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5NCM
59 North Capital Management Portfolio holdings
AUM
$4.49B
1-Year Est. Return
6.4%
This Fund
S&P 500
This Quarter
Est. Return
+1.61%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$683M
AUM Growth
+$125M
(+22%)
Cap. Flow
+$123M
Cap. Flow
% of AUM
17.93%
Top 10 Holdings %
Top 10 Hldgs %
90.85%
Holding
16
New
2
Increased
9
Reduced
1
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$64.8M |
| 2 |
AerCap
AER
|
+$48.8M |
| 3 |
Tenet Healthcare
THC
|
+$37.1M |
| 4 |
News Corp Class A
NWSA
|
+$21.8M |
| 5 |
News Corp Class B
NWS
|
+$20.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zions Bancorporation
ZION
|
+$35.9M |
| 2 |
WCC
WESCO International
WCC
|
+$35.9M |
| 3 |
Brookdale Senior Living
BKD
|
+$19.5M |
| 4 |
PPLI
People Inc
PPLI
|
+$18.9M |
| 5 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$102K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 25.22% |
| 2 | Industrials | 23.36% |
| 3 | Consumer Discretionary | 16.73% |
| 4 | Communication Services | 16.42% |
| 5 | Real Estate | 6.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Constellation Energy
CEG
$98.1B
| $89.2M | 13.06% |
1,136,876
+801,496
| +239% | +$64.8M |
|
|
2
News Corp Class A
NWSA
$16.6B
| $86.8M | 12.71% |
5,027,501
+1,193,610
| +31% | +$21.8M |
|
3
MDU Resources
MDU
$4.16B
| $83.1M | 12.16% |
7,170,042
+500,159
| +7% | +$5.81M |
|
4
Deckers Outdoor
DECK
$12B
| $77.1M | 11.29% |
1,029,648
+76,902
| +8% | +$5.38M |
|
5
Ferguson
FERG
$44.2B
| $66.2M | 9.69% |
495,079
+74,043
| +18% | +$10.3M |
|
6
MSC Industrial Direct
MSM
$6.66B
| $47.5M | 6.96% |
565,856
+31,887
| +6% | +$2.64M |
|
|
7
AerCap
AER
$23.2B
| $45.8M | 6.71% |
+815,354
| New | +$48.8M |
|
8
American Homes 4 Rent
AMH
$12.1B
| $43M | 6.29% |
1,367,074
+391,098
| +40% | +$12.5M |
|
|
9
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.78B
| $42.3M | 6.18% |
331,176
-765
| -0.2% | -$102K |
|
|
10
Tenet Healthcare
THC
$21.5B
| $39.7M | 5.81% |
+667,614
| New | +$37.1M |
|
11
D.R. Horton
DHI
$41.2B
| $37.1M | 5.44% |
380,198
+36,587
| +11% | +$3.49M |
|
|
12
News Corp Class B
NWS
$18.7B
| $25.3M | 3.71% |
1,454,366
+1,098,223
| +308% | +$20.3M |
|
|
13
Brookdale Senior Living
BKD
$2.8B
| – | – |
-7,156,325
| Closed | -$19.5M |
|
|
PPLI
14
People Inc
PPLI
$2.91B
| – | – |
-519,858
| Closed | -$18.9M |
|
|
WCC
15
WESCO International
WCC
$16.4B
| – | – |
-286,349
| Closed | -$35.9M |
|
|
16
Zions Bancorporation
ZION
$9.89B
| – | – |
-731,032
| Closed | -$35.9M |
|
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59 North Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, 59 North Capital Management held 16 positions worth $683M, up 22% from $558M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
59 North Capital Management deployed $123M of net new capital in Q1 2023, opening 2 new positions and adding to 9 existing holdings. Its largest new stake was AerCap: 815,354 shares worth $45.8M.
By sector, the portfolio is most concentrated in Utilities at 25% of assets, up from 19% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P Oil & Gas Exploration & Production ETF, an estimated $102K trimmed.
- 59 North Capital Management's largest Q1 2023 buy was AerCap: 815,354 shares worth $45.8M.
- 59 North Capital Management added most to Constellation Energy in Q1 2023, an estimated $64.8M increase.
- 59 North Capital Management's biggest Q1 2023 reduction was State Street SPDR S&P Oil & Gas Exploration & Production ETF, cutting an estimated $102K.
- 59 North Capital Management fully exited Zions Bancorporation in Q1 2023, selling an estimated $35.9M.
- 59 North Capital Management's ten largest holdings make up 91% of its $683M portfolio in Q1 2023.
- 59 North Capital Management opened 2 new positions and closed 4 in Q1 2023.
- 59 North Capital Management's portfolio value rose 22% quarter-over-quarter to $683M.
Based on 59 North Capital Management's 13F filing for Q1 2023, filed 15 May 2023.