Equal-WT
WhaleScore 2.0
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Birinyi Associates is based out of Westport. Birinyi Associates is a hedge fund with 86 clients and discretionary assets under management (AUM) of $347,038,680 (Form ADV from 2024-01-04). Their last reported 13F filing for Q2 2024 included $333,925,949 in managed 13F securities
and a top 10 holdings concentration of 74.26%. Birinyi Associates's largest holding is Apple Inc with shares held of 355,820. Whalewisdom has at least 97 13F filings
Business Description
Birinyi Associates provides investment advisory services to a range of unaffiliated investors through separate accounts. Each separate account is a contractual arrangement between Birinyi and its clients, where Birinyi monitors the client's portfolio and directs a custodian to buy or sell securities on the client's behalf. Investors in separate accounts may establish investment guidelines and restrictions.
Birinyi also provides impersonalized investment advice through newsletters, a Mini-Institutional service, and an institutional research service to subscribers who meet the subscription cost requirement. The firm generally requires a minimum of $2,000,000 in client assets for discretionary investment advisory authority, though exceptions may be made.
Investment Strategy
The investment approach combines top-down and bottom-up analysis to determine overall exposure, sector bias, and investment ideas. The process combines money flow, technical, and fundamental analysis to determine the most attractive investment opportunities with no preconceived sector or market capitalization bias.
The investment objective is to achieve high positive returns with limited correlation to equity or fixed income markets. This is achieved by investing in securities where the prevailing stock price inaccurately reflects the real value of the security. The primary method of realizing value from these mispricings is through taking long positions in publicly-traded U.S. equity securities across the capitalization spectrum.
Owners
(Subscription Required)
2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| C Citigroup, Inc. | 1.33% |
| TXRH Texas Roadhouse Inc, | 0.78% |
| SPOT Spotify Technology S | 0.75% |
| LLY Lilly (Eli) & Co. | 0.62% |
| WMT Walmart Inc | 0.14% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| MA Mastercard Inc | 1.27% |
| UNH UnitedHealth Group I | 0.72% |
| COST Costco Co. | 0.68% |
| UBER Uber Technologies In | 0.63% |
| SPY SPDR S&P 500 ETF TRU | 0.57% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| AAPL Apple Inc | 22.44% |
| SPY SPDR S&P 500 ETF TRU | 10.76% |
| GOOGL Alphabet Inc. Class | 8.91% |
| AMZN Amazon.com Inc. | 8.77% |
| MA Mastercard Inc | 6.42% |
2024-06-30
13F Activity
| Market Value | $334m, Prior: $307m |
| Inflows (Outflows) as % of Total MV | (-0.6453)% |
| New Purchases | 4 stocks |
| Added To | 12 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 24 stocks |
| Top 10 Holdings % | 74.26% |
| Turnover %[1] | 11.67% |
| Turnover Alt %[2] | 4.14% |
| Time Held Top 20 | 30.75 quarters |
| Time Held Top 10 | 37 quarters |
| Time Held All | 39.86 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.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30