Technology Crossover Management Viii 13F annual report

Technology Crossover Management Viii is an investment fund managing more than $1.12 trillion ran by Frederic Fenton. There are currently 6 companies in Mr. Fenton’s portfolio. The largest investments include Spotify Technologies, S.a. and Payoneer Global, Inc., together worth $709 billion.

$1.12 trillion Assets Under Management (AUM)

As of 2nd February 2024, Technology Crossover Management Viii’s top holding is 2,618,272 shares of Spotify Technologies, S.a. currently worth over $492 billion and making up 44.1% of the portfolio value. In addition, the fund holds 41,697,116 shares of Payoneer Global, Inc. worth $217 billion. The third-largest holding is Netflix worth $210 billion and the next is Zillow Inc worth $180 billion, with 3,119,337 shares owned.

Currently, Technology Crossover Management Viii's portfolio is worth at least $1.12 trillion. 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.

Careers at Technology Crossover Management Viii

The Technology Crossover Management Viii office and employees reside in Menlo Park, California. According to the last 13-F report filed with the SEC, Frederic Fenton serves as the Authorized Signatory at Technology Crossover Management Viii.

Recent trades

In the most recent 13F filing, Technology Crossover Management Viii revealed that it had increased its stake in Nerdy, Inc. and bought 106,636 additional shares worth around .

On the other hand, there are companies that Technology Crossover Management Viii is getting rid of from its portfolio. Technology Crossover Management Viii closed its position in Nerdy, Inc. on 9th February 2024. It sold the previously owned 614,444 shares for $657 million. Frederic Fenton also disclosed a decreased stake in Spotify Technologies, S.a. by 0.3%. This leaves the value of the investment at $492 billion and 2,618,272 shares.

One of the largest hedge funds

The two most similar investment funds to Technology Crossover Management Viii are Koch Industries Inc and General American Investors Co Inc. They manage $1.12 trillion and $1.12 trillion respectively.

Frederic Fenton investment strategy

Technology Crossover Management Viii’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Communication Services — making up 18.9% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 17% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $68.8 billion.

The complete list of Technology Crossover Management Viii trades based on 13F SEC filings

These positions were updated on February 9th 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
Spotify Technologies, S.a.	27.64% 2,618,272	$491,999,492,000	44.12%
Payoneer Global, Inc.	No change 41,697,116	$217,241,974,000	19.48%
Netflix Inc.	40.00% 432,000	$210,332,160,000	18.86%
Zillow Group Inc	No change 3,119,337	$180,046,695,000	16.14%
Nerdy, Inc.	2.77% 3,949,791	$13,547,783,000	1.21%
Rent The Runway Inc	No change 3,949,669	$2,083,450,000	0.19%
Nerdy, Inc.	Closed 614,444	$656,631,000
No transactions found
Showing first 500 out of 7 holdings