Socorro Asset Management, established in Q1 of 2019 and based in Texas, is a hedge fund manager employing a bottom-up, fundamental investment approach across various asset classes, capital structures, and sectors. The firm aims to deliver strong absolute returns with lower volatility over the long term, focusing on high-quality publicly traded companies.
Mark Freeman, Founding Partner, and Chief Investment Officer of Socorro, brings extensive experience from his role as former Chief Investment Officer and Senior Portfolio Manager at Westwood Holdings Group. During his 16-year tenure managing the Westwood Income Opportunity Fund until March of this year, assets under his management grew to approximately $5 billion.
According to their latest Form ADV as of March 2024, Socorro Asset Management manages discretionary assets totaling $507,816,595 for a single client. Their Q1 2024 13F filing reported managing $261,625,703 in 13F securities, with a significant concentration of 38.61% in their top 10 holdings. Their largest holding is Valero Energy Corp., with 68,037 shares held.
