M.d. Sass 13F annual report

M.d. Sass is an investment fund managing more than $1.23 trillion ran by Bobby Liu. There are currently 32 companies in Mr. Liu’s portfolio. The largest investments include Liberty Media and Caci International, together worth $177 billion.

Limited to 30 biggest holdings

$1.23 trillion Assets Under Management (AUM)

As of 6th August 2024, M.d. Sass’s top holding is 1,285,233 shares of Liberty Media currently worth over $92.3 billion and making up 7.5% of the portfolio value. Relative to the number of outstanding shares of Liberty Media, M.d. Sass owns more than approximately 0.1% of the company. In addition, the fund holds 197,212 shares of Caci International worth $84.8 billion, whose value grew 29.8% in the past six months. The third-largest holding is APi worth $81 billion and the next is Clean Harbors worth $74.1 billion, with 327,477 shares owned.

Currently, M.d. Sass's portfolio is worth at least $1.23 trillion. 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 M.d. Sass

The M.d. Sass office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Bobby Liu serves as the Chief Operating Officer and General Counsel at M.d. Sass.

Recent trades

In the most recent 13F filing, M.d. Sass revealed that it had opened a new position in Liberty Media and bought 1,285,233 shares worth $92.3 billion. This means they effectively own approximately 0.1% of the company. Liberty Media makes up 59.3% of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Caci International by buying 56,260 additional shares. This makes their stake in Caci International total 197,212 shares worth $84.8 billion. Caci International dropped approximately 0.1% in the past year.

On the other hand, there are companies that M.d. Sass is getting rid of from its portfolio. M.d. Sass closed its position in Ishares Tr on 13th August 2024. It sold the previously owned 964,011 shares for $99.8 billion. Bobby Liu also disclosed a decreased stake in Cencora by 0.3%. This leaves the value of the investment at $31.7 billion and 140,908 shares.

One of the largest hedge funds

The two most similar investment funds to M.d. Sass are Apexium , L.P. and Corda Investment Management,. They manage $1.23 trillion and $1.23 trillion respectively.

Bobby Liu investment strategy

M.d. Sass’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 21.7% of the total portfolio value. The fund focuses on investments in the United States as 68.8% 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 47% 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 $226 billion.

The complete list of M.d. Sass trades based on 13F SEC filings

These positions were updated on August 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
Liberty Media Corp.	Opened 1,285,233	$92,331,139,000	7.51%
Ishares Tr	Closed 964,011	$99,849,840,000
Caci International Inc.	39.91% 197,212	$84,826,798,000	6.90%
APi Group Corporation	29.75% 2,152,878	$81,012,799,000	6.59%
Clean Harbors, Inc.	137.54% 327,477	$74,058,924,000	6.03%
Vanguard Index Fds	29.68% 147,280	$73,659,146,000	5.99%
Marvell Technology Inc	Opened 1,007,381	$70,415,932,000	5.73%
Jabil Inc	Opened 590,571	$64,248,219,000	5.23%
Charles Riv Labs Intl Inc	76.08% 308,945	$63,821,858,000	5.19%
SBA Communications Corp	Opened 322,506	$63,307,928,000	5.15%
Crown Holdings, Inc.	Opened 839,035	$62,415,788,000	5.08%
Lamb Weston Holdings Inc	Opened 732,673	$61,603,146,000	5.01%
Danaher Corp.	Opened 199,678	$49,889,548,000	4.06%
Cbre Group Inc	85.97% 541,144	$48,221,342,000	3.92%
Ametek Inc	Opened 284,037	$47,351,808,000	3.85%
Liberty Media Corp.	Closed 540,195	$40,665,880,000
Dollar Gen Corp New	Opened 290,664	$38,434,501,000	3.13%
ON Semiconductor Corp.	150.14% 540,474	$37,049,493,000	3.01%
Avantor, Inc.	Closed 1,780,762	$36,576,851,000
Air Prods & Chems Inc	Opened 130,576	$33,695,137,000	2.74%
Target Corp	Opened 225,852	$33,435,130,000	2.72%
Cencora Inc.	29.01% 140,908	$31,746,572,000	2.58%
Chemed Corp.	Closed 58,266	$31,560,944,000
World Wrestling Entmt Inc	Closed 272,173	$29,522,605,000
Wabtec	37.95% 180,619	$28,546,833,000	2.32%
RTX Corp	46.93% 255,184	$25,617,922,000	2.08%
Flex Ltd	Closed 877,839	$24,263,470,000
Schwab Charles Corp	Closed 392,998	$22,275,127,000
Walker & Dunlop Inc	46.00% 190,880	$18,744,416,000	1.53%
Advanced Drain Sys Inc Del	Closed 161,318	$18,354,762,000
Corteva Inc	Closed 220,468	$12,632,816,000
Copart, Inc.	Closed 122,221	$11,147,777,000
Ishares Tr	Opened 48,413	$8,446,616,000	0.69%
Amazon.com Inc.	16.07% 41,165	$7,955,136,000	0.65%
Blue Owl Capital Inc	88.39% 322,479	$5,724,001,000	0.47%
Spdr S&p 500 Etf Tr	77.98% 10,220	$5,561,928,000	0.45%
Palo Alto Networks Inc	Opened 14,124	$4,788,177,000	0.39%
Microsoft Corporation	0.92% 8,288	$3,704,322,000	0.30%
Apple Inc	Opened 13,100	$2,759,122,000	0.22%
Ishares Tr	37.15% 49,100	$2,608,683,000	0.21%
NVIDIA Corp	Opened 13,300	$1,643,082,000	0.13%
Spdr Ser Tr	Closed 16,683	$1,531,833,000
Option Care Health, Inc.	100.38% 45,913	$1,271,790,000	0.10%
No transactions found
Showing first 500 out of 43 holdings