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ICAP
Independence Capital Asset Partners Portfolio holdings
AUM
$9.3M
Turnover
74.07%
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
Avg Time Held
0.2
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.1
years
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 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
DigitalBridge
DBRG
| $30.1M | 4.68% |
322,273
+44,398
| +16% | +$4.02M |
2014 Q3
2 quarters
|
|
|
2
NXP Semiconductors
NXPI
$58.3B
| $28.6M | 4.45% |
+285,045
| New | +$25.1M |
2015 Q1
0 quarters
|
|
|
3
Cigna
CI
$79B
| $25.7M | 4% |
+198,472
| New | +$23.1M |
2015 Q1
0 quarters
|
|
|
LVNTA
4
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $24.8M | 3.85% |
589,652
+19,747
| +3% | +$767K |
2014 Q4
1 quarter
|
|
5
Tenet Healthcare
THC
$22.2B
| $23.4M | 3.64% |
472,088
+266,312
| +129% | +$12.4M |
2014 Q4
1 quarter
|
|
|
TWX
6
DELISTED
Time Warner Inc
TWX
| $20.6M | 3.21% |
244,177
-41,604
| -15% | -$3.46M |
2014 Q3
2 quarters
|
|
7
Vulcan Materials
VMC
$32.7B
| $19.2M | 2.99% |
227,983
+12,336
| +6% | +$953K |
2014 Q4
1 quarter
|
|
8
Madison Square Garden
MSGS
$9.74B
| $18.8M | 2.92% |
311,041
+26,598
| +9% | +$1.46M |
2014 Q4
1 quarter
|
|
9
Williams Companies
WMB
$84.7B
| $18.5M | 2.88% |
366,513
-51,865
| -12% | -$2.4M |
2014 Q2
3 quarters
|
|
10
DELISTED
Liberty Broadband Class A
LBRDA
| $18.2M | 2.84% |
322,803
+132,212
| +69% | +$6.71M |
2014 Q4
1 quarter
|
|
11
Halliburton
HAL
$27.4B
| $17.9M | 2.79% |
408,943
+95,867
| +31% | +$4M |
2014 Q4
1 quarter
|
|
|
LVLT
12
DELISTED
Level 3 Communications Inc
LVLT
| $17.9M | 2.79% |
333,285
-39,234
| -11% | -$2.05M |
2014 Q3
2 quarters
|
|
13
Vail Resorts
MTN
$5.45B
| $17.6M | 2.74% |
170,023
-32,891
| -16% | -$2.98M |
2014 Q4
1 quarter
|
|
|
CBI
14
DELISTED
Chicago Bridge & Iron Nv
CBI
| $17.3M | 2.69% |
+351,230
| New | +$14.8M |
2015 Q1
0 quarters
|
|
|
15
Crown Castle
CCI
$34B
| $15.4M | 2.4% |
+186,919
| New | +$15.9M |
2015 Q1
0 quarters
|
|
16
DELISTED
Hologic
HOLX
| $14.9M | 2.32% |
+451,337
| New | +$13.9M |
2015 Q1
0 quarters
|
|
17
DELISTED
Esperion Therapeutics
ESPR
| $14.7M | 2.28% |
+158,480
| New | +$10.2M |
2015 Q1
0 quarters
|
|
|
18
MGM Resorts International
MGM
$7.42B
| $14.2M | 2.21% |
+676,252
| New | +$14.2M |
2015 Q1
0 quarters
|
|
19
Teva Pharmaceutical Industries Limited
TEVA
$47.9B
| $14.2M | 2.21% |
+227,601
| New | +$13.2M |
2015 Q1
0 quarters
|
|
|
XLRN
20
DELISTED
Acceleron Pharma
XLRN
| $13.8M | 2.15% |
363,136
+25,054
| +7% | +$996K |
2014 Q4
1 quarter
|
|
|
ICPT
21
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $13.8M | 2.15% |
+48,934
| New | +$10.6M |
2015 Q1
0 quarters
|
|
22
United Airlines
UAL
$32.9B
| $13.8M | 2.15% |
205,148
+6,164
| +3% | +$418K |
2014 Q4
1 quarter
|
|
23
Bank of New York Mellon
BNY
$96.4B
| $13.3M | 2.08% |
+331,536
| New | +$12.9M |
2015 Q1
0 quarters
|
|
24
Lowe's Companies
LOW
$110B
| $13.3M | 2.07% |
+178,515
| New | +$12.8M |
2015 Q1
0 quarters
|
|
25
General Motors
GM
$73.4B
| $12.8M | 2% |
342,233
+100,157
| +41% | +$3.64M |
2014 Q4
1 quarter
|
|
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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.