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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
+5.61%
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
$942M
AUM Growth
-$156M
(-14%)
Cap. Flow
-$207M
Cap. Flow
% of AUM
-21.95%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
14
New
1
Increased
2
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$128M |
| 2 |
Salesforce
CRM
|
+$46.8M |
| 3 |
ServiceNow
NOW
|
+$3.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ryanair
RYAAY
|
+$172M |
| 2 |
EB
Eventbrite
EB
|
+$71.6M |
| 3 |
Nike
NKE
|
+$50.3M |
| 4 |
Adobe
ADBE
|
+$37M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 65.79% |
| 2 | Technology | 32.47% |
| 3 | Consumer Discretionary | 1.4% |
| 4 | Financials | 0.35% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.42T
| $310M | 32.87% |
1,051,500
| – | – |
|
|
2
Alphabet (Google) Class A
GOOGL
$4.36T
| $184M | 19.58% |
1,788,820
-284,000
| -14% | -$28M |
|
3
Microsoft
MSFT
$3.45T
| $130M | 13.81% |
551,920
-86,000
| -13% | -$20M |
|
|
4
Netflix
NFLX
$299B
| $126M | 13.35% |
+2,410,900
| New | +$128M |
|
|
5
Salesforce
CRM
$151B
| $102M | 10.82% |
481,442
+210,000
| +77% | +$46.8M |
|
|
6
ServiceNow
NOW
$115B
| $69.5M | 7.38% |
695,125
+33,625
| +5% | +$3.55M |
|
7
Airbnb
ABNB
$89.9B
| $13.2M | 1.4% |
70,000
| – | – |
|
8
Uber
UBER
$143B
| $4.31M | 0.46% |
79,000
-21,000
| -21% | -$1.17M |
|
9
Visa
V
$684B
| $3.27M | 0.35% |
15,470
-12,530
| -45% | -$2.64M |
|
|
10
Adobe
ADBE
$99.5B
| – | – |
-74,000
| Closed | -$37M |
|
11
Alibaba
BABA
$293B
| – | – |
-11,500
| Closed | -$2.68M |
|
|
EB
12
DELISTED
Eventbrite
EB
| – | – |
-3,954,792
| Closed | -$71.6M |
|
|
13
Nike
NKE
$61.9B
| – | – |
-355,470
| Closed | -$50.3M |
|
|
14
Ryanair
RYAAY
$30.4B
| – | – |
-3,902,455
| Closed | -$172M |
|
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Immersion Capital's Q1 2021 Portfolio in Review
As of Q1 2021, Immersion Capital held 14 positions worth $942M, down 14% from $1.1B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Immersion Capital withdrew a net $207M in Q1 2021, closing 5 positions and reducing 4 holdings. Its most notable exit was Ryanair, an estimated $172M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 66% of assets, up from 49% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Immersion Capital opened a new position in Netflix worth $126M.
- Immersion Capital's largest Q1 2021 buy was Netflix: 2,410,900 shares worth $126M.
- Immersion Capital added most to Salesforce in Q1 2021, an estimated $46.8M increase.
- Immersion Capital's biggest Q1 2021 reduction was Alphabet (Google) Class A, cutting an estimated $28M.
- Immersion Capital fully exited Ryanair in Q1 2021, selling an estimated $172M.
- Immersion Capital's ten largest holdings make up 100% of its $942M portfolio in Q1 2021.
- Immersion Capital opened 1 new position and closed 5 in Q1 2021.
- Immersion Capital's portfolio value fell 14% quarter-over-quarter to $942M.
Based on Immersion Capital's 13F filing for Q1 2021, filed 17 May 2021.