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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
+15.55%
1 Year Est. Return
+19.3%
3 Year Est. Return
+76.96%
5 Year Est. Return
+46.98%
10 Year Est. Return
–
AUM
$402M
AUM Growth
+$26.7M
Cap. Flow
-$25.9M
Cap. Flow %
-6.45%
Top 10 Hldgs %
83.95%
Holding
17
New
–
Increased
4
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
CCOI icon
Cogent Communications
CCOI
+$30.4M
2
ESGR
Enstar Group
ESGR
+$7.17M
3
RUSHA icon
Rush Enterprises Class A
RUSHA
+$2.89M
4
GOLD
Gold.com Inc
GOLD
+$2.23M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$23.2M
2
META icon
Meta Platforms (Facebook)
META
+$8.64M
3
LGIH icon
LGI Homes
LGIH
+$7.62M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$7.12M
5
WD icon
Walker & Dunlop
WD
+$7.12M

Sector Composition

Rank Sector Weight
1 Communication Services 45.72%
2 Financials 31.76%
3 Consumer Discretionary 12.65%
4 Industrials 6.52%
5 Materials 3.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$3.15B
$72.2M 17.95%
1,401,850
-35,961
-3% -$1.65M
CCOI icon
2
Cogent Communications
CCOI
$612M
$38.7M 9.62%
575,000
+465,000
+423% +$30.4M
META icon
3
Meta Platforms (Facebook)
META
$1.51T
$33M 8.2%
115,000
-35,000
-23% -$8.64M
ESGR
4
DELISTED
Enstar Group
ESGR
$31.6M 7.86%
129,500
+29,000
+29% +$7.17M
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.07T
$30.3M 7.54%
89,000
-71,000
-44% -$23.2M
ENVA icon
6
Enova International
ENVA
$6.27B
$30.2M 7.51%
569,000
-61,000
-10% -$2.88M
AMZN icon
7
Amazon
AMZN
$2.49T
$30M 7.45%
230,000
-35,000
-13% -$4M
UHAL.B icon
8
U-Haul Holding Co Series N
UHAL.B
$12.5B
$26.2M 6.52%
517,500
-12,500
-2% -$654K
HAPN
9
Happen Inc
HAPN
$2.16B
$23M 5.71%
2,355,000
-180,000
-7% -$1.45M
NWSA icon
10
News Corp Class A
NWSA
$14.8B
$22.4M 5.57%
1,150,000
-175,000
-13% -$3.17M
GOOG icon
11
Alphabet (Google) Class C
GOOG
$3.99T
$17.6M 4.38%
145,500
-61,500
-30% -$7.12M
RUSHA icon
12
Rush Enterprises Class A
RUSHA
$5.98B
$14M 3.47%
345,000
+78,750
+30% +$2.89M
OEC icon
13
Orion
OEC
$379M
$13.5M 3.35%
635,000
– –
GOLD
14
Gold.com Inc
GOLD
$1.19B
$7.17M 1.78%
191,500
+61,500
+47% +$2.23M
LGIH icon
15
LGI Homes
LGIH
$1.4B
$6.95M 1.73%
51,500
-63,500
-55% -$7.62M
WD icon
16
Walker & Dunlop
WD
$1.69B
$5.42M 1.35%
68,472
-98,528
-59% -$7.12M
UPWK icon
17
Upwork
UPWK
$1.14B
– –
-100,000
Closed -$1.13M

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Harspring Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Harspring Capital Management held 17 positions worth $402M, up 7.1% from $376M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Harspring Capital Management withdrew a net $25.9M in Q2 2023, closing 1 position and reducing 11 holdings. Its most notable exit was Upwork, an estimated $1.13M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 46% of assets, up from 39% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Harspring Capital Management added an estimated $30.4M to Cogent Communications.

  • Harspring Capital Management added most to Cogent Communications in Q2 2023, an estimated $30.4M increase.
  • Harspring Capital Management's biggest Q2 2023 reduction was Berkshire Hathaway Class B, cutting an estimated $23.2M.
  • Harspring Capital Management fully exited Upwork in Q2 2023, selling an estimated $1.13M.
  • Harspring Capital Management's ten largest holdings make up 84% of its $402M portfolio in Q2 2023.
  • Harspring Capital Management opened 0 new positions and closed 1 in Q2 2023.
  • Harspring Capital Management's portfolio value rose 7.1% quarter-over-quarter to $402M.

Based on Harspring Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.