Founded in March 2016 by Nick Thakore, Diametric Capital stands out as a leading hedge fund manager based in Boston. Diametric's innovative structure is designed to deliver not only high performance but also below-average volatility, setting it apart in the industry. The firm prides itself on generating true alpha tailored to meet clients' specific market exposure preferences, with a fee structure that is meticulously aligned with their interests.
Nick Thakore embarked on his illustrious career journey in 1993 at Fidelity Investments, where he honed his skills as a Portfolio Manager and Analyst until 2002. Subsequently, Nick assumed the role of Co-Head of the Boston Office and Portfolio Manager at Ameriprise Financial Services, Inc., contributing significantly until 2008. Transitioning to Putnam Investments, Nick served as Co-Head of US Equities and Portfolio Manager, playing a pivotal role in shaping investment strategies until 2016. In 2016, Nick's entrepreneurial spirit led them to establish Diametric Capital, where he currently serves as the Founder and Chief Investment Officer, spearheading innovative approaches to wealth management and investment strategies. Nick Thakore's academic journey is equally impressive, having earned a Bachelor's Degree in Business from the esteemed University of Michigan - Stephen M. Ross School of Business from 1985 to 1989. Building upon this strong foundation, he pursued a Master of Business Administration with a specialization in Finance at The Wharton School from 1991 to 1993, further enriching their knowledge and expertise in the field of finance.
Diametric Capital proudly serves a select group of nine clients with discretionary assets under management (AUM) totaling an impressive $557,706,282, as disclosed in their latest Form ADV dated March 2024. Their recent 13F filing for Q4 2023 showcases a portfolio of managed 13F securities valued at $164,289,222, demonstrating a keen focus on strategic investment decisions. Notably, Diametric Capital maintains a top 10 holdings concentration of 23.77%, emphasizing a balanced approach to portfolio diversification. Within their portfolio, Diametric Capital's largest holding is International Game Technology, Inc., with a substantial stake of 197,847 shares.
| Fund Name: | Diametric Capital |
| Manager | Nick Thakore |
| Portfolio Value | $202,258,957 |
| Change This QTR | +1.10% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | IGT | 207,937 | $4,429,058 | -15% | 2.18% | ||
| 2. | WYNN | 44,918 | $4,306,737 | +5% | 2.12% | ||
| 3. | FLUT | 16,806 | $3,984,070 | -14% | 1.96% | ||
| 4. | PENN | 196,992 | $3,715,269 | -4% | 1.83% | ||
| 5. | Harrow Inc | 74,026 | $3,328,208 | -75% | 1.64% |
