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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
+14.84%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$996M
AUM Growth
-$7.79M
(-0.78%)
Cap. Flow
-$32.8M
Cap. Flow
% of AUM
-3.3%
Top 10 Holdings %
Top 10 Hldgs %
19.86%
Holding
203
New
63
Increased
17
Reduced
43
Closed
64
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ScottsMiracle-Gro
SMG
|
+$30.1M |
| 2 |
Woodward
WWD
|
+$19.1M |
| 3 |
Wabash National
WNC
|
+$18.3M |
| 4 |
Zoom
ZM
|
+$17.7M |
| 5 |
Dave & Buster's
PLAY
|
+$15.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JNPR
Juniper Networks
JNPR
|
+$18.1M |
| 2 |
Blackbaud
BLKB
|
+$17.6M |
| 3 |
Ryman Hospitality Properties
RHP
|
+$15.7M |
| 4 |
RingCentral
RNG
|
+$14.5M |
| 5 |
EXL Service
EXLS
|
+$13.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.83% |
| 2 | Industrials | 20.62% |
| 3 | Consumer Discretionary | 14.06% |
| 4 | Healthcare | 11.17% |
| 5 | Consumer Staples | 7.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Innoviz Technologies
INVZ
$115M
| $1.03M | 0.1% |
293,580
-106,420
| -27% | -$472K |
|
127
OneSpaWorld
OSW
$2.64B
| $959K | 0.1% |
+80,000
| New | +$871K |
|
128
Credo Technology Group
CRDO
$46.2B
| $942K | 0.09% |
+100,000
| New | +$1.26M |
|
|
NSLR
129
Neostellar Capital Corp
NSLR
$282M
| $934K | 0.09% |
257,883
+157,883
| +158% | +$607K |
|
130
Opko Health
OPK
$1.04B
| $876K | 0.09% |
+600,000
| New | +$772K |
|
|
STKL
131
DELISTED
SunOpta
STKL
| $770K | 0.08% |
+100,000
| New | +$800K |
|
|
CASA
132
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $762K | 0.08% |
600,108
-53,643
| -8% | -$163K |
|
133
Full House Resorts
FLL
$86.8M
| $759K | 0.08% |
105,004
+11,124
| +12% | +$95.6K |
|
134
Inspired Entertainment
INSE
$164M
| $718K | 0.07% |
+56,128
| New | +$809K |
|
|
FISV
135
Fiserv Inc
FISV
$28B
| $294K | 0.03% |
2,600
| – | – |
|
|
SRAX
136
DELISTED
SRAX, Inc. Class A Common Stock
SRAX
| $221K | 0.02% |
380,566
-100,297
| -21% | -$189K |
|
137
Momentus
MNTS
$90.6M
| $117K | 0.01% |
16
| – | – |
|
|
CMPOW
138
DELISTED
CompoSecure Inc Warrant
CMPOW
| $23.7K | ﹤0.01% |
20,100
| – | – |
|
|
SBNY
139
DELISTED
Signature Bank
SBNY
| $12.8K | ﹤0.01% |
+70,000
| New | +$8.43M |
|
140
Asbury Automotive
ABG
$3.73B
| – | – |
-35,471
| Closed | -$6.36M |
|
141
Acadia Realty Trust
AKR
$2.83B
| – | – |
-50,000
| Closed | -$718K |
|
142
AMN Healthcare
AMN
$1.28B
| – | – |
-100,000
| Closed | -$10.3M |
|
143
ARK Innovation ETF
ARKK
$6.38B
| – | – |
-100,000
| Closed | -$3.12M |
|
|
BAND
144
Bandwidth Inc
BAND
$1.66B
| – | – |
-494,244
| Closed | -$11.3M |
|
145
VanEck BDC Income ETF
BIZD
$1.69B
| – | – |
-100,000
| Closed | -$1.42M |
|
|
146
Blackbaud
BLKB
$2.06B
| – | – |
-298,928
| Closed | -$17.6M |
|
147
Conagra Brands
CAG
$7.14B
| – | – |
-110,000
| Closed | -$4.26M |
|
148
Caleres
CAL
$475M
| – | – |
-190,051
| Closed | -$4.23M |
|
149
PUT
Avis
CAR
$4.97B
| – | – |
-20,000
| Closed | -$3.28M |
|
150
PUT
COPT Defense Properties
CDP
$4.13B
| – | – |
-100,000
| Closed | -$2.59M |
|
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Intrinsic Edge Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Intrinsic Edge Capital Management held 203 positions worth $996M, down 0.78% from $1B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Intrinsic Edge Capital Management withdrew a net $32.8M in Q1 2023, closing 64 positions and reducing 43 holdings. Its most notable exit was Juniper Networks, an estimated $18.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 29% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Intrinsic Edge Capital Management opened a new position in ScottsMiracle-Gro worth $29.1M.
- Intrinsic Edge Capital Management's largest Q1 2023 buy was ScottsMiracle-Gro: 417,847 shares worth $29.1M.
- Intrinsic Edge Capital Management added most to TransDigm Group in Q1 2023, an estimated $10.7M increase.
- Intrinsic Edge Capital Management's biggest Q1 2023 reduction was Ryman Hospitality Properties, cutting an estimated $15.7M.
- Intrinsic Edge Capital Management fully exited Juniper Networks in Q1 2023, selling an estimated $18.1M.
- Intrinsic Edge Capital Management's ten largest holdings make up 20% of its $996M portfolio in Q1 2023.
- Intrinsic Edge Capital Management opened 63 new positions and closed 64 in Q1 2023.
- Intrinsic Edge Capital Management's portfolio value fell 0.78% quarter-over-quarter to $996M.
Based on Intrinsic Edge Capital Management's 13F filing for Q1 2023, filed 15 May 2023.