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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
-10.38%
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
$2.14B
AUM Growth
-$253M
(-11%)
Cap. Flow
-$111M
Cap. Flow
% of AUM
-5.19%
Top 10 Holdings %
Top 10 Hldgs %
95.89%
Holding
21
New
5
Increased
3
Reduced
4
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
International Flavors & Fragrances
IFF
|
+$151M |
| 2 |
Humana
HUM
|
+$126M |
| 3 |
MASI
Masimo
MASI
|
+$73.8M |
| 4 |
Fortrea Holdings
FTRE
|
+$58.9M |
| 5 |
GTM
ZoomInfo Technologies
GTM
|
+$31.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DEN
Denbury Inc.
DEN
|
+$102M |
| 2 |
Flex
FLEX
|
+$68M |
| 3 |
Spectrum Brands
SPB
|
+$61.9M |
| 4 |
Okta
OKTA
|
+$60.7M |
| 5 |
RB Global
RBA
|
+$59.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 38.26% |
| 2 | Materials | 27.8% |
| 3 | Healthcare | 11.36% |
| 4 | Technology | 10.65% |
| 5 | Industrials | 3.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
US Foods
USFD
$22.5B
| $752M | 35.1% |
18,932,877
| – | – |
|
|
2
International Flavors & Fragrances
IFF
$20.3B
| $595M | 27.8% |
8,730,639
+2,066,800
| +31% | +$151M |
|
3
PUT
Invesco Aerospace & Defense ETF
PPA
$8.07B
| $157M | 7.35% |
+1,110,000
| New | +$92.8M |
|
|
4
Humana
HUM
$43.9B
| $131M | 6.11% |
+268,700
| New | +$126M |
|
5
Salesforce
CRM
$154B
| $115M | 5.35% |
565,400
+141,000
| +33% | +$30.5M |
|
|
RCM
6
DELISTED
R1 RCM Inc. Common Stock
RCM
| $70.2M | 3.28% |
4,660,800
-447,200
| -9% | -$7.52M |
|
7
Fomento Económico Mexicano
FMX
$41.2B
| $67.7M | 3.16% |
620,000
-183,700
| -23% | -$20.4M |
|
|
8
Fortrea Holdings
FTRE
$1.93B
| $56.9M | 2.66% |
+1,990,000
| New | +$58.9M |
|
|
MASI
9
DELISTED
Masimo
MASI
| $55.6M | 2.6% |
+634,100
| New | +$73.8M |
|
|
10
Flex
FLEX
$37.7B
| $53.3M | 2.49% |
2,620,825
-3,353,993
| -56% | -$68M |
|
|
11
Okta
OKTA
$23.8B
| $35M | 1.63% |
429,000
-801,000
| -65% | -$60.7M |
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $27.9M | 1.3% |
65,300
+45,600
| +231% | +$20.3M |
|
|
GTM
13
ZoomInfo Technologies
GTM
$1.03B
| $25.2M | 1.18% |
+1,535,000
| New | +$31.4M |
|
14
Elastic
ESTC
$6.7B
| – | – |
-912,800
| Closed | -$58.5M |
|
15
Olin
OLN
$2.53B
| – | – |
-785,000
| Closed | -$40.3M |
|
16
Opendoor
OPEN
$3.54B
| – | – |
-501,167
| Closed | -$1.95M |
|
|
17
RB Global
RBA
$21.5B
| – | – |
-987,500
| Closed | -$59.3M |
|
18
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$97.3B
| – | – |
-1,250,000
| Closed | -$187M |
|
|
19
Spectrum Brands
SPB
$2.03B
| – | – |
-792,500
| Closed | -$61.9M |
|
|
CTLT
20
DELISTED
CATALENT, INC.
CTLT
| – | – |
-662,000
| Closed | -$28.7M |
|
|
DEN
21
DELISTED
Denbury Inc.
DEN
| – | – |
-1,180,000
| Closed | -$102M |
|
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Sachem Head Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Sachem Head Capital Management held 21 positions worth $2.14B, down 11% from $2.39B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Sachem Head Capital Management withdrew a net $111M in Q3 2023, closing 8 positions and reducing 4 holdings. Its most notable exit was Denbury Inc., an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 38% of assets, down from 41% a quarter earlier, followed by Materials and Healthcare.
Against the trend, Sachem Head Capital Management opened a new position in Humana worth $131M.
- Sachem Head Capital Management's largest Q3 2023 buy was Humana: 268,700 shares worth $131M.
- Sachem Head Capital Management added most to International Flavors & Fragrances in Q3 2023, an estimated $151M increase.
- Sachem Head Capital Management's biggest Q3 2023 reduction was Flex, cutting an estimated $68M.
- Sachem Head Capital Management fully exited Denbury Inc. in Q3 2023, selling an estimated $102M.
- Sachem Head Capital Management's ten largest holdings make up 96% of its $2.14B portfolio in Q3 2023.
- Sachem Head Capital Management opened 5 new positions and closed 8 in Q3 2023.
- Sachem Head Capital Management's portfolio value fell 11% quarter-over-quarter to $2.14B.
Based on Sachem Head Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.