Prince Street Capital Management 13F annual report
Prince Street Capital Management is an investment fund managing more than $40.4 million ran by Roger Begelman. There are currently 12 companies in Mr. Begelman’s portfolio. The largest investments include Grid Dynamics and Alibaba Group Hldg Ltd, together worth $18.6 million.
$40.4 million Assets Under Management (AUM)
As of 8th August 2022, Prince Street Capital Management’s top holding is 561,600 shares of Grid Dynamics currently worth over $9.45 million and making up 23.4% of the portfolio value.
Relative to the number of outstanding shares of Grid Dynamics, Prince Street Capital Management owns less than approximately 0.1% of the company.
In addition, the fund holds 80,900 shares of Alibaba Group Hldg Ltd worth $9.2 million.
The third-largest holding is Nu Hldgs Ltd worth $4.86 million and the next is Proshares Tr worth $3.95 million, with 239,300 shares owned.
Currently, Prince Street Capital Management's portfolio is worth at least $40.4 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 Prince Street Capital Management
The Prince Street Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Roger Begelman serves as the CCO at Prince Street Capital Management.
Recent trades
In the most recent 13F filing, Prince Street Capital Management revealed that it had opened a new position in
Alibaba Group Hldg Ltd and bought 80,900 shares worth $9.2 million.
The investment fund also strengthened its position in Grid Dynamics by buying
314,300 additional shares.
This makes their stake in Grid Dynamics total 561,600 shares worth $9.45 million.
Grid Dynamics dropped approximately 0.1% in the past year.
On the other hand, there are companies that Prince Street Capital Management is getting rid of from its portfolio.
Prince Street Capital Management closed its position in Vale S.A on 15th August 2022.
It sold the previously owned 400,400 shares for $8 million.
Roger Begelman also disclosed a decreased stake in Proshares Tr by 0.2%.
This leaves the value of the investment at $3.95 million and 239,300 shares.
One of the smallest hedge funds
The two most similar investment funds to Prince Street Capital Management are Fbl Investment Management Services Inc/ia and Summer Road. They manage $40.4 million and $40.2 million respectively.
Roger Begelman investment strategy
Prince Street Capital Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Miscellaneous — making up 23.4% of
the total portfolio value.
The fund focuses on investments in the United States as
8.3% 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
17% of the total holdings value.
On the other hand, small-cap stocks make up only 8.3% of the portfolio.
The average market cap of the portfolio companies is close to $21.1 billion.
The complete list of Prince Street Capital Management trades based on 13F SEC filings
These positions were updated on August 15th 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 |
|---|---|---|---|
| Grid Dynamics Holdings, Inc. |
127.09%
561,600
|
$9,446,000 | 23.37% |
| Alibaba Group Hldg Ltd |
Opened
80,900
|
$9,196,000 | 22.75% |
| Vale S.A. |
Closed
400,400
|
$8,003,000 | |
| Nu Hldgs Ltd |
Opened
1,300,000
|
$4,862,000 | 12.03% |
| Despegar.com Corp |
Closed
341,000
|
$4,160,000 | |
| Freeport-McMoRan Inc |
Closed
82,000
|
$4,078,000 | |
| Proshares Tr |
22.81%
239,300
|
$3,948,000 | 9.77% |
| Proshares Tr |
Opened
272,900
|
$3,929,000 | 9.72% |
| Grab Holdings Limited |
Closed
1,005,000
|
$3,517,000 | |
| StoneCo Ltd |
Closed
296,000
|
$3,463,000 | |
| Sea Ltd |
19.76%
39,800
|
$2,661,000 | 6.58% |
| Bioceres Crop Solutions Corp |
15.75%
147,000
|
$2,015,000 | 4.98% |
| Adecoagro S.A. |
38.80%
204,400
|
$1,729,000 | 4.28% |
| MercadoLibre Inc |
44.68%
2,600
|
$1,655,000 | 4.09% |
| Advent Technologies Holdng I |
Opened
330,000
|
$831,000 | 2.06% |
| Centerra Gold Inc |
No change
21,400
|
$145,000 | 0.36% |
| D Market Electr Svcs & Tradi |
96.91%
14,827
|
$9,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||
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