Caspian Capital L.P. 13F annual report

Caspian Capital L.P. is an investment fund managing more than $55.4 billion ran by Dominick Cromartie. There are currently 4 companies in Mr. Cromartie’s portfolio. The largest investments include Ftai Infrastructure Inc and Hudson Technologies, together worth $45.1 billion.

$55.4 billion Assets Under Management (AUM)

As of 7th August 2024, Caspian Capital L.P.’s top holding is 4,361,307 shares of Ftai Infrastructure Inc currently worth over $37.6 billion and making up 67.9% of the portfolio value. In addition, the fund holds 849,359 shares of Hudson Technologies worth $7.47 billion, whose value fell 45.6% in the past six months. The third-largest holding is Bausch Plus Lomb Corp worth $6.9 billion and the next is Pediatrix Medical Inc worth $3.4 billion, with 450,000 shares owned.

Currently, Caspian Capital L.P.'s portfolio is worth at least $55.4 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 Caspian Capital L.P.

The Caspian Capital L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Dominick Cromartie serves as the General Counsel and Chief Compliance Officer at Caspian Capital L.P..

Recent trades

In the most recent 13F filing, Caspian Capital L.P. revealed that it had opened a new position in Pediatrix Medical Inc and bought 450,000 shares worth $3.4 billion. This means they effectively own approximately 0.1% of the company. Pediatrix Medical Inc makes up 100.0% of the fund's Health Care sector allocation and has decreased its share price by 30.6% in the past year.

The investment fund also strengthened its position in Hudson Technologies by buying 150,000 additional shares. This makes their stake in Hudson Technologies total 849,359 shares worth $7.47 billion. Hudson Technologies dropped 19.5% in the past year.

On the other hand, there are companies that Caspian Capital L.P. is getting rid of from its portfolio. Caspian Capital L.P. closed its position in FTAI Aviation Ltd on 14th August 2024. It sold the previously owned 307,420 shares for $20.7 billion.

One of the smallest hedge funds

The two most similar investment funds to Caspian Capital L.P. are Reitz Capital Advisors and Dekabank Deutsche Girozentrale. They manage $55.6 billion and $55.6 billion respectively.

Dominick Cromartie investment strategy

Caspian Capital L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Industrials — making up 13.5% of the total portfolio value. The fund focuses on investments in the United States as 50.0% 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 $880 million.

The complete list of Caspian Capital L.P. 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
Ftai Infrastructure Inc	No change 4,361,307	$37,638,079,000	67.94%
FTAI Aviation Ltd	Closed 307,420	$20,689,366,000
Hudson Technologies, Inc.	21.45% 849,359	$7,465,866,000	13.48%
Bausch Plus Lomb Corp	42.59% 475,000	$6,897,000,000	12.45%
Pediatrix Medical Group Inc	Opened 450,000	$3,397,500,000	6.13%
No transactions found
Showing first 500 out of 5 holdings