Gate City Capital Management 13F annual report

Gate City Capital Management is an investment fund managing more than $137 billion ran by Michael Melby. There are currently 13 companies in Mr. Melby’s portfolio. The largest investments include Alico and Marcus, together worth $40.5 billion.

$137 billion Assets Under Management (AUM)

As of 7th August 2024, Gate City Capital Management’s top holding is 828,018 shares of Alico currently worth over $21.5 billion and making up 15.7% of the portfolio value. Relative to the number of outstanding shares of Alico, Gate City Capital Management owns more than 0.1% of the company. In addition, the fund holds 1,673,740 shares of Marcus worth $19 billion, whose value fell 6.7% in the past six months. The third-largest holding is Entravision Communications C worth $18.2 billion and the next is Intrepid Potash Inc worth $16.5 billion, with 705,857 shares owned.

Currently, Gate City Capital Management's portfolio is worth at least $137 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 Gate City Capital Management

The Gate City Capital Management office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Michael Melby serves as the Managing Member at Gate City Capital Management.

Recent trades

In the most recent 13F filing, Gate City Capital Management revealed that it had opened a new position in Alico and bought 828,018 shares worth $21.5 billion.

One of the smallest hedge funds

The two most similar investment funds to Gate City Capital Management are Taylor & Morgan Wealth Management and Crcm L.P.. They manage $137 billion and $137 billion respectively.

Michael Melby investment strategy

Gate City Capital Management’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Communication Services — making up 19.0% of the total portfolio value. The fund focuses on investments in the United States as 61.5% 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 15% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $604 million.

The complete list of Gate City Capital Management 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
Alico Inc.	Opened 828,018	$21,453,946,000	15.69%
Marcus Corp.	Opened 1,673,740	$19,030,424,000	13.92%
Entravision Communications C	Opened 8,980,814	$18,231,052,000	13.34%
Intrepid Potash Inc	Opened 705,857	$16,538,230,000	12.10%
United Nat Foods Inc	Opened 1,083,119	$14,188,859,000	10.38%
Strattec Sec Corp	Opened 412,341	$10,308,525,000	7.54%
Culp Inc.	Opened 1,577,693	$7,068,065,000	5.17%
Saga Communications, Inc.	Opened 444,131	$6,995,063,000	5.12%
Canterbury Pk Hldg Corp	Opened 276,977	$6,049,178,000	4.43%
Hanesbrands Inc	Opened 1,180,100	$5,817,893,000	4.26%
Net Lease Office Properties	Opened 189,656	$4,669,331,000	3.42%
AMREP Corp.	Opened 245,568	$4,643,691,000	3.40%
Heartland Express, Inc.	Opened 138,093	$1,702,687,000	1.25%
No transactions found
Showing first 500 out of 13 holdings