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Soviero Asset Management Portfolio holdings

AUM $200M
1-Year Est. Return 134.59%
This Fund
S&P 500
This Quarter Est. Return
+12.19%
1 Year Est. Return
+134.59%
3 Year Est. Return
+503.11%
5 Year Est. Return
+682.11%
10 Year Est. Return
–
AUM
$172M
AUM Growth
-$32.2M
Cap. Flow
-$46M
Cap. Flow %
-26.71%
Top 10 Hldgs %
54.84%
Holding
51
New
16
Increased
5
Reduced
17
Closed
12

Top Buys

Rank Stock Value
1
FCX icon
Freeport-McMoran
FCX
+$5.57M
2
MU icon
Micron Technology
MU
+$5.52M
3
PYPL icon
PayPal
PYPL
+$3.87M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$3.75M
5
TFC icon
Truist Financial
TFC
+$3.66M

Top Sells

Rank Stock Value
1
RRGB icon
Red Robin
RRGB
+$6.87M
2
BBBY
Bed Bath & Beyond
BBBY
+$6.53M
3
ACLS icon
Axcelis
ACLS
+$6.48M
4
RPD icon
Rapid7
RPD
+$6.42M
5
CLVT icon
Clarivate
CLVT
+$5.56M

Sector Composition

Rank Sector Weight
1 Energy 19.16%
2 Consumer Discretionary 16.81%
3 Technology 15.02%
4 Materials 13.62%
5 Financials 8.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
26
Hertz
HTZ
$568M
$1.88M 1.09%
240,000
-180,000
-43% -$1.47M
POWW icon
27
Outdoor Holding Co
POWW
$263M
$1.84M 1.07%
670,000
-270,000
-29% -$630K
RRGB icon
28
Red Robin
RRGB
$130M
$1.82M 1.05%
237,000
-747,000
-76% -$6.87M
JMIA
29
Jumia Technologies
JMIA
$805M
$1.69M 0.98%
+330,000
New +$1.48M
BBBY
30
Bed Bath & Beyond
BBBY
$479M
$1.69M 0.98%
51,700
-254,100
-83% -$6.53M
RPD icon
31
Rapid7
RPD
$815M
$1.62M 0.94%
33,000
-117,000
-78% -$6.42M
AES icon
32
AES
AES
$10.5B
$1.61M 0.94%
+90,000
New +$1.5M
JAKK icon
33
Jakks Pacific
JAKK
$277M
$1.38M 0.8%
56,000
+36,000
+180% +$1.09M
JBLU icon
34
JetBlue
JBLU
$2.02B
$1.26M 0.73%
+170,000
New +$1.06M
NNOX icon
35
Nano X Imaging
NNOX
$78M
$1.17M 0.68%
+120,000
New +$962K
NRDY icon
36
Nerdy
NRDY
$106M
$1.02M 0.59%
350,000
+10,000
+3% +$30.8K
SLI
37
Standard Lithium
SLI
$551M
$838K 0.49%
710,000
– –
NAPA
38
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
$279K 0.16%
+30,000
New +$275K
VIRC icon
39
Virco
VIRC
$97.1M
$164K 0.1%
+15,000
New +$162K
ACLS icon
40
Axcelis
ACLS
$4.19B
– –
-50,000
Closed -$6.48M
CLVT icon
41
Clarivate
CLVT
$1.53B
– –
-600,000
Closed -$5.56M
CRSP icon
42
CRISPR Therapeutics
CRSP
$4.71B
– –
-44,000
Closed -$2.75M
DOCU
43
CALL
DocuSign
DOCU
$10.1B
– –
-120,000
Closed -$7.13M
ENVX icon
44
Enovix
ENVX
$1.03B
– –
-137,143
Closed -$1.5M
FF icon
45
Future Fuel
FF
$211M
– –
-70,000
Closed -$426K
MAXN
46
DELISTED
Maxeon Solar Technologies
MAXN
– –
-2,700
Closed -$1.94M
ON icon
47
ON Semiconductor
ON
$34B
– –
-50,000
Closed -$4.18M
PACB icon
48
Pacific Biosciences
PACB
$447M
– –
-50,000
Closed -$491K
SNAP icon
49
Snap
SNAP
$7.62B
– –
-120,000
Closed -$2.03M
SOUN icon
50
SoundHound AI
SOUN
$2.73B
– –
-50,000
Closed -$106K
1
2
3

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Soviero Asset Management's Q1 2024 Portfolio in Review

As of Q1 2024, Soviero Asset Management held 51 positions worth $172M, down 16% from $204M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Soviero Asset Management withdrew a net $46M in Q1 2024, closing 12 positions and reducing 17 holdings. Its most notable exit was Axcelis, an estimated $6.48M position sold in full.

By sector, the portfolio is most concentrated in Energy at 19% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Soviero Asset Management opened a new position in Freeport-McMoran worth $6.49M.

  • Soviero Asset Management's largest Q1 2024 buy was Freeport-McMoran: 138,000 shares worth $6.49M.
  • Soviero Asset Management added most to Range Resources in Q1 2024, an estimated $2.66M increase.
  • Soviero Asset Management's biggest Q1 2024 reduction was Red Robin, cutting an estimated $6.87M.
  • Soviero Asset Management fully exited Axcelis in Q1 2024, selling an estimated $6.48M.
  • Soviero Asset Management's ten largest holdings make up 55% of its $172M portfolio in Q1 2024.
  • Soviero Asset Management opened 16 new positions and closed 12 in Q1 2024.
  • Soviero Asset Management's portfolio value fell 16% quarter-over-quarter to $172M.

Based on Soviero Asset Management's 13F filing for Q1 2024, filed 15 May 2024.