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FCM
Frontier Capital Management Portfolio holdings
AUM
$9.73B
1-Year Est. Return
55.65%
This Fund
S&P 500
This Quarter
Est. Return
-1.67%
1 Year Est. Return
+55.65%
3 Year Est. Return
+154.46%
5 Year Est. Return
+213.15%
10 Year Est. Return
+1,202.39%
AUM
$9.1B
AUM Growth
-$1.34B
(-13%)
Cap. Flow
-$840M
Cap. Flow
% of AUM
-9.23%
Top 10 Holdings %
Top 10 Hldgs %
17.51%
Holding
277
New
16
Increased
67
Reduced
184
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$66M |
| 2 |
DigitalBridge
DBRG
|
+$53.1M |
| 3 |
SolarEdge
SEDG
|
+$49.3M |
| 4 |
BorgWarner
BWA
|
+$39.6M |
| 5 |
Weatherford International
WFRD
|
+$39.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPO
XPO
|
+$78.2M |
| 2 |
Builders FirstSource
BLDR
|
+$75.3M |
| 3 |
Palo Alto Networks
PANW
|
+$68.2M |
| 4 |
Modine Manufacturing
MOD
|
+$57.8M |
| 5 |
Wolfspeed
WOLF
|
+$56.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.35% |
| 2 | Technology | 21.95% |
| 3 | Healthcare | 13.61% |
| 4 | Consumer Discretionary | 13.05% |
| 5 | Financials | 10.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
KBR
KBR
$4.52B
| $230M | 2.53% |
3,906,492
-346,993
| -8% | -$21.4M |
|
|
2
XPO
XPO
$23.6B
| $197M | 2.16% |
2,632,724
-1,133,022
| -30% | -$78.2M |
|
3
FTAI Aviation
FTAI
$21.1B
| $181M | 1.99% |
5,100,766
+1,102,233
| +28% | +$37.9M |
|
4
Mattel
MAT
$4.47B
| $181M | 1.99% |
8,197,196
+75,599
| +0.9% | +$1.61M |
|
5
Eagle Materials
EXP
$6.58B
| $149M | 1.64% |
894,182
-226,544
| -20% | -$41.2M |
|
|
BECN
6
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $140M | 1.54% |
1,812,431
-604,876
| -25% | -$48.9M |
|
7
Array Technologies
ARRY
$763M
| $139M | 1.53% |
6,275,857
-778,096
| -11% | -$16.9M |
|
8
SM Energy
SM
$7.45B
| $137M | 1.51% |
3,453,635
+38,979
| +1% | +$1.48M |
|
9
ATI
ATI
$24.7B
| $126M | 1.38% |
3,051,000
-442,594
| -13% | -$19.7M |
|
10
Apollo Global Management
APO
$70.1B
| $114M | 1.25% |
1,267,619
+342,006
| +37% | +$28.7M |
|
11
Veeva Systems
VEEV
$33.8B
| $110M | 1.2% |
538,386
-36,569
| -6% | -$7.37M |
|
|
12
Builders FirstSource
BLDR
$7.57B
| $105M | 1.15% |
840,785
-546,061
| -39% | -$75.3M |
|
|
PR
13
Permian Resources
PR
$17.3B
| $105M | 1.15% |
7,488,109
+944,260
| +14% | +$11.9M |
|
|
14
Modine Manufacturing
MOD
$10B
| $104M | 1.14% |
2,271,072
-1,379,396
| -38% | -$57.8M |
|
15
Fair Isaac
FICO
$32.4B
| $103M | 1.13% |
118,238
-15,397
| -12% | -$13.2M |
|
16
Carpenter Technology
CRS
$26.9B
| $99.8M | 1.1% |
1,485,252
-94,779
| -6% | -$5.75M |
|
17
Caesars Entertainment
CZR
$6.07B
| $88.4M | 0.97% |
1,908,303
+66,721
| +4% | +$3.54M |
|
18
EPAM Systems
EPAM
$5.63B
| $87.7M | 0.96% |
342,965
+145,692
| +74% | +$36M |
|
19
Quanta Services
PWR
$85.5B
| $85.2M | 0.94% |
455,199
-95,622
| -17% | -$19.2M |
|
20
Monolithic Power Systems
MPWR
$63.5B
| $83.5M | 0.92% |
180,762
-47,847
| -21% | -$24.5M |
|
21
Trade Desk
TTD
$9.09B
| $83.1M | 0.91% |
1,063,569
+48,345
| +5% | +$3.91M |
|
22
Aon
AON
$79.9B
| $82.5M | 0.91% |
254,601
-89,415
| -26% | -$29.6M |
|
23
HubSpot
HUBS
$12.9B
| $81.2M | 0.89% |
164,787
-26,133
| -14% | -$13.7M |
|
24
Jabil
JBL
$30.4B
| $78.5M | 0.86% |
618,490
-160,639
| -21% | -$17.6M |
|
25
The Bancorp
TBBK
$2.81B
| $73.3M | 0.81% |
2,125,523
-8,583
| -0.4% | -$313K |
|
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Frontier Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Frontier Capital Management held 277 positions worth $9.1B, down 13% from $10.4B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Frontier Capital Management withdrew a net $840M in Q3 2023, closing 10 positions and reducing 184 holdings. Its most notable exit was PDC Energy, Inc., an estimated $47.6M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, down from 24% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Frontier Capital Management opened a new position in Cognizant worth $64.8M.
- Frontier Capital Management's largest Q3 2023 buy was Cognizant: 956,768 shares worth $64.8M.
- Frontier Capital Management added most to SolarEdge in Q3 2023, an estimated $49.3M increase.
- Frontier Capital Management's biggest Q3 2023 reduction was XPO, cutting an estimated $78.2M.
- Frontier Capital Management fully exited PDC Energy, Inc. in Q3 2023, selling an estimated $47.6M.
- Frontier Capital Management's ten largest holdings make up 18% of its $9.1B portfolio in Q3 2023.
- Frontier Capital Management opened 16 new positions and closed 10 in Q3 2023.
- Frontier Capital Management's portfolio value fell 13% quarter-over-quarter to $9.1B.
Based on Frontier Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.