Circumference 13F annual report
Circumference is an investment fund managing more than $93.6 billion ran by Holly Larkin. There are currently 25 companies in Mrs. Larkin’s portfolio. The largest investments include Teradata Corp and Resources Connection Inc, together worth $15.8 billion.
$93.6 billion Assets Under Management (AUM)
As of 6th August 2024, Circumference’s top holding is 235,000 shares of Teradata Corp currently worth over $8.12 billion and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of Teradata Corp, Circumference owns more than approximately 0.1% of the company.
In addition, the fund holds 700,000 shares of Resources Connection Inc worth $7.73 billion, whose value fell 23.7% in the past six months.
The third-largest holding is Extreme Networks worth $6.19 billion and the next is Zuora Inc worth $5.61 billion, with 565,000 shares owned.
Currently, Circumference's portfolio is worth at least $93.6 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 Circumference
The Circumference office and employees reside in Little Rock, Arkansas. According to the last 13-F report filed with the SEC, Holly Larkin serves as the COO, CCO at Circumference.
Recent trades
In the most recent 13F filing, Circumference revealed that it had opened a new position in
ZoomInfo Technologies and bought 270,000 shares worth $3.45 billion.
This means they effectively own approximately 0.1% of the company.
ZoomInfo Technologies makes up
5.1%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Teradata Corp by buying
75,000 additional shares.
This makes their stake in Teradata Corp total 235,000 shares worth $8.12 billion.
Teradata Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Circumference is getting rid of from its portfolio.
Circumference closed its position in Everbridge Inc on 13th August 2024.
It sold the previously owned 110,000 shares for $3.83 billion.
Holly Larkin also disclosed a decreased stake in Zuora Inc by 0.2%.
This leaves the value of the investment at $5.61 billion and 565,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Circumference are Strategic Investment Management and Vestia Personal Wealth Advisors. They manage $93.4 billion and $93.7 billion respectively.
Holly Larkin investment strategy
Circumference’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 72.2% of
the total portfolio value.
The fund focuses on investments in the United States as
64.0% 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
12% 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 $4.3 billion.
The complete list of Circumference 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 |
|---|---|---|---|
| Teradata Corp |
46.88%
235,000
|
$8,121,600,000 | 8.68% |
| Resources Connection Inc |
6.87%
700,000
|
$7,728,000,000 | 8.26% |
| Extreme Networks Inc. |
39.39%
460,000
|
$6,187,000,000 | 6.61% |
| Zuora Inc |
16.91%
565,000
|
$5,610,450,000 | 6.00% |
| Sprinklr, Inc. |
10.40%
520,000
|
$5,002,400,000 | 5.35% |
| Upwork Inc |
22.37%
465,000
|
$4,998,750,000 | 5.34% |
| Yext Inc |
16.92%
932,800
|
$4,990,480,000 | 5.33% |
| Wix.com Ltd |
No change
27,000
|
$4,294,890,000 | 4.59% |
| Godaddy Inc |
25.00%
30,000
|
$4,191,300,000 | 4.48% |
| SecureWorks Corp |
No change
582,878
|
$4,080,146,000 | 4.36% |
| Juniper Networks Inc |
29.94%
110,000
|
$4,010,600,000 | 4.29% |
| Everbridge Inc |
Closed
110,000
|
$3,831,300,000 | |
| DXC Technology Co |
Closed
170,000
|
$3,605,700,000 | |
| Benchmark Electrs Inc |
Closed
117,254
|
$3,518,793,000 | |
| ZoomInfo Technologies Inc. |
Opened
270,000
|
$3,447,900,000 | 3.69% |
| UiPath, Inc. |
Opened
240,000
|
$3,043,200,000 | 3.25% |
| Sprout Social Inc |
Opened
80,000
|
$2,854,400,000 | 3.05% |
| Omnicell Com |
10.99%
101,000
|
$2,734,070,000 | 2.92% |
| Walkme Ltd |
Closed
303,459
|
$2,609,747,000 | |
| Twilio Inc |
50.00%
45,000
|
$2,556,450,000 | 2.73% |
| Couchbase Inc |
No change
140,000
|
$2,556,400,000 | 2.73% |
| Commvault Sys Inc |
32.67%
20,605
|
$2,504,950,000 | 2.68% |
| Endava plc |
Opened
85,000
|
$2,485,400,000 | 2.66% |
| Eventbrite Inc |
27.54%
510,155
|
$2,469,150,000 | 2.64% |
| Integral Ad Science Hldng Co |
Opened
250,000
|
$2,430,000,000 | 2.60% |
| Korn Ferry |
No change
35,900
|
$2,410,326,000 | 2.58% |
| ON24, Inc. |
12.14%
340,196
|
$2,044,578,000 | 2.19% |
| Vimeo Inc |
9.21%
525,000
|
$1,958,250,000 | 2.09% |
| Similarweb Ltd. |
Closed
109,461
|
$985,149,000 | |
| Kaltura Inc |
7.57%
710,181
|
$852,217,000 | 0.91% |
| Adtheorent Holding Company |
Closed
252,850
|
$811,649,000 | |
| Avidxchange Holdings Inc |
Closed
45,000
|
$591,750,000 | |
| CS Disco, Inc. |
Closed
60,000
|
$487,800,000 | |
| BigCommerce Holdings, Inc. |
Closed
45,000
|
$310,050,000 | |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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