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1C
1623 Capital Portfolio holdings
AUM
$173M
1-Year Est. Return
17.08%
This Fund
S&P 500
This Quarter
Est. Return
-11.72%
1 Year Est. Return
+17.08%
3 Year Est. Return
+11.9%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$68.4M
(-26%)
Cap. Flow
-$41.1M
Cap. Flow
% of AUM
-20.61%
Top 10 Holdings %
Top 10 Hldgs %
50.88%
Holding
69
New
11
Increased
13
Reduced
12
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$4.5M |
| 2 |
FedEx
FDX
|
+$3.29M |
| 3 |
Etsy
ETSY
|
+$2.08M |
| 4 |
Spire Global
SPIR
|
+$949K |
| 5 |
Trade Desk
TTD
|
+$816K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Small-Cap ETF
IJR
|
+$11.1M |
| 2 |
Meta Platforms (Facebook)
META
|
+$9.42M |
| 3 |
Pinterest
PINS
|
+$6.24M |
| 4 |
PubMatic
PUBM
|
+$5.28M |
| 5 |
CME Group
CME
|
+$4.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.41% |
| 2 | Financials | 15.91% |
| 3 | Consumer Discretionary | 15.39% |
| 4 | Healthcare | 10.83% |
| 5 | Real Estate | 9.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Dollar General
DG
$28B
| $12.6M | 6.33% |
56,702
+1,202
| +2% | +$255K |
|
|
2
Visa
V
$684B
| $11.7M | 5.87% |
52,800
+20,800
| +65% | +$4.5M |
|
|
3
FedEx
FDX
$72.7B
| $11.6M | 5.8% |
50,000
+14,000
| +39% | +$3.29M |
|
4
Amazon
AMZN
$2.92T
| $11.1M | 5.55% |
68,000
| – | – |
|
5
Apple
AAPL
$4.54T
| $10.7M | 5.34% |
61,032
| – | – |
|
6
American Tower
AMT
$80.8B
| $10M | 5.04% |
40,000
| – | – |
|
7
Equinix
EQIX
$101B
| $9.27M | 4.65% |
12,500
| – | – |
|
|
SCHW
8
Charles Schwab
SCHW
$183B
| $8.85M | 4.44% |
105,000
| – | – |
|
9
ServiceNow
NOW
$115B
| $8.41M | 4.21% |
75,500
-19,500
| -21% | -$2.19M |
|
10
Broadridge
BR
$17.8B
| $7.32M | 3.67% |
47,000
| – | – |
|
11
Veeva Systems
VEEV
$33.1B
| $6.37M | 3.19% |
30,000
-4,500
| -13% | -$976K |
|
|
XYZ
12
Block Inc
XYZ
$48.4B
| $6.25M | 3.13% |
46,100
-8,900
| -16% | -$1.08M |
|
13
Mercado Libre
MELI
$95.2B
| $6.18M | 3.1% |
5,200
| – | – |
|
14
Paycom
PAYC
$7.64B
| $6.01M | 3.01% |
17,360
+1,200
| +7% | +$402K |
|
15
Moody's
MCO
$82.8B
| $6.01M | 3.01% |
17,809
| – | – |
|
16
NVR
NVR
$16.5B
| $5.36M | 2.69% |
1,200
| – | – |
|
17
Medtronic
MDT
$109B
| $5.33M | 2.67% |
48,000
| – | – |
|
18
Mastercard
MA
$502B
| $5.18M | 2.6% |
14,500
+1,000
| +7% | +$359K |
|
19
Zoetis
ZTS
$32.4B
| $4.98M | 2.5% |
26,400
| – | – |
|
20
Adobe
ADBE
$99.5B
| $4.89M | 2.45% |
10,734
| – | – |
|
|
21
CALL
Amazon
AMZN
$2.92T
| $4.89M | 2.45% |
+30,000
| New | +$4.64M |
|
22
GFL Environmental
GFL
$14.9B
| $4.78M | 2.4% |
147,000
| – | – |
|
23
ASML
ASML
$626B
| $4.54M | 2.28% |
6,800
| – | – |
|
|
24
Trade Desk
TTD
$8.48B
| $4.53M | 2.27% |
65,370
+11,300
| +21% | +$816K |
|
|
25
Etsy
ETSY
$7.75B
| $4.35M | 2.18% |
35,000
+14,000
| +67% | +$2.08M |
|
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1623 Capital's Q1 2022 Portfolio in Review
As of Q1 2022, 1623 Capital held 69 positions worth $200M, down 26% from $268M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
1623 Capital withdrew a net $41.1M in Q1 2022, closing 18 positions and reducing 12 holdings. Its most notable exit was iShares Core S&P Small-Cap ETF, an estimated $11.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, 1623 Capital opened a new position in Splunk Inc worth $917K.
- 1623 Capital's largest Q1 2022 buy was Splunk Inc: 6,171 shares worth $917K.
- 1623 Capital added most to Visa in Q1 2022, an estimated $4.5M increase.
- 1623 Capital's biggest Q1 2022 reduction was ServiceNow, cutting an estimated $2.19M.
- 1623 Capital fully exited iShares Core S&P Small-Cap ETF in Q1 2022, selling an estimated $11.1M.
- 1623 Capital's ten largest holdings make up 51% of its $200M portfolio in Q1 2022.
- 1623 Capital opened 11 new positions and closed 18 in Q1 2022.
- 1623 Capital's portfolio value fell 26% quarter-over-quarter to $200M.
Based on 1623 Capital's 13F filing for Q1 2022, filed 13 May 2022.