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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
-11.62%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$755M
AUM Growth
-$41.6M
(-5.2%)
Cap. Flow
+$112M
Cap. Flow
% of AUM
14.78%
Top 10 Holdings %
Top 10 Hldgs %
25.54%
Holding
238
New
106
Increased
20
Reduced
24
Closed
83
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMN Healthcare
AMN
|
+$26.1M |
| 2 |
Equinix
EQIX
|
+$23.2M |
| 3 |
Kraft Heinz
KHC
|
+$23.1M |
| 4 |
8x8 Inc
EGHT
|
+$19.3M |
| 5 |
SWCH
Switch, Inc. Class A Common Stock
SWCH
|
+$17.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RDFN
Redfin
RDFN
|
+$23.4M |
| 2 |
Cedar Fair
FUN
|
+$23.4M |
| 3 |
Enphase Energy
ENPH
|
+$19.2M |
| 4 |
Dine Brands
DIN
|
+$17.3M |
| 5 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.99% |
| 2 | Healthcare | 14.89% |
| 3 | Consumer Staples | 13.6% |
| 4 | Industrials | 10.05% |
| 5 | Real Estate | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Texas Pacific Land
TPL
$24.9B
| $470K | 0.06% |
+11,124
| New | +$814K |
|
|
HALL
152
DELISTED
Hallmark Financial Services, Inc.
HALL
| $404K | 0.05% |
10,000
-5,000
| -33% | -$677K |
|
153
CALL
Opko Health
OPK
$1.04B
| $237K | 0.03% |
176,600
-500,000
| -74% | -$783K |
|
154
Arbor Realty Trust
ABR
$1,000M
| $125K | 0.02% |
+25,518
| New | +$312K |
|
|
TELL
155
CALL
DELISTED
Tellurian Inc.
TELL
| $90K | 0.01% |
+100,000
| New | +$476K |
|
156
Applied Optoelectronics
AAOI
$11.8B
| – | – |
-100,000
| Closed | -$1.19M |
|
157
American Coastal Insurance
ACIC
$465M
| – | – |
-112,898
| Closed | -$1.42M |
|
158
PUT
ADT
ADT
$5.45B
| – | – |
-300,000
| Closed | -$2.38M |
|
159
Allegiant Air
ALGT
$2.42B
| – | – |
-54,588
| Closed | -$9.5M |
|
160
PUT
Appian
APPN
$2.47B
| – | – |
-50,000
| Closed | -$1.91M |
|
161
Axogen
AXGN
$2.62B
| – | – |
-258,003
| Closed | -$4.62M |
|
162
AXIS Capital
AXS
$7.33B
| – | – |
-149,365
| Closed | -$8.88M |
|
|
BLD
163
DELISTED
TopBuild
BLD
| – | – |
-24,833
| Closed | -$2.56M |
|
164
Builders FirstSource
BLDR
$8.06B
| – | – |
-181,239
| Closed | -$4.61M |
|
165
Boot Barn
BOOT
$4.98B
| – | – |
-293,695
| Closed | -$13.1M |
|
166
Commercial Metals
CMC
$8.02B
| – | – |
-128,411
| Closed | -$2.86M |
|
167
Compass Diversified
CODI
$921M
| – | – |
-70,200
| Closed | -$1.75M |
|
168
Commault Systems
CVLT
$5.76B
| – | – |
-160,000
| Closed | -$7.14M |
|
|
169
Dine Brands
DIN
$454M
| – | – |
-206,994
| Closed | -$17.3M |
|
170
Diamondrock Hospitality Co
DRH
$2.49B
| – | – |
-700,000
| Closed | -$7.76M |
|
|
171
Enphase Energy
ENPH
$5.63B
| – | – |
-736,560
| Closed | -$19.2M |
|
172
Enova International
ENVA
$6.46B
| – | – |
-50,000
| Closed | -$1.2M |
|
|
EXAS
173
PUT
DELISTED
Exact Sciences
EXAS
| – | – |
-62,000
| Closed | -$5.73M |
|
174
Diamondback Energy
FANG
$56B
| – | – |
-20,000
| Closed | -$1.86M |
|
175
Fastly Inc
FSLY
$4.64B
| – | – |
-118,773
| Closed | -$2.38M |
|
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Intrinsic Edge Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Intrinsic Edge Capital Management held 238 positions worth $755M, down 5.2% from $796M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Intrinsic Edge Capital Management deployed $112M of net new capital in Q1 2020, opening 106 new positions and adding to 20 existing holdings. Its largest new stake was AMN Healthcare: 381,322 shares worth $22M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Staples.
On the sell side, the largest reduction was Redfin, an estimated $23.4M trimmed.
- Intrinsic Edge Capital Management's largest Q1 2020 buy was AMN Healthcare: 381,322 shares worth $22M.
- Intrinsic Edge Capital Management added most to Berry Global Group, Inc. in Q1 2020, an estimated $16.2M increase.
- Intrinsic Edge Capital Management's biggest Q1 2020 reduction was Redfin, cutting an estimated $23.4M.
- Intrinsic Edge Capital Management fully exited Cedar Fair in Q1 2020, selling an estimated $23.4M.
- Intrinsic Edge Capital Management's ten largest holdings make up 26% of its $755M portfolio in Q1 2020.
- Intrinsic Edge Capital Management opened 106 new positions and closed 83 in Q1 2020.
- Intrinsic Edge Capital Management's portfolio value fell 5.2% quarter-over-quarter to $755M.
Based on Intrinsic Edge Capital Management's 13F filing for Q1 2020, filed 15 May 2020.