Broad Bay Capital Management, L.P. 13F annual report
Broad Bay Capital Management, L.P. is an investment fund managing more than $731 billion ran by David Scarffe. There are currently 19 companies in Mr. Scarffe’s portfolio. The largest investments include FTAI Aviation Ltd and Cavco Inds Inc Del, together worth $261 billion.
$731 billion Assets Under Management (AUM)
As of 7th August 2024, Broad Bay Capital Management, L.P.’s top holding is 1,809,500 shares of FTAI Aviation Ltd currently worth over $187 billion and making up 25.5% of the portfolio value.
Relative to the number of outstanding shares of FTAI Aviation Ltd, Broad Bay Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 215,326 shares of Cavco Inds Inc Del worth $74.5 billion.
The third-largest holding is Willscot Mobil Mini Hldng Co worth $65.5 billion and the next is Atlanta Braves Inc worth $71 billion, with 1,794,200 shares owned.
Currently, Broad Bay Capital Management, L.P.'s portfolio is worth at least $731 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.
Careers at Broad Bay Capital Management, L.P.
The Broad Bay Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, David Scarffe serves as the Chief Operating Officer at Broad Bay Capital Management, L.P..
Recent trades
In the most recent 13F filing, Broad Bay Capital Management, L.P. revealed that it had opened a new position in
Birkenstock Holding Plc and bought 311,678 shares worth $17 billion.
The investment fund also strengthened its position in MediaAlpha by buying
323,209 additional shares.
This makes their stake in MediaAlpha total 2,383,209 shares worth $31.4 billion.
MediaAlpha soared 70.1% in the past year.
On the other hand, there are companies that Broad Bay Capital Management, L.P. is getting rid of from its portfolio.
Broad Bay Capital Management, L.P. closed its position in Dollar Gen Corp New on 14th August 2024.
It sold the previously owned 172,000 shares for $26.8 billion.
David Scarffe also disclosed a decreased stake in FTAI Aviation Ltd by 0.2%.
This leaves the value of the investment at $187 billion and 1,809,500 shares.
One of the average hedge funds
The two most similar investment funds to Broad Bay Capital Management, L.P. are Bensler and Jat Capital Mgmt L.P.. They manage $731 billion and $732 billion respectively.
David Scarffe investment strategy
Broad Bay Capital Management, L.P.’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 28.9% of
the total portfolio value.
The fund focuses on investments in the United States as
57.9% 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
5% 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 $3.17 billion.
The complete list of Broad Bay Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| FTAI Aviation Ltd |
24.60%
1,809,500
|
$186,794,685,000 | 25.54% |
| Cavco Inds Inc Del |
21.70%
215,326
|
$74,539,401,000 | 10.19% |
| Willscot Mobil Mini Hldng Co |
4.68%
1,740,500
|
$65,512,420,000 | 8.96% |
| Atlanta Braves Holdings Inc |
13.91%
1,794,200
|
$71,025,013,000 | 9.71% |
| Planet Fitness Inc |
5.17%
876,229
|
$64,481,692,000 | 8.82% |
| Green Plains Inc |
4.68%
2,241,900
|
$35,556,534,000 | 4.86% |
| Wix.com Ltd |
4.67%
200,200
|
$31,845,814,000 | 4.35% |
| MediaAlpha, Inc. |
15.69%
2,383,209
|
$31,386,863,000 | 4.29% |
| Western Digital Corp. |
4.68%
354,600
|
$26,868,042,000 | 3.67% |
| Dollar Gen Corp New |
Closed
172,000
|
$26,842,320,000 | |
| Marinemax, Inc. |
8.58%
762,600
|
$24,685,362,000 | 3.37% |
| VSE Corp. |
31.67%
276,500
|
$24,409,420,000 | 3.34% |
| Birkenstock Holding Plc |
Opened
311,678
|
$16,958,400,000 | 2.32% |
| Applovin Corp |
Opened
190,700
|
$15,870,054,000 | 2.17% |
| Eventbrite Inc |
11.87%
2,796,743
|
$13,536,236,000 | 1.85% |
| Lyft Inc |
Opened
827,400
|
$11,666,340,000 | 1.59% |
| Zim Integrated Shipping Serv |
Opened
423,000
|
$9,377,910,000 | 1.28% |
| TREX Co., Inc. |
6.74%
123,100
|
$9,124,172,000 | 1.25% |
| Victorias Secret And Co |
65.67%
515,000
|
$9,100,050,000 | 1.24% |
| Bath & Body Works Inc |
Opened
223,100
|
$8,712,055,000 | 1.19% |
| AAR Corp. |
Closed
31,218
|
$1,869,022,000 | |
| No transactions found | |||
| Showing first 500 out of 21 holdings | |||
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