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CC
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 | |
|---|---|---|---|---|---|---|
626
Rayonier Advanced Materials
RYAM
$562M
| – | – |
-50,908
| Closed | -$1.09M |
|
627
Sabre
SABR
$716M
| – | – |
-40,761
| Closed | -$875K |
|
628
Service Corp International
SCI
$11.8B
| – | – |
-52,488
| Closed | -$1.98M |
|
|
SEE
629
DELISTED
Sealed Air
SEE
| – | – |
-4,774
| Closed | -$204K |
|
|
SF
630
Stifel
SF
$12.4B
| – | – |
-11,966
| Closed | -$315K |
|
|
SKX
631
DELISTED
Skechers
SKX
| – | – |
-7,152
| Closed | -$278K |
|
632
SL Green Realty
SLG
$3.83B
| – | – |
-3,284
| Closed | -$308K |
|
633
SLM Corp
SLM
$4.83B
| – | – |
-116,165
| Closed | -$1.3M |
|
634
Semtech
SMTC
$9.65B
| – | – |
-29,547
| Closed | -$1.15M |
|
|
SPR
635
DELISTED
Spirit AeroSystems
SPR
| – | – |
-24,121
| Closed | -$2.02M |
|
636
Sempra
SRE
$58.1B
| – | – |
-34,946
| Closed | -$1.94M |
|
637
Steris
STE
$22.9B
| – | – |
-3,159
| Closed | -$295K |
|
|
638
Constellation Brands
STZ
$22.5B
| – | – |
-39,140
| Closed | -$8.92M |
|
639
Suncor Energy
SU
$77.7B
| – | – |
-26,338
| Closed | -$910K |
|
|
SVC
640
Service Properties Trust
SVC
$1.05B
| – | – |
-9,000
| Closed | -$1.14M |
|
641
Toronto Dominion Bank
TD
$193B
| – | – |
-34,560
| Closed | -$1.97M |
|
642
Teck Resources
TECK
$28.2B
| – | – |
-24,457
| Closed | -$630K |
|
643
TE Connectivity
TEL
$60B
| – | – |
-12,114
| Closed | -$1.21M |
|
644
Travel + Leisure Co
TNL
$4.76B
| – | – |
-10,154
| Closed | -$525K |
|
|
TPH
645
DELISTED
Tri Pointe Homes
TPH
| – | – |
-36,895
| Closed | -$606K |
|
646
Targa Resources
TRGP
$56.8B
| – | – |
-30,518
| Closed | -$1.34M |
|
647
Thomson Reuters
TRI
$46.4B
| – | – |
-8,354
| Closed | -$375K |
|
648
Trinity Industries
TRN
$2.92B
| – | – |
-32,057
| Closed | -$753K |
|
649
Tronox
TROX
$967M
| – | – |
-66,785
| Closed | -$1.23M |
|
|
TRUE
650
DELISTED
TrueCar
TRUE
| – | – |
-43,472
| Closed | -$412K |
|
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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.