Cross Creek Advisors 13F annual report

Cross Creek Advisors is an investment fund managing more than $20.5 billion ran by Tyler Christensen. There are currently 9 companies in Mr. Christensen’s portfolio. The largest investments include Sumo Logic and Rover Group, Inc., together worth $8.05 billion.

$20.5 billion Assets Under Management (AUM)

As of 6th February 2023, Cross Creek Advisors’s top holding is 566,462 shares of Sumo Logic currently worth over $4.59 billion and making up 22.4% of the portfolio value. Relative to the number of outstanding shares of Sumo Logic, Cross Creek Advisors owns more than approximately 0.1% of the company. In addition, the fund holds 943,745 shares of Rover Group, Inc. worth $3.46 billion. The third-largest holding is Accolade worth $2.79 billion and the next is Legalzoom.com, Inc. worth $2.66 billion, with 344,232 shares owned.

Currently, Cross Creek Advisors's portfolio is worth at least $20.5 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 Cross Creek Advisors

The Cross Creek Advisors office and employees reside in Salt Lake City, Utah. According to the last 13-F report filed with the SEC, Tyler Christensen serves as the Managing Director at Cross Creek Advisors.

Recent trades

In the most recent 13F filing, Cross Creek Advisors revealed that it had opened a new position in GitLab and bought 29,350 shares worth $1.33 billion.

On the other hand, there are companies that Cross Creek Advisors is getting rid of from its portfolio. Cross Creek Advisors closed its position in Poshmark on 13th February 2023. It sold the previously owned 125,000 shares for $1.96 million.

One of the average hedge funds

The two most similar investment funds to Cross Creek Advisors are Southport Management, L.L.C and State Of Tennessee, Treasury Department. They manage $20.6 billion and $20.6 billion respectively.

Tyler Christensen investment strategy

Cross Creek Advisors’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 28.9% of the total portfolio value. The fund focuses on investments in the United States as 55.6% 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 11% 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 $6.55 billion.

The complete list of Cross Creek Advisors trades based on 13F SEC filings

These positions were updated on February 13th 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
Sumo Logic, Inc.	No change 566,462	$4,588,342,000	22.37%
Rover Group, Inc.	No change 943,745	$3,463,544,000	16.88%
Accolade, Inc.	No change 357,607	$2,785,759,000	13.58%
Legalzoom.com, Inc.	No change 344,232	$2,664,356,000	12.99%
Bright Health Group Inc.	No change 3,536,600	$2,298,436,000	11.20%
Braze, Inc.	No change 83,384	$2,274,716,000	11.09%
GitLab Inc.	Opened 29,350	$1,333,664,000	6.50%
Coinbase, Inc.	No change 31,183	$1,103,566,000	5.38%
Sirius XM Holdings Inc	No change 482	$2,114,000	0.01%
Poshmark, Inc.	Closed 125,000	$1,959,000
No transactions found
Showing first 500 out of 10 holdings