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BM
Bridger Management Portfolio holdings
AUM
$128M
1-Year Est. Return
9.54%
This Fund
S&P 500
This Quarter
Est. Return
+20.7%
1 Year Est. Return
+9.54%
3 Year Est. Return
+98.31%
5 Year Est. Return
+125.76%
10 Year Est. Return
+911.97%
AUM
$1.39B
AUM Growth
+$176M
(+15%)
Cap. Flow
-$61.1M
Cap. Flow
% of AUM
-4.41%
Top 10 Holdings %
Top 10 Hldgs %
49.12%
Holding
37
New
6
Increased
8
Reduced
16
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Natera
NTRA
|
+$46.2M |
| 2 |
Centene
CNC
|
+$41.5M |
| 3 |
LivaNova
LIVN
|
+$38.5M |
| 4 |
HCA Healthcare
HCA
|
+$25.1M |
| 5 |
QuidelOrtho
QDEL
|
+$18.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDCO
Medicines Co
MDCO
|
+$73.5M |
| 2 |
WMGI
Wright Medical Group Inc
WMGI
|
+$46.5M |
| 3 |
Humana
HUM
|
+$40.6M |
| 4 |
Liberty Broadband Class A
LBRDA
|
+$25.2M |
| 5 |
Charter Communications
CHTR
|
+$22.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 51.03% |
| 2 | Consumer Discretionary | 15.11% |
| 3 | Technology | 12.77% |
| 4 | Communication Services | 5.22% |
| 5 | Consumer Staples | 4.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Zimmer Biomet
ZBH
$18.1B
| $88.2M | 6.36% |
606,982
+124,045
| +26% | +$17.1M |
|
2
Alcon
ALC
$33.5B
| $80.4M | 5.8% |
1,422,079
+125,144
| +10% | +$7.17M |
|
|
3
Centene
CNC
$30.7B
| $77.3M | 5.58% |
1,229,609
+765,381
| +165% | +$41.5M |
|
4
GoDaddy
GDDY
$10.5B
| $74.5M | 5.38% |
1,097,145
-43,600
| -4% | -$2.88M |
|
|
5
HCA Healthcare
HCA
$86.9B
| $72.8M | 5.25% |
492,256
+186,945
| +61% | +$25.1M |
|
6
Caesars Entertainment
CZR
$6.06B
| $70.2M | 5.06% |
1,176,393
-116,604
| -9% | -$5.77M |
|
7
Post Holdings
POST
$4.15B
| $62.8M | 4.53% |
880,194
-34,991
| -4% | -$2.39M |
|
8
Alnylam Pharmaceuticals
ALNY
$27.1B
| $53.9M | 3.89% |
467,918
+116,157
| +33% | +$11.6M |
|
9
GDS Holdings
GDS
$6.5B
| $51.1M | 3.68% |
989,787
-184,636
| -16% | -$8.27M |
|
10
Morgan Stanley
MS
$332B
| $49.8M | 3.59% |
973,461
-291,027
| -23% | -$13.8M |
|
11
Atara Biotherapeutics
ATRA
$74.4M
| $48.3M | 3.48% |
117,315
+10,874
| +10% | +$3.75M |
|
|
12
Charter Communications
CHTR
$17.4B
| $48.2M | 3.48% |
99,459
-48,160
| -33% | -$22.2M |
|
|
ZGNX
13
DELISTED
Zogenix, Inc.
ZGNX
| $46.3M | 3.34% |
887,459
+141,792
| +19% | +$6.49M |
|
|
14
Humana
HUM
$44.1B
| $45.6M | 3.29% |
124,387
-127,913
| -51% | -$40.6M |
|
15
LKQ Corp
LKQ
$5.7B
| $45.6M | 3.29% |
1,276,708
-61,100
| -5% | -$2.07M |
|
|
DRNA
16
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $43.7M | 3.15% |
1,981,633
-676,563
| -25% | -$13.6M |
|
|
17
Natera
NTRA
$38.3B
| $42.2M | 3.04% |
+1,252,746
| New | +$46.2M |
|
18
Heron Therapeutics
HRTX
$95.4M
| $40.5M | 2.92% |
1,721,816
-704,798
| -29% | -$15.6M |
|
|
19
LivaNova
LIVN
$4.43B
| $38.3M | 2.76% |
+507,621
| New | +$38.5M |
|
20
MGM Resorts International
MGM
$11.4B
| $38M | 2.74% |
1,143,396
-300,147
| -21% | -$9.14M |
|
21
VeriSign
VRSN
$26.1B
| $33.3M | 2.4% |
172,604
| – | – |
|
22
Etsy
ETSY
$7.87B
| $28.4M | 2.05% |
641,994
| – | – |
|
23
Shake Shack
SHAK
$2.54B
| $27.2M | 1.96% |
456,828
+93,986
| +26% | +$6.75M |
|
|
MDCO
24
DELISTED
Medicines Co
MDCO
| $25.9M | 1.87% |
305,002
-1,102,294
| -78% | -$73.5M |
|
|
25
QuidelOrtho
QDEL
$1.13B
| $21.5M | 1.55% |
+286,697
| New | +$18.5M |
|
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Bridger Management's Q4 2019 Portfolio in Review
As of Q4 2019, Bridger Management held 37 positions worth $1.39B, up 15% from $1.21B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Bridger Management withdrew a net $61.1M in Q4 2019, closing 2 positions and reducing 16 holdings. Its most notable exit was Wright Medical Group Inc, an estimated $46.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 51% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Bridger Management opened a new position in Natera worth $42.2M.
- Bridger Management's largest Q4 2019 buy was Natera: 1,252,746 shares worth $42.2M.
- Bridger Management added most to Centene in Q4 2019, an estimated $41.5M increase.
- Bridger Management's biggest Q4 2019 reduction was Medicines Co, cutting an estimated $73.5M.
- Bridger Management fully exited Wright Medical Group Inc in Q4 2019, selling an estimated $46.5M.
- Bridger Management's ten largest holdings make up 49% of its $1.39B portfolio in Q4 2019.
- Bridger Management opened 6 new positions and closed 2 in Q4 2019.
- Bridger Management's portfolio value rose 15% quarter-over-quarter to $1.39B.
Based on Bridger Management's 13F filing for Q4 2019, filed 14 Feb 2020.