Tig Advisors 13F annual report

Tig Advisors is an investment fund managing more than $1.46 trillion ran by Michael Fastert. There are currently 36 companies in Mr. Fastert’s portfolio. The largest investments include Horizon Therapeutics Pub L and TEGNA Inc, together worth $334 billion.

Limited to 30 biggest holdings

$1.46 trillion Assets Under Management (AUM)

As of 7th February 2023, Tig Advisors’s top holding is 1,729,388 shares of Horizon Therapeutics Pub L currently worth over $197 billion and making up 13.5% of the portfolio value. In addition, the fund holds 6,488,990 shares of TEGNA Inc worth $138 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Vmware worth $133 billion and the next is Activision Blizzard Inc worth $123 billion, with 1,600,580 shares owned.

Currently, Tig Advisors's portfolio is worth at least $1.46 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 Tig Advisors

The Tig Advisors office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Fastert serves as the Chief Operating Officer at Tig Advisors.

Recent trades

In the most recent 13F filing, Tig Advisors revealed that it had opened a new position in Horizon Therapeutics Pub L and bought 1,729,388 shares worth $197 billion.

The investment fund also strengthened its position in Vmware by buying 558,197 additional shares. This makes their stake in Vmware total 1,081,021 shares worth $133 billion. Vmware dropped 4.7% in the past year.

On the other hand, there are companies that Tig Advisors is getting rid of from its portfolio. Tig Advisors closed its position in Citrix Sys Inc on 14th February 2023. It sold the previously owned 1,659,353 shares for $161 million. Michael Fastert also disclosed a decreased stake in TEGNA Inc by approximately 0.1%. This leaves the value of the investment at $138 billion and 6,488,990 shares.

One of the largest hedge funds

The two most similar investment funds to Tig Advisors are Hyman Charles D and Fairview Capital Investment Management. They manage $1.46 trillion and $1.46 trillion respectively.

Michael Fastert investment strategy

Tig Advisors’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Technology — making up 28.1% of the total portfolio value. The fund focuses on investments in the United States as 44.4% 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 14% of the total holdings value. On the other hand, small-cap stocks make up only 5.6% of the portfolio. The average market cap of the portfolio companies is close to $16.1 billion.

The complete list of Tig Advisors trades based on 13F SEC filings

These positions were updated on February 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
Horizon Therapeutics Pub L	Opened 1,729,388	$196,804,354,000	13.45%
TEGNA Inc	2.88% 6,488,990	$137,501,698,000	9.40%
Vmware Inc.	106.77% 1,081,021	$132,706,138,000	9.07%
Activision Blizzard Inc	37.26% 1,600,580	$122,524,399,000	8.37%
Altra Indl Motion Corp	Opened 2,026,851	$121,104,347,000	8.28%
Atlas Air Worldwide Hldgs	Opened 1,119,313	$112,826,750,000	7.71%
Sierra Wireless Inc	Opened 3,803,411	$110,260,885,000	7.54%
Atlas Corp.	Opened 6,890,972	$105,707,511,000	7.22%
1Life Healthcare, Inc.	Opened 5,713,876	$95,478,868,000	6.53%
Tower Semiconductor Ltd.	2.94% 1,427,525	$61,669,080,000	4.21%
Coupa Software Inc	Opened 583,244	$46,175,427,000	3.16%
Ritchie Bros Auctioneers Inc	Opened 681,030	$39,383,965,000	2.69%
Imago Biosciences Inc	Opened 990,664	$35,614,371,000	2.43%
Silicon Motion Technology Corp	3.76% 518,627	$33,705,569,000	2.30%
Resolute Fst Prods Inc	Opened 933,009	$20,143,664,000	1.38%
Black Knight Inc	66.11% 293,297	$18,111,090,000	1.24%
IAA Inc	Opened 365,920	$14,636,800,000	1.00%
Knowbe4 Inc	Opened 453,668	$11,241,893,000	0.77%
Regal Rexnord Corporation	Opened 92,892	$11,145,182,000	0.76%
Univar Solutions Inc	Opened 239,032	$7,601,218,000	0.52%
Aerojet Rocketdyne Holdings Inc	Opened 123,579	$6,911,773,000	0.47%
UserTesting, Inc.	Opened 493,807	$3,708,491,000	0.25%
Spirit Airls Inc	68.61% 156,437	$3,047,393,000	0.21%
Momentive Global Inc	86.39% 351,452	$2,460,164,000	0.17%
ForgeRock, Inc.	Opened 105,141	$2,394,061,000	0.16%
Apollo Endosurgery Inc	Opened 196,665	$1,960,750,000	0.13%
Spdr S&p 500 Etf Tr	Opened 5,000	$1,912,150,000	0.13%
Broadcom Inc.	50.96% 2,700	$1,509,651,000	0.10%
Tpg Pace Beneficial Ii Corp	58.97% 148,744	$1,461,410,000	0.10%
American Eqty Invt Life Hld	Opened 21,225	$968,284,000	0.07%
Dragoneer Growth Opt Corp Ii	69.61% 75,700	$746,402,000	0.05%
Seagen Inc	Opened 4,635	$595,644,000	0.04%
Humana Inc.	Opened 1,052	$538,824,000	0.04%
Advanced Micro Devices Inc.	Opened 6,456	$418,155,000	0.03%
Citrix Sys Inc	Closed 1,659,353	$161,239,000
Biohaven Pharmactl Hldg Co L	Closed 1,029,868	$150,062,000
Zendesk Inc	Closed 1,929,922	$142,949,000
Cazoo Group Ltd	59.92% 796,316	$124,862,000	0.01%
Terminix Global Holdings Inc	Closed 2,810,991	$114,267,000
Change Healthcare Inc.	Closed 4,288,914	$98,902,000
Sailpoint Technologies Hldgs	Closed 1,345,465	$84,334,000
Cano Health Inc	Opened 50,000	$68,500,000	0.00%
Switch Inc	Closed 1,646,258	$55,150,000
Tenneco, Inc.	Closed 3,193,109	$54,794,000
Vonage Hldgs Corp	Closed 2,813,879	$53,013,000
Sierra Oncology Inc	Closed 891,117	$49,003,000
Southwest Gas Holdings Inc	Closed 496,262	$43,214,000
Mandiant Inc	Closed 1,765,257	$38,518,000
Turning Point Therapeutics I	Closed 504,284	$37,947,000
Healthcare Tr Amer Inc	Closed 1,113,413	$31,075,000
Welbilt Inc	Closed 1,234,384	$29,391,000
CDK Global Inc	Closed 463,813	$25,403,000
Healthcare Rlty Tr	Closed 902,225	$24,541,000
Nielsen Hldgs Plc	Closed 1,023,575	$23,767,000
First Horizon Corporation	Closed 992,598	$21,698,000
NeoPhotonics Corporation	Closed 1,362,380	$21,430,000
Meritor Inc	Closed 534,274	$19,410,000
Playtika Hldg Corp	Closed 1,259,284	$16,673,000
Sanderson Farms, Inc.	Closed 75,161	$16,199,000
Kohls Corp	Closed 410,873	$14,664,000
WideOpenWest Inc	Closed 689,925	$12,564,000
Atotech Ltd	Closed 588,228	$11,382,000
SciPlay Corporation	Closed 808,259	$11,291,000
Twitter Inc	Closed 280,858	$10,501,000
Frontier Group Hldgs Inc	Closed 1,025,239	$9,606,000
Far Peak Acquisition Corp	Closed 863,640	$8,481,000
Pershing Square Tontine Hldg	Closed 422,351	$8,434,000
Gold Fields Ltd	Closed 767,730	$7,002,000
Social Leverage Acquisn Corp	Closed 571,622	$5,619,000
Social Capital Hedosopha Hld	Closed 558,182	$5,543,000
Austerlitz Acquisition Corp	Closed 749,271	$7,305,000
Horizon Acquisition Corporat	Closed 492,391	$4,880,000
Khosla Ventures Acquisition	Closed 498,080	$4,856,000
Jaws Hurricane Acquisitn Cor	Closed 489,931	$4,757,000
Yamana Gold Inc.	Closed 1,019,272	$4,740,000
Arya Sciences Acqu Corp Iv	Closed 469,933	$4,610,000
Social Cap Suvretta Hlds Crp	Closed 775,646	$7,598,000
Prime Impact Acquisition I	Closed 419,185	$4,192,000
Logistics Innovtn Technlgs C	Closed 419,231	$4,075,000
Jaws Mustang Acquisition Cor	Closed 412,059	$4,051,000
Valvoline Inc	Closed 139,979	$4,036,000
Hennessy Capital Invs Corp V	Closed 405,440	$3,981,000
Tailwind Acquisition Corp.	Closed 398,052	$3,961,000
Khosla Ventures Acqut Co Iii	Closed 392,230	$3,816,000
Equity Distr Acquisition Cor	Closed 373,051	$3,706,000
Jaws Juggernaut Acquisitn Co	Closed 379,141	$3,689,000
Cc Neuberger Prin Hldgs Ii	Closed 360,551	$3,602,000
FAST Acquisition Corp.	Closed 350,430	$3,550,000
SVF Investment Corp.	Closed 354,004	$3,490,000
Ftac Athena Acquisition Corp	Closed 349,939	$3,435,000
Recharge Acquisition Corp.	Closed 341,608	$3,419,000
Svf Investment Corp 2	Closed 344,010	$3,375,000
Vector Acquisition Corp Ii	Closed 339,813	$3,334,000
Franchise Group, Inc.	Closed 89,886	$3,152,000
Tpg Pace Ben Fin Corp	Closed 305,680	$3,029,000
Adit EdTech Acquisition Corp.	Closed 303,626	$2,988,000
Healthcare Services Acqu Cor	Closed 301,975	$2,971,000
E Merge Technology Acquisiti	Closed 295,253	$2,961,000
Intercontinental Exchange In	Closed 31,305	$2,944,000
Landcadia Holdings Iv Inc	Closed 299,820	$2,935,000
Social Cap Suvretta Hld Crpi	Closed 287,935	$2,865,000
Supernova Partn Acq Co Iii L	Closed 290,019	$2,836,000
Ftac Hera Acquisition Corp	Closed 287,519	$2,818,000
Elliott Opportunity Ii Corp	Closed 277,202	$2,694,000
B Riley Principal 150 Merger	Closed 239,696	$2,387,000
Pine Is Acquisition Corp	Closed 227,469	$2,245,000
H.I.G. Acquisition Corp.	Closed 225,410	$2,232,000
Ig Acquisition Corp	Closed 218,178	$2,160,000
Turquoise Hill Res Ltd	Closed 78,469	$2,101,000
Mks Instrs Inc	Closed 20,400	$2,094,000
Climate Real Impact Slutins	Closed 212,247	$2,086,000
Carney Technology Acqu Corp	Closed 210,743	$2,076,000
Rice Acquisition Corp. II	Closed 204,905	$2,000,000
Highland Transcend Partners	Closed 202,682	$1,998,000
Proptech Investment Corp Ii	Closed 196,760	$1,940,000
Scion Tech Growth I	Closed 186,015	$1,840,000
Avanti Acquisition Corp.	Closed 184,713	$1,831,000
Aequi Acquisition Corp	Closed 177,133	$1,750,000
Rmg Acquisition Corp Iii	Closed 163,083	$1,603,000
NCR Corp.	Closed 46,329	$1,441,000
Pathfinder Acquisition Corp	Closed 122,461	$1,201,000
Vy Global Growth	Closed 100,873	$998,000
Fintech Acquisition Corp V	Closed 92,334	$909,000
Sports Ventures Acquisin Cor	Closed 92,238	$907,000
NortonLifeLock Inc	Closed 40,857	$897,000
Cohn Robbins Holdings Corp.	Closed 86,691	$862,000
Insu Acquisition Corp Iii	Closed 79,319	$781,000
Tishman Speyer Innovation Co	Closed 64,797	$634,000
Fortress Value Acquis Corp I	Closed 62,172	$611,000
Amci Acquisition Corp Ii	Closed 62,481	$610,000
Mountain Crest Acqusitn Crp	Closed 56,826	$560,000
No transactions found
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