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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
-17.25%
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
$864M
AUM Growth
-$522M
(-38%)
Cap. Flow
-$225M
Cap. Flow
% of AUM
-26.07%
Top 10 Holdings %
Top 10 Hldgs %
51.12%
Holding
45
New
11
Increased
3
Reduced
14
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$42.6M |
| 2 |
UnitedHealth
UNH
|
+$40.6M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$37.9M |
| 4 |
Incyte
INCY
|
+$32.2M |
| 5 |
HRC
HILL-ROM HOLDINGS, INC.
HRC
|
+$19.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zimmer Biomet
ZBH
|
+$88.2M |
| 2 |
ZGNX
Zogenix, Inc.
ZGNX
|
+$46.3M |
| 3 |
Humana
HUM
|
+$45.6M |
| 4 |
Heron Therapeutics
HRTX
|
+$40.5M |
| 5 |
LivaNova
LIVN
|
+$38.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 48.52% |
| 2 | Technology | 15.17% |
| 3 | Consumer Discretionary | 13.66% |
| 4 | Communication Services | 5.97% |
| 5 | Consumer Staples | 5.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
GoDaddy
GDDY
$10.5B
| $56.9M | 6.59% |
997,145
-100,000
| -9% | -$6.62M |
|
2
Centene
CNC
$30.6B
| $53.3M | 6.17% |
896,873
-332,736
| -27% | -$20.2M |
|
3
Post Holdings
POST
$4.18B
| $47.8M | 5.53% |
880,194
| – | – |
|
4
Natera
NTRA
$37.7B
| $46.4M | 5.37% |
1,554,808
+302,062
| +24% | +$10.1M |
|
|
5
Regeneron Pharmaceuticals
REGN
$76.2B
| $44.8M | 5.19% |
+91,797
| New | +$37.9M |
|
6
Alcon
ALC
$33.4B
| $44.1M | 5.11% |
868,502
-553,577
| -39% | -$31.8M |
|
7
Charter Communications
CHTR
$17.3B
| $39M | 4.52% |
89,459
-10,000
| -10% | -$4.89M |
|
8
Alnylam Pharmaceuticals
ALNY
$27.3B
| $37.8M | 4.38% |
347,573
-120,345
| -26% | -$13.9M |
|
|
9
UnitedHealth
UNH
$382B
| $36.8M | 4.25% |
+147,384
| New | +$40.6M |
|
10
HCA Healthcare
HCA
$86.1B
| $34.7M | 4.02% |
386,667
-105,589
| -21% | -$13.7M |
|
11
Morgan Stanley
MS
$334B
| $33.1M | 3.83% |
973,461
| – | – |
|
|
12
MGM Resorts International
MGM
$11.4B
| $33M | 3.82% |
2,798,796
+1,655,400
| +145% | +$42.6M |
|
|
13
Incyte
INCY
$24.3B
| $31.2M | 3.62% |
+426,708
| New | +$32.2M |
|
14
VeriSign
VRSN
$26.1B
| $31.1M | 3.6% |
172,604
| – | – |
|
|
DRNA
15
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $30.9M | 3.57% |
1,679,344
-302,289
| -15% | -$5.88M |
|
16
GDS Holdings
GDS
$6.46B
| $26.7M | 3.09% |
459,904
-529,883
| -54% | -$29.5M |
|
17
LKQ Corp
LKQ
$5.69B
| $26.2M | 3.03% |
1,276,708
| – | – |
|
18
Caesars Entertainment
CZR
$6.05B
| $19.5M | 2.26% |
1,354,466
+178,073
| +15% | +$8.33M |
|
|
HRC
19
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $19.2M | 2.22% |
+190,426
| New | +$19.7M |
|
20
Atara Biotherapeutics
ATRA
$72.5M
| $19.1M | 2.21% |
89,856
-27,459
| -23% | -$8.72M |
|
21
Shake Shack
SHAK
$2.55B
| $17M | 1.97% |
450,144
-6,684
| -1% | -$396K |
|
|
WORK
22
DELISTED
Slack Technologies, Inc.
WORK
| $16.4M | 1.9% |
611,713
-200,000
| -25% | -$4.82M |
|
23
Etsy
ETSY
$7.77B
| $16.3M | 1.89% |
424,277
-217,717
| -34% | -$10.6M |
|
24
Ironwood Pharmaceuticals
IRWD
$680M
| $15.6M | 1.8% |
+1,544,590
| New | +$18.2M |
|
25
Labcorp
LH
$25.2B
| $14M | 1.63% |
+129,387
| New | +$18.6M |
|
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Bridger Management's Q1 2020 Portfolio in Review
As of Q1 2020, Bridger Management held 45 positions worth $864M, down 38% from $1.39B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Bridger Management withdrew a net $225M in Q1 2020, closing 9 positions and reducing 14 holdings. Its most notable exit was Zimmer Biomet, an estimated $88.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 49% of assets, down from 51% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Bridger Management opened a new position in UnitedHealth worth $36.8M.
- Bridger Management's largest Q1 2020 buy was UnitedHealth: 147,384 shares worth $36.8M.
- Bridger Management added most to MGM Resorts International in Q1 2020, an estimated $42.6M increase.
- Bridger Management's biggest Q1 2020 reduction was Alcon, cutting an estimated $31.8M.
- Bridger Management fully exited Zimmer Biomet in Q1 2020, selling an estimated $88.2M.
- Bridger Management's ten largest holdings make up 51% of its $864M portfolio in Q1 2020.
- Bridger Management opened 11 new positions and closed 9 in Q1 2020.
- Bridger Management's portfolio value fell 38% quarter-over-quarter to $864M.
Based on Bridger Management's 13F filing for Q1 2020, filed 15 May 2020.