Equal-WT
WhaleScore 2.0
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Blueshift Asset Management is based out of Red Bank. Blueshift Asset Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $492,591,802 (Form ADV from 2024-03-29). Their last reported 13F filing for Q2 2024 included $297,831,468 in managed 13F securities
and a top 10 holdings concentration of 25.94%. Blueshift Asset Management's largest holding is SPDR S&P 500 ETF TRUST with shares held of 40,661. Whalewisdom has at least 23 13F filings
Business Description
Blueshift Asset Management, LLC, a Delaware limited liability company, was founded in September 2017 and began its investment advisory activities on January 8, 2018. Located in Red Bank, New Jersey, Blueshift is led by Mani Mahjouri, who serves as the Chief Executive Officer (CEO), Chief Investment Officer (CIO), and a founder of the company.
Blueshift has broad and flexible investment authority with respect to managing Client Accounts. They may create investment strategies or methods of analysis, or engage in other activities, other than those described in the provided documents. The list of investment activities and risk factors presented is not exhaustive, and investors should refer to the relevant Client’s offering documents for a more complete understanding of that Client’s investment objectives, risks, and strategies.
Investment Strategy
Blueshift employs short-term strategies that trade listed equities long and short. They currently trade U.S. equities, exchange traded funds, American Depositary Receipts, and non-U.S. listed equities via equity-linked swaps and futures for hedging purposes. They may explore trading options, futures, currencies, and/or fixed income in the future, both in cash and derivative form, within a systematic quantitative framework.
Blueshift's investment decisions are systematized using a quantitative investment process that allows them to track thousands of stocks simultaneously. Their signals are derived from specific insights designed to address liquidity dislocations and inefficiencies in how information is assimilated into stock prices. These signals are based on a systematic approach to fundamentals, aiming to identify universal truths that guide the short- and medium-term valuation of securities.
Owners
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Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| IWM iShares Russell 2000 | 7.15% |
| SPY SPDR S&P 500 ETF TRU | 2.58% |
| KMX CarMax Inc. | 1.39% |
| EL Estee Lauder Compani | 1.36% |
| ANF Abercrombie & Fitch | 1.25% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| GAP Gap, Inc. | 2.06% |
| DLTR Dollar Tree Inc. | 1.96% |
| FIVE Five Below Inc | 1.45% |
| LYFT Lyft Inc | 1.42% |
| LUV Southwest Airlines C | 1.41% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU | 7.43% |
| IWM iShares Russell 2000 | 7.15% |
| KMX CarMax Inc. | 1.87% |
| ANF Abercrombie & Fitch | 1.83% |
| TGT Target Corp. | 1.41% |
2024-06-30
13F Activity
| Market Value | $298m, Prior: $193m |
| Inflows (Outflows) as % of Total MV | +26.068% |
| New Purchases | 180 stocks |
| Added To | 91 stocks |
| Sold out of | 124 stocks |
| Reduced holdings in | 49 stocks |
| Top 10 Holdings % | 25.94% |
| Turnover %[1] | 68.31% |
| Turnover Alt %[2] | 30% |
| Time Held Top 20 | 0.6 quarters |
| Time Held Top 10 | 0.7 quarters |
| Time Held All | 2.98 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