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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
+15.5%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$1.66B
AUM Growth
+$420M
(+34%)
Cap. Flow
+$213M
Cap. Flow
% of AUM
12.85%
Top 10 Holdings %
Top 10 Hldgs %
84.33%
Holding
16
New
2
Increased
7
Reduced
7
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$112M |
| 2 |
Axalta
AXTA
|
+$54M |
| 3 |
Cemex
CX
|
+$47.2M |
| 4 |
Ferguson
FERG
|
+$26.3M |
| 5 |
Liberty Live Group Series C
LLYVK
|
+$20.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Energy
CEG
|
+$27.3M |
| 2 |
MSC Industrial Direct
MSM
|
+$23.7M |
| 3 |
AerCap
AER
|
+$15.1M |
| 4 |
Knife River
KNF
|
+$12.3M |
| 5 |
MDU Resources
MDU
|
+$8.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.21% |
| 2 | Materials | 16.69% |
| 3 | Communication Services | 12.99% |
| 4 | Utilities | 10.79% |
| 5 | Healthcare | 8.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
iShares Russell 2000 ETF
IWM
$82.4B
| $220M | 13.26% |
1,046,318
+562,160
| +116% | +$112M |
|
|
2
AerCap
AER
$23.3B
| $205M | 12.33% |
2,355,468
-192,036
| -8% | -$15.1M |
|
|
3
Ferguson
FERG
$47B
| $151M | 9.09% |
690,646
+131,778
| +24% | +$26.3M |
|
|
4
Constellation Energy
CEG
$97.1B
| $150M | 9.03% |
810,918
-192,599
| -19% | -$27.3M |
|
5
HCA Healthcare
HCA
$88.1B
| $140M | 8.45% |
420,671
-5,949
| -1% | -$1.82M |
|
|
6
Axalta
AXTA
$7.76B
| $131M | 7.88% |
3,805,263
+1,653,034
| +77% | +$54M |
|
7
News Corp Class A
NWSA
$15.9B
| $124M | 7.46% |
4,726,752
+725,744
| +18% | +$18.4M |
|
8
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.87B
| $94.8M | 5.71% |
611,990
+111,856
| +22% | +$15.5M |
|
|
9
Knife River
KNF
$3.73B
| $93.1M | 5.61% |
1,148,774
-175,989
| -13% | -$12.3M |
|
10
American Homes 4 Rent
AMH
$12.4B
| $91.3M | 5.5% |
2,483,442
+232,186
| +10% | +$8.29M |
|
11
News Corp Class B
NWS
$18.1B
| $68.5M | 4.13% |
2,531,939
+118,577
| +5% | +$3.13M |
|
|
12
Cemex
CX
$15.4B
| $53.1M | 3.2% |
+5,889,338
| New | +$47.2M |
|
|
13
MSC Industrial Direct
MSM
$6.72B
| $46.3M | 2.79% |
477,056
-241,977
| -34% | -$23.7M |
|
14
Lamar Advertising Co
LAMR
$15.6B
| $39.7M | 2.39% |
332,886
-25,257
| -7% | -$2.77M |
|
|
15
MDU Resources
MDU
$4.31B
| $29.2M | 1.76% |
2,091,311
-768,509
| -27% | -$8.89M |
|
|
16
Liberty Live Group Series C
LLYVK
$9.83B
| $23.3M | 1.41% |
+532,647
| New | +$20.4M |
|
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59 North Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, 59 North Capital Management held 16 positions worth $1.66B, up 34% from $1.24B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
59 North Capital Management deployed $213M of net new capital in Q1 2024, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was Cemex: 5,889,338 shares worth $53.1M.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, down from 30% a quarter earlier, followed by Materials and Communication Services.
On the sell side, the largest reduction was Constellation Energy, an estimated $27.3M trimmed.
- 59 North Capital Management's largest Q1 2024 buy was Cemex: 5,889,338 shares worth $53.1M.
- 59 North Capital Management added most to iShares Russell 2000 ETF in Q1 2024, an estimated $112M increase.
- 59 North Capital Management's biggest Q1 2024 reduction was Constellation Energy, cutting an estimated $27.3M.
- 59 North Capital Management's ten largest holdings make up 84% of its $1.66B portfolio in Q1 2024.
- 59 North Capital Management opened 2 new positions and closed 0 in Q1 2024.
- 59 North Capital Management's portfolio value rose 34% quarter-over-quarter to $1.66B.
Based on 59 North Capital Management's 13F filing for Q1 2024, filed 15 May 2024.