Scott Ferguson Sachem Head Capital Management
Scott Ferguson is the founder of Sachem Head Capital Management, an activist and fundamental equity firm. He previously worked at firms including Corvex and built a reputation for research-driven campaigns at public companies. Ferguson’s filings and activist situations are followed closely in event-driven and engagement-oriented investing circles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Flex
FLEX
|
+$170M |
| 2 |
Seagate
STX
|
+$64.6M |
| 3 |
RCM
R1 RCM Inc. Common Stock
RCM
|
+$56.1M |
| 4 |
Bio-Rad Laboratories Class A
BIO
|
+$49.1M |
| 5 |
GTM
ZoomInfo Technologies
GTM
|
+$39.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
International Flavors & Fragrances
IFF
|
+$285M |
| 2 |
Humana
HUM
|
+$131M |
| 3 |
US Foods
USFD
|
+$124M |
| 4 |
MASI
Masimo
MASI
|
+$55.6M |
| 5 |
Fomento Económico Mexicano
FMX
|
+$34.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 35.85% |
| 2 | Technology | 29.94% |
| 3 | Materials | 18.14% |
| 4 | Industrials | 4.75% |
| 5 | Healthcare | 3.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
US Foods
USFD
$23.7B
| $724M | 33.86% |
15,932,877
-3,000,000
| -16% | -$124M |
|
|
2
International Flavors & Fragrances
IFF
$21.5B
| $388M | 18.14% |
4,787,351
-3,943,288
| -45% | -$285M |
|
|
3
Flex
FLEX
$40.8B
| $256M | 11.96% |
11,133,530
+8,512,705
| +325% | +$170M |
|
4
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $159M | 7.46% |
+1,010,000
| New | +$147M |
|
5
Salesforce
CRM
$171B
| $129M | 6.02% |
488,800
-76,600
| -14% | -$17.3M |
|
|
RCM
6
DELISTED
R1 RCM Inc. Common Stock
RCM
| $102M | 4.75% |
9,605,000
+4,944,200
| +106% | +$56.1M |
|
7
Okta
OKTA
$23.5B
| $80M | 3.74% |
883,500
+454,500
| +106% | +$34.7M |
|
|
GTM
8
ZoomInfo Technologies
GTM
$1.16B
| $75.1M | 3.51% |
4,060,000
+2,525,000
| +164% | +$39.6M |
|
|
9
Seagate
STX
$193B
| $73.8M | 3.46% |
+865,000
| New | +$64.6M |
|
|
10
Bio-Rad Laboratories Class A
BIO
$10.2B
| $50.6M | 2.37% |
+156,700
| New | +$49.1M |
|
|
11
Fomento Económico Mexicano
FMX
$41.1B
| $42.7M | 2% |
327,500
-292,500
| -47% | -$34.8M |
|
12
Fortrea Holdings
FTRE
$1.75B
| $31.9M | 1.49% |
915,000
-1,075,000
| -54% | -$32.9M |
|
13
Nextpower Inc
NXT
$13.1B
| $26.7M | 1.25% |
+570,000
| New | +$22.3M |
|
|
14
Humana
HUM
$45.5B
| – | – |
-268,700
| Closed | -$131M |
|
|
MASI
15
DELISTED
Masimo
MASI
| – | – |
-634,100
| Closed | -$55.6M |
|
16
PUT
Invesco Aerospace & Defense ETF
PPA
$8.25B
| – | – |
-1,110,000
| Closed | -$157M |
|
17
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-65,300
| Closed | -$27.9M |
|
Similar funds
Scott Ferguson's Q4 2023 Portfolio in Review
As of Q4 2023, Scott Ferguson held 17 positions worth $2.14B, down 0.19% from $2.14B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Scott Ferguson withdrew a net $282M in Q4 2023, closing 4 positions and reducing 5 holdings. Its most notable exit was Humana, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 36% of assets, down from 38% a quarter earlier, followed by Technology and Materials.
Against the trend, Scott Ferguson opened a new position in Seagate worth $73.8M.
- Scott Ferguson's largest Q4 2023 buy was Seagate: 865,000 shares worth $73.8M.
- Scott Ferguson added most to Flex in Q4 2023, an estimated $170M increase.
- Scott Ferguson's biggest Q4 2023 reduction was International Flavors & Fragrances, cutting an estimated $285M.
- Scott Ferguson fully exited Humana in Q4 2023, selling an estimated $131M.
- Scott Ferguson's ten largest holdings make up 95% of its $2.14B portfolio in Q4 2023.
- Scott Ferguson opened 4 new positions and closed 4 in Q4 2023.
- Scott Ferguson's portfolio value fell 0.19% quarter-over-quarter to $2.14B.
Based on Sachem Head Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.