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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
+9.13%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$624M
AUM Growth
-$226M
(-27%)
Cap. Flow
-$264M
Cap. Flow
% of AUM
-42.32%
Top 10 Holdings %
Top 10 Hldgs %
24.24%
Holding
207
New
64
Increased
28
Reduced
42
Closed
66
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MasTec
MTZ
|
+$23M |
| 2 |
EXPR
Express, Inc.
EXPR
|
+$16.1M |
| 3 |
WW
WW International
WW
|
+$13.1M |
| 4 |
Ryder
R
|
+$11.5M |
| 5 |
Trimble
TRMB
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Werner Enterprises
WERN
|
+$17.4M |
| 2 |
Euronet Worldwide
EEFT
|
+$16.4M |
| 3 |
FIVE9
FIVN
|
+$15.6M |
| 4 |
Target
TGT
|
+$15.1M |
| 5 |
Tetra Tech
TTEK
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 33.41% |
| 2 | Technology | 24.48% |
| 3 | Consumer Discretionary | 20.68% |
| 4 | Energy | 8.86% |
| 5 | Communication Services | 2.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
MasTec
MTZ
$26.6B
| $28.2M | 4.51% |
630,838
+497,767
| +374% | +$23M |
|
|
ECHO
2
DELISTED
Echo Global Logistics, Inc.
ECHO
| $19M | 3.04% |
614,187
-50,380
| -8% | -$1.64M |
|
|
EXPR
3
DELISTED
Express, Inc.
EXPR
| $17.4M | 2.79% |
+78,854
| New | +$16.1M |
|
4
QuinStreet
QNST
$892M
| $15.1M | 2.42% |
1,114,303
+586,817
| +111% | +$8.31M |
|
|
WW
5
DELISTED
WW International
WW
| $15M | 2.41% |
208,823
+161,523
| +341% | +$13.1M |
|
|
6
Trimble
TRMB
$13B
| $12.7M | 2.03% |
+291,914
| New | +$11.4M |
|
7
Designer Brands
DBI
$298M
| $11.3M | 1.8% |
+332,304
| New | +$9.71M |
|
|
GMS
8
DELISTED
GMS Inc
GMS
| $11.1M | 1.78% |
479,416
+449,416
| +1,498% | +$11.4M |
|
|
9
Ryder
R
$10.3B
| $11M | 1.77% |
+150,966
| New | +$11.5M |
|
|
WNS
10
DELISTED
WNS Holdings
WNS
| $10.5M | 1.68% |
206,196
+37,983
| +23% | +$1.94M |
|
11
Comtech Telecommunications
CMTL
$54.8M
| $9.91M | 1.59% |
273,183
| – | – |
|
12
Enviri
NVRI
$621M
| $9.43M | 1.51% |
+330,295
| New | +$8.55M |
|
13
Caesars Entertainment
CZR
$6.1B
| $9.1M | 1.46% |
187,260
+68,832
| +58% | +$3.12M |
|
14
FTAI Aviation
FTAI
$22B
| $8.9M | 1.43% |
573,229
+93,680
| +20% | +$1.48M |
|
|
MANT
15
DELISTED
Mantech International Corp
MANT
| $8.79M | 1.41% |
138,840
-106,078
| -43% | -$6.61M |
|
|
TRHC
16
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $8.53M | 1.37% |
105,000
+10,000
| +11% | +$732K |
|
17
United Parks & Resorts
PRKS
$2.12B
| $8.11M | 1.3% |
258,116
-184,446
| -42% | -$4.81M |
|
18
Boot Barn
BOOT
$4.71B
| $7.94M | 1.27% |
279,386
-10,313
| -4% | -$272K |
|
|
AM
19
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $7.89M | 1.26% |
275,190
| – | – |
|
|
CVRR
20
DELISTED
CVR Refining, LP
CVRR
| $7.88M | 1.26% |
400,119
-29,800
| -7% | -$631K |
|
21
United Parcel Service
UPS
$96B
| $7.65M | 1.23% |
+65,530
| New | +$7.71M |
|
22
Varonis Systems
VRNS
$5.36B
| $7.61M | 1.22% |
311,481
-249,981
| -45% | -$6.07M |
|
23
Radware
RDWR
$1.23B
| $7.54M | 1.21% |
+284,676
| New | +$7.64M |
|
24
Kratos Defense & Security Solutions
KTOS
$9.27B
| $7.47M | 1.2% |
+505,382
| New | +$6.68M |
|
25
Pegasystems
PEGA
$4.7B
| $7.44M | 1.19% |
+237,700
| New | +$7.19M |
|
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Intrinsic Edge Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Intrinsic Edge Capital Management held 207 positions worth $624M, down 27% from $851M the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Intrinsic Edge Capital Management withdrew a net $264M in Q3 2018, closing 66 positions and reducing 42 holdings. Its most notable exit was Werner Enterprises, an estimated $17.4M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 33% of assets, down from 38% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Intrinsic Edge Capital Management opened a new position in Express, Inc. worth $17.4M.
- Intrinsic Edge Capital Management's largest Q3 2018 buy was Express, Inc.: 78,854 shares worth $17.4M.
- Intrinsic Edge Capital Management added most to MasTec in Q3 2018, an estimated $23M increase.
- Intrinsic Edge Capital Management's biggest Q3 2018 reduction was FIVE9, cutting an estimated $15.6M.
- Intrinsic Edge Capital Management fully exited Werner Enterprises in Q3 2018, selling an estimated $17.4M.
- Intrinsic Edge Capital Management's ten largest holdings make up 24% of its $624M portfolio in Q3 2018.
- Intrinsic Edge Capital Management opened 64 new positions and closed 66 in Q3 2018.
- Intrinsic Edge Capital Management's portfolio value fell 27% quarter-over-quarter to $624M.
Based on Intrinsic Edge Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.