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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
+7.91%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$916M
AUM Growth
-$365M
(-28%)
Cap. Flow
-$395M
Cap. Flow
% of AUM
-43.07%
Top 10 Holdings %
Top 10 Hldgs %
21.22%
Holding
214
New
58
Increased
26
Reduced
44
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Asbury Automotive
ABG
|
+$20.8M |
| 2 |
JNPR
Juniper Networks
JNPR
|
+$18.6M |
| 3 |
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
|
+$18.5M |
| 4 |
EFOR
Everforth Inc
EFOR
|
+$18.4M |
| 5 |
Sprout Social
SPT
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RPM International
RPM
|
+$28.2M |
| 2 |
Enphase Energy
ENPH
|
+$25.1M |
| 3 |
Lantheus
LNTH
|
+$16.4M |
| 4 |
Clean Harbors
CLH
|
+$15.9M |
| 5 |
Champion Homes
SKY
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.96% |
| 2 | Industrials | 24.41% |
| 3 | Consumer Discretionary | 15.55% |
| 4 | Healthcare | 8.25% |
| 5 | Real Estate | 5.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CoreCivic
CXW
$3.35B
| – | – |
-235,472
| Closed | -$2.62M |
|
152
Deere & Co
DE
$167B
| – | – |
-20,000
| Closed | -$5.99M |
|
153
Euronet Worldwide
EEFT
$2.64B
| – | – |
-116,048
| Closed | -$11.7M |
|
154
Establishment Labs
ESTA
$2.21B
| – | – |
-160,607
| Closed | -$8.73M |
|
155
EverQuote
EVER
$884M
| – | – |
-200,000
| Closed | -$1.77M |
|
156
Fox Factory Holding Corp
FOXF
$905M
| – | – |
-93,044
| Closed | -$7.49M |
|
157
Freshpet
FRPT
$3.45B
| – | – |
-237,506
| Closed | -$12.3M |
|
158
Cedar Fair
FUN
$1.63B
| – | – |
-156,000
| Closed | -$6.85M |
|
159
Genpact
G
$5.71B
| – | – |
-315,000
| Closed | -$13.3M |
|
|
GMS
160
DELISTED
GMS Inc
GMS
| – | – |
-56,573
| Closed | -$2.52M |
|
161
Generac Holdings
GNRC
$12.7B
| – | – |
-50,000
| Closed | -$10.5M |
|
162
Global Payments
GPN
$22.7B
| – | – |
-14,348
| Closed | -$1.59M |
|
163
Green Plains
GPRE
$1.09B
| – | – |
-120,000
| Closed | -$3.26M |
|
164
Green Brick Partners
GRBK
$3.08B
| – | – |
-37,415
| Closed | -$732K |
|
|
GTLS
165
DELISTED
Chart Industries
GTLS
| – | – |
-25,000
| Closed | -$4.18M |
|
166
Guidewire Software
GWRE
$14.7B
| – | – |
-50,000
| Closed | -$3.55M |
|
167
Hovnanian Enterprises
HOV
$805M
| – | – |
-80,000
| Closed | -$3.42M |
|
168
PUT
Hewlett Packard
HPE
$72B
| – | – |
-500,000
| Closed | -$6.63M |
|
169
HealthEquity
HQY
$8.83B
| – | – |
-200,274
| Closed | -$12.3M |
|
170
Herc Holdings
HRI
$5.72B
| – | – |
-40,774
| Closed | -$3.68M |
|
171
IDEX
IEX
$17.5B
| – | – |
-69,500
| Closed | -$12.6M |
|
172
Illumina
ILMN
$29.1B
| – | – |
-10,280
| Closed | -$1.84M |
|
173
iShares MSCI India ETF
INDA
$6.6B
| – | – |
-50,000
| Closed | -$1.97M |
|
174
Inspired Entertainment
INSE
$164M
| – | – |
-258,075
| Closed | -$2.22M |
|
175
PUT
iShares Russell 2000 ETF
IWM
$81.8B
| – | – |
-800,000
| Closed | -$135M |
|
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Intrinsic Edge Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Intrinsic Edge Capital Management held 214 positions worth $916M, down 28% from $1.28B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Intrinsic Edge Capital Management withdrew a net $395M in Q3 2022, closing 77 positions and reducing 44 holdings. Its most notable exit was Clean Harbors, an estimated $15.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Intrinsic Edge Capital Management opened a new position in Asbury Automotive worth $18.4M.
- Intrinsic Edge Capital Management's largest Q3 2022 buy was Asbury Automotive: 121,829 shares worth $18.4M.
- Intrinsic Edge Capital Management added most to Evoqua Water Technologies Corp. Common Stock in Q3 2022, an estimated $18.5M increase.
- Intrinsic Edge Capital Management's biggest Q3 2022 reduction was RPM International, cutting an estimated $28.2M.
- Intrinsic Edge Capital Management fully exited Clean Harbors in Q3 2022, selling an estimated $15.9M.
- Intrinsic Edge Capital Management's ten largest holdings make up 21% of its $916M portfolio in Q3 2022.
- Intrinsic Edge Capital Management opened 58 new positions and closed 77 in Q3 2022.
- Intrinsic Edge Capital Management's portfolio value fell 28% quarter-over-quarter to $916M.
Based on Intrinsic Edge Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.