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Sunriver Management Portfolio holdings
AUM
$637M
Turnover
65.52%
1-Year Est. Return
2.87%
This Fund
S&P 500
This Quarter
Est. Return
+9.84%
1 Year Est. Return
+2.87%
3 Year Est. Return
+9.27%
5 Year Est. Return
+2.77%
10 Year Est. Return
+135.84%
AUM
$535M
AUM Growth
-$71.5M
(-12%)
Cap. Flow
-$117M
Cap. Flow
% of AUM
-21.84%
Top 10 Holdings %
Top 10 Hldgs %
73.5%
Holding
25
New
6
Increased
6
Reduced
7
Closed
6
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Box
BOX
|
+$25.3M |
| 2 |
Dun & Bradstreet
DNB
|
+$20.9M |
| 3 |
Dolby
DLB
|
+$17.6M |
| 4 |
Cushman & Wakefield Ltd
CWK
|
+$14.6M |
| 5 |
FPAC
Far Peak Acquisition Corporation
FPAC
|
+$11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CHNG
Change Healthcare Inc. Common Stock
CHNG
|
+$42.7M |
| 2 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$29.9M |
| 3 |
PRSP
Perspecta Inc. Common Stock
PRSP
|
+$29.4M |
| 4 |
Eagle Materials
EXP
|
+$27.7M |
| 5 |
Willis Towers Watson
WTW
|
+$22.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.12% |
| 2 | Industrials | 32.11% |
| 3 | Financials | 17.08% |
| 4 | Consumer Staples | 4.9% |
| 5 | Real Estate | 2.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
SS&C Technologies
SSNC
$19.8B
| $51.4M | 9.61% |
735,516
+54,754
| +8% | +$3.7M |
2019 Q3
6 quarters
|
|
|
2
Box
BOX
$5.42B
| $46.7M | 8.73% |
2,032,515
+1,300,950
| +178% | +$25.3M |
2020 Q4
1 quarter
|
|
3
SEI Investments
SEIC
$12.6B
| $41.6M | 7.77% |
682,313
+67,913
| +11% | +$3.98M |
2020 Q3
2 quarters
|
|
4
Fiserv Inc
FISV
$25.1B
| $41.3M | 7.73% |
347,070
-112,998
| -25% | -$13M |
2019 Q3
6 quarters
|
|
5
Saic
SAIC
$5.59B
| $40.5M | 7.58% |
484,634
+95,297
| +24% | +$8.94M |
2020 Q1
4 quarters
|
|
6
Otis Worldwide
OTIS
$26.8B
| $40.3M | 7.53% |
588,452
-66,002
| -10% | -$4.31M |
2020 Q2
3 quarters
|
|
|
TLND
7
DELISTED
Talend S.A. American Depositary Shares
TLND
| $40M | 7.48% |
628,532
-574,865
| -48% | -$29.9M |
2019 Q1
8 quarters
|
|
8
Wabtec
WAB
$48.6B
| $36M | 6.72% |
454,296
+7,182
| +2% | +$557K |
2020 Q4
1 quarter
|
|
9
CSX Corp
CSX
$90.2B
| $28.1M | 5.25% |
873,003
-82,662
| -9% | -$2.52M |
2019 Q1
8 quarters
|
|
10
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $27.3M | 5.11% |
237,201
-50,350
| -18% | -$5.46M |
2017 Q2
15 quarters
|
|
11
US Foods
USFD
$22B
| $26.2M | 4.9% |
686,916
-307,587
| -31% | -$11.1M |
2020 Q2
3 quarters
|
|
12
Insperity
NSP
$1.94B
| $21.9M | 4.09% |
261,101
+12,386
| +5% | +$1.05M |
2020 Q2
3 quarters
|
|
|
13
DELISTED
Dun & Bradstreet
DNB
| $20.8M | 3.88% |
+871,812
| New | +$20.9M |
2021 Q1
0 quarters
|
|
|
14
Willis Towers Watson
WTW
$28.8B
| $18.5M | 3.46% |
80,959
-104,222
| -56% | -$22.7M |
2020 Q1
4 quarters
|
|
|
15
Dolby
DLB
$5.7B
| $18.2M | 3.41% |
+184,556
| New | +$17.6M |
2021 Q1
0 quarters
|
|
|
16
Cushman & Wakefield Ltd
CWK
$2.73B
| $15.2M | 2.85% |
+933,539
| New | +$14.6M |
2021 Q1
0 quarters
|
|
|
FPAC
17
DELISTED
Far Peak Acquisition Corporation
FPAC
| $10.5M | 1.96% |
+1,074,963
| New | +$11M |
2021 Q1
0 quarters
|
|
|
ASZ.U
18
DELISTED
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
| $10M | 1.87% |
+999,230
| New | +$10.1M |
2021 Q1
0 quarters
|
|
|
FPAC.WS
19
DELISTED
Far Peak Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
FPAC.WS
| $394K | 0.07% |
+358,321
| New | +$635K |
2021 Q1
0 quarters
|
|
|
20
Eagle Materials
EXP
$5.23B
| – | – |
-273,705
| Closed | -$27.7M | – |
|
21
DELISTED
R1 RCM Inc. Common Stock
RCM
| – | – |
-589,908
| Closed | -$14.2M | – |
|
|
FPAC.U
22
DELISTED
Far Peak Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
FPAC.U
| – | – |
-1,000,000
| Closed | -$10.3M | – |
|
|
CHNG
23
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| – | – |
-2,290,326
| Closed | -$42.7M | – |
|
24
DELISTED
SolarWinds Corporation Common Stock
SWI
| – | – |
-1,392,572
| Closed | -$22M | – |
|
|
PRSP
25
DELISTED
Perspecta Inc. Common Stock
PRSP
| – | – |
-1,221,613
| Closed | -$29.4M | – |
|
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SIG
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MCM
AHSW
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MPIA
KJWM
Sunriver Management's Q1 2021 Portfolio in Review
As of Q1 2021, Sunriver Management held 25 positions worth $535M, down 12% from $606M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Sunriver Management withdrew a net $117M in Q1 2021, closing 6 positions and reducing 7 holdings. Its most notable exit was Change Healthcare Inc. Common Stock, an estimated $42.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, down from 48% a quarter earlier, followed by Industrials and Financials.
Against the trend, Sunriver Management opened a new position in Dun & Bradstreet worth $20.8M.
- Sunriver Management's largest Q1 2021 buy was Dun & Bradstreet: 871,812 shares worth $20.8M.
- Sunriver Management added most to Box in Q1 2021, an estimated $25.3M increase.
- Sunriver Management's biggest Q1 2021 reduction was Talend S.A. American Depositary Shares, cutting an estimated $29.9M.
- Sunriver Management fully exited Change Healthcare Inc. Common Stock in Q1 2021, selling an estimated $42.7M.
- Sunriver Management's ten largest holdings make up 74% of its $535M portfolio in Q1 2021.
- Sunriver Management opened 6 new positions and closed 6 in Q1 2021.
- Sunriver Management's portfolio value fell 12% quarter-over-quarter to $535M.
Based on Sunriver Management's 13F filing for Q1 2021, filed 17 May 2021.