Ao Asset Management, L.P. 13F annual report

Ao Asset Management, L.P. is an investment fund managing more than $145 million ran by Michael Neiberg. There are currently 25 companies in Mr. Neiberg’s portfolio. The largest investments include T-Mobile US and Palo Alto Networks Inc, together worth $30.4 million.

$145 million Assets Under Management (AUM)

As of 8th August 2022, Ao Asset Management, L.P.’s top holding is 122,490 shares of T-Mobile US currently worth over $16.5 million and making up 11.4% of the portfolio value. Relative to the number of outstanding shares of T-Mobile US, Ao Asset Management, L.P. owns less than approximately 0.1% of the company. In addition, the fund holds 28,268 shares of Palo Alto Networks Inc worth $14 million, whose value grew approximately 0.1% in the past six months. The third-largest holding is Atlassian Corp Plc worth $9.59 million and the next is ServiceNow Inc worth $8.07 million, with 16,978 shares owned.

Currently, Ao Asset Management, L.P.'s portfolio is worth at least $145 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 Ao Asset Management, L.P.

The Ao Asset Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Neiberg serves as the COO and CCO at Ao Asset Management, L.P..

Recent trades

In the most recent 13F filing, Ao Asset Management, L.P. revealed that it had opened a new position in Salesforce Inv and bought 26,800 shares worth $4.42 million.

The investment fund also strengthened its position in Atlassian Corp Plc by buying 12,600 additional shares. This makes their stake in Atlassian Corp Plc total 51,170 shares worth $9.59 million.

On the other hand, there are companies that Ao Asset Management, L.P. is getting rid of from its portfolio. Ao Asset Management, L.P. closed its position in HubSpot Inc on 15th August 2022. It sold the previously owned 29,216 shares for $13.9 million. Michael Neiberg also disclosed a decreased stake in T-Mobile US by 0.2%. This leaves the value of the investment at $16.5 million and 122,490 shares.

One of the smallest hedge funds

The two most similar investment funds to Ao Asset Management, L.P. are Elco Management Co and Ritter Daniher Financial Advisory. They manage $145 million and $145 million respectively.

Michael Neiberg investment strategy

Ao Asset Management, L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 65.4% of the total portfolio value. The fund focuses on investments in the United States as 80.0% 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 4.0% of the portfolio. The average market cap of the portfolio companies is close to $122 billion.

The complete list of Ao Asset Management, L.P. 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
T-Mobile US, Inc.	23.44% 122,490	$16,480,000	11.38%
Palo Alto Networks Inc	28.56% 28,268	$13,963,000	9.64%
HubSpot Inc	Closed 29,216	$13,876,000
Meta Platforms Inc	Closed 46,695	$10,383,000
Atlassian Corp Plc	32.67% 51,170	$9,589,000	6.62%
NVIDIA Corp	Closed 33,012	$9,008,000
Confluent Inc	Closed 209,000	$8,569,000
ServiceNow Inc	11.47% 16,978	$8,073,000	5.57%
Okta Inc	Closed 50,000	$7,548,000
Crown Castle Intl Corp New	23.36% 42,323	$7,126,000	4.92%
Tenable Holdings Inc	30.77% 152,314	$6,917,000	4.77%
Marvell Technology Inc	55.06% 158,569	$6,903,000	4.77%
Arista Networks Inc	55.46% 69,877	$6,550,000	4.52%
Intuit Inc	Closed 12,867	$6,187,000
Microsoft Corporation	70.42% 23,755	$6,101,000	4.21%
Alphabet Inc	26.62% 2,757	$6,008,000	4.15%
Applied Matls Inc	Closed 45,510	$5,998,000
Zscaler Inc	73.35% 40,075	$5,992,000	4.14%
Amazon.com Inc.	1,475.35% 53,420	$5,674,000	3.92%
Snowflake Inc.	Closed 23,513	$5,388,000
Unity Software Inc.	Closed 50,000	$4,961,000
Fortinet Inc	316.08% 86,270	$4,881,000	3.37%
Datadog Inc	56.66% 48,045	$4,576,000	3.16%
Adobe Systems Incorporated	Closed 10,026	$4,568,000
Roblox Corporation	Closed 98,500	$4,555,000
Salesforce Inv	Opened 26,800	$4,423,000	3.05%
MongoDB Inc	10.78% 15,718	$4,079,000	2.82%
Nxp Semiconductors N V	Closed 21,652	$4,007,000
Elastic N.V	8.05% 58,252	$3,942,000	2.72%
Paycom Software Inc	Closed 11,315	$3,919,000
Crowdstrike Holdings Inc	54.00% 23,000	$3,877,000	2.68%
Pure Storage Inc	Opened 147,600	$3,795,000	2.62%
JD.com Inc	Opened 54,400	$3,494,000	2.41%
Pinduoduo Inc	Opened 53,400	$3,300,000	2.28%
Box Inc	75.49% 131,073	$3,295,000	2.27%
Sentinelone Inc	Closed 64,000	$2,479,000
Ambarella Inc	56.10% 33,400	$2,186,000	1.51%
Lumentum Holdings Inc	75.85% 25,500	$2,025,000	1.40%
Dynatrace Inc	No change 41,000	$1,617,000	1.12%
SBA Communications Corp	Closed 4,637	$1,596,000
Snap Inc	Closed 27,000	$972,000
Digitalbridge Group Inc	Closed 50,000	$360,000
No transactions found
Showing first 500 out of 42 holdings