Sachem Head Capital Management LP
Last Updated: 12/3/2020
Sachem Head Capital Management LP is a Limited Partnership that started in 2012 and is primarily owned and controlled by Scott D. Ferguson.
Ferguson is a former star employee of Bill Ackman's Pershing Square Capital Management
Sachem Head Capital Management LP operates out of an office in New York, NY. Based on the Form ADV filed on 2020-03-17 00:00:00, the investment firm is comprised of 15 employees, only 7 of whom performs investment advisory functions.
Fact Sheet
- Name: Sachem Head Capital Management LP
- CRD No: 167173
- Filing Recorded: 2020-03-17 00:00:00
- Year of Origin: 2012
- Employees: 15
- Clients: 8
- AUM: 2,883,560,131
- Management Fee: 1.5 Percent
- Performance Fee: 15 to 20 Percent
- Client Type: Pooled Investment Vehicles
- Assets Traded: Unspecified
Contact
- Website: http://www.sachemhead.com/
- Email: [email protected]
- Telephone: 212-714-3300
- Address: 250 West 55th Street
Investment Strategy
According to the brochure submitted to IAPD, Sachem Heads investment strategy is as follows:
The Adviser’s investment strategy seeks to provide attractive risk-adjusted returns by employing a concentrated, value-oriented long/short investment strategy with the willingness to use activism. The Adviser invests primarily in North American equities, but will also opportunistically invest overseas and in distressed credit situations that offer the potential for equity-like returns. Generally, the Adviser’s investment strategy focuses on securities that have market capitalizations in excess of $1 billion and daily trading volume in excess of $5 million.
Methods of Analysis
In addition, Sachem Heads methods of analysis include:
The Adviser generally seeks to manage long portfolios along three themes: (i) assets acquired at a discount to fair value where the Adviser will work to surface value (“activist investing”), (ii) assets acquired at a discount to fair value with an embedded catalyst and (iii) high quality businesses purchased at discounted prices. The Adviser will generally have a multi-year view of potential value creation in a given investment.
The short portfolios managed by the Adviser will generally be comprised of: (i) standalone “alpha shorts” of businesses perceived to be overvalued and facing secular or structural challenges or using aggressive or misleading accounting, (ii) sector hedges designed to mitigate potential excessive sector exposure, and (iii) broader equity or credit market hedges.
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| EAGLE MATLS INC | 2,682,834 | 231,582 | |
| OLIN CORP | 14,950,000 | 185,081 | |
| ALTICE USA INC | 5,000,000 | 130,000 | |
| LKQ CORP | 4,325,000 | 119,932 | |
| FACEBOOK INC | 395,000 | 103,451 | |
| SYNCHRONY FINANCIAL | 3,832,000 | 100,283 | |
| US FOODS HLDG CORP | 4,500,000 | 99,990 | |
| ELANCO ANIMAL HEALTH INC | 3,500,000 | 97,755 | |
| KBR INC | 3,950,000 | 88,322 | |
| FLEX LTD | 7,200,000 | 80,208 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forSachem Head Capital Management LPin our 13F section HERE.
To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.