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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
-10.62%
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
$1.44B
AUM Growth
-$551M
(-28%)
Cap. Flow
-$362M
Cap. Flow
% of AUM
-25.05%
Top 10 Holdings %
Top 10 Hldgs %
84.18%
Holding
17
New
1
Increased
4
Reduced
7
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Workday
WDAY
|
+$45.7M |
| 2 |
SGI
Somnigroup International
SGI
|
+$30.4M |
| 3 |
Middleby
MIDD
|
+$29.8M |
| 4 |
SBA Communications
SBAC
|
+$16.8M |
| 5 |
Canadian National Railway
CNI
|
+$9.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuit
INTU
|
+$103M |
| 2 |
Five Below
FIVE
|
+$89.3M |
| 3 |
AptarGroup
ATR
|
+$81.4M |
| 4 |
BlackLine
BL
|
+$44.5M |
| 5 |
FISV
Fiserv Inc
FISV
|
+$42.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.51% |
| 2 | Healthcare | 14.16% |
| 3 | Financials | 10.6% |
| 4 | Industrials | 9.23% |
| 5 | Real Estate | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Mastercard
MA
$510B
| $153M | 10.6% |
347,157
-70,000
| -17% | -$31.9M |
|
|
2
Workday
WDAY
$39B
| $138M | 9.52% |
615,350
+190,000
| +45% | +$45.7M |
|
3
Nice
NICE
$5.79B
| $134M | 9.3% |
781,250
-100,000
| -11% | -$20.6M |
|
|
4
AptarGroup
ATR
$8.54B
| $134M | 9.29% |
953,253
-562,514
| -37% | -$81.4M |
|
5
PTC
PTC
$15.7B
| $131M | 9.1% |
723,800
-110,000
| -13% | -$19.7M |
|
|
6
SBA Communications
SBAC
$19.3B
| $126M | 8.7% |
640,000
+85,000
| +15% | +$16.8M |
|
|
7
Canadian National Railway
CNI
$76.9B
| $106M | 7.36% |
900,000
+75,000
| +9% | +$9.39M |
|
|
FISV
8
Fiserv Inc
FISV
$28.8B
| $102M | 7.07% |
685,000
-279,800
| -29% | -$42.4M |
|
9
Sherwin-Williams
SHW
$83.7B
| $97M | 6.71% |
325,000
| – | – |
|
10
Fidelity National Information Services
FIS
$23.8B
| $94.2M | 6.52% |
1,250,000
-569,700
| -31% | -$42.2M |
|
11
Neogen
NEOG
$2.51B
| $70.3M | 4.87% |
4,497,942
-1,402,058
| -24% | -$19.5M |
|
12
AB InBev
BUD
$166B
| $69.8M | 4.83% |
1,200,000
| – | – |
|
|
SGI
13
Somnigroup International
SGI
$14.1B
| $61.5M | 4.26% |
1,300,000
+600,000
| +86% | +$30.4M |
|
|
14
Middleby
MIDD
$6.03B
| $27M | 1.87% |
+220,000
| New | +$29.8M |
|
|
15
BlackLine
BL
$1.8B
| – | – |
-689,243
| Closed | -$44.5M |
|
|
16
Five Below
FIVE
$12.1B
| – | – |
-492,200
| Closed | -$89.3M |
|
|
17
Intuit
INTU
$86.3B
| – | – |
-158,000
| Closed | -$103M |
|
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Rivulet Capital's Q2 2024 Portfolio in Review
As of Q2 2024, Rivulet Capital held 17 positions worth $1.44B, down 28% from $2B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Rivulet Capital withdrew a net $362M in Q2 2024, closing 3 positions and reducing 7 holdings. Its most notable exit was Intuit, an estimated $103M position sold in full.
By sector, the portfolio is most concentrated in Technology at 42% of assets, down from 47% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Rivulet Capital opened a new position in Middleby worth $27M.
- Rivulet Capital's largest Q2 2024 buy was Middleby: 220,000 shares worth $27M.
- Rivulet Capital added most to Workday in Q2 2024, an estimated $45.7M increase.
- Rivulet Capital's biggest Q2 2024 reduction was AptarGroup, cutting an estimated $81.4M.
- Rivulet Capital fully exited Intuit in Q2 2024, selling an estimated $103M.
- Rivulet Capital's ten largest holdings make up 84% of its $1.44B portfolio in Q2 2024.
- Rivulet Capital opened 1 new position and closed 3 in Q2 2024.
- Rivulet Capital's portfolio value fell 28% quarter-over-quarter to $1.44B.
Based on Rivulet Capital's 13F filing for Q2 2024, filed 14 Aug 2024.