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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
+15.11%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
+$376M
(+44%)
Cap. Flow
+$230M
Cap. Flow
% of AUM
18.53%
Top 10 Holdings %
Top 10 Hldgs %
83.87%
Holding
14
New
3
Increased
3
Reduced
8
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$105M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$86.7M |
| 3 |
Lamar Advertising Co
LAMR
|
+$33.7M |
| 4 |
Axalta
AXTA
|
+$28.4M |
| 5 |
News Corp Class B
NWS
|
+$17.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$21.4M |
| 2 |
Knife River
KNF
|
+$11.1M |
| 3 |
Constellation Energy
CEG
|
+$7.95M |
| 4 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$6.39M |
| 5 |
MDU Resources
MDU
|
+$4.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 29.84% |
| 2 | Materials | 12.97% |
| 3 | Communication Services | 12.93% |
| 4 | Utilities | 11.99% |
| 5 | Real Estate | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AerCap
AER
$23.3B
| $189M | 15.27% |
2,547,504
-324,798
| -11% | -$21.4M |
|
|
2
Constellation Energy
CEG
$97.1B
| $117M | 9.46% |
1,003,517
-68,079
| -6% | -$7.95M |
|
|
3
HCA Healthcare
HCA
$88.1B
| $115M | 9.31% |
+426,620
| New | +$105M |
|
4
Ferguson
FERG
$47B
| $108M | 8.7% |
558,868
+66,516
| +14% | +$11.2M |
|
5
News Corp Class A
NWSA
$15.9B
| $98.2M | 7.92% |
4,001,008
-26,679
| -0.7% | -$579K |
|
|
6
iShares Russell 2000 ETF
IWM
$82.4B
| $97.2M | 7.84% |
+484,158
| New | +$86.7M |
|
|
7
Knife River
KNF
$3.73B
| $87.7M | 7.07% |
1,324,763
-195,345
| -13% | -$11.1M |
|
8
American Homes 4 Rent
AMH
$12.4B
| $81M | 6.53% |
2,251,256
-49,000
| -2% | -$1.71M |
|
|
9
Axalta
AXTA
$7.76B
| $73.1M | 5.9% |
2,152,229
+948,132
| +79% | +$28.4M |
|
10
MSC Industrial Direct
MSM
$6.72B
| $72.8M | 5.87% |
719,033
-878
| -0.1% | -$86.9K |
|
|
11
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.87B
| $68.5M | 5.52% |
500,134
-45,437
| -8% | -$6.39M |
|
|
12
News Corp Class B
NWS
$18.1B
| $62.1M | 5.01% |
2,413,362
+788,604
| +49% | +$17.8M |
|
|
13
Lamar Advertising Co
LAMR
$15.6B
| $38.1M | 3.07% |
+358,143
| New | +$33.7M |
|
|
14
MDU Resources
MDU
$4.31B
| $31.4M | 2.53% |
2,859,820
-410,847
| -13% | -$4.34M |
|
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59 North Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, 59 North Capital Management held 14 positions worth $1.24B, up 44% from $864M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
59 North Capital Management deployed $230M of net new capital in Q4 2023, opening 3 new positions and adding to 3 existing holdings. Its largest new stake was HCA Healthcare: 426,620 shares worth $115M.
By sector, the portfolio is most concentrated in Industrials at 30% of assets, down from 38% a quarter earlier, followed by Materials and Communication Services.
On the sell side, the largest reduction was AerCap, an estimated $21.4M trimmed.
- 59 North Capital Management's largest Q4 2023 buy was HCA Healthcare: 426,620 shares worth $115M.
- 59 North Capital Management added most to Axalta in Q4 2023, an estimated $28.4M increase.
- 59 North Capital Management's biggest Q4 2023 reduction was AerCap, cutting an estimated $21.4M.
- 59 North Capital Management's ten largest holdings make up 84% of its $1.24B portfolio in Q4 2023.
- 59 North Capital Management opened 3 new positions and closed 0 in Q4 2023.
- 59 North Capital Management's portfolio value rose 44% quarter-over-quarter to $1.24B.
Based on 59 North Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.