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ADAGE CAPITAL PARTNERS GP, L.L.C.

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BOSTON MA Hedge Fund Investment Advisor Activist Investor
13F Summary
Adage Capital Partners GP is based out of Boston. Adage Capital Partners GP is a hedge fund with 1 clients and discretionary assets under management (AUM) of $51,963,689,430 (Form ADV from 2024-09-25). Their last reported 13F filing for Q4 2024 included $57,186,197,750 in managed 13F securities and a top 10 holdings concentration of 31.76%. Adage Capital Partners GP's largest holding is Apple Inc with shares held of 13,919,179. Whalewisdom has at least 103 13F filings, 27 13D filings, 1085 13G filings, and 47 Form 4 filings
Business Description
Adage Capital Management, L.P. (ACM) was founded in 2001 by Bob Atchinson and Phill Gross, who are the managing directors and principal owners. ACM, along with its affiliates Adage Capital Services, LLC and Adage Capital Partners GP, L.L.C., provides investment advisory services exclusively to Adage Capital Partners, L.P. (ACP), a private investment fund. ACM does not manage any separate accounts. ACM manages ACP primarily through industry-specific portfolios overseen by analyst/portfolio manager teams or individuals. Their focus is on stock selection based on intra-industry fundamental analysis. ACM utilizes leverage, short selling, derivatives, U.S. and non-U.S. equity and equity-related securities, other financial instruments, and private securities. Additionally, ACM may utilize analysts with different methodologies, such as risk arbitrage and event-driven opportunities. All limited partners in ACP share in gains and losses proportionally to their investment.
Investment Strategy
ACP's primary investment strategy is to invest in undervalued securities. This strategy aims to achieve above-average capital appreciation but carries a degree of financial risk that could result in substantial losses. The identification of undervalued securities is a challenging task, and there is no guarantee that such opportunities will be successfully recognized or acquired. ACP's investment program emphasizes active management and substantial portfolio turnover. This approach leads to higher brokerage commissions and transaction expenses compared to other investment entities of comparable size, ultimately reducing ACP's net returns. Additionally, the high turnover rate generates significant short-term capital gains, making ACP a less tax-efficient investment vehicle.
Owners
  • ADAGE CAPITAL ADVISORS, LLC - MEMBER OF ADAGE CAPITAL PARTNERS GP, L.L.C.
  • ADAGE CAPITAL PARTNERS, L.L.C. - GENERAL PARTNER
  • LEHAN, DANIEL, JOSEPH - CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER, LIMITED PARTNER
  • BARDINELLI, JAMES, ANTHONY - CHIEF FINANCIAL OFFICER, LIMITED PARTNER
  • GREALISH, MICHAEL, JOSEPH - EQUITY ANALYST, LIMITED PARTNER
  • GROSS, PHILLIP, THOMAS - MANAGING DIRECTOR, LIMITED PARTNER
  • ATCHINSON, ROBERT, GEORGE - MANAGING DIRECTOR, LIMITED PARTNER
  • HILER, KURT, JAY - EQUITY ANALYST, LIMITED PARTNER
  • 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
AVGO Broadcom Inc 0.43%
COP Conoco Phillips 0.38%
BMY Bristol-Myers Squibb 0.36%
WCC WESCO International, 0.31%
GILD Gilead Sciences Inc 0.28%

2024-12-31

Top Sells (13F)

Name % Change
MRO Marathon Oil Corpora 0.39%
MMM 3M Co. 0.31%
LLY Lilly(Eli) & Co 0.31%
REGN Regeneron Pharmaceut 0.26%
XOM Exxon Mobil Corp. 0.24%

2024-12-31

13F Holdings Summary

Name $ Change
AAPL Apple Inc 6.1%
NVDA NVIDIA Corp 5.42%
MSFT Microsoft Corporatio 5.22%
AMZN Amazon.com Inc 3.42%
HES Hess Corporation 2.66%

2024-12-31

13F Activity

Market Value $57.2b, Prior: $56.6b
Inflows (Outflows) as % of Total MV (-0.7711)%
New Purchases 143 stocks
Added To 294 stocks
Sold out of 138 stocks
Reduced holdings in 385 stocks
Top 10 Holdings % 31.76%
Turnover %[1] 27.9%
Turnover Alt %[2] 12.22%
Time Held Top 20 22.15 quarters
Time Held Top 10 20.3 quarters
Time Held All 20.91 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

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance