Marketfield Asset Management 13F annual report
Marketfield Asset Management is an investment fund managing more than $127 billion ran by Deepak Tejwaney. There are currently 35 companies in Mr. Tejwaney’s portfolio. The largest investments include Conocophillips and Caterpillar, together worth $12.1 billion.
$127 billion Assets Under Management (AUM)
As of 8th May 2024, Marketfield Asset Management’s top holding is 47,837 shares of Conocophillips currently worth over $6.09 billion and making up 4.8% of the portfolio value.
In addition, the fund holds 16,302 shares of Caterpillar worth $5.97 billion, whose value grew 42.7% in the past six months.
The third-largest holding is Toyota Motor worth $5.83 billion and the next is Intuitive Surgical Inc worth $5.43 billion, with 13,613 shares owned.
Currently, Marketfield Asset Management's portfolio is worth at least $127 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 Marketfield Asset Management
The Marketfield Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Deepak Tejwaney serves as the CCO at Marketfield Asset Management.
Recent trades
In the most recent 13F filing, Marketfield Asset Management revealed that it had opened a new position in
Toyota Motor and bought 23,174 shares worth $5.83 billion.
This means they effectively own approximately 0.1% of the company.
Toyota Motor makes up
40.5%
of the fund's Consumer Discretionary sector allocation and has grown its share price by 52.5% in the past year.
The investment fund also strengthened its position in VanEck ETF Trust by buying
27,083 additional shares.
This makes their stake in VanEck ETF Trust total 167,397 shares worth $5.29 billion.
VanEck ETF Trust dropped approximately 0.1% in the past year.
On the other hand, there are companies that Marketfield Asset Management is getting rid of from its portfolio.
Marketfield Asset Management closed its position in D.R. Horton on 15th May 2024.
It sold the previously owned 56,353 shares for $5.02 billion.
Deepak Tejwaney also disclosed a decreased stake in Conocophillips by approximately 0.1%.
This leaves the value of the investment at $6.09 billion and 47,837 shares.
One of the smallest hedge funds
The two most similar investment funds to Marketfield Asset Management are Greenwich Investment Management and Main Line Retirement Advisors. They manage $127 billion and $127 billion respectively.
Deepak Tejwaney investment strategy
Marketfield Asset Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Industrials — making up 20.4% 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 large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
49% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $100 billion.
The complete list of Marketfield Asset Management trades based on 13F SEC filings
These positions were updated on May 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 |
|---|---|---|---|
| Conocophillips |
1.65%
47,837
|
$6,088,693,000 | 4.79% |
| Caterpillar Inc. |
2.49%
16,302
|
$5,973,542,000 | 4.70% |
| Toyota Motor Corporation |
Opened
23,174
|
$5,832,432,000 | 4.59% |
| Intuitive Surgical Inc |
Opened
13,613
|
$5,432,812,000 | 4.27% |
| Schlumberger Ltd. |
0.96%
97,999
|
$5,371,325,000 | 4.22% |
| VanEck ETF Trust |
19.30%
167,397
|
$5,293,093,000 | 4.16% |
| Costco Whsl Corp New |
12.06%
7,125
|
$5,219,989,000 | 4.10% |
| D.R. Horton Inc. |
Closed
56,353
|
$5,023,306,000 | |
| Star Bulk Carriers Corp |
Opened
209,105
|
$4,991,336,000 | 3.92% |
| Sherwin-Williams Co. |
15.08%
14,139
|
$4,910,899,000 | 3.86% |
| Deere & Co. |
0.40%
11,951
|
$4,908,754,000 | 3.86% |
| Marathon Pete Corp |
Opened
23,327
|
$4,700,391,000 | 3.70% |
| Eagle Matls Inc |
Opened
17,096
|
$4,645,838,000 | 3.65% |
| Cummins Inc. |
3.65%
15,325
|
$4,515,511,000 | 3.55% |
| Ishares Tr |
Closed
146,063
|
$4,478,292,000 | |
| Norfolk Southn Corp |
0.73%
17,279
|
$4,403,899,000 | 3.46% |
| Franco Nev Corp |
Closed
31,184
|
$4,255,992,000 | |
| Spdr Ser Tr |
4.78%
26,238
|
$4,065,053,000 | 3.20% |
| Mohawk Inds Inc |
3.70%
29,542
|
$3,866,752,000 | 3.04% |
| Chevron Corp. |
4.34%
24,239
|
$3,823,460,000 | 3.01% |
| Freeport-McMoRan Inc |
3.58%
78,886
|
$3,709,220,000 | 2.92% |
| Devon Energy Corp. |
3.51%
73,744
|
$3,700,474,000 | 2.91% |
| Union Pac Corp |
2.18%
14,704
|
$3,616,155,000 | 2.84% |
| Cleveland-Cliffs Inc |
Closed
208,425
|
$3,357,727,000 | |
| Rockwell Automation Inc |
3.40%
11,032
|
$3,213,953,000 | 2.53% |
| Mosaic Co New |
Closed
72,517
|
$3,181,321,000 | |
| Home Depot, Inc. |
Opened
8,161
|
$3,130,560,000 | 2.46% |
| Genco Shipping & Trading Ltd |
Opened
153,702
|
$3,124,762,000 | 2.46% |
| Ryman Hospitality Pptys Inc |
Opened
25,000
|
$2,890,250,000 | 2.27% |
| Lennar Corp. |
47.62%
16,600
|
$2,854,868,000 | 2.24% |
| Eog Res Inc |
3.63%
21,491
|
$2,747,409,000 | 2.16% |
| Tesla Inc |
Opened
14,599
|
$2,566,358,000 | 2.02% |
| Newmont Corp |
Closed
54,247
|
$2,560,458,000 | |
| Rio Tinto plc |
3.38%
40,054
|
$2,537,020,000 | 1.99% |
| Barrick Gold Corp. |
3.29%
149,927
|
$2,494,785,000 | 1.96% |
| Golar Lng |
3.58%
98,540
|
$2,370,872,000 | 1.86% |
| St. Joe Co. |
16.59%
35,827
|
$2,076,891,000 | 1.63% |
| Intel Corp. |
Closed
42,213
|
$1,115,690,000 | |
| Compania De Minas Buenaventu |
Closed
103,607
|
$771,872,000 | |
| Ishares Silver Tr |
147.96%
30,055
|
$683,751,000 | 0.54% |
| Spdr Gold Tr |
52.27%
3,257
|
$670,030,000 | 0.53% |
| VanEck ETF Trust |
Closed
86,773
|
$490,267,000 | |
| Wheaton Precious Metals Corp |
82.51%
9,223
|
$434,680,000 | 0.34% |
| CIENA Corp. |
52.32%
6,280
|
$310,546,000 | 0.24% |
| No transactions found | |||
| Showing first 500 out of 44 holdings | |||
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