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ICM
Invenomic Capital Management Portfolio holdings
AUM
$2.18B
1-Year Est. Return
0.03%
This Fund
S&P 500
This Quarter
Est. Return
+14.24%
1 Year Est. Return
+0.03%
3 Year Est. Return
-6.37%
5 Year Est. Return
-25.27%
10 Year Est. Return
–
AUM
$2.19B
AUM Growth
-$189M
(-7.9%)
Cap. Flow
-$471M
Cap. Flow
% of AUM
-21.5%
Top 10 Holdings %
Top 10 Hldgs %
25.76%
Holding
204
New
59
Increased
25
Reduced
88
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SolarEdge
SEDG
|
+$41.5M |
| 2 |
Illumina
ILMN
|
+$40.9M |
| 3 |
QuidelOrtho
QDEL
|
+$34.1M |
| 4 |
CIVI
Civitas Resources
CIVI
|
+$18.5M |
| 5 |
FMC
FMC
|
+$17.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$245M |
| 2 |
Apple
AAPL
|
+$85.6M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$56.2M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$40.7M |
| 5 |
Corpay
CPAY
|
+$40.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.91% |
| 2 | Consumer Discretionary | 12.94% |
| 3 | Healthcare | 12.41% |
| 4 | Communication Services | 8.9% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Frontdoor
FTDR
$6.26B
| $24M | 1.1% |
681,835
-267,871
| -28% | -$8.91M |
|
27
Ovintiv
OVV
$16.4B
| $23.9M | 1.09% |
544,718
+239,610
| +79% | +$10.9M |
|
28
IPG Photonics
IPGP
$3.84B
| $23.6M | 1.07% |
216,978
+119,900
| +124% | +$11.6M |
|
29
Shutterstock
SSTK
$219M
| $21.9M | 1% |
454,136
-67,756
| -13% | -$2.86M |
|
|
DOCU
30
DocuSign
DOCU
$11.5B
| $21.3M | 0.97% |
+358,881
| New | +$16.5M |
|
31
Etsy
ETSY
$7.85B
| $20.8M | 0.95% |
257,162
+69,464
| +37% | +$4.97M |
|
32
Cousins Properties
CUZ
$4.88B
| $19.7M | 0.9% |
808,096
+98,333
| +14% | +$2.01M |
|
33
Warner Bros
WBD
$67.1B
| $19.6M | 0.89% |
1,723,094
-1,152,698
| -40% | -$12.4M |
|
34
Macy's
M
$6.68B
| $19.4M | 0.88% |
+962,810
| New | +$13.9M |
|
35
Kinross Gold
KGC
$32.8B
| $19.2M | 0.88% |
3,177,584
-2,375,856
| -43% | -$13M |
|
|
36
FMC
FMC
$1.33B
| $18.8M | 0.86% |
+298,417
| New | +$17.3M |
|
37
Global Payments
GPN
$22.8B
| $18.5M | 0.84% |
145,825
-105,746
| -42% | -$12.2M |
|
38
CoreCivic
CXW
$3.19B
| $18.4M | 0.84% |
1,263,838
-198,808
| -14% | -$2.63M |
|
|
CIVI
39
DELISTED
Civitas Resources
CIVI
| $17.6M | 0.81% |
+258,083
| New | +$18.5M |
|
40
Eldorado Gold
EGO
$9.89B
| $17.6M | 0.8% |
1,357,062
-932,672
| -41% | -$10.5M |
|
41
Sensata Technologies
ST
$6.79B
| $17.3M | 0.79% |
459,936
+141,936
| +45% | +$4.91M |
|
42
3M
MMM
$94.3B
| $16.9M | 0.77% |
185,375
+37,096
| +25% | +$2.98M |
|
|
PINC
43
DELISTED
Premier
PINC
| $16.7M | 0.76% |
746,306
-351,183
| -32% | -$7.26M |
|
44
Nomad Foods
NOMD
$1.68B
| $16.4M | 0.75% |
966,685
-357,777
| -27% | -$5.54M |
|
45
Murphy Oil
MUR
$4.78B
| $16.3M | 0.75% |
+383,251
| New | +$16.8M |
|
|
SWN
46
DELISTED
Southwestern Energy Company
SWN
| $16.1M | 0.73% |
2,455,264
+19,222
| +0.8% | +$128K |
|
|
FL
47
DELISTED
Foot Locker
FL
| $15.2M | 0.69% |
487,722
-466,519
| -49% | -$11.3M |
|
48
Lazard
LAZ
$4.31B
| $15.1M | 0.69% |
435,298
-181,683
| -29% | -$5.47M |
|
|
SMAR
49
DELISTED
Smartsheet Inc.
SMAR
| $15.1M | 0.69% |
315,930
-228,947
| -42% | -$9.76M |
|
50
Under Armour Class C
UA
$2.53B
| $14.8M | 0.68% |
1,774,846
-854,656
| -33% | -$6.18M |
|
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Invenomic Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Invenomic Capital Management held 204 positions worth $2.19B, down 7.9% from $2.38B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Invenomic Capital Management withdrew a net $471M in Q4 2023, closing 32 positions and reducing 88 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $245M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 23% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Invenomic Capital Management opened a new position in SolarEdge worth $42.6M.
- Invenomic Capital Management's largest Q4 2023 buy was SolarEdge: 455,600 shares worth $42.6M.
- Invenomic Capital Management added most to IPG Photonics in Q4 2023, an estimated $11.6M increase.
- Invenomic Capital Management's biggest Q4 2023 reduction was Corpay, cutting an estimated $40.2M.
- Invenomic Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q4 2023, selling an estimated $245M.
- Invenomic Capital Management's ten largest holdings make up 26% of its $2.19B portfolio in Q4 2023.
- Invenomic Capital Management opened 59 new positions and closed 32 in Q4 2023.
- Invenomic Capital Management's portfolio value fell 7.9% quarter-over-quarter to $2.19B.
Based on Invenomic Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.