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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
+13.97%
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
$401M
AUM Growth
-$42.5M
Cap. Flow
-$93.3M
Cap. Flow %
-23.27%
Top 10 Hldgs %
88.96%
Holding
30
New
3
Increased
3
Reduced
9
Closed
15

Top Buys

1
GDDY icon
GoDaddy
GDDY
+$32.5M
2
LSPD icon
Lightspeed Commerce
LSPD
+$22.5M
3
CVLT icon
Commault Systems
CVLT
+$11M
4
NICE icon
Nice
NICE
+$10.4M
5
AYX
Alteryx Inc
AYX
+$9.39M

Top Sells

1
NVDA icon
NVIDIA
NVDA
+$31.2M
2
ATVI
Activision Blizzard
ATVI
+$24.4M
3
DT icon
Dynatrace
DT
+$20.6M
4
CGNX icon
Cognex
CGNX
+$18.1M
5
MANH icon
Manhattan Associates
MANH
+$15.9M

Sector Composition

1 Technology 100%
2 Consumer Discretionary 0%
3 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IDCC icon
1
InterDigital
IDCC
$6.73B
$59.7M 14.89%
618,450
-24,188
-4% -$1.96M
FLEX icon
2
Flex
FLEX
$43.7B
$57.8M 14.42%
2,775,943
-76,934
-3% -$1.37M
NICE icon
3
Nice
NICE
$5.87B
$51.5M 12.85%
249,532
+50,503
+25% +$10.4M
GDDY icon
4
GoDaddy
GDDY
$12.5B
$33M 8.24%
+439,756
New +$32.5M
AMD icon
5
Advanced Micro Devices
AMD
$807B
$31.2M 7.78%
274,008
-114,213
-29% -$11.9M
NVDA icon
6
NVIDIA
NVDA
$4.91T
$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
LSPD icon
8
Lightspeed Commerce
LSPD
$1.36B
$26.5M 6.6%
+1,564,969
New +$22.5M
DT icon
9
Dynatrace
DT
$12.9B
$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
CVLT icon
11
Commault Systems
CVLT
$6.12B
$12.3M 3.07%
+169,702
New +$11M
INFA
12
DELISTED
Informatica
INFA
$10.3M 2.58%
559,456
+176,917
+46% +$2.92M
APPF icon
13
AppFolio
APPF
$6.36B
$9.44M 2.36%
54,867
-1,698
-3% -$247K
CRM icon
14
Salesforce
CRM
$140B
$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
ACVA icon
16
ACV Auctions
ACVA
$1.3B
– –
-157,000
Closed -$2.03M
AGYS icon
17
Agilysys
AGYS
$3.01B
– –
-100,085
Closed -$8.26M
BBAI.WS icon
18
BigBear.ai Holdings Warrant
BBAI.WS
$54.5M
– –
-16,666
Closed -$10.6K
BSY icon
19
Bentley Systems
BSY
$9.82B
– –
-205,245
Closed -$8.82M
CGNX icon
20
Cognex
CGNX
$10.7B
– –
-364,669
Closed -$18.1M
FOUR icon
21
Shift4
FOUR
$3.99B
– –
-62,947
Closed -$4.77M
LZ icon
22
LegalZoom.com
LZ
$1.33B
– –
-827,697
Closed -$7.76M
MANH icon
23
Manhattan Associates
MANH
$9.66B
– –
-102,646
Closed -$15.9M
P
24
Everpure Inc
P
$23.1B
– –
-474,500
Closed -$12.1M
RGTIW icon
25
Rigetti Computing Warrants
RGTIW
$123M
– –
-150,000
Closed -$29.9K
1
2

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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.