Conifer Management

Q4 2024 13F · by Greg Alexander, portfolio manager

As of: Dec 31, 2024
Filed: Feb 13, 2025
US stock: $776M · prev $874M
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%

Moves4 since the prior filing

0.0 pp in · −6.7 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 4 −6.74 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 positions98% of US stock

GPI Group 1 Automotive, Inc. held held30.9%
EQH Equitable Holdings, Inc. trimmed+1.53 pp trimmed+1.5330.4%
LAD Lithia Motors, Inc. trimmed−2.41 pp trimmed−2.4123.0%
NBIS Nebius Group N.V. Class A trimmed+3.89 pp trimmed+3.898.9%
STLA Stellantis N.V. trimmed−9.75 pp trimmed−9.754.7%

Positions6 in this filing · 0 exited


GPIGroup 1 Automotive, Inc.	30.88%	568,424	$240M	held	—	9 q
EQHEquitable Holdings, Inc.	30.40%	5,000,000	$236M	trimmed−17%	+1.53 pp	20 q
LADLithia Motors, Inc.	23.04%	500,000	$179M	trimmed−29%	−2.41 pp	9 q
NBISNebius Group N.V. Class A	8.93%	2,500,000	$69M	trimmed−55%	+3.89 pp	21 q
STLAStellantis N.V.	4.72%	2,807,761	$37M	trimmed−69%	−9.75 pp	16 q
RMNIRimini Street, Inc. (DE)	2.04%	5,913,199	$16M	held	—	14 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000919574-25-001156
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet