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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 | |
|---|---|---|---|---|---|---|
|
151
Fortune Brands Innovations
FBIN
$5.97B
| – | – |
-318,809
| Closed | -$22.9M |
|
|
FISV
152
Fiserv Inc
FISV
$28B
| – | – |
-2,600
| Closed | -$328K |
|
153
Fluence Energy
FLNC
$2.42B
| – | – |
-162,854
| Closed | -$4.34M |
|
154
Cedar Fair
FUN
$1.63B
| – | – |
-96,974
| Closed | -$3.88M |
|
155
Genpact
G
$5.71B
| – | – |
-327,041
| Closed | -$12.3M |
|
|
GRSD
156
Grandstand Limited Ordinary Shares
GRSD
$66.6M
| – | – |
-14,411
| Closed | -$148K |
|
|
GDEN
157
DELISTED
Golden Entertainment
GDEN
| – | – |
-140,060
| Closed | -$5.85M |
|
158
Genesis Energy
GEL
$1.89B
| – | – |
-268,708
| Closed | -$2.57M |
|
159
The GEO Group
GEO
$4.18B
| – | – |
-2,354,678
| Closed | -$16.9M |
|
160
Gentex
GNTX
$5.04B
| – | – |
-244,984
| Closed | -$7.17M |
|
|
HDSN
161
Hudson Technologies
HDSN
$233M
| – | – |
-435,936
| Closed | -$4.19M |
|
162
Herc Holdings
HRI
$5.72B
| – | – |
-93,727
| Closed | -$12.8M |
|
163
Ichor Holdings
ICHR
$2.53B
| – | – |
-146,633
| Closed | -$5.5M |
|
164
Idexx Laboratories
IDXX
$46.2B
| – | – |
-2,600
| Closed | -$1.31M |
|
165
Iridium Communications
IRDM
$5.23B
| – | – |
-237,803
| Closed | -$14.8M |
|
166
Keysight
KEYS
$58.7B
| – | – |
-15,000
| Closed | -$2.51M |
|
167
PUT
Korn Ferry
KFY
$4.25B
| – | – |
-100,000
| Closed | -$4.95M |
|
168
Lands' End
LE
$402M
| – | – |
-78,583
| Closed | -$610K |
|
169
Lennar Class A
LEN
$21.1B
| – | – |
-54,981
| Closed | -$6.67M |
|
|
170
Lantheus
LNTH
$6.57B
| – | – |
-269,182
| Closed | -$22.6M |
|
|
LOVE
171
LoveSac
LOVE
$258M
| – | – |
-557,205
| Closed | -$15M |
|
|
LPRO
172
DELISTED
Open Lending Corp
LPRO
| – | – |
-10,251
| Closed | -$108K |
|
173
Masco
MAS
$15B
| – | – |
-80,000
| Closed | -$4.59M |
|
174
McGrath RentCorp
MGRC
$2.95B
| – | – |
-40,000
| Closed | -$3.7M |
|
175
Martin Marietta Materials
MLM
$33.3B
| – | – |
-34,000
| Closed | -$15.7M |
|
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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.