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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
+6.88%
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
$503M
AUM Growth
+$102M
Cap. Flow
+$118M
Cap. Flow %
23.52%
Top 10 Hldgs %
87.5%
Holding
23
New
8
Increased
3
Reduced
5
Closed
7

Top Buys

Rank Stock Value
1
CLS icon
Celestica
CLS
+$34.7M
2
WIX icon
WIX.com
WIX
+$28.8M
3
SPT icon
Sprout Social
SPT
+$14.2M
4
MRVL icon
Marvell Technology
MRVL
+$13.5M
5
CWAN
Clearwater Analytics
CWAN
+$10.6M

Top Sells

Rank Stock Value
1
NICE icon
Nice
NICE
+$51.5M
2
LSPD icon
Lightspeed Commerce
LSPD
+$26.5M
3
ATVI
Activision Blizzard
ATVI
+$16.9M
4
FLEX icon
Flex
FLEX
+$16.3M
5
AMD icon
Advanced Micro Devices
AMD
+$14.2M

Sector Composition

Rank Sector Weight
1 Technology 67.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$455B
$163M 32.4%
+455,000
New +$169M
IDCC icon
2
InterDigital
IDCC
$6.68B
$51.5M 10.24%
642,265
+23,815
+4% +$2.07M
CLS icon
3
Celestica
CLS
$35.1B
$41.6M 8.26%
+1,695,139
New +$34.7M
FLEX icon
4
Flex
FLEX
$43.4B
$40.1M 7.97%
1,972,799
-803,144
-29% -$16.3M
GDDY icon
5
GoDaddy
GDDY
$12.3B
$29.7M 5.9%
398,889
-40,867
-9% -$3.02M
WIX icon
6
WIX.com
WIX
$2.15B
$29.6M 5.88%
+322,326
New +$28.8M
AYX
7
DELISTED
Alteryx Inc
AYX
$23.3M 4.63%
618,669
+16,414
+3% +$588K
NVDA icon
8
NVIDIA
NVDA
$5.01T
$22.4M 4.46%
516,020
-147,700
-22% -$6.62M
DT icon
9
Dynatrace
DT
$12.1B
$21.9M 4.35%
468,488
-9,867
-2% -$485K
INFA
10
DELISTED
Informatica
INFA
$17.1M 3.39%
810,391
+250,935
+45% +$5M
AMD icon
11
Advanced Micro Devices
AMD
$851B
$14.8M 2.93%
143,471
-130,537
-48% -$14.2M
SPT icon
12
Sprout Social
SPT
$455M
$14.1M 2.8%
+282,730
New +$14.2M
MRVL icon
13
Marvell Technology
MRVL
$174B
$12.4M 2.46%
+228,700
New +$13.5M
CWAN
14
DELISTED
Clearwater Analytics
CWAN
$11.7M 2.32%
+603,545
New +$10.6M
OKTA icon
15
Okta
OKTA
$24.1B
$7.99M 1.59%
+98,000
New +$7.43M
ACIW icon
16
ACI Worldwide
ACIW
$5.72B
$1.98M 0.39%
+87,789
New +$2.05M
APPF icon
17
AppFolio
APPF
$5.85B
– –
-54,867
Closed -$9.44M
CRM icon
18
Salesforce
CRM
$134B
– –
-42,136
Closed -$8.9M
CVLT icon
19
Commault Systems
CVLT
$5.89B
– –
-169,702
Closed -$12.3M
LSPD icon
20
Lightspeed Commerce
LSPD
$1.3B
– –
-1,564,969
Closed -$26.5M
NICE icon
21
Nice
NICE
$5.29B
– –
-249,532
Closed -$51.5M
SWI
22
DELISTED
SolarWinds Corporation Common Stock
SWI
– –
-316,002
Closed -$3.24M
ATVI
23
DELISTED
Activision Blizzard
ATVI
– –
-199,931
Closed -$16.9M

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FWM
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Shannon River Fund Management's Q3 2023 Portfolio in Review

As of Q3 2023, Shannon River Fund Management held 23 positions worth $503M, up 25% from $401M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Shannon River Fund Management deployed $118M of net new capital in Q3 2023, opening 8 new positions and adding to 3 existing holdings. Its largest new stake was Celestica: 1,695,139 shares worth $41.6M.

By sector, the portfolio is most concentrated in Technology at 68% of assets, down from 100% a quarter earlier.

On the sell side, the largest reduction was Flex, an estimated $16.3M trimmed.

  • Shannon River Fund Management's largest Q3 2023 buy was Celestica: 1,695,139 shares worth $41.6M.
  • Shannon River Fund Management added most to Informatica in Q3 2023, an estimated $5M increase.
  • Shannon River Fund Management's biggest Q3 2023 reduction was Flex, cutting an estimated $16.3M.
  • Shannon River Fund Management fully exited Nice in Q3 2023, selling an estimated $51.5M.
  • Shannon River Fund Management's ten largest holdings make up 88% of its $503M portfolio in Q3 2023.
  • Shannon River Fund Management opened 8 new positions and closed 7 in Q3 2023.
  • Shannon River Fund Management's portfolio value rose 25% quarter-over-quarter to $503M.

Based on Shannon River Fund Management's 13F filing for Q3 2023, filed 13 Nov 2023.