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ACM
Ararat Capital Management Portfolio holdings
AUM
$178M
1-Year Est. Return
26.61%
This Fund
S&P 500
This Quarter
Est. Return
+9.61%
1 Year Est. Return
+26.61%
3 Year Est. Return
+56.08%
5 Year Est. Return
+44.39%
10 Year Est. Return
–
AUM
$314M
AUM Growth
+$13.5M
(+4.5%)
Cap. Flow
+$21.5M
Cap. Flow
% of AUM
6.86%
Top 10 Holdings %
Top 10 Hldgs %
70.99%
Holding
24
New
5
Increased
9
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRC
First Republic Bank
FRC
|
+$18.1M |
| 2 |
MarineMax
HZO
|
+$9.5M |
| 3 |
SQSP
Squarespace, Inc.
SQSP
|
+$7.04M |
| 4 |
LegalZoom.com
LZ
|
+$6.29M |
| 5 |
Byline Bancorp
BY
|
+$6.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COUP
Coupa Software Incorporated
COUP
|
+$16M |
| 2 |
Pathward Financial
CASH
|
+$13.6M |
| 3 |
CarMax
KMX
|
+$10.5M |
| 4 |
SGI
Somnigroup International
SGI
|
+$6.26M |
| 5 |
Flex
FLEX
|
+$4.84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.14% |
| 2 | Industrials | 13.39% |
| 3 | Financials | 13.1% |
| 4 | Consumer Discretionary | 12.77% |
| 5 | Materials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Byline Bancorp
BY
$1.75B
| $30.1M | 9.61% |
1,394,008
+258,469
| +23% | +$6.03M |
|
2
Ingevity
NGVT
$2.55B
| $24.8M | 7.92% |
347,372
-1,114
| -0.3% | -$88.4K |
|
3
MediaAlpha
MAX
$710M
| $24.2M | 7.7% |
1,612,984
+183,162
| +13% | +$2.48M |
|
|
ENFN
4
DELISTED
Enfusion, Inc.
ENFN
| $23.9M | 7.62% |
2,275,888
-54,869
| -2% | -$605K |
|
5
McGrath RentCorp
MGRC
$2.94B
| $22.4M | 7.13% |
239,659
+3,200
| +1% | +$316K |
|
|
6
Flex
FLEX
$43.4B
| $22M | 7.02% |
1,268,964
-279,782
| -18% | -$4.84M |
|
7
QuidelOrtho
QDEL
$1.09B
| $19.7M | 6.29% |
221,427
+3,282
| +2% | +$286K |
|
|
8
LegalZoom.com
LZ
$1.23B
| $19M | 6.07% |
2,030,638
+743,070
| +58% | +$6.29M |
|
|
DEN
9
DELISTED
Denbury Inc.
DEN
| $18.5M | 5.91% |
211,589
+10,599
| +5% | +$891K |
|
10
GoDaddy
GDDY
$12.3B
| $17.9M | 5.71% |
230,525
+17,376
| +8% | +$1.34M |
|
|
ROVR
11
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $17.6M | 5.63% |
3,895,592
+475,457
| +14% | +$1.92M |
|
|
SGI
12
Somnigroup International
SGI
$15.1B
| $13.7M | 4.37% |
347,047
-157,489
| -31% | -$6.26M |
|
13
US Foods
USFD
$21.4B
| $13M | 4.13% |
350,660
-11,605
| -3% | -$430K |
|
|
VZIO
14
DELISTED
VIZIO Holding Corp.
VZIO
| $12.3M | 3.91% |
1,334,784
+595,312
| +81% | +$5.37M |
|
|
15
Pathward Financial
CASH
$1.81B
| $10.9M | 3.49% |
263,671
-288,948
| -52% | -$13.6M |
|
|
SQSP
16
DELISTED
Squarespace, Inc.
SQSP
| $9.05M | 2.88% |
+284,728
| New | +$7.04M |
|
|
17
MarineMax
HZO
$800M
| $8.69M | 2.77% |
+302,275
| New | +$9.5M |
|
|
FRC
18
DELISTED
First Republic Bank
FRC
| $2.47M | 0.79% |
+176,412
| New | +$18.1M |
|
|
FRC
19
PUT
DELISTED
First Republic Bank
FRC
| $2.47M | 0.79% |
+176,400
| New | +$18.1M |
|
20
Dolby
DLB
$4.72B
| $584K | 0.19% |
6,834
-17,401
| -72% | -$1.4M |
|
21
PUT
Vuzix
VUZI
$190M
| $242K | 0.08% |
+58,500
| New | +$263K |
|
22
GitLab
GTLB
$5.28B
| – | – |
-57,622
| Closed | -$2.62M |
|
|
23
CarMax
KMX
$8.27B
| – | – |
-172,300
| Closed | -$10.5M |
|
|
COUP
24
DELISTED
Coupa Software Incorporated
COUP
| – | – |
-202,265
| Closed | -$16M |
|
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ACM
Ararat Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Ararat Capital Management held 24 positions worth $314M, up 4.5% from $300M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Ararat Capital Management deployed $21.5M of net new capital in Q1 2023, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was First Republic Bank: 176,412 shares worth $2.47M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Pathward Financial, an estimated $13.6M trimmed.
- Ararat Capital Management's largest Q1 2023 buy was First Republic Bank: 176,412 shares worth $2.47M.
- Ararat Capital Management added most to LegalZoom.com in Q1 2023, an estimated $6.29M increase.
- Ararat Capital Management's biggest Q1 2023 reduction was Pathward Financial, cutting an estimated $13.6M.
- Ararat Capital Management fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $16M.
- Ararat Capital Management's ten largest holdings make up 71% of its $314M portfolio in Q1 2023.
- Ararat Capital Management opened 5 new positions and closed 3 in Q1 2023.
- Ararat Capital Management's portfolio value rose 4.5% quarter-over-quarter to $314M.
Based on Ararat Capital Management's 13F filing for Q1 2023, filed 15 May 2023.