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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
+5.04%
1 Year Est. Return
+19.3%
3 Year Est. Return
+76.96%
5 Year Est. Return
+46.98%
10 Year Est. Return
–
AUM
$352M
AUM Growth
-$68.8M
(-16%)
Cap. Flow
-$81.4M
Cap. Flow
% of AUM
-23.13%
Top 10 Holdings %
Top 10 Hldgs %
83.17%
Holding
18
New
–
Increased
2
Reduced
11
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thryv Holdings
THRY
|
+$3.9M |
| 2 |
1stdibs.com
DIBS
|
+$241K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESGR
Enstar Group
ESGR
|
+$29.8M |
| 2 |
Cogent Communications
CCOI
|
+$11.3M |
| 3 |
Enova International
ENVA
|
+$10.3M |
| 4 |
PPLI
People Inc
PPLI
|
+$8.06M |
| 5 |
Orion
OEC
|
+$5.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 51.06% |
| 2 | Financials | 21.95% |
| 3 | Consumer Discretionary | 15% |
| 4 | Industrials | 4.19% |
| 5 | Technology | 3.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Cogent Communications
CCOI
$612M
| $79.8M | 22.67% |
1,034,797
-141,703
| -12% | -$11.3M |
|
2
Amazon
AMZN
$2.49T
| $32.7M | 9.31% |
149,200
-25,000
| -14% | -$5.11M |
|
3
Meta Platforms (Facebook)
META
$1.51T
| $31.3M | 8.91% |
53,500
-7,500
| -12% | -$4.4M |
|
|
4
Enova International
ENVA
$6.27B
| $29M | 8.24% |
302,360
-107,640
| -26% | -$10.3M |
|
|
PPLI
5
People Inc
PPLI
$3.15B
| $23.5M | 6.68% |
664,355
-201,135
| -23% | -$8.06M |
|
6
Alphabet (Google) Class C
GOOG
$3.99T
| $22.4M | 6.37% |
117,650
| – | – |
|
7
News Corp Class A
NWSA
$14.8B
| $20.8M | 5.92% |
756,500
-65,000
| -8% | -$1.81M |
|
|
ESGR
8
DELISTED
Enstar Group
ESGR
| $20M | 5.68% |
62,000
-92,000
| -60% | -$29.8M |
|
|
HAPN
9
Happen Inc
HAPN
$2.16B
| $17.2M | 4.88% |
1,060,000
-100,000
| -9% | -$1.47M |
|
10
Rush Enterprises Class A
RUSHA
$5.98B
| $15.9M | 4.52% |
290,000
-20,000
| -6% | -$1.14M |
|
11
U-Haul Holding Co Series N
UHAL.B
$12.5B
| $14.7M | 4.19% |
230,000
-25,000
| -10% | -$1.64M |
|
|
12
Thryv Holdings
THRY
$184M
| $13.1M | 3.71% |
882,500
+247,500
| +39% | +$3.9M |
|
13
Berkshire Hathaway Class B
BRK.B
$1.07T
| $11.1M | 3.16% |
24,500
| – | – |
|
14
Turning Point Brands
TPB
$1.52B
| $10.9M | 3.1% |
181,500
| – | – |
|
15
LGI Homes
LGIH
$1.4B
| $4.14M | 1.18% |
46,350
| – | – |
|
|
16
Orion
OEC
$379M
| $3.47M | 0.99% |
220,000
-345,000
| -61% | -$5.83M |
|
|
17
1stdibs.com
DIBS
$152M
| $1.77M | 0.5% |
500,000
+59,623
| +14% | +$241K |
|
18
Walker & Dunlop
WD
$1.69B
| – | – |
-41,500
| Closed | -$4.71M |
|
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G
Harspring Capital Management's Q4 2024 Portfolio in Review
As of Q4 2024, Harspring Capital Management held 18 positions worth $352M, down 16% from $421M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Harspring Capital Management withdrew a net $81.4M in Q4 2024, closing 1 position and reducing 11 holdings. Its most notable exit was Walker & Dunlop, an estimated $4.71M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 51% of assets, up from 49% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Harspring Capital Management added an estimated $3.9M to Thryv Holdings.
- Harspring Capital Management added most to Thryv Holdings in Q4 2024, an estimated $3.9M increase.
- Harspring Capital Management's biggest Q4 2024 reduction was Enstar Group, cutting an estimated $29.8M.
- Harspring Capital Management fully exited Walker & Dunlop in Q4 2024, selling an estimated $4.71M.
- Harspring Capital Management's ten largest holdings make up 83% of its $352M portfolio in Q4 2024.
- Harspring Capital Management opened 0 new positions and closed 1 in Q4 2024.
- Harspring Capital Management's portfolio value fell 16% quarter-over-quarter to $352M.
Based on Harspring Capital Management's 13F filing for Q4 2024, filed 13 Feb 2025.