Linonia Partnership L.P. 13F annual report
Linonia Partnership L.P. is an investment fund managing more than $1.26 trillion ran by Bruce Berger. There are currently 8 companies in Mr. Berger’s portfolio. The largest investments include Guidewire Software Inc and Liberty Media, together worth $784 billion.
$1.26 trillion Assets Under Management (AUM)
As of 7th August 2024, Linonia Partnership L.P.’s top holding is 2,395,601 shares of Guidewire Software Inc currently worth over $330 billion and making up 26.2% of the portfolio value.
Relative to the number of outstanding shares of Guidewire Software Inc, Linonia Partnership L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 9,981,715 shares of Liberty Media worth $454 billion, whose value fell 28.2% in the past six months.
The third-largest holding is Tempur Sealy International Inc worth $177 billion and the next is Veeva Sys Inc worth $133 billion, with 725,654 shares owned.
Currently, Linonia Partnership L.P.'s portfolio is worth at least $1.26 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 Linonia Partnership L.P.
The Linonia Partnership L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Bruce Berger serves as the Chief Compliance Officer at Linonia Partnership L.P..
Recent trades
In the most recent 13F filing, Linonia Partnership L.P. revealed that it had opened a new position in
Warner Music and bought 689,475 shares worth $21.1 billion.
This means they effectively own approximately 0.1% of the company.
Warner Music makes up
4.5%
of the fund's Communication Services sector allocation and has decreased its share price by 15.1% in the past year.
The investment fund also strengthened its position in Guidewire Software Inc by buying
185,077 additional shares.
This makes their stake in Guidewire Software Inc total 2,395,601 shares worth $330 billion.
Guidewire Software Inc soared 76.2% in the past year.
On the other hand, there are companies that Linonia Partnership L.P. is getting rid of from its portfolio.
Linonia Partnership L.P. closed its position in Procore Technologies on 14th August 2024.
It sold the previously owned 287,325 shares for $23.6 billion.
Bruce Berger also disclosed a decreased stake in Veeva Sys Inc by approximately 0.1%.
This leaves the value of the investment at $133 billion and 725,654 shares.
One of the largest hedge funds
The two most similar investment funds to Linonia Partnership L.P. are Westpac Banking Corp and Pine Valley Investments Ltd Liability Co. They manage $1.26 trillion and $1.26 trillion respectively.
Bruce Berger investment strategy
Linonia Partnership L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Communication Services — making up 37.7% 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
38% 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 $12.9 billion.
The complete list of Linonia Partnership 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 |
|---|---|---|---|
| Guidewire Software Inc |
8.37%
2,395,601
|
$330,329,422,000 | 26.20% |
| Liberty Media Corp. |
89.55%
9,981,715
|
$453,744,024,000 | 35.99% |
| Tempur Sealy International Inc |
17.12%
3,749,434
|
$177,498,206,000 | 14.08% |
| Veeva Sys Inc |
8.52%
725,654
|
$132,801,939,000 | 10.53% |
| Transdigm Group Incorporated |
16.76%
79,719
|
$101,849,792,000 | 8.08% |
| Shake Shack Inc |
0.07%
483,305
|
$43,497,450,000 | 3.45% |
| Procore Technologies, Inc. |
Closed
287,325
|
$23,609,495,000 | |
| Warner Music Group Corp. |
Opened
689,475
|
$21,132,409,000 | 1.68% |
| Live Nation Entertainment In |
Closed
146,000
|
$15,442,420,000 | |
| Loar Holdings Inc |
Opened
1,000
|
$53,410,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 10 holdings | |||
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