Scale Management 13F annual report

Scale Management is an investment fund managing more than $359 million ran by Rory Odriscoll. There are currently 3 companies in Mr. Odriscoll’s portfolio. The largest investments include JFrog Ltd and Alimera Sciences, together worth $359 million.

$359 million Assets Under Management (AUM)

As of 5th February 2021, Scale Management’s top holding is 5,697,177 shares of JFrog Ltd currently worth over $358 million and making up 99.6% of the portfolio value. Relative to the number of outstanding shares of JFrog Ltd, Scale Management owns less than approximately 0.1% of the company. In addition, the fund holds 178,259 shares of Alimera Sciences worth $752 thousand, whose value grew 35.0% in the past six months. The third-largest holding is Bill.com Inc worth $512 thousand.

Currently, Scale Management's portfolio is worth at least $359 million. 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 Scale Management

The Scale Management office and employees reside in Foster City, California. According to the last 13-F report filed with the SEC, Rory Odriscoll serves as the Manager, Scale Management, LLC at Scale Management.

Recent trades

In the most recent 13F filing, Scale Management revealed that it had opened a new position in JFrog Ltd and bought 5,697,177 shares worth $358 million.

On the other hand, there are companies that Scale Management is getting rid of from its portfolio. Scale Management closed its position in Horizon Pharma Plc on 12th February 2021. It sold the previously owned 1,710,451 shares for $31 million. Rory Odriscoll also disclosed a decreased stake in Alimera Sciences by 1.0%. This leaves the value of the investment at $752 thousand and 178,259 shares.

One of the smaller hedge funds

The two most similar investment funds to Scale Management are Ostrum Asset Management U.s and Mirabella Financial Services LL.P.. They manage $359 million and $359 million respectively.

Rory Odriscoll investment strategy

Scale Management’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 99.8% of the total portfolio value. The fund focuses on investments in the United States as 100.0% 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 33% of the total holdings value. On the other hand, small-cap stocks make up 33.3% of the portfolio. The average market cap of the portfolio companies is close to $7.31 billion.

The complete list of Scale Management trades based on 13F SEC filings

These positions were updated on February 12th 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
JFrog Ltd	Opened 5,697,177	$357,954,000	99.65%
Horizon Pharma Plc	Closed 1,710,451	$31,010,000
Everyday Health, Inc.	Closed 1,054,979	$8,112,000
Alimera Sciences Inc.	95.51% 178,259	$752,000	0.21%
Bill.com Holdings Inc	Opened 3,750	$512,000	0.14%
Orexigen Therapeutics, Inc.	Closed 131,257	$435,000
No transactions found
Showing first 500 out of 6 holdings