Incline Global Management 13F annual report
Incline Global Management is an investment fund managing more than $243 billion ran by Michael Zucaro. There are currently 24 companies in Mr. Zucaro’s portfolio. The largest investments include WEX Inc and IAC Inc, together worth $22.3 billion.
$243 billion Assets Under Management (AUM)
As of 7th August 2024, Incline Global Management’s top holding is 63,742 shares of WEX Inc currently worth over $11.3 billion and making up 4.7% of the portfolio value.
Relative to the number of outstanding shares of WEX Inc, Incline Global Management owns more than approximately 0.1% of the company.
In addition, the fund holds 234,000 shares of IAC Inc worth $11 billion, whose value fell 6.2% in the past six months.
The third-largest holding is StoneCo Ltd worth $11 billion and the next is TransUnion worth $11 billion, with 147,745 shares owned.
Currently, Incline Global Management's portfolio is worth at least $243 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 Incline Global Management
The Incline Global Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Zucaro serves as the Chief Financial Officer at Incline Global Management.
Recent trades
In the most recent 13F filing, Incline Global Management revealed that it had opened a new position in
Howard Hughes and bought 163,507 shares worth $10.1 billion.
This means they effectively own approximately 0.1% of the company.
Howard Hughes makes up
100.0%
of the fund's Real Estate sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Maplebear Inc by buying
100,680 additional shares.
This makes their stake in Maplebear Inc total 332,943 shares worth $10.7 billion.
On the other hand, there are companies that Incline Global Management is getting rid of from its portfolio.
Incline Global Management closed its position in Alphabet Inc on 14th August 2024.
It sold the previously owned 96,418 shares for $14.7 billion.
Michael Zucaro also disclosed a decreased stake in WEX Inc by approximately 0.1%.
This leaves the value of the investment at $11.3 billion and 63,742 shares.
One of the smallest hedge funds
The two most similar investment funds to Incline Global Management are Mtm Investment Management and Adams Street Partners. They manage $243 billion and $243 billion respectively.
Michael Zucaro investment strategy
Incline Global Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 26.4% of
the total portfolio value.
The fund focuses on investments in the United States as
70.8% 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
58% 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 $110 billion.
The complete list of Incline Global Management trades based on 13F SEC filings
These positions were updated on August 14th 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 |
|---|---|---|---|
| Alphabet Inc |
Closed
96,418
|
$14,680,605,000 | |
| WEX Inc |
4.28%
63,742
|
$11,291,258,000 | 4.65% |
| IAC Inc |
17.15%
234,000
|
$10,962,900,000 | 4.52% |
| StoneCo Ltd |
2.36%
914,231
|
$10,961,630,000 | 4.52% |
| TransUnion |
22.33%
147,745
|
$10,956,769,000 | 4.52% |
| Match Group Inc. |
16.34%
359,242
|
$10,913,772,000 | 4.50% |
| Yum Brands Inc. |
Closed
78,062
|
$10,823,296,000 | |
| SS&C Technologies Holdings Inc |
24.47%
171,609
|
$10,754,736,000 | 4.43% |
| Maplebear Inc |
43.35%
332,943
|
$10,700,788,000 | 4.41% |
| Madison Square Grdn Sprt Cor |
24.90%
56,475
|
$10,624,642,000 | 4.38% |
| Apollo Global Mgmt Inc |
32.35%
89,871
|
$10,611,069,000 | 4.37% |
| News Corp |
33.43%
383,723
|
$10,579,243,000 | 4.36% |
| Corpay Inc |
17.68%
39,685
|
$10,572,481,000 | 4.36% |
| PagSeguro Digital Ltd |
11.96%
902,089
|
$10,545,420,000 | 4.35% |
| Expedia Group Inc |
23.64%
83,378
|
$10,504,794,000 | 4.33% |
| Starbucks Corp. |
21.33%
134,640
|
$10,481,724,000 | 4.32% |
| Amazon.com Inc. |
34.92%
54,000
|
$10,435,500,000 | 4.30% |
| Howard Hughes Corporation |
Opened
163,507
|
$10,098,389,000 | 4.16% |
| Unitedhealth Group Inc |
34.34%
19,715
|
$10,040,061,000 | 4.14% |
| Meta Platforms Inc |
Opened
19,845
|
$10,006,246,000 | 4.12% |
| Ares Management Corp |
33.26%
74,728
|
$9,959,748,000 | 4.10% |
| Nike, Inc. |
18.92%
131,807
|
$9,934,294,000 | 4.09% |
| Booking Holdings Inc |
Opened
2,427
|
$9,614,561,000 | 3.96% |
| PayPal Holdings Inc |
28.58%
158,438
|
$9,194,157,000 | 3.79% |
| Visa Inc |
20.82%
28,623
|
$7,512,679,000 | 3.10% |
| Madison Square Garden Entmt |
Opened
157,151
|
$5,379,279,000 | 2.22% |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
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