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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
+4.99%
1 Year Est. Return
-9.28%
3 Year Est. Return
+69.22%
5 Year Est. Return
+12.27%
10 Year Est. Return
–
AUM
$144M
AUM Growth
+$13.1M
(+10%)
Cap. Flow
+$10.7M
Cap. Flow
% of AUM
7.41%
Top 10 Holdings %
Top 10 Hldgs %
98.64%
Holding
17
New
–
Increased
3
Reduced
3
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ARGO
Argo Group International Holdings, Ltd.
ARGO
|
+$17.4M |
| 2 |
CUTR
Cutera, Inc.
CUTR
|
+$1.26M |
| 3 |
HNGR
Hanger Inc.
HNGR
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Azenta
AZTA
|
+$2.45M |
| 2 |
ONDK
On Deck Capital, Inc.
ONDK
|
+$2.07M |
| 3 |
IMAX
IMAX
|
+$1.47M |
| 4 |
Sonos
SONO
|
+$878K |
| 5 |
TVTY
Tivity Health, Inc. Common Stock
TVTY
|
+$471K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 80.89% |
| 2 | Healthcare | 10.23% |
| 3 | Technology | 6.45% |
| 4 | Consumer Discretionary | 0.94% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ARGO
1
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $114M | 79.15% |
3,273,697
+522,541
| +19% | +$17.4M |
|
2
Calix
CALX
$2.3B
| $9.3M | 6.45% |
623,907
| – | – |
|
|
CUTR
3
DELISTED
Cutera, Inc.
CUTR
| $5.91M | 4.1% |
485,627
+95,238
| +24% | +$1.26M |
|
4
Enova International
ENVA
$5.88B
| $2.51M | 1.74% |
168,865
-22,151
| -12% | -$308K |
|
5
RadNet
RDNT
$4.89B
| $2.24M | 1.55% |
141,094
| – | – |
|
|
AVID
6
DELISTED
Avid Technology Inc
AVID
| $2.15M | 1.49% |
295,069
-54,836
| -16% | -$362K |
|
|
7
Azenta
AZTA
$1.27B
| $1.82M | 1.26% |
41,179
-63,979
| -61% | -$2.45M |
|
|
HNGR
8
DELISTED
Hanger Inc.
HNGR
| $1.65M | 1.14% |
99,581
+8,746
| +10% | +$148K |
|
9
America's Car Mart
CRMT
$27.6M
| $1.35M | 0.94% |
15,324
| – | – |
|
10
Evolent Health
EVH
$489M
| $1.16M | 0.8% |
162,206
| – | – |
|
11
Accuray
ARAY
$27.5M
| $1.06M | 0.74% |
521,634
| – | – |
|
12
Surgery Partners
SGRY
$2.08B
| $900K | 0.62% |
77,771
| – | – |
|
|
13
IMAX
IMAX
$2.39B
| – | – |
-162,875
| Closed | -$1.47M |
|
|
14
Sonos
SONO
$1.74B
| – | – |
-103,531
| Closed | -$878K |
|
|
IVC
15
DELISTED
Invacare Corporation
IVC
| – | – |
-19,775
| Closed | -$147K |
|
|
TVTY
16
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| – | – |
-74,821
| Closed | -$471K |
|
|
ONDK
17
DELISTED
On Deck Capital, Inc.
ONDK
| – | – |
-1,342,340
| Closed | -$2.07M |
|
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Voce Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Voce Capital Management held 17 positions worth $144M, up 10% from $131M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Voce Capital Management deployed $10.7M of net new capital in Q2 2020, adding to 3 existing holdings.
By sector, the portfolio is most concentrated in Financials at 81% of assets, down from 82% a quarter earlier, followed by Healthcare and Technology.
On the sell side, the largest reduction was Azenta, an estimated $2.45M trimmed.
- Voce Capital Management added most to Argo Group International Holdings, Ltd. in Q2 2020, an estimated $17.4M increase.
- Voce Capital Management's biggest Q2 2020 reduction was Azenta, cutting an estimated $2.45M.
- Voce Capital Management fully exited On Deck Capital, Inc. in Q2 2020, selling an estimated $2.07M.
- Voce Capital Management's ten largest holdings make up 99% of its $144M portfolio in Q2 2020.
- Voce Capital Management opened 0 new positions and closed 5 in Q2 2020.
- Voce Capital Management's portfolio value rose 10% quarter-over-quarter to $144M.
Based on Voce Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.