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IECM
Intrinsic Edge Capital Management Portfolio holdings
AUM
$603M
1-Year Est. Return
66.97%
This Fund
S&P 500
This Quarter
Est. Return
-0.45%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$887M
AUM Growth
-$506M
(-36%)
Cap. Flow
-$477M
Cap. Flow
% of AUM
-53.76%
Top 10 Holdings %
Top 10 Hldgs %
27.25%
Holding
215
New
49
Increased
25
Reduced
36
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booz Allen Hamilton
BAH
|
+$23M |
| 2 |
ON Semiconductor
ON
|
+$20.5M |
| 3 |
Tetra Tech
TTEK
|
+$20.2M |
| 4 |
JKS
JinkoSolar
JKS
|
+$15.2M |
| 5 |
Calix
CALX
|
+$14.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zimmer Biomet
ZBH
|
+$26.6M |
| 2 |
Fortune Brands Innovations
FBIN
|
+$22.9M |
| 3 |
Lantheus
LNTH
|
+$22.6M |
| 4 |
AMN Healthcare
AMN
|
+$21.6M |
| 5 |
Petco
WOOF
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.07% |
| 2 | Industrials | 20.53% |
| 3 | Healthcare | 11.97% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Consumer Staples | 8.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Ligand Pharmaceuticals
LGND
$5.76B
| $1.49M | 0.17% |
+24,900
| New | +$1.64M |
|
102
Opko Health
OPK
$1.04B
| $1.44M | 0.16% |
900,000
| – | – |
|
103
MarineMax
HZO
$1.16B
| $1.42M | 0.16% |
+43,383
| New | +$1.51M |
|
104
Marten Transport
MRTN
$1.19B
| $1.23M | 0.14% |
62,491
-88,022
| -58% | -$1.86M |
|
105
PUT
GXO Logistics
GXO
$5.37B
| $1.17M | 0.13% |
+20,000
| New | +$1.25M |
|
106
Aviat Networks
AVNW
$272M
| $1.16M | 0.13% |
+37,100
| New | +$1.17M |
|
|
AMWD
107
DELISTED
American Woodmark
AMWD
| $1.03M | 0.12% |
+13,664
| New | +$1.03M |
|
108
Hovnanian Enterprises
HOV
$804M
| $1.02M | 0.11% |
+10,000
| New | +$1.05M |
|
109
CONMED
CNMD
$1.48B
| $1.01M | 0.11% |
+10,000
| New | +$1.15M |
|
110
Innoviz Technologies
INVZ
$114M
| $975K | 0.11% |
+500,000
| New | +$1.34M |
|
|
NPKI
111
NPK International
NPKI
$1.18B
| $958K | 0.11% |
+138,650
| New | +$794K |
|
112
Gibraltar Industries
ROCK
$1.48B
| $850K | 0.1% |
+12,598
| New | +$862K |
|
|
AGS
113
DELISTED
PlayAGS
AGS
| $661K | 0.07% |
101,413
-610,775
| -86% | -$4.08M |
|
114
CleanSpark
CLSK
$2.95B
| $572K | 0.06% |
150,000
+50,000
| +50% | +$264K |
|
115
Enphase Energy
ENPH
$5.59B
| $481K | 0.05% |
4,000
+1,300
| +48% | +$185K |
|
|
116
CALL
Opko Health
OPK
$1.04B
| $480K | 0.05% |
+300,000
| New | +$546K |
|
117
Sunrun
RUN
$2.41B
| $465K | 0.05% |
+37,000
| New | +$608K |
|
118
CALL
Zeta Global
ZETA
$7.32B
| $422K | 0.05% |
+50,500
| New | +$417K |
|
|
DQ
119
Daqo New Energy
DQ
$984M
| $394K | 0.04% |
13,000
+1,500
| +13% | +$53.5K |
|
|
NOVA
120
DELISTED
Sunnova Energy
NOVA
| $387K | 0.04% |
+37,000
| New | +$578K |
|
121
Canadian Solar
CSIQ
$1.08B
| $369K | 0.04% |
15,000
+3,000
| +25% | +$94.9K |
|
122
Blackbaud
BLKB
$2.06B
| $367K | 0.04% |
5,218
-45,122
| -90% | -$3.32M |
|
123
SolarEdge
SEDG
$2.05B
| $350K | 0.04% |
2,700
+900
| +50% | +$173K |
|
124
Tigo Energy
TYGO
$96M
| $315K | 0.04% |
+45,000
| New | +$665K |
|
|
MTTR
125
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $107K | 0.01% |
49,300
-1,550,700
| -97% | -$4.35M |
|
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Intrinsic Edge Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Intrinsic Edge Capital Management held 215 positions worth $887M, down 36% from $1.39B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Intrinsic Edge Capital Management withdrew a net $477M in Q3 2023, closing 88 positions and reducing 36 holdings. Its most notable exit was Zimmer Biomet, an estimated $26.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Intrinsic Edge Capital Management opened a new position in Booz Allen Hamilton worth $21.9M.
- Intrinsic Edge Capital Management's largest Q3 2023 buy was Booz Allen Hamilton: 200,126 shares worth $21.9M.
- Intrinsic Edge Capital Management added most to JinkoSolar in Q3 2023, an estimated $15.2M increase.
- Intrinsic Edge Capital Management's biggest Q3 2023 reduction was Woodward, cutting an estimated $20.9M.
- Intrinsic Edge Capital Management fully exited Zimmer Biomet in Q3 2023, selling an estimated $26.6M.
- Intrinsic Edge Capital Management's ten largest holdings make up 27% of its $887M portfolio in Q3 2023.
- Intrinsic Edge Capital Management opened 49 new positions and closed 88 in Q3 2023.
- Intrinsic Edge Capital Management's portfolio value fell 36% quarter-over-quarter to $887M.
Based on Intrinsic Edge Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.