Equal-WT
WhaleScore 2.0
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Sessa Capital IM is based out of New York. Sessa Capital IM is a hedge fund with 5 clients and discretionary assets under management (AUM) of $3,617,602,160 (Form ADV from 2024-03-29). Their last reported 13F filing for Q3 2024 included $2,712,899,068 in managed 13F securities
and a top 10 holdings concentration of 78.07%. Sessa Capital IM's largest holding is Abbott Laboratories with shares held of 3,749,502. Whalewisdom has at least 40 13F filings, and 18 Form 4 filings
Business Description
Sessa Capital is a registered investment advisor based in New York, NY. It was originally formed in 2007 as Sissa Capital IM, L.P., became dormant from 2010 to 2012, and was renamed Sessa Capital in 2012. John Petry is the principal owner of the firm.
Sessa Capital provides discretionary investment advisory and management services to several entities: Sessa Capital (Master), L.P., Sessa Capital Special Opportunity Fund II, L.P., and Sessa Capital Special Opportunity Fund III, L.P. (collectively, the "Funds"). Sessa Capital (Master), L.P. is a private pooled investment vehicle organized in a master-feeder structure. The firm also provides limited advisory and management services to Sessa Capital, L.P. and Sessa Capital (International), Ltd., which are the feeder funds in the master-feeder structure. Sessa Capital Special Opportunity Fund II, L.P. and Sessa Capital Special Opportunity Fund III, L.P. are private pooled investment vehicles organized as domestic limited partnerships.
Investment Strategy
Sessa Capital aims to outperform broad equity indices through a flexible and opportunistic approach to constructing a concentrated, long-biased investment portfolio. They typically maintain a gross exposure of 100-200% and a net exposure of 25-80%, though this can vary based on market opportunities and the economic and trading environment. Their strategy focuses on identifying attractive investment opportunities and aggressively seizing them while avoiding less attractive opportunities that lack sufficient long or short-term profitability. This approach leads to a portfolio that may significantly vary over time in exposure and concentration.
Sessa Capital believes long-term outperformance can be achieved by finding opportunities that can exceed 15% of a Fund's net asset value at the time of investment. They also employ short selling strategies, but generally limit concentration in these positions. Their investment strategies may involve engaging with companies to improve shareholder value, but this can be challenging due to potential opposition from management, boards, and other shareholders, as well as intervention from governmental agencies.
Owners
- SESSA CAPITAL IM GP, LLC - GENERAL PARTNER
- PETRY, JOHN, ERIC - SOLE LIMITED PARTNER, SOLE MEMBER AND MANAGER OF SESSA CAPITAL IM GP, LLC
- ANDRADE, SERGIO, OLIVEIRA - CHIEF FINANCIAL OFFICER
- HONG, JAE - CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, AND PRESIDENT Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| ABT Abbott Laboratories | 7.72% |
| WBD Warner Bros.Discover | 3.5% |
| SIRI Sirius XM Holdings I | 2.87% |
| UHS Universal Health Ser (CALL) | 2.8% |
| SHC Sotera Health Co | 2.33% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| TSLA Tesla Inc (PUT) | 18.9% |
| K Kellanova Co | 9.46% |
| ALB Albemarle Corp (PUT) | 1.74% |
| LIT Global X Lithium & B (PUT) | 1.65% |
| ZBRA Zebra Technologies C | 0.52% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| ABT Abbott Laboratories | 15.76% |
| DFS Discover Financial S | 12.71% |
| CCK Crown Holdings, Inc. | 10.75% |
| WBD Warner Bros.Discover | 8.64% |
| EQH Equitable Holdings I | 6.25% |
2024-09-30
13F Activity
| Market Value | $2.71b, Prior: $3.30b |
| Inflows (Outflows) as % of Total MV | (-28.261)% |
| New Purchases | 6 stocks |
| Added To | 6 stocks |
| Sold out of | 5 stocks |
| Reduced holdings in | 10 stocks |
| Top 10 Holdings % | 78.07% |
| Turnover %[1] | 30.56% |
| Turnover Alt %[2] | 16.89% |
| Time Held Top 20 | 5.2 quarters |
| Time Held Top 10 | 5.2 quarters |
| Time Held All | 5.16 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.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30