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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
+1.85%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$2.03B
AUM Growth
+$370M
(+22%)
Cap. Flow
+$360M
Cap. Flow
% of AUM
17.73%
Top 10 Holdings %
Top 10 Hldgs %
79.85%
Holding
19
New
3
Increased
6
Reduced
6
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$220M |
| 2 |
Louisiana-Pacific
LPX
|
+$131M |
| 3 |
SIX
Six Flags Entertainment Corp.
SIX
|
+$99.3M |
| 4 |
News Corp Class A
NWSA
|
+$87.6M |
| 5 |
Cemex
CX
|
+$84.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$220M |
| 2 |
HCA Healthcare
HCA
|
+$47.5M |
| 3 |
MSC Industrial Direct
MSM
|
+$46.3M |
| 4 |
MDU Resources
MDU
|
+$29.2M |
| 5 |
Constellation Energy
CEG
|
+$25.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.08% |
| 2 | Communication Services | 20.71% |
| 3 | Materials | 14.55% |
| 4 | Technology | 11.2% |
| 5 | Real Estate | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AerCap
AER
$23.3B
| $301M | 14.85% |
3,232,975
+877,507
| +37% | +$78.1M |
|
|
2
Western Digital
WDC
$167B
| $227M | 11.2% |
+3,969,325
| New | +$220M |
|
|
3
News Corp Class A
NWSA
$15.9B
| $224M | 11.03% |
8,118,848
+3,392,096
| +72% | +$87.6M |
|
4
Ferguson
FERG
$47B
| $139M | 6.84% |
717,228
+26,582
| +4% | +$5.58M |
|
|
5
Constellation Energy
CEG
$97.1B
| $137M | 6.75% |
684,391
-126,527
| -16% | -$25.8M |
|
|
6
Louisiana-Pacific
LPX
$5.31B
| $130M | 6.38% |
+1,573,693
| New | +$131M |
|
|
SIX
7
DELISTED
Six Flags Entertainment Corp.
SIX
| $125M | 6.16% |
+3,773,762
| New | +$99.3M |
|
8
Axalta
AXTA
$7.76B
| $118M | 5.84% |
3,466,378
-338,885
| -9% | -$11.6M |
|
9
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.87B
| $110M | 5.44% |
759,262
+147,272
| +24% | +$22.3M |
|
|
10
Cemex
CX
$15.4B
| $108M | 5.34% |
16,971,011
+11,081,673
| +188% | +$84.8M |
|
11
American Homes 4 Rent
AMH
$12.4B
| $90.8M | 4.48% |
2,444,362
-39,080
| -2% | -$1.41M |
|
12
Lamar Advertising Co
LAMR
$15.6B
| $90.3M | 4.45% |
755,402
+422,516
| +127% | +$49.2M |
|
|
13
HCA Healthcare
HCA
$88.1B
| $88.2M | 4.34% |
274,427
-146,244
| -35% | -$47.5M |
|
14
News Corp Class B
NWS
$18.1B
| $71.4M | 3.52% |
2,514,959
-16,980
| -0.7% | -$452K |
|
15
Knife River
KNF
$3.73B
| $68.3M | 3.37% |
973,761
-175,013
| -15% | -$13.1M |
|
|
16
iShares Russell 2000 ETF
IWM
$82.4B
| – | – |
-1,046,318
| Closed | -$220M |
|
17
Liberty Live Group Series C
LLYVK
$9.83B
| – | – |
-532,647
| Closed | -$23.3M |
|
|
18
MDU Resources
MDU
$4.31B
| – | – |
-2,091,311
| Closed | -$29.2M |
|
|
19
MSC Industrial Direct
MSM
$6.72B
| – | – |
-477,056
| Closed | -$46.3M |
|
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59 North Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, 59 North Capital Management held 19 positions worth $2.03B, up 22% from $1.66B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
59 North Capital Management deployed $360M of net new capital in Q2 2024, opening 3 new positions and adding to 6 existing holdings. Its largest new stake was Western Digital: 3,969,325 shares worth $227M.
By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 24% a quarter earlier, followed by Communication Services and Materials.
On the sell side, the largest reduction was HCA Healthcare, an estimated $47.5M trimmed.
- 59 North Capital Management's largest Q2 2024 buy was Western Digital: 3,969,325 shares worth $227M.
- 59 North Capital Management added most to News Corp Class A in Q2 2024, an estimated $87.6M increase.
- 59 North Capital Management's biggest Q2 2024 reduction was HCA Healthcare, cutting an estimated $47.5M.
- 59 North Capital Management fully exited iShares Russell 2000 ETF in Q2 2024, selling an estimated $220M.
- 59 North Capital Management's ten largest holdings make up 80% of its $2.03B portfolio in Q2 2024.
- 59 North Capital Management opened 3 new positions and closed 4 in Q2 2024.
- 59 North Capital Management's portfolio value rose 22% quarter-over-quarter to $2.03B.
Based on 59 North Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.