DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
NEW YORK NY
Investment Advisor
Hedge Fund
Davidson Kempner Capital Management is based out of New York. Davidson Kempner Capital Management is a hedge fund with 71 clients and discretionary assets under management (AUM) of $44,651,158,287 (Form ADV from 2024-11-04). Their last reported 13F filing for Q4 2024 included $4,355,967,910 in managed 13F securities
and a top 10 holdings concentration of 27.22%. Davidson Kempner Capital Management's largest holding is PINDUODUO INC NOTE 12/0 with shares held of 170,000,000. Whalewisdom has at least 577 13F filings, 59 13D filings, 308 13G filings, and 7 Form 4 filings The firm last filed a Form D notice of exempt offering of securities on 2023-06-14. The filing was for a pooled investment fund: hedge fund The notice included securities offered of Equity,Pooled Investment Fund Interests
Business Description
The Adviser engages in commission sharing agreements where Clients pay a broker-dealer for trade execution, and the Adviser requests the broker-dealer to allocate a portion of the commissions to third-party providers of research or other products/services. In the last fiscal year, the Adviser acquired research and related products/services from brokers, including written information and analysis concerning specific securities, companies, or sectors; market, financial, and economic studies and forecasts; discussions with research and industry personnel; and financial and industry publications.
The Adviser may give advice or take action with respect to the investments of one or more Clients that may not be given or taken with respect to other Clients with similar investment programs, objectives, and strategies. Client accounts with similar strategies may not hold the same securities or instruments or achieve the same performance. The Adviser also may advise Clients with conflicting programs, objectives or strategies, and the Adviser and its personnel may have conflicts in allocating their time and services among the Clients.
Investment Strategy
The Adviser employs various investment strategies, including global credit with a focus on relative value, mergers and acquisitions (or "risk") arbitrage, long/short equity, and convertible arbitrage. Investment decisions are tailored to align with the specific investment objectives and guidelines outlined in the offering memorandum and governing documents of each Client. The Adviser allocates investment opportunities to Clients based on their investment objectives, and multiple Clients may utilize similar strategies.
The long/short equity strategy involves taking long positions in undervalued assets and short positions in overvalued assets. The convertible arbitrage strategy includes traditional convertible bond arbitrage and opportunistic relative value volatility trades. Additionally, the Special Opportunities Funds and DK Merchant Co-Invest Fund focus on distressed opportunities, investing in assets also purchased by other funds after those funds have received their appropriate allocations.
Owners
- DKCM GP LLC - GENERAL PARTNER OF DAVIDSON KEMPNER CAPITAL MANAGEMENT LP
- EPSTEIN, ERIC, PHILIP - LIMITED PURPOSE PARTNER
- BASTABLE, CONOR, (NMN) - PARTNER; DEPUTY CHIEF INVESTMENT OFFICER
- MCMILLAN, ALEXANDER, HOWE - CHIEF COMPLIANCE OFFICER
- YOSELOFF, ANTHONY, ALEXANDER - MANAGING PARTNER; CHIEF INVESTMENT OFFICER
- ALTSCHULER, ZACHARY, ZOLL - PARTNER
- DENNIS, PATRICK, WALSH - CO-DEPUTY MANAGING PARTNER
- BLACKWELL, MORGAN, PETER - PARTNER
- HURWITZ, JEFFREY, FRANKLIN - PARTNER
- SCHWARTZ, GABRIEL, THOMAS - CO-DEPUTY MANAGING PARTNER
- LEVINE, MELANIE, B - PARTNER
- GIBBONS, SUZANNE, KATHERINE - PARTNER
- LEVIANT, SHULAMIT, (NMN) - PARTNER AND GENERAL COUNSEL
- CHIARAMONTE, MICHAEL - PARTNER
- LI, JAMES, MEISHENG - PARTNER; PRESIDENT
- FELDMAN, GREGORY, SEAN - PARTNER
- TAN, ANDREW, WEN YI - PARTNER
- Gohel, Sona, D - PARTNER; CHIEF OPERATING OFFICER
- MORRIS, JOSHUA, DAVID - PARTNER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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Confidential Treatment - This manager has
obtained confidential treatment for one or more investments in
the most recent 13F filing.
2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| DEBT-UBER UBER TECHNOLOGIES IN (PRN) | 1.89% |
| AMZN Amazon.com Inc | 1.86% |
| DEBT-WEST WESTERN DIGITAL CORP (PRN) | 1.67% |
| ASML ASML Holding NV | 1.51% |
| SMAR Smartsheet Inc | 1.38% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| CTLT Catalent Inc | 5.94% |
| TECK Teck Resources Ltd | 1.81% |
| TMUS T-Mobile US Inc | 1.68% |
| DEBT-MARA MARATHON DIGITAL HOL (PRN) | 1.67% |
| DEBT-MANN MANNKIND CORP NOTE 2 (PRN) | 1% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| DEBT-PIND PINDUODUO INC NOTE 1(PRN) | 3.74% |
| DEBT-FRES FRESHPET INC NOTE 3.(PRN) | 3.56% |
| ARKO Arko Corp | 3.5% |
| PLYA Playa Hotels & Resor | 3.45% |
| DEBT-RIVI RIVIAN AUTOMOTIVE IN(PRN) | 2.55% |
Confidential Treatment - Holdings omitted in latest filing.
2024-12-31
13F Activity
| Market Value | $4.36b, Prior: $3.97b |
| Inflows (Outflows) as % of Total MV | +6.32% |
| New Purchases | 57 stocks |
| Added To | 40 stocks |
| Sold out of | 77 stocks |
| Reduced holdings in | 24 stocks |
| Top 10 Holdings % | 27.22% |
| Turnover %[1] | 50.76% |
| Turnover Alt %[2] | 27.18% |
| Time Held Top 20 | 3.25 quarters |
| Time Held Top 10 | 2.9 quarters |
| Time Held All | 6.1 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