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SPO Advisory Portfolio holdings
AUM
$2.11B
1-Year Est. Return
14.87%
This Fund
S&P 500
This Quarter
Est. Return
-0.75%
1 Year Est. Return
-14.87%
3 Year Est. Return
+28.41%
5 Year Est. Return
+38.25%
10 Year Est. Return
–
AUM
$4.09B
AUM Growth
-$663M
(-14%)
Cap. Flow
-$616M
Cap. Flow
% of AUM
-15.04%
Top 10 Holdings %
Top 10 Hldgs %
92.87%
Holding
17
New
1
Increased
3
Reduced
6
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$179M |
| 2 |
Zillow
Z
|
+$87.5M |
| 3 |
Electronic Arts
EA
|
+$63.7M |
| 4 |
TransDigm Group
TDG
|
+$26.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$229M |
| 2 |
Liberty Global Class C
LBTYK
|
+$211M |
| 3 |
LPL Financial
LPLA
|
+$147M |
| 4 |
VTLE
Vital Energy
VTLE
|
+$134M |
| 5 |
Liberty Media Series C
FWONK
|
+$103M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 63.01% |
| 2 | Real Estate | 12.04% |
| 3 | Industrials | 10.18% |
| 4 | Financials | 7.02% |
| 5 | Consumer Discretionary | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Equinix
EQIX
$101B
| $493M | 12.04% |
1,138,173
| – | – |
|
|
2
Meta Platforms (Facebook)
META
$1.64T
| $484M | 11.84% |
2,944,800
+989,300
| +51% | +$179M |
|
|
3
Liberty Global Class C
LBTYK
$3.41B
| $460M | 11.24% |
16,332,007
-7,815,000
| -32% | -$211M |
|
4
Charter Communications
CHTR
$16.2B
| $422M | 10.31% |
1,294,180
-317,900
| -20% | -$97M |
|
|
5
TransDigm Group
TDG
$67.9B
| $417M | 10.18% |
1,119,300
+73,500
| +7% | +$26.5M |
|
6
Alphabet (Google) Class C
GOOG
$4.22T
| $394M | 9.64% |
6,610,000
| – | – |
|
|
7
Zillow
Z
$7.76B
| $297M | 7.27% |
6,722,900
+1,678,000
| +33% | +$87.5M |
|
|
SCHW
8
Charles Schwab
SCHW
$177B
| $287M | 7.02% |
5,843,424
-196,400
| -3% | -$10M |
|
|
9
Liberty Media Series C
FWONK
$25.6B
| $281M | 6.87% |
7,816,329
-2,906,972
| -27% | -$103M |
|
10
Vail Resorts
MTN
$5.27B
| $264M | 6.46% |
963,700
| – | – |
|
|
11
Alphabet (Google) Class A
GOOGL
$4.23T
| $120M | 2.94% |
1,990,000
-700,000
| -26% | -$42.4M |
|
|
12
Electronic Arts
EA
$52.4B
| $59.6M | 1.46% |
+494,500
| New | +$63.7M |
|
|
ZAYO
13
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $52.6M | 1.29% |
1,515,841
-6,265,200
| -81% | -$229M |
|
14
Liberty Global Class A
LBTYA
$3.52B
| $29.8M | 0.73% |
1,030,859
| – | – |
|
15
Zillow
ZG
$7.71B
| $29.6M | 0.72% |
668,700
| – | – |
|
|
16
LPL Financial
LPLA
$26B
| – | – |
-2,239,826
| Closed | -$147M |
|
|
VTLE
17
DELISTED
Vital Energy
VTLE
| – | – |
-695,295
| Closed | -$134M |
|
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SPO Advisory's Q3 2018 Portfolio in Review
As of Q3 2018, SPO Advisory held 17 positions worth $4.09B, down 14% from $4.75B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
SPO Advisory withdrew a net $616M in Q3 2018, closing 2 positions and reducing 6 holdings. Its most notable exit was LPL Financial, an estimated $147M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 63% of assets, up from 58% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, SPO Advisory opened a new position in Electronic Arts worth $59.6M.
- SPO Advisory's largest Q3 2018 buy was Electronic Arts: 494,500 shares worth $59.6M.
- SPO Advisory added most to Meta Platforms (Facebook) in Q3 2018, an estimated $179M increase.
- SPO Advisory's biggest Q3 2018 reduction was Zayo Group Holdings, Inc., cutting an estimated $229M.
- SPO Advisory fully exited LPL Financial in Q3 2018, selling an estimated $147M.
- SPO Advisory's ten largest holdings make up 93% of its $4.09B portfolio in Q3 2018.
- SPO Advisory opened 1 new position and closed 2 in Q3 2018.
- SPO Advisory's portfolio value fell 14% quarter-over-quarter to $4.09B.
Based on SPO Advisory's 13F filing for Q3 2018, filed 14 Nov 2018.