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Immersion Capital Portfolio holdings
AUM
$87.4M
1-Year Est. Return
12.04%
This Fund
S&P 500
This Quarter
Est. Return
+15.96%
1 Year Est. Return
+12.04%
3 Year Est. Return
+63.37%
5 Year Est. Return
+56.74%
10 Year Est. Return
+797.07%
AUM
$1.1B
AUM Growth
+$103M
(+10%)
Cap. Flow
-$42.5M
Cap. Flow
% of AUM
-3.87%
Top 10 Holdings %
Top 10 Hldgs %
98.73%
Holding
14
New
6
Increased
1
Reduced
5
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$68.8M |
| 2 |
Salesforce
CRM
|
+$62M |
| 3 |
Adobe
ADBE
|
+$35.8M |
| 4 |
Airbnb
ABNB
|
+$10.3M |
| 5 |
Visa
V
|
+$5.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$69.2M |
| 2 |
Ryanair
RYAAY
|
+$61M |
| 3 |
Nike
NKE
|
+$59.2M |
| 4 |
JD.com
JD
|
+$27.1M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$11.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 49.19% |
| 2 | Technology | 28.87% |
| 3 | Industrials | 15.63% |
| 4 | Consumer Discretionary | 5.76% |
| 5 | Financials | 0.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.42T
| $287M | 26.14% |
1,051,500
-252,500
| -19% | -$69.2M |
|
|
2
Alphabet (Google) Class A
GOOGL
$4.36T
| $182M | 16.53% |
2,072,820
-134,000
| -6% | -$11.3M |
|
|
3
Ryanair
RYAAY
$30.4B
| $172M | 15.63% |
3,902,455
-1,553,398
| -28% | -$61M |
|
4
Microsoft
MSFT
$3.45T
| $142M | 12.91% |
637,920
-23,500
| -4% | -$5.05M |
|
|
5
ServiceNow
NOW
$115B
| $72.8M | 6.63% |
+661,500
| New | +$68.8M |
|
|
EB
6
DELISTED
Eventbrite
EB
| $71.6M | 6.52% |
3,954,792
| – | – |
|
|
7
Salesforce
CRM
$151B
| $60.4M | 5.5% |
271,442
+254,900
| +1,541% | +$62M |
|
|
8
Nike
NKE
$61.9B
| $50.3M | 4.58% |
355,470
-446,470
| -56% | -$59.2M |
|
|
9
Adobe
ADBE
$99.5B
| $37M | 3.37% |
+74,000
| New | +$35.8M |
|
|
10
Airbnb
ABNB
$89.9B
| $10.3M | 0.94% |
+70,000
| New | +$10.3M |
|
|
11
Visa
V
$684B
| $6.12M | 0.56% |
+28,000
| New | +$5.73M |
|
12
Uber
UBER
$143B
| $5.1M | 0.46% |
+100,000
| New | +$4.48M |
|
13
Alibaba
BABA
$293B
| $2.68M | 0.24% |
+11,500
| New | +$3.19M |
|
|
14
JD.com
JD
$44.6B
| – | – |
-349,000
| Closed | -$27.1M |
|
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Immersion Capital's Q4 2020 Portfolio in Review
As of Q4 2020, Immersion Capital held 14 positions worth $1.1B, up 10% from $996M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Immersion Capital withdrew a net $42.5M in Q4 2020, closing 1 position and reducing 5 holdings. Its most notable exit was JD.com, an estimated $27.1M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 49% of assets, down from 55% a quarter earlier, followed by Technology and Industrials.
Against the trend, Immersion Capital opened a new position in ServiceNow worth $72.8M.
- Immersion Capital's largest Q4 2020 buy was ServiceNow: 661,500 shares worth $72.8M.
- Immersion Capital added most to Salesforce in Q4 2020, an estimated $62M increase.
- Immersion Capital's biggest Q4 2020 reduction was Meta Platforms (Facebook), cutting an estimated $69.2M.
- Immersion Capital fully exited JD.com in Q4 2020, selling an estimated $27.1M.
- Immersion Capital's ten largest holdings make up 99% of its $1.1B portfolio in Q4 2020.
- Immersion Capital opened 6 new positions and closed 1 in Q4 2020.
- Immersion Capital's portfolio value rose 10% quarter-over-quarter to $1.1B.
Based on Immersion Capital's 13F filing for Q4 2020, filed 16 Feb 2021.