By: Manisha Sethi May. 14, 2018
The recent drop in Facebook's share price after the Cambridge Analytica revelations could have a large impact on funds like DSM Capital, Appaloosa Management, Polen Capital and several other high profile investors. Raltin.com looked at 13F forms filed by the funds lin Q4 2017 to see who is likely to be impacted the most by the recent news.
Raltin analyzed the top 100 holders of Facebook stock and then re-ranked them based on the concentration of Facebook stock compared to the overall portfolio. Our analysis revealed 8 funds with more than a 5% exposure of their Q4 2017 13F portfolio to Facebook. The top three funds with the highest exposure were Daniel Strickberger’s DSM Capital, David Tepper’s Appaloosa & David Polen’s Polen capital who had an exposure of 9.4%, 9% & 7.9% respectively.
|Fund||Value of Facebook stock held ($)||Facebook stock % of 13 F Filings Portfolio|
|DSM Capital||677 Million||9.44|
|Polen Capital||1.065 Billion||7.92|
|Magellan Asset Management||2.35 Billion||7.84|
|Sands Capital Management||2.233 Billion||6.77|
|Coatue Management||863 Million||6.76|
|Carmignac Gestion||961 Million||6.39|
|Edgewood Management||1.29 Billion||5.65|
Apart from these larger funds, there are several smaller funds whose value of Facebook stock as the percentage of total portfolio value is more than 15%. The fund with the highest concentration in Facebook was Francis Financial where 39% of its total portfolio was in that single stock. The other two funds with a concentration of more than 25% in Facebook were Neumann Advisory & Millennium TVP. The complete list of funds with the highest concentration of exposure to Facebook is given below.
|Fund||Facebook Stock Value as a % of Portfolio||Facebook Holding Values ($)||Total Value of 13 F Portfolio ($)|
|Francis Financial||39.62||18 Million||46 Million|
|Neumann Advisory||33.74||57 Million||170 Million|
|Millennium TVP||27.8||25 Million||91 Million|
|Dorsey Asset Management||23.55||65 Million||277 Million|
|Fox Point Capital||23||4 Million||19 Million|
|Catamount Wealth Management||22.83||40 Million||179 Million|
|Parus Finance||22.2||122 Million||553 Million|
|BosValen Asset Management||21.42||21 Million||98 Million|
|Greenbrier Partners||18.41||102 Million||555 Million|
|Evanson Asset Management||17.11||83 Million||486 Million|
|Blue Pool Management||16.94||35 Million||211 Million|