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SCGE MANAGEMENT, L.P.

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MENLO PARK CA Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
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Equal-WT
WhaleScore 1.0 ?

Scge Management is based out of Menlo Park. Scge Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $8,760,548,303 (Form ADV from 2024-05-24). Their last reported 13F filing for Q2 2024 included $5,117,897,124 in managed 13F securities and a top 10 holdings concentration of 89.09%. Scge Management's largest holding is ServiceNow Inc with shares held of 988,000. Whalewisdom has at least 53 13F filings
Business Description
The Adviser, SCGE (LTGP), provides investment advisory services to the Funds pursuant to an investment management agreement. The Adviser focuses on changing circumstances that force investors to reassess the underlying intrinsic value of the business. The Adviser will primarily target short positions in securities when it expects that the securities sold short have the opportunity to decline in value by 25% or more from the time the short sale is initiated. The Adviser manages a total of $8,760,548,303 of client assets, all of which are managed on a discretionary basis. As compensation for investment advisory services rendered to the Funds, the Adviser will be entitled to receive an advisory fee (the "Advisory Fee"), payable quarterly in advance as of the first day of each calendar quarter. The Advisory Fee will be debited from the capital accounts of the Funds.
Investment Strategy
The Main Fund will invest primarily in publicly traded equity securities of companies in the technology, media, and telecommunications (TMT) sectors. In addition to broader TMT, the Main Fund also invests in other sectors, including energy/cleantech, financial technology, information services, and technology-enabled consumer businesses. The Main Fund's investments span from late-stage private companies to public companies. The Main Fund will typically hold 10–20 core long investments in public equity securities and 20-40 short investments, although the number of positions it holds may be outside of these ranges at any time. The Main Fund initiates short positions primarily to generate a positive absolute return and does not seek to manage short-term market volatility. Short positions are primarily short sales of individual securities or small baskets of securities tethered to a unifying theme.
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2024-06-30

Top Buys (13F)

Name % Change
NU Nu Holdings Ltd 1.68%
CPNG Coupang Inc 1.59%
ETN Eaton Corp. (Torbens 0.92%
MU Micron Technology, I 0.84%
LCID Lucid Group Inc 0.26%

2024-06-30

Top Sells (13F)

Name % Change
AMD Advanced Micro Devic 4.81%
SHOP Shopify Inc 1.88%
SQ Block Inc 1.24%
HUBS Hubspot Inc 1.09%
FTNT Fortinet Inc 0.97%

2024-06-30

13F Holdings Summary

Name $ Change
NOW ServiceNow Inc 15.19%
META Meta Platforms Inc 14.02%
MSFT Microsoft Corp 11.18%
NVDA NVIDIA Corp 10.97%
NU Nu Holdings Ltd 9.25%

2024-06-30

13F Activity

Market Value $5.12b, Prior: $5.28b
Inflows (Outflows) as % of Total MV (-9.3495)%
New Purchases 3 stocks
Added To 2 stocks
Sold out of 3 stocks
Reduced holdings in 5 stocks
Top 10 Holdings % 89.09%
Turnover %[1] 27.27%
Turnover Alt %[2] 3.79%
Time Held Top 20 11.5263 quarters
Time Held Top 10 10.3 quarters
Time Held All 12.11 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

Portfolio Performance