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TCM

Tributary Capital Management Portfolio holdings

AUM $1.22B
1-Year Est. Return 44.12%
This Fund
S&P 500
This Quarter Est. Return
+2.83%
1 Year Est. Return
+44.12%
3 Year Est. Return
+82.34%
5 Year Est. Return
+109.28%
10 Year Est. Return
+466.43%
AUM
$476M
AUM Growth
-$28.9M
Cap. Flow
-$36.3M
Cap. Flow %
-7.62%
Top 10 Hldgs %
11.92%
Holding
199
New
10
Increased
39
Reduced
69
Closed
55

Top Buys

Rank Stock Value
1
RGR icon
Sturm, Ruger & Co
RGR
+$3.01M
2
FWRD icon
Forward Air
FWRD
+$2.92M
3
NTCT icon
NETSCOUT
NTCT
+$2.83M
4
URI icon
United Rentals
URI
+$2.6M
5
CFNL
Cardinal Financial Corp
CFNL
+$2.51M

Top Sells

Rank Stock Value
1
AGCO icon
AGCO
AGCO
+$4.27M
2
JWN
Nordstrom
JWN
+$3.28M
3
VMW
VMware, Inc
VMW
+$3.16M
4
TMO icon
Thermo Fisher Scientific
TMO
+$2.87M
5
PIR
Pier 1 Imports, Inc.
PIR
+$2.67M

Sector Composition

Rank Sector Weight
1 Industrials 21.21%
2 Technology 15%
3 Financials 12.53%
4 Consumer Discretionary 10.97%
5 Healthcare 8.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEP icon
176
PepsiCo
PEP
$190B
– –
-700
Closed -$58K
PG icon
177
Procter & Gamble
PG
$336B
– –
-725
Closed -$59K
QCOM icon
178
Qualcomm
QCOM
$155B
– –
-670
Closed -$50K
RTX icon
179
RTX Corp
RTX
$290B
– –
-683
Closed -$49K
SBUX icon
180
Starbucks
SBUX
$120B
– –
-35,000
Closed -$1.37M
SLB icon
181
SLB Ltd
SLB
$73.6B
– –
-21,980
Closed -$1.98M
SYK icon
182
Stryker
SYK
$125B
– –
-23,250
Closed -$1.75M
TGT icon
183
Target
TGT
$65.6B
– –
-850
Closed -$54K
TMO icon
184
Thermo Fisher Scientific
TMO
$213B
– –
-25,800
Closed -$2.87M
TPR icon
185
Tapestry
TPR
$30.8B
– –
-332
Closed -$19K
TRV icon
186
Travelers Companies
TRV
$78.1B
– –
-330
Closed -$30K
UNH icon
187
UnitedHealth
UNH
$376B
– –
-15,000
Closed -$1.13M
WFC icon
188
Wells Fargo
WFC
$261B
– –
-28,000
Closed -$1.27M
CHS
189
DELISTED
Chicos FAS, Inc.
CHS
– –
-134,249
Closed -$2.53M
VMW
190
DELISTED
VMware, Inc
VMW
– –
-35,212
Closed -$3.16M
GBL
191
DELISTED
GAMCO Investors, Inc.
GBL
– –
-18,999
Closed -$890K
VAR
192
DELISTED
Varian Medical Systems, Inc.
VAR
– –
-456
Closed -$31K
PIR
193
DELISTED
Pier 1 Imports, Inc.
PIR
– –
-5,789
Closed -$2.67M
MDSO
194
DELISTED
Medidata Solutions, Inc.
MDSO
– –
-13,500
Closed -$817K
MON
195
DELISTED
Monsanto Co
MON
– –
-15,000
Closed -$1.75M
AGU
196
DELISTED
Agrium
AGU
– –
-13,053
Closed -$1.19M
DD
197
DELISTED
Du Pont De Nemours E I
DD
– –
-569
Closed -$35K
WFM
198
DELISTED
Whole Foods Market Inc
WFM
– –
-6,500
Closed -$376K
KMR
199
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
– –
-718
Closed –
4 5 6 7
8

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Tributary Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Tributary Capital Management held 199 positions worth $476M, down 5.7% from $505M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Tributary Capital Management withdrew a net $36.3M in Q1 2014, closing 55 positions and reducing 69 holdings. Its most notable exit was AGCO, an estimated $4.27M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Tributary Capital Management opened a new position in NETSCOUT worth $3.01M.

  • Tributary Capital Management's largest Q1 2014 buy was NETSCOUT: 80,150 shares worth $3.01M.
  • Tributary Capital Management added most to Sturm, Ruger & Co in Q1 2014, an estimated $3.01M increase.
  • Tributary Capital Management's biggest Q1 2014 reduction was Bausch Health, cutting an estimated $2.52M.
  • Tributary Capital Management fully exited AGCO in Q1 2014, selling an estimated $4.27M.
  • Tributary Capital Management's ten largest holdings make up 12% of its $476M portfolio in Q1 2014.
  • Tributary Capital Management opened 10 new positions and closed 55 in Q1 2014.
  • Tributary Capital Management's portfolio value fell 5.7% quarter-over-quarter to $476M.

Based on Tributary Capital Management's 13F filing for Q1 2014, filed 15 May 2014.