Foundry Next 13F annual report

Foundry Next is an investment fund managing more than $193 billion ran by Jason Lynch. There are currently 4 companies in Mr. Lynch’s portfolio. The largest investments include Rover Group Inc and Xometry Inc, together worth $129 billion.

$193 billion Assets Under Management (AUM)

As of 7th February 2023, Foundry Next’s top holding is 20,268,687 shares of Rover Group Inc currently worth over $74.4 billion and making up 38.5% of the portfolio value. In addition, the fund holds 1,691,708 shares of Xometry Inc worth $54.5 billion. The third-largest holding is Avidxchange Holdings Inc worth $50 billion and the next is Oblong worth $14.1 billion, with 7,839,509 shares owned.

Currently, Foundry Next's portfolio is worth at least $193 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 Foundry Next

The Foundry Next office and employees reside in Boulder, Colorado. According to the last 13-F report filed with the SEC, Jason Lynch serves as the General Counsel and Chief Compliance Officer at Foundry Next.

Recent trades

In the most recent 13F filing, Foundry Next revealed that it had opened a new position in Rover Group Inc and bought 20,268,687 shares worth $74.4 billion.

One of the average hedge funds

The two most similar investment funds to Foundry Next are Townsend Asset Management Corp nc adv and Roman Butler Fullerton & Co. They manage $193 billion and $193 billion respectively.

Jason Lynch investment strategy

Foundry Next’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 7.3% of the total portfolio value. The fund focuses on investments in the United States as 25.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 25% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $5.36 million.

The complete list of Foundry Next trades based on 13F SEC filings

These positions were updated on February 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
Rover Group Inc	Opened 20,268,687	$74,386,081,000	38.53%
Xometry Inc	Opened 1,691,708	$54,523,749,000	28.24%
Avidxchange Holdings Inc	Opened 5,032,964	$50,027,662,000	25.91%
Oblong Inc.	Opened 7,839,509	$14,111,116,000	7.31%
No transactions found
Showing first 500 out of 4 holdings