Conifer Management

Q3 2024 13F · by Greg Alexander, portfolio manager

As of: Sep 30, 2024
Filed: Nov 13, 2024
US stock: $874M · prev $816M
Positions: 6 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves1 since the prior filing

−2.9 pp in · 0.0 pp out

New 0 0.00 pp
Added 1 −2.86 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 4 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions99% of US stock

EQH Equitable Holdings, Inc. held held28.9%
LAD Lithia Motors, Inc. held held25.4%
GPI Group 1 Automotive, Inc. held held24.9%
STLA Stellantis N.V. added−2.86 pp added−2.8614.5%
NBIS Nebius Group N.V. Class A held held5.0%

Positions6 in this filing · 0 exited


EQHEquitable Holdings, Inc.	28.87%	6,000,000	$252M	held	—	19 q
LADLithia Motors, Inc.	25.45%	700,000	$222M	held	—	8 q
GPIGroup 1 Automotive, Inc.	24.92%	568,424	$218M	held	—	8 q
STLAStellantis N.V.	14.47%	9,000,000	$126M	added+26%	−2.86 pp	15 q
NBISNebius Group N.V. Class A	5.04%	5,500,000	$44M	held	—	20 q
RMNIRimini Street, Inc. (DE)	1.25%	5,913,199	$11M	held	—	13 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-24-006475
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet