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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
-8.24%
1 Year Est. Return
+134.59%
3 Year Est. Return
+503.11%
5 Year Est. Return
+682.11%
10 Year Est. Return
–
AUM
$526M
AUM Growth
-$608M
(-54%)
Cap. Flow
-$520M
Cap. Flow
% of AUM
-98.99%
Top 10 Holdings %
Top 10 Hldgs %
56.8%
Holding
65
New
18
Increased
5
Reduced
13
Closed
28
Top Buys
| 1 |
LOGC
ContextLogic
LOGC
|
+$34M |
| 2 |
Root
ROOT
|
+$28.3M |
| 3 |
Cleveland-Cliffs
CLF
|
+$21.9M |
| 4 |
WRK
WestRock Company
WRK
|
+$20.2M |
| 5 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$19.6M |
Top Sells
| 1 |
Canadian Solar
CSIQ
|
+$27.8M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$27.4M |
| 3 |
JMIA
Jumia Technologies
JMIA
|
+$26.4M |
| 4 |
Cracker Barrel
CBRL
|
+$25.2M |
| 5 |
WW
WW International
WW
|
+$24.6M |
Sector Composition
| 1 | Materials | 15.2% |
| 2 | Technology | 14.57% |
| 3 | Consumer Discretionary | 14.55% |
| 4 | Consumer Staples | 12.96% |
| 5 | Healthcare | 10.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MAXR
1
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $54.9M | 10.45% |
1,938,885
-641,115
| -25% | -$20.6M |
|
2
United Natural Foods
UNFI
$2.97B
| $43.6M | 8.29% |
900,000
-70,000
| -7% | -$2.48M |
|
|
TUP
3
DELISTED
Tupperware Brands Corporation
TUP
| $37.2M | 7.07% |
1,760,000
-40,000
| -2% | -$896K |
|
4
Community Health Systems
CYH
$465M
| $30.4M | 5.79% |
2,599,900
-700,100
| -21% | -$9.13M |
|
5
Organon & Co
OGN
$3.55B
| $25.6M | 4.86% |
779,800
+357,977
| +85% | +$11.5M |
|
|
CLR
6
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $24M | 4.57% |
+520,000
| New | +$19.6M |
|
|
LOGC
7
DELISTED
ContextLogic
LOGC
| $22.4M | 4.26% |
+136,667
| New | +$34M |
|
|
8
Root
ROOT
$944M
| $21.6M | 4.11% |
+227,778
| New | +$28.3M |
|
|
WRK
9
DELISTED
WestRock Company
WRK
| $19.9M | 3.79% |
+400,000
| New | +$20.2M |
|
|
10
Cleveland-Cliffs
CLF
$5.29B
| $19M | 3.62% |
+960,000
| New | +$21.9M |
|
11
Tronox
TROX
$932M
| $18.5M | 3.52% |
+750,000
| New | +$15.4M |
|
12
Red Robin
RRGB
$130M
| $16M | 3.04% |
693,149
-327,555
| -32% | -$8.44M |
|
13
BRC Group Holdings
RILY
$275M
| $15.3M | 2.92% |
260,000
-20,000
| -7% | -$1.31M |
|
|
HMHC
14
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $15.2M | 2.89% |
1,130,000
-200,000
| -15% | -$2.52M |
|
|
MAXR
15
CALL
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $14.2M | 2.69% |
500,000
+200,000
| +67% | +$6.42M |
|
|
FYBR
16
DELISTED
Frontier Communications
FYBR
| $13.1M | 2.49% |
+470,000
| New | +$14M |
|
17
Coty
COTY
$2.3B
| $12.6M | 2.39% |
1,600,000
-1,300,000
| -45% | -$11.1M |
|
18
Newell Brands
NWL
$2.22B
| $12M | 2.27% |
540,000
-460,000
| -46% | -$11.7M |
|
|
HT
19
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $11.2M | 2.13% |
1,200,000
-550,000
| -31% | -$5.22M |
|
20
NCR Voyix
VYX
$1.13B
| $10.1M | 1.92% |
+423,800
| New | +$11M |
|
|
CNR
21
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $9.94M | 1.89% |
680,000
+330,000
| +94% | +$5.37M |
|
22
SandRidge Energy
SD
$503M
| $8.85M | 1.68% |
+680,000
| New | +$5.62M |
|
|
PBPB
23
DELISTED
Potbelly
PBPB
| $8.47M | 1.61% |
1,250,000
-150,000
| -11% | -$1.04M |
|
24
Pitney Bowes
PBI
$2.51B
| $7.57M | 1.44% |
1,050,000
-1,650,000
| -61% | -$12.9M |
|
|
ZUO
25
DELISTED
Zuora, Inc.
ZUO
| $6.96M | 1.32% |
+420,000
| New | +$7.07M |
|
Similar funds
MLRA
RCM
FCM
AF
GAAM
HC
WB
NA
Soviero Asset Management's Q3 2021 Portfolio in Review
As of Q3 2021, Soviero Asset Management held 65 positions worth $526M, down 54% from $1.13B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Soviero Asset Management withdrew a net $520M in Q3 2021, closing 28 positions and reducing 13 holdings. Its most notable exit was Canadian Solar, an estimated $27.8M position sold in full.
By sector, the portfolio is most concentrated in Materials at 15% of assets, up from 4.7% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Soviero Asset Management opened a new position in ContextLogic worth $22.4M.
- Soviero Asset Management's largest Q3 2021 buy was ContextLogic: 136,667 shares worth $22.4M.
- Soviero Asset Management added most to Organon & Co in Q3 2021, an estimated $11.5M increase.
- Soviero Asset Management's biggest Q3 2021 reduction was Maxar Technologies Inc. Common Stock, cutting an estimated $20.6M.
- Soviero Asset Management fully exited Canadian Solar in Q3 2021, selling an estimated $27.8M.
- Soviero Asset Management's ten largest holdings make up 57% of its $526M portfolio in Q3 2021.
- Soviero Asset Management opened 18 new positions and closed 28 in Q3 2021.
- Soviero Asset Management's portfolio value fell 54% quarter-over-quarter to $526M.
Based on Soviero Asset Management's 13F filing for Q3 2021, filed 15 Nov 2021.