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IIM
Ivory Investment Management Portfolio holdings
AUM
$496M
1-Year Est. Return
4.8%
This Fund
S&P 500
This Quarter
Est. Return
+10.71%
1 Year Est. Return
+4.8%
3 Year Est. Return
+32.83%
5 Year Est. Return
+96.71%
10 Year Est. Return
–
AUM
$2.03B
AUM Growth
-$79M
(-3.7%)
Cap. Flow
-$266M
Cap. Flow
% of AUM
-13.09%
Top 10 Holdings %
Top 10 Hldgs %
32.52%
Holding
227
New
59
Increased
65
Reduced
59
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Airlines Group
AAL
|
+$79.6M |
| 2 |
HDS
HD Supply Holdings, Inc.
HDS
|
+$66.9M |
| 3 |
ATML
ATMEL CORP
ATML
|
+$52M |
| 4 |
AET
Aetna Inc
AET
|
+$48.5M |
| 5 |
NUAN
Nuance Communications, Inc.
NUAN
|
+$39.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Polaris
PII
|
+$69M |
| 2 |
Devon Energy
DVN
|
+$48.5M |
| 3 |
Advance Auto Parts
AAP
|
+$41.1M |
| 4 |
Citigroup
C
|
+$30.1M |
| 5 |
Oil States International
OIS
|
+$30M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 13.09% |
| 2 | Technology | 12.93% |
| 3 | Industrials | 12.91% |
| 4 | Financials | 10.28% |
| 5 | Healthcare | 8.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Micron Technology
MU
$1.02T
| $81.9M | 4.03% |
3,765,600
| – | – |
|
|
2
American Airlines Group
AAL
$9.9B
| $78M | 3.84% |
+3,091,083
| New | +$79.6M |
|
|
HDS
3
DELISTED
HD Supply Holdings, Inc.
HDS
| $74.3M | 3.65% |
+3,092,864
| New | +$66.9M |
|
|
4
Micron Technology
MU
$1.02T
| $65.5M | 3.22% |
3,013,281
-536,252
| -15% | -$10.4M |
|
5
General Motors
GM
$78.8B
| $62.8M | 3.09% |
1,537,617
-499,815
| -25% | -$18.9M |
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $61.5M | 3.03% |
366,156
| – | – |
|
7
Microsoft
MSFT
$2.89T
| $60.9M | 2.99% |
1,627,490
-381,007
| -19% | -$13.8M |
|
8
CALL
SPDR Gold Trust
GLD
$132B
| $60.3M | 2.97% |
519,300
| – | – |
|
|
NUAN
9
DELISTED
Nuance Communications, Inc.
NUAN
| $58.2M | 2.86% |
4,421,984
+2,879,733
| +187% | +$39.6M |
|
|
AET
10
DELISTED
Aetna Inc
AET
| $57.8M | 2.84% |
842,800
+743,620
| +750% | +$48.5M |
|
|
ATML
11
DELISTED
ATMEL CORP
ATML
| $55.6M | 2.74% |
+7,105,150
| New | +$52M |
|
12
Apple
AAPL
$4.95T
| $45.1M | 2.22% |
2,251,228
-562,800
| -20% | -$10.6M |
|
13
JPMorgan Chase
JPM
$947B
| $42.6M | 2.1% |
728,700
+377,200
| +107% | +$20.7M |
|
|
14
Oil States International
OIS
$511M
| $37.4M | 1.84% |
643,055
-499,644
| -44% | -$30M |
|
|
ARRS
15
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $37.3M | 1.84% |
+1,533,447
| New | +$29.2M |
|
16
Macy's
M
$6.57B
| $36.5M | 1.79% |
683,166
+189,366
| +38% | +$9.18M |
|
17
American International
AIG
$42B
| $35.5M | 1.75% |
696,165
+18,217
| +3% | +$908K |
|
18
MetLife
MET
$61.6B
| $32.7M | 1.61% |
681,039
-290,187
| -30% | -$13M |
|
|
SNDK
19
DELISTED
SANDISK CORP
SNDK
| $32.1M | 1.58% |
455,070
-148,230
| -25% | -$9.99M |
|
|
MDR
20
DELISTED
McDermott International
MDR
| $30.5M | 1.5% |
+1,108,896
| New | +$26M |
|
21
Meta Platforms (Facebook)
META
$1.51T
| $30.4M | 1.5% |
556,861
-16,745
| -3% | -$841K |
|
|
QVCGA
22
DELISTED
QVC Group Inc Series A
QVCGA
| $28.8M | 1.41% |
23,861
-6,294
| -21% | -$7M |
|
|
CAM
23
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $28.1M | 1.38% |
+471,612
| New | +$27.2M |
|
24
Celanese
CE
$4.87B
| $27.7M | 1.36% |
500,000
+306,494
| +158% | +$17M |
|
25
CALL
Marathon Petroleum
MPC
$91.2B
| $27.5M | 1.35% |
+600,000
| New | +$23.1M |
|
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Ivory Investment Management's Q4 2013 Portfolio in Review
As of Q4 2013, Ivory Investment Management held 227 positions worth $2.03B, down 3.7% from $2.11B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Ivory Investment Management withdrew a net $266M in Q4 2013, closing 39 positions and reducing 59 holdings. Its most notable exit was Polaris, an estimated $69M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 13% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Ivory Investment Management opened a new position in American Airlines Group worth $78M.
- Ivory Investment Management's largest Q4 2013 buy was American Airlines Group: 3,091,083 shares worth $78M.
- Ivory Investment Management added most to Aetna Inc in Q4 2013, an estimated $48.5M increase.
- Ivory Investment Management's biggest Q4 2013 reduction was Advance Auto Parts, cutting an estimated $41.1M.
- Ivory Investment Management fully exited Polaris in Q4 2013, selling an estimated $69M.
- Ivory Investment Management's ten largest holdings make up 33% of its $2.03B portfolio in Q4 2013.
- Ivory Investment Management opened 59 new positions and closed 39 in Q4 2013.
- Ivory Investment Management's portfolio value fell 3.7% quarter-over-quarter to $2.03B.
Based on Ivory Investment Management's 13F filing for Q4 2013, filed 13 Feb 2014.