Voce Capital Management 13F annual report

Voce Capital Management is an investment fund managing more than $47.8 billion ran by J. Plants. There are currently 10 companies in Plants’s portfolio. The largest investments include Cutera Inc and Evolent Health Inc, together worth $22.4 billion.

$47.8 billion Assets Under Management (AUM)

As of 24th July 2023, Voce Capital Management’s top holding is 831,630 shares of Cutera Inc currently worth over $12.6 billion and making up 26.3% of the portfolio value. Relative to the number of outstanding shares of Cutera Inc, Voce Capital Management owns more than approximately 0.1% of the company. In addition, the fund holds 323,694 shares of Evolent Health Inc worth $9.81 billion, whose value fell 8.1% in the past six months. The third-largest holding is Radnet Inc worth $8.84 billion and the next is Calix Inc worth $5.14 billion, with 102,895 shares owned.

Currently, Voce Capital Management's portfolio is worth at least $47.8 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 Voce Capital Management

The Voce Capital Management office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, J. Plants serves as the Founder and Chief Investment Officer at Voce Capital Management.

Recent trades

In the most recent 13F filing, Voce Capital Management revealed that it had opened a new position in Docgo Inc and bought 330,592 shares worth $3.1 billion.

The investment fund also strengthened its position in Radnet Inc by buying 33,740 additional shares. This makes their stake in Radnet Inc total 271,045 shares worth $8.84 billion. Radnet Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Voce Capital Management is getting rid of from its portfolio. Voce Capital Management closed its position in Argo Group Intl Hldgs Ltd on 31st July 2023. It sold the previously owned 3,273,697 shares for $171 million. J. Plants also disclosed a decreased stake in Cutera Inc by 0.3%. This leaves the value of the investment at $12.6 billion and 831,630 shares.

One of the smallest hedge funds

The two most similar investment funds to Voce Capital Management are Ctc Capital Management and Amansa Capital Pte. Ltd. They manage $47.8 billion and $47.9 billion respectively.

J. Plants investment strategy

Voce Capital Management’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Health Care — making up 75.7% of the total portfolio value. The fund focuses on investments in the United States as 90.0% 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 $2.06 billion.

The complete list of Voce Capital Management trades based on 13F SEC filings

These positions were updated on July 31st 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
Cutera Inc	31.28% 831,630	$12,582,562,000	26.32%
Evolent Health Inc	6.02% 323,694	$9,807,928,000	20.52%
Radnet Inc	14.22% 271,045	$8,841,488,000	18.50%
Calix Inc	55.81% 102,895	$5,135,489,000	10.74%
Viemed Healthcare Inc	16.65% 507,941	$4,967,663,000	10.39%
Docgo Inc	Opened 330,592	$3,097,647,000	6.48%
CIENA Corp.	Opened 44,632	$1,896,414,000	3.97%
LendingTree Inc.	33.45% 26,350	$582,599,000	1.22%
Ribbon Communications Inc	Opened 160,119	$446,732,000	0.93%
Americas Car Mart, Inc.	91.04% 4,456	$444,620,000	0.93%
Argo Group Intl Hldgs Ltd	Closed 3,273,697	$170,952,000
Bottomline Tech Del Inc	Closed 96,250	$3,781,000
Enova International Inc.	Closed 65,447	$2,261,000
SLM Corp.	Closed 100,356	$1,766,000
No transactions found
Showing first 500 out of 14 holdings