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1SP
140 Summer Partners Portfolio holdings
AUM
$1.64B
1-Year Est. Return
47.44%
This Fund
S&P 500
This Quarter
Est. Return
-8.84%
1 Year Est. Return
+47.44%
3 Year Est. Return
+133.92%
5 Year Est. Return
+200.55%
10 Year Est. Return
–
AUM
$732M
AUM Growth
-$532M
(-42%)
Cap. Flow
-$429M
Cap. Flow
% of AUM
-58.56%
Top 10 Holdings %
Top 10 Hldgs %
87.3%
Holding
20
New
2
Increased
3
Reduced
8
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caesars Entertainment
CZR
|
+$58.6M |
| 2 |
PBF Energy
PBF
|
+$48.5M |
| 3 |
Regal Rexnord
RRX
|
+$5.87M |
| 4 |
Cheniere Energy
LNG
|
+$436K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$60M |
| 2 |
CMA
Comerica
CMA
|
+$49.9M |
| 3 |
Hartford Financial Services
HIG
|
+$45.2M |
| 4 |
Humana
HUM
|
+$37.2M |
| 5 |
SVC
Service Properties Trust
SVC
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 18.62% |
| 2 | Communication Services | 16.64% |
| 3 | Consumer Discretionary | 15.58% |
| 4 | Technology | 11.4% |
| 5 | Financials | 8.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.5B
| $143M | 19.56% |
846,000
+316,000
| +60% | +$58.3M |
|
|
2
Cheniere Energy
LNG
$54.9B
| $91.3M | 12.47% |
686,601
+3,200
| +0.5% | +$436K |
|
3
T-Mobile US
TMUS
$191B
| $82.5M | 11.27% |
613,392
-194,100
| -24% | -$25.3M |
|
4
Allstate
ALL
$68.2B
| $63.6M | 8.68% |
501,502
-45,301
| -8% | -$5.94M |
|
5
Teledyne Technologies
TDY
$32B
| $46.6M | 6.36% |
124,129
-5,700
| -4% | -$2.38M |
|
6
Brunswick
BC
$5.21B
| $45.5M | 6.21% |
695,296
-2,100
| -0.3% | -$154K |
|
|
7
PBF Energy
PBF
$7.86B
| $45M | 6.15% |
+1,551,738
| New | +$48.5M |
|
|
8
Humana
HUM
$46.3B
| $41.9M | 5.72% |
89,506
-83,500
| -48% | -$37.2M |
|
|
9
Caesars Entertainment
CZR
$6.13B
| $40.3M | 5.51% |
+1,052,813
| New | +$58.6M |
|
10
Alphabet (Google) Class A
GOOGL
$4.37T
| $39.4M | 5.38% |
361,400
-214,600
| -37% | -$25.3M |
|
|
CHNG
11
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $36.9M | 5.04% |
1,600,522
-179,662
| -10% | -$4.2M |
|
|
BRSL
12
Brightstar Lottery PLC
BRSL
$2.02B
| $28.3M | 3.86% |
1,524,344
-669,690
| -31% | -$14.3M |
|
|
13
Regal Rexnord
RRX
$11.5B
| $27.8M | 3.8% |
245,292
+46,192
| +23% | +$5.87M |
|
|
14
American Express
AXP
$229B
| – | – |
-320,700
| Closed | -$60M |
|
15
Booking.com
BKNG
$160B
| – | – |
-155,000
| Closed | -$14.6M |
|
|
CMA
16
DELISTED
Comerica
CMA
| – | – |
-551,853
| Closed | -$49.9M |
|
|
17
Hartford Financial Services
HIG
$38.7B
| – | – |
-628,800
| Closed | -$45.2M |
|
18
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| – | – |
-3,310,400
| Closed | -$272M |
|
19
AdvisorShares Pure US Cannabis ETF
MSOS
$884M
| – | – |
-832,834
| Closed | -$17.4M |
|
|
SVC
20
Service Properties Trust
SVC
$1.05B
| – | – |
-602,013
| Closed | -$26.6M |
|
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140 Summer Partners's Q2 2022 Portfolio in Review
As of Q2 2022, 140 Summer Partners held 20 positions worth $732M, down 42% from $1.26B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
140 Summer Partners withdrew a net $429M in Q2 2022, closing 7 positions and reducing 8 holdings. Its most notable exit was American Express, an estimated $60M position sold in full.
By sector, the portfolio is most concentrated in Energy at 19% of assets, up from 7.5% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, 140 Summer Partners opened a new position in Caesars Entertainment worth $40.3M.
- 140 Summer Partners's largest Q2 2022 buy was Caesars Entertainment: 1,052,813 shares worth $40.3M.
- 140 Summer Partners added most to Regal Rexnord in Q2 2022, an estimated $5.87M increase.
- 140 Summer Partners's biggest Q2 2022 reduction was Humana, cutting an estimated $37.2M.
- 140 Summer Partners fully exited American Express in Q2 2022, selling an estimated $60M.
- 140 Summer Partners's ten largest holdings make up 87% of its $732M portfolio in Q2 2022.
- 140 Summer Partners opened 2 new positions and closed 7 in Q2 2022.
- 140 Summer Partners's portfolio value fell 42% quarter-over-quarter to $732M.
Based on 140 Summer Partners's 13F filing for Q2 2022, filed 15 Aug 2022.