Edenbrook Capital 13F annual report
Edenbrook Capital is an investment fund managing more than $180 billion ran by Megan Garufi. There are currently 8 companies in Mrs. Garufi’s portfolio. The largest investments include Magnite Inc and Cognyte Software Ltd, together worth $108 billion.
$180 billion Assets Under Management (AUM)
As of 6th August 2024, Edenbrook Capital’s top holding is 4,599,000 shares of Magnite Inc currently worth over $61.1 billion and making up 34.0% of the portfolio value.
Relative to the number of outstanding shares of Magnite Inc, Edenbrook Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 6,075,551 shares of Cognyte Software Ltd worth $46.4 billion.
The third-largest holding is Marchex Inc worth $22.4 billion and the next is Frequency Electrs Inc worth $17.1 billion, with 1,873,810 shares owned.
Currently, Edenbrook Capital's portfolio is worth at least $180 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 Edenbrook Capital
The Edenbrook Capital office and employees reside in Mt. Kisco, New York. According to the last 13-F report filed with the SEC, Megan Garufi serves as the CCO at Edenbrook Capital.
Recent trades
In the most recent 13F filing, Edenbrook Capital revealed that it had opened a new position in
PowerFleet Inc and bought 1,173,229 shares worth $5.36 billion.
This means they effectively own approximately 0.1% of the company.
PowerFleet Inc makes up
6.5%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Marchex Inc by buying
26,975 additional shares.
This makes their stake in Marchex Inc total 14,561,905 shares worth $22.4 billion.
Marchex Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Edenbrook Capital is getting rid of from its portfolio.
Edenbrook Capital closed its position in Absolute Software on 13th August 2024.
It sold the previously owned 5,506,989 shares for $43.1 billion.
Megan Garufi also disclosed a decreased stake in Magnite Inc by 0.3%.
This leaves the value of the investment at $61.1 billion and 4,599,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Edenbrook Capital are Heritage Wealth Management and Heritage Family Offices, LL.P.. They manage $180 billion and $180 billion respectively.
Megan Garufi investment strategy
Edenbrook Capital’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 45.5% of
the total portfolio value.
The fund focuses on investments in the United States as
75.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
25% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $437 million.
The complete list of Edenbrook Capital 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 |
|---|---|---|---|
| Magnite Inc |
33.28%
4,599,000
|
$61,120,710,000 | 33.96% |
| Cognyte Software Ltd |
10.28%
6,075,551
|
$46,417,210,000 | 25.79% |
| Absolute Software Corporation |
Closed
5,506,989
|
$43,115,719,000 | |
| Marchex Inc |
0.19%
14,561,905
|
$22,425,334,000 | 12.46% |
| Frequency Electrs Inc |
0.54%
1,873,810
|
$17,070,409,000 | 9.49% |
| MiX Telematics Ltd |
Closed
2,173,449
|
$16,844,230,000 | |
| Brightcove Inc |
7.44%
6,531,414
|
$15,479,451,000 | 8.60% |
| PHX Minerals Inc |
35.37%
3,396,023
|
$11,071,035,000 | 6.15% |
| PowerFleet Inc |
Opened
1,173,229
|
$5,361,656,000 | 2.98% |
| Haynes International Inc. |
98.08%
17,302
|
$1,015,627,000 | 0.56% |
| No transactions found | |||
| Showing first 500 out of 10 holdings | |||
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