General Equity L.P. 13F annual report

General Equity L.P. is an investment fund managing more than $164 billion ran by Elizabeth Kostolansky. There are currently 5 companies in Mrs. Kostolansky’s portfolio. The largest investments include Carvana Co and Onewater Marine Inc, together worth $148 billion.

$164 billion Assets Under Management (AUM)

As of 7th August 2024, General Equity L.P.’s top holding is 1,063,062 shares of Carvana Co currently worth over $137 billion and making up 83.6% of the portfolio value. Relative to the number of outstanding shares of Carvana Co, General Equity L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 407,490 shares of Onewater Marine Inc worth $11.2 billion, whose value fell 13.7% in the past six months. The third-largest holding is PDD Inc worth $5.32 billion and the next is Lemonade worth $5.2 billion, with 315,000 shares owned.

Currently, General Equity L.P.'s portfolio is worth at least $164 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 General Equity L.P.

The General Equity L.P. office and employees reside in Brooklyn, New York. According to the last 13-F report filed with the SEC, Elizabeth Kostolansky serves as the Chief Operating Officer at General Equity L.P..

Recent trades

In the most recent 13F filing, General Equity L.P. revealed that it had opened a new position in PDD Inc and bought 40,000 shares worth $5.32 billion. This means they effectively own approximately 0.1% of the company. PDD Inc makes up 3.5% of the fund's Consumer Discretionary sector allocation and has grown its share price by 74.9% in the past year.

The investment fund also strengthened its position in Carvana Co by buying 672,755 additional shares. This makes their stake in Carvana Co total 1,063,062 shares worth $137 billion. Carvana Co soared 224.8% in the past year.

On the other hand, there are companies that General Equity L.P. is getting rid of from its portfolio. General Equity L.P. closed its position in Medifast Inc on 14th August 2024. It sold the previously owned 87,459 shares for $15.8 million. Elizabeth Kostolansky also disclosed a decreased stake in Onewater Marine Inc by 0.2%. This leaves the value of the investment at $11.2 billion and 407,490 shares.

One of the smallest hedge funds

The two most similar investment funds to General Equity L.P. are Sterling Investment Advisors adv and Xiamen Xinweidachuang Investment Partnership ( Partnership). They manage $164 billion and $164 billion respectively.

Elizabeth Kostolansky investment strategy

General Equity L.P.’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 93.7% of the total portfolio value. The fund focuses on investments in the United States as 80.0% 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 20% 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 $23.2 billion.

The complete list of General Equity 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
Carvana Co.	172.37% 1,063,062	$136,837,341,000	83.58%
Onewater Marine Inc	21.12% 407,490	$11,234,499,000	6.86%
PDD Holdings Inc	Opened 40,000	$5,318,000,000	3.25%
Lemonade, Inc.	Opened 315,000	$5,197,500,000	3.17%
Cardlytics Inc	Opened 624,058	$5,123,516,000	3.13%
Medifast Inc	Closed 87,459	$15,787,000
Liberty Broadband Corp	Closed 61,497	$7,112,000
Oak Str Health Inc	Closed 428,200	$7,040,000
Academy Sports & Outdoors In	Closed 169,723	$6,032,000
Datadog Inc	Closed 59,316	$5,649,000
Confluent Inc	Closed 188,381	$4,378,000
Sprout Social, Inc.	Closed 57,686	$3,350,000
Joint Corp	Closed 203,042	$3,109,000
Progyny Inc	Closed 75,056	$2,180,000
No transactions found
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