Venor Capital Management L.P. 13F annual report

Venor Capital Management L.P. is an investment fund managing more than $65.9 million ran by David Zemel. There are currently 3 companies in Mr. Zemel’s portfolio. The largest investments include Option Care Health and Constellation Energy Corp, together worth $60.3 million.

$65.9 million Assets Under Management (AUM)

As of 8th August 2022, Venor Capital Management L.P.’s top holding is 1,754,475 shares of Option Care Health currently worth over $48.8 million and making up 73.9% of the portfolio value. Relative to the number of outstanding shares of Option Care Health, Venor Capital Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 201,958 shares of Constellation Energy Corp worth $11.6 million. The third-largest holding is Ati Physical Therapy Inc worth $5.62 million.

Currently, Venor Capital Management L.P.'s portfolio is worth at least $65.9 million. 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 Venor Capital Management L.P.

The Venor 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 Zemel serves as the Chief Financial Officer at Venor Capital Management L.P..

Recent trades

In the most recent 13F filing, Venor Capital Management L.P. revealed that it had opened a new position in Constellation Energy Corp and bought 201,958 shares worth $11.6 million.

On the other hand, there are companies that Venor Capital Management L.P. is getting rid of from its portfolio. Venor Capital Management L.P. closed its position in Houghton Mifflin Harcourt Co on 15th August 2022. It sold the previously owned 563,439 shares for $2.27 million. David Zemel also disclosed a decreased stake in Option Care Health by approximately 0.1%. This leaves the value of the investment at $48.8 million and 1,754,475 shares.

One of the smallest hedge funds

The two most similar investment funds to Venor Capital Management L.P. are Corus Bankshares, Inc and Starr International Co Inc. They manage $66 million and $66.1 million respectively.

David Zemel investment strategy

Venor Capital Management L.P.’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Health Care — making up 73.9% 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 approximately 0.1% 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 $6.25 billion.

The complete list of Venor Capital Management L.P. trades based on 13F SEC filings

These positions were updated on August 15th 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
Option Care Health, Inc.	5.79% 1,754,475	$48,757,000	73.94%
Constellation Energy Corp	Opened 201,958	$11,564,000	17.54%
Ati Physical Therapy Inc	Opened 3,985,035	$5,619,000	8.52%
Houghton Mifflin Harcourt Co	Closed 563,439	$2,268,000
No transactions found
Showing first 500 out of 4 holdings