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NRC
North Run Capital Portfolio holdings
AUM
$43.5M
1-Year Est. Return
38.24%
This Fund
S&P 500
This Quarter
Est. Return
+2.57%
1 Year Est. Return
-38.24%
3 Year Est. Return
+19.43%
5 Year Est. Return
+17.57%
10 Year Est. Return
–
AUM
$914M
AUM Growth
-$209M
(-19%)
Cap. Flow
-$236M
Cap. Flow
% of AUM
-25.83%
Top 10 Holdings %
Top 10 Hldgs %
69.93%
Holding
32
New
5
Increased
2
Reduced
11
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$62.4M |
| 2 |
Macy's
M
|
+$48.3M |
| 3 |
ATI
ATI
|
+$18.7M |
| 4 |
Crocs
CROX
|
+$14.5M |
| 5 |
PHLT
Performant Healthcare Inc
PHLT
|
+$9.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
H&R Block
HRB
|
+$64.3M |
| 2 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$56.3M |
| 3 |
INXN
Interxion Holding N.V.
INXN
|
+$35.4M |
| 4 |
HNT
HEALTH NET INC
HNT
|
+$34.9M |
| 5 |
MDRX
Veradigm Inc. Common Stock
MDRX
|
+$34.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.59% |
| 2 | Consumer Discretionary | 23.24% |
| 3 | Healthcare | 17.35% |
| 4 | Communication Services | 9.46% |
| 5 | Industrials | 8.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INXN
1
DELISTED
Interxion Holding N.V.
INXN
| $86.5M | 9.46% |
3,066,595
-1,208,405
| -28% | -$35.4M |
|
2
Brookdale Senior Living
BKD
$3.49B
| $82.2M | 8.99% |
2,176,000
-174,000
| -7% | -$6.37M |
|
|
ETFC
3
DELISTED
E*Trade Financial Corporation
ETFC
| $79.4M | 8.69% |
2,780,000
-875,000
| -24% | -$22.3M |
|
|
4
ATI
ATI
$25.6B
| $78.8M | 8.62% |
2,625,000
+600,000
| +30% | +$18.7M |
|
|
5
Citizens Financial Group
CFG
$30.3B
| $61.4M | 6.72% |
+2,543,831
| New | +$62.4M |
|
6
Visteon
VC
$2.79B
| $56.9M | 6.22% |
590,000
-136,694
| -19% | -$13.6M |
|
7
The Mosaic Company
MOS
$7.03B
| $49.5M | 5.42% |
1,075,000
| – | – |
|
8
General Motors
GM
$80.4B
| $48.9M | 5.36% |
1,305,000
-160,000
| -11% | -$5.82M |
|
|
9
Macy's
M
$6.53B
| $48.7M | 5.33% |
+750,000
| New | +$48.3M |
|
10
Teva Pharmaceuticals
TEVA
$40.8B
| $46.7M | 5.11% |
750,000
| – | – |
|
11
DigitalBridge
DBRG
$2.93B
| $46.7M | 5.11% |
500,000
-275,000
| -35% | -$24.9M |
|
|
AET
12
DELISTED
Aetna Inc
AET
| $46.4M | 5.07% |
435,277
-175,113
| -29% | -$17.2M |
|
|
GIMO
13
DELISTED
Gigamon Inc.
GIMO
| $38.2M | 4.18% |
1,800,000
-575,000
| -24% | -$11.1M |
|
|
NRF
14
DELISTED
NorthStar Realty Finance Corp.
NRF
| $35.3M | 3.87% |
975,000
-525,000
| -35% | -$19.4M |
|
15
Cooper-Standard Automotive
CPS
$523M
| $25M | 2.74% |
422,852
| – | – |
|
|
XXIA
16
DELISTED
Ixia
XXIA
| $17M | 1.86% |
1,400,000
-500,000
| -26% | -$5.54M |
|
|
17
Crocs
CROX
$6.14B
| $15.3M | 1.68% |
+1,296,391
| New | +$14.5M |
|
|
ALIM
18
DELISTED
Alimera Sciences
ALIM
| $14.9M | 1.63% |
198,333
+56,618
| +40% | +$4.45M |
|
|
NWY
19
DELISTED
New York & Co Inc
NWY
| $9.99M | 1.09% |
3,995,973
| – | – |
|
20
EyePoint Inc
EYPT
$1.03B
| $8.47M | 0.93% |
214,409
| – | – |
|
|
LOV
21
DELISTED
Spark Networks SE American Depositary Shares
LOV
| $7.5M | 0.82% |
1,855,856
| – | – |
|
|
PHLT
22
DELISTED
Performant Healthcare Inc
PHLT
| $6.29M | 0.69% |
+1,850,000
| New | +$9.39M |
|
|
LORL
23
DELISTED
Loral Space and Communications, Inc.
LORL
| $2.46M | 0.27% |
36,000
-64,000
| -64% | -$4.62M |
|
24
Magnachip Semiconductor
MX
$119M
| $1.24M | 0.14% |
+226,850
| New | +$2.13M |
|
|
25
H&R Block
HRB
$5.58B
| – | – |
-1,909,414
| Closed | -$64.3M |
|
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North Run Capital's Q1 2015 Portfolio in Review
As of Q1 2015, North Run Capital held 32 positions worth $914M, down 19% from $1.12B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
North Run Capital withdrew a net $236M in Q1 2015, closing 8 positions and reducing 11 holdings. Its most notable exit was H&R Block, an estimated $64.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, North Run Capital opened a new position in Citizens Financial Group worth $61.4M.
- North Run Capital's largest Q1 2015 buy was Citizens Financial Group: 2,543,831 shares worth $61.4M.
- North Run Capital added most to ATI in Q1 2015, an estimated $18.7M increase.
- North Run Capital's biggest Q1 2015 reduction was Interxion Holding N.V., cutting an estimated $35.4M.
- North Run Capital fully exited H&R Block in Q1 2015, selling an estimated $64.3M.
- North Run Capital's ten largest holdings make up 70% of its $914M portfolio in Q1 2015.
- North Run Capital opened 5 new positions and closed 8 in Q1 2015.
- North Run Capital's portfolio value fell 19% quarter-over-quarter to $914M.
Based on North Run Capital's 13F filing for Q1 2015, filed 15 May 2015.