Element Capital Management’s Returns, AUM, and Holdings

On September 30, Element Capital Management reported its largest stake as being in New York-based investment company, Altaba Inc (NASDAQ:AABA). During the quarter, the fund actually reduced its position in it by 28% to 15.78 million shares worth around $1.08 billion. The second-largest position owned by the fund was in Microsoft Corporation (NASDAQ:MSFT), counting 713,445 shares valued at $81.6 million, after raising its stake by 196% in Q3.

Among the greatest additions to the fund’s 13F portfolio were Kraft Heinz Co (NASDAQ:KHC), in which it acquired 2.41 million shares worth around $132.95 million, and First Hawaiian Inc (NASDAQ:FHB), 2.76 million shares of which the fund obtained during the third quarter.

As for the companies in which Element Capital Management seemed to lose faith, deciding to dump its positions, those counted Kroger Co (NYSE:KR), in which it previously held 2.44 million shares worth around $69.34 million, and Macerich Co (NYSE:MAC), in which it had previously owned 343,614 shares worth around $19.53 million.

Disclosure: None