Equal-WT
WhaleScore 2.0
?
TIG Advisors is based out of New York. TIG Advisors is a hedge fund with 10 clients and discretionary assets under management (AUM) of $2,662,950,189 (Form ADV from 2025-01-17). Their last reported 13F filing for Q3 2024 included $1,543,107,966 in managed 13F securities
and a top 10 holdings concentration of 63.64%. TIG Advisors's largest holding is Endeavor Group Holdings, Inc with shares held of 4,924,645. Whalewisdom has at least 78 13F filings, 1 13D filings, and 21 13G filings
Business Description
The Adviser is an investment adviser with its principal place of business in New York, New York. The Adviser commenced operations as an investment adviser on January 1, 2006 and has been registered with the SEC since such date. The Adviser is wholly owned by TIG Trinity Management, LLC. The Adviser has adopted and implemented policies and procedures intended to address conflicts of interest relating to the management of multiple accounts, including accounts with multiple fee arrangements, and the allocation of investment opportunities. The Adviser reviews investment decisions for the purpose of ensuring that all accounts with substantially similar investment objectives are treated equitably. The performance of similarly managed accounts is also regularly compared to determine whether there are any unexplained significant discrepancies.
The Adviser provides investment advisory services on a discretionary basis to Private Funds intended for institutional investors and other sophisticated investors and separately managed accounts. With respect to any client that is a Private Fund, any initial and additional subscription minimums are disclosed in the offering memorandum for such Private Fund. With respect to any Client that is a separately managed account, the Adviser generally requires a minimum of $50 million to open such account. If the account size falls below the minimum requirement due to market fluctuations only, a client will not be required to invest additional funds with the Adviser to meet the minimum account size.
Investment Strategy
The Adviser employs a variety of investment strategies, including arbitrage transactions and fundamental value investing. Arbitrage strategies aim to capitalize on perceived price discrepancies between identical or similar financial instruments across different markets or in various forms. The Adviser specifically engages in event-driven arbitrage, merger arbitrage, and capital structure arbitrage.
In addition to arbitrage, the Adviser also utilizes a fundamental value investment strategy. This strategy involves investing in asset-oriented securities that the Adviser believes are undervalued by the market. This approach focuses on identifying securities with intrinsic value that is not fully reflected in their current market price.
Owners
- JELENEK, LAURIE - CAO
- MALIAGROS, SPIROS - PRESIDENT
- FASTERT, MICHAEL, ROBERT - CHIEF OPERATING OFFICER/CHIEF LEGAL OFFICER
- KIM, CORDELIA - CHIEF COMPLIANCE OFFICER
- TIG TRINITY MANAGEMENT, LLC - SOLE MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
(Subscription Required)
Other Contact Information
(Subscription Required)
2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| SRCL Stericycle Inc | 7.81% |
| K Kellanova Co | 5.57% |
| JNPR Juniper Networks Inc | 5.19% |
| SMAR Smartsheet Inc | 4.91% |
| VZIO Vizio Holding Corp | 3.68% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| WRK WestRock Co | 5.66% |
| HUBS Hubspot Inc | 5.09% |
| X United States Steel | 4.31% |
| M Macy`s Inc | 4.11% |
| IP International Paper | 3.8% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| EDR Endeavor Group Holdi | 9.11% |
| SRCL Stericycle Inc | 8.93% |
| JNPR Juniper Networks Inc | 6.39% |
| SQSP Squarespace Inc | 6.37% |
| NUVCF Nuvei Corp | 6.2% |
Under Section 13(f) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, AlTi Global, Inc. may be deemed to have shared investment discretion with TIG Advisors, LLC (''TIG Advisors'') and certain investment funds managed by TIG Advisors (the ''TIG Funds''). However, TIG Advisors and the TIG Funds file separate Form 13Fs from AlTi Global, Inc.
2024-09-30
13F Activity
| Market Value | $1.54b, Prior: $1.39b |
| Inflows (Outflows) as % of Total MV | +6.8288% |
| New Purchases | 21 stocks |
| Added To | 14 stocks |
| Sold out of | 29 stocks |
| Reduced holdings in | 13 stocks |
| Top 10 Holdings % | 63.64% |
| Turnover %[1] | 64.1% |
| Turnover Alt %[2] | 38.95% |
| Time Held Top 20 | 1.05 quarters |
| Time Held Top 10 | 0.8 quarters |
| Time Held All | 1.29 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