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ECM
Empirical Capital Management Portfolio holdings
AUM
$366M
1-Year Est. Return
40.78%
This Fund
S&P 500
This Quarter
Est. Return
-23.44%
1 Year Est. Return
+40.78%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$74.1M
AUM Growth
-$36.8M
(-33%)
Cap. Flow
-$9.24M
Cap. Flow
% of AUM
-12.47%
Top 10 Holdings %
Top 10 Hldgs %
85.94%
Holding
24
New
6
Increased
1
Reduced
7
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$1.84M |
| 2 |
AAC
AAC Holdings
AAC
|
+$1.15M |
| 3 |
CALY
Callaway Golf Company
CALY
|
+$240K |
| 4 |
Astec Industries
ASTE
|
+$227K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roku
ROKU
|
+$4.59M |
| 2 |
Conduent
CNDT
|
+$4.53M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$3.67M |
| 4 |
Acadia Healthcare
ACHC
|
+$3.11M |
| 5 |
WBT
Welbilt, Inc.
WBT
|
+$2.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.83% |
| 2 | Industrials | 26.79% |
| 3 | Consumer Discretionary | 15.36% |
| 4 | Technology | 8.05% |
| 5 | Materials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWTR
1
DELISTED
Twitter, Inc.
TWTR
| $13.3M | 17.92% |
462,000
-117,000
| -20% | -$3.67M |
|
2
Marten Transport
MRTN
$1.22B
| $8.72M | 11.76% |
807,600
-8,100
| -1% | -$101K |
|
|
3
Roku
ROKU
$21.6B
| $7.97M | 10.75% |
260,065
-97,400
| -27% | -$4.59M |
|
|
CALY
4
Callaway Golf Company
CALY
$3.28B
| $5.98M | 8.07% |
391,000
+12,000
| +3% | +$240K |
|
5
JB Hunt Transport Services
JBHT
$25.9B
| $5.56M | 7.5% |
59,751
| – | – |
|
|
CHUY
6
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $5.4M | 7.29% |
304,594
-3,128
| -1% | -$70.5K |
|
7
Ecolab
ECL
$79.8B
| $5.04M | 6.8% |
34,193
| – | – |
|
|
DPLO
8
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $4.94M | 6.66% |
366,932
-112,086
| -23% | -$1.89M |
|
9
CoreCivic
CXW
$2.94B
| $3.92M | 5.29% |
220,000
| – | – |
|
10
Box
BOX
$4.49B
| $2.89M | 3.9% |
171,100
-80,500
| -32% | -$1.48M |
|
|
RST
11
DELISTED
ROSETTA STONE INC
RST
| $2.57M | 3.47% |
156,624
| – | – |
|
12
Darling Ingredients
DAR
$9.32B
| $2.4M | 3.25% |
125,000
| – | – |
|
|
ORBC
13
DELISTED
ORBCOMM, Inc.
ORBC
| $1.61M | 2.17% |
194,386
| – | – |
|
|
14
GE Aerospace
GE
$364B
| $1.48M | 1.99% |
+40,689
| New | +$1.84M |
|
15
Stratasys
SSYS
$666M
| $508K | 0.69% |
28,232
-12,000
| -30% | -$251K |
|
|
16
CALL
Roku
ROKU
$21.6B
| $434K | 0.59% |
+150,000
| New | +$7.07M |
|
|
AAC
17
DELISTED
AAC Holdings
AAC
| $402K | 0.54% |
+286,917
| New | +$1.15M |
|
|
18
Astec Industries
ASTE
$1.17B
| $181K | 0.24% |
+6,000
| New | +$227K |
|
|
19
CALL
Box
BOX
$4.49B
| $125K | 0.17% |
+100,000
| New | +$1.84M |
|
|
20
Acadia Healthcare
ACHC
$2.55B
| – | – |
-88,404
| Closed | -$3.11M |
|
21
Chemours
CC
$2.48B
| – | – |
-20,000
| Closed | -$217K |
|
|
22
Conduent
CNDT
$253M
| – | – |
-201,149
| Closed | -$4.53M |
|
|
WBT
23
DELISTED
Welbilt, Inc.
WBT
| – | – |
-115,117
| Closed | -$2.4M |
|
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Empirical Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Empirical Capital Management held 24 positions worth $74.1M, down 33% from $111M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Empirical Capital Management withdrew a net $9.24M in Q4 2018, closing 4 positions and reducing 7 holdings. Its most notable exit was Conduent, an estimated $4.53M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, down from 32% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Empirical Capital Management opened a new position in GE Aerospace worth $1.48M.
- Empirical Capital Management's largest Q4 2018 buy was GE Aerospace: 40,689 shares worth $1.48M.
- Empirical Capital Management added most to Callaway Golf Company in Q4 2018, an estimated $240K increase.
- Empirical Capital Management's biggest Q4 2018 reduction was Roku, cutting an estimated $4.59M.
- Empirical Capital Management fully exited Conduent in Q4 2018, selling an estimated $4.53M.
- Empirical Capital Management's ten largest holdings make up 86% of its $74.1M portfolio in Q4 2018.
- Empirical Capital Management opened 6 new positions and closed 4 in Q4 2018.
- Empirical Capital Management's portfolio value fell 33% quarter-over-quarter to $74.1M.
Based on Empirical Capital Management's 13F filing for Q4 2018, filed 30 Jan 2019.