SKYE GLOBAL MANAGEMENT LP other names

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Adviser Profile

As of Date:

04/26/2024

Adviser Type:

- Large advisory firm


Number of Employees:

7 -12.50%

of those in investment advisory functions:

3


Registration:

SEC, Approved, 5/31/2016

AUM:

3,836,241,684 17.48%

of that, discretionary:

3,836,241,684 17.48%

Private Fund GAV:

3,657,347,918 17.22%

Avg Account Size:

959,060,421 17.48%


SMA’s:

YES

Private Funds:

1

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
7B 6B 5B 4B 3B 2B 936M
2016 2017 2018 2019 2020 2021 2022 2023

Recent News

$5 Billion Hedge Fund Skye Global's Top 15 Stock Picks - Yahoo Finance
12/07/2023

In this article, we will be taking a look at the $5 billion hedge fund Skye Global's top 15 stock picks. To skip our detailed analysis of the ...

Yahoo Finance

$5 Billion Hedge Fund Skye Global’s Top 15 Stock Picks
12/07/2023

In this article, we will be taking a look at the $5 billion hedge fund Skye Global’s top 15 stock picks. To skip our detailed analysis of the hedge fund Skye Global, you can go directly to see the $5 Billion Hedge Fund Skye Global’s Top 5 Stock Picks. Rarely does a 28-year-old succeed in raising $75 […]

Insider Monkey

$5 Billion Hedge Fund Skye Global’s Top 5 Stock Picks
12/07/2023

In this article, we will be taking a look at the $5 billion hedge fund Skye Global’s top 5 stock picks. To read our detailed analysis of the hedge fund Skye Global, you can go directly to see the $5 Billion Hedge Fund Skye Global’s Top 15 Stock Picks. 5. S&P Global Inc. (NYSE:SPGI) Skye Global […]

Insider Monkey

Skye Posts Strong First-Quarter Results | Institutional Investor
04/22/2023

Jamie Sterne's Skye Global Management is off to a strong start this year. But the one-time II Hedge Fund Rising Star still has a long way to go to ...

institutionalinvestor.com

Hedge funds heading for second worst year of performance on record
08/03/2022

Hedge funds heading for second worst year of performance on record Submitted 03/08/2022 - 11:02am Hedge funds are heading for one of their worst years of performance on record, with many managers having failed to protect investors from sharp falls in equity and bond markets, according to a report by The Financial Times. According to data from HFR, hedge funds w...

Hedge Week

Skye Global Management LP Buys Amazon.com Inc, Verizon Communications Inc, British American ...
11/15/2021

Related Stocks: AMZN, VZ, GWRE, LMT, AAPL, SHOP, BTI, INST, INST, MO, FIVN, UNH, UNP, JD, CNI, ILMN, DOCU, TWTR,

gurufocus.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 1 $3,657,347,918

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
023135106 AMAZON COM INC $2,194,878,424 50.00% 10.00% 3.00%
594918104 MICROSOFT CORP $292,305,300 7.00% -21.00% -25.00%
907818108 UNION PAC CORP $243,720,484 6.00% -9.00% -1.00%
369604301 GE AEROSPACE $249,582,900 6.00% 0.00% 10.00%
43300A203 HILTON WORLDWIDE HLDGS INC $115,209,600 3.00% 13.00% 10.00%
037833100 APPLE INC $127,214,480 3.00% -52.00% -61.00%
13646K108 CANADIAN PACIFIC KANSAS CITY $150,216,840 3.00% -15.00% -5.00%
893641100 TRANSDIGM GROUP INC $141,906,698 3.00% -9.00% -12.00%
94106B101 WASTE CONNECTIONS INC $112,230,400 3.00% 147.00% 142.00%
615369105 MOODYS CORP $114,946,723 3.00% -3.00% -10.00%

Brochure Summary

Overview

Description of the Firm Skye Global Management LP (“Skye Global”) is a privately-owned limited liability company organized under the laws of the state of Delaware, with its principal place of business in West Palm Beach, Florida. Skye Global was formed in 2012, and began providing investment advisory services in July 2016. James Sterne is the indirect owner of Skye Global. Specifically, Skye Global Management GP LLC, a Delaware limited liability company, which owns 1% of Skye Global, serves as the general partner of Skye Global and is wholly owned by Mr. Sterne. Skye Global Holdings LP, a Delaware limited partnership, which owns 99% of Skye Global is the sole limited partner of Skye Global, and is wholly owned by the James M. Sterne 2016 Management Trust. Skye Global serves as the investment manager to several private investment funds and as the investment adviser to one managed account (the “Managed Account”). Skye Global does not participate in wrap fee programs. Advisory Services Offered The Funds Skye Global serves as the investment manager (the “Investment Manager”) to Skye Global Fund LLC, a Delaware limited liability company (the “U.S. Fund”), Skye Global Fund, Ltd., a Cayman Islands exempted company (the “Offshore Fund,” and together with the U.S. Fund, the “Feeder Funds”) and as the adviser (the “Adviser”) to Skye Global Master Fund Ltd., a Cayman Islands exempted company (the “Master Fund,” and together with the Feeder Funds, the “Funds”) pursuant to an investment management agreement between Skye Global and each client Fund. All of Skye Global’s Fund clients are private investment funds that are exempt from registration with the Securities and Exchange Commission. In its capacity as Investment Manager to the Feeder Funds, Skye Global provides certain non- discretionary operational and administrative services to the Feeder Funds but has no discretion with respect to the investment of their assets or their operation. The Feeder Funds seek to attain their investment objectives by investing all of their investable assets other than cash held on a short-term basis pending (i) contribution to the Master Fund; (ii) distribution to an investor; or (iii) payment of expenses incurred solely by the Fund, through a master feeder structure in the Master Fund, for which Skye Global serves as the Adviser. In its capacity as Adviser to the Master Fund, Skye Global is generally responsible for managing the assets of the Master Fund, in accordance with the specific investment guidelines set forth in the confidential private placement memorandum of each of the Feeder Funds. Subject to these investment guidelines, Skye Global has a limited power of attorney to act and has complete discretion and authority to manage the Master Fund’s assets. Skye Global, in its capacity as Adviser to the Master Fund, is authorized to make all investment decisions, buy and sell securities, issue instructions to the Master Fund’s custodians, select broker dealers to execute securities transactions and vote proxies and make similar decisions. Underlying investors in Skye Global’s client Funds do not have the ability to impose restrictions on investing in certain securities or types of securities. Skye Global offers and sells interests in the U.S. Fund in private transactions solely to accredited investors who are also qualified purchasers, as defined by law. Skye Global offers and sells shares in the Offshore Fund, to a limited number of sophisticated non-U.S. investors and U.S. investors
who are tax exempt and qualify as accredited investors and qualified purchasers. Skye Global’s investment performance is dependent upon the selection of long investments that outperform the market and short investments that underperform the market. While the confidential private placement memoranda for each of the Feeder Funds give Skye Global broad discretion with respect to the types of securities the Master Fund may purchase, Skye Global, in its capacity as Adviser to the Master Fund, will purchase and sell primarily publicly traded equity and equity-linked securities, derivatives, including, on a limited basis, virtual currency derivatives, and other assets in global markets, with an emphasis not only on issuer-specific, but where appropriate, and when market conditions allow, on geopolitical and macro analysis to understand position downside. Skye Globalwillalsoimplementsinglenameshortsellingandattempttolimitdrawdowns thoughportfoliohedging.Performance is primarily driven by the relative performance of the Master Fund’s long and short investments rather than the performance of the markets. Although the confidential private placement memoranda for each of the Feeder Funds give Skye Global broad discretion with respect to the position sizing, the Master Fund’s portfolio generally will consist of 10-15 positions, and 25-50 short positions (both single name shorts and index hedges), along with macro and/or certain other investments. Although it can vary over time, the Master Fund’s total equities gross exposure will typically range between 50% to 300% and its net exposure will typically range from 0% to 120% net long. Investment trades are generally allocated among the Funds to achieve holdings that are proportional to their respective net assets. The Managed Accounts To the extent appropriate for a large or strategic investor, Skye Global will establish a separately managed account. Skye Global currently provides investment advisory services to one Managed Account that is a university foundation. The advisory services are tailored to the investment objectives and/or restrictions established by the Managed Account client. Fee arrangements and terms for each Managed Account are individually negotiated. Accordingly, a managed account may be subject to different terms and fees than those of the Funds. Managed account relationships are generally subject to significant account minimums. The Managed Account’s investment objective and guidelines are substantially the same as those applicable to the Master Fund. except that pursuant to the investment guidelines of the Managed Account, (i) it is not permitted to invest in private equity, (ii) there are certain categories of securities that the Managed Account has instructed should not be included in its portfolio, and (iii) since the Managed Account only has one prime broker, it is not able to participate in all short transactions. Other than as set forth above, the Managed Account and the Master Fund will be managed to the extent possible, pari passu. These details are outlined in the agreement between Skye Global and the Managed Account client. As a result of this sharing of investments, the efforts of the members of Skye Global’s investment and trading teams are focused on one set of investment decisions. Assets under Management As of December 31, 2023, Skye Global managed, on a discretionary basis, client assets totaling $3,657,347,918. Skye Global does not manage client assets on a non-discretionary basis.