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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
+11.43%
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
$299M
AUM Growth
-$88.4M
Cap. Flow
-$125M
Cap. Flow %
-41.75%
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
1
Reduced
8
Closed
2

Top Buys

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$8.1M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$68M
2
ATVI
Activision Blizzard
ATVI
+$19.3M
3
CRM icon
Salesforce
CRM
+$12.2M
4
INTU icon
Intuit
INTU
+$10.1M
5
RYAAY icon
Ryanair
RYAAY
+$9.37M

Sector Composition

Rank Sector Weight
1 Technology 32.06%
2 Industrials 22.05%
3 Financials 17.49%
4 Communication Services 15.33%
5 Consumer Discretionary 8.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
1
Salesforce
CRM
$151B
$66.6M 22.27%
315,170
-59,790
-16% -$12.2M
RYAAY icon
2
Ryanair
RYAAY
$30.4B
$54.2M 18.12%
1,224,675
-232,450
-16% -$9.37M
BLK icon
3
Blackrock
BLK
$169B
$49.1M 16.43%
71,061
+12,098
+21% +$8.1M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$4.36T
$45.8M 15.33%
382,811
-55,131
-13% -$6.35M
MSFT icon
5
Microsoft
MSFT
$3.45T
$29.3M 9.79%
85,921
-217,053
-72% -$68M
KMX icon
6
CarMax
KMX
$8.13B
$25.2M 8.44%
301,531
-57,167
-16% -$4.19M
BP icon
7
BP
BP
$116B
$13.9M 4.64%
393,029
-1,971
-0.5% -$72.9K
UNP icon
8
Union Pacific
UNP
$174B
$11.7M 3.93%
57,376
-1,524
-3% -$303K
HDB icon
9
HDFC Bank
HDB
$123B
$3.18M 1.06%
91,150
-91,150
-50% -$3.07M
INTU icon
10
Intuit
INTU
$86.5B
– –
-22,635
Closed -$10.1M
ATVI
11
DELISTED
Activision Blizzard
ATVI
– –
-225,066
Closed -$19.3M

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Immersion Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Immersion Capital held 11 positions worth $299M, down 23% from $387M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Immersion Capital withdrew a net $125M in Q2 2023, closing 2 positions and reducing 8 holdings. Its most notable exit was Activision Blizzard, an estimated $19.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 49% a quarter earlier, followed by Industrials and Financials.

Against the trend, Immersion Capital added an estimated $8.1M to Blackrock.

  • Immersion Capital added most to Blackrock in Q2 2023, an estimated $8.1M increase.
  • Immersion Capital's biggest Q2 2023 reduction was Microsoft, cutting an estimated $68M.
  • Immersion Capital fully exited Activision Blizzard in Q2 2023, selling an estimated $19.3M.
  • Immersion Capital's ten largest holdings make up 100% of its $299M portfolio in Q2 2023.
  • Immersion Capital opened 0 new positions and closed 2 in Q2 2023.
  • Immersion Capital's portfolio value fell 23% quarter-over-quarter to $299M.

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