Prentice Capital Management, L.P. 13F annual report
Prentice Capital Management, L.P. is an investment fund managing more than $42.1 billion ran by Mark Hossein. There are currently 21 companies in Mr. Hossein’s portfolio. The largest investments include Snap Inc and Lyft Inc, together worth $11.9 billion.
$42.1 billion Assets Under Management (AUM)
As of 8th May 2024, Prentice Capital Management, L.P.’s top holding is 626,865 shares of Snap Inc currently worth over $7.2 billion and making up 17.1% of the portfolio value.
Relative to the number of outstanding shares of Snap Inc, Prentice Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 244,356 shares of Lyft Inc worth $4.73 billion, whose value grew 56.9% in the past six months.
The third-largest holding is Peloton Interactive Inc worth $3.99 billion and the next is Compass worth $3.56 billion, with 989,819 shares owned.
Currently, Prentice Capital Management, L.P.'s portfolio is worth at least $42.1 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 Prentice Capital Management, L.P.
The Prentice Capital Management, L.P. office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Mark Hossein serves as the Chief Financial Officer at Prentice Capital Management, L.P..
Recent trades
In the most recent 13F filing, Prentice Capital Management, L.P. revealed that it had opened a new position in
Snap Inc and bought 626,865 shares worth $7.2 billion.
On the other hand, there are companies that Prentice Capital Management, L.P. is getting rid of from its portfolio.
Prentice Capital Management, L.P. closed its position in Coty Inc on 15th May 2024.
It sold the previously owned 5,024,035 shares for $40.2 million.
Mark Hossein also disclosed a decreased stake in Lyft Inc by 0.8%.
This leaves the value of the investment at $4.73 billion and 244,356 shares.
One of the smallest hedge funds
The two most similar investment funds to Prentice Capital Management, L.P. are Cincinnati Indemnity Co and Invesco Institutional (n.a.). They manage $42.1 billion and $42.5 billion respectively.
Mark Hossein investment strategy
Prentice Capital Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 41.8% of
the total portfolio value.
The fund focuses on investments in the United States as
71.4% 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
14% 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 $8.17 billion.
The complete list of Prentice Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on May 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 |
|---|---|---|---|
| Snap Inc |
Opened
626,865
|
$7,196,410,000 | 17.08% |
| Lyft Inc |
84.49%
244,356
|
$4,728,289,000 | 11.22% |
| Peloton Interactive Inc |
Opened
930,212
|
$3,985,958,000 | 9.46% |
| Compass, Inc. |
Opened
989,819
|
$3,563,348,000 | 8.46% |
| Keurig Dr Pepper Inc |
Opened
100,000
|
$3,067,000,000 | 7.28% |
| Warby Parker Inc. |
Opened
190,718
|
$2,595,672,000 | 6.16% |
| Walgreens Boots Alliance Inc |
Opened
110,300
|
$2,392,407,000 | 5.68% |
| Harley-Davidson, Inc. |
85.34%
53,314
|
$2,331,954,000 | 5.54% |
| Groupon Inc |
90.63%
159,713
|
$2,130,571,000 | 5.06% |
| Bumble Inc |
Opened
144,552
|
$1,640,665,000 | 3.89% |
| Nextnav Inc |
Opened
223,637
|
$1,471,531,000 | 3.49% |
| United Nat Foods Inc |
Opened
101,934
|
$1,171,222,000 | 2.78% |
| Hain Celestial Group Inc |
Opened
148,045
|
$1,163,634,000 | 2.76% |
| SoFi Technologies, Inc. |
Opened
150,000
|
$1,095,000,000 | 2.60% |
| Herbalife Ltd |
Opened
89,882
|
$903,314,000 | 2.14% |
| Advantage Solutions Inc. |
94.80%
169,189
|
$732,588,000 | 1.74% |
| Hydrofarms Hldgs Group Inc |
Opened
464,108
|
$501,237,000 | 1.19% |
| GrowGeneration Corp |
Opened
167,036
|
$477,723,000 | 1.13% |
| Oatly Group AB |
Opened
420,871
|
$475,584,000 | 1.13% |
| Olaplex Hldgs Inc |
Opened
231,503
|
$444,486,000 | 1.06% |
| Fisker Inc. |
Opened
2,705,000
|
$55,993,000 | 0.13% |
| Coty Inc |
Closed
5,024,035
|
$40,243,000 | |
| GoPro Inc. |
Closed
6,896,165
|
$38,136,000 | |
| Uber Technologies Inc |
Closed
859,280
|
$17,581,000 | |
| Las Vegas Sands Corp |
Closed
452,603
|
$15,203,000 | |
| Carnival Corp. |
Closed
1,671,511
|
$14,459,000 | |
| Wework Inc |
Closed
1,994,004
|
$10,010,000 | |
| Starbucks Corp. |
Closed
100,000
|
$7,639,000 | |
| Smiledirectclub Inc |
Closed
7,153,942
|
$7,440,000 | |
| Netflix Inc. |
Closed
38,270
|
$6,692,000 | |
| Penn Natl Gaming Inc |
Closed
219,021
|
$6,663,000 | |
| Chegg Inc |
Closed
186,363
|
$3,500,000 | |
| Disney Walt Co |
Closed
35,452
|
$3,347,000 | |
| Norwegian Cruise Line Hldg L |
Closed
258,709
|
$2,877,000 | |
| Immunome, Inc. |
Closed
791,821
|
$2,542,000 | |
| Royal Caribbean Group |
Closed
71,367
|
$2,491,000 | |
| Dave & Busters Entmt Inc |
Closed
53,966
|
$1,769,000 | |
| No transactions found | |||
| Showing first 500 out of 37 holdings | |||
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