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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
+13.87%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$876M
AUM Growth
+$193M
(+28%)
Cap. Flow
+$94.1M
Cap. Flow
% of AUM
10.75%
Top 10 Holdings %
Top 10 Hldgs %
91.8%
Holding
13
New
1
Increased
9
Reduced
3
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Knife River
KNF
|
+$69.1M |
| 2 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$33.2M |
| 3 |
AerCap
AER
|
+$27M |
| 4 |
Constellation Energy
CEG
|
+$15.2M |
| 5 |
MSC Industrial Direct
MSM
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deckers Outdoor
DECK
|
+$77.3M |
| 2 |
D.R. Horton
DHI
|
+$13.7M |
| 3 |
MDU Resources
MDU
|
+$6.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26.62% |
| 2 | Utilities | 22.52% |
| 3 | Communication Services | 15.93% |
| 4 | Materials | 8.08% |
| 5 | Healthcare | 7.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Constellation Energy
CEG
$97.1B
| $121M | 13.8% |
1,319,975
+183,099
| +16% | +$15.2M |
|
2
News Corp Class A
NWSA
$15.9B
| $105M | 11.95% |
5,366,832
+339,331
| +7% | +$6.15M |
|
3
Ferguson
FERG
$47B
| $84.1M | 9.6% |
534,396
+39,317
| +8% | +$5.6M |
|
|
4
AerCap
AER
$23.3B
| $81.6M | 9.31% |
1,284,106
+468,752
| +57% | +$27M |
|
|
5
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.87B
| $76.8M | 8.77% |
596,450
+265,274
| +80% | +$33.2M |
|
|
6
MDU Resources
MDU
$4.31B
| $76.5M | 8.73% |
6,590,035
-580,007
| -8% | -$6.52M |
|
|
7
Knife River
KNF
$3.73B
| $70.8M | 8.08% |
+1,627,584
| New | +$69.1M |
|
8
Tenet Healthcare
THC
$21.6B
| $68.2M | 7.79% |
838,602
+170,988
| +26% | +$12.2M |
|
|
9
MSC Industrial Direct
MSM
$6.72B
| $67.6M | 7.71% |
709,020
+143,164
| +25% | +$13.1M |
|
10
American Homes 4 Rent
AMH
$12.4B
| $53M | 6.05% |
1,496,021
+128,947
| +9% | +$4.37M |
|
11
News Corp Class B
NWS
$18.1B
| $34.9M | 3.98% |
1,767,532
+313,166
| +22% | +$5.73M |
|
|
12
D.R. Horton
DHI
$42.5B
| $31.1M | 3.55% |
255,192
-125,006
| -33% | -$13.7M |
|
|
13
Deckers Outdoor
DECK
$12.5B
| $5.95M | 0.68% |
67,614
-962,034
| -93% | -$77.3M |
|
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59 North Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, 59 North Capital Management held 13 positions worth $876M, up 28% from $683M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
59 North Capital Management deployed $94.1M of net new capital in Q2 2023, opening 1 new position and adding to 9 existing holdings. Its largest new stake was Knife River: 1,627,584 shares worth $70.8M.
By sector, the portfolio is most concentrated in Industrials at 27% of assets, up from 23% a quarter earlier, followed by Utilities and Communication Services.
On the sell side, the largest reduction was Deckers Outdoor, an estimated $77.3M trimmed.
- 59 North Capital Management's largest Q2 2023 buy was Knife River: 1,627,584 shares worth $70.8M.
- 59 North Capital Management added most to State Street SPDR S&P Oil & Gas Exploration & Production ETF in Q2 2023, an estimated $33.2M increase.
- 59 North Capital Management's biggest Q2 2023 reduction was Deckers Outdoor, cutting an estimated $77.3M.
- 59 North Capital Management's ten largest holdings make up 92% of its $876M portfolio in Q2 2023.
- 59 North Capital Management opened 1 new position and closed 0 in Q2 2023.
- 59 North Capital Management's portfolio value rose 28% quarter-over-quarter to $876M.
Based on 59 North Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.