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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
-2.62%
1 Year Est. Return
+30.43%
3 Year Est. Return
+25.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$226M
AUM Growth
+$5.98M
Cap. Flow
+$15.9M
Cap. Flow %
7.01%
Top 10 Hldgs %
60.87%
Holding
29
New
6
Increased
10
Reduced
4
Closed
9

Top Buys

Rank Stock Value
1
ENV
ENVESTNET, INC.
ENV
+$16.2M
2
INVH icon
Invitation Homes
INVH
+$13.7M
3
BILL icon
BILL Holdings
BILL
+$12.4M
4
FCFS icon
FirstCash
FCFS
+$10.3M
5
SEIC icon
SEI Investments
SEIC
+$10.1M

Top Sells

Rank Stock Value
1
PCOR icon
Procore
PCOR
+$13M
2
SSNC icon
SS&C Technologies
SSNC
+$12.2M
3
SPGI icon
S&P Global
SPGI
+$12.2M
4
WAL icon
Western Alliance Bancorporation
WAL
+$10.8M
5
BKI
Black Knight, Inc. Common Stock
BKI
+$10.4M

Sector Composition

Rank Sector Weight
1 Financials 52.41%
2 Technology 20.46%
3 Real Estate 16.6%
4 Industrials 10.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPGI icon
26
S&P Global
SPGI
$135B
– –
-30,388
Closed -$12.2M
SSNC icon
27
SS&C Technologies
SSNC
$17B
– –
-202,062
Closed -$12.2M
WAL icon
28
Western Alliance Bancorporation
WAL
$9.17B
– –
-297,282
Closed -$10.8M
BKI
29
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-174,365
Closed -$10.4M
1
2

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Phase 2 Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Phase 2 Partners held 29 positions worth $226M, up 2.7% from $220M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Phase 2 Partners deployed $15.9M of net new capital in Q3 2023, opening 6 new positions and adding to 10 existing holdings. Its largest new stake was Invitation Homes: 398,046 shares worth $12.6M.

By sector, the portfolio is most concentrated in Financials at 52% of assets, down from 53% a quarter earlier, followed by Technology and Real Estate.

On the sell side, the largest reduction was Flywire, an estimated $6.94M trimmed.

  • Phase 2 Partners's largest Q3 2023 buy was Invitation Homes: 398,046 shares worth $12.6M.
  • Phase 2 Partners added most to ENVESTNET, INC. in Q3 2023, an estimated $16.2M increase.
  • Phase 2 Partners's biggest Q3 2023 reduction was Flywire, cutting an estimated $6.94M.
  • Phase 2 Partners fully exited Procore in Q3 2023, selling an estimated $13M.
  • Phase 2 Partners's ten largest holdings make up 61% of its $226M portfolio in Q3 2023.
  • Phase 2 Partners opened 6 new positions and closed 9 in Q3 2023.
  • Phase 2 Partners's portfolio value rose 2.7% quarter-over-quarter to $226M.

Based on Phase 2 Partners's 13F filing for Q3 2023, filed 14 Nov 2023.