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Rivulet Capital Portfolio holdings
AUM
$91.2M
1-Year Est. Return
6.8%
This Fund
S&P 500
This Quarter
Est. Return
-2.82%
1 Year Est. Return
-6.8%
3 Year Est. Return
+27.38%
5 Year Est. Return
+23.68%
10 Year Est. Return
+190.02%
AUM
$1.63B
AUM Growth
-$290M
(-15%)
Cap. Flow
-$178M
Cap. Flow
% of AUM
-10.91%
Top 10 Holdings %
Top 10 Hldgs %
80.13%
Holding
20
New
2
Increased
4
Reduced
10
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Workday
WDAY
|
+$142M |
| 2 |
PayPal
PYPL
|
+$104M |
| 3 |
Five Below
FIVE
|
+$58.3M |
| 4 |
Fidelity National Information Services
FIS
|
+$24.8M |
| 5 |
Nice
NICE
|
+$9.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$98.7M |
| 2 |
Liberty Broadband Class C
LBRDK
|
+$87.7M |
| 3 |
AVLR
Avalara, Inc.
AVLR
|
+$84.8M |
| 4 |
Global Payments
GPN
|
+$57.8M |
| 5 |
Take-Two Interactive
TTWO
|
+$50.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 48.68% |
| 2 | Financials | 19.74% |
| 3 | Healthcare | 9.86% |
| 4 | Consumer Discretionary | 8.12% |
| 5 | Materials | 6.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Fidelity National Information Services
FIS
$23.8B
| $170M | 10.4% |
2,244,700
+266,050
| +13% | +$24.8M |
|
2
AptarGroup
ATR
$8.54B
| $161M | 9.86% |
1,692,500
-83,950
| -5% | -$8.74M |
|
|
3
Nice
NICE
$5.79B
| $159M | 9.77% |
846,250
+47,250
| +6% | +$9.87M |
|
|
4
Workday
WDAY
$39B
| $138M | 8.49% |
+909,150
| New | +$142M |
|
|
FISV
5
Fiserv Inc
FISV
$28.8B
| $136M | 8.32% |
1,449,900
-378,350
| -21% | -$38.6M |
|
6
Mastercard
MA
$510B
| $133M | 8.17% |
468,507
-33,500
| -7% | -$11.1M |
|
|
7
Five Below
FIVE
$12.1B
| $112M | 6.88% |
814,600
+444,000
| +120% | +$58.3M |
|
8
Axalta
AXTA
$7.71B
| $109M | 6.67% |
5,167,142
-462,850
| -8% | -$11.4M |
|
|
9
PayPal
PYPL
$49.3B
| $101M | 6.22% |
+1,178,100
| New | +$104M |
|
|
DNB
10
DELISTED
Dun & Bradstreet
DNB
| $87.2M | 5.35% |
7,038,900
-875,750
| -11% | -$13M |
|
11
Dollar Tree
DLTR
$24.7B
| $74.1M | 4.54% |
544,203
-141,503
| -21% | -$22M |
|
12
Fair Isaac
FICO
$24.6B
| $72M | 4.42% |
174,800
-49,600
| -22% | -$22.5M |
|
13
Clarivate
CLVT
$1.29B
| $60.4M | 3.7% |
6,429,450
+407,050
| +7% | +$5.15M |
|
14
PTC
PTC
$15.7B
| $58.5M | 3.58% |
558,800
-27,750
| -5% | -$3.17M |
|
|
15
Global Payments
GPN
$23.8B
| $38.9M | 2.38% |
359,850
-468,350
| -57% | -$57.8M |
|
|
SEE
16
DELISTED
Sealed Air
SEE
| $20.2M | 1.24% |
454,323
-232,450
| -34% | -$12.8M |
|
|
17
Comcast
CMCSA
$84B
| – | – |
-2,515,285
| Closed | -$98.7M |
|
|
18
Liberty Broadband Class C
LBRDK
$4.79B
| – | – |
-758,800
| Closed | -$87.7M |
|
|
19
Take-Two Interactive
TTWO
$46.3B
| – | – |
-413,050
| Closed | -$50.6M |
|
|
AVLR
20
DELISTED
Avalara, Inc.
AVLR
| – | – |
-1,200,600
| Closed | -$84.8M |
|
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Rivulet Capital's Q3 2022 Portfolio in Review
As of Q3 2022, Rivulet Capital held 20 positions worth $1.63B, down 15% from $1.92B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Rivulet Capital withdrew a net $178M in Q3 2022, closing 4 positions and reducing 10 holdings. Its most notable exit was Comcast, an estimated $98.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 43% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Rivulet Capital opened a new position in Workday worth $138M.
- Rivulet Capital's largest Q3 2022 buy was Workday: 909,150 shares worth $138M.
- Rivulet Capital added most to Five Below in Q3 2022, an estimated $58.3M increase.
- Rivulet Capital's biggest Q3 2022 reduction was Global Payments, cutting an estimated $57.8M.
- Rivulet Capital fully exited Comcast in Q3 2022, selling an estimated $98.7M.
- Rivulet Capital's ten largest holdings make up 80% of its $1.63B portfolio in Q3 2022.
- Rivulet Capital opened 2 new positions and closed 4 in Q3 2022.
- Rivulet Capital's portfolio value fell 15% quarter-over-quarter to $1.63B.
Based on Rivulet Capital's 13F filing for Q3 2022, filed 14 Nov 2022.