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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
+8.53%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$790M
AUM Growth
-$75.1M
(-8.7%)
Cap. Flow
-$127M
Cap. Flow
% of AUM
-16.06%
Top 10 Holdings %
Top 10 Hldgs %
55.67%
Holding
30
New
3
Increased
5
Reduced
21
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$22.8M |
| 2 |
Synchrony
SYF
|
+$11.6M |
| 3 |
Veeva Systems
VEEV
|
+$11.1M |
| 4 |
BEAV
B/E Aerospace Inc
BEAV
|
+$6.67M |
| 5 |
PayPal
PYPL
|
+$4.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HSNI
HSN, Inc.
HSNI
|
+$33.5M |
| 2 |
QVCGA
QVC Group Inc Series A
QVCGA
|
+$27M |
| 3 |
TransDigm Group
TDG
|
+$13.6M |
| 4 |
Corpay
CPAY
|
+$11.8M |
| 5 |
Salesforce
CRM
|
+$11.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 19.96% |
| 2 | Communication Services | 19.71% |
| 3 | Financials | 15.9% |
| 4 | Technology | 14.03% |
| 5 | Industrials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Salesforce
CRM
$149B
| $9.47M | 1.2% |
132,704
-149,100
| -53% | -$11.6M |
|
27
Liberty Latin America Class A
LILA
$1.67B
| $7.67M | 0.97% |
434,420
-112,137
| -21% | -$2.21M |
|
28
Liberty Global Class A
LBTYA
$3.49B
| $5.46M | 0.69% |
159,600
+81,700
| +105% | +$2.59M |
|
|
29
PayPal
PYPL
$51.4B
| $4.79M | 0.61% |
+116,800
| New | +$4.49M |
|
|
HSNI
30
DELISTED
HSN, Inc.
HSNI
| – | – |
-685,326
| Closed | -$33.5M |
|
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White Elm Capital's Q3 2016 Portfolio in Review
As of Q3 2016, White Elm Capital held 30 positions worth $790M, down 8.7% from $865M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
White Elm Capital withdrew a net $127M in Q3 2016, closing 1 position and reducing 21 holdings. Its most notable exit was HSN, Inc., an estimated $33.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, down from 27% a quarter earlier, followed by Communication Services and Financials.
Against the trend, White Elm Capital opened a new position in Atlassian worth $23.4M.
- White Elm Capital's largest Q3 2016 buy was Atlassian: 780,465 shares worth $23.4M.
- White Elm Capital added most to Synchrony in Q3 2016, an estimated $11.6M increase.
- White Elm Capital's biggest Q3 2016 reduction was QVC Group Inc Series A, cutting an estimated $27M.
- White Elm Capital fully exited HSN, Inc. in Q3 2016, selling an estimated $33.5M.
- White Elm Capital's ten largest holdings make up 56% of its $790M portfolio in Q3 2016.
- White Elm Capital opened 3 new positions and closed 1 in Q3 2016.
- White Elm Capital's portfolio value fell 8.7% quarter-over-quarter to $790M.
Based on White Elm Capital's 13F filing for Q3 2016, filed 14 Nov 2016.