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
-4.59%
1 Year Est. Return
+30.43%
3 Year Est. Return
+25.14%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$25.1M
Cap. Flow
-$16.2M
Cap. Flow %
-9.75%
Top 10 Hldgs %
53.13%
Holding
39
New
12
Increased
6
Reduced
9
Closed
12

Top Buys

1
EZPW icon
Ezcorp Inc
EZPW
+$9.61M
2
HHH icon
Howard Hughes
HHH
+$9.56M
3
NOAH
Noah Holdings
NOAH
+$7.67M
4
GRBK icon
Green Brick Partners
GRBK
+$5.05M
5
PAX icon
Patria Investments
PAX
+$4.52M

Top Sells

1
FLYW icon
Flywire
FLYW
+$10.5M
2
BXP icon
Boston Properties
BXP
+$9.6M
3
FHI icon
Federated Hermes
FHI
+$8.1M
4
ENV
ENVESTNET, INC.
ENV
+$6.46M
5
ALL icon
Allstate
ALL
+$6.18M

Sector Composition

1 Financials 53.29%
2 Real Estate 18.4%
3 Technology 14.7%
4 Industrials 5.47%
5 Communication Services 4.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMPR icon
1
Kemper
KMPR
$1.65B
$10M 6.03%
168,881
-7,666
-4% -$450K
EZPW icon
2
Ezcorp Inc
EZPW
$1.97B
$9.54M 5.74%
+911,453
New +$9.61M
HHH icon
3
Howard Hughes
HHH
$4.19B
$9.43M 5.67%
+152,571
New +$9.56M
KRC icon
4
Kilroy Realty
KRC
$4.68B
$9.21M 5.54%
295,527
-60,262
-17% -$2M
FUTU icon
5
Futu Holdings
FUTU
$13.3B
$9.14M 5.5%
139,276
-49,111
-26% -$3.32M
BILL icon
6
BILL Holdings
BILL
$4.45B
$8.91M 5.36%
169,317
-18,371
-10% -$1.04M
DFS
7
DELISTED
Discover Financial Services
DFS
$8.72M 5.25%
66,660
+21,107
+46% +$2.63M
Z icon
8
Zillow
Z
$7.76B
$8.23M 4.95%
177,490
-16,570
-9% -$729K
GCMG icon
9
GCM Grosvenor
GCMG
$779M
$7.6M 4.57%
778,633
+409,384
+111% +$3.95M
DEI icon
10
Douglas Emmett
DEI
$2.1B
$7.53M 4.53%
565,736
-142,159
-20% -$1.93M
RPAY icon
11
Repay Holdings
RPAY
$321M
$6.86M 4.13%
649,840
-48,780
-7% -$499K
WT icon
12
WisdomTree
WT
$3.07B
$6.59M 3.97%
665,395
-553,881
-45% -$5.21M
RELY icon
13
Remitly
RELY
$5.08B
$6.55M 3.94%
540,244
+261,926
+94% +$4.06M
MCY icon
14
Mercury Insurance
MCY
$5.89B
$6.01M 3.62%
113,147
+63,543
+128% +$3.44M
NOAH
15
Noah Holdings
NOAH
$610M
$6M 3.61%
+622,110
New +$7.67M
CBOE icon
16
Cboe Global Markets
CBOE
$28.6B
$5.89M 3.54%
34,645
-1,019
-3% -$181K
RPC
17
Ridgepost Capital
RPC
$964M
$5.51M 3.31%
649,232
+71,653
+12% +$572K
GRBK icon
18
Green Brick Partners
GRBK
$3.14B
$5.18M 3.11%
+90,437
New +$5.05M
WLFC icon
19
Willis Lease Finance
WLFC
$1.53B
$4.88M 2.93%
+70,393
New +$4.08M
NMRK icon
20
Newmark Group
NMRK
$2.77B
$4.42M 2.66%
431,637
+53,658
+14% +$546K
AL
21
DELISTED
Air Lease Corp
AL
$4.21M 2.53%
+88,531
New +$4.3M
PAX icon
22
Patria Investments
PAX
$1.76B
$4.14M 2.49%
+343,377
New +$4.52M
BOW
23
Bowhead Specialty Holdings
BOW
$1.01B
$3.17M 1.91%
+125,049
New +$3.2M
ECPG icon
24
Encore Capital Group
ECPG
$1.96B
$3.15M 1.9%
+75,495
New +$3.26M
VIRT icon
25
Virtu Financial
VIRT
$4.85B
$3.11M 1.87%
+138,599
New +$3.09M
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 Q2 2024 Portfolio in Review

As of Q2 2024, Phase 2 Partners held 39 positions worth $166M, down 13% from $191M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Phase 2 Partners withdrew a net $16.2M in Q2 2024, closing 12 positions and reducing 9 holdings. Its most notable exit was Flywire, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 53% of assets, up from 48% a quarter earlier, followed by Real Estate and Technology.

Against the trend, Phase 2 Partners opened a new position in Ezcorp Inc worth $9.54M.

  • Phase 2 Partners's largest Q2 2024 buy was Ezcorp Inc: 911,453 shares worth $9.54M.
  • Phase 2 Partners added most to Remitly in Q2 2024, an estimated $4.06M increase.
  • Phase 2 Partners's biggest Q2 2024 reduction was WisdomTree, cutting an estimated $5.21M.
  • Phase 2 Partners fully exited Flywire in Q2 2024, selling an estimated $10.5M.
  • Phase 2 Partners's ten largest holdings make up 53% of its $166M portfolio in Q2 2024.
  • Phase 2 Partners opened 12 new positions and closed 12 in Q2 2024.
  • Phase 2 Partners's portfolio value fell 13% quarter-over-quarter to $166M.

Based on Phase 2 Partners's 13F filing for Q2 2024, filed 14 Aug 2024.