HCM

Hitchwood Capital Management Portfolio holdings

AUM $184M Turnover 74.19%
1-Year Est. Return 3.18%
This Fund
S&P 500
This Quarter Est. Return
+35.83%
1 Year Est. Return
+3.18%
3 Year Est. Return
+274.83%
5 Year Est. Return
+778.6%
10 Year Est. Return
–
AUM
$184M
AUM Growth
-$549M
Cap. Flow
-$232M
Cap. Flow %
-126.29%
Top 10 Hldgs %
76.89%
Holding
31
New
11
Increased
–
Reduced
8
Closed
12
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.5 years
Avg Time Held Equity only
0.5 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$11.1M
2
TW icon
Tradeweb Markets
TW
+$10.9M
3
ABNB icon
Airbnb
ABNB
+$9.13M
4
AMAT icon
Applied Materials
AMAT
+$8.04M
5
AMD icon
Advanced Micro Devices
AMD
+$6.51M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$86M
2
TSLA icon
Tesla
TSLA
+$38.4M
3
MSFT icon
Microsoft
MSFT
+$23M
4
ELV icon
Elevance Health
ELV
+$20.5M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$16.9M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 34.28%
2 Technology 24.68%
3 Financials 13.17%
4 Miscellaneous 11.63%
5 Communication Services 10.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TSLA icon
1
Tesla
TSLA
$1.45T
$22.8M 12.42%
110,000
-220,000
-67% -$38.4M
2019 Q4
13 quarters
FND icon
2
Floor & Decor
FND
$4.71B
$17.2M 9.35%
175,000
-70,000
-29% -$6.29M
2022 Q2
3 quarters
MSFT icon
3
Microsoft
MSFT
$3.96T
$15.9M 8.63%
55,000
-90,000
-62% -$23M
2021 Q1
8 quarters
AMZN icon
4
PUT
Amazon
AMZN
$2.74T
$15.5M 8.43%
+150,000
New +$14.5M
2023 Q1
0 quarters
META icon
5
Meta Platforms (Facebook)
META
$1.88T
$13.8M 7.5%
+65,000
New +$11.1M
2023 Q1
0 quarters
BRK.B icon
6
Berkshire Hathaway Class B
BRK.B
$1.13T
$12.4M 6.72%
40,000
-55,000
-58% -$16.9M
2022 Q1
4 quarters
TW icon
7
Tradeweb Markets
TW
$23.4B
$11.9M 6.45%
+150,000
New +$10.9M
2023 Q1
0 quarters
HLN icon
8
Haleon
HLN
$42.6B
$11.4M 6.2%
1,400,000
-300,000
-18% -$2.39M
2022 Q4
1 quarter
BKNG icon
9
Booking.com
BKNG
$121B
$10.6M 5.77%
100,000
-25,000
-20% -$2.43M
2022 Q3
2 quarters
ABNB icon
10
Airbnb
ABNB
$98.5B
$9.95M 5.42%
+80,000
New +$9.13M
2023 Q1
0 quarters
AMAT icon
11
Applied Materials
AMAT
$354B
$8.6M 4.68%
+70,000
New +$8.04M
2023 Q1
0 quarters
KLAC icon
12
KLA
KLAC
$233B
$7.98M 4.34%
200,000
-200,000
-50% -$7.88M
2022 Q3
2 quarters
AMD icon
13
Advanced Micro Devices
AMD
$932B
$7.84M 4.27%
+80,000
New +$6.51M
2023 Q1
0 quarters
ANET icon
14
PUT
Arista Networks
ANET
$246B
$5.88M 3.2%
+140,000
New +$4.81M
2023 Q1
0 quarters
SPOT icon
15
Spotify
SPOT
$108B
$4.68M 2.54%
+35,000
New +$4.01M
2023 Q1
0 quarters
WDAY icon
16
Workday
WDAY
$45.5B
$3.1M 1.69%
+15,000
New +$2.73M
2023 Q1
0 quarters
RH icon
17
RH
RH
$2.1B
$2.44M 1.33%
10,000
-10,000
-50% -$2.9M
2022 Q2
3 quarters
PCOR icon
18
Procore
PCOR
$8.5B
$1.25M 0.68%
+20,000
New +$1.17M
2023 Q1
0 quarters
SHOP icon
19
Shopify
SHOP
$222B
$719K 0.39%
+15,000
New +$660K
2023 Q1
0 quarters
AMZN icon
20
Amazon
AMZN
$2.74T
– –
-890,000
Closed -$86M –
AZTA icon
21
Azenta
AZTA
$1.63B
– –
-120,000
Closed -$6.99M –
CRWD icon
22
CrowdStrike
CRWD
$255B
– –
-300,000
Closed -$7.9M –
ELV icon
23
Elevance Health
ELV
$92.8B
– –
-40,000
Closed -$20.5M –
FISV icon
24
Fiserv Inc
FISV
$24.5B
– –
-130,000
Closed -$13.1M –
GOOGL icon
25
Alphabet (Google) Class A
GOOGL
$4.25T
– –
-10,000
Closed -$882K –
1
2

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Hitchwood Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Hitchwood Capital Management held 31 positions worth $184M, down 75% from $733M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Hitchwood Capital Management withdrew a net $232M in Q1 2023, closing 12 positions and reducing 8 holdings. Its most notable exit was Amazon, an estimated $86M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Hitchwood Capital Management opened a new position in Meta Platforms (Facebook) worth $13.8M.

  • Hitchwood Capital Management's largest Q1 2023 buy was Meta Platforms (Facebook): 65,000 shares worth $13.8M.
  • Hitchwood Capital Management's biggest Q1 2023 reduction was Tesla, cutting an estimated $38.4M.
  • Hitchwood Capital Management fully exited Amazon in Q1 2023, selling an estimated $86M.
  • Hitchwood Capital Management's ten largest holdings make up 77% of its $184M portfolio in Q1 2023.
  • Hitchwood Capital Management opened 11 new positions and closed 12 in Q1 2023.
  • Hitchwood Capital Management's portfolio value fell 75% quarter-over-quarter to $184M.

Based on Hitchwood Capital Management's 13F filing for Q1 2023, filed 12 May 2023.