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VCM
Voce Capital Management Portfolio holdings
AUM
$57.8M
1-Year Est. Return
9.28%
This Fund
S&P 500
This Quarter
Est. Return
+12.24%
1 Year Est. Return
-9.28%
3 Year Est. Return
+69.22%
5 Year Est. Return
+12.27%
10 Year Est. Return
–
AUM
$77.7M
AUM Growth
-$62K
(-0.08%)
Cap. Flow
-$7.55M
Cap. Flow
% of AUM
-9.71%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
1
Increased
6
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AIRM
Air Methods Corp
AIRM
|
+$2.64M |
| 2 |
FirstCash
FCFS
|
+$1.14M |
| 3 |
Lumentum
LITE
|
+$659K |
| 4 |
Calix
CALX
|
+$538K |
| 5 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$405K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NTUS
Natus Medical Inc
NTUS
|
+$4.88M |
| 2 |
ITG
Investment Technology Group Inc
ITG
|
+$4.07M |
| 3 |
DEST
Destination Maternity Corporation
DEST
|
+$2.32M |
| 4 |
TDAY
USA Today Co
TDAY
|
+$1.46M |
| 5 |
RTEC
Rudolph Technologies Inc
RTEC
|
+$651K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 69.52% |
| 2 | Healthcare | 16.23% |
| 3 | Financials | 1.47% |
| 4 | Communication Services | 0% |
| 5 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AIRM
1
DELISTED
Air Methods Corp
AIRM
| $35.9M | 46.15% |
1,126,415
+85,750
| +8% | +$2.64M |
|
|
CUTR
2
DELISTED
Cutera, Inc.
CUTR
| $12.6M | 16.23% |
727,031
| – | – |
|
|
ITG
3
DELISTED
Investment Technology Group Inc
ITG
| $5.43M | 6.98% |
274,849
-225,166
| -45% | -$4.07M |
|
4
Onto Innovation
ONTO
$13.8B
| $4.89M | 6.29% |
195,024
+7,635
| +4% | +$175K |
|
|
RTEC
5
DELISTED
Rudolph Technologies Inc
RTEC
| $4.83M | 6.21% |
206,662
-33,255
| -14% | -$651K |
|
|
ARRS
6
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $4.51M | 5.8% |
149,642
+13,968
| +10% | +$405K |
|
|
7
Calix
CALX
$2.32B
| $4.39M | 5.64% |
569,933
+73,926
| +15% | +$538K |
|
|
8
Lumentum
LITE
$60.4B
| $2.19M | 2.82% |
56,754
+16,568
| +41% | +$659K |
|
|
OCLR
9
DELISTED
Oclaro Inc.
OCLR
| $1.88M | 2.41% |
209,457
+31,359
| +18% | +$271K |
|
|
10
FirstCash
FCFS
$8.74B
| $1.14M | 1.47% |
+24,294
| New | +$1.14M |
|
|
TDAY
11
USA Today Co
TDAY
$1.24B
| – | – |
-94,129
| Closed | -$1.46M |
|
|
NTUS
12
DELISTED
Natus Medical Inc
NTUS
| – | – |
-124,166
| Closed | -$4.88M |
|
|
DEST
13
DELISTED
Destination Maternity Corporation
DEST
| – | – |
-327,412
| Closed | -$2.32M |
|
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Voce Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Voce Capital Management held 13 positions worth $77.7M, down 0.08% from $77.8M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Voce Capital Management withdrew a net $7.55M in Q4 2016, closing 3 positions and reducing 2 holdings. Its most notable exit was Natus Medical Inc, an estimated $4.88M position sold in full.
By sector, the portfolio is most concentrated in Technology at 70% of assets, up from 62% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Voce Capital Management opened a new position in FirstCash worth $1.14M.
- Voce Capital Management's largest Q4 2016 buy was FirstCash: 24,294 shares worth $1.14M.
- Voce Capital Management added most to Air Methods Corp in Q4 2016, an estimated $2.64M increase.
- Voce Capital Management's biggest Q4 2016 reduction was Investment Technology Group Inc, cutting an estimated $4.07M.
- Voce Capital Management fully exited Natus Medical Inc in Q4 2016, selling an estimated $4.88M.
- Voce Capital Management's ten largest holdings make up 100% of its $77.7M portfolio in Q4 2016.
- Voce Capital Management opened 1 new position and closed 3 in Q4 2016.
- Voce Capital Management's portfolio value fell 0.08% quarter-over-quarter to $77.7M.
Based on Voce Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.