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 |
FLTX
Fleetmatics Group PLC
FLTX
|
+$33.6M |
| 2 |
2U Inc
TWOU
|
+$24.5M |
| 3 |
Paylocity
PCTY
|
+$20.5M |
| 4 |
NATI
National Instruments Corp
NATI
|
+$16M |
| 5 |
Inovalon Holdings, Inc. Class A Common Stock
INOV
|
+$13.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVT
CVENT, INC.
CVT
|
+$58.4M |
| 2 |
EXAM
EXAMWORKS GROUP INC COM STK (DE)
EXAM
|
+$58.1M |
| 3 |
Echo Global Logistics, Inc.
ECHO
|
+$49.7M |
| 4 |
SQI
SCIQUEST, INC. COMMON STOCK
SQI
|
+$26.9M |
| 5 |
Ultimate Software Group Inc
ULTI
|
+$24.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.51% |
| 2 | Healthcare | 22.62% |
| 3 | Industrials | 22.45% |
| 4 | Consumer Discretionary | 11.76% |
| 5 | Consumer Staples | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
DELISTED
Ultimate Software Group Inc
ULTI
| $176M | 3.64% |
834,610
-125,085
| -13% | -$24.8M |
2013 Q2
12 quarters
|
|
2
CoStar Group
CSGP
$12.3B
| $164M | 3.41% |
7,518,840
-229,010
| -3% | -$4.53M |
2013 Q2
12 quarters
|
|
3
RB Global
RBA
$17.3B
| $143M | 2.97% |
4,239,850
-134,010
| -3% | -$4.15M |
2013 Q2
12 quarters
|
|
4
Healthcare Services Group
HCSG
$1.64B
| $141M | 2.93% |
3,412,357
-103,867
| -3% | -$3.99M |
2014 Q1
9 quarters
|
|
|
ATHN
5
DELISTED
Athenahealth, Inc.
ATHN
| $135M | 2.8% |
980,305
+15,726
| +2% | +$2.08M |
2013 Q2
12 quarters
|
|
|
NATI
6
DELISTED
National Instruments Corp
NATI
| $133M | 2.75% |
4,838,193
+574,765
| +13% | +$16M |
2013 Q2
12 quarters
|
|
7
Grand Canyon Education
LOPE
$3.07B
| $123M | 2.54% |
3,071,098
-104,207
| -3% | -$4.4M |
2013 Q2
12 quarters
|
|
|
CPHD
8
DELISTED
Cepheid Inc
CPHD
| $113M | 2.35% |
3,679,175
-99,944
| -3% | -$3.02M |
2013 Q2
12 quarters
|
|
9
Chemed
CHE
$6.84B
| $112M | 2.32% |
822,643
-25,659
| -3% | -$3.4M |
2013 Q2
12 quarters
|
|
10
Gentex
GNTX
$4.19B
| $111M | 2.3% |
7,192,045
-198,191
| -3% | -$3.15M |
2013 Q2
12 quarters
|
|
11
Protolabs
PRLB
$1.57B
| $101M | 2.09% |
1,752,146
-44,073
| -2% | -$2.94M |
2013 Q2
12 quarters
|
|
12
Fastenal
FAST
$60.8B
| $91.5M | 1.9% |
8,247,652
-75,512
| -0.9% | -$863K |
2013 Q2
12 quarters
|
|
13
HEICO Corp
HEI
$46.5B
| $89.3M | 1.85% |
3,261,506
+271,897
| +9% | +$7.03M |
2015 Q1
5 quarters
|
|
14
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $89M | 1.84% |
1,956,978
-67,755
| -3% | -$2.92M |
2013 Q2
12 quarters
|
|
15
Five Below
FIVE
$13.2B
| $83.1M | 1.72% |
1,790,309
-51,931
| -3% | -$2.17M |
2013 Q2
12 quarters
|
|
|
LLTC
16
DELISTED
Linear Technology Corp
LLTC
| $82.2M | 1.7% |
1,765,921
-11,550
| -0.6% | -$528K |
2013 Q2
12 quarters
|
|
17
Bio-Techne
TECH
$11.4B
| $78.8M | 1.63% |
2,794,900
-91,732
| -3% | -$2.36M |
2013 Q2
12 quarters
|
|
|
ABCO
18
DELISTED
Advisory Board Co
ABCO
| $77.8M | 1.61% |
2,198,700
-75,020
| -3% | -$2.47M |
2013 Q2
12 quarters
|
|
19
Neogen
NEOG
$2.57B
| $77.4M | 1.6% |
3,669,888
-95,637
| -3% | -$1.78M |
2013 Q2
12 quarters
|
|
20
LKQ Corp
LKQ
$5.06B
| $77.3M | 1.6% |
2,438,319
-709,445
| -23% | -$23M |
2013 Q2
12 quarters
|
|
21
Maximus
MMS
$3.43B
| $76.7M | 1.59% |
1,385,634
-52,539
| -4% | -$2.83M |
2013 Q2
12 quarters
|
|
|
FLTX
22
DELISTED
Fleetmatics Group PLC
FLTX
| $75M | 1.55% |
1,730,783
+842,824
| +95% | +$33.6M |
2015 Q3
3 quarters
|
|
23
United Natural Foods
UNFI
$2.72B
| $74.1M | 1.54% |
1,584,040
-49,842
| -3% | -$1.91M |
2013 Q2
12 quarters
|
|
24
DELISTED
IHS INC CL-A COM STK
IHS
| $73.6M | 1.53% |
636,322
-6,616
| -1% | -$794K |
2013 Q2
12 quarters
|
|
25
PRA Group
PRAA
$486M
| $71.7M | 1.49% |
2,970,224
-91,751
| -3% | -$2.56M |
2013 Q2
12 quarters
|
|
Similar funds
Riverbridge Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Riverbridge Partners held 138 positions worth $4.82B, up 0.48% from $4.8B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Riverbridge Partners withdrew a net $190M in Q2 2016, closing 5 positions and reducing 77 holdings. Its most notable exit was Echo Global Logistics, Inc., an estimated $49.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Riverbridge Partners opened a new position in 2U Inc worth $26.5M.
- Riverbridge Partners's largest Q2 2016 buy was 2U Inc: 30,034 shares worth $26.5M.
- Riverbridge Partners added most to Fleetmatics Group PLC in Q2 2016, an estimated $33.6M increase.
- Riverbridge Partners's biggest Q2 2016 reduction was CVENT, INC., cutting an estimated $58.4M.
- Riverbridge Partners fully exited Echo Global Logistics, Inc. in Q2 2016, selling an estimated $49.7M.
- Riverbridge Partners's ten largest holdings make up 28% of its $4.82B portfolio in Q2 2016.
- Riverbridge Partners opened 3 new positions and closed 5 in Q2 2016.
- Riverbridge Partners's portfolio value rose 0.48% quarter-over-quarter to $4.82B.
Based on Riverbridge Partners's 13F filing for Q2 2016, filed 1 Aug 2016.