BP
Banbury Partners Portfolio holdings
AUM
$161M
Turnover
35%
1-Year Est. Return
78.27%
This Fund
S&P 500
This Quarter
Est. Return
+1.3%
1 Year Est. Return
+78.27%
3 Year Est. Return
+138.06%
5 Year Est. Return
+211.63%
10 Year Est. Return
–
AUM
$265M
AUM Growth
-$37.4M
(-12%)
Cap. Flow
-$33.4M
Cap. Flow
% of AUM
-12.61%
Top 10 Holdings %
Top 10 Hldgs %
85.96%
Holding
17
New
3
Increased
3
Reduced
9
Closed
2
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Clarivate
CLVT
|
+$26.1M |
| 2 |
Fidelity National Information Services
FIS
|
+$22.3M |
| 3 |
Wolfspeed
WOLF
|
+$17.9M |
| 4 |
LKQ Corp
LKQ
|
+$17.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$9.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fair Isaac
FICO
|
+$23.1M |
| 2 |
Insulet
PODD
|
+$21.9M |
| 3 |
SS&C Technologies
SSNC
|
+$21.7M |
| 4 |
ServiceNow
NOW
|
+$15.6M |
| 5 |
Carvana
CVNA
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.61% |
| 2 | Communication Services | 31.22% |
| 3 | Consumer Discretionary | 10.67% |
| 4 | Healthcare | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$12B
| $27.9M | 10.51% |
67,636
-12,018
| -15% | -$4.85M |
2014 Q4
19 quarters
|
|
2
Keysight
KEYS
$60.9B
| $26.9M | 10.15% |
276,630
-60,237
| -18% | -$5.58M |
2018 Q4
3 quarters
|
|
|
3
Clarivate
CLVT
$1.03B
| $26.6M | 10.02% |
+1,574,402
| New | +$26.1M |
2019 Q3
0 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.88T
| $26.3M | 9.92% |
147,745
+47,745
| +48% | +$9.08M |
2019 Q2
1 quarter
|
|
5
Zoetis
ZTS
$31.1B
| $22.5M | 8.5% |
180,904
-69,227
| -28% | -$8.36M |
2018 Q3
4 quarters
|
|
|
6
Fidelity National Information Services
FIS
$18.3B
| $22.3M | 8.41% |
+168,000
| New | +$22.3M |
2019 Q3
0 quarters
|
|
7
New York Times
NYT
$10.8B
| $21.6M | 8.16% |
759,506
+41,996
| +6% | +$1.32M |
2018 Q2
5 quarters
|
|
|
8
LKQ Corp
LKQ
$5.52B
| $20.4M | 7.71% |
+650,000
| New | +$17.8M |
2019 Q3
0 quarters
|
|
|
9
Wolfspeed
WOLF
$1.3B
| $17M | 6.4% |
346,235
+328,774
| +1,883% | +$17.9M |
2018 Q1
6 quarters
|
|
10
Palo Alto Networks
PANW
$307B
| $16.4M | 6.19% |
483,258
-95,142
| -16% | -$3.37M |
2019 Q2
1 quarter
|
|
11
Workday
WDAY
$45.5B
| $10.8M | 4.07% |
63,418
-49,604
| -44% | -$9.58M |
2016 Q1
14 quarters
|
|
|
12
ServiceNow
NOW
$145B
| $10.3M | 3.89% |
203,160
-286,405
| -59% | -$15.6M |
2018 Q1
6 quarters
|
|
|
13
Carvana
CVNA
$41.7B
| $7.85M | 2.96% |
594,680
-816,465
| -58% | -$11.7M |
2018 Q3
4 quarters
|
|
14
CarGurus
CARG
$2.67B
| $6.96M | 2.63% |
225,000
-64,521
| -22% | -$2.2M |
2018 Q2
5 quarters
|
|
|
15
SS&C Technologies
SSNC
$19.3B
| $1.31M | 0.49% |
25,405
-424,594
| -94% | -$21.7M |
2018 Q2
5 quarters
|
|
|
16
Fair Isaac
FICO
$15.5B
| – | – |
-73,454
| Closed | -$23.1M | – |
|
|
17
Insulet
PODD
$9.29B
| – | – |
-183,300
| Closed | -$21.9M | – |
|
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Banbury Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Banbury Partners held 17 positions worth $265M, down 12% from $303M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Banbury Partners withdrew a net $33.4M in Q3 2019, closing 2 positions and reducing 9 holdings. Its most notable exit was Fair Isaac, an estimated $23.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 50% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Banbury Partners opened a new position in Clarivate worth $26.6M.
- Banbury Partners's largest Q3 2019 buy was Clarivate: 1,574,402 shares worth $26.6M.
- Banbury Partners added most to Wolfspeed in Q3 2019, an estimated $17.9M increase.
- Banbury Partners's biggest Q3 2019 reduction was SS&C Technologies, cutting an estimated $21.7M.
- Banbury Partners fully exited Fair Isaac in Q3 2019, selling an estimated $23.1M.
- Banbury Partners's ten largest holdings make up 86% of its $265M portfolio in Q3 2019.
- Banbury Partners opened 3 new positions and closed 2 in Q3 2019.
- Banbury Partners's portfolio value fell 12% quarter-over-quarter to $265M.
Based on Banbury Partners's 13F filing for Q3 2019, filed 13 Nov 2019.