We are live on ! Find out more
P2P

Phase 2 Partners Portfolio holdings

AUM $133M
1-Year Est. Return 30.43%
This Fund
S&P 500
This Quarter Est. Return
+13.11%
1 Year Est. Return
+30.43%
3 Year Est. Return
+25.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$189M
AUM Growth
-$37.1M
Cap. Flow
-$53.9M
Cap. Flow %
-28.45%
Top 10 Hldgs %
62.44%
Holding
32
New
12
Increased
3
Reduced
6
Closed
11

Top Buys

Rank Stock Value
1
ALL icon
Allstate
ALL
+$10.9M
2
C icon
Citigroup
C
+$9.97M
3
FLYW icon
Flywire
FLYW
+$8.76M
4
GPN icon
Global Payments
GPN
+$7.63M
5
TWO
Two Harbors Investment
TWO
+$7.52M

Top Sells

Rank Stock Value
1
BILL icon
BILL Holdings
BILL
+$14.4M
2
QTWO icon
Q2 Holdings
QTWO
+$13.2M
3
MTG icon
MGIC Investment
MTG
+$12.1M
4
RDN icon
Radian Group
RDN
+$11.2M
5
SEIC icon
SEI Investments
SEIC
+$9.85M

Sector Composition

Rank Sector Weight
1 Financials 47.49%
2 Real Estate 24.35%
3 Industrials 12.75%
4 Technology 12.22%
5 Communication Services 3.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAR icon
26
PAR Technology
PAR
$818M
– –
-200,054
Closed -$7.71M
QTWO icon
27
Q2 Holdings
QTWO
$3.87B
– –
-410,145
Closed -$13.2M
RDN icon
28
Radian Group
RDN
$4.85B
– –
-445,030
Closed -$11.2M
SEIC icon
29
SEI Investments
SEIC
$13.2B
– –
-163,528
Closed -$9.85M
TRU icon
30
TransUnion
TRU
$15.3B
– –
-132,176
Closed -$9.49M
TW icon
31
Tradeweb Markets
TW
$22.4B
– –
-80,242
Closed -$6.44M
V icon
32
Visa
V
$700B
– –
-37,830
Closed -$8.7M
1
2

Similar funds

HGERS
Householder Group Estate & Retirement Specialist Scottsdale, Arizona $134M AUM 22.36% 1-Year Est. Return
TC
Taika Capital Sunny Isles Beach, Florida $131M AUM 36.41% 1-Year Est. Return
NBT
Northwest Bank & Trust Davenport, Iowa $135M AUM 29.86% 1-Year Est. Return
UL
Unionview LLC Seattle, Washington $136M AUM 17.69% 1-Year Est. Return
LMAF
Lepercq Multi-Asset Fund Hamilton, Bermuda $139M AUM
KA
Keene & Associates Fort Worth, Texas $125M AUM 13.49% 1-Year Est. Return
SSF
Southern Style Financial San Diego, California $124M AUM
EECFI
EnCap Energy Capital Fund IX Houston, Texas $119M AUM 31.38% 1-Year Est. Return

Phase 2 Partners's Q4 2023 Portfolio in Review

As of Q4 2023, Phase 2 Partners held 32 positions worth $189M, down 16% from $226M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Phase 2 Partners withdrew a net $53.9M in Q4 2023, closing 11 positions and reducing 6 holdings. Its most notable exit was BILL Holdings, an estimated $14.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 47% of assets, down from 52% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Phase 2 Partners opened a new position in Allstate worth $11.7M.

  • Phase 2 Partners's largest Q4 2023 buy was Allstate: 83,664 shares worth $11.7M.
  • Phase 2 Partners added most to Flywire in Q4 2023, an estimated $8.76M increase.
  • Phase 2 Partners's biggest Q4 2023 reduction was ENVESTNET, INC., cutting an estimated $9.11M.
  • Phase 2 Partners fully exited BILL Holdings in Q4 2023, selling an estimated $14.4M.
  • Phase 2 Partners's ten largest holdings make up 62% of its $189M portfolio in Q4 2023.
  • Phase 2 Partners opened 12 new positions and closed 11 in Q4 2023.
  • Phase 2 Partners's portfolio value fell 16% quarter-over-quarter to $189M.

Based on Phase 2 Partners's 13F filing for Q4 2023, filed 14 Feb 2024.