Sycomore Asset Management 13F annual report

Sycomore Asset Management is an investment fund managing more than $564 million ran by Jean-baptiste Blanc. There are currently 67 companies in Blanc’s portfolio. The largest investments include Microsoft and NVIDIA Corp, together worth $111 million.

$564 million Assets Under Management (AUM)

As of 21st August 2024, Sycomore Asset Management’s top holding is 156,322 shares of Microsoft currently worth over $70.7 million and making up 12.5% of the portfolio value. Relative to the number of outstanding shares of Microsoft, Sycomore Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 315,810 shares of NVIDIA Corp worth $39.9 million, whose value fell 83.5% in the past six months. The third-largest holding is Eli Lilly worth $35.2 million and the next is ServiceNow Inc worth $25.5 million, with 33,878 shares owned.

Currently, Sycomore Asset Management's portfolio is worth at least $564 million. 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 Sycomore Asset Management

The Sycomore Asset Management office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Jean-baptiste Blanc serves as the HEAD OF COMPLIANCE at Sycomore Asset Management.

Recent trades

In the most recent 13F filing, Sycomore Asset Management revealed that it had opened a new position in Workday Inc and bought 71,066 shares worth $15.4 million.

The investment fund also strengthened its position in Microsoft by buying 19,501 additional shares. This makes their stake in Microsoft total 156,322 shares worth $70.7 million. Microsoft soared 27.8% in the past year.

On the other hand, there are companies that Sycomore Asset Management is getting rid of from its portfolio. Sycomore Asset Management closed its position in Salesforce.com on 28th August 2024. It sold the previously owned 43,441 shares for $13.3 million. Jean-baptiste Blanc also disclosed a decreased stake in Applied Material by 0.1%. This leaves the value of the investment at $12.7 million and 54,505 shares.

One of the smallest hedge funds

The two most similar investment funds to Sycomore Asset Management are Psagot Value and Alcentra Ltd (bny Mellon). They manage $563 million and $566 million respectively.


Jean-baptiste Blanc investment strategy

Sycomore Asset Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 44.9% of the total portfolio value. The fund focuses on investments in the United States as 55.2% 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 45% 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 $123 billion.

The complete list of Sycomore Asset Management trades based on 13F SEC filings

These positions were updated on August 28th 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
Microsoft Corporation
14.25%
156,322
$70,683,000 12.52%
NVIDIA Corp
542.02%
315,810
$39,918,000 7.07%
Eli Lilly
206.44%
39,013
$35,161,000 6.23%
ServiceNow Inc
11.98%
33,878
$25,541,000 4.53%
Advanced Micro Devices Inc.
28.62%
137,883
$21,722,000 3.85%
Intuit Inc
23.67%
31,553
$20,114,000 3.56%
Stellantis Nv
664.81%
929,984
$19,254,000 3.41%
Broadcom Inc
7.33%
10,122
$16,114,000 2.85%
Cyberark
36.63%
60,781
$15,973,000 2.83%
Workday Inc
Opened
71,066
$15,406,000 2.73%
Stryker Corp.
149.91%
42,659
$14,526,000 2.57%
Salesforce.com
Closed
43,441
$13,262,000
Mongo Db
86.38%
53,568
$12,884,000 2.28%
Applied Material
14.12%
54,505
$12,654,000 2.24%
Alcon Inc.
43.72%
139,811
$12,468,000 2.21%
Eaton Corp
1.89%
38,589
$12,166,000 2.16%
Nextracker
9.94%
239,883
$11,176,000 1.98%
Procore Technology
61.07%
174,723
$11,016,000 1.95%
Accenture plc
66.13%
34,923
$10,638,000 1.88%
Synopsys, Inc.
86.66%
17,748
$10,623,000 1.88%
Waste Connections Inc
1.97%
43,516
$10,358,000 1.84%
Vertiv Holdings Co
Opened
117,516
$10,225,000 1.81%
Duolingo, Inc.
11.10%
46,565
$9,494,000 1.68%
Confluent
308.31%
333,083
$9,176,000 1.63%
Alphabet - A
4.01%
46,363
$8,525,000 1.51%
Veeva
Opened
45,033
$8,298,000 1.47%
GitLab Inc.
135.61%
166,574
$8,089,000 1.43%
Micron Technology Inc.
62.55%
54,909
$7,817,000 1.38%
Mastercard Incorporated
142.68%
15,859
$7,174,000 1.27%
Progressive Us
9.54%
28,128
$5,856,000 1.04%
T-Mobile US Inc
27.36%
33,045
$5,826,000 1.03%
Sentinel One
40.36%
288,860
$5,537,000 0.98%
Freeport/mc Moran
No change
110,376
$5,460,000 0.97%
Palo Alto
40.60%
15,500
$5,042,000 0.89%
Thermo Fisher
9.55%
8,963
$5,003,000 0.89%
Quanta Services, Inc.
19.61%
17,545
$4,677,000 0.83%
Wabtec
8.63%
27,942
$4,453,000 0.79%
Qiagen N.V.
Opened
101,488
$4,425,000 0.78%
Intuitive Surgical Inc
28.58%
9,120
$4,036,000 0.72%
Deere
48.00%
10,006
$3,765,000 0.67%
Clean Harbors, Inc.
7.15%
15,935
$3,633,000 0.64%
NextEra Energy Inc
0.28%
47,341
$3,473,000 0.62%
Owens Corning
6.41%
19,430
$3,365,000 0.60%
Xylem Inc
7.16%
24,266
$3,305,000 0.59%
Visa Inc
Closed
10,468
$2,931,000
First Solar Inc
61.87%
10,472
$2,596,000 0.46%
Republic Services, Inc.
11.92%
12,274
$2,382,000 0.42%
Arista Networks Inc
29.61%
7,039
$2,356,000 0.42%
Pure Storage Inc
Opened
36,021
$2,259,000 0.40%
Mastec Inc.
59.39%
20,620
$2,240,000 0.40%
Verisk Analytics Inc
45.81%
8,259
$2,229,000 0.39%
ON Semiconductor Corp.
No change
30,938
$2,109,000 0.37%
Astera Labs Inc
Opened
36,647
$2,038,000 0.36%
Equinix Inc
Closed
2,125
$1,934,000
HubSpot Inc
9.53%
2,988
$1,699,000 0.30%
Acuity Brands, Inc.
0.21%
7,036
$1,687,000 0.30%
Teradata Corp
No change
47,103
$1,598,000 0.28%
American Water Works Co. Inc.
0.22%
10,652
$1,380,000 0.24%
Shoals Technologies
0.27%
146,376
$919,000 0.16%
Oracle Us
Closed
7,535
$847,000
Datadog Inc
No change
6,700
$825,000 0.15%
Aptiv PLC
0.21%
10,550
$713,000 0.13%
Darling Ingredients Inc
0.22%
16,899
$604,000 0.11%
MP Materials Corp.
27.78%
37,180
$468,000 0.08%
WestRock Co
15.25%
8,475
$421,000 0.07%
Ishares Semiconductor
Closed
1,540
$351,000
Alibaba Group
30.00%
3,500
$260,000 0.05%
Invesco China Technology Etf
36.00%
6,400
$220,000 0.04%
Hashicorp
98.05%
6,000
$201,000 0.04%
Invesco Solar Etf
Closed
3,600
$165,000
Amazon.com Inc.
47.06%
450
$87,000 0.02%
Berkshire Hathaway Inc.
No change
200
$82,000 0.01%
Tilray Inc Class 2 Common
Closed
29,500
$50,000
Kingsoft Cloud
Opened
2,500
$7,000 0.00%
No transactions found
Showing first 500 out of 74 holdings