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SRFM
Shannon River Fund Management Portfolio holdings
AUM
$1.12B
1-Year Est. Return
150.26%
This Fund
S&P 500
This Quarter
Est. Return
+13.97%
1 Year Est. Return
+150.26%
3 Year Est. Return
+553.98%
5 Year Est. Return
+735.5%
10 Year Est. Return
+5,351.96%
AUM
$401M
AUM Growth
-$42.5M
(-9.6%)
Cap. Flow
-$93.3M
Cap. Flow
% of AUM
-23.27%
Top 10 Holdings %
Top 10 Hldgs %
88.96%
Holding
30
New
3
Increased
3
Reduced
9
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GoDaddy
GDDY
|
+$32.5M |
| 2 |
Lightspeed Commerce
LSPD
|
+$22.5M |
| 3 |
Commault Systems
CVLT
|
+$11M |
| 4 |
Nice
NICE
|
+$10.4M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$9.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$31.2M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$24.4M |
| 3 |
Dynatrace
DT
|
+$20.6M |
| 4 |
Cognex
CGNX
|
+$18.1M |
| 5 |
Manhattan Associates
MANH
|
+$15.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 100% |
| 2 | Consumer Discretionary | 0% |
| 3 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
InterDigital
IDCC
$8.72B
| $59.7M | 14.89% |
618,450
-24,188
| -4% | -$1.96M |
|
2
Flex
FLEX
$40.5B
| $57.8M | 14.42% |
2,775,943
-76,934
| -3% | -$1.37M |
|
|
3
Nice
NICE
$6.18B
| $51.5M | 12.85% |
249,532
+50,503
| +25% | +$10.4M |
|
|
4
GoDaddy
GDDY
$12.8B
| $33M | 8.24% |
+439,756
| New | +$32.5M |
|
5
Advanced Micro Devices
AMD
$780B
| $31.2M | 7.78% |
274,008
-114,213
| -29% | -$11.9M |
|
|
6
NVIDIA
NVDA
$5.56T
| $28.1M | 7% |
663,720
-938,690
| -59% | -$31.2M |
|
|
AYX
7
DELISTED
Alteryx Inc
AYX
| $27.3M | 6.82% |
602,255
+214,361
| +55% | +$9.39M |
|
|
8
Lightspeed Commerce
LSPD
$1.36B
| $26.5M | 6.6% |
+1,564,969
| New | +$22.5M |
|
|
9
Dynatrace
DT
$15B
| $24.6M | 6.14% |
478,355
-440,527
| -48% | -$20.6M |
|
|
ATVI
10
DELISTED
Activision Blizzard
ATVI
| $16.9M | 4.2% |
199,931
-300,926
| -60% | -$24.4M |
|
|
11
Commault Systems
CVLT
$5.65B
| $12.3M | 3.07% |
+169,702
| New | +$11M |
|
|
INFA
12
DELISTED
Informatica
INFA
| $10.3M | 2.58% |
559,456
+176,917
| +46% | +$2.92M |
|
13
AppFolio
APPF
$7.59B
| $9.44M | 2.36% |
54,867
-1,698
| -3% | -$247K |
|
14
Salesforce
CRM
$213B
| $8.9M | 2.22% |
42,136
-41,469
| -50% | -$8.47M |
|
|
SWI
15
DELISTED
SolarWinds Corporation Common Stock
SWI
| $3.24M | 0.81% |
316,002
-452,428
| -59% | -$4.12M |
|
16
ACV Auctions
ACVA
$1.19B
| – | – |
-157,000
| Closed | -$2.03M |
|
17
Agilysys
AGYS
$3.14B
| – | – |
-100,085
| Closed | -$8.26M |
|
18
BigBear.ai Holdings Warrant
BBAI.WS
$15.3M
| – | – |
-16,666
| Closed | -$10.6K |
|
19
Bentley Systems
BSY
$10.2B
| – | – |
-205,245
| Closed | -$8.82M |
|
|
20
Cognex
CGNX
$10.5B
| – | – |
-364,669
| Closed | -$18.1M |
|
21
Shift4
FOUR
$3.63B
| – | – |
-62,947
| Closed | -$4.77M |
|
22
LegalZoom.com
LZ
$1.05B
| – | – |
-827,697
| Closed | -$7.76M |
|
|
23
Manhattan Associates
MANH
$12.5B
| – | – |
-102,646
| Closed | -$15.9M |
|
|
P
24
Everpure Inc
P
$33.1B
| – | – |
-474,500
| Closed | -$12.1M |
|
25
Rigetti Computing Warrants
RGTIW
$141M
| – | – |
-150,000
| Closed | -$29.9K |
|
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Shannon River Fund Management's Q2 2023 Portfolio in Review
As of Q2 2023, Shannon River Fund Management held 30 positions worth $401M, down 9.6% from $443M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Shannon River Fund Management withdrew a net $93.3M in Q2 2023, closing 15 positions and reducing 9 holdings. Its most notable exit was Cognex, an estimated $18.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 100% of assets, up from 98% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Shannon River Fund Management opened a new position in GoDaddy worth $33M.
- Shannon River Fund Management's largest Q2 2023 buy was GoDaddy: 439,756 shares worth $33M.
- Shannon River Fund Management added most to Nice in Q2 2023, an estimated $10.4M increase.
- Shannon River Fund Management's biggest Q2 2023 reduction was NVIDIA, cutting an estimated $31.2M.
- Shannon River Fund Management fully exited Cognex in Q2 2023, selling an estimated $18.1M.
- Shannon River Fund Management's ten largest holdings make up 89% of its $401M portfolio in Q2 2023.
- Shannon River Fund Management opened 3 new positions and closed 15 in Q2 2023.
- Shannon River Fund Management's portfolio value fell 9.6% quarter-over-quarter to $401M.
Based on Shannon River Fund Management's 13F filing for Q2 2023, filed 11 Aug 2023.