Tig Advisors 13F annual report

Tig Advisors is an investment fund managing more than $1.46 trillion ran by Michael Fastert. There are currently 36 companies in Mr. Fastert’s portfolio. The largest investments include Horizon Therapeutics Pub L and TEGNA Inc, together worth $334 billion.

Limited to 30 biggest holdings

$1.46 trillion Assets Under Management (AUM)

As of 7th February 2023, Tig Advisors’s top holding is 1,729,388 shares of Horizon Therapeutics Pub L currently worth over $197 billion and making up 13.5% of the portfolio value. In addition, the fund holds 6,488,990 shares of TEGNA Inc worth $138 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Vmware worth $133 billion and the next is Activision Blizzard Inc worth $123 billion, with 1,600,580 shares owned.

Currently, Tig Advisors's portfolio is worth at least $1.46 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Tig Advisors

The Tig Advisors office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Fastert serves as the Chief Operating Officer at Tig Advisors.

Recent trades

In the most recent 13F filing, Tig Advisors revealed that it had opened a new position in Horizon Therapeutics Pub L and bought 1,729,388 shares worth $197 billion.

The investment fund also strengthened its position in Vmware by buying 558,197 additional shares. This makes their stake in Vmware total 1,081,021 shares worth $133 billion. Vmware dropped 4.7% in the past year.

On the other hand, there are companies that Tig Advisors is getting rid of from its portfolio. Tig Advisors closed its position in Citrix Sys Inc on 14th February 2023. It sold the previously owned 1,659,353 shares for $161 million. Michael Fastert also disclosed a decreased stake in TEGNA Inc by approximately 0.1%. This leaves the value of the investment at $138 billion and 6,488,990 shares.

One of the largest hedge funds

The two most similar investment funds to Tig Advisors are Hyman Charles D and Fairview Capital Investment Management. They manage $1.46 trillion and $1.46 trillion respectively.


Michael Fastert investment strategy

Tig Advisors’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 28.1% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 14% of the total holdings value. On the other hand, small-cap stocks make up only 5.6% of the portfolio. The average market cap of the portfolio companies is close to $16.1 billion.

The complete list of Tig Advisors trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Horizon Therapeutics Pub L
Opened
1,729,388
$196,804,354,000 13.45%
TEGNA Inc
2.88%
6,488,990
$137,501,698,000 9.40%
Vmware Inc.
106.77%
1,081,021
$132,706,138,000 9.07%
Activision Blizzard Inc
37.26%
1,600,580
$122,524,399,000 8.37%
Altra Indl Motion Corp
Opened
2,026,851
$121,104,347,000 8.28%
Atlas Air Worldwide Hldgs
Opened
1,119,313
$112,826,750,000 7.71%
Sierra Wireless Inc
Opened
3,803,411
$110,260,885,000 7.54%
Atlas Corp.
Opened
6,890,972
$105,707,511,000 7.22%
1Life Healthcare, Inc.
Opened
5,713,876
$95,478,868,000 6.53%
Tower Semiconductor Ltd.
2.94%
1,427,525
$61,669,080,000 4.21%
Coupa Software Inc
Opened
583,244
$46,175,427,000 3.16%
Ritchie Bros Auctioneers Inc
Opened
681,030
$39,383,965,000 2.69%
Imago Biosciences Inc
Opened
990,664
$35,614,371,000 2.43%
Silicon Motion Technology Corp
3.76%
518,627
$33,705,569,000 2.30%
Resolute Fst Prods Inc
Opened
933,009
$20,143,664,000 1.38%
Black Knight Inc
66.11%
293,297
$18,111,090,000 1.24%
IAA Inc
Opened
365,920
$14,636,800,000 1.00%
Knowbe4 Inc
Opened
453,668
$11,241,893,000 0.77%
Regal Rexnord Corporation
Opened
92,892
$11,145,182,000 0.76%
Univar Solutions Inc
Opened
239,032
$7,601,218,000 0.52%
Aerojet Rocketdyne Holdings Inc
Opened
123,579
$6,911,773,000 0.47%
UserTesting, Inc.
Opened
493,807
$3,708,491,000 0.25%
Spirit Airls Inc
68.61%
156,437
$3,047,393,000 0.21%
Momentive Global Inc
86.39%
351,452
$2,460,164,000 0.17%
ForgeRock, Inc.
Opened
105,141
$2,394,061,000 0.16%
Apollo Endosurgery Inc
Opened
196,665
$1,960,750,000 0.13%
Spdr S&p 500 Etf Tr
Opened
5,000
$1,912,150,000 0.13%
Broadcom Inc.
50.96%
2,700
$1,509,651,000 0.10%
Tpg Pace Beneficial Ii Corp
58.97%
148,744
$1,461,410,000 0.10%
American Eqty Invt Life Hld
Opened
21,225
$968,284,000 0.07%
Dragoneer Growth Opt Corp Ii
69.61%
75,700
$746,402,000 0.05%
Seagen Inc
Opened
4,635
$595,644,000 0.04%
Humana Inc.
Opened
1,052
$538,824,000 0.04%
Advanced Micro Devices Inc.
Opened
6,456
$418,155,000 0.03%
Citrix Sys Inc
Closed
1,659,353
$161,239,000
Biohaven Pharmactl Hldg Co L
Closed
1,029,868
$150,062,000
Zendesk Inc
Closed
1,929,922
$142,949,000
Cazoo Group Ltd
59.92%
796,316
$124,862,000 0.01%
Terminix Global Holdings Inc
Closed
2,810,991
$114,267,000
Change Healthcare Inc.
Closed
4,288,914
$98,902,000
Sailpoint Technologies Hldgs
Closed
1,345,465
$84,334,000
Cano Health Inc
Opened
50,000
$68,500,000 0.00%
Switch Inc
Closed
1,646,258
$55,150,000
Tenneco, Inc.
Closed
3,193,109
$54,794,000
Vonage Hldgs Corp
Closed
2,813,879
$53,013,000
Sierra Oncology Inc
Closed
891,117
$49,003,000
Southwest Gas Holdings Inc
Closed
496,262
$43,214,000
Mandiant Inc
Closed
1,765,257
$38,518,000
Turning Point Therapeutics I
Closed
504,284
$37,947,000
Healthcare Tr Amer Inc
Closed
1,113,413
$31,075,000
Welbilt Inc
Closed
1,234,384
$29,391,000
CDK Global Inc
Closed
463,813
$25,403,000
Healthcare Rlty Tr
Closed
902,225
$24,541,000
Nielsen Hldgs Plc
Closed
1,023,575
$23,767,000
First Horizon Corporation
Closed
992,598
$21,698,000
NeoPhotonics Corporation
Closed
1,362,380
$21,430,000
Meritor Inc
Closed
534,274
$19,410,000
Playtika Hldg Corp
Closed
1,259,284
$16,673,000
Sanderson Farms, Inc.
Closed
75,161
$16,199,000
Kohls Corp
Closed
410,873
$14,664,000
WideOpenWest Inc
Closed
689,925
$12,564,000
Atotech Ltd
Closed
588,228
$11,382,000
SciPlay Corporation
Closed
808,259
$11,291,000
Twitter Inc
Closed
280,858
$10,501,000
Frontier Group Hldgs Inc
Closed
1,025,239
$9,606,000
Far Peak Acquisition Corp
Closed
863,640
$8,481,000
Pershing Square Tontine Hldg
Closed
422,351
$8,434,000
Gold Fields Ltd
Closed
767,730
$7,002,000
Social Leverage Acquisn Corp
Closed
571,622
$5,619,000
Social Capital Hedosopha Hld
Closed
558,182
$5,543,000
Austerlitz Acquisition Corp
Closed
749,271
$7,305,000
Horizon Acquisition Corporat
Closed
492,391
$4,880,000
Khosla Ventures Acquisition
Closed
498,080
$4,856,000
Jaws Hurricane Acquisitn Cor
Closed
489,931
$4,757,000
Yamana Gold Inc.
Closed
1,019,272
$4,740,000
Arya Sciences Acqu Corp Iv
Closed
469,933
$4,610,000
Social Cap Suvretta Hlds Crp
Closed
775,646
$7,598,000
Prime Impact Acquisition I
Closed
419,185
$4,192,000
Logistics Innovtn Technlgs C
Closed
419,231
$4,075,000
Jaws Mustang Acquisition Cor
Closed
412,059
$4,051,000
Valvoline Inc
Closed
139,979
$4,036,000
Hennessy Capital Invs Corp V
Closed
405,440
$3,981,000
Tailwind Acquisition Corp.
Closed
398,052
$3,961,000
Khosla Ventures Acqut Co Iii
Closed
392,230
$3,816,000
Equity Distr Acquisition Cor
Closed
373,051
$3,706,000
Jaws Juggernaut Acquisitn Co
Closed
379,141
$3,689,000
Cc Neuberger Prin Hldgs Ii
Closed
360,551
$3,602,000
FAST Acquisition Corp.
Closed
350,430
$3,550,000
SVF Investment Corp.
Closed
354,004
$3,490,000
Ftac Athena Acquisition Corp
Closed
349,939
$3,435,000
Recharge Acquisition Corp.
Closed
341,608
$3,419,000
Svf Investment Corp 2
Closed
344,010
$3,375,000
Vector Acquisition Corp Ii
Closed
339,813
$3,334,000
Franchise Group, Inc.
Closed
89,886
$3,152,000
Tpg Pace Ben Fin Corp
Closed
305,680
$3,029,000
Adit EdTech Acquisition Corp.
Closed
303,626
$2,988,000
Healthcare Services Acqu Cor
Closed
301,975
$2,971,000
E Merge Technology Acquisiti
Closed
295,253
$2,961,000
Intercontinental Exchange In
Closed
31,305
$2,944,000
Landcadia Holdings Iv Inc
Closed
299,820
$2,935,000
Social Cap Suvretta Hld Crpi
Closed
287,935
$2,865,000
Supernova Partn Acq Co Iii L
Closed
290,019
$2,836,000
Ftac Hera Acquisition Corp
Closed
287,519
$2,818,000
Elliott Opportunity Ii Corp
Closed
277,202
$2,694,000
B Riley Principal 150 Merger
Closed
239,696
$2,387,000
Pine Is Acquisition Corp
Closed
227,469
$2,245,000
H.I.G. Acquisition Corp.
Closed
225,410
$2,232,000
Ig Acquisition Corp
Closed
218,178
$2,160,000
Turquoise Hill Res Ltd
Closed
78,469
$2,101,000
Mks Instrs Inc
Closed
20,400
$2,094,000
Climate Real Impact Slutins
Closed
212,247
$2,086,000
Carney Technology Acqu Corp
Closed
210,743
$2,076,000
Rice Acquisition Corp. II
Closed
204,905
$2,000,000
Highland Transcend Partners
Closed
202,682
$1,998,000
Proptech Investment Corp Ii
Closed
196,760
$1,940,000
Scion Tech Growth I
Closed
186,015
$1,840,000
Avanti Acquisition Corp.
Closed
184,713
$1,831,000
Aequi Acquisition Corp
Closed
177,133
$1,750,000
Rmg Acquisition Corp Iii
Closed
163,083
$1,603,000
NCR Corp.
Closed
46,329
$1,441,000
Pathfinder Acquisition Corp
Closed
122,461
$1,201,000
Vy Global Growth
Closed
100,873
$998,000
Fintech Acquisition Corp V
Closed
92,334
$909,000
Sports Ventures Acquisin Cor
Closed
92,238
$907,000
NortonLifeLock Inc
Closed
40,857
$897,000
Cohn Robbins Holdings Corp.
Closed
86,691
$862,000
Insu Acquisition Corp Iii
Closed
79,319
$781,000
Tishman Speyer Innovation Co
Closed
64,797
$634,000
Fortress Value Acquis Corp I
Closed
62,172
$611,000
Amci Acquisition Corp Ii
Closed
62,481
$610,000
Mountain Crest Acqusitn Crp
Closed
56,826
$560,000
No transactions found
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