Mangrove Partners
Mangrove Partners IM, LLC is a hedge fund and SEC-registered investment adviser headquartered in Greenwich, Connecticut. Founded in 2010 by Nathaniel August, the firm manages over $2 billion in assets with approximately 19 employees. Mangrove serves institutional and high-net-worth investors, focusing on opportunistic value investing and special situations across public and private markets.
Investment Strategy
Mangrove Partners employs a value-oriented, opportunistic investment strategy targeting special situations, catalyst-driven investments, and deep fundamental research. The firm focuses on long and short equity positions—often in misunderstood, undervalued or distressed securities, aiming to unlock returns through rigorous due diligence, active engagement, and event-driven strategies, primarily within North American markets but with global capability. Mangrove Partners seeks asymmetric risk-reward by investing in complex corporate actions, restructurings, and credits, with a philosophy centered on capital preservation and opportunistic alpha generation.
Latest 13F Filing Activity
Mangrove Partners filed their most recent 13F report on Jun 30, 2025 disclosing 128 equity positions with a total 13F market value of $931M. The fund increased holdings in Western Digital Corp., Open Text Corp., Indivior PLC among other positions. Mangrove Partners reduced exposure to Liberty Broadband Corp., Liberty Media Corp. Del, Masterbrand Inc. among others.
Top Holdings
Equity Positions (128)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RIO | RIO TINTO PLC | 6.25% | $58.3M | 998,661 | $61.66 | $58.33 | -$1.7M |
W WDC | WESTERN DIGITAL CORP | 5.66% | $52.7M | 824,256 | $63.99 | $63.99 | +$52.7M |
E ENVA | ENOVA INTL INC | 4.97% | $46.3M | 415,160 | $30.79 | $111.52 | +$6.2M |
L LAUR | LAUREATE EDUCATION INC | 4.85% | $45.1M | 1,930,871 | $12.21 | $23.38 | +$5.7M |
T TIGO | MILLICOM INTL CELLULAR S A | 4.34% | $40.4M | 1,079,249 | $28.94 | $37.47 | +$7.8M |
Industry Allocation
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