Bleichroeder L.P. 13F annual report

Bleichroeder L.P. is an investment fund managing more than $336 billion ran by Michael Kellen. There are currently 61 companies in Mr. Kellen’s portfolio. The largest investments include Spdr Gold Tr and Linde Plc, together worth $142 billion.

Limited to 30 biggest holdings

$336 billion Assets Under Management (AUM)

As of 6th August 2024, Bleichroeder L.P.’s top holding is 475,000 shares of Spdr Gold Tr currently worth over $102 billion and making up 30.4% of the portfolio value. In addition, the fund holds 91,064 shares of Linde Plc worth $40 billion, whose value grew 7.3% in the past six months. The third-largest holding is Composecure Inc worth $25.8 billion and the next is Intevac worth $19.5 billion, with 5,039,023 shares owned.

Currently, Bleichroeder L.P.'s portfolio is worth at least $336 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 Bleichroeder L.P.

The Bleichroeder L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Kellen serves as the Chairman and CO-CEO of Bleichroeder LP at Bleichroeder L.P..

Recent trades

In the most recent 13F filing, Bleichroeder L.P. revealed that it had opened a new position in Multisensor Ai Holdings Inc and bought 808,000 shares worth $1.33 billion.

The investment fund also strengthened its position in Composecure Inc by buying 800,000 additional shares. This makes their stake in Composecure Inc total 3,797,550 shares worth $25.8 billion.

On the other hand, there are companies that Bleichroeder L.P. is getting rid of from its portfolio. Bleichroeder L.P. closed its position in Insmed Inc on 13th August 2024. It sold the previously owned 325,000 shares for $8.82 billion. Michael Kellen also disclosed a decreased stake in Brunswick by 0.4%. This leaves the value of the investment at $18.2 billion and 250,000 shares.

One of the smaller hedge funds

The two most similar investment funds to Bleichroeder L.P. are Cim Investment Management Inc and Tenere Capital. They manage $336 billion and $336 billion respectively.


Michael Kellen investment strategy

Bleichroeder L.P.’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 13.0% of the total portfolio value. The fund focuses on investments in the United States as 52.5% 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 21% of the total holdings value. On the other hand, small-cap stocks make up 16.4% of the portfolio. The average market cap of the portfolio companies is close to $37.6 billion.

The complete list of Bleichroeder L.P. trades based on 13F SEC filings

These positions were updated on August 13th 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
Spdr Gold Tr
No change
475,000
$102,129,750,000 30.42%
Linde Plc.
No change
91,064
$39,959,794,000 11.90%
Composecure Inc
26.69%
3,797,550
$25,823,340,000 7.69%
Intevac, Inc.
No change
5,039,023
$19,450,629,000 5.79%
Brunswick Corp.
41.18%
250,000
$18,192,500,000 5.42%
S&P Global Inc
No change
40,000
$17,840,000,000 5.31%
Identiv Inc
No change
2,884,495
$12,403,329,000 3.69%
Paragon 28, Inc.
No change
1,763,339
$12,061,239,000 3.59%
Blackstone Inc
No change
80,000
$9,904,000,000 2.95%
Mdxhealth Sa
No change
3,878,333
$9,269,216,000 2.76%
Insmed Inc
Closed
325,000
$8,817,250,000
Intellicheck Inc
No change
2,073,583
$7,091,654,000 2.11%
Prokidney Corp
30.63%
2,612,500
$6,426,750,000 1.91%
American Express Co.
No change
25,000
$5,788,750,000 1.72%
Barfresh Food Group Inc
No change
1,153,915
$4,223,329,000 1.26%
OptiNose Inc
No change
4,045,132
$4,206,937,000 1.25%
Duos Technologies Group, Inc.
No change
1,283,162
$3,669,843,000 1.09%
Cue Biopharma Inc
3.87%
2,861,606
$3,548,391,000 1.06%
JPMorgan Chase & Co.
50.00%
15,000
$3,033,900,000 0.90%
Grupo Televisa S A B
No change
1,000,000
$2,770,000,000 0.83%
Talkspace Inc
300.00%
1,000,000
$2,300,000,000 0.69%
Marinus Pharmaceuticals Inc
No change
1,872,463
$2,190,782,000 0.65%
Milestone Pharmaceuticals In
No change
1,326,085
$1,750,432,000 0.52%
Immix Biopharma Inc
No change
850,000
$1,683,000,000 0.50%
LiqTech International Inc
3.59%
577,110
$1,359,094,000 0.40%
Spdr S&p 500 Etf Tr
No change
2,470
$1,344,223,000 0.40%
Multisensor Ai Holdings Inc
Opened
808,000
$1,325,120,000 0.39%
Liberty Media Corp.
No change
99,262
$2,514,576,000 0.75%
Red Cat Hldgs Inc
No change
1,000,000
$1,150,000,000 0.34%
DiaMedica Therapeutics Inc.
71.97%
382,317
$1,127,835,000 0.34%
Profound Med Corp
No change
133,333
$1,118,664,000 0.33%
Modular Med Inc
No change
700,000
$1,106,000,000 0.33%
Bluebird bio Inc
No change
1,037,379
$1,020,988,000 0.30%
Maxcyte Inc
No change
250,000
$1,017,842,000 0.30%
Ideal Pwr Inc
No change
133,000
$938,980,000 0.28%
Liberty Global Ltd
50.00%
46,304
$821,699,000 0.24%
RTX Corp
No change
6,000
$602,340,000 0.18%
Immucell Corp.
No change
101,594
$492,731,000 0.15%
Ondas Holdings Inc.
No change
775,000
$449,500,000 0.13%
Evoke Pharma Inc
No change
825,000
$436,425,000 0.13%
Structure Therapeutics Inc
100.00%
10,000
$392,700,000 0.12%
Carrier Global Corporation
No change
6,000
$378,480,000 0.11%
L3Harris Technologies Inc
No change
1,600
$359,328,000 0.11%
PayPal Holdings Inc
No change
5,300
$307,559,000 0.09%
Otis Worldwide Corporation
No change
3,000
$288,780,000 0.09%
Cue Health Inc
Closed
1,000,000
$188,600,000
Curis Inc
No change
24,999
$172,493,000 0.05%
Cadence Design System Inc
No change
525
$161,569,000 0.05%
Advanced Micro Devices Inc.
No change
913
$148,163,000 0.04%
Lions Gate Entmnt Corp
No change
16,413
$140,659,000 0.04%
Movano Inc
Opened
469,000
$128,975,000 0.04%
Exxon Mobil Corp.
No change
1,075
$123,754,000 0.04%
Bank New York Mellon Corp
No change
2,000
$119,780,000 0.04%
The Real Good Food Company I
No change
200,000
$100,040,000 0.03%
Abbvie Inc
Closed
515
$93,782,000
Teradyne, Inc.
No change
600
$88,974,000 0.03%
Liberty Latin America Ltd
50.00%
10,270
$98,777,000 0.03%
Altria Group Inc.
Closed
1,200
$52,344,000
Lumentum Holdings Inc
No change
660
$33,607,000 0.01%
Ark Etf Tr
No change
2,325
$76,212,000 0.02%
AT&T, Inc.
Closed
1,650
$29,040,000
Revolution Medicines Inc
No change
556
$21,578,000 0.01%
X4 Pharmaceuticals, Inc.
No change
17,865
$10,362,000 0.00%
Genedx Holdings Corp
No change
304
$7,947,000 0.00%
Warner Bros.Discovery Inc
Closed
399
$3,483,000
Finch Therapeutics Group Inc
Closed
971
$2,525,000
Aviat Networks Inc
No change
66
$1,894,000 0.00%
Astra Space Inc
No change
517
$260,000 0.00%
No transactions found
Showing first 500 out of 68 holdings