Equal-WT
WhaleScore 2.0
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Foxhaven Asset Management is based out of Charlottesville. Foxhaven Asset Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $5,606,919,722 (Form ADV from 2024-03-27). Their last reported 13F filing for Q2 2024 included $3,569,873,442 in managed 13F securities
and a top 10 holdings concentration of 78.2%. Foxhaven Asset Management's largest holding is Amazon.com Inc. with shares held of 2,048,242. Whalewisdom has at least 43 13F filings, and 14 13G filings
Business Description
Foxhaven is a limited partnership established in Delaware to provide investment management services to various pooled investment vehicles. Founded in April 2013, it is owned and controlled by Michael Pausic and Nicholas Lawler, who lead the investment activities alongside other professionals. These individuals, including officers, partners, employees, and those providing investment advice under Foxhaven's supervision, are collectively referred to as "Employees."
Foxhaven's investment strategy is supported by research services provided by broker-dealers, which encompass a wide range of information, including economic analysis, industry insights, company data, statistical information, and legal developments. These services are delivered through written reports, phone calls, personal meetings, and access to computer-generated data and software. In some instances, research services generated by third parties may be provided to Foxhaven through broker-dealers.
Investment Strategy
The investment objective of the Funds is to achieve superior risk-adjusted absolute returns over a horizon of three or more years. This is accomplished by investing all or substantially all of their assets in, or in parallel with, the master fund. The master fund intends to pursue a fundamental long-short equity strategy with a global focus on the TMT, consumer and industrials sectors.
Foxhaven deploys capital to individual investment opportunities that it believes offer the highest returns relative to risk, regardless of index weightings, market capitalization or style orientations. This includes selling securities short in order to generate absolute returns and hedge the Foxhaven portfolio. Foxhaven's investment strategy is driven by fundamental, bottoms-up research, which includes meeting with company management, speaking with customers, competitors and suppliers, consultation with industry experts and reading publicly available information and financial filings.
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 |
|---|---|
| MELI MercadoLibre Inc | 2.35% |
| TEAM Atlassian Corp Plc | 1.7% |
| GOOG Alphabet Inc. Class | 1.58% |
| AMZN Amazon.com Inc. | 1.55% |
| DUOL Duolingo Inc | 0.23% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| INTU Intuit, Inc. | 3.43% |
| RCI Rogers Communication | 2.91% |
| FOUR Shift4 Payments, Inc | 1.57% |
| YOU Clear Secure Inc | 1.52% |
| LLYVK Liberty Media Corp. | 0.45% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| AMZN Amazon.com Inc. | 11.09% |
| MELI MercadoLibre Inc | 10.37% |
| HLT Hilton Worldwide Hol | 9.1% |
| MSFT Microsoft Corp. | 7.76% |
| FERG Ferguson Enterprises | 7.58% |
2024-06-30
13F Activity
| Market Value | $3.57b, Prior: $3.71b |
| Inflows (Outflows) as % of Total MV | (-5.1386)% |
| New Purchases | 0 stocks |
| Added To | 7 stocks |
| Sold out of | 6 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | 78.2% |
| Turnover %[1] | 24% |
| Turnover Alt %[2] | 5.09% |
| Time Held Top 20 | 10.2632 quarters |
| Time Held Top 10 | 9.8 quarters |
| Time Held All | 12.26 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