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MIG Capital Portfolio holdings
AUM
$589M
1-Year Est. Return
25.96%
This Fund
S&P 500
This Quarter
Est. Return
+30.46%
1 Year Est. Return
+25.96%
3 Year Est. Return
+117.64%
5 Year Est. Return
+94.86%
10 Year Est. Return
+355.85%
AUM
$578M
AUM Growth
+$68.9M
(+14%)
Cap. Flow
-$36.1M
Cap. Flow
% of AUM
-6.24%
Top 10 Holdings %
Top 10 Hldgs %
73.08%
Holding
21
New
4
Increased
3
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$21.4M |
| 2 |
Stagwell
STGW
|
+$16.1M |
| 3 |
CarMax
KMX
|
+$12.5M |
| 4 |
MASI
Masimo
MASI
|
+$10.2M |
| 5 |
Credit Acceptance
CACC
|
+$4.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IAA
IAA, Inc. Common Stock
IAA
|
+$36.9M |
| 2 |
Zoetis
ZTS
|
+$18.2M |
| 3 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$15.8M |
| 4 |
Microsoft
MSFT
|
+$10.7M |
| 5 |
RH
RH
|
+$8.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 24.6% |
| 2 | Healthcare | 23.84% |
| 3 | Industrials | 15.27% |
| 4 | Technology | 12.5% |
| 5 | Consumer Discretionary | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Sotera Health
SHC
$5.5B
| $65.8M | 11.37% |
3,672,408
-141,653
| -4% | -$2.37M |
|
2
Meta Platforms (Facebook)
META
$1.47T
| $52.4M | 9.06% |
247,086
-17,409
| -7% | -$2.96M |
|
|
FISV
3
Fiserv Inc
FISV
$28.3B
| $47.3M | 8.19% |
418,886
| – | – |
|
4
Cogent Communications
CCOI
$486M
| $43.3M | 7.49% |
679,604
+56,129
| +9% | +$3.61M |
|
5
Rentokil
RTO
$11.8B
| $41.6M | 7.19% |
1,138,706
| – | – |
|
|
EWCZ
6
DELISTED
European Wax Center
EWCZ
| $37.6M | 6.5% |
1,977,370
+85,667
| +5% | +$1.5M |
|
7
Intuitive Surgical
ISRG
$132B
| $37.5M | 6.49% |
146,820
-11,125
| -7% | -$2.74M |
|
|
MASI
8
DELISTED
Masimo
MASI
| $34.6M | 5.98% |
187,535
+60,656
| +48% | +$10.2M |
|
9
Prologis
PLD
$134B
| $33M | 5.71% |
264,544
| – | – |
|
10
Televisa
TV
$1.45B
| $29.5M | 5.11% |
5,583,862
| – | – |
|
11
Advanced Drainage Systems
WMS
$10.3B
| $27.1M | 4.68% |
321,378
-19,221
| -6% | -$1.69M |
|
|
12
RH
RH
$2.83B
| $26.4M | 4.56% |
108,264
-28,353
| -21% | -$8.23M |
|
|
13
Microsoft
MSFT
$3.81T
| $25M | 4.32% |
86,589
-42,083
| -33% | -$10.7M |
|
14
Norwegian Cruise Line
NCLH
$7.65B
| $24.2M | 4.18% |
1,796,918
-415,659
| -19% | -$6.22M |
|
|
SAVE
15
DELISTED
Spirit Airlines, Inc.
SAVE
| $19.6M | 3.4% |
+1,144,051
| New | +$21.4M |
|
|
16
Stagwell
STGW
$2.14B
| $17.1M | 2.95% |
+2,300,000
| New | +$16.1M |
|
|
17
CarMax
KMX
$8.81B
| $12M | 2.08% |
+187,109
| New | +$12.5M |
|
|
18
Credit Acceptance
CACC
$6.18B
| $4.4M | 0.76% |
+10,100
| New | +$4.44M |
|
|
19
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.1B
| – | – |
-245,186
| Closed | -$15.8M |
|
|
20
Zoetis
ZTS
$32B
| – | – |
-123,867
| Closed | -$18.2M |
|
|
IAA
21
DELISTED
IAA, Inc. Common Stock
IAA
| – | – |
-922,750
| Closed | -$36.9M |
|
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MIG Capital's Q1 2023 Portfolio in Review
As of Q1 2023, MIG Capital held 21 positions worth $578M, up 14% from $509M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
MIG Capital withdrew a net $36.1M in Q1 2023, closing 3 positions and reducing 7 holdings. Its most notable exit was IAA, Inc. Common Stock, an estimated $36.9M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 18% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, MIG Capital opened a new position in Spirit Airlines, Inc. worth $19.6M.
- MIG Capital's largest Q1 2023 buy was Spirit Airlines, Inc.: 1,144,051 shares worth $19.6M.
- MIG Capital added most to Masimo in Q1 2023, an estimated $10.2M increase.
- MIG Capital's biggest Q1 2023 reduction was Microsoft, cutting an estimated $10.7M.
- MIG Capital fully exited IAA, Inc. Common Stock in Q1 2023, selling an estimated $36.9M.
- MIG Capital's ten largest holdings make up 73% of its $578M portfolio in Q1 2023.
- MIG Capital opened 4 new positions and closed 3 in Q1 2023.
- MIG Capital's portfolio value rose 14% quarter-over-quarter to $578M.
Based on MIG Capital's 13F filing for Q1 2023, filed 15 May 2023.