Impala Asset Management 13F annual report
Impala Asset Management is an investment fund managing more than $111 billion ran by Tom Sullivan. There are currently 15 companies in Mr. Sullivan’s portfolio. The largest investments include Ero Copper Corp and Century Alum Co, together worth $56.1 billion.
$111 billion Assets Under Management (AUM)
As of 8th August 2024, Impala Asset Management’s top holding is 1,961,220 shares of Ero Copper Corp currently worth over $41.9 billion and making up 37.9% of the portfolio value.
In addition, the fund holds 850,000 shares of Century Alum Co worth $14.2 billion.
The third-largest holding is West Fraser Timber Co Ltd worth $9.6 billion and the next is Buckle worth $9.41 billion, with 254,727 shares owned.
Currently, Impala Asset Management's portfolio is worth at least $111 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 Impala Asset Management
The Impala Asset Management office and employees reside in Palm Beach, Florida. According to the last 13-F report filed with the SEC, Tom Sullivan serves as the CFO at Impala Asset Management.
Recent trades
In the most recent 13F filing, Impala Asset Management revealed that it had opened a new position in
American Eagle Outfitters and bought 275,000 shares worth $5.49 billion.
This means they effectively own approximately 0.1% of the company.
American Eagle Outfitters makes up
29.5%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 29.3% in the past year.
The investment fund also strengthened its position in Century Alum Co by buying
145,000 additional shares.
This makes their stake in Century Alum Co total 850,000 shares worth $14.2 billion.
On the other hand, there are companies that Impala Asset Management is getting rid of from its portfolio.
Impala Asset Management closed its position in Delta Air Lines Inc Del Com New on 15th August 2024.
It sold the previously owned 116,128 shares for $5.56 billion.
Tom Sullivan also disclosed a decreased stake in Ero Copper Corp by approximately 0.1%.
This leaves the value of the investment at $41.9 billion and 1,961,220 shares.
One of the smallest hedge funds
The two most similar investment funds to Impala Asset Management are Wasserstein Debt Opportunities Management, L.P. and Black Maple Capital Management L.P.. They manage $111 billion and $111 billion respectively.
Tom Sullivan investment strategy
Impala Asset Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 16.8% of
the total portfolio value.
The fund focuses on investments in the United States as
53.3% 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
7% 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 $58.2 billion.
The complete list of Impala Asset Management trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Ero Copper Corp |
2.33%
1,961,220
|
$41,909,913,000 | 37.89% |
| Century Alum Co |
20.57%
850,000
|
$14,237,500,000 | 12.87% |
| West Fraser Timber Co Ltd |
108.33%
125,000
|
$9,598,145,000 | 8.68% |
| Buckle, Inc. |
27.36%
254,727
|
$9,409,615,000 | 8.51% |
| Direxion Shs Etf Tr Oil Gas Bl 2x Sh |
56.93%
219,700
|
$7,788,365,000 | 7.04% |
| Delta Air Lines Inc Del Com New |
Closed
116,128
|
$5,559,047,000 | |
| Devon Energy Corp. |
Closed
110,000
|
$5,519,800,000 | |
| American Eagle Outfitters Inc. |
Opened
275,000
|
$5,489,000,000 | 4.96% |
| Rio Tinto Plc Sponsored Adr |
Closed
75,000
|
$4,780,500,000 | |
| Alcoa Corp |
Closed
129,500
|
$4,375,805,000 | |
| Harley-Davidson, Inc. |
Closed
90,000
|
$3,936,600,000 | |
| Liberty Energy Inc |
2.63%
185,000
|
$3,864,650,000 | 3.49% |
| Academy Sports & Outdoors, Inc. |
Opened
70,000
|
$3,727,500,000 | 3.37% |
| Expedia Group Inc Com New |
Opened
26,500
|
$3,338,735,000 | 3.02% |
| General Mtrs Co |
Closed
70,000
|
$3,174,500,000 | |
| Exxon Mobil Corp. |
Opened
22,500
|
$2,590,200,000 | 2.34% |
| ArcBest Corp |
Opened
22,500
|
$2,409,300,000 | 2.18% |
| Kirby Corp. |
Closed
25,000
|
$2,383,000,000 | |
| Sturm, Ruger & Co., Inc. |
Opened
53,500
|
$2,228,275,000 | 2.01% |
| New Gold Inc Cda |
9.20%
1,092,000
|
$2,129,400,000 | 1.93% |
| Marathon Oil Corporation |
Closed
75,000
|
$2,125,500,000 | |
| Osisko Gold Royalties Ltd |
Closed
110,000
|
$1,805,854,000 | |
| Vale S A Sponsored Ads |
Opened
150,000
|
$1,675,500,000 | 1.51% |
| Agnico Eagle Mines Ltd |
Closed
20,000
|
$1,193,000,000 | |
| Cinemark Holdings Inc |
90.48%
10,000
|
$216,200,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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