Bayview Asset Management is an investment fund managing more than $170 billion ran by Michael Magee. There are currently 28 companies in Mr. Magee’s portfolio. The largest investments include Enact Inc and New York Cmnty Bancorp Inc, together worth $106 billion.
As of 6th August 2024, Bayview Asset Management’s top holding is 2,653,503 shares of Enact Inc currently worth over $81.4 billion and making up 48.0% of the portfolio value.
Relative to the number of outstanding shares of Enact Inc, Bayview Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 7,500,000 shares of New York Cmnty Bancorp Inc worth $24.2 billion.
The third-largest holding is Guild Hldgs Co worth $18.8 billion and the next is Banc of California Inc worth $17.2 billion, with 1,348,130 shares owned.
Currently, Bayview Asset Management's portfolio is worth at least $170 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Bayview Asset Management office and employees reside in Coral Gables, Florida. According to the last 13-F report filed with the SEC, Michael Magee serves as the Chief Financial Officer at Bayview Asset Management.
In the most recent 13F filing, Bayview Asset Management revealed that it had opened a new position in
Wintrust Finl Corp and bought 18,000 shares worth $1.77 billion.
The investment fund also strengthened its position in New York Cmnty Bancorp Inc by buying
7,492,500 additional shares.
This makes their stake in New York Cmnty Bancorp Inc total 7,500,000 shares worth $24.2 billion.
On the other hand, there are companies that Bayview Asset Management is getting rid of from its portfolio.
Bayview Asset Management closed its position in Ishares Tr on 13th August 2024.
It sold the previously owned 634,000 shares for $55.6 billion.
Michael Magee also disclosed a decreased stake in Truist Finl Corp by 0.3%.
This leaves the value of the investment at $680 million and 17,500 shares.
The two most similar investment funds to Bayview Asset Management are Members Advisory and Fairway Wealth. They manage $170 billion and $170 billion respectively.
Bayview Asset Management’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Finance — making up 65.2% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $15 billion.
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Enact Holdings Inc |
No change
2,653,503
|
$81,356,402,000 | 47.95% |
| Ishares Tr |
Closed
634,000
|
$55,562,930,000 | |
| New York Cmnty Bancorp Inc |
99,900.00%
7,500,000
|
$24,150,000,000 | 14.23% |
| Spdr Ser Tr |
Closed
450,000
|
$22,626,000,000 | |
| Guild Hldgs Co |
2.89%
1,271,280
|
$18,802,231,000 | 11.08% |
| Banc of California Inc |
No change
1,348,130
|
$17,229,101,000 | 10.16% |
| Select Sector Spdr Tr |
Closed
390,000
|
$16,426,800,000 | |
| Webster Finl Corp |
534.00%
63,400
|
$2,763,606,000 | 1.63% |
| Globe Life Inc |
236.88%
25,000
|
$2,057,000,000 | 1.21% |
| Wintrust Finl Corp |
Opened
18,000
|
$1,774,080,000 | 1.05% |
| Chubb Limited |
65.00%
6,600
|
$1,683,528,000 | 0.99% |
| First Amern Finl Corp |
180.91%
30,900
|
$1,667,055,000 | 0.98% |
| Cbre Group Inc |
Opened
18,476
|
$1,646,396,000 | 0.97% |
| Rithm Capital Corp |
Opened
140,000
|
$1,527,400,000 | 0.90% |
| Ameris Bancorp |
Opened
30,000
|
$1,510,500,000 | 0.89% |
| D.R. Horton Inc. |
Opened
10,000
|
$1,409,300,000 | 0.83% |
| Essent Group Ltd |
Opened
25,000
|
$1,404,750,000 | 0.83% |
| Prosperity Bancshares Inc. |
Opened
22,500
|
$1,375,650,000 | 0.81% |
| Us Bancorp Del |
Closed
25,000
|
$1,117,500,000 | |
| JPMorgan Chase & Co. |
22.22%
5,500
|
$1,112,430,000 | 0.66% |
| Pulte Group Inc |
Opened
10,000
|
$1,101,000,000 | 0.65% |
| Stewart Information Svcs Cor |
Opened
16,000
|
$993,280,000 | 0.59% |
| Huntington Bancshares, Inc. |
No change
75,000
|
$988,500,000 | 0.58% |
| Mfa Finl Inc |
14.29%
80,000
|
$851,200,000 | 0.50% |
| First Horizon Corporation |
Opened
52,130
|
$822,090,000 | 0.48% |
| Truist Finl Corp |
27.08%
17,500
|
$679,875,000 | 0.40% |
| Jones Lang Lasalle Inc. |
Opened
3,000
|
$615,840,000 | 0.36% |
| Toll Brothers Inc. |
Opened
5,000
|
$575,900,000 | 0.34% |
| Axos Financial Inc. |
100.00%
10,000
|
$571,500,000 | 0.34% |
| Financial Instns Inc |
Opened
27,622
|
$533,657,000 | 0.31% |
| Meritage Homes Corp. |
Closed
3,000
|
$526,380,000 | |
| Walker & Dunlop Inc |
Closed
3,500
|
$353,710,000 | |
| BankUnited Inc |
33.33%
10,000
|
$292,700,000 | 0.17% |
| Hartford Finl Svcs Group Inc |
Closed
2,500
|
$257,625,000 | |
| Allstate Corp (The) |
Opened
1,000
|
$159,660,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||