2.21.25
Dear OWL Users,
At OWL, we love using our data to identify promising managers as early as possible in their life cycle. While OWL offers several data sets to help with this - such as our team change alerts, which we recently highlighted - one of our favorites remains global stock ownership disclosures.
Last February, we looked through over 400 new 13F filings to share a curated list of 30 managers who disclosed a 13F for the first time. This year, the new batch is even larger, with over 700 investment firms filing their first 13F. Once again, we’ve gone through them all and put together a list of 30 with active portfolios and compelling team backgrounds.
Most are recent launches, while a few are established managers who crossed the AUM threshold for 13F reporting. The list spans 20 cities and includes several notable pod spinouts, sector-focused funds, and even four managers who successfully launched after working at top endowments (MIT, Notre Dame, Emory, and Duke) – a career path we’ll admit we have a bit of a soft spot for at OWL!
New 13F Filers
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Location: Greenwich, CT
Key Person: Christopher Staral
AUM: $122 million
Top Holdings: CNTA, EOLS, APGE
Note: biotech focus, ex-Laurion/Mangrove
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Location: New York
Key Person: Alex Silver
AUM: $176 million
Top Holdings: HSIC, LKQ, VAC
Note: activist, ex-P2 Capital
Arrowpoint Investment Partners
Location: Singapore
Key Person: Jonathan Xiong
AUM: $1.2 billion
Top Holdings: AMZN, META, SE
Note: Asia multi-strat, ex-Millennium
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Location: Charlotte, NC
Key Person: Chris Pavese
AUM: $192 million
Top Holdings: PM, BAX, FI
Note: Concentrated, value equity
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Location: London
Key Person: Edward Molson
AUM: 305 million
Top Holdings: CNM, YUM, HLT
Note: ex-Egerton, new launch
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Location: Excelsior, MN
Key Person: James Gibson
AUM: $104 million
Top Holdings: AMTM, NRP, TLN
Note: 2016 launch, first 13F filed
Corigliano Investment Advisers
Location: Raleigh, NC
Key Person: Mark Corigliano
AUM: $462 million
Top Holdings: CTRA, COP, SLB
Note: ex-DUMAC, energy long/short
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Location: Morristown, NJ
Key Person: Beau Bassett
AUM: $144 million
Top Holdings: BMY, ABBV, TEVA
Note: ex-Pura Vida, biotech hedge fund, 2024 launch
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Location: New Orleans
Key Person: Andrew Carreon
AUM: $119 million
Top Holdings: DRVN, SEAT, BN
Note: ex-Notre Dame Investment Office
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Location: San Francisco
Key Person: Todd Barker
AUM: $5.9 billion
Top Holdings: GOOGL, XOM, ROST
Note: ex-Citadel/Surveyor, 2024 launch
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Location: New York
Key Person: Michael Alfaro
AUM: $145 million
Top Holdings: PH, CP, PKG
Note: industrials/cyclicals, ex-Covalis/Zimmer
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Location: New York
Key Person: Fritz Fortmiller
AUM: $113 million
Top Holdings: JACS.U, CLBR, SKGR
Note: Founded in 2016, ex-Forester Capital
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Location: New York
Key Person: Bobby Jain
AUM: $5.9 billion
Top Holdings: AJG, META, FDX
Note: biggest hedge fund launch of 2024, backed by UTIMCO
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Location: London
Key Person: Priya Kodeeswaran
AUM: $350 million
Top Holdings: META, AMZN, TSM
Note: ex-Millennium, backed by Brummer & Partners
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Location: West Palm Beach, FL
Key Person: Steven Frankel
AUM: $916 million
Top Holdings: AMH, ESS, CPT
Note: real estate equities, 2024 launch
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Location: Austin, TX
Key Person: Jimmy Price
AUM: $148 million
Top Holdings: AMZN, MSFT, KKR
Note: ex-Karlin, ValueAct
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Location: Atlanta, GA
Key Person: James Edwards
AUM: $268 million
Top Holdings: BN, APO, AMZN
Note: ex-Emory endowment, concentrated long-only
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Location: Woodbridge, NJ
Key Person: Brian Bellinger
AUM: $151 million
Top Holdings: PLNT, JAKK, MSGS
Note: 2020 launch, ex-Raging Capital
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Location: Larkspur, CA
Key Person: Bill Hazen
AUM: $210 million
Top Holdings: META, NVDA, NFLX
Note: 2010 launch, tech focus
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Location: New Canaan, CT
Key Person: Chris Demuth
AUM: $197 million
Top Holdings: CLMT, AMPY, DK
Note: Event-drive hedge fund founded in 2007
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Location: London
Key Person: Joshua White
AUM: 783 million
Top Holdings: NVDA, APH, EMN
Note: equity market-neutral, ex-Balyasny
Ripple Effect Asset Management
Location: New York
Key Person: Ravi Bellur
AUM: $165 million
Top Holdings: AM, VST, TLN
Note: Cross-asset energy hedge fund, ex-Tarsadia/Point State
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Location: New York
Key Person: Gor Ter-Grigoryan
AUM: $219 million
Top Holdings: SRAD, TKO, CCCS
Note: ex-Cadian/TPG-Axon, TMT focus
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Location: Summit, NJ
Key Person: George Maslovsky
AUM: $252 million
Top Holdings: EQR, REXR, ESS
Note: real estate equities, ex-Echo Street
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Location: Somerville, MA
Key Person: Matt Fisher
AUM: $179 million
Top Holdings: APP, CPNG, KAR
Note: ex-MIT endowment, concentrated public equity
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Location: Larkspur, CA
Key Person: Michael Kahn
AUM: $137 million
Top Holdings: AMZN, GOOG, KKR
Note: ex-Valiant, 2024 launch
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Location: New York
Key Person: Bogdan Cosmaciuc
AUM: $188 million
Top Holdings: SPGI, WTW, IP
Note: former co-head of equities at Senator
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Location: Bethesda, MD
Key Person: Steve Bauer
AUM: $551 million
Top Holdings: : CIB, AMLP, OPBK
Note: founded in 2002, first time disclosing a 13F
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Location: New York
Key Person: Melvin Ike
AUM: $183 million
Top Holdings: WCN, ADSK, BRO
Note: ex-Blackstone/Third Point, anchored by TPG
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Location: Incline Village, NV
Key Person: Thomas McConnon
AUM: $$333 million
Top Holdings: GSHD, DASH, FLUT
Note: ex-Wildcat Capital, long-biased public equity
Note – for AUM #’s, we typically rely on form ADV data, but in some cases we used other sources such as estimated holdings value
Recent Buys / Sells:
Balaji Telefilms – Atyant disclosed a nearly 20% trim of their position in the Indian content company on February 10th. They still own 12% of shares outstanding.
Ns Solutions – 3D Investment Partners increased their stake in the Japanese IT services business on February 6th, bringing their stake to nearly 10% of the company.
Freee – Kora disclosed a 7.4% stake in the Japanese accounting software business, with purchases made as recently as February 14th.
Zymeworks – Ecor1 disclosed an increased stake in Zymeworks, with additional purchases made as recently as January 17th. The fund's $220 million stake represents almost 23% of the company's outstanding shares.
Taiyo Holdings – Oasis disclosed an 8% stake in the Japanese chemical company on February 10th.
Pinduoduo – Punchcard Capital, Tiger Global, Newlands, Triata, and Alpine Investment all disclosed new positions in the Chinese online retailer as of the most recent quarter ending 12/31/2024.
Other News/Events:
Interview with Cambridge University's CIO
Podcast on whether Blackstone will become PE's Millenium
Article on Princeton's historical energy investments
Article from VCU CIO on benefits of internal endowment management
Caltech picks new CIO to manage $4.6 billion endowment
Interview with University of Illinois on whether relationships drive returns
Article on Discovery Capital trimming its equity exposure
White paper from True North on potential obsolescence of the endowment model
Penn State is hiring an Associate Director of Investments
University of California is hiring a Senior Investment Associate for Real Estate
Verus is hiring a Director of Private Markets
Virginia Retirement System is hiring a Global Equity Investment Analyst
Please reach out anytime with questions, comments, suggestions, or ideas!
-The OWL Team
About Old Well Labs (OWL)
OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.
Please feel free to selectively share these updates with high-quality allocators who might be interested in learning more about the system.
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