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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
+7.78%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$474M
AUM Growth
-$31.7M
(-6.3%)
Cap. Flow
-$65.2M
Cap. Flow
% of AUM
-13.77%
Top 10 Holdings %
Top 10 Hldgs %
48.51%
Holding
30
New
2
Increased
9
Reduced
16
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$8.67M |
| 2 |
Charter Communications
CHTR
|
+$5.23M |
| 3 |
Blackrock
BLK
|
+$5.2M |
| 4 |
Vail Resorts
MTN
|
+$4.57M |
| 5 |
ATVI
Activision Blizzard
ATVI
|
+$2.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$13.4M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$12M |
| 3 |
Booking.com
BKNG
|
+$10.9M |
| 4 |
Carter's
CRI
|
+$10.2M |
| 5 |
Citigroup
C
|
+$9.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.84% |
| 2 | Technology | 22.66% |
| 3 | Consumer Discretionary | 21.67% |
| 4 | Communication Services | 7.35% |
| 5 | Materials | 5.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
ServiceNow
NOW
$114B
| $27M | 5.7% |
1,035,000
+27,000
| +3% | +$671K |
|
|
UNVR
2
DELISTED
Univar Solutions Inc.
UNVR
| $26.8M | 5.66% |
865,090
-25,920
| -3% | -$772K |
|
3
Visa
V
$697B
| $24.3M | 5.14% |
213,500
-31,200
| -13% | -$3.45M |
|
4
Amazon
AMZN
$2.48T
| $24.1M | 5.09% |
412,420
-59,940
| -13% | -$3.3M |
|
5
Autodesk
ADSK
$50.1B
| $22.6M | 4.78% |
215,800
+19,700
| +10% | +$2.3M |
|
|
6
Charter Communications
CHTR
$16.7B
| $22.1M | 4.66% |
65,703
+15,400
| +31% | +$5.23M |
|
7
Huntington Bancshares
HBAN
$35B
| $22.1M | 4.66% |
1,515,176
+33,376
| +2% | +$469K |
|
8
Synchrony
SYF
$25.1B
| $20.9M | 4.41% |
541,416
-86,700
| -14% | -$2.97M |
|
9
Expedia Group
EXPE
$35.5B
| $20.4M | 4.3% |
170,133
+2,200
| +1% | +$285K |
|
10
Mastercard
MA
$497B
| $19.5M | 4.11% |
128,760
-17,100
| -12% | -$2.54M |
|
11
Corpay
CPAY
$25.1B
| $19.4M | 4.1% |
100,869
-25,100
| -20% | -$4.41M |
|
|
12
Vail Resorts
MTN
$5.6B
| $19.3M | 4.07% |
90,792
+20,400
| +29% | +$4.57M |
|
|
13
Atlassian
TEAM
$25.4B
| $19.1M | 4.03% |
419,357
-287,076
| -41% | -$13.4M |
|
14
TransDigm Group
TDG
$73.2B
| $18.9M | 4% |
68,961
-22,600
| -25% | -$6.14M |
|
15
Golar LNG
GLNG
$4.95B
| $16.8M | 3.56% |
565,164
+45,600
| +9% | +$1.1M |
|
16
Guidewire Software
GWRE
$13.3B
| $16.6M | 3.51% |
223,690
+31,800
| +17% | +$2.46M |
|
17
Veeva Systems
VEEV
$32.7B
| $15.4M | 3.26% |
279,300
| – | – |
|
18
LKQ Corp
LKQ
$6.77B
| $15.4M | 3.24% |
377,807
| – | – |
|
19
PayPal
PYPL
$51.4B
| $14.6M | 3.09% |
198,700
-43,800
| -18% | -$3.17M |
|
20
SBA Communications
SBAC
$18.6B
| $14.2M | 3.01% |
87,159
-33,300
| -28% | -$5.29M |
|
|
21
Alibaba
BABA
$276B
| $13.7M | 2.88% |
79,200
+48,400
| +157% | +$8.67M |
|
22
Liberty Global Class C
LBTYK
$3.4B
| $12.7M | 2.69% |
376,740
-225,900
| -37% | -$6.94M |
|
|
23
Citigroup
C
$222B
| $11.8M | 2.49% |
158,300
-123,800
| -44% | -$9.15M |
|
|
ATH
24
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $9.85M | 2.08% |
190,427
-233,800
| -55% | -$12M |
|
25
TransUnion
TRU
$16.2B
| $8.02M | 1.69% |
146,000
-16,800
| -10% | -$894K |
|
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White Elm Capital's Q4 2017 Portfolio in Review
As of Q4 2017, White Elm Capital held 30 positions worth $474M, down 6.3% from $505M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
White Elm Capital withdrew a net $65.2M in Q4 2017, closing 1 position and reducing 16 holdings. Its most notable exit was XPO, an estimated $3.31M position sold in full.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 30% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, White Elm Capital opened a new position in Blackrock worth $5.5M.
- White Elm Capital's largest Q4 2017 buy was Blackrock: 10,700 shares worth $5.5M.
- White Elm Capital added most to Alibaba in Q4 2017, an estimated $8.67M increase.
- White Elm Capital's biggest Q4 2017 reduction was Atlassian, cutting an estimated $13.4M.
- White Elm Capital fully exited XPO in Q4 2017, selling an estimated $3.31M.
- White Elm Capital's ten largest holdings make up 49% of its $474M portfolio in Q4 2017.
- White Elm Capital opened 2 new positions and closed 1 in Q4 2017.
- White Elm Capital's portfolio value fell 6.3% quarter-over-quarter to $474M.
Based on White Elm Capital's 13F filing for Q4 2017, filed 14 Feb 2018.