Gobi Capital 13F annual report

Gobi Capital is an investment fund managing more than $1.58 trillion ran by Steven Chen. There are currently 10 companies in Mr. Chen’s portfolio. The largest investments include Meta Platforms Inc and Alphabet Inc, together worth $638 billion.

$1.58 trillion Assets Under Management (AUM)

As of 7th August 2024, Gobi Capital’s top holding is 775,279 shares of Meta Platforms Inc currently worth over $391 billion and making up 24.8% of the portfolio value. Relative to the number of outstanding shares of Meta Platforms Inc, Gobi Capital owns more than approximately 0.1% of the company. In addition, the fund holds 1,345,440 shares of Alphabet Inc worth $247 billion, whose value grew 12.8% in the past six months. The third-largest holding is Credit Accep Corp Mich worth $193 billion and the next is Copart worth $187 billion, with 3,451,206 shares owned.

Currently, Gobi Capital's portfolio is worth at least $1.58 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 Gobi Capital

The Gobi Capital office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Steven Chen serves as the Chief Compliance Officer at Gobi Capital.

Recent trades

In the most recent 13F filing, Gobi Capital revealed that it had increased its stake in Credit Accep Corp Mich and bought 8,772 additional shares worth around .

On the other hand, there are companies that Gobi Capital is getting rid of from its portfolio. Gobi Capital closed its position in CDW Corp on 14th August 2024. It sold the previously owned 10,240 shares for $2.62 billion. Steven Chen also disclosed a decreased stake in Meta Platforms Inc by approximately 0.1%. This leaves the value of the investment at $391 billion and 775,279 shares.

One of the largest hedge funds

The two most similar investment funds to Gobi Capital are Value Partners Investments and Grandfield & Dodd. They manage $1.58 trillion and $1.58 trillion respectively.

Steven Chen investment strategy

Gobi Capital’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 45.6% of the total portfolio value. The fund focuses on investments in the United States as 70.0% 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 60% 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 $287 billion.

The complete list of Gobi Capital 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
Meta Platforms Inc	2.94% 775,279	$390,911,177,000	24.77%
Alphabet Inc	0.88% 1,345,440	$246,780,605,000	15.63%
Credit Accep Corp Mich	2.40% 374,522	$192,758,983,000	12.21%
Copart, Inc.	0.04% 3,451,206	$186,917,317,000	11.84%
Netflix Inc.	11.95% 230,570	$155,607,082,000	9.86%
Heico Corp.	7.31% 657,883	$116,787,390,000	7.40%
HCA Healthcare Inc	No change 292,382	$93,936,489,000	5.95%
ePlus Inc	10.16% 1,113,257	$82,024,776,000	5.20%
Karooooo Ltd	0.25% 2,200,668	$64,479,572,000	4.09%
First Ctzns Bancshares Inc N	53.10% 28,627	$48,196,703,000	3.05%
CDW Corp	Closed 10,240	$2,619,187,000
No transactions found
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