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ACM
Axial Capital Management Portfolio holdings
AUM
$40.1M
1-Year Est. Return
2.38%
This Fund
S&P 500
This Quarter
Est. Return
+7.92%
1 Year Est. Return
-2.38%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$494M
AUM Growth
-$69.2M
(-12%)
Cap. Flow
-$118M
Cap. Flow
% of AUM
-23.96%
Top 10 Holdings %
Top 10 Hldgs %
88.68%
Holding
30
New
7
Increased
3
Reduced
8
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$6.37M |
| 2 |
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
|
+$6.17M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$4.68M |
| 4 |
3D Systems Corp
DDD
|
+$3.93M |
| 5 |
SLCA
U.S. SILICA HOLDINGS, INC.
SLCA
|
+$2.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$109M |
| 2 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$13.9M |
| 3 |
CVA
Covanta Holding Corporation
CVA
|
+$12.1M |
| 4 |
Ryman Hospitality Properties
RHP
|
+$7.54M |
| 5 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$6.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.07% |
| 2 | Utilities | 4.26% |
| 3 | Consumer Staples | 3.17% |
| 4 | Consumer Discretionary | 2.87% |
| 5 | Materials | 2.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares Russell 2000 ETF
IWM
$81.6B
| $113M | 22.89% |
1,061,526
-50,335
| -5% | -$5.21M |
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $108M | 21.78% |
640,915
-648,105
| -50% | -$109M |
|
3
PUT
Netflix
NFLX
$339B
| $58.8M | 11.9% |
13,321,000
+3,584,000
| +37% | +$13.8M |
|
|
QLTI
4
DELISTED
QLT Inc
QLTI
| $41M | 8.3% |
8,865,036
| – | – |
|
5
PUT
W.W. Grainger
GWW
$62.9B
| $39.2M | 7.92% |
149,600
+62,100
| +71% | +$16.2M |
|
|
CVA
6
DELISTED
Covanta Holding Corporation
CVA
| $21M | 4.26% |
984,423
-576,003
| -37% | -$12.1M |
|
7
Mondelez International
MDLZ
$80.4B
| $15.7M | 3.17% |
499,564
-58,322
| -10% | -$1.81M |
|
|
WMGI
8
DELISTED
Wright Medical Group Inc
WMGI
| $14.6M | 2.95% |
558,957
-78,666
| -12% | -$2.05M |
|
|
SEE
9
DELISTED
Sealed Air
SEE
| $14.2M | 2.87% |
521,849
-173,041
| -25% | -$4.9M |
|
|
SLCA
10
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $13.1M | 2.64% |
524,247
+106,173
| +25% | +$2.48M |
|
11
PUT
Tesla
TSLA
$1.37T
| $9.82M | 1.99% |
+762,000
| New | +$7.54M |
|
12
Zoetis
ZTS
$32B
| $7.76M | 1.57% |
249,452
-28,910
| -10% | -$886K |
|
|
QCOR
13
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $7.22M | 1.46% |
+124,500
| New | +$7.4M |
|
|
14
Autodesk
ADSK
$53.8B
| $7.1M | 1.44% |
+172,405
| New | +$6.37M |
|
|
MNK
15
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $6.19M | 1.25% |
+140,479
| New | +$6.17M |
|
|
TFCFA
16
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $4.98M | 1.01% |
+148,520
| New | +$4.68M |
|
|
17
PUT
3D Systems Corp
DDD
$548M
| $4.83M | 0.98% |
+89,400
| New | +$4.42M |
|
|
18
3D Systems Corp
DDD
$548M
| $4.29M | 0.87% |
+79,445
| New | +$3.93M |
|
|
19
Ryman Hospitality Properties
RHP
$8.99B
| $3.78M | 0.76% |
109,509
-211,190
| -66% | -$7.54M |
|
20
LKQ Corp
LKQ
$6.51B
| – | – |
-199,944
| Closed | -$5.15M |
|
21
PUT
Grand Canyon Education
LOPE
$3.88B
| – | – |
-20,200
| Closed | -$651K |
|
22
PUT
Nokia
NOK
$58.1B
| – | – |
-115,500
| Closed | -$432K |
|
23
Sensata Technologies
ST
$6.2B
| – | – |
-152,087
| Closed | -$5.31M |
|
|
CONE
24
DELISTED
CyrusOne Inc Common Stock
CONE
| – | – |
-335,417
| Closed | -$6.96M |
|
|
CVA
25
CALL
DELISTED
Covanta Holding Corporation
CVA
| – | – |
-356,300
| Closed | -$7.13M |
|
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Axial Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Axial Capital Management held 30 positions worth $494M, down 12% from $564M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Axial Capital Management withdrew a net $118M in Q3 2013, closing 11 positions and reducing 8 holdings. Its most notable exit was Mead Johnson Nutrition Company, an estimated $13.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 11% a quarter earlier, followed by Utilities and Consumer Staples.
Against the trend, Axial Capital Management opened a new position in Autodesk worth $7.1M.
- Axial Capital Management's largest Q3 2013 buy was Autodesk: 172,405 shares worth $7.1M.
- Axial Capital Management added most to U.S. SILICA HOLDINGS, INC. in Q3 2013, an estimated $2.48M increase.
- Axial Capital Management's biggest Q3 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $109M.
- Axial Capital Management fully exited Mead Johnson Nutrition Company in Q3 2013, selling an estimated $13.9M.
- Axial Capital Management's ten largest holdings make up 89% of its $494M portfolio in Q3 2013.
- Axial Capital Management opened 7 new positions and closed 11 in Q3 2013.
- Axial Capital Management's portfolio value fell 12% quarter-over-quarter to $494M.
Based on Axial Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.