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PSP
Principal Street Partners Portfolio holdings
AUM
$613M
1-Year Est. Return
26.72%
This Fund
S&P 500
This Quarter
Est. Return
+2.31%
1 Year Est. Return
+26.72%
3 Year Est. Return
+73.04%
5 Year Est. Return
+95.16%
10 Year Est. Return
–
AUM
$181M
AUM Growth
-$48.7M
(-21%)
Cap. Flow
-$49.2M
Cap. Flow
% of AUM
-27.14%
Top 10 Holdings %
Top 10 Hldgs %
32.04%
Holding
138
New
61
Increased
31
Reduced
41
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ryman Hospitality Properties
RHP
|
+$10.7M |
| 2 |
iShares S&P 500 Growth ETF
IVW
|
+$10.1M |
| 3 |
Mid-America Apartment Communities
MAA
|
+$8.2M |
| 4 |
Ares Capital
ARCC
|
+$8.09M |
| 5 |
Apple
AAPL
|
+$4.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$5.59M |
| 2 |
Huntington Bancshares
HBAN
|
+$4.78M |
| 3 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$4.12M |
| 4 |
J.M. Smucker
SJM
|
+$4.11M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$4.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.31% |
| 2 | Consumer Discretionary | 11.64% |
| 3 | Technology | 11.44% |
| 4 | Real Estate | 11.1% |
| 5 | Communication Services | 8.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Cinemark Holdings
CNK
$4.4B
| $1.35M | 0.74% |
37,320
-96,788
| -72% | -$3.82M |
|
52
New Mountain Finance
NMFC
$723M
| $1.32M | 0.73% |
+94,414
| New | +$1.32M |
|
53
Marathon Petroleum
MPC
$84B
| $1.3M | 0.72% |
23,198
-53,861
| -70% | -$2.95M |
|
|
ALXN
54
DELISTED
Alexion Pharmaceuticals
ALXN
| $1.29M | 0.71% |
9,870
+4,704
| +91% | +$606K |
|
55
Vanguard Dividend Appreciation ETF
VIG
$114B
| $1.28M | 0.71% |
+11,097
| New | +$1.24M |
|
56
MidCap Financial Investment
MFIC
$800M
| $1.22M | 0.67% |
+75,077
| New | +$1.18M |
|
57
Autodesk
ADSK
$51.2B
| $1.21M | 0.67% |
7,409
+3,090
| +72% | +$520K |
|
58
State Street SPDR S&P Dividend ETF
SDY
$23.7B
| $1.16M | 0.64% |
+11,445
| New | +$1.14M |
|
59
Skyworks Solutions
SWKS
$10.1B
| $1.13M | 0.62% |
14,596
+6,708
| +85% | +$532K |
|
60
Corpay
CPAY
$26B
| $1.1M | 0.61% |
3,907
+1,012
| +35% | +$265K |
|
|
SCHW
61
Charles Schwab
SCHW
$187B
| $971K | 0.54% |
24,159
+10,813
| +81% | +$471K |
|
62
Align Technology
ALGN
$12B
| $968K | 0.53% |
3,537
+858
| +32% | +$259K |
|
|
ETFC
63
DELISTED
E*Trade Financial Corporation
ETFC
| $959K | 0.53% |
21,497
+8,537
| +66% | +$408K |
|
64
Alphabet (Google) Class C
GOOG
$4.36T
| $944K | 0.52% |
+17,460
| New | +$1.01M |
|
65
Monster Beverage
MNST
$92.1B
| $939K | 0.52% |
29,410
+9,198
| +46% | +$277K |
|
66
Norwegian Cruise Line
NCLH
$8.89B
| $937K | 0.52% |
17,468
+6,869
| +65% | +$382K |
|
67
Booking.com
BKNG
$156B
| $935K | 0.52% |
12,475
+5,150
| +70% | +$370K |
|
68
Martin Marietta Materials
MLM
$32.3B
| $901K | 0.5% |
3,916
+951
| +32% | +$206K |
|
69
Vanguard S&P 500 ETF
VOO
$1.01T
| $832K | 0.46% |
+3,075
| New | +$814K |
|
70
Golub Capital BDC
GBDC
$3.39B
| $823K | 0.45% |
+47,209
| New | +$828K |
|
71
XPO
XPO
$23B
| $810K | 0.45% |
40,517
+13,069
| +48% | +$266K |
|
72
Blackrock
BLK
$175B
| $777K | 0.43% |
+1,655
| New | +$749K |
|
73
Incyte
INCY
$24B
| $747K | 0.41% |
8,790
+815
| +10% | +$65.4K |
|
74
Vertex Pharmaceuticals
VRTX
$123B
| $732K | 0.4% |
3,989
+434
| +12% | +$75.9K |
|
75
Starbucks
SBUX
$120B
| $730K | 0.4% |
8,704
+1,534
| +21% | +$120K |
|
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Principal Street Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Principal Street Partners held 138 positions worth $181M, down 21% from $230M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Principal Street Partners withdrew a net $49.2M in Q2 2019, closing 5 positions and reducing 41 holdings. Its most notable exit was ManpowerGroup, an estimated $5.59M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 8.3% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Principal Street Partners opened a new position in Ryman Hospitality Properties worth $10.7M.
- Principal Street Partners's largest Q2 2019 buy was Ryman Hospitality Properties: 130,611 shares worth $10.7M.
- Principal Street Partners added most to Amazon in Q2 2019, an estimated $3.83M increase.
- Principal Street Partners's biggest Q2 2019 reduction was DOMTAR CORPORATION (New), cutting an estimated $4.12M.
- Principal Street Partners fully exited ManpowerGroup in Q2 2019, selling an estimated $5.59M.
- Principal Street Partners's ten largest holdings make up 32% of its $181M portfolio in Q2 2019.
- Principal Street Partners opened 61 new positions and closed 5 in Q2 2019.
- Principal Street Partners's portfolio value fell 21% quarter-over-quarter to $181M.
Based on Principal Street Partners's 13F filing for Q2 2019, filed 15 Aug 2019.