North Peak Capital Management 13F annual report

North Peak Capital Management is an investment fund managing more than $851 billion ran by Michael Lorch. There are currently 8 companies in Mr. Lorch’s portfolio. The largest investments include Hilton Grand Vacations Inc and Smartsheet Inc, together worth $393 billion.

$851 billion Assets Under Management (AUM)

As of 7th August 2024, North Peak Capital Management’s top holding is 6,029,773 shares of Hilton Grand Vacations Inc currently worth over $244 billion and making up 28.6% of the portfolio value. Relative to the number of outstanding shares of Hilton Grand Vacations Inc, North Peak Capital Management owns less than approximately 0.1% of the company. In addition, the fund holds 3,385,459 shares of Smartsheet Inc worth $149 billion, whose value grew 4.6% in the past six months. The third-largest holding is Schwab Charles Corp worth $131 billion and the next is Workday Inc worth $130 billion, with 580,286 shares owned.

Currently, North Peak Capital Management's portfolio is worth at least $851 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 North Peak Capital Management

The North Peak Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Lorch serves as the Chief Financial Officer at North Peak Capital Management.

Recent trades

In the most recent 13F filing, North Peak Capital Management revealed that it had opened a new position in CVS Health Corp and bought 635,314 shares worth $37.5 billion. This means they effectively own approximately 0.1% of the company. CVS Health Corp makes up 100.0% of the fund's Health Care sector allocation and has decreased its share price by 24.9% in the past year.

The investment fund also strengthened its position in Hilton Grand Vacations Inc by buying 45,186 additional shares. This makes their stake in Hilton Grand Vacations Inc total 6,029,773 shares worth $244 billion. Hilton Grand Vacations Inc dropped 25.0% in the past year.

On the other hand, there are companies that North Peak Capital Management is getting rid of from its portfolio. North Peak Capital Management closed its position in KBR Inc on 14th August 2024. It sold the previously owned 680,947 shares for $43.3 billion. Michael Lorch also disclosed a decreased stake in Smartsheet Inc by approximately 0.1%. This leaves the value of the investment at $149 billion and 3,385,459 shares.

One of the average hedge funds

The two most similar investment funds to North Peak Capital Management are Ccm Investment Advisers and Navellier & Associates Inc. They manage $852 billion and $852 billion respectively.

Michael Lorch investment strategy

North Peak Capital Management’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 40.0% of the total portfolio value. The fund focuses on investments in the United States as 62.5% 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 13% 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 $29.5 billion.

The complete list of North Peak Capital Management 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
Hilton Grand Vacations Inc	0.76% 6,029,773	$243,783,722,000	28.63%
Smartsheet Inc	4.01% 3,385,459	$149,231,033,000	17.53%
Schwab Charles Corp	2.96% 1,782,875	$131,380,059,000	15.43%
Workday Inc	5.68% 580,286	$129,728,738,000	15.24%
Driven Brands Holdings Inc.	19.60% 5,203,471	$66,240,186,000	7.78%
Lpl Finl Hldgs Inc	27.01% 224,731	$62,767,368,000	7.37%
KBR Inc	Closed 680,947	$43,349,086,000
CVS Health Corp	Opened 635,314	$37,521,645,000	4.41%
Carvana Co.	Opened 239,041	$30,769,358,000	3.61%
O-I Glass Inc	Closed 324,553	$5,384,334,000
No transactions found
Showing first 500 out of 10 holdings