David Goel Matrix Capital Management Company
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelixis
EXEL
|
+$105M |
| 2 |
DaVita
DVA
|
+$56.1M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$29.9M |
| 4 |
Constellation Brands
STZ
|
+$20.2M |
| 5 |
Pandora Media Inc
P
|
+$6.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DATA
Tableau Software, Inc.
DATA
|
+$303M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$38.2M |
| 3 |
Himax Technologies
HIMX
|
+$28.4M |
| 4 |
Netflix
NFLX
|
+$23.2M |
| 5 |
LGF
Lions Gate Entertainment
LGF
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 37.98% |
| 2 | Technology | 23.24% |
| 3 | Healthcare | 19.56% |
| 4 | Industrials | 7.53% |
| 5 | Consumer Staples | 5.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Netflix
NFLX
$260B
| $472M | 23.09% |
38,100,000
-1,954,000
| -5% | -$23.2M |
2013 Q2
14 quarters
|
|
2
Workday
WDAY
$45.5B
| $338M | 16.54% |
5,110,400
| – | – |
2013 Q2
14 quarters
|
|
|
3
DELISTED
Pandora Media Inc
P
| $304M | 14.88% |
23,310,216
+563,422
| +2% | +$6.99M |
2016 Q1
3 quarters
|
|
4
TransDigm Group
TDG
$67.7B
| $154M | 7.53% |
617,783
| – | – |
2013 Q2
14 quarters
|
|
5
Incyte
INCY
$24.5B
| $140M | 6.87% |
1,400,000
| – | – |
2016 Q2
2 quarters
|
|
|
NEWR
6
DELISTED
New Relic, Inc.
NEWR
| $137M | 6.71% |
4,848,100
| – | – |
2014 Q4
8 quarters
|
|
|
7
DaVita
DVA
$11.3B
| $125M | 6.1% |
1,940,000
+900,000
| +87% | +$56.1M |
2013 Q2
14 quarters
|
|
|
8
Constellation Brands
STZ
$24.6B
| $117M | 5.72% |
762,200
+127,200
| +20% | +$20.2M |
2013 Q4
12 quarters
|
|
|
9
Exelixis
EXEL
$17.2B
| $108M | 5.3% |
+7,262,000
| New | +$105M |
2016 Q4
0 quarters
|
|
10
American Tower
AMT
$88.3B
| $106M | 5.17% |
1,000,000
| – | – |
2013 Q2
14 quarters
|
|
|
SGEN
11
DELISTED
Seagen Inc. Common Stock
SGEN
| $26.3M | 1.29% |
+498,000
| New | +$29.9M |
2016 Q4
0 quarters
|
|
12
LKQ Corp
LKQ
$5.1B
| $16.3M | 0.8% |
531,250
| – | – |
2015 Q1
7 quarters
|
|
|
13
Himax Technologies
HIMX
$1.49B
| – | – |
-3,302,193
| Closed | -$28.4M | – |
|
14
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| – | – |
-100,000
| Closed | -$1.47M | – |
|
|
DATA
15
DELISTED
Tableau Software, Inc.
DATA
| – | – |
-5,475,000
| Closed | -$303M | – |
|
|
LGF
16
DELISTED
Lions Gate Entertainment
LGF
| – | – |
-786,400
| Closed | -$15.7M | – |
|
|
LNKD
17
DELISTED
LinkedIn Corporation
LNKD
| – | – |
-200,000
| Closed | -$38.2M | – |
|
Similar funds
David Goel's Q4 2016 Portfolio in Review
As of Q4 2016, David Goel held 17 positions worth $2.04B, down 14% from $2.38B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
David Goel withdrew a net $192M in Q4 2016, closing 5 positions and reducing 1 holding. Its most notable exit was Tableau Software, Inc., an estimated $303M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 38% of assets, up from 33% a quarter earlier, followed by Technology and Healthcare.
Against the trend, David Goel opened a new position in Exelixis worth $108M.
- David Goel's largest Q4 2016 buy was Exelixis: 7,262,000 shares worth $108M.
- David Goel added most to DaVita in Q4 2016, an estimated $56.1M increase.
- David Goel's biggest Q4 2016 reduction was Netflix, cutting an estimated $23.2M.
- David Goel fully exited Tableau Software, Inc. in Q4 2016, selling an estimated $303M.
- David Goel's ten largest holdings make up 98% of its $2.04B portfolio in Q4 2016.
- David Goel opened 2 new positions and closed 5 in Q4 2016.
- David Goel's portfolio value fell 14% quarter-over-quarter to $2.04B.
Based on Matrix Capital Management Company's 13F filing for Q4 2016, filed 14 Feb 2017.