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MP
Mangrove Partners Portfolio holdings
AUM
$1.24B
1-Year Est. Return
41.74%
This Fund
S&P 500
This Quarter
Est. Return
+8.88%
1 Year Est. Return
+41.74%
3 Year Est. Return
+169.22%
5 Year Est. Return
+150.23%
10 Year Est. Return
+417.9%
AUM
$1.33B
AUM Growth
-$117M
(-8.1%)
Cap. Flow
-$126M
Cap. Flow
% of AUM
-9.49%
Top 10 Holdings %
Top 10 Hldgs %
25.59%
Holding
238
New
21
Increased
9
Reduced
24
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TXNM
TXNM Energy Inc
TXNM
|
+$30.5M |
| 2 |
SGI
Somnigroup International
SGI
|
+$28.3M |
| 3 |
Fortune Brands Innovations
FBIN
|
+$23.2M |
| 4 |
SS&C Technologies
SSNC
|
+$18.7M |
| 5 |
Atmus Filtration Technologies
ATMU
|
+$15.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TGNA
TEGNA Inc
TGNA
|
+$31.1M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$28.7M |
| 3 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$20.1M |
| 4 |
Bausch + Lomb
BLCO
|
+$19.4M |
| 5 |
iShares Biotechnology ETF
IBB
|
+$17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 14.89% |
| 2 | Financials | 13.05% |
| 3 | Industrials | 9.03% |
| 4 | Energy | 6.61% |
| 5 | Technology | 5.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Weatherford International
WFRD
$6.36B
| $56.2M | 4.24% |
621,697
| – | – |
|
|
BRSL
2
Brightstar Lottery PLC
BRSL
$1.91B
| $34.8M | 2.63% |
1,149,095
| – | – |
|
3
AerCap
AER
$23.9B
| $34.5M | 2.6% |
550,014
| – | – |
|
4
Dell
DELL
$283B
| $33.7M | 2.55% |
489,730
| – | – |
|
5
MasterBrand
MBC
$1.09B
| $32.6M | 2.46% |
2,687,175
| – | – |
|
6
Valaris
VAL
$5.51B
| $31.5M | 2.38% |
419,899
| – | – |
|
|
TXNM
7
TXNM Energy Inc
TXNM
$6.47B
| $30.5M | 2.3% |
+683,622
| New | +$30.5M |
|
8
Laureate Education
LAUR
$5.18B
| $28.9M | 2.18% |
2,049,057
| – | – |
|
9
Enova International
ENVA
$5.91B
| $28.7M | 2.17% |
565,008
| – | – |
|
|
SGI
10
Somnigroup International
SGI
$15.1B
| $27.7M | 2.09% |
+638,768
| New | +$28.3M |
|
11
Alibaba
BABA
$269B
| $27.4M | 2.07% |
316,100
| – | – |
|
12
Albertsons Companies
ACI
$5.4B
| $26.7M | 2.02% |
1,175,569
| – | – |
|
13
Alphabet (Google) Class A
GOOGL
$3.91T
| $26.6M | 2.01% |
203,235
| – | – |
|
14
Jackson Financial
JXN
$8.32B
| $26.4M | 2% |
691,869
| – | – |
|
15
ESAB
ESAB
$5.25B
| $25.3M | 1.91% |
359,680
| – | – |
|
|
CNH
16
CNH Industrial
CNH
$13.8B
| $21.2M | 1.6% |
1,754,707
| – | – |
|
|
17
Fortune Brands Innovations
FBIN
$6.12B
| $20.9M | 1.58% |
+336,915
| New | +$23.2M |
|
|
AAMI
18
Acadian Asset Management
AAMI
$2.88B
| $20.2M | 1.52% |
1,040,988
| – | – |
|
19
Turning Point Brands
TPB
$1.47B
| $19.8M | 1.49% |
855,723
| – | – |
|
20
CEMIG Preferred Shares
CIG
$6.09B
| $19.2M | 1.45% |
10,338,801
| – | – |
|
21
Bath & Body Works
BBWI
$4.01B
| $18.8M | 1.42% |
556,904
| – | – |
|
|
EMBJ
22
Embraer S.A. ADS
EMBJ
$11.6B
| $17.8M | 1.34% |
1,295,713
| – | – |
|
|
23
SS&C Technologies
SSNC
$17.8B
| $17.2M | 1.3% |
+326,750
| New | +$18.7M |
|
24
O-I Glass
OI
$1.39B
| $16.9M | 1.28% |
1,010,141
| – | – |
|
25
UBS Group
UBS
$170B
| $16.3M | 1.23% |
659,546
| – | – |
|
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Mangrove Partners's Q3 2023 Portfolio in Review
As of Q3 2023, Mangrove Partners held 238 positions worth $1.33B, down 8.1% from $1.44B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Mangrove Partners withdrew a net $126M in Q3 2023, closing 71 positions and reducing 24 holdings. Its most notable exit was TEGNA Inc, an estimated $31.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 15% of assets, up from 9.5% a quarter earlier, followed by Financials and Industrials.
Against the trend, Mangrove Partners opened a new position in TXNM Energy Inc worth $30.5M.
- Mangrove Partners's largest Q3 2023 buy was TXNM Energy Inc: 683,622 shares worth $30.5M.
- Mangrove Partners added most to Acropolis Infrastructure Acquisition Corp in Q3 2023, an estimated $1.94M increase.
- Mangrove Partners's biggest Q3 2023 reduction was People Inc, cutting an estimated $13.5M.
- Mangrove Partners fully exited TEGNA Inc in Q3 2023, selling an estimated $31.1M.
- Mangrove Partners's ten largest holdings make up 26% of its $1.33B portfolio in Q3 2023.
- Mangrove Partners opened 21 new positions and closed 71 in Q3 2023.
- Mangrove Partners's portfolio value fell 8.1% quarter-over-quarter to $1.33B.
Based on Mangrove Partners's 13F filing for Q3 2023, filed 14 Nov 2023.