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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
+5.4%
1 Year Est. Return
+6.4%
3 Year Est. Return
+81.4%
5 Year Est. Return
+85.56%
10 Year Est. Return
–
AUM
$2.23B
AUM Growth
+$200M
Cap. Flow
+$110M
Cap. Flow %
4.92%
Top 10 Hldgs %
78.16%
Holding
19
New
4
Increased
6
Reduced
6
Closed
2

Top Buys

Rank Stock Value
1
FUN icon
Cedar Fair
FUN
+$147M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$96.7M
3
CEG icon
Constellation Energy
CEG
+$79.1M
4
GLD icon
SPDR Gold Trust
GLD
+$75.9M
5
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$28.8M

Top Sells

Rank Stock Value
1
SIX
Six Flags Entertainment Corp.
SIX
+$125M
2
HCA icon
HCA Healthcare
HCA
+$88.2M
3
KNF icon
Knife River
KNF
+$68.2M
4
NWSA icon
News Corp Class A
NWSA
+$46.9M
5
AXTA icon
Axalta
AXTA
+$36.2M

Sector Composition

Rank Sector Weight
1 Industrials 27.29%
2 Miscellaneous 13.8%
3 Utilities 12.62%
4 Communication Services 11.85%
5 Technology 9.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AER icon
1
AerCap
AER
$23.2B
$300M 13.45%
3,166,211
-66,764
-2% -$6.26M
CEG icon
2
Constellation Energy
CEG
$98.1B
$281M 12.62%
1,082,332
+397,941
+58% +$79.1M
WDC icon
3
Western Digital
WDC
$166B
$220M 9.86%
4,260,118
+290,793
+7% +$14.7M
LPX icon
4
Louisiana-Pacific
LPX
$4.98B
$188M 8.42%
1,747,757
+174,064
+11% +$16.4M
NWSA icon
5
News Corp Class A
NWSA
$16.6B
$170M 7.64%
6,392,769
-1,726,079
-21% -$46.9M
FUN icon
6
Cedar Fair
FUN
$1.66B
$129M 5.79%
+3,204,210
New +$147M
XOP icon
7
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.78B
$127M 5.71%
967,799
+208,537
+27% +$28.8M
FERG icon
8
Ferguson
FERG
$44.2B
$121M 5.42%
608,571
-108,657
-15% -$22M
CX icon
9
Cemex
CX
$15.7B
$106M 4.77%
17,422,432
+451,421
+3% +$2.83M
IWM icon
10
iShares Russell 2000 ETF
IWM
$80.8B
$99.8M 4.48%
+451,774
New +$96.7M
NWS icon
11
News Corp Class B
NWS
$18.7B
$93.9M 4.21%
3,358,825
+843,866
+34% +$23.8M
AMH icon
12
American Homes 4 Rent
AMH
$12.1B
$93.8M 4.21%
2,444,362
– –
LAMR icon
13
Lamar Advertising Co
LAMR
$15.3B
$88.9M 3.99%
665,773
-89,629
-12% -$10.9M
AXTA icon
14
Axalta
AXTA
$7.92B
$88.1M 3.95%
2,434,270
-1,032,108
-30% -$36.2M
GLD icon
15
SPDR Gold Trust
GLD
$149B
$80.5M 3.61%
+331,338
New +$75.9M
FLUT icon
16
Flutter Entertainment
FLUT
$17.7B
$32.7M 1.47%
+138,022
New +$28.7M
KNF icon
17
Knife River
KNF
$3.65B
$8.94M 0.4%
100,000
-873,761
-90% -$68.2M
HCA icon
18
HCA Healthcare
HCA
$90.5B
– –
-274,427
Closed -$88.2M
SIX
19
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-3,773,762
Closed -$125M

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WA
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WSFS
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59 North Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, 59 North Capital Management held 19 positions worth $2.23B, up 9.9% from $2.03B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

59 North Capital Management deployed $110M of net new capital in Q3 2024, opening 4 new positions and adding to 6 existing holdings. Its largest new stake was Cedar Fair: 3,204,210 shares worth $129M.

By sector, the portfolio is most concentrated in Industrials at 27% of assets, down from 28% a quarter earlier, followed by Miscellaneous and Utilities.

On the sell side, the largest reduction was Knife River, an estimated $68.2M trimmed.

  • 59 North Capital Management's largest Q3 2024 buy was Cedar Fair: 3,204,210 shares worth $129M.
  • 59 North Capital Management added most to Constellation Energy in Q3 2024, an estimated $79.1M increase.
  • 59 North Capital Management's biggest Q3 2024 reduction was Knife River, cutting an estimated $68.2M.
  • 59 North Capital Management fully exited Six Flags Entertainment Corp. in Q3 2024, selling an estimated $125M.
  • 59 North Capital Management's ten largest holdings make up 78% of its $2.23B portfolio in Q3 2024.
  • 59 North Capital Management opened 4 new positions and closed 2 in Q3 2024.
  • 59 North Capital Management's portfolio value rose 9.9% quarter-over-quarter to $2.23B.

Based on 59 North Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.