Levin Capital Strategies, L.P.
Levin Capital Strategies, L.P. (LCS) is a multi-strategy equity management investment firm headquartered in New York, NY. Founded in 2005 by John A. Levin, LCS primarily manages long-only, publicly traded equity portfolios for institutional and high net worth clients, and also oversees a long/short equity hedge fund and a SPAC-focused investment strategy. As of April 2024, LCS managed over $1.08 billion in assets and served approximately 250 clients. The firm employs a small but experienced team, led by a principal with extensive decades-long experience in equity markets.
Investment Strategy
Levin Capital Strategies, L.P. focuses on a multi-strategy approach with a primary emphasis on long-only, publicly traded equities. Their investment process relies on bottom-up, fundamental research to develop predictive insights and actionable strategies across all market caps and sectors. The firm is attentive to both risk and return, seeking alpha via diversification and avoiding rigid value versus growth classifications. In addition to their core equity strategies, they also manage a long/short hedge fund and have launched a SPAC investment product, targeting special purpose acquisition companies through their lifecycle. Their strategies are tailored to the specific objectives and guidelines of each client and prioritize effective risk management and client transparency.
Top Holdings
Equity Positions (176)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 6.67% | $68.7M | 138,091 | $102.82 | $497.41 | +$17.0M |
J JPM | JPMORGAN CHASE & CO. | 4.87% | $50.2M | 173,066 | $63.66 | $289.91 | +$7.1M |
B BK | BANK NEW YORK MELLON CORP | 3.77% | $38.9M | 426,472 | $31.98 | $91.11 | +$3.1M |
C COF | CAPITAL ONE FINL CORP | 3.72% | $38.3M | 179,845 | $211.50 | $212.76 | +$37.1M |
O OI | O-I GLASS INC | 3.46% | $35.6M | 2,414,089 | $14.18 | $14.74 | +$2.1M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
C CRWV | COREWEAVE INC | New | Put | $4.0M | 245 | $163.06 | $163.06 | +245 | +$4.0M |
T TSLA | TESLA INC | Bought | Put | $1.3M | 40 | $317.66 | $317.27 | +15 | +$622.7K |
U UBER | UBER TECHNOLOGIES INC | New | Call | $1.1M | 120 | $93.30 | $93.30 | +120 | +$1.1M |
O OSCR | OSCAR HEALTH INC | New | Call | $857.6K | 400 | $21.44 | $21.44 | +400 | +$857.6K |
P PLTR | PALANTIR TECHNOLOGIES INC | Sold | Put | $681.6K | 50 | $136.32 | $37.20 | -60 | -$246.8K |