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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
WOLF icon
51
CALL
Wolfspeed
WOLF
$1.55B
– –
-122,000
Closed -$5.31M
1 2
3

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AF
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GAAM
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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.