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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
+3.79%
1 Year Est. Return
-25.96%
3 Year Est. Return
-4.33%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$27.8M
(-12%)
Cap. Flow
-$34.1M
Cap. Flow
% of AUM
-17.08%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
20
New
–
Increased
2
Reduced
7
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Broadband Class C
LBRDK
|
+$1.02M |
| 2 |
Silvercrest Asset Management
SAMG
|
+$489K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$12.6M |
| 2 |
Alkami Technology
ALKT
|
+$6.54M |
| 3 |
TransDigm Group
TDG
|
+$4.89M |
| 4 |
nCino
NCNO
|
+$3.77M |
| 5 |
DCBO
Docebo
DCBO
|
+$1.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 75.68% |
| 2 | Communication Services | 17.03% |
| 3 | Financials | 5.77% |
| 4 | Industrials | 1.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alkami Technology
ALKT
$1.76B
| $45.5M | 22.79% |
2,496,788
-388,912
| -13% | -$6.54M |
|
|
2
Corpay
CPAY
$23.7B
| $40.7M | 20.39% |
159,367
-48,094
| -23% | -$12.6M |
|
3
Salesforce
CRM
$133B
| $34.2M | 17.12% |
168,519
-1,692
| -1% | -$366K |
|
|
4
Liberty Broadband Class C
LBRDK
$4.36B
| $32.3M | 16.19% |
353,915
+11,425
| +3% | +$1.02M |
|
|
DCBO
5
Docebo
DCBO
$494M
| $22.3M | 11.19% |
551,085
-39,255
| -7% | -$1.55M |
|
|
6
Silvercrest Asset Management
SAMG
$75.5M
| $11.5M | 5.77% |
725,560
+25,295
| +4% | +$489K |
|
|
7
nCino
NCNO
$1.79B
| $8.35M | 4.18% |
262,455
-122,249
| -32% | -$3.77M |
|
|
8
TransDigm Group
TDG
$67.2B
| $3.05M | 1.53% |
3,612
-5,569
| -61% | -$4.89M |
|
9
Liberty Broadband Class A
LBRDA
$4.36B
| $1.67M | 0.84% |
18,343
-5,711
| -24% | -$509K |
|
10
Autodesk
ADSK
$42.8B
| – | – |
-1,660
| Closed | -$340K |
|
11
AppFolio
APPF
$5.7B
| – | – |
-3,804
| Closed | -$655K |
|
12
Guidewire Software
GWRE
$11.1B
| – | – |
-8,502
| Closed | -$647K |
|
13
Intercontinental Exchange
ICE
$80.4B
| – | – |
-7,188
| Closed | -$813K |
|
14
Mastercard
MA
$471B
| – | – |
-803
| Closed | -$316K |
|
15
Moody's
MCO
$85.7B
| – | – |
-757
| Closed | -$263K |
|
16
ServiceNow
NOW
$98.2B
| – | – |
-5,300
| Closed | -$596K |
|
17
Procore
PCOR
$6.22B
| – | – |
-6,824
| Closed | -$444K |
|
18
Q2 Holdings
QTWO
$3.27B
| – | – |
-18,632
| Closed | -$576K |
|
19
Visa
V
$673B
| – | – |
-1,325
| Closed | -$315K |
|
20
Verisk Analytics
VRSK
$25.3B
| – | – |
-1,970
| Closed | -$445K |
|
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Long Path Partners's Q3 2023 Portfolio in Review
As of Q3 2023, Long Path Partners held 20 positions worth $200M, down 12% from $227M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Long Path Partners withdrew a net $34.1M in Q3 2023, closing 11 positions and reducing 7 holdings. Its most notable exit was Intercontinental Exchange, an estimated $813K position sold in full.
By sector, the portfolio is most concentrated in Technology at 76% of assets, down from 76% a quarter earlier, followed by Communication Services and Financials.
Against the trend, Long Path Partners added an estimated $1.02M to Liberty Broadband Class C.
- Long Path Partners added most to Liberty Broadband Class C in Q3 2023, an estimated $1.02M increase.
- Long Path Partners's biggest Q3 2023 reduction was Corpay, cutting an estimated $12.6M.
- Long Path Partners fully exited Intercontinental Exchange in Q3 2023, selling an estimated $813K.
- Long Path Partners's ten largest holdings make up 100% of its $200M portfolio in Q3 2023.
- Long Path Partners opened 0 new positions and closed 11 in Q3 2023.
- Long Path Partners's portfolio value fell 12% quarter-over-quarter to $200M.
Based on Long Path Partners's 13F filing for Q3 2023, filed 14 Nov 2023.