Crossingbridge Advisors 13F annual report
Crossingbridge Advisors is an investment fund managing more than $84.4 billion ran by David Sherman. There are currently 50 companies in Mr. Sherman’s portfolio. The largest investments include Cartesian Growth Corp Ii- A and CTO Realty Growth Inc, together worth $11.8 billion.
$84.4 billion Assets Under Management (AUM)
As of 6th August 2024, Crossingbridge Advisors’s top holding is 531,873 shares of Cartesian Growth Corp Ii- A currently worth over $6 billion and making up 7.1% of the portfolio value.
In addition, the fund holds 332,806 shares of CTO Realty Growth Inc worth $5.81 billion, whose value grew 18.9% in the past six months.
The third-largest holding is Legato Merger Corp Iii worth $4.91 billion and the next is Ib Acquisition Corp worth $3.74 billion, with 375,000 shares owned.
Currently, Crossingbridge Advisors's portfolio is worth at least $84.4 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 Crossingbridge Advisors
The Crossingbridge Advisors office and employees reside in Pleasantville, New York. According to the last 13-F report filed with the SEC, David Sherman serves as the Authorized Agent at Crossingbridge Advisors.
Recent trades
In the most recent 13F filing, Crossingbridge Advisors revealed that it had opened a new position in
Ib Acquisition Corp and bought 375,000 shares worth $3.74 billion.
The investment fund also strengthened its position in Legato Merger Corp Iii by buying
235,500 additional shares.
This makes their stake in Legato Merger Corp Iii total 485,500 shares worth $4.91 billion.
On the other hand, there are companies that Crossingbridge Advisors is getting rid of from its portfolio.
Crossingbridge Advisors closed its position in Ib Acquisition Corp on 13th August 2024.
It sold the previously owned 300,000 shares for $3 billion.
David Sherman also disclosed a decreased stake in CTO Realty Growth Inc by approximately 0.1%.
This leaves the value of the investment at $5.81 billion and 332,806 shares.
One of the smallest hedge funds
The two most similar investment funds to Crossingbridge Advisors are Meritech Capital Associates Vi L.L.C and Capital Management Associates ny/. They manage $84.4 billion and $84.4 billion respectively.
David Sherman investment strategy
Crossingbridge Advisors’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Real Estate — making up 6.9% of
the total portfolio value.
The fund focuses on investments in the United States as
12.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $1.75 billion.
The complete list of Crossingbridge Advisors 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 |
|---|---|---|---|
| Cartesian Growth Corp Ii- A |
No change
531,873
|
$5,998,277,000 | 7.11% |
| CTO Realty Growth Inc |
0.85%
332,806
|
$5,810,793,000 | 6.89% |
| Legato Merger Corp Iii |
94.20%
485,500
|
$4,910,498,000 | 5.82% |
| Ib Acquisition Corp |
Opened
375,000
|
$3,740,375,000 | 4.43% |
| Bowen Acquisition Corp |
No change
330,680
|
$3,488,674,000 | 4.13% |
| Rigel Resource Acquisition Corp. |
0.52%
302,700
|
$3,429,591,000 | 4.06% |
| Nabors Energy Transition Corp Ii |
No change
320,000
|
$3,369,600,000 | 3.99% |
| Keen Vision Acquisition Corp |
No change
312,367
|
$3,309,528,000 | 3.92% |
| Inflection Point Acquisition Corp Ii |
No change
310,460
|
$3,290,876,000 | 3.90% |
| Alchemy Investments Acquisition Corp 1 |
No change
303,634
|
$3,257,993,000 | 3.86% |
| TortoiseEcofin Acquisition Corp. III |
10.77%
290,000
|
$3,169,700,000 | 3.76% |
| Esh Acquisition Corp |
No change
300,590
|
$3,135,154,000 | 3.72% |
| Ib Acquisition Corp |
Closed
300,000
|
$3,001,625,000 | |
| Oak Woods Acquisition Corp |
No change
255,000
|
$2,761,650,000 | 3.27% |
| Bukit Jalil Global Acquisition 1 Ltd |
0.08%
249,800
|
$2,670,362,000 | 3.16% |
| Ares Acquisition Corp Ii |
18.35%
250,000
|
$2,667,500,000 | 3.16% |
| Trailblazer Merger Corp I |
0.04%
245,500
|
$2,650,438,000 | 3.14% |
| Legato Merger Corp Iii |
Closed
250,000
|
$2,533,750,000 | |
| Four Leaf Acquisition Corp |
20.00%
200,000
|
$2,184,000,000 | 2.59% |
| Golden Star Acquisition Corp |
0.05%
200,100
|
$2,163,081,000 | 2.56% |
| Denali Capital Acquisition Corp |
No change
189,544
|
$2,120,997,000 | 2.51% |
| Horizon Space Acquisition I Corp |
4.53%
156,792
|
$1,732,552,000 | 2.05% |
| Tmt Acquisition Corp |
No change
151,444
|
$1,665,127,000 | 1.97% |
| Agriculture & Natural Solutions Acquisition Corp |
40.00%
150,000
|
$1,536,000,000 | 1.82% |
| Graf Global Corp |
Opened
150,000
|
$1,500,120,000 | 1.78% |
| Haymaker Acquisition Corp 4 |
51.92%
125,000
|
$1,313,750,000 | 1.56% |
| Jvspac Acquisition Corp |
Closed
115,000
|
$1,183,455,000 | |
| SDCL EDGE Acquisition Corp |
No change
105,585
|
$1,177,273,000 | 1.40% |
| Bitcoin Depot Inc |
No change
602,000
|
$1,083,600,000 | 1.28% |
| Jvspac Acquisition Corp |
Opened
104,500
|
$1,061,720,000 | 1.26% |
| Distoken Acquisition Corp |
No change
96,596
|
$1,040,339,000 | 1.23% |
| Global Lights Acquisition Co |
11.11%
100,000
|
$1,030,500,000 | 1.22% |
| Bayview Acquisition Corp |
No change
100,000
|
$1,024,000,000 | 1.21% |
| Lionheart Holdings |
Opened
100,000
|
$1,000,000,000 | 1.19% |
| Black Hawk Acquisition Corp |
Closed
85,000
|
$863,175,000 | |
| Black Hawk Acquisition Corp |
Opened
102,000
|
$882,130,000 | 1.05% |
| Spark I Acquisition Corp |
No change
75,000
|
$776,250,000 | 0.92% |
| Iron Horse Acquisitions Corp |
25.00%
125,000
|
$756,250,000 | 0.90% |
| Tlgy Acquisition Corp |
Closed
50,000
|
$565,000,000 | |
| Uphealth Inc |
Closed
533,414
|
$554,751,000 | |
| Churchill Capital Corp Ix |
Opened
50,000
|
$506,000,000 | 0.60% |
| Rf Acquisition Corp Ii |
Opened
50,000
|
$503,250,000 | 0.60% |
| 99 Acquisition Group Inc |
No change
74,500
|
$392,354,000 | 0.46% |
| Talos Energy Inc |
Closed
27,737
|
$386,376,000 | |
| Warner Bros.Discovery Inc |
150.00%
50,000
|
$372,000,000 | 0.44% |
| Agriculture & Natural Solutions Acquisition Corp |
Closed
30,000
|
$304,650,000 | |
| Quetta Acquisition Corp |
No change
29,000
|
$300,150,000 | 0.36% |
| Echostar Corp-a |
70.00%
15,000
|
$267,150,000 | 0.32% |
| ProShares UltraPro Short QQQ |
Opened
30,000
|
$259,050,000 | 0.31% |
| Screaming Eagle Acq -class A Wrnt 12/15/2027 |
Closed
500,000
|
$236,250,000 | |
| Southland Holdings Inc |
Closed
36,720
|
$189,108,000 | |
| Global Lights Acquisition Co |
Closed
10,000
|
$101,800,000 | |
| Jvspac Acquisition Rights |
Opened
110,330
|
$33,110,000 | 0.04% |
| Legato Merger Corp Iii Wrnt 3/28/2029 |
Opened
219,162
|
$28,513,000 | 0.03% |
| Integrated Wellness Acquisition Corp |
No change
399
|
$4,620,000 | 0.01% |
| Leafly Holdings Inc Wrnt 11/7/2026 |
No change
143,300
|
$2,723,000 | 0.00% |
| Prosomnus Inc Wrnt 4/20/2028 |
No change
123,109
|
$1,059,000 | 0.00% |
| Smx Security Matters Plc |
No change
425
|
$4,000 | 0.00% |
| Powerup Acquisition Corp Sponsor Shares |
Opened
83,333
|
$0 | 0.00% |
| Powerup Acquisition Cor-cl A Founder Wrnt 2/18/2027 |
Opened
166,667
|
$0 | 0.00% |
| Berenson Acquisition Corp. I |
0.75%
88,764
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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