Highbridge Capital Management 13F annual report
Highbridge Capital Management is an investment fund managing more than $394 billion ran by Kirk Rule. There are currently 42 companies in Mr. Rule’s portfolio. The largest investments include Liberty Broadband Corp and Hess, together worth $124 billion.
$394 billion Assets Under Management (AUM)
As of 5th August 2024, Highbridge Capital Management’s top holding is 1,127,951 shares of Liberty Broadband Corp currently worth over $61.8 billion and making up 15.7% of the portfolio value.
Relative to the number of outstanding shares of Liberty Broadband Corp, Highbridge Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 418,918 shares of Hess worth $61.8 billion, whose value fell 6.3% in the past six months.
The third-largest holding is NextEra Inc worth $39.6 billion and the next is Liberty Media worth $40.5 billion, with 944,303 shares owned.
Currently, Highbridge Capital Management's portfolio is worth at least $394 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 Highbridge Capital Management
The Highbridge Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Kirk Rule serves as the Executive Director at Highbridge Capital Management.
Recent trades
In the most recent 13F filing, Highbridge Capital Management revealed that it had opened a new position in
NextEra Inc and bought 800,000 shares worth $39.6 billion.
This means they effectively own approximately 0.1% of the company.
NextEra Inc makes up
92.7%
of the fund's Utilities sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Liberty Broadband Corp by buying
210,404 additional shares.
This makes their stake in Liberty Broadband Corp total 1,127,951 shares worth $61.8 billion.
Liberty Broadband Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Highbridge Capital Management is getting rid of from its portfolio.
Highbridge Capital Management closed its position in Brookdale Sr Living Inc on 12th August 2024.
It sold the previously owned 243,913 shares for $20.4 billion.
Kirk Rule also disclosed a decreased stake in Star Hldgs by approximately 0.1%.
This leaves the value of the investment at $6.95 billion and 576,236 shares.
One of the smaller hedge funds
The two most similar investment funds to Highbridge Capital Management are Yorkbridge Wealth Partners and Lionstone Capital Management. They manage $394 billion and $395 billion respectively.
Kirk Rule investment strategy
Highbridge Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Communication Services — making up 27.6% of
the total portfolio value.
The fund focuses on investments in the United States as
45.2% 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
21% 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 $24.9 billion.
The complete list of Highbridge Capital Management 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 |
|---|---|---|---|
| Liberty Broadband Corp |
22.93%
1,127,951
|
$61,834,274,000 | 15.69% |
| Hess Corporation |
1,296.39%
418,918
|
$61,798,783,000 | 15.68% |
| NextEra Energy Inc |
Opened
800,000
|
$39,592,000,000 | 10.04% |
| Liberty Media Corp. |
8.39%
944,303
|
$40,505,077,000 | 10.27% |
| Amedisys Inc. |
43.61%
323,200
|
$29,669,760,000 | 7.53% |
| Nuvei Corporation |
Opened
770,710
|
$24,955,590,000 | 6.33% |
| Hashicorp Inc |
Opened
630,114
|
$21,228,541,000 | 5.38% |
| Brookdale Sr Living Inc |
Closed
243,913
|
$20,386,249,000 | |
| Equitrans Midstream Corporation |
Opened
1,557,106
|
$20,211,236,000 | 5.13% |
| Olink Hldg Ab |
Opened
567,711
|
$14,465,276,000 | 3.67% |
| Brightspring Health Svcs Inc |
Opened
302,705
|
$14,248,324,000 | 3.61% |
| Capri Holdings Limited |
81.82%
300,000
|
$9,924,000,000 | 2.52% |
| Splunk Inc |
Closed
62,500
|
$9,521,875,000 | |
| IAC Inc |
1,191.63%
165,329
|
$7,745,664,000 | 1.96% |
| Star Hldgs |
3.85%
576,236
|
$6,949,406,000 | 1.76% |
| Immunogen, Inc. |
Closed
200,000
|
$5,930,000,000 | |
| Hhl Acquisition Co |
Closed
500,000
|
$5,390,000,000 | |
| Tilray Brands Inc |
Opened
2,983,900
|
$4,953,274,000 | 1.26% |
| Atlanta Braves Holdings Inc |
8.25%
118,925
|
$4,690,402,000 | 1.19% |
| Granite Constr Inc |
Opened
72,824
|
$4,512,903,000 | 1.14% |
| Heico Corp. |
Opened
25,392
|
$4,507,588,000 | 1.14% |
| Reneo Pharmaceuticals Inc |
159.91%
2,915,376
|
$4,402,218,000 | 1.12% |
| NextEra Energy Inc |
85.60%
44,000
|
$3,115,640,000 | 0.79% |
| Theseus Pharmaceuticals Inc |
Closed
616,860
|
$2,498,283,000 | |
| Cactus Acquisition Corp 1 Lt |
No change
199,900
|
$2,264,867,000 | 0.57% |
| Ib Acquisition Corp |
Opened
199,971
|
$1,994,711,000 | 0.51% |
| Theravance Biopharma Inc |
Closed
166,234
|
$1,868,470,000 | |
| Liberty Media Corp. |
Opened
46,171
|
$1,731,874,000 | 0.44% |
| Matinas Biopharma Holdings Inc |
Opened
10,644,331
|
$1,684,998,000 | 0.43% |
| Velo3d Inc |
Closed
4,177,476
|
$1,660,964,000 | |
| Perceptive Cap Solutions Cor |
Opened
149,868
|
$1,507,672,000 | 0.38% |
| Consolidated Comm Hldgs Inc |
Closed
308,785
|
$1,343,215,000 | |
| Genelux Corporation |
Opened
631,307
|
$1,231,049,000 | 0.31% |
| Trisalus Life Sciences Inc |
Opened
214,545
|
$1,184,288,000 | 0.30% |
| Logistic Properties Of The A |
Opened
112,500
|
$1,181,250,000 | 0.30% |
| Esperion Therapeutics Inc Ne |
14.68%
254,265
|
$564,468,000 | 0.14% |
| Gossamer Bio, Inc. |
54.39%
597,694
|
$538,463,000 | 0.14% |
| Gorilla Technology Group Inc |
Opened
173,289
|
$480,011,000 | 0.12% |
| Global Lights Acquisition Co |
Closed
802,757
|
$128,521,000 | |
| Electra Battery Materials Co |
Opened
276,039
|
$119,021,000 | 0.03% |
| Sirius XM Holdings Inc |
96.89%
37,600
|
$106,408,000 | 0.03% |
| Churchill Capital Corp Ix |
Opened
10,000
|
$100,200,000 | 0.03% |
| Cannae Holdings Inc |
Opened
5,000
|
$90,700,000 | 0.02% |
| Hawaiian Holdings, Inc. |
Opened
5,000
|
$62,150,000 | 0.02% |
| Marathon Oil Corporation |
Opened
1,000
|
$28,670,000 | 0.01% |
| Calidi Biotherapeutics Inc |
Opened
62,500
|
$12,500,000 | 0.00% |
| Thunder Pwr Hldgs Inc |
Opened
6,367
|
$10,506,000 | 0.00% |
| Sandridge Energy Inc |
No change
575
|
$7,435,000 | 0.00% |
| Stericycle Inc. |
Opened
100
|
$5,813,000 | 0.00% |
| United States Stl Corp New |
99.00%
100
|
$3,780,000 | 0.00% |
| Lotus Technology Inc |
Opened
100
|
$662,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 51 holdings | |||
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