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SHCM
Sachem Head Capital Management Portfolio holdings
AUM
$4.15B
1-Year Est. Return
48.05%
This Fund
S&P 500
This Quarter
Est. Return
-11.68%
1 Year Est. Return
+48.05%
3 Year Est. Return
+105.55%
5 Year Est. Return
+99.81%
10 Year Est. Return
+787.49%
AUM
$2.68B
AUM Growth
-$637M
(-19%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-4.18%
Top 10 Holdings %
Top 10 Hldgs %
89.05%
Holding
24
New
4
Increased
4
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DEN
Denbury Inc.
DEN
|
+$110M |
| 2 |
Flex
FLEX
|
+$81.7M |
| 3 |
Salesforce
CRM
|
+$39.3M |
| 4 |
Lyft
LYFT
|
+$28.8M |
| 5 |
Bausch + Lomb
BLCO
|
+$22.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZEN
ZENDESK INC
ZEN
|
+$137M |
| 2 |
FedEx
FDX
|
+$112M |
| 3 |
Uber
UBER
|
+$56.5M |
| 4 |
Hasbro
HAS
|
+$50.8M |
| 5 |
NEWR
New Relic, Inc.
NEWR
|
+$29.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 36.28% |
| 2 | Consumer Staples | 18.66% |
| 3 | Healthcare | 16.97% |
| 4 | Technology | 15.62% |
| 5 | Energy | 4.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
International Flavors & Fragrances
IFF
$20.3B
| $568M | 21.18% |
6,256,239
| – | – |
|
2
US Foods
USFD
$22.5B
| $501M | 18.66% |
18,932,877
| – | – |
|
3
Olin
OLN
$2.53B
| $405M | 15.1% |
9,450,000
| – | – |
|
4
Elanco Animal Health
ELAN
$13.2B
| $355M | 13.24% |
28,635,500
+800,000
| +3% | +$14M |
|
|
5
Flex
FLEX
$37.7B
| $178M | 6.62% |
14,159,090
+6,396,140
| +82% | +$81.7M |
|
|
DEN
6
DELISTED
Denbury Inc.
DEN
| $123M | 4.59% |
+1,429,000
| New | +$110M |
|
7
LivaNova
LIVN
$4.47B
| $77.9M | 2.9% |
1,535,000
-224,500
| -13% | -$13.3M |
|
|
8
Uber
UBER
$145B
| $67M | 2.5% |
2,530,000
-2,046,000
| -45% | -$56.5M |
|
|
SMAR
9
DELISTED
Smartsheet Inc.
SMAR
| $57.4M | 2.14% |
1,670,000
+325,000
| +24% | +$11M |
|
|
NEWR
10
DELISTED
New Relic, Inc.
NEWR
| $56.8M | 2.12% |
990,000
-495,000
| -33% | -$29.7M |
|
11
Elastic
ESTC
$6.7B
| $53.3M | 1.99% |
742,600
| – | – |
|
|
ARNC
12
DELISTED
Arconic Corporation
ARNC
| $50.5M | 1.88% |
2,965,308
-1,111,292
| -27% | -$28.8M |
|
|
MNTV
13
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $40.5M | 1.51% |
6,965,000
| – | – |
|
|
14
Salesforce
CRM
$154B
| $39.1M | 1.46% |
271,900
+231,900
| +580% | +$39.3M |
|
|
PTVE
15
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $29.5M | 1.1% |
3,375,000
| – | – |
|
|
16
Lyft
LYFT
$5.86B
| $24.7M | 0.92% |
+1,875,000
| New | +$28.8M |
|
|
17
Bausch + Lomb
BLCO
$5.78B
| $21.9M | 0.82% |
+1,430,000
| New | +$22.7M |
|
18
Opendoor
OPEN
$3.54B
| $13.1M | 0.49% |
4,360,667
| – | – |
|
19
Compass
COMP
$8.67B
| $12.6M | 0.47% |
5,436,084
| – | – |
|
20
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $8.32M | 0.31% |
+23,300
| New | +$9.25M |
|
|
EQRXW
21
DELISTED
EQRx, Inc. Warrant
EQRXW
| $164K | 0.01% |
200,000
| – | – |
|
|
22
FedEx
FDX
$73B
| – | – |
-493,900
| Closed | -$112M |
|
|
23
Hasbro
HAS
$13.5B
| – | – |
-620,000
| Closed | -$50.8M |
|
|
ZEN
24
DELISTED
ZENDESK INC
ZEN
| – | – |
-1,855,000
| Closed | -$137M |
|
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Sachem Head Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Sachem Head Capital Management held 24 positions worth $2.68B, down 19% from $3.32B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Sachem Head Capital Management withdrew a net $112M in Q3 2022, closing 3 positions and reducing 4 holdings. Its most notable exit was ZENDESK INC, an estimated $137M position sold in full.
By sector, the portfolio is most concentrated in Materials at 36% of assets, up from 36% a quarter earlier, followed by Consumer Staples and Healthcare.
Against the trend, Sachem Head Capital Management opened a new position in Denbury Inc. worth $123M.
- Sachem Head Capital Management's largest Q3 2022 buy was Denbury Inc.: 1,429,000 shares worth $123M.
- Sachem Head Capital Management added most to Flex in Q3 2022, an estimated $81.7M increase.
- Sachem Head Capital Management's biggest Q3 2022 reduction was Uber, cutting an estimated $56.5M.
- Sachem Head Capital Management fully exited ZENDESK INC in Q3 2022, selling an estimated $137M.
- Sachem Head Capital Management's ten largest holdings make up 89% of its $2.68B portfolio in Q3 2022.
- Sachem Head Capital Management opened 4 new positions and closed 3 in Q3 2022.
- Sachem Head Capital Management's portfolio value fell 19% quarter-over-quarter to $2.68B.
Based on Sachem Head Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.