BP
Banbury Partners Portfolio holdings
AUM
$161M
Turnover
35%
1-Year Est. Return
78.27%
This Fund
S&P 500
This Quarter
Est. Return
+6.11%
1 Year Est. Return
+78.27%
3 Year Est. Return
+138.06%
5 Year Est. Return
+211.63%
10 Year Est. Return
–
AUM
$377M
AUM Growth
-$41.9M
(-10%)
Cap. Flow
-$52.3M
Cap. Flow
% of AUM
-13.88%
Top 10 Holdings %
Top 10 Hldgs %
67.4%
Holding
22
New
2
Increased
6
Reduced
12
Closed
2
Avg Time Held
1
year
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zoetis
ZTS
|
+$24.5M |
| 2 |
Carvana
CVNA
|
+$8.03M |
| 3 |
Charter Communications
CHTR
|
+$7.44M |
| 4 |
TMX
Terminix Global Holdings, Inc.
TMX
|
+$3.54M |
| 5 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$2.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$20.5M |
| 2 |
Itron
ITRI
|
+$15.7M |
| 3 |
JELD-WEN Holding
JELD
|
+$11.6M |
| 4 |
Air Products & Chemicals
APD
|
+$11.1M |
| 5 |
Workday
WDAY
|
+$9.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.19% |
| 2 | Communication Services | 24.97% |
| 3 | Industrials | 15.38% |
| 4 | Healthcare | 6.71% |
| 5 | Consumer Staples | 6.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$12B
| $30.7M | 8.15% |
94,264
+24,381
| +35% | +$7.44M |
2014 Q4
15 quarters
|
|
|
TMX
2
DELISTED
Terminix Global Holdings, Inc.
TMX
| $28.5M | 7.56% |
686,156
+88,387
| +15% | +$3.54M |
2016 Q1
10 quarters
|
|
3
SS&C Technologies
SSNC
$19.3B
| $27.9M | 7.41% |
491,077
+33,370
| +7% | +$1.85M |
2018 Q2
1 quarter
|
|
4
Wolfspeed
WOLF
$1.3B
| $25.6M | 6.79% |
675,849
+53,315
| +9% | +$2.42M |
2018 Q1
2 quarters
|
|
|
5
Zoetis
ZTS
$31.1B
| $25.3M | 6.71% |
+276,121
| New | +$24.5M |
2018 Q3
0 quarters
|
|
6
CarGurus
CARG
$2.67B
| $25.1M | 6.66% |
450,679
-192,468
| -30% | -$8.9M |
2018 Q2
1 quarter
|
|
7
Fair Isaac
FICO
$15.5B
| $23.5M | 6.24% |
102,881
-15,027
| -13% | -$3.26M |
2016 Q4
7 quarters
|
|
8
DELISTED
Primo Water Corporation
PRMW
| $23.2M | 6.16% |
1,436,456
-78,091
| -5% | -$1.24M |
2017 Q4
3 quarters
|
|
9
Copart
CPRT
$24.3B
| $22.7M | 6.03% |
1,762,680
-376,188
| -18% | -$5.62M |
2018 Q2
1 quarter
|
|
|
ZAYO
10
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $21.5M | 5.7% |
618,268
+69,334
| +13% | +$2.53M |
2017 Q3
4 quarters
|
|
11
ServiceNow
NOW
$145B
| $21M | 5.58% |
537,600
-79,580
| -13% | -$3.01M |
2018 Q1
2 quarters
|
|
|
CLGX
12
DELISTED
Corelogic, Inc.
CLGX
| $18.8M | 4.98% |
380,065
-41,899
| -10% | -$2.13M |
2017 Q2
5 quarters
|
|
13
New York Times
NYT
$10.8B
| $16.8M | 4.47% |
726,989
-250,224
| -26% | -$5.99M |
2018 Q2
1 quarter
|
|
|
PVTL
14
DELISTED
Pivotal Software, Inc.
PVTL
| $14.9M | 3.96% |
762,599
+96,980
| +15% | +$2.36M |
2018 Q2
1 quarter
|
|
|
15
Air Products & Chemicals
APD
$65.1B
| $12.9M | 3.43% |
77,371
-68,471
| -47% | -$11.1M |
2016 Q4
7 quarters
|
|
|
16
Carvana
CVNA
$41.7B
| $8.86M | 2.35% |
+750,000
| New | +$8.03M |
2018 Q3
0 quarters
|
|
|
17
Workday
WDAY
$45.5B
| $8.41M | 2.23% |
57,610
-69,009
| -55% | -$9.59M |
2016 Q1
10 quarters
|
|
|
ISBC
18
DELISTED
Investors Bancorp, Inc.
ISBC
| $7.46M | 1.98% |
607,730
-27,089
| -4% | -$345K |
2017 Q4
3 quarters
|
|
19
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.9M | 1.83% |
385,931
-273,739
| -41% | -$5.95M |
2017 Q3
4 quarters
|
|
|
20
JELD-WEN Holding
JELD
$114M
| $6.73M | 1.79% |
272,997
-434,656
| -61% | -$11.6M |
2017 Q2
5 quarters
|
|
|
21
Booking.com
BKNG
$121B
| – | – |
-253,075
| Closed | -$20.5M | – |
|
|
22
Itron
ITRI
$3.7B
| – | – |
-261,974
| Closed | -$15.7M | – |
|
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Banbury Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Banbury Partners held 22 positions worth $377M, down 10% from $419M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Banbury Partners withdrew a net $52.3M in Q3 2018, closing 2 positions and reducing 12 holdings. Its most notable exit was Booking.com, an estimated $20.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Banbury Partners opened a new position in Zoetis worth $25.3M.
- Banbury Partners's largest Q3 2018 buy was Zoetis: 276,121 shares worth $25.3M.
- Banbury Partners added most to Charter Communications in Q3 2018, an estimated $7.44M increase.
- Banbury Partners's biggest Q3 2018 reduction was JELD-WEN Holding, cutting an estimated $11.6M.
- Banbury Partners fully exited Booking.com in Q3 2018, selling an estimated $20.5M.
- Banbury Partners's ten largest holdings make up 67% of its $377M portfolio in Q3 2018.
- Banbury Partners opened 2 new positions and closed 2 in Q3 2018.
- Banbury Partners's portfolio value fell 10% quarter-over-quarter to $377M.
Based on Banbury Partners's 13F filing for Q3 2018, filed 14 Nov 2018.