Bishop Rock Capital, L.P. 13F annual report
Bishop Rock Capital, L.P. is an investment fund managing more than $24.3 billion ran by Stephen Cohen. There are currently 18 companies in Mr. Cohen’s portfolio. The largest investments include Spdr S&p 500 Etf Tr and Intercontinental Exchange Ord, together worth $4.73 billion.
$24.3 billion Assets Under Management (AUM)
As of 6th November 2023, Bishop Rock Capital, L.P.’s top holding is 6,517 shares of Spdr S&p 500 Etf Tr currently worth over $2.79 billion and making up 11.4% of the portfolio value.
In addition, the fund holds 17,685 shares of Intercontinental Exchange Ord worth $1.95 billion.
The third-largest holding is Marsh & McLennan Cos worth $1.93 billion and the next is Microsoft worth $1.93 billion, with 6,119 shares owned.
Currently, Bishop Rock Capital, L.P.'s portfolio is worth at least $24.3 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 Bishop Rock Capital, L.P.
The Bishop Rock Capital, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Stephen Cohen serves as the Chief Compliance Officer at Bishop Rock Capital, L.P..
Recent trades
In the most recent 13F filing, Bishop Rock Capital, L.P. revealed that it had opened a new position in
Intercontinental Exchange Ord and bought 17,685 shares worth $1.95 billion.
The investment fund also strengthened its position in Sherwin-Williams Co by buying
4,016 additional shares.
This makes their stake in Sherwin-Williams Co total 6,883 shares worth $1.76 billion.
Sherwin-Williams Co dropped approximately 0.1% in the past year.
On the other hand, there are companies that Bishop Rock Capital, L.P. is getting rid of from its portfolio.
Bishop Rock Capital, L.P. closed its position in Waste Connections Inc on 13th November 2023.
It sold the previously owned 36,803 shares for $5.26 billion.
Stephen Cohen also disclosed a decreased stake in Spdr S&p 500 Etf Tr by 0.4%.
This leaves the value of the investment at $2.79 billion and 6,517 shares.
One of the smallest hedge funds
The two most similar investment funds to Bishop Rock Capital, L.P. are Brightline Capital Management and Biglari, Sardar. They manage $24.4 billion and $24.3 billion respectively.
Stephen Cohen investment strategy
Bishop Rock Capital, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 29.1% of
the total portfolio value.
The fund focuses on investments in the United States as
61.1% 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
72% 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 $332 billion.
The complete list of Bishop Rock Capital, L.P. trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Waste Connections Inc |
Closed
36,803
|
$5,260,253,000 | |
| American Finl Group Inc Ohio |
Closed
37,161
|
$4,412,869,000 | |
| Stericycle Inc. |
Closed
60,991
|
$2,832,422,000 | |
| Spdr S&p 500 Etf Tr |
44.46%
6,517
|
$2,785,887,000 | 11.44% |
| FirstService Corp |
Closed
12,927
|
$1,991,921,000 | |
| Intercontinental Exchange Ord |
Opened
17,685
|
$1,945,704,000 | 7.99% |
| Marsh & McLennan Cos., Inc. |
63.15%
10,153
|
$1,932,116,000 | 7.94% |
| Microsoft Corporation |
59.88%
6,119
|
$1,932,074,000 | 7.93% |
| Arthur J Gallagher Ord |
64.39%
8,475
|
$1,931,707,000 | 7.93% |
| Ansys Inc. |
58.56%
6,477
|
$1,927,231,000 | 7.92% |
| Visa Inc |
61.68%
8,370
|
$1,925,184,000 | 7.91% |
| Canadian Pac Ry Ltd |
60.24%
25,827
|
$1,923,427,000 | 7.90% |
| S&P Global Inc |
59.14%
5,257
|
$1,920,960,000 | 7.89% |
| Sherwin-Williams Co. |
140.08%
6,883
|
$1,755,509,000 | 7.21% |
| Vanguard S&p 500 Index Fund |
56.18%
4,298
|
$1,687,825,000 | 6.93% |
| Alphabet Inc |
53.55%
4,797
|
$627,735,000 | 2.58% |
| Mastercard Incorporated |
66.24%
1,573
|
$622,766,000 | 2.56% |
| Descartes Sys Group Inc |
Closed
5,855
|
$469,044,000 | |
| Danaher Corp. |
Closed
1,741
|
$417,840,000 | |
| MSCI Inc |
72.11%
778
|
$399,176,000 | 1.64% |
| Tyler Technologies, Inc. |
71.83%
827
|
$319,338,000 | 1.31% |
| Aon plc. |
55.62%
896
|
$290,501,000 | 1.19% |
| Icon Plc |
55.02%
879
|
$216,454,000 | 0.89% |
| IQVIA Holdings Inc |
55.04%
1,043
|
$205,210,000 | 0.84% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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