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PCP
P2 Capital Partners Portfolio holdings
AUM
$246M
1-Year Est. Return
17.67%
This Fund
S&P 500
This Quarter
Est. Return
+8.09%
1 Year Est. Return
+17.67%
3 Year Est. Return
+7.96%
5 Year Est. Return
+28.62%
10 Year Est. Return
+203.67%
AUM
$712M
AUM Growth
-$49.7M
(-6.5%)
Cap. Flow
-$92.5M
Cap. Flow
% of AUM
-12.99%
Top 10 Holdings %
Top 10 Hldgs %
96.76%
Holding
15
New
1
Increased
4
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ILG
ILG, Inc Common Stock
ILG
|
+$38.5M |
| 2 |
NETSCOUT
NTCT
|
+$20.2M |
| 3 |
Acadia Healthcare
ACHC
|
+$20M |
| 4 |
STMP
Stamps.com, Inc.
STMP
|
+$15.4M |
| 5 |
CBIZ
CBZ
|
+$12.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EBIX
Ebix Inc
EBIX
|
+$92.4M |
| 2 |
ACI Worldwide
ACIW
|
+$50.7M |
| 3 |
PTC
PTC
|
+$31.2M |
| 4 |
Forrester Research
FORR
|
+$17.7M |
| 5 |
CTRL
Control4 Corporation
CTRL
|
+$7.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.39% |
| 2 | Consumer Discretionary | 24.28% |
| 3 | Financials | 17.11% |
| 4 | Industrials | 14.71% |
| 5 | Consumer Staples | 7.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HAWK
1
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $122M | 17.11% |
3,000,000
| – | – |
|
|
2
NETSCOUT
NTCT
$2.8B
| $95.9M | 13.47% |
2,528,064
+573,256
| +29% | +$20.2M |
|
|
ILG
3
DELISTED
ILG, Inc Common Stock
ILG
| $91.7M | 12.88% |
4,375,000
+2,046,821
| +88% | +$38.5M |
|
|
STMP
4
DELISTED
Stamps.com, Inc.
STMP
| $84.8M | 11.9% |
716,175
+125,000
| +21% | +$15.4M |
|
|
SFLY
5
DELISTED
Shutterfly, Inc.
SFLY
| $81.2M | 11.41% |
1,681,828
| – | – |
|
|
6
ACI Worldwide
ACIW
$5.21B
| $57.1M | 8.01% |
2,667,886
-2,500,000
| -48% | -$50.7M |
|
|
PRMW
7
DELISTED
Primo Water Corporation
PRMW
| $53.3M | 7.49% |
4,314,614
| – | – |
|
8
Mueller Water Products
MWA
$3.55B
| $44.3M | 6.22% |
3,747,687
| – | – |
|
|
9
CBIZ
CBZ
$2.96B
| $32M | 4.49% |
2,361,073
+952,501
| +68% | +$12.8M |
|
|
10
Forrester Research
FORR
$221M
| $26.9M | 3.77% |
675,936
-449,672
| -40% | -$17.7M |
|
|
11
Acadia Healthcare
ACHC
$2.62B
| $21.5M | 3.02% |
+493,627
| New | +$20M |
|
12
Standex International
SXI
$3.18B
| $1.56M | 0.22% |
15,610
| – | – |
|
|
13
PTC
PTC
$14.2B
| – | – |
-673,603
| Closed | -$31.2M |
|
|
CTRL
14
DELISTED
Control4 Corporation
CTRL
| – | – |
-738,081
| Closed | -$7.53M |
|
|
EBIX
15
DELISTED
Ebix Inc
EBIX
| – | – |
-1,620,000
| Closed | -$92.4M |
|
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P2 Capital Partners's Q1 2017 Portfolio in Review
As of Q1 2017, P2 Capital Partners held 15 positions worth $712M, down 6.5% from $762M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
P2 Capital Partners withdrew a net $92.5M in Q1 2017, closing 3 positions and reducing 2 holdings. Its most notable exit was Ebix Inc, an estimated $92.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, P2 Capital Partners opened a new position in Acadia Healthcare worth $21.5M.
- P2 Capital Partners's largest Q1 2017 buy was Acadia Healthcare: 493,627 shares worth $21.5M.
- P2 Capital Partners added most to ILG, Inc Common Stock in Q1 2017, an estimated $38.5M increase.
- P2 Capital Partners's biggest Q1 2017 reduction was ACI Worldwide, cutting an estimated $50.7M.
- P2 Capital Partners fully exited Ebix Inc in Q1 2017, selling an estimated $92.4M.
- P2 Capital Partners's ten largest holdings make up 97% of its $712M portfolio in Q1 2017.
- P2 Capital Partners opened 1 new position and closed 3 in Q1 2017.
- P2 Capital Partners's portfolio value fell 6.5% quarter-over-quarter to $712M.
Based on P2 Capital Partners's 13F filing for Q1 2017, filed 15 May 2017.