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P2P

Phase 2 Partners Portfolio holdings

AUM $133M
1-Year Est. Return 30.43%
This Fund
S&P 500
This Quarter Est. Return
+6.9%
1 Year Est. Return
+30.43%
3 Year Est. Return
+25.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$221M
AUM Growth
+$10.9M
Cap. Flow
+$265K
Cap. Flow %
0.12%
Top 10 Hldgs %
69.31%
Holding
30
New
4
Increased
10
Reduced
5
Closed
11

Top Buys

Rank Stock Value
1
FLYW icon
Flywire
FLYW
+$11.3M
2
ENV
ENVESTNET, INC.
ENV
+$8.99M
3
LPLA icon
LPL Financial
LPLA
+$8.83M
4
SSNC icon
SS&C Technologies
SSNC
+$8.63M
5
BILL icon
BILL Holdings
BILL
+$8.44M

Top Sells

Rank Stock Value
1
BTRS
BTRS Holdings Inc. Class 1 Common Stock
BTRS
+$12.1M
2
GCMG icon
GCM Grosvenor
GCMG
+$9.15M
3
FHI icon
Federated Hermes
FHI
+$9.01M
4
DEI icon
Douglas Emmett
DEI
+$8.44M
5
AEL
American Equity Investment Life Holding Company
AEL
+$7.56M

Sector Composition

Rank Sector Weight
1 Technology 45.1%
2 Financials 44.19%
3 Real Estate 6%
4 Industrials 4.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WT icon
26
WisdomTree
WT
$3.77B
– –
-880,529
Closed -$4.12M
NVEI
27
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-229,953
Closed -$6.22M
AEL
28
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-202,803
Closed -$7.56M
ESMT
29
DELISTED
EngageSmart, Inc.
ESMT
– –
-289,983
Closed -$6M
BTRS
30
DELISTED
BTRS Holdings Inc. Class 1 Common Stock
BTRS
– –
-1,309,961
Closed -$12.1M
1
2

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Phase 2 Partners's Q4 2022 Portfolio in Review

As of Q4 2022, Phase 2 Partners held 30 positions worth $221M, up 5.2% from $211M the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Phase 2 Partners's Q4 2022 filing shows 4 new, 10 increased, 5 reduced and 11 closed positions. Its largest new stake was ENVESTNET, INC.: 168,887 shares worth $10.4M. The largest sale was BTRS Holdings Inc. Class 1 Common Stock, an estimated $12.1M.

By sector, the portfolio is most concentrated in Technology at 45% of assets, up from 33% a quarter earlier, followed by Financials and Real Estate.

  • Phase 2 Partners's largest Q4 2022 buy was ENVESTNET, INC.: 168,887 shares worth $10.4M.
  • Phase 2 Partners added most to Flywire in Q4 2022, an estimated $11.3M increase.
  • Phase 2 Partners's biggest Q4 2022 reduction was MFA Financial, cutting an estimated $4.05M.
  • Phase 2 Partners fully exited BTRS Holdings Inc. Class 1 Common Stock in Q4 2022, selling an estimated $12.1M.
  • Phase 2 Partners's ten largest holdings make up 69% of its $221M portfolio in Q4 2022.
  • Phase 2 Partners opened 4 new positions and closed 11 in Q4 2022.
  • Phase 2 Partners's portfolio value rose 5.2% quarter-over-quarter to $221M.

Based on Phase 2 Partners's 13F filing for Q4 2022, filed 14 Feb 2023.