Equal-WT
WhaleScore 2.0
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INVENOMIC CAPITAL MANAGEMENT LP
BOSTON MA
Investment Advisor
Hedge Fund
Invenomic Capital Management is based out of Boston. Invenomic Capital Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $3,711,974,955 (Form ADV from 2024-03-22). Their last reported 13F filing for Q2 2024 included $2,054,716,985 in managed 13F securities
and a top 10 holdings concentration of 26.45%. Invenomic Capital Management's largest holding is SPDR S&P 500 ETF TRUST with shares held of 250,000. Whalewisdom has at least 19 13F filings, and 9 13G filings
Business Description
Invenomic Capital Management LP is an investment advisor that provides investment advisory services to clients. Their brochure, which was last updated in March 2023, outlines their business practices and qualifications. The brochure covers various topics, including brokerage practices, review of accounts, client referrals, custody, investment discretion, voting client securities, financial information, and advisory business.
The brochure also mentions that Invenomic uses soft dollars to obtain brokerage or research products and services. While they believe their clients benefit overall from these products and services, they acknowledge that not all clients may benefit equally.
Investment Strategy
Invenomic aims to provide long-term capital appreciation for the Funds. They achieve this by primarily investing in both long and short positions in equity securities traded in the United States markets. Invenomic also occasionally invests in high yield debt obligations and related instruments.
Invenomic seeks to identify undervalued and timely long positions where the return potential justifies the risk. They also aim to identify overvalued short positions that offer a positive return profile while reducing overall portfolio risk. Invenomic evaluates both long and short positions based on multiple characteristics before including them in a Fund's portfolio. They establish price targets for each position, which are frequently updated, and monitor these targets to determine when to sell or cover a position.
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 |
|---|---|
| SPY SPDR S&P 500 ETF TRU (PUT) | 6.62% |
| SOLV Solventum Corp | 2.12% |
| APTV Aptiv PLC | 1.3% |
| NEM Newmont Mining Corp. | 1.16% |
| NTR Nutrien Ltd | 1.03% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| ADM Archer-Daniels-Midla | 2.02% |
| MMM 3M Co. (Minnesota Mi | 1.86% |
| CAG ConAgra Brands Inc | 1.34% |
| WEX WEX, Inc. | 1.23% |
| SMAR Smartsheet Inc | 1.17% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| SPY SPDR S&P 500 ETF TRU(PUT) | 6.62% |
| ES Eversource Energy (W | 2.69% |
| CHRD Chord Energy Corp | 2.33% |
| GPN Global Payments Inc. | 2.24% |
| T AT&T Inc. (Southwest | 2.24% |
2024-06-30
13F Activity
| Market Value | $2.05b, Prior: $1.88b |
| Inflows (Outflows) as % of Total MV | +14.0433% |
| New Purchases | 45 stocks |
| Added To | 56 stocks |
| Sold out of | 32 stocks |
| Reduced holdings in | 57 stocks |
| Top 10 Holdings % | 26.45% |
| Turnover %[1] | 40.53% |
| Turnover Alt %[2] | 23.79% |
| Time Held Top 20 | 2.45 quarters |
| Time Held Top 10 | 1.9 quarters |
| Time Held All | 3.05 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