Steel Partners Holdings L.P. 13F annual report

Steel Partners Holdings L.P. is an investment fund managing more than $79 billion ran by Ryan O'herrin. There are currently 7 companies in Mr. O'herrin’s portfolio. The largest investments include Steel Connect Inc and DMC Global Inc, together worth $67.8 billion.

$79 billion Assets Under Management (AUM)

As of 10th July 2024, Steel Partners Holdings L.P.’s top holding is 3,061,313 shares of Steel Connect Inc currently worth over $39.3 billion and making up 49.8% of the portfolio value. Relative to the number of outstanding shares of Steel Connect Inc, Steel Partners Holdings L.P. owns less than 0.5% of the company. In addition, the fund holds 1,973,039 shares of DMC Global Inc worth $28.5 billion, whose value fell 12.2% in the past six months. The third-largest holding is ContextLogic worth $4.57 billion and the next is Luxfer Hldgs Plc worth $3.07 billion, with 265,279 shares owned.

Currently, Steel Partners Holdings L.P.'s portfolio is worth at least $79 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 Steel Partners Holdings L.P.

The Steel Partners Holdings L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Ryan O'herrin serves as the CFO of General Partner of Reporting Manager at Steel Partners Holdings L.P..

Recent trades

In the most recent 13F filing, Steel Partners Holdings L.P. revealed that it had increased its stake in Steel Connect Inc and bought 1,043,624 additional shares worth around $13 million. This means they effectively own 0.5% of the company. Steel Connect Inc makes up 100.0% of the fund's Industrials sector allocation and has grown its share price by 50.9% in the past year.

On the other hand, there are companies that Steel Partners Holdings L.P. is getting rid of from its portfolio. Steel Partners Holdings L.P. closed its position in Whole Earth Brands on 17th July 2024. It sold the previously owned 1,571,125 shares for $7.59 billion. Ryan O'herrin also disclosed a decreased stake in Luxfer Hldgs Plc by approximately 0.1%. This leaves the value of the investment at $3.07 billion and 265,279 shares.

One of the smallest hedge funds

The two most similar investment funds to Steel Partners Holdings L.P. are Tam Capital Management and Davies Advisors. They manage $79.1 billion and $78.8 billion respectively.

Ryan O'herrin investment strategy

Steel Partners Holdings L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Industrials — making up 49.8% of the total portfolio value. The fund focuses on investments in the United States as 42.9% 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 14% 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 $295 million.

The complete list of Steel Partners Holdings L.P. trades based on 13F SEC filings

These positions were updated on July 17th 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
Steel Connect Inc	51.72% 3,061,313	$39,307,259,000	49.78%
DMC Global Inc	610.49% 1,973,039	$28,451,222,000	36.03%
Whole Earth Brands, Inc.	Closed 1,571,125	$7,588,534,000
ContextLogic Inc.	981.80% 799,713	$4,566,361,000	5.78%
Starrett L S Co	Closed 276,844	$4,399,051,000
Luxfer Hldgs Plc	9.29% 265,279	$3,074,584,000	3.89%
Mercury Sys Inc	No change 66,543	$1,795,996,000	2.27%
National Presto Inds Inc	No change 12,563	$943,858,000	1.20%
23andme Holding Co	No change 2,095,493	$819,757,000	1.04%
Palladyne Ai Corp	Closed 180,504	$326,712,000
No transactions found
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