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LPP
Long Path Partners Portfolio holdings
AUM
$220M
1-Year Est. Return
25.96%
This Fund
S&P 500
This Quarter
Est. Return
+15.44%
1 Year Est. Return
-25.96%
3 Year Est. Return
-4.33%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$232M
AUM Growth
+$1.72M
(+0.75%)
Cap. Flow
-$26M
Cap. Flow
% of AUM
-11.21%
Top 10 Holdings %
Top 10 Hldgs %
98.59%
Holding
16
New
3
Increased
6
Reduced
6
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
nCino
NCNO
|
+$8.56M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$3.58M |
| 3 |
ServiceNow
NOW
|
+$3.41M |
| 4 |
Alkami Technology
ALKT
|
+$3.35M |
| 5 |
Silvercrest Asset Management
SAMG
|
+$464K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COUP
Coupa Software Incorporated
COUP
|
+$18.8M |
| 2 |
TransDigm Group
TDG
|
+$11.9M |
| 3 |
AppFolio
APPF
|
+$10.7M |
| 4 |
Corpay
CPAY
|
+$1.69M |
| 5 |
DCBO
Docebo
DCBO
|
+$1.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 77.68% |
| 2 | Communication Services | 13.42% |
| 3 | Financials | 5.54% |
| 4 | Industrials | 3.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Corpay
CPAY
$23.8B
| $46.6M | 20.12% |
221,217
-8,349
| -4% | -$1.69M |
|
2
Salesforce
CRM
$134B
| $39.1M | 16.88% |
195,878
-5,532
| -3% | -$934K |
|
|
3
Alkami Technology
ALKT
$1.77B
| $33.1M | 14.28% |
2,614,735
+227,158
| +10% | +$3.35M |
|
|
4
Liberty Broadband Class C
LBRDK
$4.32B
| $29M | 12.53% |
355,440
+41,457
| +13% | +$3.58M |
|
|
DCBO
5
Docebo
DCBO
$493M
| $24.1M | 10.38% |
590,340
-41,323
| -7% | -$1.52M |
|
|
6
ServiceNow
NOW
$99.2B
| $23.7M | 10.22% |
254,955
+39,200
| +18% | +$3.41M |
|
|
7
Silvercrest Asset Management
SAMG
$75.6M
| $12.4M | 5.36% |
682,747
+25,682
| +4% | +$464K |
|
|
8
nCino
NCNO
$1.8B
| $9.76M | 4.21% |
393,845
+324,725
| +470% | +$8.56M |
|
|
9
TransDigm Group
TDG
$67B
| $7.79M | 3.36% |
10,564
-16,662
| -61% | -$11.9M |
|
|
10
AppFolio
APPF
$5.68B
| $2.9M | 1.25% |
23,267
-88,921
| -79% | -$10.7M |
|
11
Liberty Broadband Class A
LBRDA
$4.32B
| $2.06M | 0.89% |
25,051
-8,470
| -25% | -$731K |
|
12
Intercontinental Exchange
ICE
$80.3B
| $434K | 0.19% |
4,162
+1,979
| +91% | +$206K |
|
13
Guidewire Software
GWRE
$11.2B
| $315K | 0.14% |
+3,835
| New | +$279K |
|
14
Q2 Holdings
QTWO
$3.27B
| $240K | 0.1% |
+9,739
| New | +$290K |
|
15
Procore
PCOR
$6.28B
| $223K | 0.1% |
+3,556
| New | +$208K |
|
|
COUP
16
DELISTED
Coupa Software Incorporated
COUP
| – | – |
-237,908
| Closed | -$18.8M |
|
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Long Path Partners's Q1 2023 Portfolio in Review
As of Q1 2023, Long Path Partners held 16 positions worth $232M, up 0.75% from $230M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Long Path Partners withdrew a net $26M in Q1 2023, closing 1 position and reducing 6 holdings. Its most notable exit was Coupa Software Incorporated, an estimated $18.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 78% of assets, up from 76% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Long Path Partners opened a new position in Q2 Holdings worth $240K.
- Long Path Partners's largest Q1 2023 buy was Q2 Holdings: 9,739 shares worth $240K.
- Long Path Partners added most to nCino in Q1 2023, an estimated $8.56M increase.
- Long Path Partners's biggest Q1 2023 reduction was TransDigm Group, cutting an estimated $11.9M.
- Long Path Partners fully exited Coupa Software Incorporated in Q1 2023, selling an estimated $18.8M.
- Long Path Partners's ten largest holdings make up 99% of its $232M portfolio in Q1 2023.
- Long Path Partners opened 3 new positions and closed 1 in Q1 2023.
- Long Path Partners's portfolio value rose 0.75% quarter-over-quarter to $232M.
Based on Long Path Partners's 13F filing for Q1 2023, filed 8 May 2023.