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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
+6.37%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$456M
AUM Growth
-$17.8M
(-3.8%)
Cap. Flow
-$43.3M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
48.36%
Holding
32
New
3
Increased
6
Reduced
17
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GoDaddy
GDDY
|
+$12.6M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$7.97M |
| 3 |
Lamb Weston
LW
|
+$7.35M |
| 4 |
BKI
Black Knight, Inc. Common Stock
BKI
|
+$5.11M |
| 5 |
LKQ Corp
LKQ
|
+$3.63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expedia Group
EXPE
|
+$20.4M |
| 2 |
ServiceNow
NOW
|
+$10.5M |
| 3 |
Veeva Systems
VEEV
|
+$8.7M |
| 4 |
Amazon
AMZN
|
+$7.31M |
| 5 |
Liberty Global Class C
LBTYK
|
+$7.31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.88% |
| 2 | Technology | 27.49% |
| 3 | Consumer Discretionary | 17.98% |
| 4 | Materials | 5.74% |
| 5 | Communication Services | 4.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Blackrock
BLK
$170B
| $4.98M | 1.09% |
9,200
-1,500
| -14% | -$823K |
|
|
BKI
27
DELISTED
Black Knight, Inc. Common Stock
BKI
| $4.96M | 1.09% |
+105,300
| New | +$5.11M |
|
|
ATVI
28
DELISTED
Activision Blizzard
ATVI
| $4.95M | 1.09% |
73,400
+32,200
| +78% | +$2.27M |
|
|
29
Liberty Global Class C
LBTYK
$3.4B
| $4.76M | 1.05% |
156,540
-220,200
| -58% | -$7.31M |
|
30
Carter's
CRI
$1.45B
| $4.07M | 0.89% |
39,099
-3,100
| -7% | -$360K |
|
31
Booking.com
BKNG
$154B
| – | – |
-70,200
| Closed | -$4.88M |
|
|
32
Expedia Group
EXPE
$35.5B
| – | – |
-170,133
| Closed | -$20.4M |
|
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White Elm Capital's Q1 2018 Portfolio in Review
As of Q1 2018, White Elm Capital held 32 positions worth $456M, down 3.8% from $474M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
White Elm Capital withdrew a net $43.3M in Q1 2018, closing 2 positions and reducing 17 holdings. Its most notable exit was Expedia Group, an estimated $20.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 29% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, White Elm Capital opened a new position in GoDaddy worth $13.7M.
- White Elm Capital's largest Q1 2018 buy was GoDaddy: 222,471 shares worth $13.7M.
- White Elm Capital added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $7.97M increase.
- White Elm Capital's biggest Q1 2018 reduction was ServiceNow, cutting an estimated $10.5M.
- White Elm Capital fully exited Expedia Group in Q1 2018, selling an estimated $20.4M.
- White Elm Capital's ten largest holdings make up 48% of its $456M portfolio in Q1 2018.
- White Elm Capital opened 3 new positions and closed 2 in Q1 2018.
- White Elm Capital's portfolio value fell 3.8% quarter-over-quarter to $456M.
Based on White Elm Capital's 13F filing for Q1 2018, filed 15 May 2018.