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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
+7.86%
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
$2.26B
AUM Growth
-$301M
(-12%)
Cap. Flow
-$422M
Cap. Flow
% of AUM
-18.71%
Top 10 Holdings %
Top 10 Hldgs %
95.09%
Holding
22
New
4
Increased
5
Reduced
6
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$90.7M |
| 2 |
RB Global
RBA
|
+$58.2M |
| 3 |
Spectrum Brands
SPB
|
+$29.2M |
| 4 |
International Flavors & Fragrances
IFF
|
+$23.7M |
| 5 |
ARNC
Arconic Corporation
ARNC
|
+$20.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Olin
OLN
|
+$263M |
| 2 |
Flex
FLEX
|
+$103M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$85.7M |
| 4 |
SMAR
Smartsheet Inc.
SMAR
|
+$65.7M |
| 5 |
Elanco Animal Health
ELAN
|
+$41.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 40.49% |
| 2 | Materials | 31.78% |
| 3 | Technology | 18.89% |
| 4 | Industrials | 8.38% |
| 5 | Healthcare | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
US Foods
USFD
$22.1B
| $699M | 30.97% |
18,932,877
| – | – |
|
|
2
International Flavors & Fragrances
IFF
$20.3B
| $615M | 27.22% |
6,684,539
+238,300
| +4% | +$23.7M |
|
|
3
Flex
FLEX
$41B
| $145M | 6.41% |
8,353,465
-5,958,230
| -42% | -$103M |
|
4
Fomento Económico Mexicano
FMX
$43.2B
| $115M | 5.08% |
1,205,000
-459,500
| -28% | -$40.2M |
|
|
RCM
5
DELISTED
R1 RCM Inc. Common Stock
RCM
| $112M | 4.94% |
7,435,000
+645,000
| +9% | +$8.83M |
|
|
6
Salesforce
CRM
$148B
| $107M | 4.75% |
+537,100
| New | +$90.7M |
|
|
7
Olin
OLN
$2.53B
| $103M | 4.56% |
1,855,000
-4,595,000
| -71% | -$263M |
|
|
8
Spectrum Brands
SPB
$2.04B
| $100M | 4.44% |
1,512,700
+461,700
| +44% | +$29.2M |
|
9
Uber
UBER
$143B
| $96.2M | 4.26% |
3,034,500
+250,000
| +9% | +$7.93M |
|
|
10
RB Global
RBA
$20.5B
| $55.6M | 2.46% |
+987,500
| New | +$58.2M |
|
11
Okta
OKTA
$24.4B
| $52.3M | 2.32% |
606,500
-260,000
| -30% | -$19.8M |
|
|
ARNC
12
DELISTED
Arconic Corporation
ARNC
| $22.1M | 0.98% |
+841,895
| New | +$20.7M |
|
13
Elastic
ESTC
$6.68B
| $13.3M | 0.59% |
230,100
+69,922
| +44% | +$3.98M |
|
14
Nextpower Inc
NXT
$14.7B
| $12.7M | 0.56% |
+350,000
| New | +$11.1M |
|
15
LivaNova
LIVN
$4.45B
| $6.19M | 0.27% |
142,000
-43,000
| -23% | -$2.18M |
|
16
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $3.4M | 0.15% |
8,300
-31,500
| -79% | -$12.6M |
|
17
Opendoor
OPEN
$3.69B
| $854K | 0.04% |
501,167
| – | – |
|
|
18
Elanco Animal Health
ELAN
$13.2B
| – | – |
-3,422,678
| Closed | -$41.8M |
|
|
SMAR
19
DELISTED
Smartsheet Inc.
SMAR
| – | – |
-1,670,000
| Closed | -$65.7M |
|
|
NEWR
20
DELISTED
New Relic, Inc.
NEWR
| – | – |
-645,000
| Closed | -$36.4M |
|
|
MNTV
21
DELISTED
Momentive Global Inc. Common Stock
MNTV
| – | – |
-895,000
| Closed | -$6.26M |
|
|
ATVI
22
DELISTED
Activision Blizzard
ATVI
| – | – |
-1,119,300
| Closed | -$85.7M |
|
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Sachem Head Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Sachem Head Capital Management held 22 positions worth $2.26B, down 12% from $2.56B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Sachem Head Capital Management withdrew a net $422M in Q1 2023, closing 5 positions and reducing 6 holdings. Its most notable exit was Activision Blizzard, an estimated $85.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 40% of assets, up from 33% a quarter earlier, followed by Materials and Technology.
Against the trend, Sachem Head Capital Management opened a new position in Salesforce worth $107M.
- Sachem Head Capital Management's largest Q1 2023 buy was Salesforce: 537,100 shares worth $107M.
- Sachem Head Capital Management added most to Spectrum Brands in Q1 2023, an estimated $29.2M increase.
- Sachem Head Capital Management's biggest Q1 2023 reduction was Olin, cutting an estimated $263M.
- Sachem Head Capital Management fully exited Activision Blizzard in Q1 2023, selling an estimated $85.7M.
- Sachem Head Capital Management's ten largest holdings make up 95% of its $2.26B portfolio in Q1 2023.
- Sachem Head Capital Management opened 4 new positions and closed 5 in Q1 2023.
- Sachem Head Capital Management's portfolio value fell 12% quarter-over-quarter to $2.26B.
Based on Sachem Head Capital Management's 13F filing for Q1 2023, filed 15 May 2023.