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FCM
Freshford Capital Management Portfolio holdings
AUM
$200M
1-Year Est. Return
31.49%
This Fund
S&P 500
This Quarter
Est. Return
-34.09%
1 Year Est. Return
+31.49%
3 Year Est. Return
+62.2%
5 Year Est. Return
+65.93%
10 Year Est. Return
+433.88%
AUM
$397M
AUM Growth
-$169M
(-30%)
Cap. Flow
+$48M
Cap. Flow
% of AUM
12.08%
Top 10 Holdings %
Top 10 Hldgs %
85.47%
Holding
20
New
3
Increased
10
Reduced
2
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Constellation Brands
STZ
|
+$58.1M |
| 2 |
CVET
Covetrus, Inc. Common Stock
CVET
|
+$30.6M |
| 3 |
Resideo Technologies
REZI
|
+$28.1M |
| 4 |
Liberty Media Series C
FWONK
|
+$24.2M |
| 5 |
PPLI
People Inc
PPLI
|
+$21.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Products & Chemicals
APD
|
+$51.9M |
| 2 |
Post Holdings
POST
|
+$47.5M |
| 3 |
PRSP
Perspecta Inc. Common Stock
PRSP
|
+$21.2M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$19.7M |
| 5 |
Zimmer Biomet
ZBH
|
+$10M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.03% |
| 2 | Healthcare | 20.12% |
| 3 | Consumer Staples | 11.87% |
| 4 | Industrials | 10.28% |
| 5 | Energy | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CVET
1
DELISTED
Covetrus, Inc. Common Stock
CVET
| $61.5M | 15.48% |
7,558,046
+2,678,646
| +55% | +$30.6M |
|
|
2
Constellation Brands
STZ
$22.2B
| $47.2M | 11.87% |
+329,012
| New | +$58.1M |
|
|
3
Resideo Technologies
REZI
$5.19B
| $40.8M | 10.28% |
8,438,516
+2,979,944
| +55% | +$28.1M |
|
4
Cheniere Energy
LNG
$55.2B
| $35.9M | 9.04% |
1,071,877
+253,964
| +31% | +$13M |
|
5
Liberty Broadband Class A
LBRDA
$4.89B
| $34.6M | 8.72% |
323,719
+85,745
| +36% | +$10.5M |
|
|
CERN
6
DELISTED
Cerner Corp
CERN
| $31.7M | 7.98% |
503,596
+38,201
| +8% | +$2.72M |
|
|
7
Liberty Media Series C
FWONK
$24.6B
| $27.7M | 6.97% |
1,051,422
+629,364
| +149% | +$24.2M |
|
8
Comcast
CMCSA
$85B
| $24.3M | 6.12% |
706,982
+30,188
| +4% | +$1.27M |
|
|
9
Zimmer Biomet
ZBH
$18.2B
| $18.4M | 4.64% |
187,861
-76,344
| -29% | -$10M |
|
|
PPLI
10
People Inc
PPLI
$3.09B
| $17.4M | 4.38% |
+543,756
| New | +$21.5M |
|
11
Fox Class B
FOX
$21.8B
| $15.3M | 3.85% |
669,251
+163,294
| +32% | +$5.28M |
|
12
Charter Communications
CHTR
$17.3B
| $13.3M | 3.34% |
30,422
-16,389
| -35% | -$8.02M |
|
13
Valvoline
VVV
$4.9B
| $13.1M | 3.29% |
1,000,000
+104,154
| +12% | +$2M |
|
|
HMHC
14
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $10.5M | 2.65% |
5,607,453
+1,016,600
| +22% | +$5.17M |
|
15
Gildan
GIL
$10.3B
| $5.51M | 1.39% |
+432,052
| New | +$10.4M |
|
16
Acadia Healthcare
ACHC
$2.76B
| – | – |
-198,322
| Closed | -$6.59M |
|
|
17
Air Products & Chemicals
APD
$65.7B
| – | – |
-220,738
| Closed | -$51.9M |
|
|
18
Post Holdings
POST
$4.14B
| – | – |
-664,648
| Closed | -$47.5M |
|
|
PRSP
19
DELISTED
Perspecta Inc. Common Stock
PRSP
| – | – |
-801,207
| Closed | -$21.2M |
|
|
ATVI
20
DELISTED
Activision Blizzard
ATVI
| – | – |
-332,086
| Closed | -$19.7M |
|
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Freshford Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Freshford Capital Management held 20 positions worth $397M, down 30% from $567M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Freshford Capital Management deployed $48M of net new capital in Q1 2020, opening 3 new positions and adding to 10 existing holdings. Its largest new stake was Constellation Brands: 329,012 shares worth $47.2M.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, up from 26% a quarter earlier, followed by Healthcare and Consumer Staples.
On the sell side, the largest reduction was Zimmer Biomet, an estimated $10M trimmed.
- Freshford Capital Management's largest Q1 2020 buy was Constellation Brands: 329,012 shares worth $47.2M.
- Freshford Capital Management added most to Covetrus, Inc. Common Stock in Q1 2020, an estimated $30.6M increase.
- Freshford Capital Management's biggest Q1 2020 reduction was Zimmer Biomet, cutting an estimated $10M.
- Freshford Capital Management fully exited Air Products & Chemicals in Q1 2020, selling an estimated $51.9M.
- Freshford Capital Management's ten largest holdings make up 85% of its $397M portfolio in Q1 2020.
- Freshford Capital Management opened 3 new positions and closed 5 in Q1 2020.
- Freshford Capital Management's portfolio value fell 30% quarter-over-quarter to $397M.
Based on Freshford Capital Management's 13F filing for Q1 2020, filed 15 May 2020.