Exploring Caxton Associates (Trades, Portfolio)' Recent 13F Filing

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Caxton Associates (Trades, Portfolio) recently submitted its 13F filing for the fourth quarter of 2024, offering a glimpse into its strategic investment decisions during this period. Founded by Bruce Kovner in 1983, Caxton Associates (Trades, Portfolio) is a renowned global macro hedge fund based in New York City. The firm is known for its adeptness in capitalizing on macroeconomic trends through investments in liquid assets such as stocks, bonds, currencies, and commodities. Unlike traditional long-term stock holding strategies, Caxton Associates (Trades, Portfolio) focuses on short-term market trends to maximize gains, often targeting low-volatility sectors.

Summary of New Buy

Caxton Associates (Trades, Portfolio) added a total of 198 stocks to its portfolio, with notable additions including:

• The most significant addition was Centene Corp (NYSE:CNC), with 1,101,163 shares, accounting for 2.1% of the portfolio and a total value of $66.71 million.
• The second largest addition was Berkshire Hathaway Inc (NYSE:BRK.B), consisting of 120,000 shares, representing approximately 1.71% of the portfolio, with a total value of $54.39 million.
• The third largest addition was Intuitive Surgical Inc (NASDAQ:ISRG), with 100,000 shares, accounting for 1.64% of the portfolio and a total value of $52.20 million.

Key Position Increases

Caxton Associates (Trades, Portfolio) also increased stakes in a total of 98 stocks, with significant increases in:

• Amazon.com Inc (NASDAQ:AMZN), with an additional 891,401 shares, bringing the total to 2,425,184 shares. This adjustment represents a significant 58.12% increase in share count, a 6.16% impact on the current portfolio, and a total value of $532.06 million.
• Tesla Inc (NASDAQ:TSLA), with an additional 332,000 shares, bringing the total to 2,107,000. This adjustment represents a significant 18.7% increase in share count, with a total value of $850.89 million.

Summary of Sold Out

Caxton Associates (Trades, Portfolio) completely exited 233 holdings in the fourth quarter of 2024, including:

• Catalent Inc (NYSE:CTLT): Caxton Associates (Trades, Portfolio) sold all 525,377 shares, resulting in a -1.19% impact on the portfolio.
• Alibaba Group Holding Ltd (NYSE:BABA): Caxton Associates (Trades, Portfolio) liquidated all 99,718 shares, causing a -0.4% impact on the portfolio.

Key Position Reduces

Caxton Associates (Trades, Portfolio) also reduced positions in 149 stocks, with significant changes including:

• Reduced Meta Platforms Inc (NASDAQ:META) by 62,738 shares, resulting in a -93.54% decrease in shares and a -1.35% impact on the portfolio. The stock traded at an average price of $587.14 during the quarter and has returned 27.83% over the past 3 months and 25.91% year-to-date.
• Reduced PayPal Holdings Inc (NASDAQ:PYPL) by 241,376 shares, resulting in a -37.63% reduction in shares and a -0.7% impact on the portfolio. The stock traded at an average price of $84.18 during the quarter and has returned -9.14% over the past 3 months and -8.68% year-to-date.

Portfolio Overview

As of the fourth quarter of 2024, Caxton Associates (Trades, Portfolio)' portfolio included 477 stocks. The top holdings were concentrated in:

• 26.79% in Tesla Inc (NASDAQ:TSLA)
• 16.75% in Amazon.com Inc (NASDAQ:AMZN)
• 4.18% in Advanced Micro Devices Inc (NASDAQ:AMD)
• 3.64% in Adobe Inc (NASDAQ:ADBE)
• 2.52% in Cadence Design Systems Inc (NASDAQ:CDNS)

The holdings are mainly concentrated across all 11 industries: Consumer Cyclical, Technology, Healthcare, Financial Services, Communication Services, Energy, Consumer Defensive, Industrials, Basic Materials, Utilities, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.