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WM
Wishbone Management Portfolio holdings
AUM
$232M
1-Year Est. Return
40.77%
This Fund
S&P 500
This Quarter
Est. Return
-15.77%
1 Year Est. Return
+40.77%
3 Year Est. Return
+58.68%
5 Year Est. Return
-5.26%
10 Year Est. Return
–
AUM
$333M
AUM Growth
-$101M
(-23%)
Cap. Flow
-$26.6M
Cap. Flow
% of AUM
-7.98%
Top 10 Holdings %
Top 10 Hldgs %
98.97%
Holding
12
New
3
Increased
–
Reduced
7
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CarGurus
CARG
|
+$54.4M |
| 2 |
Arista Networks
ANET
|
+$38.4M |
| 3 |
BILL Holdings
BILL
|
+$4.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$34.4M |
| 2 |
Jacobs Solutions
J
|
+$29.1M |
| 3 |
Etsy
ETSY
|
+$21.9M |
| 4 |
Wayfair
W
|
+$21.6M |
| 5 |
JD.com
JD
|
+$9.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 43.29% |
| 2 | Technology | 27.51% |
| 3 | Healthcare | 13.09% |
| 4 | Communication Services | 9.45% |
| 5 | Industrials | 6.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alibaba
BABA
$296B
| $61.3M | 18.38% |
315,000
-165,000
| -34% | -$34.4M |
|
2
Uber
UBER
$161B
| $50.8M | 15.24% |
1,820,000
-20,000
| -1% | -$658K |
|
3
UnitedHealth
UNH
$353B
| $43.6M | 13.09% |
175,000
| – | – |
|
|
4
Arista Networks
ANET
$246B
| $37.5M | 11.24% |
+2,960,000
| New | +$38.4M |
|
|
5
CarGurus
CARG
$3.26B
| $36M | 10.79% |
+1,900,000
| New | +$54.4M |
|
|
6
Wayfair
W
$14.2B
| $28.9M | 8.66% |
540,000
-282,638
| -34% | -$21.6M |
|
|
7
Jacobs Solutions
J
$17.8B
| $22.2M | 6.66% |
338,512
-386,870
| -53% | -$29.1M |
|
|
NBIS
8
Nebius Group N.V.
NBIS
$56.9B
| $18.4M | 5.52% |
540,000
-40,000
| -7% | -$1.65M |
|
|
9
JD.com
JD
$38.8B
| $18.2M | 5.47% |
450,000
-240,000
| -35% | -$9.59M |
|
10
Angi Inc
ANGI
$204M
| $13.1M | 3.94% |
250,000
-70,536
| -22% | -$5.24M |
|
|
11
BILL Holdings
BILL
$5.01B
| $3.42M | 1.03% |
+100,000
| New | +$4.73M |
|
|
12
Etsy
ETSY
$7.67B
| – | – |
-493,586
| Closed | -$21.9M |
|
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Wishbone Management's Q1 2020 Portfolio in Review
As of Q1 2020, Wishbone Management held 12 positions worth $333M, down 23% from $435M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Wishbone Management withdrew a net $26.6M in Q1 2020, closing 1 position and reducing 7 holdings. Its most notable exit was Etsy, an estimated $21.9M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, down from 51% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Wishbone Management opened a new position in CarGurus worth $36M.
- Wishbone Management's largest Q1 2020 buy was CarGurus: 1,900,000 shares worth $36M.
- Wishbone Management's biggest Q1 2020 reduction was Alibaba, cutting an estimated $34.4M.
- Wishbone Management fully exited Etsy in Q1 2020, selling an estimated $21.9M.
- Wishbone Management's ten largest holdings make up 99% of its $333M portfolio in Q1 2020.
- Wishbone Management opened 3 new positions and closed 1 in Q1 2020.
- Wishbone Management's portfolio value fell 23% quarter-over-quarter to $333M.
Based on Wishbone Management's 13F filing for Q1 2020, filed 15 May 2020.