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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
+8.99%
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
$2B
AUM Growth
+$36.3M
(+1.9%)
Cap. Flow
-$125M
Cap. Flow
% of AUM
-6.26%
Top 10 Holdings %
Top 10 Hldgs %
77.84%
Holding
19
New
2
Increased
2
Reduced
5
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Neogen
NEOG
|
+$98.8M |
| 2 |
SBA Communications
SBAC
|
+$67.8M |
| 3 |
SGI
Somnigroup International
SGI
|
+$36.5M |
| 4 |
AB InBev
BUD
|
+$25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNB
Dun & Bradstreet
DNB
|
+$72.8M |
| 2 |
Dollar Tree
DLTR
|
+$63.4M |
| 3 |
Danaher
DHR
|
+$57.8M |
| 4 |
Five Below
FIVE
|
+$39.5M |
| 5 |
Intuit
INTU
|
+$37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.09% |
| 2 | Healthcare | 15.6% |
| 3 | Financials | 10.07% |
| 4 | Consumer Discretionary | 6.47% |
| 5 | Real Estate | 6.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Nice
NICE
$5.79B
| $230M | 11.51% |
881,250
-120,000
| -12% | -$27.2M |
|
2
AptarGroup
ATR
$8.54B
| $218M | 10.93% |
1,515,767
-135,733
| -8% | -$18.4M |
|
3
Mastercard
MA
$510B
| $201M | 10.07% |
417,157
| – | – |
|
4
PTC
PTC
$15.7B
| $158M | 7.89% |
833,800
| – | – |
|
|
FISV
5
Fiserv Inc
FISV
$28.8B
| $154M | 7.73% |
964,800
| – | – |
|
6
Fidelity National Information Services
FIS
$23.8B
| $135M | 6.76% |
1,819,700
| – | – |
|
|
7
SBA Communications
SBAC
$19.3B
| $120M | 6.03% |
555,000
+305,000
| +122% | +$67.8M |
|
8
Workday
WDAY
$39B
| $116M | 5.81% |
425,350
-130,000
| -23% | -$37M |
|
9
Sherwin-Williams
SHW
$83.7B
| $113M | 5.66% |
325,000
| – | – |
|
10
Canadian National Railway
CNI
$76.9B
| $109M | 5.45% |
825,000
| – | – |
|
|
11
Intuit
INTU
$86.3B
| $103M | 5.15% |
158,000
-58,000
| -27% | -$37M |
|
|
12
Neogen
NEOG
$2.51B
| $93.1M | 4.67% |
+5,900,000
| New | +$98.8M |
|
|
13
Five Below
FIVE
$12.1B
| $89.3M | 4.47% |
492,200
-205,000
| -29% | -$39.5M |
|
|
14
AB InBev
BUD
$166B
| $72.9M | 3.66% |
1,200,000
+400,000
| +50% | +$25M |
|
15
BlackLine
BL
$1.8B
| $44.5M | 2.23% |
689,243
| – | – |
|
|
SGI
16
Somnigroup International
SGI
$14.1B
| $39.8M | 1.99% |
+700,000
| New | +$36.5M |
|
|
17
Danaher
DHR
$138B
| – | – |
-250,000
| Closed | -$57.8M |
|
|
18
Dollar Tree
DLTR
$24.7B
| – | – |
-446,003
| Closed | -$63.4M |
|
|
DNB
19
DELISTED
Dun & Bradstreet
DNB
| – | – |
-6,218,500
| Closed | -$72.8M |
|
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Rivulet Capital's Q1 2024 Portfolio in Review
As of Q1 2024, Rivulet Capital held 19 positions worth $2B, up 1.9% from $1.96B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Rivulet Capital withdrew a net $125M in Q1 2024, closing 3 positions and reducing 5 holdings. Its most notable exit was Dun & Bradstreet, an estimated $72.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 47% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Rivulet Capital opened a new position in Neogen worth $93.1M.
- Rivulet Capital's largest Q1 2024 buy was Neogen: 5,900,000 shares worth $93.1M.
- Rivulet Capital added most to SBA Communications in Q1 2024, an estimated $67.8M increase.
- Rivulet Capital's biggest Q1 2024 reduction was Five Below, cutting an estimated $39.5M.
- Rivulet Capital fully exited Dun & Bradstreet in Q1 2024, selling an estimated $72.8M.
- Rivulet Capital's ten largest holdings make up 78% of its $2B portfolio in Q1 2024.
- Rivulet Capital opened 2 new positions and closed 3 in Q1 2024.
- Rivulet Capital's portfolio value rose 1.9% quarter-over-quarter to $2B.
Based on Rivulet Capital's 13F filing for Q1 2024, filed 15 May 2024.