Equal-WT
WhaleScore 2.0
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Contour Asset Management is based out of New York. Contour Asset Management is a hedge fund with 7 clients and discretionary assets under management (AUM) of $4,760,959,259 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $2,960,944,490 in managed 13F securities
and a top 10 holdings concentration of 57.1%. Contour Asset Management's largest holding is Oracle Corp with shares held of 1,978,710. Whalewisdom has at least 63 13F filings, and 7 13G filings
Business Description
Contour Asset Management LLC is an advisory firm that provides investment management services. They offer discretionary investment management services to managed accounts and other investment partnerships or funds. Contour may also provide other services in the future, but the Funds in the Brummer group will not receive any benefit from the fees or profits derived from such services.
Contour may invest in or engage in transactions with issuers of securities that may be suitable investments for the Funds. Employees of Brummer may possess information relating to such issuers that is not known to Contour or its affiliates that are responsible for making investment decisions or monitoring the Funds’ investments and performing other obligations. Those employees of Brummer will not be obligated to share any such information with Contour or its affiliates and may be prohibited by law or regulation from doing so.
Investment Strategy
Contour's investment objective is to achieve attractive risk-adjusted returns by leveraging industry expertise and disciplined portfolio management. They aim to generate higher returns than comparable broad market indices with less risk. To achieve this, they employ long and short investments in equities and derivatives, focusing on the TMT sectors. They utilize research from third parties, consult with financial, legal, and business professionals for investment advice, and leverage their own historical understanding of the industry and investment analysis.
Contour's research process includes both industry-level analysis and company-specific research. They analyze market forecasts, company market share shifts, attend industry tradeshows and conferences, and assess the efficacy of management regarding long-term strategy and shareholder value creation. They aim to construct a diversified portfolio consisting of companies with substantial exposure to each of their targeted strategies, reducing fundamental style bias. Their portfolio construction involves a rigorous stock selection process and risk management structure, aiming for a portfolio relatively uncorrelated to the market with substantially lower risk.
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 |
|---|---|
| T AT&T Inc. (Southwest | 7.08% |
| AAPL Apple Inc | 3.89% |
| ADSK Autodesk, Inc. | 3.32% |
| GOOGL Alphabet Inc. Class | 2.4% |
| SHOP Shopify Inc | 2.36% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| CRM Salesforce.com Inc. | 5.15% |
| PINS Pinterest Inc | 2.21% |
| MSFT Microsoft Corp. | 1.99% |
| TSM Taiwan Semiconductor | 1.91% |
| SMTC Semtech Corp | 1.57% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| ORCL Oracle Corp | 9.44% |
| TRMB Trimble Navigation L | 7.55% |
| T AT&T Inc. (Southwest | 7.08% |
| AMZN Amazon.com Inc. | 6.15% |
| SQ Block Inc. | 5.53% |
2024-06-30
13F Activity
| Market Value | $2.96b, Prior: $2.56b |
| Inflows (Outflows) as % of Total MV | (-3.9476)% |
| New Purchases | 9 stocks |
| Added To | 10 stocks |
| Sold out of | 7 stocks |
| Reduced holdings in | 10 stocks |
| Top 10 Holdings % | 57.1% |
| Turnover %[1] | 44.44% |
| Turnover Alt %[2] | 27% |
| Time Held Top 20 | 4.3 quarters |
| Time Held Top 10 | 2.5 quarters |
| Time Held All | 5.03 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
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2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30