Valueworks 13F annual report
Valueworks is an investment fund managing more than $322 million ran by Mac Campbell. There are currently 33 companies in Mr. Campbell’s portfolio. The largest investments include Chord Energy Corp. and Valaris Ltd, together worth $57.4 million.
$322 million Assets Under Management (AUM)
As of 5th August 2024, Valueworks’s top holding is 200,033 shares of Chord Energy Corp. currently worth over $33.6 million and making up 10.4% of the portfolio value.
In addition, the fund holds 319,637 shares of Valaris Ltd worth $23.8 million, whose value fell 2.3% in the past six months.
The third-largest holding is Tidewater worth $23.3 million and the next is Hyster-yale Materials Handling Inc. Cl A worth $17.9 million, with 256,355 shares owned.
Currently, Valueworks's portfolio is worth at least $322 million. 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 Valueworks
The Valueworks office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Mac Campbell serves as the Analyst at Valueworks.
Recent trades
In the most recent 13F filing, Valueworks revealed that it had opened a new position in
Rivian Automotive and bought 1,048,595 shares worth $14.1 million.
This means they effectively own approximately 0.1% of the company.
Rivian Automotive makes up
74.7%
of the fund's Consumer Discretionary sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Hyster-yale Materials Handling Inc. Cl A by buying
2,200 additional shares.
This makes their stake in Hyster-yale Materials Handling Inc. Cl A total 256,355 shares worth $17.9 million.
On the other hand, there are companies that Valueworks is getting rid of from its portfolio.
Valueworks closed its position in Goldman Sachs on 12th August 2024.
It sold the previously owned 16,569 shares for $6.92 million.
Mac Campbell also disclosed a decreased stake in Chord Energy Corp. by approximately 0.1%.
This leaves the value of the investment at $33.6 million and 200,033 shares.
One of the smallest hedge funds
The two most similar investment funds to Valueworks are Hugh Johnson Advisors and Dumont & Blake Investment Advisors. They manage $320 million and $323 million respectively.
Mac Campbell investment strategy
Valueworks’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Energy — making up 20.4% of
the total portfolio value.
The fund focuses on investments in the United States as
60.6% 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
27% 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 $117 billion.
The complete list of Valueworks 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 |
|---|---|---|---|
| Chord Energy Corp. |
3.70%
200,033
|
$33,552,000 | 10.43% |
| Valaris Ltd |
4.09%
319,637
|
$23,813,000 | 7.40% |
| Tidewater Inc. |
1.69%
245,176
|
$23,343,000 | 7.25% |
| Hyster-yale Materials Handling Inc. Cl A |
0.87%
256,355
|
$17,876,000 | 5.55% |
| Maui Land Pineapple Co. |
1.39%
722,828
|
$15,938,000 | 4.95% |
| Cheniere Energy Inc. |
0.27%
85,902
|
$15,018,000 | 4.67% |
| Rivian Automotive, Inc. |
Opened
1,048,595
|
$14,072,000 | 4.37% |
| Mesabi Trust |
1.50%
812,725
|
$14,003,000 | 4.35% |
| Micron Technology Inc. |
3.46%
104,912
|
$13,800,000 | 4.29% |
| Qualcomm, Inc. |
1.26%
64,491
|
$12,845,000 | 3.99% |
| Cadeler A/s Spons Adr |
1.80%
470,803
|
$11,784,000 | 3.66% |
| Mammoth Energy Services Inc |
0.22%
3,336,368
|
$10,943,000 | 3.40% |
| Joby Aviation Inc. |
18.08%
2,060,630
|
$10,509,000 | 3.27% |
| Air Lease Corp |
1.71%
213,798
|
$10,162,000 | 3.16% |
| Equitrans Midstream Corporation |
0.55%
754,938
|
$9,799,000 | 3.04% |
| Star Bulk Carriers Corp |
1.32%
353,087
|
$8,612,000 | 2.68% |
| Spirit Aerosystems Holdings Inc |
3.22%
240,755
|
$7,914,000 | 2.46% |
| Cbl Associates Properties Inc. |
0.13%
328,077
|
$7,670,000 | 2.38% |
| MBIA Inc. |
3.24%
1,326,999
|
$7,285,000 | 2.26% |
| Goldman Sachs Group, Inc. |
Closed
16,569
|
$6,921,000 | |
| United Natural Foods Inc. |
3.67%
502,621
|
$6,584,000 | 2.05% |
| Noble Corp Plc |
No change
135,330
|
$6,042,000 | 1.88% |
| Comcast Cl A |
3.60%
150,360
|
$5,891,000 | 1.83% |
| New York Times Co. |
0.24%
106,612
|
$5,460,000 | 1.70% |
| Corning, Inc. |
0.21%
132,354
|
$5,142,000 | 1.60% |
| Genworth Financial Inc |
4.23%
826,955
|
$4,995,000 | 1.55% |
| Apple Inc |
0.62%
22,583
|
$4,756,000 | 1.48% |
| AMGEN Inc. |
6.27%
12,625
|
$3,945,000 | 1.23% |
| Invesco Ltd |
0.00%
249,894
|
$3,738,000 | 1.16% |
| American Express Co. |
0.01%
11,585
|
$2,683,000 | 0.83% |
| Gilead Sciences, Inc. |
0.52%
29,047
|
$1,993,000 | 0.62% |
| Genco Shipping |
No change
55,000
|
$1,172,000 | 0.36% |
| Cheniere Energy Partners |
No change
5,950
|
$292,000 | 0.09% |
| Bank Of America Cnv Pfd L |
No change
168
|
$201,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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