ACAP Strategic Fund
XCAPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 350 Madison Avenue New York NY United States of America 10017
- IPO Date
- Mar 8, 2010
- CIK
- 0001467631
- Similar Companies
- Business
- ACAP Strategic Fund (XCAPX) is a closed-end mutual fund that seeks maximum capital appreciation through a growth-oriented investment strategy focused primarily on equity securities of U.S. and international companies well-positioned for expansion due to innovation or strong market demand. The fund invests in a concentrated portfolio of large-cap technology and industrial names, including common stocks such as Meta Platforms Inc., Siemens Energy AG, Safran SA, Amazon.com Inc., Airbus SE, Taiwan Semiconductor Manufacturing Co. Ltd., KLA Corp., Lam Research Corp., Microsoft Corp., and Sony Group Corp.; purchased equity and currency options on assets like Microsoft Corp., Tesla Inc., NVIDIA Corp., and Invesco QQQ Trust; total return swaps on equities including Alphabet Inc., Carlyle Group Inc., and Rolls-Royce Holdings PLC; and short-term securities such as Dreyfus Treasury Obligations Cash Management; while employing securities sold short, not yet purchased, across various sectors and regions. It maintains high portfolio turnover, does not regularly pay dividends, and emphasizes capital gains, with approximately half of assets allocated to its top ten holdings and several billion dollars under management. Headquartered at 350 Madison Avenue, 20th Floor, New York, New York 10017, the fund operates globally with investments spanning the United States, France, Germany, Taiwan, China, Japan, Brazil, and other regions, advised by SilverBay Capital Management LLC and audited by Grant Thornton LLP. Geographically diverse holdings target sectors like aerospace/defense equipment, semiconductor equipment, e-commerce/products, applications software, and internet content/entertainment, serving investors seeking equity market outperformance. In recent developments as of September 30, 2024, the fund reported net assets of $8,592,420,130, with Class A shares at a net asset value of $22.51 and Class W shares at $16.97, reflecting strong performance including a 28.77% one-year total return. Its portfolio exhibited significant unrealized appreciation on total return swap contracts totaling $314,557,837 and purchased options valued at $1,002,380,393, underscoring active management amid market volatility. No major partnerships, acquisitions, funding rounds, or strategic shifts were publicly reported in the last 1-2 years, with operations continuing under longstanding management by the Grant Thornton fund family since inception around 2010.