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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
-1.53%
1 Year Est. Return
-38.24%
3 Year Est. Return
+19.43%
5 Year Est. Return
+17.57%
10 Year Est. Return
–
AUM
$607M
AUM Growth
-$123M
(-17%)
Cap. Flow
-$108M
Cap. Flow
% of AUM
-17.84%
Top 10 Holdings %
Top 10 Hldgs %
68.93%
Holding
33
New
5
Increased
4
Reduced
12
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$48.2M |
| 2 |
Voya Financial
VOYA
|
+$20.5M |
| 3 |
DigitalBridge
DBRG
|
+$12.5M |
| 4 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$7.43M |
| 5 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$3.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visteon
VC
|
+$37.8M |
| 2 |
SFLY
Shutterfly, Inc.
SFLY
|
+$29M |
| 3 |
Macy's
M
|
+$28.7M |
| 4 |
CSOD
Cornerstone OnDemand, Inc.
CSOD
|
+$21.3M |
| 5 |
General Motors
GM
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 36.53% |
| 2 | Financials | 22.92% |
| 3 | Technology | 16.8% |
| 4 | Materials | 6.24% |
| 5 | Communication Services | 5.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Brookdale Senior Living
BKD
$3.49B
| $75.3M | 12.4% |
4,875,000
-150,000
| -3% | -$2.62M |
|
2
Teva Pharmaceuticals
TEVA
$40.8B
| $42.9M | 7.08% |
855,000
-15,000
| -2% | -$799K |
|
3
McKesson
MCK
$100B
| $42.9M | 7.08% |
230,000
-70,000
| -23% | -$12.3M |
|
|
4
Perrigo
PRGO
$1.4B
| $42.2M | 6.95% |
+465,000
| New | +$48.2M |
|
5
Citizens Financial Group
CFG
$30.3B
| $39.5M | 6.5% |
1,975,000
-225,000
| -10% | -$4.99M |
|
6
Constellium
CSTM
$3.76B
| $37.9M | 6.24% |
8,076,153
-47,979
| -0.6% | -$246K |
|
|
ESL
7
DELISTED
Esterline Technologies
ESL
| $35.4M | 5.83% |
570,000
-15,000
| -3% | -$982K |
|
8
Willis Towers Watson
WTW
$31.2B
| $34.8M | 5.74% |
280,000
-115,000
| -29% | -$14.2M |
|
|
RP
9
DELISTED
RealPage, Inc.
RP
| $34.3M | 5.65% |
1,536,162
-331,638
| -18% | -$7.18M |
|
|
TFCFA
10
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $33.1M | 5.46% |
1,225,000
-475,000
| -28% | -$13.8M |
|
|
11
DigitalBridge
DBRG
$2.93B
| $32.4M | 5.34% |
793,750
+262,500
| +49% | +$12.5M |
|
12
Crocs
CROX
$6.14B
| $21.4M | 3.53% |
1,900,000
| – | – |
|
13
Magnachip Semiconductor
MX
$119M
| $19.2M | 3.17% |
3,400,000
| – | – |
|
|
NRF
14
DELISTED
NorthStar Realty Finance Corp.
NRF
| $17.7M | 2.92% |
1,550,000
-1,100,000
| -42% | -$14.1M |
|
|
15
Voya Financial
VOYA
$9.01B
| $16.6M | 2.73% |
+669,686
| New | +$20.5M |
|
16
Evertec
EVTC
$1.88B
| $12.8M | 2.11% |
825,000
+75,000
| +10% | +$1.08M |
|
|
NSM
17
DELISTED
Nationstar Mortgage Holdings
NSM
| $11.3M | 1.86% |
1,000,000
| – | – |
|
|
CSOD
18
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $9.74M | 1.61% |
256,000
-573,400
| -69% | -$21.3M |
|
|
CSII
19
DELISTED
Cardiovascular Systems, Inc.
CSII
| $9.36M | 1.54% |
509,500
| – | – |
|
|
MNTA
20
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $8.51M | 1.4% |
787,500
+719,962
| +1,066% | +$7.43M |
|
21
Nomad Foods
NOMD
$1.66B
| $6.03M | 0.99% |
755,000
+250,000
| +50% | +$2.2M |
|
|
NWY
22
DELISTED
New York & Co Inc
NWY
| $5.9M | 0.97% |
3,962,137
-33,836
| -0.8% | -$90.7K |
|
23
EyePoint Inc
EYPT
$1.03B
| $5.51M | 0.91% |
194,682
| – | – |
|
|
ALIM
24
DELISTED
Alimera Sciences
ALIM
| $4.3M | 0.71% |
233,333
| – | – |
|
|
ETFC
25
DELISTED
E*Trade Financial Corporation
ETFC
| $3.41M | 0.56% |
+145,000
| New | +$3.68M |
|
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North Run Capital's Q2 2016 Portfolio in Review
As of Q2 2016, North Run Capital held 33 positions worth $607M, down 17% from $730M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
North Run Capital withdrew a net $108M in Q2 2016, closing 5 positions and reducing 12 holdings. Its most notable exit was Visteon, an estimated $37.8M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 25% a quarter earlier, followed by Financials and Technology.
Against the trend, North Run Capital opened a new position in Perrigo worth $42.2M.
- North Run Capital's largest Q2 2016 buy was Perrigo: 465,000 shares worth $42.2M.
- North Run Capital added most to DigitalBridge in Q2 2016, an estimated $12.5M increase.
- North Run Capital's biggest Q2 2016 reduction was Cornerstone OnDemand, Inc., cutting an estimated $21.3M.
- North Run Capital fully exited Visteon in Q2 2016, selling an estimated $37.8M.
- North Run Capital's ten largest holdings make up 69% of its $607M portfolio in Q2 2016.
- North Run Capital opened 5 new positions and closed 5 in Q2 2016.
- North Run Capital's portfolio value fell 17% quarter-over-quarter to $607M.
Based on North Run Capital's 13F filing for Q2 2016, filed 12 Aug 2016.