Equal-WT
WhaleScore 2.0
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Mangrove Partners IM is based out of Greenwich. Mangrove Partners IM is a hedge fund with 6 clients and discretionary assets under management (AUM) of $2,447,494,952 (Form ADV from 2024-03-28). Their last reported 13F filing for Q2 2024 included $1,303,931,693 in managed 13F securities
and a top 10 holdings concentration of 31.36%. Mangrove Partners IM's largest holding is Jackson Financial Inc with shares held of 691,869. Whalewisdom has at least 48 13F filings, 17 13D filings, 34 13G filings, and 27 Form 4 filings
Business Description
Mangrove Partners is an investment advisor that provides advisory services to clients. They have no legal or disciplinary events to report that would impact the evaluation of a client or prospective client of their advisory business. Mangrove and its employees do not have any relationships or arrangements with any affiliated entities or other financial services companies that pose material conflicts of interest with clients.
Any persons acting on behalf of Mangrove Capital are subject to the supervision and control of Mangrove in connection with any investment advisory activities. Mangrove Capital and Mangrove Capital II, Inc. are registered as an investment adviser in reliance on the Form ADV filed by Mangrove.
Investment Strategy
Mangrove's investment strategy focuses on identifying and exploiting market inefficiencies. They believe that markets tend to overvalue familiar and popular investments while undervaluing those that are less well-known, illiquid, or complex. This leads them to concentrate on a subset of systematically underfollowed investments and inefficient markets.
Mangrove employs a fundamental, bottoms-up analysis to evaluate each investment opportunity. This analysis focuses on understanding the industry, the company's competitive positioning, and its financial performance. They believe that industry dynamics can often overwhelm an otherwise attractive price. Their deep value discipline, combined with their focus on underfollowed securities, gives them an edge in generating positive returns from both long and short investments.
Owners
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| DFS Discover Financial S | 2.7% |
| YY JOYY Inc | 2.37% |
| LBRDK Liberty Broadband Co | 1.32% |
| BLCO Bausch + Lomb Corp | 1.28% |
| RIO Rio Tinto plc (NYSE) | 1.26% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| AGR Avangrid Inc | 2.54% |
| GOOGL Alphabet Inc. Class | 2.13% |
| OI Owens-IL Inc | 1.79% |
| JNPR Juniper Networks Inc | 1.63% |
| CPRI Capri Holdings Ltd ( | 1.28% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| JXN Jackson Financial In | 3.94% |
| AER Aercap Holdings N.V. | 3.75% |
| TEVA Teva Pharmaceutical | 3.44% |
| ACI Albertsons Companies | 3.24% |
| X United States Steel | 3.16% |
2024-06-30
13F Activity
| Market Value | $1.30b, Prior: $1.44b |
| Inflows (Outflows) as % of Total MV | (-7.4722)% |
| New Purchases | 17 stocks |
| Added To | 9 stocks |
| Sold out of | 38 stocks |
| Reduced holdings in | 11 stocks |
| Top 10 Holdings % | 31.36% |
| Turnover %[1] | 30.56% |
| Turnover Alt %[2] | 13.89% |
| Time Held Top 20 | 3.5 quarters |
| Time Held Top 10 | 1.9 quarters |
| Time Held All | 4.65 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