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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
-5.65%
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
$644M
AUM Growth
-$88.4M
(-12%)
Cap. Flow
-$28M
Cap. Flow
% of AUM
-4.35%
Top 10 Holdings %
Top 10 Hldgs %
72.37%
Holding
27
New
2
Increased
8
Reduced
9
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$43.4M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$30.4M |
| 3 |
GoDaddy
GDDY
|
+$9.91M |
| 4 |
Upstart Holdings
UPST
|
+$7.67M |
| 5 |
Resideo Technologies
REZI
|
+$7.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$47.1M |
| 2 |
Liberty Broadband Class A
LBRDA
|
+$26.3M |
| 3 |
CVET
Covetrus, Inc. Common Stock
CVET
|
+$17M |
| 4 |
VIVO
Meridian Bioscience Inc
VIVO
|
+$14.7M |
| 5 |
KBR
KBR
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 28.53% |
| 2 | Industrials | 15.85% |
| 3 | Consumer Discretionary | 14.46% |
| 4 | Technology | 14.44% |
| 5 | Healthcare | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PPLI
1
People Inc
PPLI
$3.09B
| $91.6M | 14.23% |
2,016,225
+770,773
| +62% | +$43.4M |
|
|
2
Resideo Technologies
REZI
$5.19B
| $57.6M | 8.95% |
3,023,371
+361,284
| +14% | +$7.66M |
|
|
3
KBR
KBR
$4.62B
| $44.4M | 6.9% |
1,028,099
-225,845
| -18% | -$11.1M |
|
4
Box
BOX
$4.37B
| $43.5M | 6.76% |
1,785,223
-264,558
| -13% | -$7.28M |
|
|
5
GoDaddy
GDDY
$11B
| $42.9M | 6.66% |
604,744
+131,684
| +28% | +$9.91M |
|
|
CVET
6
DELISTED
Covetrus, Inc. Common Stock
CVET
| $41.4M | 6.44% |
1,984,120
-817,068
| -29% | -$17M |
|
7
Cheniere Energy
LNG
$55.2B
| $40.5M | 6.3% |
244,383
+41,336
| +20% | +$6.27M |
|
8
TripAdvisor
TRIP
$1.65B
| $37.3M | 5.79% |
1,687,556
+139,105
| +9% | +$3.12M |
|
|
9
Liberty Broadband Class C
LBRDK
$4.88B
| $34.6M | 5.37% |
468,719
+285,451
| +156% | +$30.4M |
|
10
Valvoline
VVV
$4.9B
| $31.9M | 4.96% |
1,260,825
-174,539
| -12% | -$5.11M |
|
11
Alphabet (Google) Class A
GOOGL
$4.36T
| $30.2M | 4.69% |
315,871
+3,491
| +1% | +$387K |
|
12
CALL
Comcast
CMCSA
$85B
| $29.3M | 4.56% |
1,000,000
| – | – |
|
13
Constellation Brands
STZ
$22.2B
| $22.9M | 3.56% |
99,875
-2,288
| -2% | -$558K |
|
14
Liberty Media Series C
FWONK
$24.6B
| $19.2M | 2.99% |
339,791
-4,647
| -1% | -$287K |
|
15
Purple Innovation
PRPL
$35.3M
| $14.2M | 2.2% |
139,840
+70,324
| +101% | +$6.11M |
|
16
PUT
Trupanion
TRUP
$1.07B
| $11.9M | 1.85% |
+200,000
| New | +$13.4M |
|
17
PUT
Agilon Health
AGL
$1.53B
| $11.7M | 1.82% |
20,000
-5,648
| -22% | -$3.38M |
|
18
Thor Industries
THO
$3.9B
| $9.69M | 1.51% |
138,435
| – | – |
|
|
HMCO
19
DELISTED
HumanCo Acquisition Corp. Class A Common Stock
HMCO
| $8.21M | 1.28% |
825,000
| – | – |
|
20
Angi Inc
ANGI
$229M
| $8.05M | 1.25% |
272,788
-71,571
| -21% | -$3.15M |
|
|
CHNG
21
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $6.52M | 1.01% |
237,182
-1,901,818
| -89% | -$47.1M |
|
|
22
Upstart Holdings
UPST
$2.63B
| $5.92M | 0.92% |
+285,000
| New | +$7.67M |
|
|
HMCOW
23
DELISTED
HumanCo Acquisition Corp. Warrant
HMCOW
| $46K | 0.01% |
412,500
| – | – |
|
24
PUT
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| – | – |
-306,200
| Closed | -$11.6M |
|
|
25
Liberty Broadband Class A
LBRDA
$4.89B
| – | – |
-231,995
| Closed | -$26.3M |
|
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Freshford Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Freshford Capital Management held 27 positions worth $644M, down 12% from $732M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Freshford Capital Management withdrew a net $28M in Q3 2022, closing 4 positions and reducing 9 holdings. Its most notable exit was Liberty Broadband Class A, an estimated $26.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 27% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Freshford Capital Management opened a new position in Upstart Holdings worth $5.92M.
- Freshford Capital Management's largest Q3 2022 buy was Upstart Holdings: 285,000 shares worth $5.92M.
- Freshford Capital Management added most to People Inc in Q3 2022, an estimated $43.4M increase.
- Freshford Capital Management's biggest Q3 2022 reduction was Change Healthcare Inc. Common Stock, cutting an estimated $47.1M.
- Freshford Capital Management fully exited Liberty Broadband Class A in Q3 2022, selling an estimated $26.3M.
- Freshford Capital Management's ten largest holdings make up 72% of its $644M portfolio in Q3 2022.
- Freshford Capital Management opened 2 new positions and closed 4 in Q3 2022.
- Freshford Capital Management's portfolio value fell 12% quarter-over-quarter to $644M.
Based on Freshford Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.