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Sonic Fund II Portfolio holdings
AUM
$147M
1-Year Est. Return
19.98%
This Fund
S&P 500
This Quarter
Est. Return
+54.74%
1 Year Est. Return
-19.98%
3 Year Est. Return
+119.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$201M
AUM Growth
+$85.6M
(+74%)
Cap. Flow
+$36.3M
Cap. Flow
% of AUM
18.07%
Top 10 Holdings %
Top 10 Hldgs %
90.65%
Holding
18
New
6
Increased
4
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$16.4M |
| 2 |
Genworth Financial
GNW
|
+$14M |
| 3 |
Fennec Pharmaceuticals
FENC
|
+$5.95M |
| 4 |
United Airlines
UAL
|
+$5.75M |
| 5 |
Cedar Fair
FUN
|
+$4.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Assured Guaranty
AGO
|
+$8.18M |
| 2 |
HA
Hawaiian Holdings, Inc.
HA
|
+$4.09M |
| 3 |
MGIC Investment
MTG
|
+$3.17M |
| 4 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$2.32M |
| 5 |
Regenxbio
RGNX
|
+$1.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 57.13% |
| 2 | Financials | 22.94% |
| 3 | Industrials | 8.57% |
| 4 | Consumer Staples | 4.91% |
| 5 | Consumer Discretionary | 4.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ADVM
1
DELISTED
Adverum Biotechnologies
ADVM
| $85.9M | 42.72% |
411,236
| – | – |
|
|
2
Genworth Financial
GNW
$3.86B
| $18.2M | 9.05% |
7,876,558
+4,436,968
| +129% | +$14M |
|
|
3
Wells Fargo
WFC
$254B
| $15.4M | 7.64% |
+600,000
| New | +$16.4M |
|
|
4
Regenxbio
RGNX
$616M
| $15.3M | 7.62% |
415,664
-50,000
| -11% | -$1.86M |
|
|
5
Fennec Pharmaceuticals
FENC
$335M
| $13.7M | 6.79% |
1,634,689
+800,000
| +96% | +$5.95M |
|
6
US Foods
USFD
$22.5B
| $9.86M | 4.91% |
500,000
| – | – |
|
|
SAVE
7
DELISTED
Spirit Airlines, Inc.
SAVE
| $7.78M | 3.87% |
437,092
-162,908
| -27% | -$2.32M |
|
|
8
United Airlines
UAL
$38.8B
| $6.64M | 3.3% |
+191,785
| New | +$5.75M |
|
|
9
Assured Guaranty
AGO
$3.73B
| $4.88M | 2.43% |
200,000
-300,000
| -60% | -$8.18M |
|
10
Radian Group
RDN
$5.28B
| $4.65M | 2.32% |
300,000
+50,000
| +20% | +$740K |
|
|
11
Cedar Fair
FUN
$1.88B
| $4.13M | 2.05% |
+150,000
| New | +$4.27M |
|
12
Enterprise Products Partners
EPD
$83.7B
| $3.63M | 1.81% |
+200,000
| New | +$3.58M |
|
13
SiriusPoint
SPNT
$3.03B
| $3.02M | 1.5% |
402,185
+50,000
| +14% | +$378K |
|
14
United Parks & Resorts
PRKS
$2.19B
| $2.96M | 1.47% |
+200,000
| New | +$2.95M |
|
|
HA
15
DELISTED
Hawaiian Holdings, Inc.
HA
| $2.81M | 1.4% |
200,000
-300,000
| -60% | -$4.09M |
|
16
Boot Barn
BOOT
$4.58B
| $2.16M | 1.07% |
+100,000
| New | +$1.96M |
|
17
Tronox
TROX
$967M
| $94K | 0.05% |
13,055
| – | – |
|
|
18
MGIC Investment
MTG
$6.47B
| – | – |
-500,000
| Closed | -$3.17M |
|
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Sonic Fund II's Q2 2020 Portfolio in Review
As of Q2 2020, Sonic Fund II held 18 positions worth $201M, up 74% from $115M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Sonic Fund II deployed $36.3M of net new capital in Q2 2020, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Wells Fargo: 600,000 shares worth $15.4M.
By sector, the portfolio is most concentrated in Healthcare at 57% of assets, up from 52% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Assured Guaranty, an estimated $8.18M trimmed.
- Sonic Fund II's largest Q2 2020 buy was Wells Fargo: 600,000 shares worth $15.4M.
- Sonic Fund II added most to Genworth Financial in Q2 2020, an estimated $14M increase.
- Sonic Fund II's biggest Q2 2020 reduction was Assured Guaranty, cutting an estimated $8.18M.
- Sonic Fund II fully exited MGIC Investment in Q2 2020, selling an estimated $3.17M.
- Sonic Fund II's ten largest holdings make up 91% of its $201M portfolio in Q2 2020.
- Sonic Fund II opened 6 new positions and closed 1 in Q2 2020.
- Sonic Fund II's portfolio value rose 74% quarter-over-quarter to $201M.
Based on Sonic Fund II's 13F filing for Q2 2020, filed 14 Aug 2020.