Winton Capital Management Ltd
Last Updated: 12/3/2020
Winton Capital Management Ltd is a UK Private Limited Company that started in 1997 and is primarily owned and controlled by David Harding.
We follow a process based on statistical analysis of historical data to identify relationships and patterns that can be used to make inferences. We develop quantitative investment strategies that seek to achieve the Client’s investment objective, within the defined risk framework.
Winton Capital Management Ltd operates out of an office in London, UK. Based on the Form ADV filed on 2020-06-16 00:00:00, the investment firm is comprised of 202 employees, only 18 of whom performs investment advisory functions.
Fact Sheet
- Name: Winton Capital Management Ltd
- CRD No: 130566
- Filing Recorded: 2020-06-16 00:00:00
- Year of Origin: 1997
- Employees: 202
- Clients: 15
- AUM: 19,243,632,172
- Management Fee: up to 2 Percent
- Performance Fee: 15 to 20 Percent
- Client Type: Pooled Investment Vehicles
- Assets Traded: Exchange-Traded Equity Securities, Derivatives, Securities Issued by Pooled Investment Vehicles, Cash and Cash Equivalents
Contact
- Website: https://www.winton.com/
- Email: Unknown
- Telephone: 44-20-8576-5800
- Address: Grove House, 27 Hammersmith Grove, London, UK W60Ne
Investment Strategy
According to the brochure submitted to IAPD, Winton Capitals investment strategy is as follows:
Multi-Strategy
This combination of investment strategies is characterized by the use of fundamental and technical macro and equity/credit strategies. It is applied to equity securities (which includes some or all of the following: common stocks of companies of any market capitalization; depositary receipts; exchange traded funds; and securities or other interests issued by collective investment funds managed or advised by us), fixed income securities, and a range of derivative instruments (including some or all of the following: swaps; currency forwards; futures on equity indices, bonds, interest rates, currencies and commodities and options).
Diversified Macro Strategies
This combination of investment strategies is characterized by the use of technical macro and fundamental macro strategies that are applied predominantly to a range of derivative instruments (including swaps, currency forwards, and futures on equity indices, bonds, interest rates, currencies and commodities) and may be applied to equity securities.
Trend Following Strategy
This combination of investment strategies seeks to identify trends in markets and take positions to profit from those trends. It is characterized by the use of technical macro strategies that are applied to a range of derivative instruments (including swaps, currency forwards, and futures on equity indices, bonds, interest rates, currencies and commodities).
Methods of Analysis
In addition, Winton Capitals methods of analysis include:
In constructing our investment strategies, we follow a process that is based on statistical analysis of historical data. The initial stage of this process involves collecting, cleaning and organizing relevant data. We use a variety of data inputs including technical, i.e. data intrinsic to markets such as price, volume and open interest; and fundamental, i.e. data external to markets such as economic statistics, industrial and commodity data and public company financial data.
We conduct research into this data to identify relationships that may be used to make statistical inferences. This research is used to develop investment systems that attempt to forecast market returns, the variability or volatility associated with such returns, the correlation between different markets and transaction costs. These investment systems are aggregated in investment strategies that determine, within the portfolio’s risk framework, what positions should be held to seek to maximize profit.
We implement the investment systems using computer programs that generate signals which are applied to the instruments traded. These systems are continually modified, including in the light of market developments and as we undertake further research. Changes to the systems occur as a result of, amongst other things, the discovery of new relationships, changes in market liquidity, the availability of new data or the reinterpretation of existing data.
The implementation of our investment strategies incorporates certain subjective elements, such as the decision as to which investment signals to use, the weightings of particular signals, the leverage to be applied and the instruments on which to focus. In addition, we continually monitor the behavior of the investment systems, portfolio composition, and market conditions, and we have the discretion to make decisions based on factors other than the output of the investment systems.
Our quantitative investment strategies are systematic and are applied to a diverse investment universe. They invest globally long and short, using leverage, in instruments that we believe are sufficiently liquid, and for which there is sufficient data available. These instruments include, without limitation, equity securities (which include some or all of the following: common stocks of companies of any market capitalization; depositary receipts; exchange traded funds; and securities or other interests issued by collective investment funds managed or advised by us), fixed income securities, and a range of derivative instruments. Such derivative instruments include swaps, currency forwards, futures on equity indices, bonds, interest rates, currencies and commodities and options.
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | 208 | 66,560 | |
| SELECT SECTOR SPDR TR | 1,569,934 | 37,788 | |
| SELECT SECTOR SPDR TR | 278,475 | 32,498 | |
| SELECT SECTOR SPDR TR | 138,851 | 20,408 | |
| VARIAN MED SYS INC | 115,483 | 19,863 | |
| APPLE INC | 171,502 | 19,862 | |
| EDWARDS LIFESCIENCES CORP | 225,401 | 17,992 | |
| KIMBERLY CLARK CORP | 103,099 | 15,224 | |
| DOW INC | 322,867 | 15,191 | |
| SELECT SECTOR SPDR TR | 244,452 | 14,516 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forWinton Capital Management Ltdin 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.