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SCM
Scopia Capital Management Portfolio holdings
AUM
$112M
1-Year Est. Return
48.41%
This Fund
S&P 500
This Quarter
Est. Return
-7.46%
1 Year Est. Return
+48.41%
3 Year Est. Return
+58.7%
5 Year Est. Return
+80.15%
10 Year Est. Return
+533.22%
AUM
$810M
AUM Growth
-$180M
(-18%)
Cap. Flow
-$106M
Cap. Flow
% of AUM
-13.03%
Top 10 Holdings %
Top 10 Hldgs %
63.16%
Holding
39
New
7
Increased
8
Reduced
15
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fortrea Holdings
FTRE
|
+$32.2M |
| 2 |
Harmonic Inc
HLIT
|
+$29.6M |
| 3 |
Warby Parker
WRBY
|
+$18.3M |
| 4 |
Pegasystems
PEGA
|
+$11.5M |
| 5 |
Advanced Micro Devices
AMD
|
+$10.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Indivior Pharmaceuticals
INDV
|
+$29.2M |
| 2 |
Freshworks
FRSH
|
+$25.7M |
| 3 |
Qorvo
QRVO
|
+$24.4M |
| 4 |
Varonis Systems
VRNS
|
+$24M |
| 5 |
Regal Rexnord
RRX
|
+$21.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 33.37% |
| 2 | Technology | 25.57% |
| 3 | Industrials | 23.24% |
| 4 | Consumer Discretionary | 9.62% |
| 5 | Miscellaneous | 5.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Varonis Systems
VRNS
$5.45B
| $8.58M | 1.06% |
281,021
-813,042
| -74% | -$24M |
|
27
International Money Express
IMXI
$417M
| $7.98M | 0.99% |
471,262
-705,439
| -60% | -$14.2M |
|
28
Meta Platforms (Facebook)
META
$1.71T
| $5.11M | 0.63% |
17,005
| – | – |
|
29
MannKind Corp
MNKD
$1.14B
| $2.87M | 0.35% |
694,961
| – | – |
|
30
Verra Mobility
VRRM
$538M
| $1.84M | 0.23% |
98,158
| – | – |
|
31
Western Union
WU
$2.14B
| $1.13M | 0.14% |
85,953
| – | – |
|
32
Impinj
PI
$5.33B
| $878K | 0.11% |
+15,958
| New | +$1.08M |
|
33
Leslie's
LESL
$4.37M
| $553K | 0.07% |
+4,885
| New | +$639K |
|
34
ARK Innovation ETF
ARKK
$6.44B
| $440K | 0.05% |
11,104
| – | – |
|
35
Carvana
CVNA
$48.2B
| $326K | 0.04% |
38,860
| – | – |
|
36
H.B. Fuller
FUL
$2.74B
| $209K | 0.03% |
3,053
| – | – |
|
|
TPIC
37
DELISTED
TPI Composites
TPIC
| $175K | 0.02% |
+66,074
| New | +$404K |
|
|
38
Freshworks
FRSH
$3.3B
| – | – |
-1,459,465
| Closed | -$25.7M |
|
39
Semtech
SMTC
$14.1B
| – | – |
-559,523
| Closed | -$14.2M |
|
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Scopia Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Scopia Capital Management held 39 positions worth $810M, down 18% from $989M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Scopia Capital Management withdrew a net $106M in Q3 2023, closing 2 positions and reducing 15 holdings. Its most notable exit was Freshworks, an estimated $25.7M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 26% a quarter earlier, followed by Technology and Industrials.
Against the trend, Scopia Capital Management opened a new position in Fortrea Holdings worth $31.1M.
- Scopia Capital Management's largest Q3 2023 buy was Fortrea Holdings: 1,088,678 shares worth $31.1M.
- Scopia Capital Management added most to Harmonic Inc in Q3 2023, an estimated $29.6M increase.
- Scopia Capital Management's biggest Q3 2023 reduction was Indivior Pharmaceuticals, cutting an estimated $29.2M.
- Scopia Capital Management fully exited Freshworks in Q3 2023, selling an estimated $25.7M.
- Scopia Capital Management's ten largest holdings make up 63% of its $810M portfolio in Q3 2023.
- Scopia Capital Management opened 7 new positions and closed 2 in Q3 2023.
- Scopia Capital Management's portfolio value fell 18% quarter-over-quarter to $810M.
Based on Scopia Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.