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MGC
Merchants' Gate Capital Portfolio holdings
AUM
$1.27B
1-Year Est. Return
15.57%
This Fund
S&P 500
This Quarter
Est. Return
+9.99%
1 Year Est. Return
+15.57%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.79B
AUM Growth
-$696M
(-28%)
Cap. Flow
-$879M
Cap. Flow
% of AUM
-49.07%
Top 10 Holdings %
Top 10 Hldgs %
81.39%
Holding
27
New
5
Increased
5
Reduced
11
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$64.7M |
| 2 |
Range Resources
RRC
|
+$35M |
| 3 |
SiriusXM
SIRI
|
+$19.9M |
| 4 |
Ross Stores
ROST
|
+$18M |
| 5 |
Amazon
AMZN
|
+$18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLB Ltd
SLB
|
+$146M |
| 2 |
NOV
NOV
|
+$142M |
| 3 |
ARG
Airgas Inc
ARG
|
+$77.5M |
| 4 |
NVR
NVR
|
+$72M |
| 5 |
Norwegian Cruise Line
NCLH
|
+$71.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.46% |
| 2 | Energy | 13.91% |
| 3 | Consumer Staples | 13.77% |
| 4 | Materials | 9.06% |
| 5 | Real Estate | 7.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
SLB Ltd
SLB
$76.5B
| – | – |
-1,649,500
| Closed | -$146M |
|
27
Wabtec
WAB
$50.8B
| – | – |
-466,600
| Closed | -$29.3M |
|
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Merchants' Gate Capital's Q4 2013 Portfolio in Review
As of Q4 2013, Merchants' Gate Capital held 27 positions worth $1.79B, down 28% from $2.49B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Merchants' Gate Capital withdrew a net $879M in Q4 2013, closing 5 positions and reducing 11 holdings. Its most notable exit was SLB Ltd, an estimated $146M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 23% a quarter earlier, followed by Energy and Consumer Staples.
Against the trend, Merchants' Gate Capital opened a new position in Range Resources worth $37.9M.
- Merchants' Gate Capital's largest Q4 2013 buy was Range Resources: 450,000 shares worth $37.9M.
- Merchants' Gate Capital added most to Home Depot in Q4 2013, an estimated $64.7M increase.
- Merchants' Gate Capital's biggest Q4 2013 reduction was Airgas Inc, cutting an estimated $77.5M.
- Merchants' Gate Capital fully exited SLB Ltd in Q4 2013, selling an estimated $146M.
- Merchants' Gate Capital's ten largest holdings make up 81% of its $1.79B portfolio in Q4 2013.
- Merchants' Gate Capital opened 5 new positions and closed 5 in Q4 2013.
- Merchants' Gate Capital's portfolio value fell 28% quarter-over-quarter to $1.79B.
Based on Merchants' Gate Capital's 13F filing for Q4 2013, filed 13 Feb 2014.