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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
+4.53%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$864M
AUM Growth
-$12.4M
(-1.4%)
Cap. Flow
-$53M
Cap. Flow
% of AUM
-6.13%
Top 10 Holdings %
Top 10 Hldgs %
96.25%
Holding
14
New
1
Increased
3
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$100M |
| 2 |
Axalta
AXTA
|
+$35.3M |
| 3 |
American Homes 4 Rent
AMH
|
+$28.9M |
| 4 |
MSC Industrial Direct
MSM
|
+$1.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tenet Healthcare
THC
|
+$68.2M |
| 2 |
MDU Resources
MDU
|
+$38.2M |
| 3 |
D.R. Horton
DHI
|
+$31.1M |
| 4 |
News Corp Class A
NWSA
|
+$27.2M |
| 5 |
Constellation Energy
CEG
|
+$25.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 38.41% |
| 2 | Utilities | 17.64% |
| 3 | Communication Services | 13.28% |
| 4 | Materials | 12.35% |
| 5 | Real Estate | 8.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.3B
| $180M | 20.85% |
2,872,302
+1,588,196
| +124% | +$100M |
|
|
2
Constellation Energy
CEG
$97.1B
| $117M | 13.54% |
1,071,596
-248,379
| -19% | -$25.6M |
|
3
Ferguson
FERG
$47B
| $81M | 9.38% |
492,352
-42,044
| -8% | -$6.64M |
|
|
4
News Corp Class A
NWSA
$15.9B
| $80.8M | 9.36% |
4,027,687
-1,339,145
| -25% | -$27.2M |
|
5
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.87B
| $80.7M | 9.34% |
545,571
-50,879
| -9% | -$7.29M |
|
|
6
American Homes 4 Rent
AMH
$12.4B
| $77.5M | 8.97% |
2,300,256
+804,235
| +54% | +$28.9M |
|
7
Knife River
KNF
$3.73B
| $74.2M | 8.6% |
1,520,108
-107,476
| -7% | -$5.1M |
|
|
8
MSC Industrial Direct
MSM
$6.72B
| $70.7M | 8.18% |
719,911
+10,891
| +2% | +$1.07M |
|
|
9
MDU Resources
MDU
$4.31B
| $35.5M | 4.11% |
3,270,667
-3,319,368
| -50% | -$38.2M |
|
10
News Corp Class B
NWS
$18.1B
| $33.9M | 3.93% |
1,624,758
-142,774
| -8% | -$2.96M |
|
|
11
Axalta
AXTA
$7.76B
| $32.4M | 3.75% |
+1,204,097
| New | +$35.3M |
|
12
Deckers Outdoor
DECK
$12.5B
| – | – |
-67,614
| Closed | -$5.95M |
|
|
13
D.R. Horton
DHI
$42.5B
| – | – |
-255,192
| Closed | -$31.1M |
|
|
14
Tenet Healthcare
THC
$21.6B
| – | – |
-838,602
| Closed | -$68.2M |
|
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59 North Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, 59 North Capital Management held 14 positions worth $864M, down 1.4% from $876M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
59 North Capital Management withdrew a net $53M in Q3 2023, closing 3 positions and reducing 7 holdings. Its most notable exit was Tenet Healthcare, an estimated $68.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 38% of assets, up from 27% a quarter earlier, followed by Utilities and Communication Services.
Against the trend, 59 North Capital Management opened a new position in Axalta worth $32.4M.
- 59 North Capital Management's largest Q3 2023 buy was Axalta: 1,204,097 shares worth $32.4M.
- 59 North Capital Management added most to AerCap in Q3 2023, an estimated $100M increase.
- 59 North Capital Management's biggest Q3 2023 reduction was MDU Resources, cutting an estimated $38.2M.
- 59 North Capital Management fully exited Tenet Healthcare in Q3 2023, selling an estimated $68.2M.
- 59 North Capital Management's ten largest holdings make up 96% of its $864M portfolio in Q3 2023.
- 59 North Capital Management opened 1 new position and closed 3 in Q3 2023.
- 59 North Capital Management's portfolio value fell 1.4% quarter-over-quarter to $864M.
Based on 59 North Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.