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Jake Barfield — Institutional Investor Profile | Buyside Digest

Jake Barfield

Institutional Investor • Asheville Capital Management

Value

$1M

Stocks

50 Stocks

Turnover

0.0%

CIK

0001775446EDGAR ↗

Website ↗

Top Holdings

NVDA(9.91%) AAPL(8.76%) GOOG(8.12%) MSFT(5.56%) AMZN(5.12%)

About Investor

The firm believes that in the short run, the market is a voting machine but in the long run, it is a weighing machine. Their investment strategy primarily focuses on investing in undervalued securities aiming for above-average capital appreciation. They conduct extensive fieldwork, including industry and management reviews, to inform investment decisions while acknowledging the high financial risks involved, including potential full loss of investment. The firm emphasizes patience amid short-term fluctuations, remaining confident in the long-term investment thesis based on fundamental value and competitive advantages. They believe the benefits of investing internationally include a valuation discount and delayed secular growth tailwinds compared to the US, highlighting specific market consolidation opportunities. The firm's philosophy centers on identifying and investing in world-class businesses before these companies gain widespread recognition, with the goal of outperforming market indices through consistent capital compounding. They acknowledge the volatility inherent in the portfolio but believe the quality and growth of its holdings will lead to favorable outcomes over time. Their approach involves understanding that despite negative returns in some periods, the thesis behind holdings may remain intact, prompting opportunistic additions at lower price points. The firm expresses gratitude for investor support and remains committed to responsible asset management.

Investor Philosophy

Investment philosophy details pending verification.

Jake Barfield Top Holdings

Ticker	P/C	Company Name	Sector	Market Value	Weight	% Chg
NVDA	None	NVIDIA Corporation	Information Technology	$236.5M	9.9%	No Change
AAPL	None	Apple Inc.	Information Technology	$208.8M	8.8%	No Change
GOOG	None	Alphabet Inc.	Communication Services	$193.8M	8.1%	No Change
MSFT	None	Microsoft Corporation	Information Technology	$132.7M	5.6%	No Change
AMZN	None	Amazon.com, Inc.	Consumer Discretionary	$122.2M	5.1%	No Change
AVGO	None	Broadcom Inc.	Information Technology	$92.5M	3.9%	No Change
XLE	None	XLE ETF	General	$90.4M	3.8%	No Change
MU	None	Micron Technology, Inc.	Information Technology	$70.5M	3.0%	No Change
META	None	Meta Platforms, Inc.	Communication Services	$62.3M	2.6%	No Change
LLY	None	Eli Lilly and Company	Health Care	$60.7M	2.5%	No Change

Recent Buys (13F)

Ticker	Amount	% Chg	Weight	Status
No recent buys.

Recent Sells (13F)

Ticker	Amount	% Chg	Weight	Status
MSMorgan Stanley	$22229.9M	-100.0%	0.0%	Sold Out
AAXNAxon Enterprise Inc	$17.2M	-99.9%	0.7%	Decreased
AXONAxon Enterprises	$17.2M	-100.0%	0.0%	Sold Out

13F Sector Breakdown

Information Technology39.8%

Communication Services12.0%

General9.9%

Financials9.4%

Consumer Discretionary7.5%

Sector	Stocks	Value	Exposure
Information Technology	12	$949.7M	39.8%
Communication Services	3	$285.5M	12.0%
General	6	$236.1M	9.9%
Financials	8	$223.7M	9.4%
Consumer Discretionary	4	$177.6M	7.5%
Health Care	4	$151.9M	6.4%
Consumer Staples	5	$135.3M	5.7%
Industrials	5	$120.2M	5.0%
Utilities	1	$60.6M	2.5%
Real Estate	1	$23.0M	1.0%
Materials	1	$21.8M	0.9%