Milestone Resources Ltd 13F annual report
Milestone Resources Ltd is an investment fund managing more than $2.92 billion ran by Rahul Jagtiani. There are currently 26 companies in Mr. Jagtiani’s portfolio. The largest investments include NVIDIA Corp and Meta Platforms Inc, together worth $834 million.
$2.92 billion Assets Under Management (AUM)
As of 26th July 2024, Milestone Resources Ltd’s top holding is 4,387,190 shares of NVIDIA Corp currently worth over $542 million and making up 18.6% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Milestone Resources Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 578,417 shares of Meta Platforms Inc worth $292 million, whose value grew 4.8% in the past six months.
The third-largest holding is Alphabet Inc worth $270 million and the next is Microsoft worth $254 million, with 568,973 shares owned.
Currently, Milestone Resources Ltd's portfolio is worth at least $2.92 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 Milestone Resources Ltd
The Milestone Resources Ltd office and employees reside in Dubai, United Arab Emirates. According to the last 13-F report filed with the SEC, Rahul Jagtiani serves as the Authorized Signatory at Milestone Resources Ltd.
Recent trades
In the most recent 13F filing, Milestone Resources Ltd revealed that it had increased its stake in
NVIDIA Corp and bought 3,948,471 additional shares worth around $412 million.
This means they effectively own approximately 0.1% of the company.
NVIDIA Corp makes up
36.4%
of the fund's Technology sector allocation and has decreased its share price by 75.3% in the past year.
On the other hand, there are companies that Milestone Resources Ltd is getting rid of from its portfolio.
Milestone Resources Ltd closed its position in Accenture Plc Ireland on 2nd August 2024.
It sold the previously owned 423,914 shares for $147 million.
Rahul Jagtiani also disclosed a decreased stake in Unitedhealth Inc by approximately 0.1%.
This leaves the value of the investment at $115 million and 225,114 shares.
One of the smallest hedge funds
The two most similar investment funds to Milestone Resources Ltd are First Allied Advisory Services and Vestcor Inc. They manage $2.92 billion and $2.92 billion respectively.
Rahul Jagtiani investment strategy
Milestone Resources Ltd’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 51.0% of
the total portfolio value.
The fund focuses on investments in the United States as
65.4% 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
65% 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 $394 billion.
The complete list of Milestone Resources Ltd trades based on 13F SEC filings
These positions were updated on August 2nd 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 |
|---|---|---|---|
| NVIDIA Corp |
900.00%
4,387,190
|
$541,993,000 | 18.57% |
| Meta Platforms Inc |
0.19%
578,417
|
$291,649,000 | 9.99% |
| Alphabet Inc |
No change
1,479,848
|
$269,554,000 | 9.23% |
| Microsoft Corporation |
No change
568,973
|
$254,302,000 | 8.71% |
| Icici Bank Limited |
No change
6,514,602
|
$187,686,000 | 6.43% |
| Amazon.com Inc. |
0.35%
897,775
|
$173,495,000 | 5.94% |
| Accenture Plc Ireland |
Closed
423,914
|
$146,933,000 | |
| Thermo Fisher Scientific Inc. |
No change
219,989
|
$121,654,000 | 4.17% |
| Sherwin-Williams Co. |
No change
397,020
|
$118,483,000 | 4.06% |
| Unitedhealth Group Inc |
0.37%
225,114
|
$114,642,000 | 3.93% |
| Sp Global Inc |
No change
254,269
|
$113,404,000 | 3.88% |
| Adobe Systems Incorporated |
No change
201,187
|
$111,767,000 | 3.83% |
| Intuit Inc |
No change
162,878
|
$107,045,000 | 3.67% |
| Zoetis Inc |
No change
609,813
|
$105,717,000 | 3.62% |
| Abbott Labs |
5.18%
940,458
|
$97,723,000 | 3.35% |
| Salesforce Com Inc |
No change
324,479
|
$83,424,000 | 2.86% |
| Visa Inc |
No change
315,323
|
$82,763,000 | 2.83% |
| Mastercard Incorporated |
No change
184,982
|
$81,607,000 | 2.80% |
| PayPal Holdings Inc |
No change
349,918
|
$20,306,000 | 0.70% |
| Asml Holding N V |
4,702.74%
14,024
|
$14,343,000 | 0.49% |
| Match Group Inc. |
No change
430,799
|
$13,088,000 | 0.45% |
| Snap Inc |
No change
648,699
|
$10,775,000 | 0.37% |
| Tesla Inc |
11.91%
11,320
|
$2,240,000 | 0.08% |
| Arm Holdings Plc Adr |
No change
5,970
|
$977,000 | 0.03% |
| Broadcom Inc |
No change
215
|
$345,000 | 0.01% |
| Applied Matls Inc |
No change
942
|
$222,000 | 0.01% |
| Lam Research Corp Common Stock Usd 0.001 |
No change
201
|
$214,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 27 holdings | |||
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