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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
+45.98%
1 Year Est. Return
-14.11%
3 Year Est. Return
+38.05%
5 Year Est. Return
+34.26%
10 Year Est. Return
–
AUM
$1.45B
AUM Growth
+$177M
(+14%)
Cap. Flow
-$290M
Cap. Flow
% of AUM
-20.05%
Top 10 Holdings %
Top 10 Hldgs %
93.21%
Holding
19
New
2
Increased
2
Reduced
4
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equitable Holdings
EQH
|
+$55.4M |
| 2 |
Boot Barn
BOOT
|
+$18.1M |
| 3 |
Angi Inc
ANGI
|
+$13.8M |
| 4 |
EVI Industries
EVI
|
+$965K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$320M |
| 2 |
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$21.5M |
| 3 |
BMCH
BMC Stock Holdings, Inc
BMCH
|
+$18M |
| 4 |
CarMax
KMX
|
+$14.7M |
| 5 |
Primerica
PRI
|
+$2.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 41.2% |
| 2 | Communication Services | 28.67% |
| 3 | Industrials | 14.71% |
| 4 | Technology | 8.89% |
| 5 | Financials | 6.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Stellantis
STLA
$16.8B
| $287M | 19.81% |
28,000,000
| – | – |
|
2
Builders FirstSource
BLDR
$7.99B
| $207M | 14.3% |
10,000,000
| – | – |
|
|
NBIS
3
Nebius Group N.V.
NBIS
$45.1B
| $200M | 13.83% |
4,000,000
| – | – |
|
4
JD.com
JD
$40B
| $181M | 12.48% |
3,000,000
| – | – |
|
|
BMCH
5
DELISTED
BMC Stock Holdings, Inc
BMCH
| $103M | 7.14% |
4,107,486
-811,714
| -17% | -$18M |
|
|
6
Equitable Holdings
EQH
$13.4B
| $94.5M | 6.53% |
4,899,270
+3,099,270
| +172% | +$55.4M |
|
|
7
Alphabet (Google) Class A
GOOGL
$4.23T
| $89.3M | 6.17% |
1,260,000
-4,740,000
| -79% | -$320M |
|
|
SAIL
8
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $78.4M | 5.41% |
2,960,000
-1,040,000
| -26% | -$21.5M |
|
9
Sinclair Inc
SBGI
$997M
| $76.7M | 5.3% |
4,154,967
| – | – |
|
10
International Money Express
IMXI
$404M
| $32.3M | 2.23% |
2,594,241
| – | – |
|
|
GTT
11
DELISTED
GTT Communications, Inc.
GTT
| $30.3M | 2.09% |
3,709,971
| – | – |
|
|
12
Boot Barn
BOOT
$4.62B
| $19.9M | 1.38% |
+923,500
| New | +$18.1M |
|
|
13
Angi Inc
ANGI
$248M
| $18.4M | 1.27% |
+151,750
| New | +$13.8M |
|
|
GTYH
14
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
| $18M | 1.24% |
4,324,130
| – | – |
|
|
15
EVI Industries
EVI
$213M
| $5.85M | 0.4% |
269,306
+48,996
| +22% | +$965K |
|
|
ASAP
16
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $3.89M | 0.27% |
74,000
-51,709
| -41% | -$1.98M |
|
|
CRESY
17
Cresud
CRESY
$762M
| $1.96M | 0.14% |
687,468
| – | – |
|
|
18
CarMax
KMX
$8.14B
| – | – |
-272,447
| Closed | -$14.7M |
|
|
19
Primerica
PRI
$9.68B
| – | – |
-30,328
| Closed | -$2.68M |
|
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Conifer Management's Q2 2020 Portfolio in Review
As of Q2 2020, Conifer Management held 19 positions worth $1.45B, up 14% from $1.27B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Conifer Management withdrew a net $290M in Q2 2020, closing 2 positions and reducing 4 holdings. Its most notable exit was CarMax, an estimated $14.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 41% of assets, up from 34% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Conifer Management opened a new position in Boot Barn worth $19.9M.
- Conifer Management's largest Q2 2020 buy was Boot Barn: 923,500 shares worth $19.9M.
- Conifer Management added most to Equitable Holdings in Q2 2020, an estimated $55.4M increase.
- Conifer Management's biggest Q2 2020 reduction was Alphabet (Google) Class A, cutting an estimated $320M.
- Conifer Management fully exited CarMax in Q2 2020, selling an estimated $14.7M.
- Conifer Management's ten largest holdings make up 93% of its $1.45B portfolio in Q2 2020.
- Conifer Management opened 2 new positions and closed 2 in Q2 2020.
- Conifer Management's portfolio value rose 14% quarter-over-quarter to $1.45B.
Based on Conifer Management's 13F filing for Q2 2020, filed 14 Aug 2020.