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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 | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$445B
| $81.9M | 3.74% |
+200,000
| New | +$75.9M |
|
2
PUT
iShares US Home Construction ETF
ITB
$2.41B
| $76.3M | 3.48% |
+750,000
| New | +$63.7M |
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $71.3M | 3.25% |
+150,000
| New | +$66.8M |
|
4
Viatris
VTRS
$20.8B
| $63M | 2.87% |
5,812,880
-1,139,765
| -16% | -$10.9M |
|
5
SS&C Technologies
SSNC
$18.8B
| $48.1M | 2.19% |
786,755
-181,960
| -19% | -$9.94M |
|
|
6
Illumina
ILMN
$29.2B
| $48M | 2.19% |
+354,657
| New | +$40.9M |
|
7
Clarivate
CLVT
$1.53B
| $45.9M | 2.09% |
4,958,488
-2,527,756
| -34% | -$18.7M |
|
8
Chord Energy
CHRD
$7.25B
| $45.2M | 2.06% |
272,128
-8,007
| -3% | -$1.31M |
|
|
9
SolarEdge
SEDG
$2.44B
| $42.6M | 1.95% |
+455,600
| New | +$41.5M |
|
|
10
CALL
Alphabet (Google) Class C
GOOG
$4.07T
| $42.3M | 1.93% |
+300,000
| New | +$40.7M |
|
11
Zoom
ZM
$26.8B
| $41.8M | 1.91% |
580,721
-133,742
| -19% | -$8.84M |
|
12
AT&T
T
$169B
| $41.3M | 1.88% |
2,459,909
-1,107,052
| -31% | -$17.5M |
|
13
PUT
iShares Russell 2000 ETF
IWM
$80.4B
| $40.1M | 1.83% |
+200,000
| New | +$35.8M |
|
14
WEX
WEX
$6.23B
| $38.5M | 1.76% |
197,851
-87,672
| -31% | -$15.9M |
|
|
15
QuidelOrtho
QDEL
$1.14B
| $37.1M | 1.69% |
+503,991
| New | +$34.1M |
|
16
Comcast
CMCSA
$85.8B
| $36.9M | 1.68% |
842,194
-251,471
| -23% | -$10.8M |
|
|
UDMY
17
DELISTED
Udemy
UDMY
| $32.9M | 1.5% |
2,234,835
+116,432
| +5% | +$1.45M |
|
18
Eversource Energy
ES
$28.4B
| $30.4M | 1.39% |
493,340
-150,793
| -23% | -$8.69M |
|
19
Lyft
LYFT
$5.87B
| $29.7M | 1.36% |
1,982,245
-1,984,535
| -50% | -$23.1M |
|
20
Citigroup
C
$222B
| $29.7M | 1.35% |
577,068
-882,377
| -60% | -$39.1M |
|
21
PENN Entertainment
PENN
$2.82B
| $28.5M | 1.3% |
1,096,316
-861,930
| -44% | -$20M |
|
22
eBay
EBAY
$52.1B
| $26.8M | 1.22% |
614,977
-381,449
| -38% | -$15.8M |
|
23
Verizon
VZ
$201B
| $25.6M | 1.17% |
679,497
-825,981
| -55% | -$29.2M |
|
24
PayPal
PYPL
$51.4B
| $24.9M | 1.14% |
405,135
+162,872
| +67% | +$9.33M |
|
25
Expedia Group
EXPE
$35.5B
| $24.1M | 1.1% |
158,901
-239,669
| -60% | -$29.3M |
|
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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.