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Cipher Capital Portfolio holdings
AUM
$216M
1-Year Est. Return
23.63%
This Fund
S&P 500
This Quarter
Est. Return
+2.24%
1 Year Est. Return
+23.63%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$484M
AUM Growth
-$342M
(-41%)
Cap. Flow
-$351M
Cap. Flow
% of AUM
-72.46%
Top 10 Holdings %
Top 10 Hldgs %
10.17%
Holding
748
New
209
Increased
66
Reduced
176
Closed
297
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lennar Class A
LEN
|
+$5.33M |
| 2 |
American Express
AXP
|
+$4.97M |
| 3 |
Progressive
PGR
|
+$4.69M |
| 4 |
Trane Technologies
TT
|
+$4.57M |
| 5 |
STI
SunTrust Banks, Inc.
STI
|
+$4.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Brands
STZ
|
+$8.92M |
| 2 |
Occidental Petroleum
OXY
|
+$8.42M |
| 3 |
Conagra Brands
CAG
|
+$8.03M |
| 4 |
WBA
Walgreens Boots Alliance
WBA
|
+$7.25M |
| 5 |
Medtronic
MDT
|
+$7.24M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.87% |
| 2 | Industrials | 13.85% |
| 3 | Consumer Discretionary | 13.75% |
| 4 | Technology | 11.52% |
| 5 | Real Estate | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
576
Medtronic
MDT
$112B
| – | – |
-90,214
| Closed | -$7.24M |
|
577
Maximus
MMS
$3.32B
| – | – |
-21,063
| Closed | -$1.41M |
|
578
The Mosaic Company
MOS
$7.19B
| – | – |
-32,628
| Closed | -$792K |
|
|
MPT
579
Medical Properties Trust
MPT
$2.84B
| – | – |
-22,333
| Closed | -$290K |
|
580
Marvell Technology
MRVL
$147B
| – | – |
-94,122
| Closed | -$1.98M |
|
581
MSCI
MSCI
$42.4B
| – | – |
-3,209
| Closed | -$480K |
|
582
Microsoft
MSFT
$2.9T
| – | – |
-12,989
| Closed | -$1.19M |
|
583
MSC Industrial Direct
MSM
$6.76B
| – | – |
-3,704
| Closed | -$340K |
|
584
MGIC Investment
MTG
$6.47B
| – | – |
-36,398
| Closed | -$473K |
|
585
Mueller Water Products
MWA
$3.94B
| – | – |
-46,269
| Closed | -$503K |
|
586
Norwegian Cruise Line
NCLH
$9.53B
| – | – |
-25,421
| Closed | -$1.35M |
|
587
NiSource
NI
$21.5B
| – | – |
-20,822
| Closed | -$498K |
|
588
Nike
NKE
$64.1B
| – | – |
-28,118
| Closed | -$1.87M |
|
589
NMI Holdings
NMIH
$3.37B
| – | – |
-24,251
| Closed | -$401K |
|
590
Norfolk Southern
NSC
$75.4B
| – | – |
-17,072
| Closed | -$2.32M |
|
591
NETSCOUT
NTCT
$2.83B
| – | – |
-23,347
| Closed | -$615K |
|
592
NETGEAR
NTGR
$612M
| – | – |
-20,499
| Closed | -$1.17M |
|
593
Northern Trust
NTRS
$21.8B
| – | – |
-20,209
| Closed | -$2.08M |
|
594
Nucor
NUE
$58.3B
| – | – |
-37,774
| Closed | -$2.31M |
|
595
Northwest Bancshares
NWBI
$2.33B
| – | – |
-25,638
| Closed | -$425K |
|
596
Nexstar Media Group
NXST
$6.01B
| – | – |
-20,771
| Closed | -$1.38M |
|
597
New York Times
NYT
$12.6B
| – | – |
-31,032
| Closed | -$748K |
|
598
Old Dominion Freight Line
ODFL
$46.3B
| – | – |
-36,351
| Closed | -$1.78M |
|
599
Oil States International
OIS
$466M
| – | – |
-22,890
| Closed | -$600K |
|
600
Olin
OLN
$2.53B
| – | – |
-27,043
| Closed | -$822K |
|
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Cipher Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Cipher Capital held 748 positions worth $484M, down 41% from $826M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Cipher Capital withdrew a net $351M in Q2 2018, closing 297 positions and reducing 176 holdings. Its most notable exit was Constellation Brands, an estimated $8.92M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 15% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Cipher Capital opened a new position in Lennar Class A worth $5.17M.
- Cipher Capital's largest Q2 2018 buy was Lennar Class A: 101,713 shares worth $5.17M.
- Cipher Capital added most to Northrop Grumman in Q2 2018, an estimated $4.43M increase.
- Cipher Capital's biggest Q2 2018 reduction was Occidental Petroleum, cutting an estimated $8.42M.
- Cipher Capital fully exited Constellation Brands in Q2 2018, selling an estimated $8.92M.
- Cipher Capital's ten largest holdings make up 10% of its $484M portfolio in Q2 2018.
- Cipher Capital opened 209 new positions and closed 297 in Q2 2018.
- Cipher Capital's portfolio value fell 41% quarter-over-quarter to $484M.
Based on Cipher Capital's 13F filing for Q2 2018, filed 14 Aug 2018.