Engine No. 1 13F annual report

Engine No. 1 is an investment fund managing more than $95.3 billion ran by Nate Saint-victor. There are currently 11 companies in Mrs. Saint-victor’s portfolio. The largest investments include Vertiv Co and Applied Matls Inc, together worth $30.2 billion.

$95.3 billion Assets Under Management (AUM)

As of 5th August 2024, Engine No. 1’s top holding is 209,325 shares of Vertiv Co currently worth over $18.1 billion and making up 19.0% of the portfolio value. Relative to the number of outstanding shares of Vertiv Co, Engine No. 1 owns more than approximately 0.1% of the company. In addition, the fund holds 51,231 shares of Applied Matls Inc worth $12.1 billion. The third-largest holding is Asml Holding N V worth $10.5 billion and the next is Hubbell worth $9.45 billion, with 25,863 shares owned.

Currently, Engine No. 1's portfolio is worth at least $95.3 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 Engine No. 1

The Engine No. 1 office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Nate Saint-victor serves as the Chief Compliance Officer at Engine No. 1.

Recent trades

In the most recent 13F filing, Engine No. 1 revealed that it had opened a new position in Fluence Energy Inc and bought 495,000 shares worth $8.58 billion.

The investment fund also strengthened its position in Asml Holding N V by buying 3,700 additional shares. This makes their stake in Asml Holding N V total 10,242 shares worth $10.5 billion.

On the other hand, there are companies that Engine No. 1 is getting rid of from its portfolio. Engine No. 1 closed its position in Amazon.com on 12th August 2024. It sold the previously owned 43,474 shares for $7.84 billion. Nate Saint-victor also disclosed a decreased stake in Vertiv Co by approximately 0.1%. This leaves the value of the investment at $18.1 billion and 209,325 shares.

One of the smallest hedge funds

The two most similar investment funds to Engine No. 1 are Concorde Corp and Index Venture Growth Associates Iii Ltd. They manage $95.3 billion and $95.4 billion respectively.

Nate Saint-victor investment strategy

Engine No. 1’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Industrials — making up 19.0% of the total portfolio value. The fund focuses on investments in the United States as 63.6% 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 36% 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 $339 billion.

The complete list of Engine No. 1 trades based on 13F SEC filings

These positions were updated on August 12th 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
Vertiv Holdings Co	2.79% 209,325	$18,121,265,000	19.01%
Applied Matls Inc	No change 51,231	$12,090,004,000	12.69%
Asml Holding N V	56.56% 10,242	$10,474,801,000	10.99%
Hubbell Inc.	No change 25,863	$9,452,409,000	9.92%
Powell Inds Inc	91.35% 61,374	$8,801,032,000	9.23%
Fluence Energy Inc	Opened 495,000	$8,583,300,000	9.01%
Exxon Mobil Corp.	No change 73,833	$8,499,655,000	8.92%
Amazon.com Inc.	Closed 43,474	$7,841,840,000
Vistra Corp	No change 76,000	$6,534,480,000	6.86%
NRG Energy Inc.	No change 73,000	$5,683,780,000	5.96%
Microsoft Corporation	49.12% 9,700	$4,335,415,000	4.55%
First Solar Inc	Opened 12,100	$2,728,066,000	2.86%
No transactions found
Showing first 500 out of 12 holdings