Legion Partners Asset Management 13F annual report
Legion Partners Asset Management is an investment fund managing more than $432 billion ran by Raymond White. There are currently 12 companies in Mr. White’s portfolio. The largest investments include Advance Auto Parts Inc and Digitalbridge Group Inc, together worth $97.1 billion.
$432 billion Assets Under Management (AUM)
As of 7th August 2024, Legion Partners Asset Management’s top holding is 786,250 shares of Advance Auto Parts Inc currently worth over $49.8 billion and making up 18.5% of the portfolio value.
Relative to the number of outstanding shares of Advance Auto Parts Inc, Legion Partners Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 3,453,253 shares of Digitalbridge Group Inc worth $47.3 billion.
The third-largest holding is Chefs Whse Inc worth $43.2 billion and the next is Clear Channel Outdoor Hldgs worth $36.6 billion, with 25,948,728 shares owned.
Currently, Legion Partners Asset Management's portfolio is worth at least $432 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 Legion Partners Asset Management
The Legion Partners Asset Management office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Raymond White serves as the Chief Compliance Officer at Legion Partners Asset Management.
Recent trades
In the most recent 13F filing, Legion Partners Asset Management revealed that it had opened a new position in
Payoneer Global Inc and bought 2,231,005 shares worth $12.4 billion.
The investment fund also strengthened its position in Advance Auto Parts Inc by buying
13,300 additional shares.
This makes their stake in Advance Auto Parts Inc total 786,250 shares worth $49.8 billion.
Advance Auto Parts Inc dropped 15.4% in the past year.
On the other hand, there are companies that Legion Partners Asset Management is getting rid of from its portfolio.
Legion Partners Asset Management closed its position in V F Corp on 14th August 2024.
It sold the previously owned 1,239,310 shares for $19 billion.
Raymond White also disclosed a decreased stake in Chefs Whse Inc by 0.2%.
This leaves the value of the investment at $43.2 billion and 1,103,958 shares.
One of the smaller hedge funds
The two most similar investment funds to Legion Partners Asset Management are Perspectives, Inc and Channel Wealth. They manage $269 billion and $269 billion respectively.
Raymond White investment strategy
Legion Partners Asset Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 20.1% of
the total portfolio value.
The fund focuses on investments in the United States as
58.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.12 billion.
The complete list of Legion Partners Asset Management 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 |
|---|---|---|---|
| Advance Auto Parts Inc |
1.72%
786,250
|
$49,793,213,000 | 18.48% |
| Digitalbridge Group Inc |
3.33%
3,453,253
|
$47,309,566,000 | 17.56% |
| Chefs Whse Inc |
16.91%
1,103,958
|
$43,175,797,000 | 16.03% |
| Clear Channel Outdoor Hldgs |
No change
25,948,728
|
$36,587,706,000 | 13.58% |
| OneSpan Inc |
12.04%
2,645,775
|
$33,918,836,000 | 12.59% |
| V F Corp |
Closed
1,239,310
|
$19,011,015,000 | |
| Lifecore Biomedical Inc |
0.62%
2,968,409
|
$15,227,938,000 | 5.65% |
| NN Inc |
11.91%
4,791,929
|
$14,375,787,000 | 5.34% |
| Payoneer Global Inc |
Opened
2,231,005
|
$12,359,768,000 | 4.59% |
| Bloomin Brands Inc |
Closed
279,298
|
$8,010,267,000 | |
| Globalstar Inc. |
0.46%
5,420,100
|
$6,070,512,000 | 2.25% |
| Garrett Motion Inc |
78.40%
521,156
|
$4,476,730,000 | 1.66% |
| Twilio Inc |
90.39%
57,750
|
$3,280,778,000 | 1.22% |
| Primo Water Corporation |
94.44%
128,664
|
$2,812,595,000 | 1.04% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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