1060 Capital 13F annual report

1060 Capital is an investment fund managing more than $45.9 billion ran by Brian Gustavson. There are currently 11 companies in Mr. Gustavson’s portfolio. The largest investments include Mastec and Golden Entmt Inc, together worth $18.7 billion.

$45.9 billion Assets Under Management (AUM)

As of 7th August 2024, 1060 Capital’s top holding is 100,000 shares of Mastec currently worth over $10.7 billion and making up 23.3% of the portfolio value. Relative to the number of outstanding shares of Mastec, 1060 Capital owns more than approximately 0.1% of the company. In addition, the fund holds 257,859 shares of Golden Entmt Inc worth $8.02 billion. The third-largest holding is Rush Street Interactive worth $7.19 billion and the next is Comfort Sys Usa Inc worth $4.56 billion, with 15,000 shares owned.

Currently, 1060 Capital's portfolio is worth at least $45.9 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 1060 Capital

The 1060 Capital office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Brian Gustavson serves as the President/Co-Founder at 1060 Capital.

Recent trades

In the most recent 13F filing, 1060 Capital revealed that it had opened a new position in Mastec and bought 100,000 shares worth $10.7 billion. This means they effectively own approximately 0.1% of the company. Mastec makes up 100.0% of the fund's Industrials sector allocation and has grown its share price by 15.4% in the past year.

The investment fund also strengthened its position in Full Hse Resorts Inc by buying 63,156 additional shares. This makes their stake in Full Hse Resorts Inc total 420,289 shares worth $2.1 billion.

On the other hand, there are companies that 1060 Capital is getting rid of from its portfolio. 1060 Capital closed its position in Array Technologies on 14th August 2024. It sold the previously owned 750,000 shares for $11.2 billion.

One of the smallest hedge funds

The two most similar investment funds to 1060 Capital are Blossom Wealth Management and Natixis Advisors. They manage $45.9 billion and $46 billion respectively.

Brian Gustavson investment strategy

1060 Capital’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Industrials — making up 23.3% of the total portfolio value. The fund focuses on investments in the United States as 18.2% 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 approximately 0.1% 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 $3.33 billion.

The complete list of 1060 Capital 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
Array Technologies, Inc.	Closed 750,000	$11,182,500,000
Mastec Inc.	Opened 100,000	$10,699,000,000	23.32%
Scotts Miracle-Gro Company	Closed 115,000	$8,577,850,000
Primoris Svcs Corp	Closed 194,860	$8,295,190,000
Golden Entmt Inc	Opened 257,859	$8,021,993,000	17.49%
Las Vegas Sands Corp	Closed 150,000	$7,755,000,000
Rush Street Interactive, Inc.	Opened 750,000	$7,192,500,000	15.68%
Churchill Downs, Inc.	Closed 40,500	$5,011,875,000
Comfort Sys Usa Inc	Opened 15,000	$4,561,800,000	9.94%
Smith A O Corp	Opened 50,000	$4,089,000,000	8.91%
Life Time Group Holdings, Inc.	Closed 250,000	$3,880,000,000
Dave Busters Entmt Inc	Opened 75,100	$2,989,731,000	6.52%
Melco Resorts And Entmnt Ltd	Closed 400,000	$2,884,000,000
Full Hse Resorts Inc	17.68% 420,289	$2,101,445,000	4.58%
Genius Sports Limited	Opened 350,000	$1,907,500,000	4.16%
Red Robin Gourmet Burgers In	Opened 250,000	$1,892,500,000	4.12%
Stagwell Inc	14.45% 200,000	$1,364,000,000	2.97%
Bragg Gaming Group Inc	267.20% 183,601	$1,059,378,000	2.31%
Clarus Corp	Closed 116,239	$784,613,000
No transactions found
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