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PCP

P2 Capital Partners Portfolio holdings

AUM $210M
1-Year Est. Return 1.23%
This Fund
S&P 500
This Quarter Est. Return
+39.22%
1 Year Est. Return
-1.23%
3 Year Est. Return
-0.1%
5 Year Est. Return
+17.4%
10 Year Est. Return
+173.91%
AUM
$1.47B
AUM Growth
+$196M
Cap. Flow
-$227M
Cap. Flow %
-15.38%
Top 10 Hldgs %
71.46%
Holding
19
New
1
Increased
3
Reduced
11
Closed
1

Top Buys

Rank Stock Value
1
AVNT icon
Avient
AVNT
+$35.4M
2
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$5.92M
3
CDK
CDK Global, Inc.
CDK
+$2.12M
4
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$1.98M

Top Sells

Rank Stock Value
1
ACHC icon
Acadia Healthcare
ACHC
+$91.7M
2
HGV icon
Hilton Grand Vacations
HGV
+$41M
3
NXST icon
Nexstar Media Group
NXST
+$32.5M
4
PRMW
Primo Water Corporation
PRMW
+$30.1M
5
MD icon
Pediatrix Medical
MD
+$20.7M

Sector Composition

Rank Sector Weight
1 Industrials 30.93%
2 Technology 18.04%
3 Healthcare 16.16%
4 Materials 8.2%
5 Consumer Staples 6.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACHC icon
1
Acadia Healthcare
ACHC
$2.62B
$165M 11.17%
3,274,478
-2,300,601
-41% -$91.7M
BCO icon
2
Brink's
BCO
$4.84B
$142M 9.61%
1,967,632
– –
CHNG
3
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$112M 7.62%
6,021,209
+360,000
+6% +$5.92M
CSOD
4
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$101M 6.83%
2,284,526
+47,900
+2% +$1.98M
AQUA
5
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$95.6M 6.49%
3,542,677
-800,345
-18% -$19.9M
PRMW
6
DELISTED
Primo Water Corporation
PRMW
$94.4M 6.4%
6,017,906
-2,044,204
-25% -$30.1M
CBZ icon
7
CBIZ
CBZ
$3B
$92.8M 6.29%
3,486,031
– –
CDK
8
DELISTED
CDK Global, Inc.
CDK
$86.4M 5.86%
1,667,529
+44,749
+3% +$2.12M
ACIW icon
9
ACI Worldwide
ACIW
$5.86B
$84.5M 5.74%
2,200,000
– –
FUL icon
10
H.B. Fuller
FUL
$2.98B
$80.3M 5.45%
1,548,014
-158,017
-9% -$8.01M
HGV icon
11
Hilton Grand Vacations
HGV
$3.64B
$79.3M 5.38%
2,528,047
-1,568,682
-38% -$41M
NXST icon
12
Nexstar Media Group
NXST
$5.88B
$79.3M 5.38%
725,816
-333,128
-31% -$32.5M
MD icon
13
Pediatrix Medical
MD
$2.17B
$73.6M 4.99%
2,998,445
-1,103,555
-27% -$20.7M
EBIX
14
DELISTED
Ebix Inc
EBIX
$41.6M 2.83%
1,096,720
-156,280
-12% -$4.4M
AVNT icon
15
Avient
AVNT
$3.36B
$40.5M 2.75%
+1,004,847
New +$35.4M
OUT icon
16
Outfront Media
OUT
$5.62B
$39.7M 2.69%
2,060,603
-270,926
-12% -$4.58M
KBR icon
17
KBR
KBR
$4.36B
$39.3M 2.67%
1,271,635
-80,000
-6% -$2.11M
UPLD icon
18
Upland Software
UPLD
$13.6M
$27.4M 1.86%
59,800
-10,200
-15% -$4.49M
MMS icon
19
Maximus
MMS
$3.19B
– –
-183,632
Closed -$12.6M

Similar funds

RWRC
R.W. Roge & Company Bohemia, New York $210M AUM 18.75% 1-Year Est. Return
TP
Thayer Partners Wyndmoor, Pennsylvania $210M AUM
GHP
Great Hill Partners Boston, Massachusetts $210M AUM 134.81% 1-Year Est. Return
BSCCG
Blue Sky Capital Consultants Group Poway, California $210M AUM 28.65% 1-Year Est. Return
CAM
Chou Associates Management Toronto, Ontario, Canada $210M AUM 15.42% 1-Year Est. Return
ESC
Eurizon SLJ Capital London $210M AUM
FSA
Financial Services Advisory Rockville, Maryland $210M AUM 19.93% 1-Year Est. Return
WI
Westbourne Investments Arlington, Virginia $210M AUM 40.95% 1-Year Est. Return

P2 Capital Partners's Q4 2020 Portfolio in Review

As of Q4 2020, P2 Capital Partners held 19 positions worth $1.47B, up 15% from $1.28B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

P2 Capital Partners withdrew a net $227M in Q4 2020, closing 1 position and reducing 11 holdings. Its most notable exit was Maximus, an estimated $12.6M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 31% of assets, up from 29% a quarter earlier, followed by Technology and Healthcare.

Against the trend, P2 Capital Partners opened a new position in Avient worth $40.5M.

  • P2 Capital Partners's largest Q4 2020 buy was Avient: 1,004,847 shares worth $40.5M.
  • P2 Capital Partners added most to Change Healthcare Inc. Common Stock in Q4 2020, an estimated $5.92M increase.
  • P2 Capital Partners's biggest Q4 2020 reduction was Acadia Healthcare, cutting an estimated $91.7M.
  • P2 Capital Partners fully exited Maximus in Q4 2020, selling an estimated $12.6M.
  • P2 Capital Partners's ten largest holdings make up 71% of its $1.47B portfolio in Q4 2020.
  • P2 Capital Partners opened 1 new position and closed 1 in Q4 2020.
  • P2 Capital Partners's portfolio value rose 15% quarter-over-quarter to $1.47B.

Based on P2 Capital Partners's 13F filing for Q4 2020, filed 16 Feb 2021.