M.d. Sass 13F annual report

M.d. Sass is an investment fund managing more than $1.23 trillion ran by Bobby Liu. There are currently 32 companies in Mr. Liu’s portfolio. The largest investments include Liberty Media and Caci International, together worth $177 billion.

Limited to 30 biggest holdings

$1.23 trillion Assets Under Management (AUM)

As of 6th August 2024, M.d. Sass’s top holding is 1,285,233 shares of Liberty Media currently worth over $92.3 billion and making up 7.5% of the portfolio value. Relative to the number of outstanding shares of Liberty Media, M.d. Sass owns more than approximately 0.1% of the company. In addition, the fund holds 197,212 shares of Caci International worth $84.8 billion, whose value grew 29.8% in the past six months. The third-largest holding is APi worth $81 billion and the next is Clean Harbors worth $74.1 billion, with 327,477 shares owned.

Currently, M.d. Sass's portfolio is worth at least $1.23 trillion. 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 M.d. Sass

The M.d. Sass office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Bobby Liu serves as the Chief Operating Officer and General Counsel at M.d. Sass.

Recent trades

In the most recent 13F filing, M.d. Sass revealed that it had opened a new position in Liberty Media and bought 1,285,233 shares worth $92.3 billion. This means they effectively own approximately 0.1% of the company. Liberty Media makes up 59.3% of the fund's Communication Services sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Caci International by buying 56,260 additional shares. This makes their stake in Caci International total 197,212 shares worth $84.8 billion. Caci International dropped approximately 0.1% in the past year.

On the other hand, there are companies that M.d. Sass is getting rid of from its portfolio. M.d. Sass closed its position in Ishares Tr on 13th August 2024. It sold the previously owned 964,011 shares for $99.8 billion. Bobby Liu also disclosed a decreased stake in Cencora by 0.3%. This leaves the value of the investment at $31.7 billion and 140,908 shares.

One of the largest hedge funds

The two most similar investment funds to M.d. Sass are Apexium , L.P. and Corda Investment Management,. They manage $1.23 trillion and $1.23 trillion respectively.


Bobby Liu investment strategy

M.d. Sass’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 21.7% of the total portfolio value. The fund focuses on investments in the United States as 68.8% 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 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 $226 billion.

The complete list of M.d. Sass 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
Liberty Media Corp.
Opened
1,285,233
$92,331,139,000 7.51%
Ishares Tr
Closed
964,011
$99,849,840,000
Caci International Inc.
39.91%
197,212
$84,826,798,000 6.90%
APi Group Corporation
29.75%
2,152,878
$81,012,799,000 6.59%
Clean Harbors, Inc.
137.54%
327,477
$74,058,924,000 6.03%
Vanguard Index Fds
29.68%
147,280
$73,659,146,000 5.99%
Marvell Technology Inc
Opened
1,007,381
$70,415,932,000 5.73%
Jabil Inc
Opened
590,571
$64,248,219,000 5.23%
Charles Riv Labs Intl Inc
76.08%
308,945
$63,821,858,000 5.19%
SBA Communications Corp
Opened
322,506
$63,307,928,000 5.15%
Crown Holdings, Inc.
Opened
839,035
$62,415,788,000 5.08%
Lamb Weston Holdings Inc
Opened
732,673
$61,603,146,000 5.01%
Danaher Corp.
Opened
199,678
$49,889,548,000 4.06%
Cbre Group Inc
85.97%
541,144
$48,221,342,000 3.92%
Ametek Inc
Opened
284,037
$47,351,808,000 3.85%
Liberty Media Corp.
Closed
540,195
$40,665,880,000
Dollar Gen Corp New
Opened
290,664
$38,434,501,000 3.13%
ON Semiconductor Corp.
150.14%
540,474
$37,049,493,000 3.01%
Avantor, Inc.
Closed
1,780,762
$36,576,851,000
Air Prods & Chems Inc
Opened
130,576
$33,695,137,000 2.74%
Target Corp
Opened
225,852
$33,435,130,000 2.72%
Cencora Inc.
29.01%
140,908
$31,746,572,000 2.58%
Chemed Corp.
Closed
58,266
$31,560,944,000
World Wrestling Entmt Inc
Closed
272,173
$29,522,605,000
Wabtec
37.95%
180,619
$28,546,833,000 2.32%
RTX Corp
46.93%
255,184
$25,617,922,000 2.08%
Flex Ltd
Closed
877,839
$24,263,470,000
Schwab Charles Corp
Closed
392,998
$22,275,127,000
Walker & Dunlop Inc
46.00%
190,880
$18,744,416,000 1.53%
Advanced Drain Sys Inc Del
Closed
161,318
$18,354,762,000
Corteva Inc
Closed
220,468
$12,632,816,000
Copart, Inc.
Closed
122,221
$11,147,777,000
Ishares Tr
Opened
48,413
$8,446,616,000 0.69%
Amazon.com Inc.
16.07%
41,165
$7,955,136,000 0.65%
Blue Owl Capital Inc
88.39%
322,479
$5,724,001,000 0.47%
Spdr S&p 500 Etf Tr
77.98%
10,220
$5,561,928,000 0.45%
Palo Alto Networks Inc
Opened
14,124
$4,788,177,000 0.39%
Microsoft Corporation
0.92%
8,288
$3,704,322,000 0.30%
Apple Inc
Opened
13,100
$2,759,122,000 0.22%
Ishares Tr
37.15%
49,100
$2,608,683,000 0.21%
NVIDIA Corp
Opened
13,300
$1,643,082,000 0.13%
Spdr Ser Tr
Closed
16,683
$1,531,833,000
Option Care Health, Inc.
100.38%
45,913
$1,271,790,000 0.10%
No transactions found
Showing first 500 out of 43 holdings