Harspring Capital Management 13F annual report
Harspring Capital Management is an investment fund managing more than $395 billion ran by Alan Kikuchi. There are currently 18 companies in Mr. Kikuchi’s portfolio. The largest investments include Cogent Communications Inc and Enstar, together worth $126 billion.
$395 billion Assets Under Management (AUM)
As of 6th August 2024, Harspring Capital Management’s top holding is 1,176,500 shares of Cogent Communications Inc currently worth over $66.4 billion and making up 16.8% of the portfolio value.
Relative to the number of outstanding shares of Cogent Communications Inc, Harspring Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 195,000 shares of Enstar worth $59.6 billion, whose value grew 17.7% in the past six months.
The third-largest holding is Amazon.com worth $36.6 billion and the next is Meta Platforms Inc worth $35.9 billion, with 71,200 shares owned.
Currently, Harspring Capital Management's portfolio is worth at least $395 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 Harspring Capital Management
The Harspring Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Alan Kikuchi serves as the Chief Compliance Officer at Harspring Capital Management.
Recent trades
In the most recent 13F filing, Harspring Capital Management revealed that it had opened a new position in
Thryv Holdings, Inc. and bought 420,000 shares worth $7.48 billion.
The investment fund also strengthened its position in Cogent Communications Inc by buying
601,500 additional shares.
This makes their stake in Cogent Communications Inc total 1,176,500 shares worth $66.4 billion.
Cogent Communications Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Harspring Capital Management is getting rid of from its portfolio.
Harspring Capital Management closed its position in A-Mark Precious Metals Inc on 13th August 2024.
It sold the previously owned 191,500 shares for $7.17 billion.
Alan Kikuchi also disclosed a decreased stake in Amazon.com by 0.2%.
This leaves the value of the investment at $36.6 billion and 189,200 shares.
One of the smaller hedge funds
The two most similar investment funds to Harspring Capital Management are Lionstone Capital Management and Versant Capital Management, Inc. They manage $395 billion and $395 billion respectively.
Alan Kikuchi investment strategy
Harspring Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Finance — making up 28.0% of
the total portfolio value.
The fund focuses on investments in the United States as
72.2% 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
28% 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 $169 billion.
The complete list of Harspring Capital Management trades based on 13F SEC filings
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 |
|---|---|---|---|
| Cogent Communications Holdings Inc |
104.61%
1,176,500
|
$66,401,660,000 | 16.81% |
| Enstar Group Limited |
50.58%
195,000
|
$59,611,500,000 | 15.09% |
| Amazon.com Inc. |
17.74%
189,200
|
$36,562,900,000 | 9.26% |
| Meta Platforms Inc |
38.09%
71,200
|
$35,900,464,000 | 9.09% |
| IAC Inc |
38.26%
710,000
|
$33,263,500,000 | 8.42% |
| Enova International Inc. |
24.43%
430,000
|
$26,767,500,000 | 6.78% |
| News Corp |
28.57%
821,500
|
$22,648,755,000 | 5.73% |
| Alphabet Inc |
19.14%
117,650
|
$21,579,363,000 | 5.46% |
| U-Haul Holding Company |
45.22%
283,500
|
$17,015,670,000 | 4.31% |
| Berkshire Hathaway Inc. |
60.67%
35,000
|
$14,238,000,000 | 3.61% |
| Rush Enterprises Inc |
43.48%
330,000
|
$13,817,100,000 | 3.50% |
| Orion S.A |
11.02%
565,000
|
$12,396,100,000 | 3.14% |
| LendingClub Corp |
50.74%
1,160,000
|
$9,813,600,000 | 2.48% |
| Thryv Holdings, Inc. |
Opened
420,000
|
$7,484,400,000 | 1.90% |
| A-Mark Precious Metals Inc |
Closed
191,500
|
$7,168,803,000 | |
| Walker Dunlop, Inc. |
5.07%
65,000
|
$6,383,000,000 | 1.62% |
| Turning Point Brands Inc |
Opened
181,500
|
$5,824,335,000 | 1.47% |
| LGI Homes Inc |
10.00%
46,350
|
$4,147,862,000 | 1.05% |
| 1stdibs.com, Inc. |
Opened
240,426
|
$1,079,513,000 | 0.27% |
| No transactions found | |||
| Showing first 500 out of 19 holdings | |||
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