Banyan Capital Management, Inc 13F annual report
Banyan Capital Management, Inc is an investment fund managing more than $166 billion ran by Drew Estes. There are currently 17 companies in Mr. Estes’s portfolio. The largest investments include Berkshire Hathaway B and Cigna, together worth $35.9 billion.
$166 billion Assets Under Management (AUM)
As of 5th August 2024, Banyan Capital Management, Inc’s top holding is 45,094 shares of Berkshire Hathaway B currently worth over $18.3 billion and making up 11.1% of the portfolio value.
In addition, the fund holds 53,132 shares of Cigna worth $17.6 billion.
The third-largest holding is Markel worth $17 billion and the next is Vontier worth $15 billion, with 393,855 shares owned.
Currently, Banyan Capital Management, Inc's portfolio is worth at least $166 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 Banyan Capital Management, Inc
The Banyan Capital Management, Inc office and employees reside in Atlanta, Georgia. According to the last 13-F report filed with the SEC, Drew Estes serves as the CCO at Banyan Capital Management, Inc.
Recent trades
In the most recent 13F filing, Banyan Capital Management, Inc revealed that it had opened a new position in
Labcorp and bought 37,781 shares worth $7.69 billion.
This means they effectively own approximately 0.1% of the company.
Labcorp makes up
35.6%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Carmax Inc by buying
1,710 additional shares.
This makes their stake in Carmax Inc total 131,691 shares worth $9.66 billion.
Carmax Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Banyan Capital Management, Inc is getting rid of from its portfolio.
Banyan Capital Management, Inc closed its position in Labcorp on 12th August 2024.
It sold the previously owned 34,856 shares for $7.62 million.
Drew Estes also disclosed a decreased stake in Berkshire Hathaway B by approximately 0.1%.
This leaves the value of the investment at $18.3 billion and 45,094 shares.
One of the smallest hedge funds
The two most similar investment funds to Banyan Capital Management, Inc are Western Corp/ca and Cox Capital Mgt. They manage $166 billion and $165 billion respectively.
Drew Estes investment strategy
Banyan Capital Management, Inc’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Industrials — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
52.9% 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
47% 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 $269 billion.
The complete list of Banyan Capital Management, Inc trades based on 13F SEC filings
These positions were updated on August 12th 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 |
|---|---|---|---|
| Berkshire Hathaway B |
0.90%
45,094
|
$18,344,239,000 | 11.08% |
| Cigna |
1.83%
53,132
|
$17,563,845,000 | 10.61% |
| Markel |
0.85%
10,788
|
$16,998,220,000 | 10.27% |
| Vontier Corporation |
1.65%
393,855
|
$15,045,261,000 | 9.09% |
| Apple Inc |
3.66%
63,078
|
$13,285,488,000 | 8.03% |
| Parker-Hannifin Corp. |
9.56%
24,136
|
$12,208,230,000 | 7.38% |
| Carmax Inc |
1.32%
131,691
|
$9,658,218,000 | 5.84% |
| Phinia |
0.22%
244,050
|
$9,605,808,000 | 5.80% |
| Charter Communications Inc. |
16.40%
31,943
|
$9,549,679,000 | 5.77% |
| American Express Co. |
24.72%
35,796
|
$8,288,564,000 | 5.01% |
| Henry Schein Inc. |
61.00%
125,083
|
$8,017,820,000 | 4.84% |
| Labcorp Holdings Inc. |
Opened
37,781
|
$7,688,811,000 | 4.65% |
| Liberty Sirius A |
0.76%
344,124
|
$7,625,714,000 | 4.61% |
| Danaher Corp. |
5.02%
23,574
|
$5,889,964,000 | 3.56% |
| Heineken Holdings |
0.34%
66,680
|
$5,261,952,000 | 3.18% |
| Veralto |
5.80%
3,445
|
$328,894,000 | 0.20% |
| Fortrea Holdings |
No change
6,917
|
$161,443,000 | 0.10% |
| Labcorp |
Closed
34,856
|
$7,615,000 | |
| Liberty Broadband C |
Closed
23,961
|
$1,371,000 | |
| Liberty Broadband A |
Closed
2,405
|
$137,000 | |
| No transactions found | |||
| Showing first 500 out of 20 holdings | |||
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