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Conifer Management Portfolio holdings
AUM
$524M
1-Year Est. Return
14.11%
This Fund
S&P 500
This Quarter
Est. Return
-27.07%
1 Year Est. Return
-14.11%
3 Year Est. Return
+38.05%
5 Year Est. Return
+34.26%
10 Year Est. Return
–
AUM
$1.27B
AUM Growth
-$819M
(-39%)
Cap. Flow
-$217M
Cap. Flow
% of AUM
-17.08%
Top 10 Holdings %
Top 10 Hldgs %
94.53%
Holding
18
New
3
Increased
4
Reduced
3
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$71.8M |
| 2 |
BMCH
BMC Stock Holdings, Inc
BMCH
|
+$45.2M |
| 3 |
Sinclair Inc
SBGI
|
+$43M |
| 4 |
CarMax
KMX
|
+$23.1M |
| 5 |
International Money Express
IMXI
|
+$14.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$339M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$81.3M |
| 3 |
GTT
GTT Communications, Inc.
GTT
|
+$1.62M |
| 4 |
ASAP
Waitr Holdings Inc. Common Stock
ASAP
|
+$274K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 45.76% |
| 2 | Consumer Discretionary | 33.72% |
| 3 | Industrials | 10.06% |
| 4 | Technology | 8.2% |
| 5 | Financials | 2.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class A
GOOGL
$4.33T
| $349M | 27.45% |
6,000,000
-1,200,000
| -17% | -$81.3M |
|
2
Stellantis
STLA
$16.8B
| $201M | 15.85% |
28,000,000
| – | – |
|
|
NBIS
3
Nebius Group N.V.
NBIS
$46.7B
| $136M | 10.73% |
4,000,000
| – | – |
|
|
4
Builders FirstSource
BLDR
$7.95B
| $122M | 9.63% |
10,000,000
+3,180,360
| +47% | +$71.8M |
|
5
JD.com
JD
$41.5B
| $122M | 9.57% |
3,000,000
| – | – |
|
|
BMCH
6
DELISTED
BMC Stock Holdings, Inc
BMCH
| $87.2M | 6.87% |
4,919,200
+1,732,731
| +54% | +$45.2M |
|
|
7
Sinclair Inc
SBGI
$1.01B
| $66.8M | 5.26% |
4,154,967
+1,654,967
| +66% | +$43M |
|
|
SAIL
8
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $60.9M | 4.79% |
4,000,000
| – | – |
|
|
GTT
9
DELISTED
GTT Communications, Inc.
GTT
| $29.5M | 2.32% |
3,709,971
-133,716
| -3% | -$1.62M |
|
10
Equitable Holdings
EQH
$13.3B
| $26M | 2.05% |
1,800,000
| – | – |
|
|
11
International Money Express
IMXI
$398M
| $23.7M | 1.87% |
2,594,241
+1,353,007
| +109% | +$14.2M |
|
|
GTYH
12
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
| $19.5M | 1.54% |
4,324,130
| – | – |
|
|
13
CarMax
KMX
$7.98B
| $14.7M | 1.16% |
+272,447
| New | +$23.1M |
|
14
EVI Industries
EVI
$211M
| $3.48M | 0.27% |
+220,310
| New | +$4.95M |
|
|
ASAP
15
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $3.09M | 0.24% |
125,709
-24,291
| -16% | -$274K |
|
16
Primerica
PRI
$9.67B
| $2.68M | 0.21% |
+30,328
| New | +$3.47M |
|
|
CRESY
17
Cresud
CRESY
$755M
| $2.3M | 0.18% |
687,468
| – | – |
|
|
18
Alibaba
BABA
$291B
| – | – |
-1,600,000
| Closed | -$339M |
|
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Conifer Management's Q1 2020 Portfolio in Review
As of Q1 2020, Conifer Management held 18 positions worth $1.27B, down 39% from $2.09B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Conifer Management withdrew a net $217M in Q1 2020, closing 1 position and reducing 3 holdings. Its most notable exit was Alibaba, an estimated $339M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Conifer Management opened a new position in CarMax worth $14.7M.
- Conifer Management's largest Q1 2020 buy was CarMax: 272,447 shares worth $14.7M.
- Conifer Management added most to Builders FirstSource in Q1 2020, an estimated $71.8M increase.
- Conifer Management's biggest Q1 2020 reduction was Alphabet (Google) Class A, cutting an estimated $81.3M.
- Conifer Management fully exited Alibaba in Q1 2020, selling an estimated $339M.
- Conifer Management's ten largest holdings make up 95% of its $1.27B portfolio in Q1 2020.
- Conifer Management opened 3 new positions and closed 1 in Q1 2020.
- Conifer Management's portfolio value fell 39% quarter-over-quarter to $1.27B.
Based on Conifer Management's 13F filing for Q1 2020, filed 15 May 2020.