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FC

Franchise Capital Portfolio holdings

AUM $230M
1-Year Est. Return 49.93%
This Fund
S&P 500
This Quarter Est. Return
-12.6%
1 Year Est. Return
+49.93%
3 Year Est. Return
+537.18%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$591M
AUM Growth
-$246M
Cap. Flow
-$111M
Cap. Flow %
-18.79%
Top 10 Hldgs %
84.5%
Holding
24
New
3
Increased
3
Reduced
9
Closed
6

Top Buys

Rank Stock Value
1
ZH
Zhihu
ZH
+$28.8M
2
AFRM icon
Affirm
AFRM
+$14.8M
3
SNOW icon
Snowflake
SNOW
+$11.9M
4
ENFN
Enfusion, Inc.
ENFN
+$11.9M
5
GOTU icon
Gaotu Techedu
GOTU
+$5.12M

Top Sells

Rank Stock Value
1
DASH icon
DoorDash
DASH
+$61.3M
2
TSM icon
TSMC
TSM
+$25M
3
MRNA icon
Moderna
MRNA
+$23.1M
4
AMD icon
Advanced Micro Devices
AMD
+$13.1M
5
NVDA icon
NVIDIA
NVDA
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 31.61%
2 Consumer Discretionary 29.48%
3 Communication Services 27.03%
4 Financials 7.29%
5 Consumer Staples 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDD icon
1
Pinduoduo
PDD
$121B
$92M 15.57%
1,577,604
– –
SE icon
2
Sea Limited
SE
$72.5B
$82.1M 13.9%
367,099
-32,795
-8% -$9.79M
BILI icon
3
Bilibili
BILI
$7.02B
$76.3M 12.91%
1,643,508
– –
SHOP icon
4
Shopify
SHOP
$199B
$61M 10.32%
442,720
-63,250
-13% -$9.24M
ZH
5
Zhihu
ZH
$260M
$39.7M 6.72%
1,194,551
+603,679
+102% +$28.8M
NVDA icon
6
NVIDIA
NVDA
$5.51T
$31.1M 5.26%
1,055,790
-388,960
-27% -$10.7M
AMD icon
7
Advanced Micro Devices
AMD
$778B
$30.6M 5.18%
212,664
-97,491
-31% -$13.1M
COIN icon
8
Coinbase
COIN
$50.3B
$30.6M 5.18%
121,255
-2,755
-2% -$801K
RBLX icon
9
Roblox
RBLX
$27.3B
$29.7M 5.02%
287,590
-27,066
-9% -$2.63M
TUYA
10
Tuya Inc
TUYA
$1.16B
$26.1M 4.42%
4,174,850
– –
RLX icon
11
RLX Technology
RLX
$2.2B
$17.7M 3%
4,536,416
-200,000
-4% -$922K
DQ
12
Daqo New Energy
DQ
$923M
$14M 2.38%
348,352
-109,662
-24% -$6.37M
BZ icon
13
Kanzhun
BZ
$8.04B
$14M 2.38%
402,481
+61,825
+18% +$2.17M
ENFN
14
DELISTED
Enfusion, Inc.
ENFN
$12.3M 2.09%
+588,873
New +$11.9M
SNOW icon
15
Snowflake
SNOW
$114B
$11.6M 1.96%
+34,214
New +$11.9M
AFRM icon
16
Affirm
AFRM
$26B
$11.3M 1.91%
+112,200
New +$14.8M
GOTU icon
17
Gaotu Techedu
GOTU
$428M
$9.39M 1.59%
4,838,529
+1,837,665
+61% +$5.12M
FUTU icon
18
Futu Holdings
FUTU
$17.5B
$1.2M 0.2%
27,683
-36,051
-57% -$2.06M
DASH icon
19
DoorDash
DASH
$100B
– –
-297,472
Closed -$61.3M
MRNA icon
20
Moderna
MRNA
$57B
– –
-59,973
Closed -$23.1M
TAL icon
21
TAL Education Group
TAL
$6.5B
– –
-1,877,595
Closed -$9.09M
TSM icon
22
TSMC
TSM
$2.22T
– –
-223,519
Closed -$25M
ZEPP
23
Zepp Health
ZEPP
$76.4M
– –
-67,294
Closed -$2.16M
XYZ
24
Block Inc
XYZ
$51B
– –
-39,638
Closed -$9.51M

Similar funds

FWM
Fortress Wealth Management Culver City, California $225M AUM 11.46% 1-Year Est. Return
SNWA
Siligmueller & Norvid Wealth Advisors Glen Ellyn, Illinois $222M AUM 10.94% 1-Year Est. Return
MTWM
Masso Torrence Wealth Management Marlton, New Jersey $240M AUM 26.41% 1-Year Est. Return
FFAM
Forge First Asset Management Toronto, Ontario, Canada $218M AUM 29.22% 1-Year Est. Return
ICM
IMS Capital Management Portland, Oregon $217M AUM 18.69% 1-Year Est. Return
DSN
D. Scott Neal Lexington, Kentucky $216M AUM 33.28% 1-Year Est. Return
MS
Marshall & Sullivan Seattle, Washington $216M AUM 12.97% 1-Year Est. Return
NWM
Napa Wealth Management Napa, California $213M AUM 25.01% 1-Year Est. Return

Franchise Capital's Q4 2021 Portfolio in Review

As of Q4 2021, Franchise Capital held 24 positions worth $591M, down 29% from $837M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Franchise Capital withdrew a net $111M in Q4 2021, closing 6 positions and reducing 9 holdings. Its most notable exit was DoorDash, an estimated $61.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 28% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Franchise Capital opened a new position in Affirm worth $11.3M.

  • Franchise Capital's largest Q4 2021 buy was Affirm: 112,200 shares worth $11.3M.
  • Franchise Capital added most to Zhihu in Q4 2021, an estimated $28.8M increase.
  • Franchise Capital's biggest Q4 2021 reduction was Advanced Micro Devices, cutting an estimated $13.1M.
  • Franchise Capital fully exited DoorDash in Q4 2021, selling an estimated $61.3M.
  • Franchise Capital's ten largest holdings make up 84% of its $591M portfolio in Q4 2021.
  • Franchise Capital opened 3 new positions and closed 6 in Q4 2021.
  • Franchise Capital's portfolio value fell 29% quarter-over-quarter to $591M.

Based on Franchise Capital's 13F filing for Q4 2021, filed 15 Feb 2022.