Clearlake Capital Group, L.P. 13F annual report

Clearlake Capital Group, L.P. is an investment fund managing more than $1.12 trillion ran by John Cannon. There are currently 5 companies in Mr. Cannon’s portfolio. The largest investments include Blackbaud Inc and BlackLine Inc, together worth $1.02 trillion.

$1.12 trillion Assets Under Management (AUM)

As of 7th August 2024, Clearlake Capital Group, L.P.’s top holding is 9,751,837 shares of Blackbaud Inc currently worth over $743 billion and making up 66.2% of the portfolio value. Relative to the number of outstanding shares of Blackbaud Inc, Clearlake Capital Group, L.P. owns less than 0.2% of the company. In addition, the fund holds 5,712,300 shares of BlackLine Inc worth $277 billion, whose value fell 10.9% in the past six months. The third-largest holding is Forward Air worth $72.8 billion and the next is Grab Holdings Limited worth $19.5 billion, with 5,500,000 shares owned.

Currently, Clearlake Capital Group, L.P.'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 Clearlake Capital Group, L.P.

The Clearlake Capital Group, L.P. office and employees reside in Santa Monica, California. According to the last 13-F report filed with the SEC, John Cannon serves as the Managing Director, CCO, General Counsel Portfolio & O.P.S. at Clearlake Capital Group, L.P..

Recent trades

In the most recent 13F filing, Clearlake Capital Group, L.P. revealed that it had increased its stake in Forward Air and bought 2,747,994 additional shares worth around $69 million. This means they effectively own 0.1% of the company. Forward Air makes up 100.0% of the fund's Industrials sector allocation and has decreased its share price by 65.2% in the past year.

On the other hand, there are companies that Clearlake Capital Group, L.P. is getting rid of from its portfolio. Clearlake Capital Group, L.P. closed its position in Atlas Energy Solutions Inc on 14th August 2024. It sold the previously owned 4,957,547 shares for $112 billion.

One of the average hedge funds

The two most similar investment funds to Clearlake Capital Group, L.P. are Yaupon Capital Management L.P. and Fft Wealth Management. They manage $1.12 trillion and $1.12 trillion respectively.

John Cannon investment strategy

Clearlake Capital Group, L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Technology — making up 90.9% of the total portfolio value. The fund focuses on investments in the United States as 60.0% 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 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 $3.35 billion.

The complete list of Clearlake Capital Group, 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
Blackbaud Inc	No change 9,751,837	$742,797,424,000	66.22%
BlackLine Inc	No change 5,712,300	$276,760,935,000	24.67%
Atlas Energy Solutions Inc	Closed 4,957,547	$112,139,713,000
Forward Air Corp.	255.15% 3,825,000	$72,828,000,000	6.49%
Grab Holdings Limited	No change 5,500,000	$19,525,000,000	1.74%
Holley Inc	No change 2,750,000	$9,845,000,000	0.88%
Smart Sand Inc	Closed 16,364	$31,255,000
No transactions found
Showing first 500 out of 7 holdings