Cannon Global Investment Management 13F annual report

Cannon Global Investment Management is an investment fund managing more than $21.5 billion ran by Benjamin Flora. There are currently 34 companies in Mr. Flora’s portfolio. The largest investments include Protagonist Therapeutics Inc and Capri Holdings Limited, together worth $4.74 billion.

$21.5 billion Assets Under Management (AUM)

As of 26th July 2024, Cannon Global Investment Management’s top holding is 69,900 shares of Protagonist Therapeutics Inc currently worth over $2.42 billion and making up 11.3% of the portfolio value. Relative to the number of outstanding shares of Protagonist Therapeutics Inc, Cannon Global Investment Management owns more than approximately 0.1% of the company. In addition, the fund holds 70,096 shares of Capri Holdings Limited worth $2.32 billion. The third-largest holding is United States Stl Corp New worth $2.14 billion and the next is Spdr Ser Tr worth $1.18 billion, with 23,700 shares owned.

Currently, Cannon Global Investment Management's portfolio is worth at least $21.5 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 Cannon Global Investment Management

The Cannon Global Investment Management office and employees reside in Davie, Florida. According to the last 13-F report filed with the SEC, Benjamin Flora serves as the Chief Compliance Officer & Chief Operations Officer at Cannon Global Investment Management.

Recent trades

In the most recent 13F filing, Cannon Global Investment Management revealed that it had opened a new position in Protagonist Therapeutics Inc and bought 69,900 shares worth $2.42 billion. This means they effectively own approximately 0.1% of the company. Protagonist Therapeutics Inc makes up 81.6% of the fund's Health Care sector allocation and has grown its share price by 104.4% in the past year.

The investment fund also strengthened its position in United States Stl Corp New by buying 6,100 additional shares. This makes their stake in United States Stl Corp New total 56,500 shares worth $2.14 billion.

On the other hand, there are companies that Cannon Global Investment Management is getting rid of from its portfolio. Cannon Global Investment Management closed its position in Callon Pete Co Del on 2nd August 2024. It sold the previously owned 210,000 shares for $7.51 billion. Benjamin Flora also disclosed a decreased stake in Workday Inc by 0.3%. This leaves the value of the investment at $782 million and 3,500 shares.

One of the smallest hedge funds

The two most similar investment funds to Cannon Global Investment Management are Mizuho Markets Cayman L.P. and Mesirow Investment Management. They manage $21.6 billion and $21.2 billion respectively.


Benjamin Flora investment strategy

Cannon Global Investment Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Health Care — making up 13.8% of the total portfolio value. The fund focuses on investments in the United States as 44.1% 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 15% 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 $7.85 billion.

The complete list of Cannon Global Investment Management trades based on 13F SEC filings

These positions were updated on August 2nd 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
Callon Pete Co Del
Closed
210,000
$7,509,600,000
First Tr Exchange-traded Fd
Closed
20,400
$4,183,836,000
Protagonist Therapeutics Inc
Opened
69,900
$2,422,035,000 11.28%
Capri Holdings Limited
Opened
70,096
$2,318,776,000 10.80%
United States Stl Corp New
12.10%
56,500
$2,135,700,000 9.95%
Spdr Ser Tr
Opened
23,700
$1,180,971,000 5.50%
Cnh Indl N V
96.08%
100,000
$1,013,000,000 4.72%
Solventum Corp
Closed
13,000
$904,150,000
Clearwater Analytics Hldgs I
Closed
48,500
$857,965,000
CRH Plc
Closed
9,800
$845,348,000
TechnipFMC plc
Opened
31,000
$810,650,000 3.78%
Workday Inc
28.57%
3,500
$782,460,000 3.64%
DocuSign Inc
Opened
14,300
$765,050,000 3.56%
Bentley Sys Inc
Opened
14,900
$735,464,000 3.43%
Avantor, Inc.
5.61%
33,900
$718,680,000 3.35%
Cheniere Energy Inc.
52.38%
4,000
$699,320,000 3.26%
Biomarin Pharmaceutical Inc.
Closed
7,800
$681,252,000
Cytokinetics Inc
Closed
9,700
$680,067,000
Vertex Inc
Closed
21,200
$673,312,000
Atkore Inc
Closed
3,400
$647,224,000
Burford Cap Ltd
Closed
39,400
$629,218,000
Liberty Media Corp.
66.04%
52,800
$1,169,781,000 5.45%
Indivior Plc
Closed
26,300
$563,346,000
Willscot Mobil Mini Hldng Co
Closed
12,000
$558,000,000
United States Cellular Corporation
Closed
14,300
$521,950,000
Soleno Therapeutics Inc
Closed
11,800
$505,040,000
Spdr Ser Tr
Closed
3,800
$498,712,000
Viper Energy Inc
Closed
12,100
$465,366,000
Texas Pacific Land Corporati
Closed
800
$462,808,000
DENTSPLY Sirona Inc
Closed
13,900
$461,341,000
Construction Partners Inc
Closed
8,200
$460,430,000
Dillards Inc
Opened
1,000
$440,390,000 2.05%
Surgery Partners Inc
12.62%
18,000
$428,220,000 1.99%
Gates Indl Corp Plc
Opened
27,000
$426,870,000 1.99%
Dream Finders Homes, Inc.
207.69%
16,000
$413,120,000 1.92%
Modine Mfg Co
Opened
4,000
$400,760,000 1.87%
Acushnet Hldgs Corp
Opened
5,800
$368,184,000 1.71%
Beacon Roofing Supply Inc
Opened
4,022
$363,991,000 1.70%
Tpg Inc
Opened
8,600
$356,470,000 1.66%
Select Sector Spdr Tr
Opened
4,000
$353,240,000 1.65%
American Superconductor Corp.
Closed
25,500
$344,505,000
Paramount Global
Closed
29,200
$343,684,000
Lazard Inc.
Opened
9,000
$343,620,000 1.60%
Zurn Elkay Water Solns Corp
Closed
10,200
$341,394,000
Herc Holdings Inc
Opened
2,500
$333,225,000 1.55%
U-Haul Holding Company
Closed
4,900
$330,946,000
Pegasystems Inc.
Opened
5,200
$314,756,000 1.47%
Lincoln Elec Hldgs Inc
Closed
1,200
$306,528,000
Leonardo DRS, Inc.
63.41%
12,000
$306,120,000 1.43%
Sphere Entertainment Co
Closed
5,900
$289,572,000
Palantir Technologies Inc.
Closed
12,400
$285,324,000
Diversified Energy Company P
Closed
23,400
$281,502,000
Dell Technologies Inc
11.11%
2,000
$275,820,000 1.28%
Diebold Nixdorf Inc
Closed
8,000
$275,520,000
Dutch Bros Inc.
73.79%
6,500
$269,100,000 1.25%
Fox Factory Hldg Corp
Closed
5,000
$260,350,000
Steelcase, Inc.
Opened
20,000
$259,200,000 1.21%
Pennymac Finl Svcs Inc New
Opened
2,700
$255,420,000 1.19%
Transocean Ltd
Closed
39,700
$249,316,000
R1 RCM Inc.
Closed
18,200
$234,416,000
Ur-Energy Inc.
Closed
139,800
$223,680,000
United Parks Resorts Inc
Opened
4,000
$217,240,000 1.01%
Skyline Champion Corp
Opened
3,200
$216,800,000 1.01%
Sharecare Inc
Opened
150,000
$202,500,000 0.94%
Wheels Up Experience Inc
Closed
50,500
$144,935,000
American Pub Ed Inc
Closed
10,200
$144,840,000
Tscan Therapeutics Inc
Closed
17,500
$138,950,000
Verastem Inc
Closed
11,100
$130,980,000
Honest Co Inc
Closed
30,000
$121,500,000
MiMedx Group, Inc
Opened
17,000
$117,810,000 0.55%
Absci Corporation
Closed
18,272
$103,785,000
Rekor Systems Inc
Closed
41,000
$93,890,000
Telos Corp Md
Closed
22,532
$93,733,000
Shattuck Labs, Inc.
Closed
10,200
$91,188,000
NN Inc
Closed
18,000
$85,320,000
Taysha Gene Therapies, Inc.
Closed
24,200
$69,454,000
Blend Labs, Inc.
Closed
20,000
$65,000,000
RumbleON Inc
Closed
10,000
$64,600,000
Gan Ltd
40.80%
37,000
$54,575,000 0.25%
Standard BioTools Inc
Closed
20,000
$54,200,000
Akebia Therapeutics Inc.
Closed
28,000
$51,240,000
Scilex Holding Co
Closed
25,000
$39,750,000
Franklin Str Pptys Corp
Closed
11,100
$25,197,000
No transactions found
Showing first 500 out of 83 holdings