KENSICO CAPITAL MANAGEMENT CORP

Kensico Capital Management Corporation is a hedge fund sponsor based out of Greenwich, Connecticut. The company was established in 2000 by cofounders Michael B. Lowenstein and Thomas J. Coleman, who are both still with the company today acting as its co-Presidents. The firm would begin with a focus in stock investments, although its venture into credit default swaps in 2006 would allow it to capture a great deal of capital to facilitate its growth. Kensico Capital Management has grown from its inception to now have 29 employees of which 16 are investment professionals. The company utilizes a value driven and opportunistic investment approach with a diverse investment focus, allocating its assets in various public equity and fixed income markets on a global scale. Kensico Capital Management invests most heavily in the information technology sector, which alone makes up over a quarter of its total asset allocations, and also invests in the consumer staples, energy, finance, consumer discretionary, and health care sectors, among others to a lesser degree. The firm’s top holdings include Constellation Brands, Inc., Cheniere Energy Inc., and American International Group, Inc. each making up over 10% of its total holdings. Kensico Capital Management’s top 10 holdings alone make up over three quarters of its total holdings and the company currently has a turnover rate of 33%. The company currently holds over $8.8 billion in total assets under management spread across 7 accounts, all of which are discretionary accounts. Although Kensico Capital Management’s total number of accounts held has been unchanged in recent years, its total assets under management has been steadily increasing, growing significantly from $5.1 billion back in 2012 to its current amount today. The company currently caters exclusively to pooled investment vehicles and takes its advisory fees from a percentage of fees and various other performance fees.