Insights from Mario Cibelli (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

Mario Cibelli (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Mario Cibelli (Trades, Portfolio) launched Marathon Partners Equity Management in 1997 after working with Mario Gabelli (Trades, Portfolio) at Gamco Investors, where he provided back-office support to the trading desk. Cibelli is a long-term investor who finds stocks he believes will double in three to five years, regardless of the current market conditions. He is known for focusing on less efficient portions of the market; Shutterfly and Xoom Inc. made up significant portions of the firm’s portfolio at one point. He was an early investor in Netflix in 2004, when shares were just $10.

Summary of New Buy

Mario Cibelli (Trades, Portfolio) added a total of 15 stocks, among them:

• The most significant addition was Remitly Global Inc (RELY, Financial), with 925,000 shares, accounting for 18.14% of the portfolio and a total value of $20.88 million.
• The second largest addition to the portfolio was Henry Schein Inc (HSIC, Financial), consisting of 87,500 shares, representing approximately 5.26% of the portfolio, with a total value of $6.06 million.
• The third largest addition was Atmus Filtration Technologies Inc (ATMU, Financial), with 145,000 shares, accounting for 4.94% of the portfolio and a total value of $5.68 million.

Key Position Increases

Mario Cibelli (Trades, Portfolio) also increased stakes in a total of 3 stocks, among them:

• The most notable increase was Uber Technologies Inc (UBER, Financial), with an additional 82,500 shares, bringing the total to 162,500 shares. This adjustment represents a significant 103.13% increase in share count, a 4.33% impact on the current portfolio, with a total value of $9.80 million.
• The second largest increase was Xometry Inc (XMTR, Financial), with an additional 49,000 shares, bringing the total to 254,500. This adjustment represents a significant 23.84% increase in share count, with a total value of $10.86 million.

Summary of Sold Out

Mario Cibelli (Trades, Portfolio) completely exited 11 of the holdings in the fourth quarter of 2024, as detailed below:

• PayPal Holdings Inc (PYPL, Financial): Mario Cibelli (Trades, Portfolio) sold all 80,000 shares, resulting in a -7.66% impact on the portfolio.
• Eventbrite Inc (EB, Financial): Mario Cibelli (Trades, Portfolio) liquidated all 400,000 shares, causing a -5.21% impact on the portfolio.

Key Position Reduces

Mario Cibelli (Trades, Portfolio) also reduced positions in 5 stocks. The most significant changes include:

• Reduced AdvisorShares Pure US Cannabis ETF (MSOS, Financial) by 467,000 shares, resulting in a -90.33% decrease in shares and a -5.1% impact on the portfolio. The stock traded at an average price of $5.37 during the quarter and has returned -30.64% over the past 3 months and -5.51% year-to-date.
• Reduced Haleon PLC (HLN, Financial) by 350,000 shares, resulting in a -73.68% reduction in shares and a -4.49% impact on the portfolio. The stock traded at an average price of $9.77 during the quarter and has returned 7.80% over the past 3 months and 4.30% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Mario Cibelli (Trades, Portfolio)'s portfolio included 27 stocks, with the top holdings including 18.14% in Remitly Global Inc (RELY, Financial), 14.63% in Meta Platforms Inc (META, Financial), 14.08% in TKO Group Holdings Inc (TKO, Financial), 9.44% in Xometry Inc (XMTR, Financial), and 8.52% in Uber Technologies Inc (UBER, Financial).

The holdings are mainly concentrated in 8 of all the 11 industries: Communication Services, Technology, Industrials, Healthcare, Consumer Cyclical, Consumer Defensive, Energy, and Basic Materials.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.