Equal-WT
WhaleScore 2.0
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Plustick Management is based out of Charlottesville. Plustick Management is a hedge fund with 3 clients and discretionary assets under management (AUM) of $149,508,587 (Form ADV from 2024-03-26). Their last reported 13F filing for Q4 2024 included $158,873,898 in managed 13F securities
and a top 10 holdings concentration of 80.63%. Plustick Management's largest holding is NextNav Inc with shares held of 2,010,000. Whalewisdom has at least 13 13F filings, and 4 13G filings
Business Description
PlusTick currently provides investment management services and discretionary investment advice to private funds (referred to as "Funds") and separately managed account clients ("SMAs"). They also serve as investment advisors to various advisory clients and/or sub-advisory clients, including SMAs and other private investment funds, collectively known as "Clients."
PlusTick offers a range of advisory services, as indicated by the table of contents which includes items such as Investment Discretion, Voting Client Securities, and Financial Information. Further details about these services can be found in the PlusTick Management LLC Form ADV Part 2A, which is available online at the SEC's Investment Adviser Public Disclosure website or by contacting PlusTick directly.
Investment Strategy
PlusTick's investment strategy focuses on a value approach, targeting securities of distressed, bankrupt entities, and special situations with attractive return profiles. They emphasize long-term holding periods with modest trading activity and employ leverage, options, credit default swaps, and short selling.
PlusTick combines traditional analytical experience with a behavioral-focused approach to security analysis, believing this unique approach provides an edge in evaluating distressed securities. They utilize research and brokerage services obtained through client commissions, which may benefit PlusTick's other investment activities. This could create a conflict of interest as PlusTick may prioritize brokers providing valuable services, even if their commissions are higher.
Owners
- KEEVIL, ADRIAN, AMBROSE CLEMENT - CCO, PARTNER
- HILL, THOMAS, JOHNS - MANAGING PARTNER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| ECG Everus Construction | 5.79% |
| SMCI Super Micro Computer | 4.32% |
| UPWK Upwork Inc | 4.12% |
| NBIS Nebius Group NV | 4.1% |
| INOD Innodata Inc | 4.01% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| TECK Teck Resources Ltd | 8.87% |
| PLTR Palantir Technologie | 6.77% |
| TLN Talen Energy Corp | 4.19% |
| GPCR Structure Therapeuti | 1.5% |
| LCID Lucid Group Inc | 1.34% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| NN NextNav Inc | 19.69% |
| AR Antero Resources Cor | 11.14% |
| APLD Applied Digital Corp | 10.51% |
| INOD Innodata Inc | 8.08% |
| GSAT Globalstar Inc | 7.88% |
2024-12-31
13F Activity
| Market Value | $159m, Prior: $132m |
| Inflows (Outflows) as % of Total MV | (-2.8685)% |
| New Purchases | 6 stocks |
| Added To | 5 stocks |
| Sold out of | 7 stocks |
| Reduced holdings in | 7 stocks |
| Top 10 Holdings % | 80.63% |
| Turnover %[1] | 48.15% |
| Turnover Alt %[2] | 25.4% |
| Time Held Top 20 | 4.5 quarters |
| Time Held Top 10 | 3.5 quarters |
| Time Held All | 4.5 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