Riverbridge Partners Portfolio holdings
Riverbridge Partners is a growth-focused asset manager, founded in 1987, that buys stocks of high-quality companies it expects to grow in value over time. It looks for well-managed businesses with steady unit growth and strong free cash flow that can fund their own expansion, and it expects them to build their earnings power over long periods. Riverbridge also runs income strategies aimed at high, stable income, and in December 2012 it launched the Riverbridge Growth Fund, a mutual fund it advises. The firm is mainly owned by a holding company that gives its investment team and other key staff a stake, with a minority stake held by an affiliate of Lincoln Peak Capital, a private firm that partners with asset managers to help them stay independent. Its clients include institutions, mutual funds, individuals and financial advisers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Healthcare Services Group
HCSG
|
+$42.9M |
| 2 |
Verisk Analytics
VRSK
|
+$38.6M |
| 3 |
Dorman Products
DORM
|
+$22.8M |
| 4 |
Five Below
FIVE
|
+$19.5M |
| 5 |
Medtronic
MDT
|
+$10.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
|
+$25.4M |
| 2 |
BRLI
BIO-REFERENCE LABS INC-NEW-
BRLI
|
+$10.7M |
| 3 |
FedEx
FDX
|
+$2.73M |
| 4 |
Baxter International
BAX
|
+$1.63M |
| 5 |
PepsiCo
PEP
|
+$889K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.13% |
| 2 | Industrials | 21.4% |
| 3 | Healthcare | 17.49% |
| 4 | Consumer Discretionary | 11.34% |
| 5 | Miscellaneous | 7.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CPHD
1
DELISTED
Cepheid Inc
CPHD
| $244M | 4.26% |
5,092,523
+217,810
| +4% | +$9.9M |
2013 Q2
4 quarters
|
|
2
DELISTED
Ultimate Software Group Inc
ULTI
| $178M | 3.1% |
1,285,355
+51,123
| +4% | +$6.5M |
2013 Q2
4 quarters
|
|
|
NATI
3
DELISTED
National Instruments Corp
NATI
| $171M | 2.98% |
5,284,904
+250,819
| +5% | +$7.21M |
2013 Q2
4 quarters
|
|
4
PRA Group
PRAA
$446M
| $171M | 2.98% |
2,869,672
+83,370
| +3% | +$4.76M |
2013 Q2
4 quarters
|
|
5
RB Global
RBA
$17.3B
| $164M | 2.86% |
6,662,602
+285,676
| +4% | +$6.8M |
2013 Q2
4 quarters
|
|
6
Chemed
CHE
$7.1B
| $150M | 2.62% |
1,601,172
+60,429
| +4% | +$5.36M |
2013 Q2
4 quarters
|
|
7
Pediatrix Medical
MD
$2.45B
| $147M | 2.57% |
2,535,632
+85,713
| +3% | +$5.04M |
2013 Q2
4 quarters
|
|
8
Maximus
MMS
$3.39B
| $139M | 2.43% |
3,234,118
+120,740
| +4% | +$5.19M |
2013 Q2
4 quarters
|
|
9
Grand Canyon Education
LOPE
$3.08B
| $139M | 2.42% |
3,023,077
+59,641
| +2% | +$2.68M |
2013 Q2
4 quarters
|
|
10
United Natural Foods
UNFI
$2.92B
| $132M | 2.3% |
2,027,091
+71,548
| +4% | +$4.78M |
2013 Q2
4 quarters
|
|
11
Gentex
GNTX
$3.94B
| $131M | 2.29% |
9,015,234
+255,128
| +3% | +$3.73M |
2013 Q2
4 quarters
|
|
12
Rollins
ROL
$18.6B
| $126M | 2.19% |
14,152,192
+371,473
| +3% | +$3.34M |
2013 Q2
4 quarters
|
|
13
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $121M | 2.11% |
2,674,804
+100,983
| +4% | +$4.37M |
2013 Q2
4 quarters
|
|
14
Protolabs
PRLB
$1.61B
| $120M | 2.1% |
1,470,057
+73,104
| +5% | +$4.95M |
2013 Q2
4 quarters
|
|
|
MINI
15
DELISTED
Mobile Mini Inc
MINI
| $118M | 2.06% |
2,463,282
+84,786
| +4% | +$3.76M |
2013 Q2
4 quarters
|
|
16
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $110M | 1.91% |
3,307,208
+105,992
| +3% | +$3.72M |
2013 Q2
4 quarters
|
|
17
Neogen
NEOG
$2.45B
| $106M | 1.85% |
6,975,691
+296,464
| +4% | +$4.4M |
2013 Q2
4 quarters
|
|
18
CoStar Group
CSGP
$12.5B
| $100M | 1.75% |
6,332,010
+221,130
| +4% | +$3.58M |
2013 Q2
4 quarters
|
|
19
DELISTED
IHS INC CL-A COM STK
IHS
| $100M | 1.74% |
737,023
+47,749
| +7% | +$5.96M |
2013 Q2
4 quarters
|
|
20
LKQ Corp
LKQ
$4.91B
| $96.1M | 1.68% |
3,601,705
+273,578
| +8% | +$7.56M |
2013 Q2
4 quarters
|
|
21
DELISTED
Stericycle Inc
SRCL
| $94.7M | 1.65% |
799,400
+56,090
| +8% | +$6.42M |
2013 Q2
4 quarters
|
|
|
ATHN
22
DELISTED
Athenahealth, Inc.
ATHN
| $93.7M | 1.63% |
748,726
+25,326
| +4% | +$3.27M |
2013 Q2
4 quarters
|
|
|
LLTC
23
DELISTED
Linear Technology Corp
LLTC
| $91.6M | 1.6% |
1,945,042
+124,767
| +7% | +$5.78M |
2013 Q2
4 quarters
|
|
|
IPCM
24
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $89M | 1.55% |
2,013,080
+85,970
| +4% | +$3.74M |
2013 Q2
4 quarters
|
|
|
CCMP
25
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $88.5M | 1.54% |
1,981,864
+59,394
| +3% | +$2.57M |
2013 Q2
4 quarters
|
|
Similar funds
Riverbridge Partners's Q2 2014 Portfolio in Review
As of Q2 2014, Riverbridge Partners held 134 positions worth $5.74B, up 3.8% from $5.53B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Riverbridge Partners deployed $296M of net new capital in Q2 2014, opening 6 new positions and adding to 90 existing holdings. Its largest new stake was Verisk Analytics: 645,429 shares worth $38.7M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was KINDER MORGAN MANAGEMENT LLC, an estimated $25.4M trimmed.
- Riverbridge Partners's largest Q2 2014 buy was Verisk Analytics: 645,429 shares worth $38.7M.
- Riverbridge Partners added most to Healthcare Services Group in Q2 2014, an estimated $42.9M increase.
- Riverbridge Partners's biggest Q2 2014 reduction was KINDER MORGAN MANAGEMENT LLC, cutting an estimated $25.4M.
- Riverbridge Partners fully exited Baxter International in Q2 2014, selling an estimated $1.63M.
- Riverbridge Partners's ten largest holdings make up 29% of its $5.74B portfolio in Q2 2014.
- Riverbridge Partners opened 6 new positions and closed 5 in Q2 2014.
- Riverbridge Partners's portfolio value rose 3.8% quarter-over-quarter to $5.74B.
Based on Riverbridge Partners's 13F filing for Q2 2014, filed 31 Jul 2014.