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FCM

Fernbridge Capital Management Portfolio holdings

AUM $1.56B
1-Year Est. Return 12.38%
This Fund
S&P 500
This Quarter Est. Return
+19.72%
1 Year Est. Return
-12.38%
3 Year Est. Return
+27.93%
5 Year Est. Return
+43.91%
10 Year Est. Return
–
AUM
$1.18B
AUM Growth
+$145M
Cap. Flow
-$44.1M
Cap. Flow %
-3.74%
Top 10 Hldgs %
75.54%
Holding
25
New
4
Increased
7
Reduced
10
Closed
4

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$69.1M
2
TMUS icon
T-Mobile US
TMUS
+$63.8M
3
LYV icon
Live Nation Entertainment
LYV
+$34.5M
4
SHW icon
Sherwin-Williams
SHW
+$26.4M
5
WMG icon
Warner Music
WMG
+$25.9M

Top Sells

Rank Stock Value
1
IT icon
Gartner
IT
+$54.6M
2
PTC icon
PTC
PTC
+$39M
3
CRM icon
Salesforce
CRM
+$36.5M
4
CHTR icon
Charter Communications
CHTR
+$34M
5
BILL icon
BILL Holdings
BILL
+$28.2M

Sector Composition

Rank Sector Weight
1 Technology 44.03%
2 Communication Services 31.19%
3 Consumer Discretionary 11.77%
4 Industrials 5.21%
5 Financials 5.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$134B
$162M 13.76%
617,218
-161,288
-21% -$36.5M
PTC icon
2
PTC
PTC
$13.7B
$136M 11.56%
780,010
-254,541
-25% -$39M
TMUS icon
3
T-Mobile US
TMUS
$193B
$132M 11.19%
823,766
+431,088
+110% +$63.8M
AMZN icon
4
Amazon
AMZN
$2.5T
$80.9M 6.85%
532,446
+138,917
+35% +$19.5M
VZ icon
5
Verizon
VZ
$194B
$73.6M 6.24%
+1,952,467
New +$69.1M
INTU icon
6
Intuit
INTU
$81.1B
$67.5M 5.72%
108,063
-35,048
-24% -$19.3M
MSFT icon
7
Microsoft
MSFT
$2.84T
$61.4M 5.21%
163,408
+30,960
+23% +$11M
MA icon
8
Mastercard
MA
$477B
$61.4M 5.2%
143,946
+865
+0.6% +$347K
BKNG icon
9
Booking.com
BKNG
$138B
$58.1M 4.92%
409,200
+51,475
+14% +$6.42M
LYV icon
10
Live Nation Entertainment
LYV
$41.2B
$57.7M 4.89%
616,365
+400,676
+186% +$34.5M
WDAY icon
11
Workday
WDAY
$33.4B
$44.3M 3.75%
160,380
-61,062
-28% -$14.5M
UBER icon
12
Uber
UBER
$134B
$32.5M 2.76%
528,648
-121,195
-19% -$6.34M
TTEK icon
13
Tetra Tech
TTEK
$8.23B
$31.9M 2.7%
956,075
+362,045
+61% +$11.6M
SHW icon
14
Sherwin-Williams
SHW
$78.3B
$30.6M 2.59%
+98,138
New +$26.4M
WMS icon
15
Advanced Drainage Systems
WMS
$10.9B
$29.6M 2.51%
210,527
-158,662
-43% -$19.1M
WMG icon
16
Warner Music
WMG
$13.8B
$28.1M 2.38%
+785,235
New +$25.9M
META icon
17
Meta Platforms (Facebook)
META
$1.51T
$26.9M 2.28%
76,101
-3,998
-5% -$1.3M
GOOGL icon
18
Alphabet (Google) Class A
GOOGL
$3.91T
$18.9M 1.6%
135,456
-183,630
-58% -$24.7M
SPOT icon
19
Spotify
SPOT
$99.2B
$18.3M 1.55%
+97,538
New +$17M
IT icon
20
Gartner
IT
$9.41B
$15M 1.27%
33,152
-136,666
-80% -$54.6M
CHTR icon
21
Charter Communications
CHTR
$14.7B
$12.4M 1.05%
32,025
-83,316
-72% -$34M
BILL icon
22
BILL Holdings
BILL
$4.33B
– –
-259,364
Closed -$28.2M
MIDD icon
23
Middleby
MIDD
$6.05B
– –
-198,839
Closed -$25.5M
MU icon
24
Micron Technology
MU
$1.04T
– –
-222,589
Closed -$15.1M
V icon
25
Visa
V
$677B
– –
-49,902
Closed -$11.5M

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Fernbridge Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Fernbridge Capital Management held 25 positions worth $1.18B, up 14% from $1.04B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Fernbridge Capital Management withdrew a net $44.1M in Q4 2023, closing 4 positions and reducing 10 holdings. Its most notable exit was BILL Holdings, an estimated $28.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 44% of assets, down from 58% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Fernbridge Capital Management opened a new position in Verizon worth $73.6M.

  • Fernbridge Capital Management's largest Q4 2023 buy was Verizon: 1,952,467 shares worth $73.6M.
  • Fernbridge Capital Management added most to T-Mobile US in Q4 2023, an estimated $63.8M increase.
  • Fernbridge Capital Management's biggest Q4 2023 reduction was Gartner, cutting an estimated $54.6M.
  • Fernbridge Capital Management fully exited BILL Holdings in Q4 2023, selling an estimated $28.2M.
  • Fernbridge Capital Management's ten largest holdings make up 76% of its $1.18B portfolio in Q4 2023.
  • Fernbridge Capital Management opened 4 new positions and closed 4 in Q4 2023.
  • Fernbridge Capital Management's portfolio value rose 14% quarter-over-quarter to $1.18B.

Based on Fernbridge Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.