BP
Banbury Partners Portfolio holdings
AUM
$161M
Turnover
35%
1-Year Est. Return
78.27%
This Fund
S&P 500
This Quarter
Est. Return
-11.61%
1 Year Est. Return
+78.27%
3 Year Est. Return
+138.06%
5 Year Est. Return
+211.63%
10 Year Est. Return
–
AUM
$323M
AUM Growth
-$54M
(-14%)
Cap. Flow
-$10.6M
Cap. Flow
% of AUM
-3.28%
Top 10 Holdings %
Top 10 Hldgs %
70.89%
Holding
21
New
1
Increased
10
Reduced
6
Closed
4
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keysight
KEYS
|
+$18.8M |
| 2 |
PVTL
Pivotal Software, Inc.
PVTL
|
+$9.19M |
| 3 |
New York Times
NYT
|
+$7.55M |
| 4 |
CarGurus
CARG
|
+$6.95M |
| 5 |
Workday
WDAY
|
+$5.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$21.5M |
| 2 |
CLGX
Corelogic, Inc.
CLGX
|
+$18.8M |
| 3 |
Wolfspeed
WOLF
|
+$9.77M |
| 4 |
Summit Materials, Inc. Class A Common Stock
SUM
|
+$6.9M |
| 5 |
JELD-WEN Holding
JELD
|
+$6.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.11% |
| 2 | Communication Services | 21.73% |
| 3 | Industrials | 14.01% |
| 4 | Healthcare | 8.59% |
| 5 | Consumer Staples | 6.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Zoetis
ZTS
$31.1B
| $27.7M | 8.59% |
324,008
+47,887
| +17% | +$4.31M |
2018 Q3
1 quarter
|
|
2
Charter Communications
CHTR
$12B
| $26.2M | 8.13% |
92,084
-2,180
| -2% | -$684K |
2014 Q4
16 quarters
|
|
|
TMX
3
DELISTED
Terminix Global Holdings, Inc.
TMX
| $23.9M | 7.41% |
651,250
-34,906
| -5% | -$1.45M |
2016 Q1
11 quarters
|
|
|
4
New York Times
NYT
$10.8B
| $22.8M | 7.08% |
1,024,889
+297,900
| +41% | +$7.55M |
2018 Q2
2 quarters
|
|
5
Fair Isaac
FICO
$15.5B
| $22.4M | 6.95% |
119,976
+17,095
| +17% | +$3.33M |
2016 Q4
8 quarters
|
|
6
SS&C Technologies
SSNC
$19.3B
| $22.4M | 6.94% |
496,893
+5,816
| +1% | +$282K |
2018 Q2
2 quarters
|
|
7
Copart
CPRT
$24.3B
| $21.3M | 6.6% |
1,782,764
+20,084
| +1% | +$248K |
2018 Q2
2 quarters
|
|
|
8
CarGurus
CARG
$2.67B
| $21.1M | 6.52% |
624,103
+173,424
| +38% | +$6.95M |
2018 Q2
2 quarters
|
|
|
PVTL
9
DELISTED
Pivotal Software, Inc.
PVTL
| $20.9M | 6.46% |
1,276,016
+513,417
| +67% | +$9.19M |
2018 Q2
2 quarters
|
|
10
DELISTED
Primo Water Corporation
PRMW
| $20.1M | 6.22% |
1,440,246
+3,790
| +0.3% | +$55.8K |
2017 Q4
4 quarters
|
|
|
11
Keysight
KEYS
$60.9B
| $19.4M | 6.01% |
+312,700
| New | +$18.8M |
2018 Q4
0 quarters
|
|
|
12
Wolfspeed
WOLF
$1.3B
| $18.6M | 5.76% |
434,850
-240,999
| -36% | -$9.77M |
2018 Q1
3 quarters
|
|
|
13
Workday
WDAY
$45.5B
| $15.7M | 4.85% |
98,153
+40,543
| +70% | +$5.74M |
2016 Q1
11 quarters
|
|
14
ServiceNow
NOW
$145B
| $13.3M | 4.13% |
374,205
-163,395
| -30% | -$5.8M |
2018 Q1
3 quarters
|
|
15
Air Products & Chemicals
APD
$65.1B
| $11.8M | 3.67% |
73,927
-3,444
| -4% | -$546K |
2016 Q4
8 quarters
|
|
16
Carvana
CVNA
$41.7B
| $9.09M | 2.82% |
1,389,490
+639,490
| +85% | +$5.38M |
2018 Q3
1 quarter
|
|
|
ISBC
17
DELISTED
Investors Bancorp, Inc.
ISBC
| $6.03M | 1.87% |
579,657
-28,073
| -5% | -$324K |
2017 Q4
4 quarters
|
|
|
18
JELD-WEN Holding
JELD
$114M
| – | – |
-272,997
| Closed | -$6.73M | – |
|
|
19
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| – | – |
-385,931
| Closed | -$6.9M | – |
|
|
CLGX
20
DELISTED
Corelogic, Inc.
CLGX
| – | – |
-380,065
| Closed | -$18.8M | – |
|
|
ZAYO
21
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-618,268
| Closed | -$21.5M | – |
|
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Banbury Partners's Q4 2018 Portfolio in Review
As of Q4 2018, Banbury Partners held 21 positions worth $323M, down 14% from $377M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Banbury Partners withdrew a net $10.6M in Q4 2018, closing 4 positions and reducing 6 holdings. Its most notable exit was Zayo Group Holdings, Inc., an estimated $21.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 37% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Banbury Partners opened a new position in Keysight worth $19.4M.
- Banbury Partners's largest Q4 2018 buy was Keysight: 312,700 shares worth $19.4M.
- Banbury Partners added most to Pivotal Software, Inc. in Q4 2018, an estimated $9.19M increase.
- Banbury Partners's biggest Q4 2018 reduction was Wolfspeed, cutting an estimated $9.77M.
- Banbury Partners fully exited Zayo Group Holdings, Inc. in Q4 2018, selling an estimated $21.5M.
- Banbury Partners's ten largest holdings make up 71% of its $323M portfolio in Q4 2018.
- Banbury Partners opened 1 new position and closed 4 in Q4 2018.
- Banbury Partners's portfolio value fell 14% quarter-over-quarter to $323M.
Based on Banbury Partners's 13F filing for Q4 2018, filed 14 Feb 2019.