Equal-WT
WhaleScore 2.0
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Standard Investments is based out of New York. Standard Investments is a hedge fund with 11 clients and discretionary assets under management (AUM) of $4,891,304,440 (Form ADV from 2025-03-14). Their last reported 13F filing for Q4 2024 included $1,852,079,982 in managed 13F securities
and a top 10 holdings concentration of 84.16%. Standard Investments's largest holding is Shell Plc with shares held of 5,480,000. Whalewisdom has at least 54 13F filings, 40 13D filings, and 9 13G filings
Business Description
The Firm is an investment advisor registered with the SEC under the Advisers Act. It was formed in February 2009 and is owned by David J. Millstone and David S. Winter. The Firm provides non-discretionary investment advice to Ronsam Management LLC, Alettar LLC, five separately managed accounts (SMAs), and other clients. These clients are collectively referred to as "Non-Discretionary Clients." The Firm also provides occasional investment recommendations to one client, known as the "Advisory Client Relationship."
The Firm's services include conducting research, executing securities trades, and conducting post-trade order activities on a non-discretionary basis. The Firm's due diligence process for Multi-Manager Portfolios focuses on the quality of third-party advisors and their differentiated processes. The Firm reviews offerings and determines if they are beneficial and within the investment guidelines for each Multi-Manager Portfolio. The process of recommending investments for any one of the Multi-Manager Portfolios is subjective, taking into account each client's unique risk/reward profile.
Investment Strategy
The Firm's investment process focuses on identifying opportunities with asymmetric risk/return potential, considering market/trading dynamics. They employ an intensive research-driven approach, including fundamental business analysis, financial analysis, evaluation of potential strategic synergies, and identification of potential catalysts. For WP LLC specifically, the investment process centers on real estate opportunities with a high likelihood of capital appreciation or platform expansion.
The Firm also manages Multi-Manager Portfolios, which invest primarily in Underlying Funds managed by unrelated portfolio managers. The Firm relies on the expertise of these portfolio managers for evaluating proposed investments, but cannot guarantee the accuracy or completeness of the information provided. The Multi-Manager Portfolios do not have an active role in the day-to-day management of the Underlying Funds, and returns depend largely on the performance of these unrelated portfolio managers.
Owners
- ZAUDERER, HOWARD, JUDAH - CHIEF COMPLIANCE OFFICER
- WINTER, DAVID, SCOTT - MEMBER AND MANAGER
- LEIDINGER, ETHAN, HOWE - CHIEF OPERATING OFFICER
- REDDY, TUNDE, JAIN - CHIEF FINANCIAL OFFICER
- MILLSTONE, DAVID, JAMES - MANAGER
- CASSATA, VALENTINA, NMN - GENERAL COUNSEL
- DJM MANAGEMENT HOLDCO LLC - MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| NGG National Grid Plc | 5.68% |
| MSFT Microsoft Corporatio | 5.62% |
| ADBE Adobe Inc. | 4.85% |
| ADSK Autodesk, Inc (CALL) | 2.07% |
| CDW CDW Corp | 0.07% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| WAB Westinghouse Air Bra | 7.46% |
| AMZN Amazon.com Inc | 5.86% |
| ADSK Autodesk, Inc | 3.67% |
| FUN Six Flags Entertainm | 3.15% |
| SUM Summit Materials Inc | 1.84% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SHEL Shell Plc | 18.54% |
| PTC PTC Inc | 11.47% |
| ADSK Autodesk, Inc | 11.41% |
| AMZN Amazon.com Inc | 9.06% |
| CDW CDW Corp | 6.44% |
2024-12-31
13F Activity
| Market Value | $1.85b, Prior: $1.97b |
| Inflows (Outflows) as % of Total MV | (-8.4824)% |
| New Purchases | 4 stocks |
| Added To | 1 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 84.16% |
| Turnover %[1] | 33.33% |
| Turnover Alt %[2] | 19.45% |
| Time Held Top 20 | 6.3333 quarters |
| Time Held Top 10 | 6.7 quarters |
| Time Held All | 7.33 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31