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DG

David Goel Matrix Capital Management Company

AUM $46.3M
1-Year Est. Return 114.38%
 

David Goel is a co-founder of Matrix Capital Management, a technology-oriented investment firm with public and private market activities. Matrix is known for concentrated positions in software, semiconductor, and internet-related businesses. Goel’s filings are monitored for high-conviction technology themes.

This Fund
S&P 500
This Quarter Est. Return
-9.39%
1 Year Est. Return
+114.38%
3 Year Est. Return
+245.06%
5 Year Est. Return
+259.19%
10 Year Est. Return
+1,887.32%
AUM
$4.05B
AUM Growth
-$1.36B
Cap. Flow
-$708M
Cap. Flow %
-17.46%
Top 10 Hldgs %
81.86%
Holding
28
New
4
Increased
4
Reduced
5
Closed
4

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$641M
2
MU icon
Micron Technology
MU
+$46M
3
PTC icon
PTC
PTC
+$42.6M
4
XLNX
Xilinx Inc
XLNX
+$32.8M
5
ALTR
Altair Engineering Inc
ALTR
+$26.3M

Top Sells

Rank Stock Value
1
DATA
Tableau Software, Inc.
DATA
+$635M
2
INCY icon
Incyte
INCY
+$168M
3
WDAY icon
Workday
WDAY
+$154M
4
XYZ
Block Inc
XYZ
+$136M
5
SGEN
Seagen Inc. Common Stock
SGEN
+$113M

Sector Composition

Rank Sector Weight
1 Technology 42.12%
2 Healthcare 21.76%
3 Communication Services 19.61%
4 Consumer Discretionary 8.57%
5 Industrials 7.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STZ icon
26
Constellation Brands
STZ
$23.2B
– –
-565,500
Closed -$111M
DATA
27
DELISTED
Tableau Software, Inc.
DATA
– –
-3,825,000
Closed -$635M
ATVI
28
DELISTED
Activision Blizzard
ATVI
– –
-1,200,000
Closed -$56.6M
1
2

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David Goel's Q3 2019 Portfolio in Review

As of Q3 2019, David Goel held 28 positions worth $4.05B, down 25% from $5.41B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

David Goel withdrew a net $708M in Q3 2019, closing 4 positions and reducing 5 holdings. Its most notable exit was Tableau Software, Inc., an estimated $635M position sold in full.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 36% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, David Goel opened a new position in PTC worth $39.7M.

  • David Goel's largest Q3 2019 buy was PTC: 582,600 shares worth $39.7M.
  • David Goel added most to Salesforce in Q3 2019, an estimated $641M increase.
  • David Goel's biggest Q3 2019 reduction was Incyte, cutting an estimated $168M.
  • David Goel fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $635M.
  • David Goel's ten largest holdings make up 82% of its $4.05B portfolio in Q3 2019.
  • David Goel opened 4 new positions and closed 4 in Q3 2019.
  • David Goel's portfolio value fell 25% quarter-over-quarter to $4.05B.

Based on Matrix Capital Management Company's 13F filing for Q3 2019, filed 14 Nov 2019.