Deer Management Co 13F annual report

Deer Management Co is an investment fund managing more than $552 billion ran by Scott Ring. There are currently 12 companies in Mr. Ring’s portfolio. The largest investments include Rocket Lab Usa, Inc. and Okta Inc, together worth $271 billion.

$552 billion Assets Under Management (AUM)

As of 8th May 2024, Deer Management Co’s top holding is 40,738,544 shares of Rocket Lab Usa, Inc. currently worth over $167 billion and making up 30.3% of the portfolio value. In addition, the fund holds 992,183 shares of Okta Inc worth $104 billion, whose value grew 39.0% in the past six months. The third-largest holding is CS Disco worth $70.3 billion and the next is Weave Communications worth $68.9 billion, with 6,000,369 shares owned.

Currently, Deer Management Co's portfolio is worth at least $552 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 Deer Management Co

The Deer Management Co office and employees reside in Larchmont, New York. According to the last 13-F report filed with the SEC, Scott Ring serves as the General Counsel at Deer Management Co.

Recent trades

In the most recent 13F filing, Deer Management Co revealed that it had opened a new position in Fractyl Health, Inc. and bought 4,770,901 shares worth $35.3 billion.

On the other hand, there are companies that Deer Management Co is getting rid of from its portfolio. Deer Management Co closed its position in Procore Technologies on 15th May 2024. It sold the previously owned 3,118,891 shares for $216 billion. Scott Ring also disclosed a decreased stake in Okta Inc by approximately 0.1%. This leaves the value of the investment at $104 billion and 992,183 shares.

One of the average hedge funds

The two most similar investment funds to Deer Management Co are Fine Capital Partners, L.P. and Y.d. More Investments Ltd. They manage $552 billion and $552 billion respectively.

Scott Ring investment strategy

Deer Management Co’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Technology — making up 44.1% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 8% 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 $2.96 billion.

The complete list of Deer Management Co 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
Procore Technologies, Inc.	Closed 3,118,891	$215,889,635,000
Rocket Lab Usa, Inc.	No change 40,738,544	$167,435,416,000	30.35%
Okta Inc	4.57% 992,183	$103,802,185,000	18.82%
CS Disco, Inc.	No change 8,652,826	$70,347,475,000	12.75%
Weave Communications, Inc.	15.93% 6,000,369	$68,884,236,000	12.49%
Fractyl Health, Inc.	Opened 4,770,901	$35,304,667,000	6.40%
Rigetti Computing, Inc.	No change 21,582,218	$33,020,794,000	5.99%
Velo3d, Inc.	No change 37,864,240	$17,250,948,000	3.13%
Kymera Therapeutics, Inc.	32.47% 415,895	$16,718,979,000	3.03%
Fiverr International Ltd	No change 561,426	$11,829,246,000	2.14%
Spire Global, Inc.	1.81% 893,310	$10,719,720,000	1.94%
Tscan Therapeutics, Inc.	0.00% 1,245,504	$9,889,302,000	1.79%
Bright Health Group Inc.	Closed 999,218	$7,624,034,000
Neuehealth, Inc.	Opened 999,218	$6,494,918,000	1.18%
Tigo Energy, Inc.	Closed 305,811	$639,145,000
No transactions found
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