Lucha Capital Management, L.P. 13F annual report

Lucha Capital Management, L.P. is an investment fund managing more than $304 million ran by Sarah Haynes. There are currently 25 companies in Mrs. Haynes’s portfolio. The largest investments include Dropbox and Pure Storage, together worth $42.2 million.

$304 million Assets Under Management (AUM)

As of 7th October 2020, Lucha Capital Management, L.P.’s top holding is 1,066,569 shares of Dropbox currently worth over $21.5 million and making up 7.1% of the portfolio value. Relative to the number of outstanding shares of Dropbox, Lucha Capital Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 1,221,242 shares of Pure Storage worth $20.7 million, whose value grew 41.0% in the past six months. The third-largest holding is HealthEquity worth $19.3 million and the next is RealPage worth $16.7 million, with 265,594 shares owned.

Currently, Lucha Capital Management, L.P.'s portfolio is worth at least $304 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 Lucha Capital Management, L.P.

The Lucha Capital Management, L.P. office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Sarah Haynes serves as the Chief Compliance Officer at Lucha Capital Management, L.P..

Recent trades

In the most recent 13F filing, Lucha Capital Management, L.P. revealed that it had opened a new position in Dropbox and bought 1,066,569 shares worth $21.5 million. This means they effectively own approximately 0.1% of the company. Dropbox makes up 12.1% of the fund's Technology sector allocation and has grown its share price by 5.2% in the past year.

The investment fund also strengthened its position in HealthEquity by buying 53,394 additional shares. This makes their stake in HealthEquity total 338,237 shares worth $19.3 million. HealthEquity soared 3.9% in the past year.

On the other hand, there are companies that Lucha Capital Management, L.P. is getting rid of from its portfolio. Lucha Capital Management, L.P. closed its position in Micron Technology on 14th November 2019. It sold the previously owned 428,334 shares for $16.5 million. Sarah Haynes also disclosed a decreased stake in RealPage by approximately 0.1%. This leaves the value of the investment at $16.7 million and 265,594 shares.

One of the smaller hedge funds

The two most similar investment funds to Lucha Capital Management, L.P. are Welch Capital Partners ny and Cable Hill Partners. They manage $304 million and $304 million respectively.

Sarah Haynes investment strategy

Lucha Capital Management, L.P.’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Technology — making up 58.3% of the total portfolio value. The fund focuses on investments in the United States as 84.0% 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 56% 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 $31.6 billion.

The complete list of Lucha Capital Management, L.P. 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
Dropbox, Inc.	Opened 1,066,569	$21,513,000	7.07%
Pure Storage, Inc.	Opened 1,221,242	$20,688,000	6.80%
HealthEquity, Inc.	18.75% 338,237	$19,329,000	6.36%
RealPage, Inc.	4.21% 265,594	$16,695,000	5.49%
Micron Technology, Inc.	Closed 428,334	$16,529,000
Nxp Semiconductors N V	Opened 145,340	$15,860,000	5.22%
Zendesk, Inc.	Closed 167,678	$14,928,000
Worldpay Inc	Closed 121,351	$14,872,000
2U, Inc.	Closed 389,275	$14,652,000
Electronic Arts, Inc.	34.37% 148,244	$14,501,000	4.77%
Grubhub, Inc.	Closed 181,082	$14,123,000
Guidewire Software, Inc.	Closed 136,037	$13,791,000
Take-two Interactive Softwar	11.23% 108,643	$13,617,000	4.48%
GoDaddy, Inc.	22.93% 203,029	$13,396,000	4.41%
PayPal Holdings, Inc.	21.98% 126,281	$13,081,000	4.30%
Anaplan, Inc.	173.16% 250,600	$11,778,000	3.87%
Ciena Corp.	26.97% 299,220	$11,738,000	3.86%
Euronet Worldwide, Inc.	7.00% 77,934	$11,402,000	3.75%
Booking Holdings, Inc.	26.08% 5,698	$11,183,000	3.68%
Twilio, Inc.	265.20% 98,020	$10,778,000	3.54%
Atlassian Corp. Plc	190.92% 83,900	$10,524,000	3.46%
Plantronics, Inc.	Opened 281,580	$10,509,000	3.46%
Gartner, Inc.	Opened 73,290	$10,480,000	3.45%
S&P Global, Inc.	22.13% 41,523	$10,172,000	3.35%
Match Group, Inc.	20.93% 141,285	$10,093,000	3.32%
Fair Isaac Corp.	13.99% 32,158	$9,761,000	3.21%
Fidelity Natl Information Sv	Opened 69,309	$9,201,000	3.03%
Wayfair, Inc.	Opened 76,210	$8,545,000	2.81%
Vocera Communications, Inc.	Closed 237,255	$7,573,000
MongoDB, Inc.	Opened 58,110	$7,001,000	2.30%
Akamai Technologies, Inc.	72.32% 69,894	$6,387,000	2.10%
CrowdStrike Holdings, Inc.	Opened 100,540	$5,862,000	1.93%
Smartsheet, Inc.	Closed 95,560	$4,625,000
Workday Inc	Closed 22,070	$4,537,000
Carbon Black Inc	Closed 211,321	$3,533,000
No transactions found
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