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SCM

Scopia Capital Management Portfolio holdings

AUM $146M
1-Year Est. Return 25.93%
This Fund
S&P 500
This Quarter Est. Return
-7.46%
1 Year Est. Return
+25.93%
3 Year Est. Return
+30.87%
5 Year Est. Return
+45.28%
10 Year Est. Return
+379.83%
AUM
$810M
AUM Growth
-$180M
Cap. Flow
-$102M
Cap. Flow %
-12.56%
Top 10 Hldgs %
63.16%
Holding
39
New
7
Increased
8
Reduced
15
Closed
2

Top Buys

Rank Stock Value
1
FTRE icon
Fortrea Holdings
FTRE
+$32.2M
2
HLIT icon
Harmonic Inc
HLIT
+$29.6M
3
WRBY icon
Warby Parker
WRBY
+$18.3M
4
PEGA icon
Pegasystems
PEGA
+$11.5M
5
AMD icon
Advanced Micro Devices
AMD
+$10.1M

Top Sells

Rank Stock Value
1
INDV icon
Indivior Pharmaceuticals
INDV
+$29.2M
2
FRSH icon
Freshworks
FRSH
+$25.7M
3
QRVO icon
Qorvo
QRVO
+$24.4M
4
VRNS icon
Varonis Systems
VRNS
+$24M
5
RRX icon
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 Materials 1.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INDV icon
1
Indivior Pharmaceuticals
INDV
$4.79B
$192M 23.68%
8,311,367
-1,279,554
-13% -$29.2M
HLIT icon
2
Harmonic Inc
HLIT
$1.14B
$54.4M 6.72%
5,649,163
+2,484,825
+79% +$29.6M
SGI
3
Somnigroup International
SGI
$14.3B
$40.8M 5.04%
940,865
-264,744
-22% -$11.7M
RRX icon
4
Regal Rexnord
RRX
$12.5B
$38M 4.7%
266,293
-140,122
-34% -$21.6M
ENS icon
5
EnerSys
ENS
$6.44B
$36.3M 4.49%
383,758
-150,215
-28% -$15.4M
QRVO icon
6
Qorvo
QRVO
$8.05B
$32.6M 4.03%
341,374
-238,842
-41% -$24.4M
FTRE icon
7
Fortrea Holdings
FTRE
$1.96B
$31.1M 3.84%
+1,088,678
New +$32.2M
NSC icon
8
Norfolk Southern
NSC
$75.6B
$30.3M 3.75%
154,048
+9,300
+6% +$2.01M
ARMK icon
9
Aramark
ARMK
$15B
$29.2M 3.61%
1,165,926
+285,563
+32% +$8M
AER icon
10
AerCap
AER
$23.7B
$26.8M 3.32%
428,423
+120,917
+39% +$7.61M
SPY icon
11
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
$25.9M 3.2%
60,700
-36,600
-38% -$16.3M
BURL icon
12
Burlington
BURL
$23.5B
$23.8M 2.94%
176,062
-69,460
-28% -$11.1M
S icon
13
SentinelOne
S
$6.29B
$23.8M 2.93%
1,409,172
+77,419
+6% +$1.22M
EHAB
14
DELISTED
Enhabit
EHAB
$23.5M 2.91%
2,091,315
+177,400
+9% +$2.23M
WRBY icon
15
Warby Parker
WRBY
$3.13B
$20.9M 2.59%
1,590,744
+1,410,243
+781% +$18.3M
ESTC icon
16
Elastic
ESTC
$6.69B
$20.3M 2.51%
249,899
-91,675
-27% -$6.25M
MQ icon
17
Marqeta
MQ
$1.93B
$19M 2.35%
794,300
-27,604
-3% -$626K
IWM icon
18
PUT
iShares Russell 2000 ETF
IWM
$79.3B
$18.9M 2.34%
+107,200
New +$20.1M
AMBA icon
19
Ambarella
AMBA
$2.95B
$17.9M 2.21%
337,540
+28,185
+9% +$1.98M
KBR icon
20
KBR
KBR
$4.54B
$14.9M 1.85%
253,491
-102,672
-29% -$6.33M
AXTA icon
21
Axalta
AXTA
$7.53B
$14.7M 1.81%
544,639
-393,557
-42% -$11.5M
PTON icon
22
Peloton Interactive
PTON
$2.86B
$12.4M 1.53%
2,459,380
-1,181,133
-32% -$8.4M
GMS
23
DELISTED
GMS Inc
GMS
$12.3M 1.51%
191,531
-113,140
-37% -$7.85M
PEGA icon
24
Pegasystems
PEGA
$5.05B
$10.2M 1.26%
+469,694
New +$11.5M
AMD icon
25
Advanced Micro Devices
AMD
$699B
$9.61M 1.19%
+93,489
New +$10.1M
1
2

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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 $102M 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.