BP
Banbury Partners Portfolio holdings
AUM
$161M
Turnover
35%
1-Year Est. Return
78.27%
This Fund
S&P 500
This Quarter
Est. Return
+3.87%
1 Year Est. Return
+78.27%
3 Year Est. Return
+138.06%
5 Year Est. Return
+211.63%
10 Year Est. Return
–
AUM
$407M
AUM Growth
-$1.55M
(-0.38%)
Cap. Flow
-$15.5M
Cap. Flow
% of AUM
-3.8%
Top 10 Holdings %
Top 10 Hldgs %
73.98%
Holding
20
New
5
Increased
7
Reduced
5
Closed
3
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Itron
ITRI
|
+$19.4M |
| 2 |
U-Haul Holding Co
UHAL
|
+$18M |
| 3 |
Primo Water Corporation
PRMW
|
+$16.1M |
| 4 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$13.4M |
| 5 |
CDK
CDK Global, Inc.
CDK
|
+$9.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPS Commerce
SPSC
|
+$29M |
| 2 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$26.7M |
| 3 |
Charter Communications
CHTR
|
+$14.7M |
| 4 |
Herc Holdings
HRI
|
+$14.5M |
| 5 |
Lamb Weston
LW
|
+$13.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.97% |
| 2 | Industrials | 25.87% |
| 3 | Materials | 14.31% |
| 4 | Real Estate | 10.15% |
| 5 | Communication Services | 9.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
FCE.A
1
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $41.4M | 10.15% |
1,715,800
+222,057
| +15% | +$5.5M |
2017 Q1
3 quarters
|
|
2
JELD-WEN Holding
JELD
$114M
| $39.4M | 9.68% |
1,001,301
+160,577
| +19% | +$5.96M |
2017 Q2
2 quarters
|
|
3
Workday
WDAY
$45.5B
| $32.7M | 8.04% |
321,806
+15,802
| +5% | +$1.69M |
2016 Q1
7 quarters
|
|
4
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $30.6M | 7.51% |
989,674
+87,369
| +10% | +$2.63M |
2017 Q3
1 quarter
|
|
|
CLGX
5
DELISTED
Corelogic, Inc.
CLGX
| $27.8M | 6.82% |
601,060
-78,140
| -12% | -$3.62M |
2017 Q2
2 quarters
|
|
6
Air Products & Chemicals
APD
$65.1B
| $27.7M | 6.8% |
168,724
+21,236
| +14% | +$3.38M |
2016 Q4
4 quarters
|
|
|
ZAYO
7
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $27.2M | 6.68% |
738,988
+88,988
| +14% | +$3.15M |
2017 Q3
1 quarter
|
|
8
Fair Isaac
FICO
$15.5B
| $26.7M | 6.56% |
174,303
-73,592
| -30% | -$11.1M |
2016 Q4
4 quarters
|
|
|
CDK
9
DELISTED
CDK Global, Inc.
CDK
| $24.9M | 6.12% |
349,424
+146,315
| +72% | +$9.82M |
2015 Q1
11 quarters
|
|
|
TMX
10
DELISTED
Terminix Global Holdings, Inc.
TMX
| $22.9M | 5.62% |
666,632
-197,176
| -23% | -$6.35M |
2016 Q1
7 quarters
|
|
|
11
Lamb Weston
LW
$7.31B
| $20.8M | 5.11% |
368,971
-255,955
| -41% | -$13.5M |
2017 Q1
3 quarters
|
|
|
12
Itron
ITRI
$3.7B
| $18.5M | 4.55% |
+271,539
| New | +$19.4M |
2017 Q4
0 quarters
|
|
|
13
U-Haul Holding Co
UHAL
$10.9B
| $18.1M | 4.45% |
+480,000
| New | +$18M |
2017 Q4
0 quarters
|
|
|
14
DELISTED
Primo Water Corporation
PRMW
| $16.7M | 4.09% |
+1,000,000
| New | +$16.1M |
2017 Q4
0 quarters
|
|
|
15
Charter Communications
CHTR
$12B
| $13.4M | 3.3% |
39,965
-43,209
| -52% | -$14.7M |
2014 Q4
12 quarters
|
|
|
ISBC
16
DELISTED
Investors Bancorp, Inc.
ISBC
| $13.4M | 3.29% |
+965,669
| New | +$13.4M |
2017 Q4
0 quarters
|
|
17
Kearny Financial
KRNY
$565M
| $4.98M | 1.22% |
+344,616
| New | +$5.12M |
2017 Q4
0 quarters
|
|
|
18
Herc Holdings
HRI
$4.12B
| – | – |
-295,288
| Closed | -$14.5M | – |
|
|
19
SPS Commerce
SPSC
$3.07B
| – | – |
-1,023,764
| Closed | -$29M | – |
|
|
EVHC
20
DELISTED
Envision Healthcare Holdings Inc
EVHC
| – | – |
-594,279
| Closed | -$26.7M | – |
|
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Banbury Partners's Q4 2017 Portfolio in Review
As of Q4 2017, Banbury Partners held 20 positions worth $407M, down 0.38% from $409M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Banbury Partners withdrew a net $15.5M in Q4 2017, closing 3 positions and reducing 5 holdings. Its most notable exit was SPS Commerce, an estimated $29M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 31% a quarter earlier, followed by Industrials and Materials.
Against the trend, Banbury Partners opened a new position in Itron worth $18.5M.
- Banbury Partners's largest Q4 2017 buy was Itron: 271,539 shares worth $18.5M.
- Banbury Partners added most to CDK Global, Inc. in Q4 2017, an estimated $9.82M increase.
- Banbury Partners's biggest Q4 2017 reduction was Charter Communications, cutting an estimated $14.7M.
- Banbury Partners fully exited SPS Commerce in Q4 2017, selling an estimated $29M.
- Banbury Partners's ten largest holdings make up 74% of its $407M portfolio in Q4 2017.
- Banbury Partners opened 5 new positions and closed 3 in Q4 2017.
- Banbury Partners's portfolio value fell 0.38% quarter-over-quarter to $407M.
Based on Banbury Partners's 13F filing for Q4 2017, filed 14 Feb 2018.