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CCM
Cloverdale Capital Management Portfolio holdings
AUM
$135M
1-Year Est. Return
13.89%
This Fund
S&P 500
This Quarter
Est. Return
+6.88%
1 Year Est. Return
-13.89%
3 Year Est. Return
+20.77%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$96.6M
AUM Growth
-$68.9M
(-42%)
Cap. Flow
-$35.6M
Cap. Flow
% of AUM
-36.88%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
23
New
4
Increased
5
Reduced
1
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$11.2M |
| 2 |
TECD
Tech Data Corp
TECD
|
+$11.2M |
| 3 |
Perdoceo Education
PRDO
|
+$7.49M |
| 4 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$4.35M |
| 5 |
LiveRamp
RAMP
|
+$3.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Reliance Steel & Aluminium
RS
|
+$12.6M |
| 2 |
Labcorp
LH
|
+$12.5M |
| 3 |
Bio-Rad Laboratories Class A
BIO
|
+$11.9M |
| 4 |
MSGN
MSG Networks Inc.
MSGN
|
+$10.5M |
| 5 |
Take-Two Interactive
TTWO
|
+$8.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 48.14% |
| 2 | Communication Services | 17.19% |
| 3 | Industrials | 12.68% |
| 4 | Miscellaneous | 9.4% |
| 5 | Consumer Staples | 7.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
LiveRamp
RAMP
$2.3B
| $15.8M | 16.33% |
607,183
+120,250
| +25% | +$3.27M |
|
|
NUAN
2
DELISTED
Nuance Communications, Inc.
NUAN
| $15.8M | 16.33% |
1,046,482
+277,200
| +36% | +$4.35M |
|
3
Barrett Business Services
BBSI
$822M
| $12.2M | 12.68% |
854,936
-184,204
| -18% | -$2.63M |
|
|
TECD
4
DELISTED
Tech Data Corp
TECD
| $11.8M | 12.17% |
+116,400
| New | +$11.2M |
|
|
HMHC
5
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $11.3M | 11.71% |
+919,600
| New | +$11.2M |
|
6
PUT
NVIDIA
NVDA
$5.56T
| $9.08M | 9.4% |
2,512,000
+540,000
| +27% | +$1.72M |
|
|
7
Perdoceo Education
PRDO
$2.08B
| $7.38M | 7.64% |
+768,459
| New | +$7.49M |
|
|
SINA
8
DELISTED
Sina Corp
SINA
| $5.29M | 5.48% |
62,291
+16,526
| +36% | +$1.39M |
|
|
SIEN
9
DELISTED
Sientra, Inc.
SIEN
| $4.79M | 4.95% |
49,224
+11,050
| +29% | +$903K |
|
|
WEB
10
DELISTED
Web.com Group, Inc.
WEB
| $3.19M | 3.31% |
+126,234
| New | +$2.67M |
|
|
11
Bio-Rad Laboratories Class A
BIO
$10.3B
| – | – |
-59,788
| Closed | -$11.9M |
|
12
eHealth
EHTH
$31.7M
| – | – |
-297,735
| Closed | -$3.58M |
|
|
13
Labcorp
LH
$26.5B
| – | – |
-101,183
| Closed | -$12.5M |
|
14
Penske Automotive Group
PAG
$14.4B
| – | – |
-156,167
| Closed | -$7.31M |
|
15
PUT
PetMed Express
PETS
$39.2M
| – | – |
-75,000
| Closed | -$1.51M |
|
16
PUT
Invesco QQQ Trust
QQQ
$489B
| – | – |
-32,500
| Closed | -$4.3M |
|
|
17
Reliance Steel & Aluminium
RS
$20.4B
| – | – |
-157,930
| Closed | -$12.6M |
|
18
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| – | – |
-100,000
| Closed | -$23.6M |
|
|
19
CALL
Take-Two Interactive
TTWO
$40.1B
| – | – |
-136,500
| Closed | -$8.09M |
|
|
20
Take-Two Interactive
TTWO
$40.1B
| – | – |
-148,638
| Closed | -$8.81M |
|
21
World Acceptance Corp
WRLD
$889M
| – | – |
-159,551
| Closed | -$8.26M |
|
|
SGI
22
CALL
Somnigroup International
SGI
$14.7B
| – | – |
-87,200
| Closed | -$1.01M |
|
|
MSGN
23
DELISTED
MSG Networks Inc.
MSGN
| – | – |
-450,156
| Closed | -$10.5M |
|
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Cloverdale Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Cloverdale Capital Management held 23 positions worth $96.6M, down 42% from $165M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Cloverdale Capital Management withdrew a net $35.6M in Q2 2017, closing 13 positions and reducing 1 holding. Its most notable exit was Reliance Steel & Aluminium, an estimated $12.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 48% of assets, up from 15% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Cloverdale Capital Management opened a new position in Houghton Mifflin Harcourt Company worth $11.3M.
- Cloverdale Capital Management's largest Q2 2017 buy was Houghton Mifflin Harcourt Company: 919,600 shares worth $11.3M.
- Cloverdale Capital Management added most to Nuance Communications, Inc. in Q2 2017, an estimated $4.35M increase.
- Cloverdale Capital Management's biggest Q2 2017 reduction was Barrett Business Services, cutting an estimated $2.63M.
- Cloverdale Capital Management fully exited Reliance Steel & Aluminium in Q2 2017, selling an estimated $12.6M.
- Cloverdale Capital Management's ten largest holdings make up 100% of its $96.6M portfolio in Q2 2017.
- Cloverdale Capital Management opened 4 new positions and closed 13 in Q2 2017.
- Cloverdale Capital Management's portfolio value fell 42% quarter-over-quarter to $96.6M.
Based on Cloverdale Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.