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IGM
Incline Global Management Portfolio holdings
AUM
$255M
1-Year Est. Return
7.23%
This Fund
S&P 500
This Quarter
Est. Return
+0.23%
1 Year Est. Return
+7.23%
3 Year Est. Return
+13.56%
5 Year Est. Return
-17.6%
10 Year Est. Return
+27.45%
AUM
$474M
AUM Growth
-$235M
(-33%)
Cap. Flow
-$207M
Cap. Flow
% of AUM
-43.64%
Top 10 Holdings %
Top 10 Hldgs %
80.22%
Holding
27
New
5
Increased
5
Reduced
13
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
News Corp Class A
NWSA
|
+$42M |
| 2 |
PPLI
People Inc
PPLI
|
+$40.1M |
| 3 |
Visa
V
|
+$32.1M |
| 4 |
Meta Platforms (Facebook)
META
|
+$31.5M |
| 5 |
PagSeguro Digital
PAGS
|
+$5.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$42.3M |
| 2 |
Mastercard
MA
|
+$38.9M |
| 3 |
Restaurant Brands International
QSR
|
+$36.8M |
| 4 |
Uber
UBER
|
+$34.4M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$33.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.8% |
| 2 | Financials | 24.55% |
| 3 | Communication Services | 24.15% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Consumer Staples | 6.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
News Corp Class A
NWSA
$15.4B
| $41M | 8.64% |
+1,837,150
| New | +$42M |
|
2
Apollo Global Management
APO
$73.4B
| $41M | 8.64% |
565,697
-170,649
| -23% | -$12.3M |
|
|
FISV
3
Fiserv Inc
FISV
$27.9B
| $41M | 8.63% |
394,612
-21,104
| -5% | -$2.18M |
|
4
Starbucks
SBUX
$120B
| $39.1M | 8.24% |
333,968
-53,663
| -14% | -$6.05M |
|
5
Corpay
CPAY
$25.7B
| $38.8M | 8.17% |
173,121
+9,430
| +6% | +$2.25M |
|
6
SS&C Technologies
SSNC
$18.6B
| $38.4M | 8.09% |
468,328
-183,909
| -28% | -$14.2M |
|
|
PPLI
7
People Inc
PPLI
$3.1B
| $38.1M | 8.04% |
+355,508
| New | +$40.1M |
|
8
TransUnion
TRU
$15.3B
| $36.6M | 7.72% |
308,801
+8,131
| +3% | +$932K |
|
|
9
Visa
V
$677B
| $33.6M | 7.09% |
155,254
+149,632
| +2,662% | +$32.1M |
|
|
10
Meta Platforms (Facebook)
META
$1.51T
| $33M | 6.95% |
98,061
+94,878
| +2,981% | +$31.5M |
|
11
Monster Beverage
MNST
$88.5B
| $32M | 6.75% |
666,258
-294,004
| -31% | -$13.1M |
|
12
WEX
WEX
$6.31B
| $8.03M | 1.69% |
57,181
-187,946
| -77% | -$28.7M |
|
13
Fidelity National Information Services
FIS
$22.1B
| $7.92M | 1.67% |
72,587
-280,860
| -79% | -$31.7M |
|
14
Global Payments
GPN
$22.8B
| $7.77M | 1.64% |
57,491
-212,512
| -79% | -$29.3M |
|
|
15
Restaurant Brands International
QSR
$25.8B
| $6.3M | 1.33% |
103,778
-624,068
| -86% | -$36.8M |
|
|
ATVI
16
DELISTED
Activision Blizzard
ATVI
| $6.13M | 1.29% |
92,096
-492,891
| -84% | -$33.7M |
|
|
17
Uber
UBER
$153B
| $6.06M | 1.28% |
144,484
-799,013
| -85% | -$34.4M |
|
18
StoneCo
STNE
$2.58B
| $4.67M | 0.98% |
277,056
-941,856
| -77% | -$23.9M |
|
|
19
PagSeguro Digital
PAGS
$2.55B
| $4.65M | 0.98% |
+177,448
| New | +$5.77M |
|
|
20
Mastercard
MA
$493B
| $4M | 0.84% |
11,117
-112,403
| -91% | -$38.9M |
|
21
Alphabet (Google) Class A
GOOGL
$4.33T
| $2.46M | 0.52% |
+17,020
| New | +$2.45M |
|
22
Amazon
AMZN
$2.96T
| $2.37M | 0.5% |
14,240
+8,840
| +164% | +$1.51M |
|
23
PayPal
PYPL
$50.5B
| $1.22M | 0.26% |
+6,486
| New | +$1.4M |
|
|
FSRDW
24
DELISTED
Fast Radius, Inc. Warrants
FSRDW
| $250K | 0.05% |
354,564
| – | – |
|
|
FISV
25
CALL
Fiserv Inc
FISV
$27.9B
| – | – |
-135,000
| Closed | -$14.6M |
|
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Incline Global Management's Q4 2021 Portfolio in Review
As of Q4 2021, Incline Global Management held 27 positions worth $474M, down 33% from $709M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Incline Global Management withdrew a net $207M in Q4 2021, closing 3 positions and reducing 13 holdings. Its most notable exit was Nike, an estimated $42.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 49% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Incline Global Management opened a new position in News Corp Class A worth $41M.
- Incline Global Management's largest Q4 2021 buy was News Corp Class A: 1,837,150 shares worth $41M.
- Incline Global Management added most to Visa in Q4 2021, an estimated $32.1M increase.
- Incline Global Management's biggest Q4 2021 reduction was Mastercard, cutting an estimated $38.9M.
- Incline Global Management fully exited Nike in Q4 2021, selling an estimated $42.3M.
- Incline Global Management's ten largest holdings make up 80% of its $474M portfolio in Q4 2021.
- Incline Global Management opened 5 new positions and closed 3 in Q4 2021.
- Incline Global Management's portfolio value fell 33% quarter-over-quarter to $474M.
Based on Incline Global Management's 13F filing for Q4 2021, filed 14 Feb 2022.