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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 | |
|---|---|---|---|---|---|---|
176
Motorola Solutions
MSI
$77.3B
| – | – |
-71,348
| Closed | -$20.9M |
|
177
Matrix Service
MTRX
$330M
| – | – |
-252,161
| Closed | -$1.49M |
|
178
Nice
NICE
$5.95B
| – | – |
-52,544
| Closed | -$10.9M |
|
179
Annaly Capital Management
NLY
$17.4B
| – | – |
-300,000
| Closed | -$6M |
|
180
Napco Security Technologies
NSSC
$1.42B
| – | – |
-199,280
| Closed | -$6.91M |
|
181
Enviri
NVRI
$566M
| – | – |
-81,470
| Closed | -$804K |
|
182
OneSpaWorld
OSW
$2.64B
| – | – |
-345,608
| Closed | -$4.18M |
|
183
Otis Worldwide
OTIS
$27.8B
| – | – |
-40,000
| Closed | -$3.56M |
|
184
Parker-Hannifin
PH
$134B
| – | – |
-30,000
| Closed | -$11.7M |
|
185
PRA Group
PRAA
$706M
| – | – |
-50,000
| Closed | -$1.14M |
|
186
RadNet
RDNT
$6B
| – | – |
-303,100
| Closed | -$9.89M |
|
187
Ryman Hospitality Properties
RHP
$7.7B
| – | – |
-192,248
| Closed | -$17.9M |
|
188
Rocket Lab Corp
RKLB
$50B
| – | – |
-655,226
| Closed | -$3.93M |
|
189
RLI Corp
RLI
$5.87B
| – | – |
-40,000
| Closed | -$2.73M |
|
190
Sally Beauty Holdings
SBH
$1.58B
| – | – |
-974,473
| Closed | -$12M |
|
191
Surgery Partners
SGRY
$1.96B
| – | – |
-100,000
| Closed | -$4.5M |
|
192
Sherwin-Williams
SHW
$88.5B
| – | – |
-50,397
| Closed | -$13.4M |
|
|
SNCY
193
DELISTED
Sun Country Airlines
SNCY
| – | – |
-172,638
| Closed | -$3.88M |
|
194
Sprout Social
SPT
$600M
| – | – |
-439,014
| Closed | -$20.3M |
|
|
STKL
195
DELISTED
SunOpta
STKL
| – | – |
-483,572
| Closed | -$3.24M |
|
196
Terex
TEX
$7.74B
| – | – |
-50,000
| Closed | -$2.99M |
|
197
Tecnoglass Holdings Inc.
TGLS
$1.9B
| – | – |
-139,990
| Closed | -$7.23M |
|
|
THS
198
DELISTED
Treehouse Foods
THS
| – | – |
-85,078
| Closed | -$4.29M |
|
199
Treace Medical Concepts
TMCI
$308M
| – | – |
-354,585
| Closed | -$9.07M |
|
200
Frontier Group Holdings
ULCC
$1.59B
| – | – |
-650,000
| Closed | -$6.29M |
|
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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.