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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
TSEM icon
1
Tower Semiconductor
TSEM
$26.4B
$61.3M 13.66%
1,833,336
+570,610
+45% +$17.8M
WIX icon
2
WIX.com
WIX
$2.15B
$50.5M 11.25%
367,563
-99,931
-21% -$13.1M
CGNX icon
3
Cognex
CGNX
$10.3B
$42.2M 9.4%
+994,862
New +$38.7M
NVDA icon
4
NVIDIA
NVDA
$5.01T
$41.8M 9.3%
462,140
+55,220
+14% +$4M
IDCC icon
5
InterDigital
IDCC
$6.68B
$39.3M 8.74%
368,809
-103,998
-22% -$11M
FLEX icon
6
Flex
FLEX
$43.4B
$32.7M 7.28%
1,143,269
-331,722
-22% -$8.7M
INFA
7
DELISTED
Informatica
INFA
$31.5M 7.01%
899,146
+4,218
+0.5% +$133K
TALK icon
8
Talkspace
TALK
$873M
$24.3M 5.42%
6,819,103
+1,819,103
+36% +$4.95M
EQIX icon
9
Equinix
EQIX
$107B
$22.1M 4.91%
+26,741
New +$22.5M
CWAN
10
DELISTED
Clearwater Analytics
CWAN
$18.5M 4.12%
1,045,914
+478,048
+84% +$8.88M
GWRE icon
11
Guidewire Software
GWRE
$11.5B
$15.2M 3.39%
+130,532
New +$14.9M
APPN icon
12
Appian
APPN
$1.74B
$14.8M 3.29%
+369,977
New +$12.8M
DT icon
13
Dynatrace
DT
$12.1B
$13.9M 3.09%
298,432
-8,330
-3% -$434K
TDC icon
14
Teradata
TDC
$2.68B
$10.1M 2.26%
+262,471
New +$11.1M
AKAM icon
15
Akamai
AKAM
$16.8B
$9.57M 2.13%
+88,035
New +$10.1M
GTM
16
ZoomInfo Technologies
GTM
$861M
$9.02M 2.01%
+562,632
New +$9.16M
SQSP
17
DELISTED
Squarespace, Inc.
SQSP
$7.31M 1.63%
+200,600
New +$6.52M
GLBE icon
18
Global E Online
GLBE
$6.08B
$5M 1.11%
137,523
+106,431
+342% +$3.95M
AMD icon
19
Advanced Micro Devices
AMD
$851B
– –
-29,998
Closed -$4.42M
CLS icon
20
Celestica
CLS
$35.1B
– –
-1,259,755
Closed -$36.9M
CLS icon
21
PUT
Celestica
CLS
$35.1B
– –
-800,500
Closed -$23.4M
GDDY icon
22
GoDaddy
GDDY
$12.3B
– –
-120,849
Closed -$12.8M
IDCC icon
23
PUT
InterDigital
IDCC
$6.68B
– –
-472,800
Closed -$51.3M
IWM icon
24
PUT
iShares Russell 2000 ETF
IWM
$80.9B
– –
-200,000
Closed -$40.1M
PTC icon
25
PTC
PTC
$13.7B
– –
-19,168
Closed -$3.35M
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.