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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
+27.38%
1 Year Est. Return
+40.77%
3 Year Est. Return
+58.68%
5 Year Est. Return
-5.26%
10 Year Est. Return
–
AUM
$437M
AUM Growth
-$37M
(-7.8%)
Cap. Flow
-$113M
Cap. Flow
% of AUM
-25.8%
Top 10 Holdings %
Top 10 Hldgs %
98.56%
Holding
16
New
3
Increased
3
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$64.8M |
| 2 |
UnitedHealth
UNH
|
+$33.5M |
| 3 |
Angi Inc
ANGI
|
+$23.2M |
| 4 |
PRA
ProAssurance
PRA
|
+$13.4M |
| 5 |
LOGC
ContextLogic
LOGC
|
+$13.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JWN
Nordstrom
JWN
|
+$57.6M |
| 2 |
Alibaba
BABA
|
+$43M |
| 3 |
Uber
UBER
|
+$32.5M |
| 4 |
Jacobs Solutions
J
|
+$29.7M |
| 5 |
JD.com
JD
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 26.81% |
| 2 | Technology | 24.34% |
| 3 | Healthcare | 23.68% |
| 4 | Communication Services | 17.03% |
| 5 | Financials | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
UnitedHealth
UNH
$353B
| $103M | 23.68% |
295,000
+100,000
| +51% | +$33.5M |
|
|
2
Micron Technology
MU
$1.05T
| $80.8M | 18.5% |
+1,075,000
| New | +$64.8M |
|
|
3
Angi Inc
ANGI
$204M
| $40.6M | 9.3% |
308,000
+200,000
| +185% | +$23.2M |
|
|
4
Alibaba
BABA
$296B
| $37.2M | 8.52% |
160,000
-155,000
| -49% | -$43M |
|
|
GOOS
5
Canada Goose Holdings
GOOS
$805M
| $35.7M | 8.18% |
1,200,000
-350,000
| -23% | -$11.7M |
|
|
PRA
6
DELISTED
ProAssurance
PRA
| $35.6M | 8.14% |
2,000,000
+825,400
| +70% | +$13.4M |
|
|
NBIS
7
Nebius Group N.V.
NBIS
$56.9B
| $33.7M | 7.72% |
485,000
| – | – |
|
|
JWN
8
DELISTED
Nordstrom
JWN
| $26.2M | 6% |
840,000
-2,760,000
| -77% | -$57.6M |
|
|
9
Uber
UBER
$161B
| $25.5M | 5.84% |
500,000
-725,000
| -59% | -$32.5M |
|
|
LOGC
10
DELISTED
ContextLogic
LOGC
| $11.7M | 2.67% |
+21,334
| New | +$13.2M |
|
11
The RealReal
REAL
$1.33B
| $6.3M | 1.44% |
+322,396
| New | +$4.97M |
|
12
CarGurus
CARG
$3.26B
| – | – |
-1,300,000
| Closed | -$28.1M |
|
|
13
Jacobs Solutions
J
$17.8B
| – | – |
-386,870
| Closed | -$29.7M |
|
|
14
JD.com
JD
$38.8B
| – | – |
-370,000
| Closed | -$28.7M |
|
|
SFIX
15
Stitch Fix
SFIX
$420M
| – | – |
-243,117
| Closed | -$6.6M |
|
16
Upwork
UPWK
$1.13B
| – | – |
-1,600,000
| Closed | -$27.9M |
|
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Wishbone Management's Q4 2020 Portfolio in Review
As of Q4 2020, Wishbone Management held 16 positions worth $437M, down 7.8% from $474M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Wishbone Management withdrew a net $113M in Q4 2020, closing 5 positions and reducing 4 holdings. Its most notable exit was Jacobs Solutions, an estimated $29.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 53% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Wishbone Management opened a new position in Micron Technology worth $80.8M.
- Wishbone Management's largest Q4 2020 buy was Micron Technology: 1,075,000 shares worth $80.8M.
- Wishbone Management added most to UnitedHealth in Q4 2020, an estimated $33.5M increase.
- Wishbone Management's biggest Q4 2020 reduction was Nordstrom, cutting an estimated $57.6M.
- Wishbone Management fully exited Jacobs Solutions in Q4 2020, selling an estimated $29.7M.
- Wishbone Management's ten largest holdings make up 99% of its $437M portfolio in Q4 2020.
- Wishbone Management opened 3 new positions and closed 5 in Q4 2020.
- Wishbone Management's portfolio value fell 7.8% quarter-over-quarter to $437M.
Based on Wishbone Management's 13F filing for Q4 2020, filed 16 Feb 2021.