Hickory Lane Capital Management L.P. 13F annual report
Hickory Lane Capital Management L.P. is an investment fund managing more than $81.7 billion ran by Joshua Pearl. There are currently 24 companies in Mr. Pearl’s portfolio. The largest investments include Liberty Media and Willscot Mobil Mini Hldng Co, together worth $13.7 billion.
$81.7 billion Assets Under Management (AUM)
As of 24th April 2023, Hickory Lane Capital Management L.P.’s top holding is 95,000 shares of Liberty Media currently worth over $7.11 billion and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of Liberty Media, Hickory Lane Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 140,000 shares of Willscot Mobil Mini Hldng Co worth $6.56 billion.
The third-largest holding is T-Mobile US worth $5.76 billion and the next is Microsoft worth $5.48 billion, with 19,000 shares owned.
Currently, Hickory Lane Capital Management L.P.'s portfolio is worth at least $81.7 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 Hickory Lane Capital Management L.P.
The Hickory Lane Capital Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Joshua Pearl serves as the Managing Member at Hickory Lane Capital Management L.P..
Recent trades
In the most recent 13F filing, Hickory Lane Capital Management L.P. revealed that it had opened a new position in
PayPal Inc and bought 30,000 shares worth $2.28 billion.
This means they effectively own approximately 0.1% of the company.
PayPal Inc makes up
20.1%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Lockheed Martin by buying
500 additional shares.
This makes their stake in Lockheed Martin total 8,500 shares worth $4.02 billion.
Lockheed Martin dropped approximately 0.1% in the past year.
On the other hand, there are companies that Hickory Lane Capital Management L.P. is getting rid of from its portfolio.
Hickory Lane Capital Management L.P. closed its position in ON Semiconductor on 1st May 2023.
It sold the previously owned 17,500 shares for $1.09 billion.
Joshua Pearl also disclosed a decreased stake in Willscot Mobil Mini Hldng Co by 0.2%.
This leaves the value of the investment at $6.56 billion and 140,000 shares.
One of the smaller hedge funds
The two most similar investment funds to Hickory Lane Capital Management L.P. are Teachers Advisors and Orca Investment Management. They manage $81.7 billion and $81.6 billion respectively.
Joshua Pearl investment strategy
Hickory Lane Capital Management L.P.’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Finance — making up 13.9% of
the total portfolio value.
The fund focuses on investments in the United States as
75.0% 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
58% of the total holdings value.
On the other hand, small-cap stocks make up only 8.3% of the portfolio.
The average market cap of the portfolio companies is close to $227 billion.
The complete list of Hickory Lane Capital Management L.P. trades based on 13F SEC filings
These positions were updated on May 1st 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 |
|---|---|---|---|
| Liberty Media Corp. |
No change
95,000
|
$7,108,850,000 | 8.70% |
| Willscot Mobil Mini Hldng Co |
18.37%
140,000
|
$6,563,200,000 | 8.03% |
| T-Mobile US, Inc. |
24.64%
39,750
|
$5,757,390,000 | 7.05% |
| Microsoft Corporation |
16.48%
19,000
|
$5,477,700,000 | 6.70% |
| Mastercard Incorporated |
No change
15,000
|
$5,451,150,000 | 6.67% |
| APi Group Corporation |
No change
200,000
|
$4,496,000,000 | 5.50% |
| Lockheed Martin Corp. |
6.25%
8,500
|
$4,018,205,000 | 4.92% |
| Alphabet Inc |
1.33%
38,000
|
$3,941,740,000 | 4.82% |
| Howmet Aerospace Inc. |
35.71%
90,000
|
$3,813,300,000 | 4.67% |
| S&P Global Inc |
5.00%
10,500
|
$3,620,085,000 | 4.43% |
| Amazon.com Inc. |
No change
33,500
|
$3,460,215,000 | 4.23% |
| Lithia Mtrs Inc |
No change
12,250
|
$2,804,393,000 | 3.43% |
| Albemarle Corp. |
No change
12,500
|
$2,763,000,000 | 3.38% |
| Cheniere Energy Inc. |
23.91%
17,500
|
$2,758,000,000 | 3.38% |
| Shift4 Pmts Inc |
4.00%
36,000
|
$2,728,800,000 | 3.34% |
| Home Depot, Inc. |
No change
8,500
|
$2,508,520,000 | 3.07% |
| Aptiv PLC |
No change
22,000
|
$2,468,180,000 | 3.02% |
| PayPal Holdings Inc |
Opened
30,000
|
$2,278,200,000 | 2.79% |
| Endeavor Group Hldgs Inc |
Opened
85,000
|
$2,034,050,000 | 2.49% |
| Charter Communications Inc N |
29.41%
5,500
|
$1,966,855,000 | 2.41% |
| Marriott Vacations Worldwide Corp |
11.86%
13,000
|
$1,753,180,000 | 2.15% |
| Valero Energy Corp. |
14.29%
12,000
|
$1,675,200,000 | 2.05% |
| United Rentals, Inc. |
Opened
3,000
|
$1,187,280,000 | 1.45% |
| ON Semiconductor Corp. |
Closed
17,500
|
$1,091,475,000 | |
| Iridium Communications Inc |
Opened
17,500
|
$1,083,775,000 | 1.33% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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