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HCM
Harspring Capital Management Portfolio holdings
AUM
$190M
1-Year Est. Return
19.3%
This Fund
S&P 500
This Quarter
Est. Return
+35.21%
1 Year Est. Return
+19.3%
3 Year Est. Return
+76.96%
5 Year Est. Return
+46.98%
10 Year Est. Return
–
AUM
$296M
AUM Growth
+$117M
(+66%)
Cap. Flow
+$72M
Cap. Flow
% of AUM
24.28%
Top 10 Holdings %
Top 10 Hldgs %
76.9%
Holding
31
New
9
Increased
9
Reduced
3
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
XPO
XPO
|
+$16.6M |
| 2 |
SS&C Technologies
SSNC
|
+$16.5M |
| 3 |
Pinterest
PINS
|
+$16.4M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$10.1M |
| 5 |
LGI Homes
LGIH
|
+$9.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nelnet
NNI
|
+$15M |
| 2 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$11.1M |
| 3 |
Cardlytics
CDLX
|
+$5.77M |
| 4 |
MIC
Macquarie Infrastructure Holdings, LLC
MIC
|
+$5.12M |
| 5 |
News Corp Class A
NWSA
|
+$5.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.59% |
| 2 | Communication Services | 27.47% |
| 3 | Consumer Discretionary | 15.52% |
| 4 | Industrials | 6.26% |
| 5 | Financials | 5.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
SS&C Technologies
SSNC
$18.1B
| $38.1M | 12.86% |
674,700
+302,000
| +81% | +$16.5M |
|
2
Alphabet (Google) Class C
GOOG
$3.99T
| $33.8M | 11.4% |
478,100
+70,000
| +17% | +$4.72M |
|
3
Amazon
AMZN
$2.49T
| $25.7M | 8.68% |
186,500
+9,000
| +5% | +$1.09M |
|
|
TWTR
4
DELISTED
Twitter, Inc.
TWTR
| $25.4M | 8.59% |
854,101
+334,101
| +64% | +$10.1M |
|
|
CHNG
5
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $19.3M | 6.5% |
1,721,132
-987,181
| -36% | -$11.1M |
|
|
6
Pinterest
PINS
$13.2B
| $18.6M | 6.28% |
+840,000
| New | +$16.4M |
|
|
7
XPO
XPO
$24.4B
| $18.5M | 6.26% |
+693,935
| New | +$16.6M |
|
8
Ubiquiti
UI
$32.7B
| $18.2M | 6.14% |
104,238
+49,238
| +90% | +$8.26M |
|
|
RST
9
DELISTED
ROSETTA STONE INC
RST
| $17.1M | 5.76% |
1,012,745
+144,992
| +17% | +$2.44M |
|
|
QADA
10
DELISTED
QAD Inc.
QADA
| $13.1M | 4.43% |
317,771
+60,455
| +23% | +$2.55M |
|
|
11
LGI Homes
LGIH
$1.4B
| $11.6M | 3.91% |
+131,581
| New | +$9.22M |
|
12
Walker & Dunlop
WD
$1.69B
| $10.9M | 3.67% |
+214,316
| New | +$8.76M |
|
|
PCOM
13
DELISTED
Points.com Inc. Common Shares
PCOM
| $9.33M | 3.15% |
1,024,230
+403,587
| +65% | +$3.61M |
|
14
Chegg
CHGG
$110M
| $6.56M | 2.21% |
+97,500
| New | +$5.21M |
|
15
eHealth
EHTH
$43.2M
| $6.21M | 2.1% |
63,268
+19,000
| +43% | +$2.21M |
|
16
Workiva
WK
$3.13B
| $5.62M | 1.9% |
+105,000
| New | +$4.3M |
|
|
STMP
17
DELISTED
Stamps.com, Inc.
STMP
| $5.36M | 1.81% |
+29,172
| New | +$4.99M |
|
18
Etsy
ETSY
$7.96B
| $4.69M | 1.58% |
+44,150
| New | +$3.27M |
|
|
SFIX
19
Stitch Fix
SFIX
$536M
| $3.63M | 1.22% |
+145,428
| New | +$2.87M |
|
|
20
Cardlytics
CDLX
$21.7M
| $3.55M | 1.2% |
5,070
-10,000
| -66% | -$5.77M |
|
|
AMRS
21
DELISTED
Amyris Inc.
AMRS
| $686K | 0.23% |
160,650
-20,907
| -12% | -$69.5K |
|
22
Cavco Industries
CVCO
$4.46B
| $365K | 0.12% |
1,895
| – | – |
|
23
AudioEye
AEYE
$74.7M
| – | – |
-24,800
| Closed | -$110K |
|
|
24
Nelnet
NNI
$4.81B
| – | – |
-329,535
| Closed | -$15M |
|
|
25
News Corp Class A
NWSA
$14.8B
| – | – |
-560,594
| Closed | -$5.03M |
|
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Harspring Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Harspring Capital Management held 31 positions worth $296M, up 66% from $179M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Harspring Capital Management deployed $72M of net new capital in Q2 2020, opening 9 new positions and adding to 9 existing holdings. Its largest new stake was XPO: 693,935 shares worth $18.5M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 44% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Change Healthcare Inc. Common Stock, an estimated $11.1M trimmed.
- Harspring Capital Management's largest Q2 2020 buy was XPO: 693,935 shares worth $18.5M.
- Harspring Capital Management added most to SS&C Technologies in Q2 2020, an estimated $16.5M increase.
- Harspring Capital Management's biggest Q2 2020 reduction was Change Healthcare Inc. Common Stock, cutting an estimated $11.1M.
- Harspring Capital Management fully exited Nelnet in Q2 2020, selling an estimated $15M.
- Harspring Capital Management's ten largest holdings make up 77% of its $296M portfolio in Q2 2020.
- Harspring Capital Management opened 9 new positions and closed 9 in Q2 2020.
- Harspring Capital Management's portfolio value rose 66% quarter-over-quarter to $296M.
Based on Harspring Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.