Flight Deck Capital, L.P. 13F annual report
Flight Deck Capital, L.P. is an investment fund managing more than $81.9 billion ran by Erin Lavelle. There are currently 13 companies in Mrs. Lavelle’s portfolio. The largest investments include MercadoLibre Inc and Dlocal Ltd, together worth $21.4 billion.
$81.9 billion Assets Under Management (AUM)
As of 7th November 2023, Flight Deck Capital, L.P.’s top holding is 9,567 shares of MercadoLibre Inc currently worth over $12.1 billion and making up 14.8% of the portfolio value.
Relative to the number of outstanding shares of MercadoLibre Inc, Flight Deck Capital, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 484,353 shares of Dlocal Ltd worth $9.29 billion.
The third-largest holding is Nu Hldgs Ltd worth $8.47 billion and the next is Toast worth $8.41 billion, with 448,874 shares owned.
Currently, Flight Deck Capital, L.P.'s portfolio is worth at least $81.9 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 Flight Deck Capital, L.P.
The Flight Deck Capital, L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Erin Lavelle serves as the CCO, CFO, and COO at Flight Deck Capital, L.P..
Recent trades
In the most recent 13F filing, Flight Deck Capital, L.P. revealed that it had opened a new position in
Nu Hldgs Ltd and bought 1,168,133 shares worth $8.47 billion.
The investment fund also strengthened its position in Dlocal Ltd by buying
134,080 additional shares.
This makes their stake in Dlocal Ltd total 484,353 shares worth $9.29 billion.
On the other hand, there are companies that Flight Deck Capital, L.P. is getting rid of from its portfolio.
Flight Deck Capital, L.P. closed its position in Five9 Inc on 14th November 2023.
It sold the previously owned 115,454 shares for $10.5 million.
Erin Lavelle also disclosed a decreased stake in MercadoLibre Inc by 0.5%.
This leaves the value of the investment at $12.1 billion and 9,567 shares.
One of the smallest hedge funds
The two most similar investment funds to Flight Deck Capital, L.P. are Elm Ridge Management and Blodgett Wealth Advisors. They manage $82 billion and $82.1 billion respectively.
Erin Lavelle investment strategy
Flight Deck Capital, L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 19.9% of
the total portfolio value.
The fund focuses on investments in the United States as
53.8% 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
46% 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 $92.3 billion.
The complete list of Flight Deck Capital, L.P. trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| MercadoLibre Inc |
46.15%
9,567
|
$12,129,808,000 | 14.81% |
| Dlocal Ltd |
38.28%
484,353
|
$9,285,047,000 | 11.34% |
| Nu Hldgs Ltd |
Opened
1,168,133
|
$8,468,964,000 | 10.34% |
| Toast, Inc. |
4.79%
448,874
|
$8,407,410,000 | 10.27% |
| Clear Channel Outdoor Hldgs |
53.40%
4,831,884
|
$7,634,377,000 | 9.32% |
| Sentinelone Inc |
0.45%
421,870
|
$7,112,728,000 | 8.68% |
| Roblox Corporation |
Opened
211,700
|
$6,130,832,000 | 7.49% |
| Datadog Inc |
54.67%
52,700
|
$4,800,443,000 | 5.86% |
| Nextdoor Holdings, Inc. |
273.40%
2,318,370
|
$4,219,433,000 | 5.15% |
| Hashicorp Inc |
Opened
167,636
|
$3,827,130,000 | 4.67% |
| Netflix Inc. |
Opened
9,816
|
$3,706,522,000 | 4.53% |
| Pinterest Inc |
Opened
114,700
|
$3,100,341,000 | 3.79% |
| Tesla Inc |
24.24%
12,300
|
$3,077,706,000 | 3.76% |
| Five9 Inc |
Closed
115,454
|
$10,522,000 | |
| Crowdstrike Holdings Inc |
Closed
59,400
|
$10,012,000 | |
| Endeavor Group Hldgs Inc |
Closed
477,277
|
$9,813,000 | |
| Unity Software Inc. |
Closed
228,800
|
$8,424,000 | |
| Twilio Inc |
Closed
92,700
|
$7,769,000 | |
| Fleetcor Technologies Inc |
Closed
32,400
|
$6,808,000 | |
| Palo Alto Networks Inc |
Closed
12,700
|
$6,273,000 | |
| Uber Technologies Inc |
Closed
288,700
|
$5,907,000 | |
| Dynatrace Inc |
Closed
140,400
|
$5,537,000 | |
| Microsoft Corporation |
Closed
20,000
|
$5,137,000 | |
| CyberArk Software Ltd |
Closed
38,714
|
$4,954,000 | |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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