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NCM
Newfoundland Capital Management Portfolio holdings
AUM
$9.47M
1-Year Est. Return
21.24%
This Fund
S&P 500
This Quarter
Est. Return
-7.25%
1 Year Est. Return
+21.24%
3 Year Est. Return
-49.45%
5 Year Est. Return
-68.22%
10 Year Est. Return
–
AUM
$403M
AUM Growth
-$198M
(-33%)
Cap. Flow
-$167M
Cap. Flow
% of AUM
-41.54%
Top 10 Holdings %
Top 10 Hldgs %
85.17%
Holding
66
New
27
Increased
11
Reduced
11
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Televisa
TV
|
+$11.3M |
| 2 |
EDN
Edenor
EDN
|
+$8.35M |
| 3 |
DESP
Despegar.com
DESP
|
+$5.2M |
| 4 |
Vale
VALE
|
+$3.11M |
| 5 |
TIM SA
TIMB
|
+$1.58M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Telecom Argentina
TEO
|
+$13.1M |
| 2 |
Petrobras
PBR
|
+$12.1M |
| 3 |
Transportadora de Gas del Sur
TGS
|
+$10.6M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$9.33M |
| 5 |
Sabesp
SBS
|
+$8.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 15.34% |
| 2 | Utilities | 12.39% |
| 3 | Communication Services | 3.58% |
| 4 | Financials | 2.11% |
| 5 | Materials | 1.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares MSCI Mexico ETF
EWW
$1.89B
| $132M | 32.73% |
3,041,400
+804,700
| +36% | +$36.1M |
|
|
CRESY
2
Cresud
CRESY
$806M
| $57.7M | 14.31% |
5,879,963
-323,426
| -5% | -$3.11M |
|
|
3
CALL
iShares MSCI Brazil ETF
EWZ
$8.98B
| $51.5M | 12.77% |
1,176,800
+868,900
| +282% | +$35.9M |
|
|
EDN
4
Edenor
EDN
$1.12B
| $47.9M | 11.88% |
2,635,835
+459,589
| +21% | +$8.35M |
|
5
PUT
Pampa Energía
PAM
$4.57B
| $15.5M | 3.86% |
+448,200
| New | +$11.7M |
|
|
6
PUT
iShares MSCI Brazil ETF
EWZ
$8.98B
| $10.8M | 2.69% |
247,700
+12,500
| +5% | +$516K |
|
|
7
Televisa
TV
$1.49B
| $10.1M | 2.51% |
1,198,940
+1,164,094
| +3,341% | +$11.3M |
|
8
CALL
iShares MSCI Emerging Markets ETF
EEM
$27.5B
| $6.44M | 1.6% |
+150,000
| New | +$6.37M |
|
9
Grupo Aval
AVAL
$5.82B
| $5.77M | 1.43% |
720,651
+11,753
| +2% | +$89.7K |
|
10
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.5B
| $5.66M | 1.4% |
+205,000
| New | +$5.55M |
|
|
DESP
11
DELISTED
Despegar.com
DESP
| $5.28M | 1.31% |
+380,198
| New | +$5.2M |
|
12
PUT
Galicia Financial Group
GGAL
$7.89B
| $4.17M | 1.04% |
+117,500
| New | +$3.15M |
|
13
PUT
iShares US Real Estate ETF
IYR
$4.75B
| $3.93M | 0.97% |
45,000
-27,500
| -38% | -$2.41M |
|
|
14
PUT
Telecom Argentina
TEO
$5.84B
| $3.92M | 0.97% |
+222,000
| New | +$3.38M |
|
|
15
TIM SA
TIMB
$9.1B
| $3.64M | 0.9% |
243,140
+109,200
| +82% | +$1.58M |
|
|
16
Vale
VALE
$62.3B
| $3.26M | 0.81% |
+242,589
| New | +$3.11M |
|
|
17
CALL
iShares MSCI Mexico ETF
EWW
$1.89B
| $3.25M | 0.81% |
+75,000
| New | +$3.37M |
|
|
AENZ
18
DELISTED
Aenza S.A.A.
AENZ
| $3.01M | 0.75% |
318,258
-20,735
| -6% | -$212K |
|
|
19
CALL
Televisa
TV
$1.49B
| $2.53M | 0.63% |
300,000
-20,350,700
| -99% | -$198M |
|
20
CALL
BBVA Argentina
BBAR
$3.85B
| $2.21M | 0.55% |
+195,000
| New | +$1.82M |
|
|
ELP
21
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $2M | 0.5% |
351,120
-266,498
| -43% | -$1.18M |
|
|
SUPV
22
Grupo Supervielle
SUPV
$823M
| $1.93M | 0.48% |
244,280
+120,580
| +97% | +$737K |
|
23
Pan American Silver
PAAS
$17.9B
| $1.79M | 0.44% |
138,583
+100,000
| +259% | +$1.21M |
|
24
CALL
PagSeguro Digital
PAGS
$2.67B
| $1.73M | 0.43% |
+44,500
| New | +$1.38M |
|
|
25
Petrobras
PBR
$120B
| $1.46M | 0.36% |
88,707
-790,874
| -90% | -$12.1M |
|
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Newfoundland Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Newfoundland Capital Management held 66 positions worth $403M, down 33% from $601M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Newfoundland Capital Management withdrew a net $167M in Q2 2019, closing 15 positions and reducing 11 holdings. Its most notable exit was Telecom Argentina, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, up from 13% a quarter earlier, followed by Utilities and Communication Services.
Against the trend, Newfoundland Capital Management opened a new position in Despegar.com worth $5.28M.
- Newfoundland Capital Management's largest Q2 2019 buy was Despegar.com: 380,198 shares worth $5.28M.
- Newfoundland Capital Management added most to Televisa in Q2 2019, an estimated $11.3M increase.
- Newfoundland Capital Management's biggest Q2 2019 reduction was Petrobras, cutting an estimated $12.1M.
- Newfoundland Capital Management fully exited Telecom Argentina in Q2 2019, selling an estimated $13.1M.
- Newfoundland Capital Management's ten largest holdings make up 85% of its $403M portfolio in Q2 2019.
- Newfoundland Capital Management opened 27 new positions and closed 15 in Q2 2019.
- Newfoundland Capital Management's portfolio value fell 33% quarter-over-quarter to $403M.
Based on Newfoundland Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.