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SRFM

Shannon River Fund Management Portfolio holdings

AUM $524M
1-Year Est. Return 90.54%
This Fund
S&P 500
This Quarter Est. Return
+14.91%
1 Year Est. Return
+90.54%
3 Year Est. Return
+337.23%
5 Year Est. Return
+451.33%
10 Year Est. Return
+3,164.49%
AUM
$449M
AUM Growth
-$98.2M
Cap. Flow
-$146M
Cap. Flow %
-32.54%
Top 10 Hldgs %
81.09%
Holding
31
New
8
Increased
6
Reduced
4
Closed
13

Top Buys

Rank Stock Value
1
CGNX icon
Cognex
CGNX
+$38.7M
2
EQIX icon
Equinix
EQIX
+$22.5M
3
TSEM icon
Tower Semiconductor
TSEM
+$17.8M
4
GWRE icon
Guidewire Software
GWRE
+$14.9M
5
APPN icon
Appian
APPN
+$12.8M

Top Sells

Rank Stock Value
1
CLS icon
Celestica
CLS
+$36.9M
2
SPT icon
Sprout Social
SPT
+$16.6M
3
VSTS icon
Vestis
VSTS
+$14M
4
WIX icon
WIX.com
WIX
+$13.1M
5
GDDY icon
GoDaddy
GDDY
+$12.8M

Sector Composition

Rank Sector Weight
1 Technology 88.55%
2 Healthcare 5.42%
3 Real Estate 4.91%
4 Consumer Discretionary 1.11%
5 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
26
PUT
Invesco QQQ Trust
QQQ
$483B
– –
-60,000
Closed -$24.6M
SMH icon
27
PUT
VanEck Semiconductor ETF
SMH
$72.3B
– –
-160,000
Closed -$28M
SPT icon
28
Sprout Social
SPT
$519M
– –
-270,825
Closed -$16.6M
VSTS icon
29
Vestis
VSTS
$1.85B
– –
-662,205
Closed -$14M
WIX icon
30
PUT
WIX.com
WIX
$2.76B
– –
-150,000
Closed -$18.5M
ZG icon
31
Zillow
ZG
$8.4B
– –
-77,294
Closed -$4.38M
1
2

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Shannon River Fund Management's Q1 2024 Portfolio in Review

As of Q1 2024, Shannon River Fund Management held 31 positions worth $449M, down 18% from $547M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Shannon River Fund Management withdrew a net $146M in Q1 2024, closing 13 positions and reducing 4 holdings. Its most notable exit was Celestica, an estimated $36.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 89% of assets, up from 60% a quarter earlier, followed by Healthcare and Real Estate.

Against the trend, Shannon River Fund Management opened a new position in Cognex worth $42.2M.

  • Shannon River Fund Management's largest Q1 2024 buy was Cognex: 994,862 shares worth $42.2M.
  • Shannon River Fund Management added most to Tower Semiconductor in Q1 2024, an estimated $17.8M increase.
  • Shannon River Fund Management's biggest Q1 2024 reduction was WIX.com, cutting an estimated $13.1M.
  • Shannon River Fund Management fully exited Celestica in Q1 2024, selling an estimated $36.9M.
  • Shannon River Fund Management's ten largest holdings make up 81% of its $449M portfolio in Q1 2024.
  • Shannon River Fund Management opened 8 new positions and closed 13 in Q1 2024.
  • Shannon River Fund Management's portfolio value fell 18% quarter-over-quarter to $449M.

Based on Shannon River Fund Management's 13F filing for Q1 2024, filed 14 May 2024.