# Mercator Fund (Cayman Master) LP

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1799043. Source: https://holderbook.com/funds/1799043-mercator-fund-cayman-master-lp/

- Reported value: $125.3M
- Positions: 15
- Weight of the ten largest: 93.7%
- Filed: 2020-01-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NELNET INC | [NNI](https://holderbook.com/stocks/NNI/) | $22.8M | 391,347 | 18.2% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $20.1M | 15,031 | 16.1% | 1 |
| AIR TRANSPORT SERVICES GRP I | [ATSG](https://holderbook.com/stocks/ATSG/) | $15.1M | 643,769 | 12.1% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $11.5M | 246,275 | 9.2% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $10.6M | 98,082 | 8.5% | 1 |
| STARS GROUP INC | [TSG](https://holderbook.com/stocks/TSG/) | $9.4M | 358,523 | 7.5% | 1 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $9.2M | 126,994 | 7.3% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $8.1M | 64,013 | 6.5% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.1M | 31,239 | 5.6% | 1 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $3.7M | 48,741 | 2.9% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.2M | 15,200 | 2.6% | 1 |
| GCI LIBERTY INC | [GLIBA](https://holderbook.com/stocks/GLIBA/) | $1.5M | 21,276 | 1.2% | 1 |
| NIAGEN BIOSCIENCE INC | [NAGE](https://holderbook.com/stocks/NAGE/) | $1.4M | 315,025 | 1.1% | 1 |
| INSMED INC | - | $968.0K | 1,000,000 | 0.8% | 1 |
| INSMED INC | [INSM](https://holderbook.com/stocks/INSM/) | $778.0K | 32,597 | 0.6% | 1 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $125.3M | 15 |