Venator Capital Management 13F annual report

Venator Capital Management is an investment fund managing more than $38.5 billion ran by Brandon Osten. There are currently 13 companies in Mr. Osten’s portfolio. The largest investments include M/i Homes Inc and Forestar Inc, together worth $12.1 billion.

$38.5 billion Assets Under Management (AUM)

As of 7th November 2023, Venator Capital Management’s top holding is 75,900 shares of M/i Homes Inc currently worth over $6.38 billion and making up 16.6% of the portfolio value. In addition, the fund holds 211,000 shares of Forestar Inc worth $5.68 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Uber Technologies Inc worth $5.2 billion and the next is Skechers U S A worth $3.53 billion, with 72,200 shares owned.

Currently, Venator Capital Management's portfolio is worth at least $38.5 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 Venator Capital Management

The Venator Capital Management office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Brandon Osten serves as the Chief Executive Officer at Venator Capital Management.

Recent trades

In the most recent 13F filing, Venator Capital Management revealed that it had opened a new position in Alteryx Inc and bought 79,900 shares worth $3.01 billion. This means they effectively own approximately 0.1% of the company. Alteryx Inc makes up 25.0% of the fund's Technology sector allocation and has decreased its share price by 18.4% in the past year.

The investment fund also strengthened its position in Bluelinx Hldgs Inc by buying 3,200 additional shares. This makes their stake in Bluelinx Hldgs Inc total 34,300 shares worth $2.82 billion. Bluelinx Hldgs Inc soared 20.3% in the past year.

On the other hand, there are companies that Venator Capital Management is getting rid of from its portfolio. Venator Capital Management closed its position in Wesco International on 14th November 2023. It sold the previously owned 28,500 shares for $5.1 billion. Brandon Osten also disclosed a decreased stake in M/i Homes Inc by approximately 0.1%. This leaves the value of the investment at $6.38 billion and 75,900 shares.

One of the smallest hedge funds

The two most similar investment funds to Venator Capital Management are Cincinnati Indemnity Co and Park Avenue Institutional Advisers. They manage $38.5 billion and $38.6 billion respectively.

Brandon Osten investment strategy

Venator Capital Management’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 31.4% of the total portfolio value. The fund focuses on investments in the United States as 84.6% 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 23% 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 $56.8 billion.

The complete list of Venator Capital Management trades based on 13F SEC filings

These positions were updated on November 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
M/i Homes Inc	1.30% 75,900	$6,378,636,000	16.58%
Forestar Group Inc	1.31% 211,000	$5,684,340,000	14.78%
Uber Technologies Inc	1.31% 113,000	$5,196,870,000	13.51%
Wesco International, Inc.	Closed 28,500	$5,103,210,000
Biote Corp	Closed 712,500	$4,816,500,000
Beazer Homes USA Inc.	Closed 141,800	$4,011,522,000
Microsoft Corporation	Closed 10,855	$3,696,562,000
Skechers U S A, Inc.	1.37% 72,200	$3,534,190,000	9.19%
Lowes Cos Inc	Closed 15,000	$3,385,500,000
Alteryx Inc	Opened 79,900	$3,011,431,000	7.83%
Lovesac Company	Closed 110,000	$2,964,500,000
St. Joe Co.	Opened 53,200	$2,890,356,000	7.51%
Bluelinx Hldgs Inc	10.29% 34,300	$2,815,687,000	7.32%
Wayfair Inc	Closed 38,200	$2,483,382,000
KB Home	Closed 45,600	$2,357,976,000
Masonite Intl Corp	Closed 22,200	$2,274,168,000
Jeld-wen Hldg Inc	Closed 125,000	$2,192,500,000
Belden Inc	Closed 22,500	$2,152,125,000
Caesars Entertainment Inc Ne	Closed 39,000	$1,987,830,000
Meta Platforms Inc	49.23% 6,600	$1,981,386,000	5.15%
Toll Brothers Inc.	Closed 24,500	$1,937,215,000
Meritage Homes Corp.	1.94% 15,200	$1,860,328,000	4.84%
Preformed Line Prods Co	50.25% 10,000	$1,625,800,000	4.23%
Radiant Logistics, Inc.	37.28% 285,500	$1,613,075,000	4.19%
Splunk Inc	46.24% 10,000	$1,462,500,000	3.80%
Ebix Inc.	Closed 40,000	$1,008,000,000
Red Violet Inc	Opened 20,863	$417,469,000	1.09%
No transactions found
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