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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
+42.18%
1 Year Est. Return
+40.78%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$120M
AUM Growth
+$16.9M
(+16%)
Cap. Flow
-$15.1M
Cap. Flow
% of AUM
-12.62%
Top 10 Holdings %
Top 10 Hldgs %
82.05%
Holding
22
New
4
Increased
5
Reduced
8
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Molson Coors Class B
TAP
|
+$7.57M |
| 2 |
Walmart Inc
WMT
|
+$6.26M |
| 3 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$2.53M |
| 4 |
JWN
Nordstrom
JWN
|
+$2.37M |
| 5 |
Southwest Airlines
LUV
|
+$1.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Roku
ROKU
|
+$12.8M |
| 2 |
Pinterest
PINS
|
+$12M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$5.93M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$2.43M |
| 5 |
Wendy's
WEN
|
+$1.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 32.09% |
| 2 | Communication Services | 23.93% |
| 3 | Consumer Staples | 19.53% |
| 4 | Industrials | 10.59% |
| 5 | Technology | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Pinterest
PINS
$13.7B
| $19.8M | 16.48% |
300,050
-200,200
| -40% | -$12M |
|
|
2
Walmart Inc
WMT
$909B
| $15.1M | 12.62% |
315,000
+129,000
| +69% | +$6.26M |
|
3
Amazon
AMZN
$2.44T
| $14.3M | 11.94% |
88,000
-7,000
| -7% | -$1.12M |
|
|
JWN
4
DELISTED
Nordstrom
JWN
| $10.7M | 8.95% |
344,114
+113,500
| +49% | +$2.37M |
|
5
Marten Transport
MRTN
$1.22B
| $10.1M | 8.42% |
586,500
| – | – |
|
|
6
Molson Coors Class B
TAP
$8.02B
| $8.29M | 6.91% |
+183,545
| New | +$7.57M |
|
|
CHNG
7
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $7.3M | 6.08% |
391,296
+153,900
| +65% | +$2.53M |
|
|
TWTR
8
DELISTED
Twitter, Inc.
TWTR
| $5.36M | 4.47% |
99,000
-51,000
| -34% | -$2.43M |
|
9
PENN Entertainment
PENN
$2.84B
| $4.31M | 3.59% |
49,900
| – | – |
|
|
10
Roku
ROKU
$21.6B
| $3.09M | 2.57% |
9,300
-48,865
| -84% | -$12.8M |
|
|
CALY
11
Callaway Golf Company
CALY
$3.28B
| $2.96M | 2.47% |
123,401
-34,200
| -22% | -$698K |
|
12
Ryman Hospitality Properties
RHP
$8.56B
| $2.71M | 2.26% |
40,000
| – | – |
|
13
Palantir
PLTR
$295B
| $2.59M | 2.16% |
110,002
+85,002
| +340% | +$1.52M |
|
14
Hancock Whitney
HWC
$6.19B
| $2.53M | 2.11% |
74,500
+4,103
| +6% | +$111K |
|
15
TJX Companies
TJX
$179B
| $2.32M | 1.94% |
34,000
| – | – |
|
|
16
Wendy's
WEN
$1.46B
| $2.19M | 1.83% |
100,000
-85,000
| -46% | -$1.94M |
|
|
17
Southwest Airlines
LUV
$21.7B
| $2.1M | 1.75% |
+45,000
| New | +$1.95M |
|
|
CHUY
18
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $1.64M | 1.37% |
62,046
-57,295
| -48% | -$1.36M |
|
19
Comscore
SCOR
$113M
| $1.49M | 1.25% |
30,000
-2,750
| -8% | -$122K |
|
20
CoreCivic
CXW
$2.94B
| $505K | 0.42% |
+77,140
| New | +$555K |
|
|
WWE
21
DELISTED
World Wrestling Entertainment
WWE
| $481K | 0.4% |
+10,000
| New | +$420K |
|
|
ATVI
22
DELISTED
Activision Blizzard
ATVI
| – | – |
-73,237
| Closed | -$5.93M |
|
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Empirical Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Empirical Capital Management held 22 positions worth $120M, up 16% from $103M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Empirical Capital Management withdrew a net $15.1M in Q4 2020, closing 1 position and reducing 8 holdings. Its most notable exit was Activision Blizzard, an estimated $5.93M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 32% of assets, up from 32% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, Empirical Capital Management opened a new position in Molson Coors Class B worth $8.29M.
- Empirical Capital Management's largest Q4 2020 buy was Molson Coors Class B: 183,545 shares worth $8.29M.
- Empirical Capital Management added most to Walmart Inc in Q4 2020, an estimated $6.26M increase.
- Empirical Capital Management's biggest Q4 2020 reduction was Roku, cutting an estimated $12.8M.
- Empirical Capital Management fully exited Activision Blizzard in Q4 2020, selling an estimated $5.93M.
- Empirical Capital Management's ten largest holdings make up 82% of its $120M portfolio in Q4 2020.
- Empirical Capital Management opened 4 new positions and closed 1 in Q4 2020.
- Empirical Capital Management's portfolio value rose 16% quarter-over-quarter to $120M.
Based on Empirical Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.