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WCM

Westerly Capital Management Portfolio holdings

AUM $368M
1-Year Est. Return 42.67%
This Fund
S&P 500
This Quarter Est. Return
+9.65%
1 Year Est. Return
+42.67%
3 Year Est. Return
+104%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$190M
AUM Growth
+$50.3M
Cap. Flow
+$6.02M
Cap. Flow %
3.17%
Top 10 Hldgs %
51.43%
Holding
63
New
12
Increased
11
Reduced
17
Closed
12

Top Buys

Rank Stock Value
1
OKTA icon
Okta
OKTA
+$5.32M
2
SNAP icon
Snap
SNAP
+$5.02M
3
SMAR
Smartsheet Inc.
SMAR
+$4.76M
4
ASAN icon
Asana
ASAN
+$4.51M
5
AMZN icon
Amazon
AMZN
+$3.43M

Top Sells

Rank Stock Value
1
BLKB icon
Blackbaud
BLKB
+$7.97M
2
RNG icon
RingCentral
RNG
+$5.06M
3
META icon
Meta Platforms (Facebook)
META
+$4.69M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$4.16M
5
MWA icon
Mueller Water Products
MWA
+$2.93M

Sector Composition

Rank Sector Weight
1 Technology 48.99%
2 Communication Services 17.12%
3 Industrials 4.56%
4 Consumer Discretionary 3.08%
5 Financials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GTLB icon
51
GitLab
GTLB
$5.83B
– –
-75,000
Closed -$2.57M
MWA icon
52
Mueller Water Products
MWA
$3.95B
– –
-210,000
Closed -$2.93M
RBBN icon
53
Ribbon Communications
RBBN
$377M
– –
-300,000
Closed -$1.03M
RNG icon
54
RingCentral
RNG
$4.66B
– –
-165,000
Closed -$5.06M
RUN icon
55
PUT
Sunrun
RUN
$2.34B
– –
0
– -$32.5K
WDAY icon
56
Workday
WDAY
$39.6B
– –
-10,000
Closed -$2.07M
MTTR
57
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
– –
-250,000
Closed -$683K
ZUO
58
DELISTED
Zuora, Inc.
ZUO
– –
-250,000
Closed -$2.47M
1 2
3

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NWM
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ACA
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Westerly Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Westerly Capital Management held 63 positions worth $190M, up 36% from $140M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Westerly Capital Management deployed $6.02M of net new capital in Q2 2023, opening 12 new positions and adding to 11 existing holdings. Its largest new stake was Okta: 70,000 shares worth $4.85M.

By sector, the portfolio is most concentrated in Technology at 49% of assets, down from 54% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $4.69M trimmed.

  • Westerly Capital Management's largest Q2 2023 buy was Okta: 70,000 shares worth $4.85M.
  • Westerly Capital Management added most to Asana in Q2 2023, an estimated $4.51M increase.
  • Westerly Capital Management's biggest Q2 2023 reduction was Meta Platforms (Facebook), cutting an estimated $4.69M.
  • Westerly Capital Management fully exited Blackbaud in Q2 2023, selling an estimated $7.97M.
  • Westerly Capital Management's ten largest holdings make up 51% of its $190M portfolio in Q2 2023.
  • Westerly Capital Management opened 12 new positions and closed 12 in Q2 2023.
  • Westerly Capital Management's portfolio value rose 36% quarter-over-quarter to $190M.

Based on Westerly Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.