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ICAP
Independence Capital Asset Partners Portfolio holdings
AUM
$9.3M
1-Year Est. Return
28.89%
This Fund
S&P 500
This Quarter
Est. Return
+16.77%
1 Year Est. Return
+28.89%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$643M
AUM Growth
-$82.1M
(-11%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-20.42%
Top 10 Holdings %
Top 10 Hldgs %
35.45%
Holding
119
New
48
Increased
18
Reduced
13
Closed
40
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$25.1M |
| 2 |
Cigna
CI
|
+$23.1M |
| 3 |
Crown Castle
CCI
|
+$15.9M |
| 4 |
CBI
Chicago Bridge & Iron Nv
CBI
|
+$14.8M |
| 5 |
MGM Resorts International
MGM
|
+$14.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HCA Healthcare
HCA
|
+$27.8M |
| 2 |
Charter Communications
CHTR
|
+$24.8M |
| 3 |
LTM
LIFE TIME FITNESS INC
LTM
|
+$24.1M |
| 4 |
American Airlines Group
AAL
|
+$24M |
| 5 |
CELG
Celgene Corp
CELG
|
+$23.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 29.25% |
| 2 | Consumer Discretionary | 16.15% |
| 3 | Communication Services | 11% |
| 4 | Industrials | 10.81% |
| 5 | Financials | 10.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Vericel Corp
VCEL
$2.11B
| $345K | 0.05% |
+93,287
| New | +$318K |
|
77
RAVE Restaurant Group
RAVE
$44.2M
| $343K | 0.05% |
+24,600
| New | +$298K |
|
78
Range Resources
RRC
$9.73B
| $329K | 0.05% |
+6,317
| New | +$313K |
|
|
RXDX
79
DELISTED
Ignyta, Inc.
RXDX
| $99K | 0.02% |
+10,000
| New | +$74.8K |
|
|
80
American Airlines Group
AAL
$9.08B
| – | – |
-446,979
| Closed | -$24M |
|
81
Aaon
AAON
$6.44B
| – | – |
-95,250
| Closed | -$1.42M |
|
82
Becton Dickinson
BDX
$51.2B
| – | – |
-59,153
| Closed | -$8.03M |
|
|
BLUE
83
DELISTED
bluebird bio
BLUE
| – | – |
-13,899
| Closed | -$16.5M |
|
84
Crown Holdings
CCK
$12.8B
| – | – |
-190,982
| Closed | -$9.72M |
|
|
85
Charter Communications
CHTR
$17.7B
| – | – |
-149,130
| Closed | -$24.8M |
|
86
CME Group
CME
$101B
| – | – |
-178,204
| Closed | -$15.8M |
|
87
Columbia Sportswear
COLM
$2.91B
| – | – |
-32,403
| Closed | -$1.44M |
|
88
Equinix
EQIX
$106B
| – | – |
-45,413
| Closed | -$10.3M |
|
89
Essent Group
ESNT
$6.23B
| – | – |
-456,703
| Closed | -$11.7M |
|
90
FMC
FMC
$1.33B
| – | – |
-206,051
| Closed | -$10.2M |
|
91
Liberty Media Series A
FWONA
$23.6B
| – | – |
-310,815
| Closed | -$7.37M |
|
92
Gilead Sciences
GILD
$185B
| – | – |
-76,374
| Closed | -$7.2M |
|
|
93
HCA Healthcare
HCA
$90.8B
| – | – |
-378,613
| Closed | -$27.8M |
|
94
Herc Holdings
HRI
$5.2B
| – | – |
-199,603
| Closed | -$14.9M |
|
95
Jack in the Box
JACK
$305M
| – | – |
-79,821
| Closed | -$6.38M |
|
96
Liberty Global Class A
LBTYA
$3.6B
| – | – |
-221,422
| Closed | -$9.17M |
|
|
HAPN
97
Happen Inc
HAPN
$2.13B
| – | – |
-33,580
| Closed | -$4.25M |
|
98
Marathon Petroleum
MPC
$102B
| – | – |
-88,416
| Closed | -$3.99M |
|
99
MPLX
MPLX
$60.3B
| – | – |
-156,798
| Closed | -$11.5M |
|
100
Micron Technology
MU
$1.06T
| – | – |
-304,503
| Closed | -$10.7M |
|
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Independence Capital Asset Partners's Q1 2015 Portfolio in Review
As of Q1 2015, Independence Capital Asset Partners held 119 positions worth $643M, down 11% from $725M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Independence Capital Asset Partners withdrew a net $131M in Q1 2015, closing 40 positions and reducing 13 holdings. Its most notable exit was HCA Healthcare, an estimated $27.8M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 29% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Independence Capital Asset Partners opened a new position in NXP Semiconductors worth $28.6M.
- Independence Capital Asset Partners's largest Q1 2015 buy was NXP Semiconductors: 285,045 shares worth $28.6M.
- Independence Capital Asset Partners added most to Tenet Healthcare in Q1 2015, an estimated $12.4M increase.
- Independence Capital Asset Partners's biggest Q1 2015 reduction was Sotheby's, cutting an estimated $15.6M.
- Independence Capital Asset Partners fully exited HCA Healthcare in Q1 2015, selling an estimated $27.8M.
- Independence Capital Asset Partners's ten largest holdings make up 35% of its $643M portfolio in Q1 2015.
- Independence Capital Asset Partners opened 48 new positions and closed 40 in Q1 2015.
- Independence Capital Asset Partners's portfolio value fell 11% quarter-over-quarter to $643M.
Based on Independence Capital Asset Partners's 13F filing for Q1 2015, filed 14 May 2015.