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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
+5.91%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$505M
AUM Growth
-$20.8M
(-4%)
Cap. Flow
-$48.5M
Cap. Flow
% of AUM
-9.6%
Top 10 Holdings %
Top 10 Hldgs %
46.68%
Holding
29
New
2
Increased
8
Reduced
14
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServiceNow
NOW
|
+$18M |
| 2 |
UNVR
Univar Solutions Inc.
UNVR
|
+$9.22M |
| 3 |
TransUnion
TRU
|
+$7.45M |
| 4 |
LKQ Corp
LKQ
|
+$5.31M |
| 5 |
Alibaba
BABA
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$13.5M |
| 2 |
SEI Investments
SEIC
|
+$12.5M |
| 3 |
SBA Communications
SBAC
|
+$9.48M |
| 4 |
Charter Communications
CHTR
|
+$9.15M |
| 5 |
Synchrony
SYF
|
+$9.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.3% |
| 2 | Consumer Discretionary | 22.15% |
| 3 | Technology | 20.77% |
| 4 | Communication Services | 7.52% |
| 5 | Industrials | 5.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UNVR
1
DELISTED
Univar Solutions Inc.
UNVR
| $25.8M | 5.1% |
891,010
+321,067
| +56% | +$9.22M |
|
2
Visa
V
$704B
| $25.8M | 5.1% |
244,700
-47,700
| -16% | -$4.84M |
|
3
Atlassian
TEAM
$25.7B
| $24.8M | 4.91% |
706,433
+30,068
| +4% | +$1.07M |
|
4
Expedia Group
EXPE
$35.2B
| $24.2M | 4.78% |
167,933
-48,473
| -22% | -$7.18M |
|
|
5
ServiceNow
NOW
$115B
| $23.7M | 4.69% |
1,008,000
+809,000
| +407% | +$18M |
|
6
TransDigm Group
TDG
$73B
| $23.4M | 4.63% |
91,561
| – | – |
|
|
ATH
7
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $22.8M | 4.52% |
424,227
-82,100
| -16% | -$4.25M |
|
8
Amazon
AMZN
$2.49T
| $22.7M | 4.49% |
472,360
-156,400
| -25% | -$7.68M |
|
9
Autodesk
ADSK
$50.6B
| $22M | 4.36% |
196,100
| – | – |
|
10
Huntington Bancshares
HBAN
$34.7B
| $20.7M | 4.09% |
1,481,800
+219,400
| +17% | +$2.88M |
|
11
Mastercard
MA
$496B
| $20.6M | 4.08% |
145,860
-33,300
| -19% | -$4.41M |
|
12
Citigroup
C
$221B
| $20.5M | 4.06% |
282,100
-61,000
| -18% | -$4.16M |
|
13
Liberty Global Class C
LBTYK
$3.39B
| $19.7M | 3.9% |
602,640
-203,241
| -25% | -$6.56M |
|
|
14
Synchrony
SYF
$24.9B
| $19.5M | 3.86% |
628,116
-303,284
| -33% | -$9.07M |
|
|
15
Corpay
CPAY
$25.2B
| $19.5M | 3.86% |
125,969
-91,900
| -42% | -$13.5M |
|
|
16
Charter Communications
CHTR
$16.6B
| $18.3M | 3.62% |
50,303
-24,577
| -33% | -$9.15M |
|
|
17
SBA Communications
SBAC
$18.9B
| $17.4M | 3.43% |
120,459
-66,600
| -36% | -$9.48M |
|
18
Booking.com
BKNG
$154B
| $16.2M | 3.21% |
221,250
| – | – |
|
19
Vail Resorts
MTN
$5.53B
| $16.1M | 3.18% |
70,392
+14,300
| +25% | +$3.11M |
|
20
Veeva Systems
VEEV
$32.8B
| $15.8M | 3.12% |
279,300
+29,300
| +12% | +$1.78M |
|
21
PayPal
PYPL
$51.6B
| $15.5M | 3.07% |
242,500
-66,000
| -21% | -$3.95M |
|
22
Guidewire Software
GWRE
$13.2B
| $14.9M | 2.96% |
191,890
-51,700
| -21% | -$3.79M |
|
23
Carter's
CRI
$1.46B
| $13.9M | 2.74% |
140,299
-34,900
| -20% | -$3.11M |
|
|
24
LKQ Corp
LKQ
$6.8B
| $13.6M | 2.69% |
377,807
+155,707
| +70% | +$5.31M |
|
25
Golar LNG
GLNG
$4.96B
| $11.7M | 2.32% |
519,564
+60,200
| +13% | +$1.32M |
|
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White Elm Capital's Q3 2017 Portfolio in Review
As of Q3 2017, White Elm Capital held 29 positions worth $505M, down 4% from $526M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
White Elm Capital withdrew a net $48.5M in Q3 2017, closing 1 position and reducing 14 holdings. Its most notable exit was SEI Investments, an estimated $12.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, White Elm Capital opened a new position in TransUnion worth $7.69M.
- White Elm Capital's largest Q3 2017 buy was TransUnion: 162,800 shares worth $7.69M.
- White Elm Capital added most to ServiceNow in Q3 2017, an estimated $18M increase.
- White Elm Capital's biggest Q3 2017 reduction was Corpay, cutting an estimated $13.5M.
- White Elm Capital fully exited SEI Investments in Q3 2017, selling an estimated $12.5M.
- White Elm Capital's ten largest holdings make up 47% of its $505M portfolio in Q3 2017.
- White Elm Capital opened 2 new positions and closed 1 in Q3 2017.
- White Elm Capital's portfolio value fell 4% quarter-over-quarter to $505M.
Based on White Elm Capital's 13F filing for Q3 2017, filed 14 Nov 2017.