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Soviero Asset Management Portfolio holdings
AUM
$238M
1-Year Est. Return
137.99%
This Fund
S&P 500
This Quarter
Est. Return
+12.19%
1 Year Est. Return
+137.99%
3 Year Est. Return
+675.66%
5 Year Est. Return
+942.33%
10 Year Est. Return
–
AUM
$172M
AUM Growth
-$32.2M
(-16%)
Cap. Flow
-$22.4M
Cap. Flow
% of AUM
-13.01%
Top 10 Holdings %
Top 10 Hldgs %
54.84%
Holding
51
New
16
Increased
5
Reduced
17
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Freeport-McMoran
FCX
|
+$5.57M |
| 2 |
Micron Technology
MU
|
+$5.52M |
| 3 |
PayPal
PYPL
|
+$3.87M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$3.75M |
| 5 |
Truist Financial
TFC
|
+$3.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Red Robin
RRGB
|
+$6.87M |
| 2 |
NXH
Neighborhood Intelligence Inc
NXH
|
+$6.53M |
| 3 |
Axcelis
ACLS
|
+$6.48M |
| 4 |
Rapid7
RPD
|
+$6.42M |
| 5 |
Clarivate
CLVT
|
+$5.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.16% |
| 2 | Consumer Discretionary | 16.81% |
| 3 | Miscellaneous | 15.1% |
| 4 | Technology | 15.02% |
| 5 | Materials | 13.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Wolfspeed
WOLF
$1.47B
| – | – |
-122,000
| Closed | -$5.31M |
|
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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 $22.4M 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 Miscellaneous.
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.