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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 | |
|---|---|---|---|---|---|---|
176
Popular Inc
BPOP
$11.1B
| – | – |
-345,588
| Closed | -$21.8M |
|
177
B2Gold
BTG
$6.68B
| – | – |
-5,859,005
| Closed | -$16.8M |
|
178
Charter Communications
CHTR
$18.3B
| – | – |
-26,442
| Closed | -$11.6M |
|
179
Centene
CNC
$32.9B
| – | – |
-352,421
| Closed | -$24.3M |
|
180
Concentrix
CNXC
$1.56B
| – | – |
-53,528
| Closed | -$4.29M |
|
181
Capital One
COF
$134B
| – | – |
-38,512
| Closed | -$3.74M |
|
182
Dropbox
DBX
$8.07B
| – | – |
-533,844
| Closed | -$14.5M |
|
183
Enphase Energy
ENPH
$5.41B
| – | – |
-41,023
| Closed | -$4.93M |
|
184
Expensify
EXFY
$225M
| – | – |
-1,373,584
| Closed | -$4.46M |
|
185
Exelixis
EXEL
$13.1B
| – | – |
-526,458
| Closed | -$11.5M |
|
|
FONR
186
DELISTED
Fonar
FONR
| – | – |
-121,547
| Closed | -$1.87M |
|
187
Cedar Fair
FUN
$1.62B
| – | – |
-210,285
| Closed | -$7.78M |
|
188
Gen Digital
GEN
$17.5B
| – | – |
-399,065
| Closed | -$7.06M |
|
|
189
Alphabet (Google) Class C
GOOG
$4.35T
| – | – |
-300,000
| Closed | -$40.7M |
|
190
Hamilton Beach Brands
HBB
$444M
| – | – |
-204,127
| Closed | -$2.53M |
|
191
Inogen
INGN
$163M
| – | – |
-339,843
| Closed | -$1.77M |
|
192
Kilroy Realty
KRC
$4.32B
| – | – |
-114,950
| Closed | -$3.63M |
|
193
Snap
SNAP
$9.05B
| – | – |
-540,539
| Closed | -$4.82M |
|
194
Suburban Propane Partners
SPH
$1.17B
| – | – |
-248,635
| Closed | -$3.99M |
|
|
195
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| – | – |
-550,000
| Closed | -$245M |
|
196
TaskUs
TASK
$651M
| – | – |
-307,756
| Closed | -$3.19M |
|
197
Telephone and Data Systems
TDS
$3.84B
| – | – |
-1,224,374
| Closed | -$22.4M |
|
|
TPIC
198
DELISTED
TPI Composites
TPIC
| – | – |
-481,222
| Closed | -$1.28M |
|
199
Vermilion Energy
VET
$1.75B
| – | – |
-1,205,911
| Closed | -$17.6M |
|
200
Vontier
VNT
$4.63B
| – | – |
-480,895
| Closed | -$14.9M |
|
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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.