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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 | |
|---|---|---|---|---|---|---|
|
UNVR
1
DELISTED
Univar Solutions Inc.
UNVR
| $26.2M | 5.74% |
942,910
+77,820
| +9% | +$2.29M |
|
2
Autodesk
ADSK
$50.1B
| $24.5M | 5.37% |
194,715
-21,085
| -10% | -$2.51M |
|
3
Visa
V
$697B
| $23.4M | 5.13% |
195,600
-17,900
| -8% | -$2.17M |
|
|
4
ServiceNow
NOW
$114B
| $23M | 5.05% |
695,000
-340,000
| -33% | -$10.5M |
|
5
Huntington Bancshares
HBAN
$35B
| $22.9M | 5.02% |
1,515,176
| – | – |
|
|
6
Amazon
AMZN
$2.48T
| $22.4M | 4.93% |
310,180
-102,240
| -25% | -$7.31M |
|
7
Vail Resorts
MTN
$5.6B
| $20.1M | 4.42% |
90,792
| – | – |
|
8
Mastercard
MA
$497B
| $19.5M | 4.29% |
111,560
-17,200
| -13% | -$2.94M |
|
9
Atlassian
TEAM
$25.4B
| $19.5M | 4.27% |
361,293
-58,064
| -14% | -$3.16M |
|
10
TransDigm Group
TDG
$73.2B
| $18.9M | 4.15% |
61,661
-7,300
| -11% | -$2.15M |
|
11
Guidewire Software
GWRE
$13.3B
| $18.1M | 3.97% |
223,690
| – | – |
|
|
12
LKQ Corp
LKQ
$6.77B
| $17.7M | 3.89% |
467,107
+89,300
| +24% | +$3.63M |
|
13
Alibaba
BABA
$276B
| $17.6M | 3.85% |
95,700
+16,500
| +21% | +$3.11M |
|
14
Charter Communications
CHTR
$16.7B
| $17.2M | 3.77% |
55,237
-10,466
| -16% | -$3.68M |
|
|
ATH
15
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $16.8M | 3.68% |
350,582
+160,155
| +84% | +$7.97M |
|
16
Corpay
CPAY
$25.1B
| $16.7M | 3.67% |
82,569
-18,300
| -18% | -$3.71M |
|
17
Golar LNG
GLNG
$4.95B
| $15.5M | 3.39% |
565,164
| – | – |
|
18
Synchrony
SYF
$25.1B
| $14.9M | 3.28% |
445,716
-95,700
| -18% | -$3.55M |
|
19
PayPal
PYPL
$51.4B
| $13.8M | 3.02% |
181,500
-17,200
| -9% | -$1.36M |
|
|
20
GoDaddy
GDDY
$13.6B
| $13.7M | 3% |
+222,471
| New | +$12.6M |
|
21
SBA Communications
SBAC
$18.6B
| $11.7M | 2.57% |
68,459
-18,700
| -21% | -$3.1M |
|
|
22
Veeva Systems
VEEV
$32.7B
| $10.6M | 2.32% |
144,700
-134,600
| -48% | -$8.7M |
|
23
Citigroup
C
$222B
| $10.4M | 2.29% |
154,300
-4,000
| -3% | -$301K |
|
24
TransUnion
TRU
$16.2B
| $9.51M | 2.09% |
167,400
+21,400
| +15% | +$1.23M |
|
|
25
Lamb Weston
LW
$7.51B
| $7.56M | 1.66% |
+129,882
| New | +$7.35M |
|
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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.