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WEC
White Elm Capital Portfolio holdings
AUM
$118M
1-Year Est. Return
42.18%
This Fund
S&P 500
This Quarter
Est. Return
+11.48%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$118M
AUM Growth
-$269M
(-70%)
Cap. Flow
-$290M
Cap. Flow
% of AUM
-245.69%
Top 10 Holdings %
Top 10 Hldgs %
60.53%
Holding
32
New
1
Increased
2
Reduced
21
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CoStar Group
CSGP
|
+$1.2M |
| 2 |
Costco
COST
|
+$565K |
| 3 |
Fair Isaac
FICO
|
+$437K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$18.8M |
| 2 |
Autodesk
ADSK
|
+$15.4M |
| 3 |
Visa
V
|
+$15.3M |
| 4 |
Palo Alto Networks
PANW
|
+$14.4M |
| 5 |
Vail Resorts
MTN
|
+$13.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.29% |
| 2 | Financials | 32.06% |
| 3 | Consumer Discretionary | 13.27% |
| 4 | Industrials | 12.92% |
| 5 | Energy | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Citigroup
C
$223B
| – | – |
-189,230
| Closed | -$13.1M |
|
27
GoDaddy
GDDY
$12.2B
| – | – |
-165,997
| Closed | -$11M |
|
28
Huntington Bancshares
HBAN
$36.8B
| – | – |
-886,676
| Closed | -$12.7M |
|
|
29
Palo Alto Networks
PANW
$279B
| – | – |
-422,628
| Closed | -$14.4M |
|
30
Thermo Fisher Scientific
TMO
$195B
| – | – |
-13,700
| Closed | -$3.99M |
|
31
US Foods
USFD
$20.9B
| – | – |
-309,593
| Closed | -$12.7M |
|
|
TIF
32
DELISTED
Tiffany & Co.
TIF
| – | – |
-96,574
| Closed | -$8.95M |
|
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White Elm Capital's Q4 2019 Portfolio in Review
As of Q4 2019, White Elm Capital held 32 positions worth $118M, down 70% from $387M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
White Elm Capital withdrew a net $290M in Q4 2019, closing 8 positions and reducing 21 holdings. Its most notable exit was Palo Alto Networks, an estimated $14.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, White Elm Capital opened a new position in Costco worth $558K.
- White Elm Capital's largest Q4 2019 buy was Costco: 1,900 shares worth $558K.
- White Elm Capital added most to CoStar Group in Q4 2019, an estimated $1.2M increase.
- White Elm Capital's biggest Q4 2019 reduction was TransDigm Group, cutting an estimated $18.8M.
- White Elm Capital fully exited Palo Alto Networks in Q4 2019, selling an estimated $14.4M.
- White Elm Capital's ten largest holdings make up 61% of its $118M portfolio in Q4 2019.
- White Elm Capital opened 1 new position and closed 8 in Q4 2019.
- White Elm Capital's portfolio value fell 70% quarter-over-quarter to $118M.
Based on White Elm Capital's 13F filing for Q4 2019, filed 14 Feb 2020.