Kailix Advisors 13F annual report

Kailix Advisors is an investment fund managing more than $159 billion ran by Manish Mittal. There are currently 6 companies in Mr. Mittal’s portfolio. The largest investments include New Fortress and Constellium SE, together worth $79.8 billion.

$159 billion Assets Under Management (AUM)

As of 26th July 2024, Kailix Advisors’s top holding is 2,203,824 shares of New Fortress currently worth over $50.6 billion and making up 31.8% of the portfolio value. Relative to the number of outstanding shares of New Fortress, Kailix Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 1,446,645 shares of Constellium SE worth $29.2 billion, whose value fell 13.3% in the past six months. The third-largest holding is Transocean Ltd worth $23.3 billion and the next is Wesco International worth $22.9 billion, with 127,334 shares owned.

Currently, Kailix Advisors's portfolio is worth at least $159 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 Kailix Advisors

The Kailix Advisors office and employees reside in Fort Lauderdale, Florida. According to the last 13-F report filed with the SEC, Manish Mittal serves as the Chief Compliance Officer at Kailix Advisors.

Recent trades

In the most recent 13F filing, Kailix Advisors revealed that it had opened a new position in Wesco International and bought 127,334 shares worth $22.9 billion. This means they effectively own approximately 0.1% of the company. Wesco International makes up 68.5% of the fund's Industrials sector allocation and has decreased its share price by 11.5% in the past year.

The investment fund also strengthened its position in New Fortress by buying 234,371 additional shares. This makes their stake in New Fortress total 2,203,824 shares worth $50.6 billion. New Fortress dropped 30.3% in the past year.

On the other hand, there are companies that Kailix Advisors is getting rid of from its portfolio. Kailix Advisors closed its position in Teck Resources Ltd on 2nd August 2024. It sold the previously owned 542,190 shares for $24.8 billion.

One of the smallest hedge funds

The two most similar investment funds to Kailix Advisors are Cetera Trust , N.a and Kpcb Dgf Ii Associates. They manage $159 billion and $159 billion respectively.

Manish Mittal investment strategy

Kailix Advisors’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Materials — making up 32.5% of the total portfolio value. The fund focuses on investments in the United States as 66.7% 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 17% 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 $4.54 billion.

The complete list of Kailix Advisors trades based on 13F SEC filings

These positions were updated on August 2nd 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
New Fortress Energy LLC	11.90% 2,203,824	$50,621,837,000	31.84%
Constellium SE	40.04% 1,446,645	$29,222,229,000	18.38%
Teck Resources Ltd	Closed 542,190	$24,821,458,000
Transocean Ltd	78.86% 4,139,392	$23,346,171,000	14.68%
Wesco International, Inc.	Opened 127,334	$22,887,013,000	14.39%
Green Plains Inc	39.81% 1,343,269	$22,405,727,000	14.09%
Phinia Inc	Closed 512,895	$19,710,555,000
XPO Inc	Opened 98,147	$10,513,507,000	6.61%
Antero Resources Corp	Closed 229,215	$6,647,235,000
No transactions found
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