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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
+19.22%
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
$2.56B
AUM Growth
-$124M
(-4.6%)
Cap. Flow
-$521M
Cap. Flow
% of AUM
-20.37%
Top 10 Holdings %
Top 10 Hldgs %
93.04%
Holding
26
New
5
Increased
4
Reduced
7
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fomento Económico Mexicano
FMX
|
+$122M |
| 2 |
RCM
R1 RCM Inc. Common Stock
RCM
|
+$86.2M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$83.1M |
| 4 |
Spectrum Brands
SPB
|
+$53M |
| 5 |
Okta
OKTA
|
+$49.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elanco Animal Health
ELAN
|
+$314M |
| 2 |
Olin
OLN
|
+$159M |
| 3 |
DEN
Denbury Inc.
DEN
|
+$123M |
| 4 |
LivaNova
LIVN
|
+$69M |
| 5 |
ARNC
Arconic Corporation
ARNC
|
+$50.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 39.75% |
| 2 | Consumer Staples | 32.75% |
| 3 | Technology | 20.28% |
| 4 | Industrials | 2.9% |
| 5 | Healthcare | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
International Flavors & Fragrances
IFF
$20.3B
| $676M | 26.4% |
6,446,239
+190,000
| +3% | +$18.7M |
|
2
US Foods
USFD
$22.1B
| $644M | 25.16% |
18,932,877
| – | – |
|
|
3
Olin
OLN
$2.53B
| $341M | 13.34% |
6,450,000
-3,000,000
| -32% | -$159M |
|
4
Flex
FLEX
$41B
| $231M | 9.04% |
14,311,695
+152,605
| +1% | +$2.29M |
|
|
5
Fomento Económico Mexicano
FMX
$43.2B
| $130M | 5.08% |
+1,664,500
| New | +$122M |
|
|
ATVI
6
DELISTED
Activision Blizzard
ATVI
| $85.7M | 3.35% |
+1,119,300
| New | +$83.1M |
|
|
RCM
7
DELISTED
R1 RCM Inc. Common Stock
RCM
| $74.4M | 2.9% |
+6,790,000
| New | +$86.2M |
|
8
Uber
UBER
$143B
| $68.9M | 2.69% |
2,784,500
+254,500
| +10% | +$6.96M |
|
|
SMAR
9
DELISTED
Smartsheet Inc.
SMAR
| $65.7M | 2.57% |
1,670,000
| – | – |
|
|
10
Spectrum Brands
SPB
$2.04B
| $64M | 2.5% |
+1,051,000
| New | +$53M |
|
|
11
Okta
OKTA
$24.4B
| $59.2M | 2.31% |
+866,500
| New | +$49.5M |
|
|
12
Elanco Animal Health
ELAN
$13.2B
| $41.8M | 1.63% |
3,422,678
-25,212,822
| -88% | -$314M |
|
|
NEWR
13
DELISTED
New Relic, Inc.
NEWR
| $36.4M | 1.42% |
645,000
-345,000
| -35% | -$19.5M |
|
14
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $15.2M | 0.59% |
39,800
+16,500
| +71% | +$6.34M |
|
|
15
LivaNova
LIVN
$4.45B
| $10.3M | 0.4% |
185,000
-1,350,000
| -88% | -$69M |
|
16
Elastic
ESTC
$6.68B
| $8.25M | 0.32% |
160,178
-582,422
| -78% | -$34.9M |
|
|
MNTV
17
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $6.26M | 0.24% |
895,000
-6,070,000
| -87% | -$43.8M |
|
18
Opendoor
OPEN
$3.69B
| $563K | 0.02% |
501,167
-3,859,500
| -89% | -$7.4M |
|
19
Bausch + Lomb
BLCO
$6.06B
| – | – |
-1,430,000
| Closed | -$21.9M |
|
20
Compass
COMP
$8.56B
| – | – |
-5,436,084
| Closed | -$12.6M |
|
21
Salesforce
CRM
$148B
| – | – |
-271,900
| Closed | -$39.1M |
|
22
Lyft
LYFT
$5.9B
| – | – |
-1,875,000
| Closed | -$24.7M |
|
|
PTVE
23
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| – | – |
-3,375,000
| Closed | -$29.5M |
|
|
EQRXW
24
DELISTED
EQRx, Inc. Warrant
EQRXW
| – | – |
-200,000
| Closed | -$164K |
|
|
DEN
25
DELISTED
Denbury Inc.
DEN
| – | – |
-1,429,000
| Closed | -$123M |
|
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Sachem Head Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Sachem Head Capital Management held 26 positions worth $2.56B, down 4.6% from $2.68B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Sachem Head Capital Management withdrew a net $521M in Q4 2022, closing 8 positions and reducing 7 holdings. Its most notable exit was Denbury Inc., an estimated $123M position sold in full.
By sector, the portfolio is most concentrated in Materials at 40% of assets, up from 36% a quarter earlier, followed by Consumer Staples and Technology.
Against the trend, Sachem Head Capital Management opened a new position in Fomento Económico Mexicano worth $130M.
- Sachem Head Capital Management's largest Q4 2022 buy was Fomento Económico Mexicano: 1,664,500 shares worth $130M.
- Sachem Head Capital Management added most to International Flavors & Fragrances in Q4 2022, an estimated $18.7M increase.
- Sachem Head Capital Management's biggest Q4 2022 reduction was Elanco Animal Health, cutting an estimated $314M.
- Sachem Head Capital Management fully exited Denbury Inc. in Q4 2022, selling an estimated $123M.
- Sachem Head Capital Management's ten largest holdings make up 93% of its $2.56B portfolio in Q4 2022.
- Sachem Head Capital Management opened 5 new positions and closed 8 in Q4 2022.
- Sachem Head Capital Management's portfolio value fell 4.6% quarter-over-quarter to $2.56B.
Based on Sachem Head Capital Management's 13F filing for Q4 2022, filed 10 Feb 2023.