10 Cheap and High-Quality Stocks Picked by Former SAC Capital Analyst
Jonathan Tepper, the chief investment officer of little-known hedge fund Prevatt Capital, has an interesting approach towards investing.
Founded in 2020 by Jonathan Tepper, previously a founder at Variant Perception, Prevatt Capital is a Bahamas-based hedge fund manager specializing in long-term investments. The firm aims to invest in companies that generate significant free cash flow and exhibit high returns on capital, all at reasonable prices. Prevatt Capital manages Prevatt Global Master, a master-feeder hedge fund, primarily investing in listed equities of mid to large-cap companies.
Jonathan Tepper is the Chief Investment Officer of Prevatt Capital, an asset management firm known for its deeply-researched investments in quality companies, utilizing a fundamental value-driven approach. Before establishing Prevatt Capital, Tepper founded Variant Perception, a company that provides investment research to asset managers. His investment career began as an equity analyst at SAC Capital, followed by a role as Vice President in proprietary trading at Bank of America. Alongside his friend and partner Turi Munthe, he co-founded Demotix, a citizen-journalism website and photo agency, which was sold to Corbis, then owned by Bill Gates, in 2012. Tepper holds a BA with Highest Honors in History and Honors in Economics from the University of North Carolina at Chapel Hill and an M.Litt. in Modern History from the University of Oxford. He is a Rhodes Scholar and has served as Chairman of the Rhodes Scholars in Britain.
Prevatt Capital manages discretionary assets totaling $416,723,005, according to their Form ADV dated March 25, 2024, serving three clients. Their latest 13F filing for Q1 2024 reported $296,561,756 in managed 13F securities, with a top 10 holdings concentration of 79.15%. The firm's largest holding is CarGurus Inc., with 1,150,000 shares.
