Candlestick Capital Management L.P. 13F annual report

Candlestick Capital Management L.P. is an investment fund managing more than $2.96 trillion ran by James Mcgovern. There are currently 63 companies in Mr. Mcgovern’s portfolio. The largest investments include Meta Platforms Inc and Colgate-Palmolive Co, together worth $234 billion.

Limited to 30 biggest holdings

$2.96 trillion Assets Under Management (AUM)

As of 7th August 2023, Candlestick Capital Management L.P.’s top holding is 438,783 shares of Meta Platforms Inc currently worth over $126 billion and making up 4.2% of the portfolio value. Relative to the number of outstanding shares of Meta Platforms Inc, Candlestick Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 1,400,000 shares of Colgate-Palmolive Co worth $108 billion, whose value grew 5.1% in the past six months. The third-largest holding is Carnival worth $104 billion and the next is Royal Caribbean worth $104 billion, with 999,979 shares owned.

Currently, Candlestick Capital Management L.P.'s portfolio is worth at least $2.96 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 Candlestick Capital Management L.P.

The Candlestick Capital Management L.P. office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, James Mcgovern serves as the Chief Compliance Officer at Candlestick Capital Management L.P..

Recent trades

In the most recent 13F filing, Candlestick Capital Management L.P. revealed that it had opened a new position in Meta Platforms Inc and bought 438,783 shares worth $126 billion. This means they effectively own approximately 0.1% of the company. Meta Platforms Inc makes up 30.0% 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 Colgate-Palmolive Co by buying 725,000 additional shares. This makes their stake in Colgate-Palmolive Co total 1,400,000 shares worth $108 billion. Colgate-Palmolive Co dropped approximately 0.1% in the past year.

On the other hand, there are companies that Candlestick Capital Management L.P. is getting rid of from its portfolio. Candlestick Capital Management L.P. closed its position in Pepsico Inc on 14th August 2023. It sold the previously owned 600,000 shares for $100 million. James Mcgovern also disclosed a decreased stake in Amazon.com by 0.5%. This leaves the value of the investment at $74.5 billion and 571,649 shares.

One of the largest hedge funds

The two most similar investment funds to Candlestick Capital Management L.P. are Kohlberg Kravis Roberts & Co. L.P. and Balentine. They manage $2.97 trillion and $2.97 trillion respectively.

James Mcgovern investment strategy

Candlestick Capital Management L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 32.7% of the total portfolio value. The fund focuses on investments in the United States as 68.3% 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 54% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $46 billion.

The complete list of Candlestick Capital Management L.P. trades based on 13F SEC filings

These positions were updated on August 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
Meta Platforms Inc	Opened 438,783	$125,921,945,000	4.25%
Colgate-Palmolive Co.	107.41% 1,400,000	$107,856,000,000	3.64%
Carnival Corp.	Opened 5,509,957	$103,752,490,000	3.50%
Royal Caribbean Group	55.65% 999,979	$103,737,821,000	3.50%
Thor Inds Inc	Opened 895,000	$92,632,500,000	3.12%
Clorox Co.	7.62% 565,000	$89,857,600,000	3.03%
Burlington Stores Inc	41.05% 534,236	$84,083,404,000	2.84%
Generac Holdings Inc	Opened 530,471	$79,109,140,000	2.67%
Yum Brands Inc.	Opened 545,012	$75,511,413,000	2.55%
Amazon.com Inc.	50.63% 571,649	$74,520,164,000	2.51%
Lamb Weston Holdings Inc	41.00% 590,000	$67,820,500,000	2.29%
Acv Auctions Inc	Opened 3,800,000	$65,626,000,000	2.21%
Brown-Forman Corporation	Opened 975,000	$65,110,500,000	2.20%
frontdoor, inc.	Opened 2,000,000	$63,800,000,000	2.15%
Pool Corporation	Opened 170,000	$63,688,800,000	2.15%
Crown Holdings, Inc.	Opened 725,000	$62,980,750,000	2.12%
Oracle Corp.	Opened 511,664	$60,934,066,000	2.06%
3M Co.	224.32% 600,000	$60,054,000,000	2.03%
Walmart Inc	Opened 381,292	$59,931,477,000	2.02%
Take-two Interactive Softwar	17.84% 407,175	$59,919,873,000	2.02%
Shopify Inc	18.02% 922,256	$59,577,738,000	2.01%
Gartner, Inc.	Opened 170,000	$59,552,700,000	2.01%
Abercrombie & Fitch Co.	Opened 1,563,618	$58,917,126,000	1.99%
Wynn Resorts Ltd.	Opened 557,475	$58,874,935,000	1.99%
Pinterest Inc	Opened 2,053,316	$56,137,659,000	1.89%
Ulta Beauty Inc	Opened 118,973	$55,988,099,000	1.89%
Tjx Cos Inc New	Opened 653,682	$55,425,697,000	1.87%
Lennar Corp.	Opened 438,230	$54,914,601,000	1.85%
Ingredion Inc	Opened 445,000	$47,147,750,000	1.59%
Murphy USA Inc	Opened 149,312	$46,452,456,000	1.57%
Coca-cola Europacific Partne	366.67% 700,000	$45,101,000,000	1.52%
Kenvue Inc	Opened 1,650,000	$43,593,000,000	1.47%
Dave & Busters Entmt Inc	14.09% 976,430	$43,509,721,000	1.47%
Bunge Limited	57.21% 460,000	$43,401,000,000	1.46%
Ppg Inds Inc	Opened 270,836	$40,164,979,000	1.35%
Sherwin-Williams Co.	Opened 151,056	$40,108,389,000	1.35%
Pilgrims Pride Corp	Opened 1,850,000	$39,756,500,000	1.34%
Toll Brothers Inc.	Opened 488,331	$38,612,332,000	1.30%
Lululemon Athletica inc.	Opened 92,817	$35,131,235,000	1.18%
Ross Stores, Inc.	17.79% 300,000	$33,639,000,000	1.13%
Fair, Isaac Corp.	Opened 38,881	$31,462,894,000	1.06%
Brinker International, Inc.	Opened 841,649	$30,804,353,000	1.04%
Mcdonalds Corp	Opened 101,925	$30,415,439,000	1.03%
Delta Air Lines, Inc.	100.00% 600,000	$28,524,000,000	0.96%
Bath & Body Works Inc	55.49% 750,000	$28,125,000,000	0.95%
Ishares Tr	Opened 150,000	$28,090,500,000	0.95%
BILL Holdings Inc	Opened 225,000	$26,291,250,000	0.89%
Fedex Corp	Opened 100,000	$24,790,000,000	0.84%
Boston Beer Co., Inc.	37.50% 75,000	$23,133,000,000	0.78%
Vail Resorts Inc.	46.64% 90,559	$22,799,134,000	0.77%
Walgreens Boots Alliance Inc	11.76% 750,000	$21,367,500,000	0.72%
Alibaba Group Hldg Ltd	47.96% 250,000	$20,837,500,000	0.70%
Williams-Sonoma, Inc.	Opened 150,000	$18,771,000,000	0.63%
Adobe Systems Incorporated	Opened 30,609	$14,967,495,000	0.50%
McCormick & Co., Inc.	Opened 150,000	$13,084,500,000	0.44%
Ball Corp.	Opened 200,000	$11,642,000,000	0.39%
Urban Outfitters, Inc.	Opened 319,081	$10,571,154,000	0.36%
Carmax Inc	Opened 124,257	$10,400,311,000	0.35%
Freyr Battery	72.59% 1,050,000	$9,817,500,000	0.33%
TransUnion	Opened 125,000	$9,791,250,000	0.33%
Applovin Corp	Opened 362,418	$9,325,015,000	0.31%
Skechers U S A, Inc.	Opened 175,000	$9,215,500,000	0.31%
Accenture Plc Ireland	Opened 25,000	$7,714,500,000	0.26%
Pepsico Inc	Closed 600,000	$99,996,000
Live Nation Entertainment In	Closed 1,115,036	$92,080,000
ServiceNow Inc	Closed 171,135	$81,378,000
Lauder Estee Cos Inc	Closed 315,000	$80,221,000
JD.com Inc	Closed 1,162,666	$74,666,000
Select Sector Spdr Tr	Closed 575,000	$73,738,000
Philip Morris International Inc	Closed 700,000	$69,118,000
Simon Ppty Group Inc New	Closed 725,000	$68,817,000
Visa Inc	Closed 330,401	$65,053,000
Dominos Pizza Inc	Closed 164,925	$64,273,000
S&P Global Inc	Closed 170,000	$57,300,000
Aptiv PLC	Closed 590,000	$52,551,000
Harley-Davidson, Inc.	Closed 1,575,000	$49,865,000
Baidu Inc	Closed 325,120	$48,355,000
Darling Ingredients Inc	Closed 785,000	$46,943,000
General Mtrs Co	Closed 1,450,000	$46,052,000
Celsius Holdings Inc	Closed 665,000	$43,398,000
IAA Inc	Closed 1,289,991	$42,273,000
Atlassian Corp Plc	Closed 225,000	$42,165,000
Hilton Worldwide Holdings Inc	Closed 350,000	$39,004,000
Texas Roadhouse Inc	Closed 527,151	$38,587,000
Bright Horizons Fam Sol In D	Closed 450,000	$38,034,000
Lear Corp.	Closed 300,000	$37,767,000
Sanderson Farms, Inc.	Closed 175,000	$37,718,000
Starbucks Corp.	Closed 487,988	$37,277,000
Target Corp	Closed 250,000	$35,308,000
Booking Holdings Inc	Closed 20,116	$35,183,000
Alphabet Inc	Closed 15,000	$32,689,000
Marriott Intl Inc New	Closed 239,507	$32,575,000
Monster Beverage Corp.	Closed 325,000	$30,128,000
Carters Inc	Closed 425,000	$29,954,000
Las Vegas Sands Corp	Closed 875,456	$29,407,000
Mastercard Incorporated	Closed 90,000	$28,393,000
Copart, Inc.	Closed 250,000	$27,165,000
Victorias Secret And Co	Closed 871,484	$24,375,000
Wework Inc	Closed 4,600,000	$23,092,000
G-III Apparel Group Ltd.	Closed 1,000,000	$20,230,000
Macys Inc	Closed 750,000	$13,740,000
Seaworld Entmt Inc	Closed 301,859	$13,336,000
Boeing Co.	Closed 75,000	$10,254,000
Ferguson Plc New	Closed 75,000	$8,303,000
Wingstop Inc	Closed 96,031	$7,180,000
Nike, Inc.	Closed 67,152	$6,863,000
Hilton Grand Vacations Inc	Closed 177,196	$6,331,000
Nutrien Ltd	Closed 65,000	$5,180,000
Microsoft Corporation	Closed 18,913	$4,857,000
e.l.f. Beauty Inc	Closed 125,000	$3,835,000
No transactions found
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