Matrix Capital Management Company, LLC Profile
Matrix Capital Management Company, LLC is a hedge fund sponsor based out of Waltham, Massachusetts. The company was originally established in 1999 by David E. Goel, who is still with the company acting as its managing partner. Matrix Capital Management Company conducts its research internally, utilizing a fundamental methodology with a bottom up approach to make its investment decisions. The company invests in the growth and value stocks of companies, allocating its assets in the public equity markets within the United States. Matrix Capital Management Company invests most heavily in the information technology sector, which alone makes up over two fifth of its total asset allocations, and also invests in the consumer discretionary, which makes up another third of its total allocations, and industrials sectors, among other sectors such as utilities and telecommunications and consumer staples to a lesser degree, in order of decreasing allocation. The company holds its allocations for 8.3 quarters on average and holds its top 10 holdings, which make up over three quarters of its total holdings, for 8 quarters on average. In the most recent quarter, Matrix Capital Management Company had a turnover rate of 41.2%. The company now operates with 14 employees of which 8 are investment professionals. Matrix Capital Management Company manages over $3.2 billion in total assets under management spread across 5 total accounts, all of which are discretionary accounts. Although Matrix Capital Management Company’s total number of accounts has stayed at the same level in recent years, its total assets under management has been increasing despite slight volatility, growing significantly from $680 million back in 2012 to approaching five times that amount today. The company caters exclusively to pooled investment vehicles. Matrix Capital Management Company takes advisory fees in the form of a percentage of assets and various performance based fees.