Seminole Management Co., Inc.

Seminole Management Co., Inc. is a hedge fund sponsor based out of New York City, New York. The company was originally established in 1995 and has grown from its inception to now operate with 14 employees, all of whom are investment professionals. Seminole Management Co conducts its research internally, utilizing a technical methodology to make its investment decisions. The company invests in the public equity markets on a global scale, allocating its assets in a variety of sectors. Seminole Management Co invests most heavily in the utilities and telecommunications sectors, which alone makes up a third of the firm’s total asset allocations, and also invests in the finance, which makes up another fifth of its total asset allocations, transports, health care, information technology, energy, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of 2.5 quarters and holds its top 10 allocations for 2.9 quarters on average. In the most recent quarter, Seminole Management Co has had a turnover rate of 124%, which indicates a very high degree of stock changes. The company’s top allocations include Delta Airlines Inc., Bank of America Corp., and AT&T Inc., each of which makes up approximately a tenth of the firm’s total asset allocations. Seminole Management Co manages over $3 billion in total assets under management spread across 8 total accounts, all of which are discretionary accounts. Although the firm’s total number of accounts has remained steady in recent years, its total assets under management has grown despite volatility, increasing from $2.3 billion back in 2012 to its current amount today. Seminole Management Co mainly caters to pooled investment vehicles, which alone makes up over three quarters of its client base both in terms of accounts and attributed assets, and also caters to other client types.