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SP
Stockbridge Partners Portfolio holdings
AUM
$4.14B
1-Year Est. Return
16.9%
This Fund
S&P 500
This Quarter
Est. Return
+14.52%
1 Year Est. Return
+16.9%
3 Year Est. Return
+90.96%
5 Year Est. Return
+85.16%
10 Year Est. Return
+429.28%
AUM
$4.68B
AUM Growth
+$182M
(+4%)
Cap. Flow
-$413M
Cap. Flow
% of AUM
-8.83%
Top 10 Holdings %
Top 10 Hldgs %
89.65%
Holding
17
New
2
Increased
7
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCN
Waste Connections
WCN
|
+$136M |
| 2 |
Lamb Weston
LW
|
+$51.8M |
| 3 |
United Rentals
URI
|
+$47.4M |
| 4 |
Liberty Broadband Class C
LBRDK
|
+$42.1M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$41.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$229M |
| 2 |
ServiceNow
NOW
|
+$167M |
| 3 |
Visa
V
|
+$156M |
| 4 |
TransDigm Group
TDG
|
+$137M |
| 5 |
Guidewire Software
GWRE
|
+$80.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.83% |
| 2 | Communication Services | 19.22% |
| 3 | Technology | 18.58% |
| 4 | Materials | 9.98% |
| 5 | Healthcare | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TransDigm Group
TDG
$69.2B
| $1.04B | 22.14% |
1,023,938
-147,981
| -13% | -$137M |
|
2
Vulcan Materials
VMC
$36.3B
| $467M | 9.98% |
2,057,335
+187,648
| +10% | +$39.7M |
|
|
3
Thermo Fisher Scientific
TMO
$211B
| $385M | 8.23% |
725,434
+86,579
| +14% | +$41.9M |
|
4
New York Times
NYT
$11.6B
| $375M | 8.01% |
7,647,531
+41,861
| +0.6% | +$1.85M |
|
5
Amazon
AMZN
$2.5T
| $367M | 7.85% |
2,417,336
+23,389
| +1% | +$3.28M |
|
6
Microsoft
MSFT
$2.84T
| $352M | 7.52% |
935,741
-75,869
| -7% | -$27M |
|
|
7
Guidewire Software
GWRE
$11.5B
| $346M | 7.4% |
3,176,527
-844,354
| -21% | -$80.6M |
|
|
8
Lamb Weston
LW
$6.82B
| $342M | 7.31% |
3,164,302
+537,480
| +20% | +$51.8M |
|
|
9
Liberty Broadband Class C
LBRDK
$4.15B
| $305M | 6.52% |
3,787,842
+501,400
| +15% | +$42.1M |
|
10
Charter Communications
CHTR
$14.7B
| $219M | 4.69% |
564,380
+92,543
| +20% | +$37.7M |
|
|
11
Uber
UBER
$134B
| $171M | 3.65% |
2,777,584
-4,386,925
| -61% | -$229M |
|
|
WCN
12
Waste Connections
WCN
$42.8B
| $148M | 3.17% |
+993,747
| New | +$136M |
|
13
Advanced Drainage Systems
WMS
$10.9B
| $107M | 2.29% |
762,895
| – | – |
|
|
14
United Rentals
URI
$71.1B
| $57.7M | 1.23% |
+100,580
| New | +$47.4M |
|
15
Lifestance Health
LFST
$4.16B
| – | – |
-2,813,215
| Closed | -$19.3M |
|
|
16
ServiceNow
NOW
$102B
| – | – |
-1,491,835
| Closed | -$167M |
|
|
17
Visa
V
$677B
| – | – |
-677,873
| Closed | -$156M |
|
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Stockbridge Partners's Q4 2023 Portfolio in Review
As of Q4 2023, Stockbridge Partners held 17 positions worth $4.68B, up 4% from $4.5B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Stockbridge Partners withdrew a net $413M in Q4 2023, closing 3 positions and reducing 4 holdings. Its most notable exit was ServiceNow, an estimated $167M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 29% of assets, up from 24% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Stockbridge Partners opened a new position in Waste Connections worth $148M.
- Stockbridge Partners's largest Q4 2023 buy was Waste Connections: 993,747 shares worth $148M.
- Stockbridge Partners added most to Lamb Weston in Q4 2023, an estimated $51.8M increase.
- Stockbridge Partners's biggest Q4 2023 reduction was Uber, cutting an estimated $229M.
- Stockbridge Partners fully exited ServiceNow in Q4 2023, selling an estimated $167M.
- Stockbridge Partners's ten largest holdings make up 90% of its $4.68B portfolio in Q4 2023.
- Stockbridge Partners opened 2 new positions and closed 3 in Q4 2023.
- Stockbridge Partners's portfolio value rose 4% quarter-over-quarter to $4.68B.
Based on Stockbridge Partners's 13F filing for Q4 2023, filed 14 Feb 2024.