Malaga Cove Capital 13F annual report
Malaga Cove Capital is an investment fund managing more than $246 billion ran by Al Walsh. There are currently 173 companies in Mr. Walsh’s portfolio. The largest investments include ON Semiconductor and Amazon.com, together worth $24.3 billion.
$246 billion Assets Under Management (AUM)
As of 31st July 2024, Malaga Cove Capital’s top holding is 233,078 shares of ON Semiconductor currently worth over $16 billion and making up 6.5% of the portfolio value.
Relative to the number of outstanding shares of ON Semiconductor, Malaga Cove Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 43,111 shares of Amazon.com worth $8.33 billion, whose value fell 5.6% in the past six months.
The third-largest holding is Fedex Corp worth $7.4 billion and the next is JPMorgan Chase & Co worth $5.2 billion, with 25,689 shares owned.
Currently, Malaga Cove Capital's portfolio is worth at least $246 billion. 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 Malaga Cove Capital
The Malaga Cove Capital office and employees reside in Pv Estates, California. According to the last 13-F report filed with the SEC, Al Walsh serves as the Managing Member at Malaga Cove Capital.
Recent trades
In the most recent 13F filing, Malaga Cove Capital revealed that it had opened a new position in
Sentinelone Inc and bought 32,233 shares worth $679 million.
The investment fund also strengthened its position in Caterpillar by buying
324 additional shares.
This makes their stake in Caterpillar total 14,947 shares worth $4.98 billion.
Caterpillar soared 12.5% in the past year.
On the other hand, there are companies that Malaga Cove Capital is getting rid of from its portfolio.
Malaga Cove Capital closed its position in Corpay Inc on 7th August 2024.
It sold the previously owned 3,844 shares for $1.19 billion.
Al Walsh also disclosed a decreased stake in ON Semiconductor by approximately 0.1%.
This leaves the value of the investment at $16 billion and 233,078 shares.
One of the smallest hedge funds
The two most similar investment funds to Malaga Cove Capital are Claar Advisors and Estuary Capital Management L.P.. They manage $246 billion and $246 billion respectively.
Al Walsh investment strategy
Malaga Cove Capital’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 32.3% of
the total portfolio value.
The fund focuses on investments in the United States as
61.3% 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
52% of the total holdings value.
On the other hand, small-cap stocks make up only 0.6% of the portfolio.
The average market cap of the portfolio companies is close to $123 billion.
The complete list of Malaga Cove Capital trades based on 13F SEC filings
These positions were updated on August 7th 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 |
|---|---|---|---|
| ON Semiconductor Corp. |
0.69%
233,078
|
$15,977,497,000 | 6.49% |
| Amazon.com Inc. |
0.62%
43,111
|
$8,331,201,000 | 3.38% |
| Fedex Corp |
5.44%
24,685
|
$7,401,550,000 | 3.01% |
| JPMorgan Chase & Co. |
0.29%
25,689
|
$5,195,857,000 | 2.11% |
| Caterpillar Inc. |
2.22%
14,947
|
$4,978,846,000 | 2.02% |
| Jacobs Solutions Inc |
0.40%
35,155
|
$4,911,505,000 | 1.99% |
| AMGEN Inc. |
0.92%
15,163
|
$4,737,679,000 | 1.92% |
| Tesla Inc |
2.66%
23,713
|
$4,692,328,000 | 1.91% |
| Taiwan Semiconductor Mfg Ltd |
0.08%
26,704
|
$4,641,422,000 | 1.89% |
| Advanced Micro Devices Inc. |
2.71%
28,076
|
$4,554,208,000 | 1.85% |
| Lam Research Corp. |
1.23%
4,186
|
$4,457,462,000 | 1.81% |
| Crowdstrike Holdings Inc |
31.37%
11,269
|
$4,318,168,000 | 1.75% |
| Quanta Svcs Inc |
2.28%
15,944
|
$4,051,211,000 | 1.65% |
| NVIDIA Corp |
738.10%
31,789
|
$3,927,213,000 | 1.59% |
| Meta Platforms Inc |
2.78%
7,502
|
$3,782,658,000 | 1.54% |
| Schwab Charles Corp |
0.65%
48,414
|
$3,567,628,000 | 1.45% |
| Old Dominion Freight Line In |
3.62%
19,713
|
$3,481,316,000 | 1.41% |
| Apple Inc |
0.03%
16,420
|
$3,458,425,000 | 1.40% |
| Trade Desk Inc |
4.62%
33,928
|
$3,313,748,000 | 1.35% |
| Spotify Technology S.A. |
0.85%
10,474
|
$3,286,636,000 | 1.33% |
| Adobe Inc |
10.25%
5,895
|
$3,274,908,000 | 1.33% |
| Costco Whsl Corp New |
0.22%
3,560
|
$3,025,964,000 | 1.23% |
| Alphabet Inc |
0.84%
20,556
|
$3,749,455,000 | 1.52% |
| Ameriprise Finl Inc |
0.31%
6,791
|
$2,901,047,000 | 1.18% |
| Grupo Aeropuerto Del Pacific |
0.42%
17,907
|
$2,789,373,000 | 1.13% |
| Avalonbay Cmntys Inc |
0.52%
13,452
|
$2,783,084,000 | 1.13% |
| Merck & Co Inc |
0.57%
22,439
|
$2,777,948,000 | 1.13% |
| Lennar Corp. |
0.66%
19,735
|
$2,751,651,000 | 1.12% |
| Oracle Corp. |
0.39%
19,375
|
$2,735,750,000 | 1.11% |
| RTX Corp |
2.39%
26,376
|
$2,647,887,000 | 1.08% |
| Visa Inc |
0.37%
9,947
|
$2,610,789,000 | 1.06% |
| Elevance Health Inc |
0.39%
4,803
|
$2,602,554,000 | 1.06% |
| Skechers U S A, Inc. |
4.41%
36,934
|
$2,552,878,000 | 1.04% |
| Marvell Technology Inc |
0.10%
35,709
|
$2,496,059,000 | 1.01% |
| Datadog Inc |
No change
18,222
|
$2,363,211,000 | 0.96% |
| Asml Holding N V |
5.57%
2,218
|
$2,268,415,000 | 0.92% |
| Intuitive Surgical Inc |
0.24%
4,643
|
$2,065,439,000 | 0.84% |
| Sap SE |
0.30%
10,136
|
$2,044,533,000 | 0.83% |
| Cisco Sys Inc |
5.75%
42,877
|
$2,037,086,000 | 0.83% |
| Costar Group, Inc. |
5.84%
27,175
|
$2,014,755,000 | 0.82% |
| L3Harris Technologies Inc |
0.52%
8,424
|
$1,891,862,000 | 0.77% |
| Spdr Ser Tr |
5.41%
20,294
|
$1,862,583,000 | 0.76% |
| Microsoft Corporation |
0.46%
4,149
|
$1,854,396,000 | 0.75% |
| Goldman Sachs Group, Inc. |
0.77%
4,020
|
$1,818,326,000 | 0.74% |
| Freeport-McMoRan Inc |
No change
36,385
|
$1,768,311,000 | 0.72% |
| Price T Rowe Group Inc |
0.23%
14,944
|
$1,723,193,000 | 0.70% |
| Vail Resorts Inc. |
5.96%
9,549
|
$1,720,061,000 | 0.70% |
| Shopify Inc |
20.92%
25,932
|
$1,712,809,000 | 0.70% |
| Chewy Inc |
18.87%
53,766
|
$1,464,586,000 | 0.59% |
| Neogen Corp. |
62.31%
89,191
|
$1,394,055,000 | 0.57% |
| TREX Co., Inc. |
2.19%
18,349
|
$1,360,028,000 | 0.55% |
| Dynatrace Inc |
0.47%
29,974
|
$1,341,037,000 | 0.54% |
| Astrazeneca plc |
1.03%
17,150
|
$1,337,529,000 | 0.54% |
| Universal Hlth Svcs Inc |
0.39%
7,191
|
$1,329,832,000 | 0.54% |
| Zscaler Inc |
0.85%
6,686
|
$1,284,982,000 | 0.52% |
| Owens Corning |
0.21%
7,087
|
$1,231,154,000 | 0.50% |
| Alexandria Real Estate Eq In |
0.26%
10,521
|
$1,230,641,000 | 0.50% |
| Corpay Inc |
Closed
3,844
|
$1,186,028,000 | |
| Grupo Aeroportuario Del Cent |
15.02%
17,211
|
$1,164,324,000 | 0.47% |
| Applied Matls Inc |
10.94%
4,801
|
$1,132,988,000 | 0.46% |
| Danaher Corp. |
No change
4,339
|
$1,084,099,000 | 0.44% |
| Broadcom Inc |
No change
666
|
$1,069,283,000 | 0.43% |
| MercadoLibre Inc |
0.46%
649
|
$1,066,567,000 | 0.43% |
| Netflix Inc. |
No change
1,562
|
$1,054,163,000 | 0.43% |
| Deere & Co. |
0.11%
2,760
|
$1,031,219,000 | 0.42% |
| Brown-Forman Corporation |
47.97%
23,245
|
$1,025,802,000 | 0.42% |
| Endava plc |
11.05%
34,759
|
$1,016,353,000 | 0.41% |
| Hormel Foods Corp. |
20.54%
33,192
|
$1,012,024,000 | 0.41% |
| ServiceNow Inc |
16.27%
1,258
|
$989,631,000 | 0.40% |
| Global Pmts Inc |
1.25%
10,179
|
$984,309,000 | 0.40% |
| FIGS, Inc. |
28.33%
180,844
|
$963,899,000 | 0.39% |
| Grayscale Bitcoin Tr Btc |
Closed
14,914
|
$942,117,000 | |
| PayPal Holdings Inc |
0.45%
15,929
|
$924,360,000 | 0.38% |
| Hexcel Corp. |
0.30%
14,622
|
$913,144,000 | 0.37% |
| TD Synnex Corp |
0.20%
7,652
|
$883,041,000 | 0.36% |
| Monolithic Pwr Sys Inc |
17.16%
1,065
|
$875,089,000 | 0.36% |
| Smartsheet Inc |
0.90%
19,373
|
$853,962,000 | 0.35% |
| Union Pac Corp |
1.43%
3,693
|
$835,578,000 | 0.34% |
| Cloudflare Inc |
0.24%
10,058
|
$833,104,000 | 0.34% |
| Workday Inc |
9.99%
3,721
|
$831,867,000 | 0.34% |
| American Tower Corp. |
25.04%
4,239
|
$823,977,000 | 0.33% |
| Chart Inds Inc |
1.20%
5,689
|
$821,150,000 | 0.33% |
| Charles Riv Labs Intl Inc |
18.10%
3,856
|
$796,572,000 | 0.32% |
| Iridium Communications Inc |
1.18%
29,362
|
$781,616,000 | 0.32% |
| McCormick & Co., Inc. |
35.21%
10,610
|
$752,673,000 | 0.31% |
| Medtronic Plc |
1.09%
9,550
|
$751,681,000 | 0.31% |
| Repligen Corp. |
32.48%
5,906
|
$744,510,000 | 0.30% |
| Blackrock Inc. |
0.21%
940
|
$740,081,000 | 0.30% |
| Zoom Video Communications In |
Closed
11,286
|
$737,766,000 | |
| Lululemon Athletica inc. |
50.09%
2,445
|
$730,322,000 | 0.30% |
| SiteOne Landscape Supply Inc |
48.85%
5,829
|
$707,699,000 | 0.29% |
| Asbury Automotive Group Inc |
No change
3,090
|
$704,118,000 | 0.29% |
| Snowflake Inc. |
No change
5,162
|
$697,335,000 | 0.28% |
| Capital One Finl Corp |
23.74%
4,992
|
$691,142,000 | 0.28% |
| Qualcomm, Inc. |
5.54%
3,410
|
$679,204,000 | 0.28% |
| Salesforce Inc |
1.60%
2,640
|
$678,744,000 | 0.28% |
| Sentinelone Inc |
Opened
32,233
|
$678,505,000 | 0.28% |
| Box Inc |
5.54%
25,589
|
$676,573,000 | 0.27% |
| Take-two Interactive Softwar |
0.16%
4,305
|
$669,384,000 | 0.27% |
| BorgWarner Inc |
0.93%
20,737
|
$668,561,000 | 0.27% |
| Compania Cervecerias Unidas |
39.76%
57,632
|
$655,852,000 | 0.27% |
| Home Depot, Inc. |
No change
1,895
|
$652,335,000 | 0.26% |
| Edwards Lifesciences Corp |
No change
6,903
|
$637,630,000 | 0.26% |
| Nike, Inc. |
60.22%
8,455
|
$637,253,000 | 0.26% |
| Thermo Fisher Scientific Inc. |
No change
1,091
|
$603,323,000 | 0.25% |
| Parker-Hannifin Corp. |
No change
1,188
|
$600,902,000 | 0.24% |
| Corporacion Amer Arpts S A |
No change
35,223
|
$586,111,000 | 0.24% |
| Sprout Social, Inc. |
1.57%
16,352
|
$583,439,000 | 0.24% |
| Icon Plc |
0.33%
1,815
|
$568,948,000 | 0.23% |
| Bhp Group Ltd |
0.36%
9,608
|
$548,521,000 | 0.22% |
| Berry Global Group Inc |
0.57%
9,072
|
$533,887,000 | 0.22% |
| Crown Castle Inc |
2.63%
5,446
|
$532,074,000 | 0.22% |
| Bruker Corp |
16.52%
8,335
|
$531,856,000 | 0.22% |
| Norfolk Southn Corp |
66.62%
2,401
|
$515,471,000 | 0.21% |
| Credicorp Ltd |
5.89%
3,194
|
$515,288,000 | 0.21% |
| Canadian Pacific Kansas City |
45.68%
6,509
|
$512,454,000 | 0.21% |
| CSX Corp. |
57.60%
15,221
|
$509,142,000 | 0.21% |
| Red Rock Resorts Inc |
54.50%
9,114
|
$500,632,000 | 0.20% |
| Doximity, Inc. |
Closed
18,329
|
$493,233,000 | |
| Unilever plc |
1.33%
8,878
|
$488,201,000 | 0.20% |
| Devon Energy Corp. |
0.21%
10,268
|
$486,703,000 | 0.20% |
| Ambev Sa |
1.60%
236,519
|
$484,864,000 | 0.20% |
| Fidelity National Financial Inc |
Closed
8,970
|
$476,307,000 | |
| BP plc |
0.12%
13,003
|
$469,408,000 | 0.19% |
| Hyatt Hotels Corporation |
0.93%
3,076
|
$467,306,000 | 0.19% |
| National Storage Affiliates |
5.12%
11,119
|
$458,325,000 | 0.19% |
| MSCI Inc |
Opened
944
|
$454,772,000 | 0.18% |
| Fox Factory Hldg Corp |
63.17%
9,379
|
$451,974,000 | 0.18% |
| Veeva Sys Inc |
2.06%
2,430
|
$444,714,000 | 0.18% |
| Idexx Labs Inc |
1.83%
911
|
$443,839,000 | 0.18% |
| Dexcom Inc |
8.63%
3,875
|
$439,348,000 | 0.18% |
| United Parcel Service, Inc. |
1.89%
3,174
|
$434,362,000 | 0.18% |
| Caesars Entertainment Inc Ne |
97.86%
10,928
|
$434,279,000 | 0.18% |
| Block Inc |
54.79%
6,693
|
$431,632,000 | 0.18% |
| Ford Mtr Co Del |
1.30%
34,363
|
$430,912,000 | 0.18% |
| Canada Goose Holdings Inc |
Closed
34,857
|
$420,375,000 | |
| Ncino, Inc. |
69.43%
13,214
|
$415,580,000 | 0.17% |
| Chevron Corp. |
0.30%
2,621
|
$409,977,000 | 0.17% |
| Lauder Estee Cos Inc |
9.57%
3,761
|
$400,170,000 | 0.16% |
| Brookfield Asset Managmt Ltd |
3.33%
10,435
|
$397,052,000 | 0.16% |
| Tenable Holdings Inc |
44.52%
9,063
|
$394,966,000 | 0.16% |
| Ansys Inc. |
39.74%
1,164
|
$374,226,000 | 0.15% |
| Tko Group Holdings Inc |
Closed
4,309
|
$372,341,000 | |
| Marriott Vacations Worldwide Corp |
Closed
3,452
|
$371,884,000 | |
| Johnson & Johnson |
57.24%
2,530
|
$369,785,000 | 0.15% |
| Diageo plc |
91.11%
2,901
|
$365,758,000 | 0.15% |
| Roper Technologies Inc |
No change
633
|
$356,797,000 | 0.14% |
| Conocophillips |
Opened
3,089
|
$353,320,000 | 0.14% |
| Xylem Inc |
No change
2,584
|
$350,468,000 | 0.14% |
| Prologis Inc |
20.96%
3,088
|
$346,813,000 | 0.14% |
| Carrier Global Corporation |
0.13%
5,399
|
$340,569,000 | 0.14% |
| Guidewire Software Inc |
No change
2,438
|
$336,176,000 | 0.14% |
| GitLab Inc. |
1.54%
6,611
|
$328,699,000 | 0.13% |
| Clearwater Analytics Hldgs I |
0.26%
17,533
|
$324,711,000 | 0.13% |
| Paycom Software Inc |
1.71%
2,263
|
$323,700,000 | 0.13% |
| Truist Finl Corp |
1.39%
8,322
|
$323,310,000 | 0.13% |
| Texas Instrs Inc |
0.12%
1,639
|
$318,835,000 | 0.13% |
| Paccar Inc. |
Opened
3,092
|
$318,290,000 | 0.13% |
| Unitedhealth Group Inc |
Opened
615
|
$313,195,000 | 0.13% |
| Floor & Decor Holdings Inc |
No change
3,111
|
$309,265,000 | 0.13% |
| MGM Resorts International |
No change
6,920
|
$307,525,000 | 0.12% |
| Tfs Finl Corp |
70.31%
23,593
|
$297,744,000 | 0.12% |
| Coca-cola Femsa Sab De Cv |
No change
3,442
|
$295,461,000 | 0.12% |
| NVR Inc. |
No change
38
|
$288,365,000 | 0.12% |
| Intuit Inc |
1.16%
427
|
$280,629,000 | 0.11% |
| Lithia Mtrs Inc |
Opened
1,043
|
$263,305,000 | 0.11% |
| Abbott Labs |
0.28%
2,517
|
$261,541,000 | 0.11% |
| Starbucks Corp. |
2.43%
3,335
|
$259,630,000 | 0.11% |
| Las Vegas Sands Corp |
Opened
5,769
|
$255,278,000 | 0.10% |
| IQVIA Holdings Inc |
Opened
1,173
|
$248,019,000 | 0.10% |
| Air Prods & Chems Inc |
0.31%
955
|
$246,438,000 | 0.10% |
| Birkenstock Holding Plc |
No change
4,351
|
$236,738,000 | 0.10% |
| Willscot Mobil Mini Hldng Co |
Opened
6,040
|
$227,346,000 | 0.09% |
| Choice Hotels International, Inc. |
0.32%
1,884
|
$224,196,000 | 0.09% |
| Verisk Analytics Inc |
Opened
829
|
$223,457,000 | 0.09% |
| Luminar Technologies Inc |
10.65%
148,584
|
$221,390,000 | 0.09% |
| Rexford Indl Rlty Inc |
2.16%
4,865
|
$216,930,000 | 0.09% |
| Ecolab, Inc. |
Closed
922
|
$212,890,000 | |
| Franco Nev Corp |
Closed
1,776
|
$211,628,000 | |
| Dt Midstream Inc |
Opened
2,959
|
$210,178,000 | 0.09% |
| On Hldg Ag |
Opened
5,396
|
$209,365,000 | 0.09% |
| HDFC Bank Ltd. |
Closed
3,715
|
$207,929,000 | |
| Fomento Economico Mexicano S |
Closed
1,582
|
$206,087,000 | |
| Exponent Inc. |
Opened
2,165
|
$205,935,000 | 0.08% |
| Brookfield Corp |
Closed
4,859
|
$203,446,000 | |
| Warrior Met Coal Inc |
Opened
3,225
|
$202,433,000 | 0.08% |
| Luna Innovations Inc |
Closed
13,200
|
$42,306,000 | |
| Digital Turbine Inc |
Closed
10,625
|
$27,838,000 | |
| Evogene Ltd |
Closed
12,000
|
$9,000,000 | |
| Smith Micro Software, Inc. |
Closed
14,600
|
$5,027,000 | |
| No transactions found | |||
| Showing first 500 out of 190 holdings | |||
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