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Soapstone Management Portfolio holdings
AUM
$140M
1-Year Est. Return
25.18%
This Fund
S&P 500
This Quarter
Est. Return
+9.44%
1 Year Est. Return
+25.18%
3 Year Est. Return
+51.54%
5 Year Est. Return
+87.71%
10 Year Est. Return
–
AUM
$237M
AUM Growth
-$19.1M
(-7.5%)
Cap. Flow
-$41.2M
Cap. Flow
% of AUM
-17.38%
Top 10 Holdings %
Top 10 Hldgs %
78.25%
Holding
21
New
–
Increased
3
Reduced
8
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Neogen
NEOG
|
+$12M |
| 2 |
Amazon
AMZN
|
+$4.57M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$2.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CACI
CACI
|
+$10.2M |
| 2 |
Leidos
LDOS
|
+$9.18M |
| 3 |
RenaissanceRe
RNR
|
+$8.95M |
| 4 |
Builders FirstSource
BLDR
|
+$6.56M |
| 5 |
Equitable Holdings
EQH
|
+$4.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.76% |
| 2 | Industrials | 15.44% |
| 3 | Consumer Discretionary | 13.03% |
| 4 | Materials | 11.25% |
| 5 | Utilities | 10.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
1
Charles Schwab
SCHW
$177B
| $26.6M | 11.23% |
320,000
-55,000
| -15% | -$4.27M |
|
2
Constellation Energy
CEG
$90.1B
| $24.6M | 10.36% |
285,000
-40,000
| -12% | -$3.6M |
|
|
3
Builders FirstSource
BLDR
$7.99B
| $19.1M | 8.07% |
295,000
-105,000
| -26% | -$6.56M |
|
|
4
Equitable Holdings
EQH
$13.4B
| $18.7M | 7.87% |
650,000
-150,000
| -19% | -$4.44M |
|
|
5
Neogen
NEOG
$2.24B
| $18.2M | 7.67% |
1,195,000
+845,000
| +241% | +$12M |
|
6
Olin
OLN
$2.51B
| $17.2M | 7.26% |
325,000
| – | – |
|
|
ASAI
7
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $16.2M | 6.81% |
882,498
-117,502
| -12% | -$2.15M |
|
8
Ball Corp
BALL
$16.7B
| $15.7M | 6.61% |
306,533
-18,467
| -6% | -$956K |
|
|
9
Amazon
AMZN
$2.66T
| $15.2M | 6.42% |
181,250
+46,250
| +34% | +$4.57M |
|
|
DOOR
10
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $14.1M | 5.95% |
175,000
| – | – |
|
|
11
CACI
CACI
$10.2B
| $10M | 4.23% |
33,355
-34,995
| -51% | -$10.2M |
|
|
12
Leidos
LDOS
$13.4B
| $9.99M | 4.21% |
95,000
-89,700
| -49% | -$9.18M |
|
13
Constellium
CSTM
$3.83B
| $9.46M | 3.99% |
800,000
| – | – |
|
|
14
Alphabet (Google) Class A
GOOGL
$4.23T
| $7.94M | 3.35% |
90,000
+22,750
| +34% | +$2.16M |
|
15
Canadian Natural Resources
CNQ
$91.5B
| $5.55M | 2.34% |
200,000
| – | – |
|
16
Citizens Financial Group
CFG
$30.6B
| $3.94M | 1.66% |
100,000
| – | – |
|
17
JELD-WEN Holding
JELD
$101M
| $3.38M | 1.42% |
350,000
| – | – |
|
18
Digimarc Corp
DMRC
$134M
| $1.28M | 0.54% |
69,114
| – | – |
|
19
PUT
iShares MSCI Brazil ETF
EWZ
$9.1B
| – | – |
-262,500
| Closed | -$7.78M |
|
20
Diamondback Energy
FANG
$55B
| – | – |
-15,650
| Closed | -$1.89M |
|
|
21
RenaissanceRe
RNR
$13.8B
| – | – |
-63,750
| Closed | -$8.95M |
|
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Soapstone Management's Q4 2022 Portfolio in Review
As of Q4 2022, Soapstone Management held 21 positions worth $237M, down 7.5% from $256M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Soapstone Management withdrew a net $41.2M in Q4 2022, closing 3 positions and reducing 8 holdings. Its most notable exit was RenaissanceRe, an estimated $8.95M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 24% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Soapstone Management added an estimated $12M to Neogen.
- Soapstone Management added most to Neogen in Q4 2022, an estimated $12M increase.
- Soapstone Management's biggest Q4 2022 reduction was CACI, cutting an estimated $10.2M.
- Soapstone Management fully exited RenaissanceRe in Q4 2022, selling an estimated $8.95M.
- Soapstone Management's ten largest holdings make up 78% of its $237M portfolio in Q4 2022.
- Soapstone Management opened 0 new positions and closed 3 in Q4 2022.
- Soapstone Management's portfolio value fell 7.5% quarter-over-quarter to $237M.
Based on Soapstone Management's 13F filing for Q4 2022, filed 25 Jan 2023.