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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
-7.41%
1 Year Est. Return
+30.43%
3 Year Est. Return
+25.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$153M
AUM Growth
-$8.3M
(-5.1%)
Cap. Flow
+$2.91M
Cap. Flow
% of AUM
1.9%
Top 10 Holdings %
Top 10 Hldgs %
68.84%
Holding
30
New
10
Increased
5
Reduced
6
Closed
9
Top Buys
| 1 |
Flywire
FLYW
|
+$14.9M |
| 2 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$6.83M |
| 3 |
AVTA
Avantax, Inc. Common Stock
AVTA
|
+$6.81M |
| 4 |
S&P Global
SPGI
|
+$6.1M |
| 5 |
Radian Group
RDN
|
+$5.78M |
Top Sells
| 1 |
Mastercard
MA
|
+$7.62M |
| 2 |
Carlyle Group
CG
|
+$6.03M |
| 3 |
MFA
MFA Financial
MFA
|
+$5.78M |
| 4 |
Donnelley Financial Solutions
DFIN
|
+$5.72M |
| 5 |
Ameriprise Financial
AMP
|
+$5.05M |
Sector Composition
| 1 | Financials | 69.2% |
| 2 | Technology | 22.99% |
| 3 | Real Estate | 4.93% |
| 4 | Consumer Discretionary | 2.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Flywire
FLYW
$2.24B
| $16M | 10.45% |
+523,318
| New | +$14.9M |
|
|
COWN
2
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $13.9M | 9.05% |
511,733
+2,032
| +0.4% | +$61.8K |
|
3
BILL Holdings
BILL
$4.45B
| $13.2M | 8.62% |
58,216
+4,544
| +8% | +$947K |
|
4
LPL Financial
LPLA
$26B
| $12.2M | 7.93% |
66,517
+29,747
| +81% | +$5.18M |
|
5
GCM Grosvenor
GCMG
$779M
| $11.5M | 7.54% |
1,189,305
+28,351
| +2% | +$280K |
|
6
HCI Group
HCI
$2.27B
| $9.25M | 6.04% |
135,627
-26,018
| -16% | -$1.78M |
|
|
BRDG
7
DELISTED
Bridge Investment Group
BRDG
| $7.63M | 4.98% |
375,178
-18,336
| -5% | -$384K |
|
8
Douglas Emmett
DEI
$2.1B
| $7.56M | 4.93% |
226,196
+24,997
| +12% | +$820K |
|
|
AVTA
9
DELISTED
Avantax, Inc. Common Stock
AVTA
| $7.35M | 4.8% |
+375,962
| New | +$6.81M |
|
10
Metropolitan Bank Holding Corp
MCB
$1.22B
| $6.89M | 4.5% |
67,726
-33,880
| -33% | -$3.51M |
|
11
Essent Group
ESNT
$6.15B
| $6.27M | 4.09% |
152,093
-29,615
| -16% | -$1.32M |
|
|
12
S&P Global
SPGI
$133B
| $6.14M | 4.01% |
+14,972
| New | +$6.1M |
|
|
BKI
13
DELISTED
Black Knight, Inc. Common Stock
BKI
| $6.01M | 3.92% |
+103,563
| New | +$6.83M |
|
|
14
Radian Group
RDN
$5.24B
| $5.58M | 3.64% |
+251,282
| New | +$5.78M |
|
15
WisdomTree
WT
$3.07B
| $4.79M | 3.13% |
+816,325
| New | +$4.66M |
|
16
KB Home
KBH
$3.44B
| $4.41M | 2.88% |
136,211
-57,169
| -30% | -$2.25M |
|
17
Virtu Financial
VIRT
$4.85B
| $4.15M | 2.71% |
+111,423
| New | +$3.68M |
|
18
StoneX
SNEX
$8.16B
| $3.89M | 2.54% |
+176,685
| New | +$3.69M |
|
19
Raymond James Financial
RJF
$32.8B
| $3.69M | 2.41% |
+33,618
| New | +$3.56M |
|
|
EJFA
20
DELISTED
EJF Acquisition Corp. Class A Ordinary Share
EJFA
| $1.85M | 1.21% |
+187,351
| New | +$1.85M |
|
21
CME Group
CME
$88.5B
| $956K | 0.62% |
4,020
-15,524
| -79% | -$3.65M |
|
|
22
Ameriprise Financial
AMP
$47.5B
| – | – |
-16,730
| Closed | -$5.05M |
|
|
23
Carlyle Group
CG
$16.6B
| – | – |
-109,818
| Closed | -$6.03M |
|
|
24
Donnelley Financial Solutions
DFIN
$1.25B
| – | – |
-121,270
| Closed | -$5.72M |
|
25
FirstCash
FCFS
$9.36B
| – | – |
-55,959
| Closed | -$4.19M |
|
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Phase 2 Partners's Q1 2022 Portfolio in Review
As of Q1 2022, Phase 2 Partners held 30 positions worth $153M, down 5.1% from $161M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Phase 2 Partners's Q1 2022 filing shows 10 new, 5 increased, 6 reduced and 9 closed positions. Its largest new stake was Flywire: 523,318 shares worth $16M. The largest sale was Mastercard, an estimated $7.62M.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 67% a quarter earlier, followed by Technology and Real Estate.
- Phase 2 Partners's largest Q1 2022 buy was Flywire: 523,318 shares worth $16M.
- Phase 2 Partners added most to LPL Financial in Q1 2022, an estimated $5.18M increase.
- Phase 2 Partners's biggest Q1 2022 reduction was CME Group, cutting an estimated $3.65M.
- Phase 2 Partners fully exited Mastercard in Q1 2022, selling an estimated $7.62M.
- Phase 2 Partners's ten largest holdings make up 69% of its $153M portfolio in Q1 2022.
- Phase 2 Partners opened 10 new positions and closed 9 in Q1 2022.
- Phase 2 Partners's portfolio value fell 5.1% quarter-over-quarter to $153M.
Based on Phase 2 Partners's 13F filing for Q1 2022, filed 16 May 2022.