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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
+9.35%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$419M
AUM Growth
-$37.2M
(-8.2%)
Cap. Flow
-$69.4M
Cap. Flow
% of AUM
-16.58%
Top 10 Holdings %
Top 10 Hldgs %
50.51%
Holding
36
New
6
Increased
6
Reduced
13
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palo Alto Networks
PANW
|
+$8.68M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$6.28M |
| 3 |
Texas Pacific Land
TPL
|
+$5.66M |
| 4 |
Citigroup
C
|
+$5.48M |
| 5 |
American Express
AXP
|
+$5.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LKQ Corp
LKQ
|
+$17.7M |
| 2 |
Charter Communications
CHTR
|
+$17.2M |
| 3 |
Synchrony
SYF
|
+$14.9M |
| 4 |
SBA Communications
SBAC
|
+$11.7M |
| 5 |
UNVR
Univar Solutions Inc.
UNVR
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.16% |
| 2 | Technology | 32.3% |
| 3 | Consumer Discretionary | 14.79% |
| 4 | Industrials | 6.25% |
| 5 | Energy | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Visa
V
$697B
| $25.1M | 5.99% |
189,400
-6,200
| -3% | -$798K |
|
2
Huntington Bancshares
HBAN
$35B
| $22.4M | 5.34% |
1,515,176
| – | – |
|
3
Amazon
AMZN
$2.48T
| $22.1M | 5.29% |
260,280
-49,900
| -16% | -$3.96M |
|
4
Vail Resorts
MTN
$5.6B
| $22M | 5.26% |
80,292
-10,500
| -12% | -$2.57M |
|
5
Mastercard
MA
$497B
| $21.9M | 5.24% |
111,560
| – | – |
|
6
ServiceNow
NOW
$114B
| $21.9M | 5.22% |
633,500
-61,500
| -9% | -$2.13M |
|
7
TransDigm Group
TDG
$73.2B
| $21.3M | 5.08% |
61,661
| – | – |
|
8
Autodesk
ADSK
$50.1B
| $20M | 4.78% |
152,615
-42,100
| -22% | -$5.58M |
|
9
Alibaba
BABA
$276B
| $17.8M | 4.24% |
95,700
| – | – |
|
10
GoDaddy
GDDY
$13.6B
| $17M | 4.06% |
240,871
+18,400
| +8% | +$1.25M |
|
11
Guidewire Software
GWRE
$13.3B
| $15.8M | 3.78% |
178,059
-45,631
| -20% | -$4.04M |
|
12
Atlassian
TEAM
$25.4B
| $15.8M | 3.77% |
252,498
-108,795
| -30% | -$6.69M |
|
|
13
Citigroup
C
$222B
| $15.7M | 3.74% |
233,930
+79,630
| +52% | +$5.48M |
|
14
Corpay
CPAY
$25.1B
| $14.6M | 3.49% |
69,314
-13,255
| -16% | -$2.72M |
|
|
UNVR
15
DELISTED
Univar Solutions Inc.
UNVR
| $14.2M | 3.39% |
540,010
-402,900
| -43% | -$11.1M |
|
16
Golar LNG
GLNG
$4.95B
| $13.8M | 3.29% |
467,964
-97,200
| -17% | -$2.95M |
|
17
PayPal
PYPL
$51.4B
| $13.6M | 3.24% |
163,000
-18,500
| -10% | -$1.47M |
|
|
ATVI
18
DELISTED
Activision Blizzard
ATVI
| $12.4M | 2.96% |
162,100
+88,700
| +121% | +$6.28M |
|
|
ATH
19
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $12.2M | 2.92% |
278,324
-72,258
| -21% | -$3.38M |
|
20
TransUnion
TRU
$16.2B
| $12M | 2.87% |
167,400
| – | – |
|
21
Lamb Weston
LW
$7.51B
| $9.45M | 2.26% |
137,982
+8,100
| +6% | +$530K |
|
|
22
Palo Alto Networks
PANW
$260B
| $8.92M | 2.13% |
+260,400
| New | +$8.68M |
|
|
BKI
23
DELISTED
Black Knight, Inc. Common Stock
BKI
| $8.86M | 2.12% |
165,400
+60,100
| +57% | +$3.02M |
|
24
Blackrock
BLK
$170B
| $8.45M | 2.02% |
16,936
+7,736
| +84% | +$4.09M |
|
25
Veeva Systems
VEEV
$32.7B
| $8.39M | 2.01% |
109,200
-35,500
| -25% | -$2.7M |
|
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White Elm Capital's Q2 2018 Portfolio in Review
As of Q2 2018, White Elm Capital held 36 positions worth $419M, down 8.2% from $456M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
White Elm Capital withdrew a net $69.4M in Q2 2018, closing 6 positions and reducing 13 holdings. Its most notable exit was LKQ Corp, an estimated $17.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 30% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, White Elm Capital opened a new position in Palo Alto Networks worth $8.92M.
- White Elm Capital's largest Q2 2018 buy was Palo Alto Networks: 260,400 shares worth $8.92M.
- White Elm Capital added most to Activision Blizzard in Q2 2018, an estimated $6.28M increase.
- White Elm Capital's biggest Q2 2018 reduction was Univar Solutions Inc., cutting an estimated $11.1M.
- White Elm Capital fully exited LKQ Corp in Q2 2018, selling an estimated $17.7M.
- White Elm Capital's ten largest holdings make up 51% of its $419M portfolio in Q2 2018.
- White Elm Capital opened 6 new positions and closed 6 in Q2 2018.
- White Elm Capital's portfolio value fell 8.2% quarter-over-quarter to $419M.
Based on White Elm Capital's 13F filing for Q2 2018, filed 14 Aug 2018.