Socorro Asset Management L.P. 13F annual report

Socorro Asset Management L.P. is an investment fund managing more than $257 billion ran by Dawn Blankenship. There are currently 32 companies in Mrs. Blankenship’s portfolio. The largest investments include Schlumberger and Sempra, together worth $21 billion.

Limited to 30 biggest holdings

$257 billion Assets Under Management (AUM)

As of 7th August 2024, Socorro Asset Management L.P.’s top holding is 226,674 shares of Schlumberger currently worth over $10.7 billion and making up 4.2% of the portfolio value. Relative to the number of outstanding shares of Schlumberger, Socorro Asset Management L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 134,905 shares of Sempra worth $10.3 billion, whose value grew 13.0% in the past six months. The third-largest holding is Texas Instrs Inc worth $9.75 billion and the next is Prologis Inc worth $9.69 billion, with 86,238 shares owned.

Currently, Socorro Asset Management L.P.'s portfolio is worth at least $257 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 Socorro Asset Management L.P.

The Socorro Asset Management L.P. office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Dawn Blankenship serves as the Chief Compliance Officer at Socorro Asset Management L.P..

Recent trades

In the most recent 13F filing, Socorro Asset Management L.P. revealed that it had opened a new position in Schlumberger and bought 226,674 shares worth $10.7 billion. This means they effectively own approximately 0.1% of the company. Schlumberger makes up 37.0% of the fund's Energy sector allocation and has decreased its share price by 26.5% in the past year.

The investment fund also strengthened its position in Sempra by buying 83,139 additional shares. This makes their stake in Sempra total 134,905 shares worth $10.3 billion. Sempra dropped 44.9% in the past year.

On the other hand, there are companies that Socorro Asset Management L.P. is getting rid of from its portfolio. Socorro Asset Management L.P. closed its position in Bristol-Myers Squibb Co on 14th August 2024. It sold the previously owned 132,228 shares for $8.46 billion. Dawn Blankenship also disclosed a decreased stake in Jpmorgan Chase Co. by 0.4%. This leaves the value of the investment at $9.57 billion and 47,305 shares.

One of the smallest hedge funds

The two most similar investment funds to Socorro Asset Management L.P. are Allgen Advisors and Savoir Faire Capital Management, L.P.. They manage $257 billion and $257 billion respectively.

Dawn Blankenship investment strategy

Socorro Asset Management L.P.’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Energy — making up 11.2% of the total portfolio value. The fund focuses on investments in the United States as 53.1% 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 50% of the total holdings value. On the other hand, small-cap stocks make up only 3.1% of the portfolio. The average market cap of the portfolio companies is close to $300 billion.

The complete list of Socorro Asset Management 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
Schlumberger Ltd.	Opened 226,674	$10,694,479,000	4.17%
Sempra	160.61% 134,905	$10,260,874,000	4.00%
Texas Instrs Inc	38.19% 50,137	$9,753,151,000	3.80%
Prologis Inc	31.33% 86,238	$9,685,390,000	3.77%
Teck Resources Ltd	17.62% 200,911	$9,623,637,000	3.75%
Jpmorgan Chase Co.	40.03% 47,305	$9,567,909,000	3.73%
Alexandria Real Estate Eq In	6.39% 78,846	$9,222,617,000	3.59%
Morgan Stanley	7.13% 94,385	$9,173,278,000	3.57%
Coterra Energy Inc	6.24% 343,902	$9,171,866,000	3.57%
Coca-Cola Co	3.19% 141,742	$9,021,878,000	3.51%
Valero Energy Corp.	28.41% 57,404	$8,998,651,000	3.51%
Truist Finl Corp	13.90% 226,855	$8,813,317,000	3.43%
Microsoft Corporation	14.35% 19,150	$8,559,093,000	3.33%
Becton Dickinson Co	2.62% 36,396	$8,506,110,000	3.31%
Bristol-Myers Squibb Co.	Closed 132,228	$8,455,981,000
Union Pac Corp	4.47% 35,481	$8,027,931,000	3.13%
Target Corp	52.97% 53,508	$7,921,324,000	3.09%
Ferguson Plc New	16.32% 40,875	$7,915,444,000	3.08%
Bank America Corp	21.28% 197,452	$7,852,666,000	3.06%
Johnson Ctls Intl Plc	Opened 117,261	$7,794,339,000	3.04%
Lam Research Corp.	44.77% 7,315	$7,789,378,000	3.03%
Alcon Ag	3.92% 85,206	$7,590,150,000	2.96%
Pnc Finl Svcs Group Inc	7.05% 48,138	$7,484,496,000	2.92%
Carrier Global Corporation	42.92% 117,976	$7,441,926,000	2.90%
Camden Ppty Tr	2.69% 67,210	$7,333,283,000	2.86%
Air Prods & Chems Inc	27.88% 27,561	$7,112,116,000	2.77%
Home Depot, Inc.	25.42% 20,245	$6,969,139,000	2.71%
Martin Marietta Matls Inc	46.82% 12,736	$6,900,365,000	2.69%
Pfizer Inc.	Opened 226,406	$6,334,840,000	2.47%
Apple Inc	26.78% 30,035	$6,325,972,000	2.46%
Humana Inc.	29.20% 16,775	$6,267,979,000	2.44%
Rayonier Inc.	12.68% 208,361	$6,061,221,000	2.36%
AES Corp.	Closed 264,096	$5,474,710,000
American Tower Corp.	Opened 13,000	$2,526,940,000	0.98%
No transactions found
Showing first 500 out of 34 holdings