Bridger Management 13F annual report

Bridger Management is an investment fund managing more than $1.29 billion ran by Matthew Truax. There are currently 2 companies in Mr. Truax’s portfolio. The largest investments include Toast and NextDecade, together worth $1.29 billion.

$1.29 billion Assets Under Management (AUM)

As of 7th August 2024, Bridger Management’s top holding is 52,692 shares of Toast currently worth over $962 million and making up 74.8% of the portfolio value. Relative to the number of outstanding shares of Toast, Bridger Management owns more than approximately 0.1% of the company. In addition, the fund holds 67,837 shares of NextDecade worth $324 million, whose value grew 1.8% in the past six months.

Currently, Bridger Management's portfolio is worth at least $1.29 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 Bridger Management

The Bridger Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Matthew Truax serves as the COO, GC & CCO at Bridger Management.

Recent trades

In the most recent 13F filing, Bridger Management revealed that it had opened a new position in NextDecade and bought 67,837 shares worth $324 million.

On the other hand, there are companies that Bridger Management is getting rid of from its portfolio. Bridger Management closed its position in Uber Technologies Inc on 14th August 2024. It sold the previously owned 509,357 shares for $23.4 billion.

One of the smallest hedge funds

The two most similar investment funds to Bridger Management are Flynn Zito Capital Management and Chelsea Counsel Co. They manage $194 billion and $194 billion respectively.

Matthew Truax investment strategy

Bridger Management’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Technology — making up 74.8% of the total portfolio value. The fund focuses on investments in the United States as 100.0% 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 approximately 0.1% 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 $5.05 billion.

The complete list of Bridger 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
Uber Technologies Inc	Closed 509,357	$23,425,328,000
Caesars Entertainment Inc Ne	Closed 427,925	$19,834,324,000
Melco Resorts And Entmnt Ltd	Closed 1,965,122	$19,435,057,000
Charter Communications Inc N	Closed 44,113	$19,401,780,000
Godaddy Inc	Closed 236,244	$17,595,453,000
Teva Pharmaceutical Inds Ltd	Closed 1,500,000	$15,300,000,000
Eli Lilly & Co	Closed 28,076	$15,080,462,000
Morgan Stanley	Closed 181,914	$14,856,916,000
Vertex Pharmaceuticals, Inc.	Closed 42,400	$14,744,176,000
Bath & Body Works Inc	Closed 396,327	$13,395,853,000
Us Foods Hldg Corp	Closed 312,331	$12,399,541,000
Biogen Inc	Closed 34,261	$8,805,420,000
Crown Holdings, Inc.	Closed 99,000	$8,759,520,000
Endeavor Group Hldgs Inc	Closed 436,860	$8,693,514,000
Alcon Ag	Closed 101,227	$7,800,553,000
Immunogen, Inc.	Closed 467,220	$7,414,781,000
Docebo Inc.	Closed 156,892	$6,357,264,000
Akero Therapeutics Inc	Closed 101,500	$5,133,870,000
Quanterix Corp	Closed 154,900	$4,203,986,000
Bausch Plus Lomb Corp	Closed 245,431	$4,160,055,000
Sotera Health Co	Closed 260,400	$3,900,792,000
Tenet Healthcare Corp.	Closed 58,500	$3,854,565,000
Dexcom Inc	Closed 38,800	$3,620,040,000
Charles Riv Labs Intl Inc	Closed 17,600	$3,449,248,000
Knife River Corp	Closed 68,199	$3,330,157,000
Williams Rowland Acquisition Corp.	Closed 297,000	$3,106,620,000
Insulet Corporation	Closed 11,800	$1,881,982,000
Alphabet Inc	Closed 13,900	$1,818,954,000
Toast, Inc.	No change 52,692	$962,156,000	74.83%
NextDecade Corporation	Opened 67,837	$323,582,000	25.17%
Uniqure Nv	Closed 12,009	$80,580,000
Surrozen Inc	Closed 61,699	$30,233,000
No transactions found
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