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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
+14.35%
1 Year Est. Return
+40.77%
3 Year Est. Return
+58.68%
5 Year Est. Return
-5.26%
10 Year Est. Return
–
AUM
$596M
AUM Growth
+$159M
(+36%)
Cap. Flow
+$117M
Cap. Flow
% of AUM
19.61%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
2
Increased
2
Reduced
1
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elevance Health
ELV
|
+$103M |
| 2 |
American Eagle Outfitters
AEO
|
+$59.3M |
| 3 |
LOGC
ContextLogic
LOGC
|
+$43.3M |
| 4 |
Micron Technology
MU
|
+$34.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Angi Inc
ANGI
|
+$40.6M |
| 2 |
GOOS
Canada Goose Holdings
GOOS
|
+$35.7M |
| 3 |
JWN
Nordstrom
JWN
|
+$26.2M |
| 4 |
PRA
ProAssurance
PRA
|
+$14.2M |
| 5 |
The RealReal
REAL
|
+$6.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 37.71% |
| 2 | Technology | 26.49% |
| 3 | Consumer Discretionary | 24.35% |
| 4 | Financials | 6.23% |
| 5 | Communication Services | 5.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$1.05T
| $131M | 21.92% |
1,480,000
+405,000
| +38% | +$34.4M |
|
|
2
Elevance Health
ELV
$85.5B
| $115M | 19.28% |
+320,000
| New | +$103M |
|
3
UnitedHealth
UNH
$353B
| $110M | 18.43% |
295,000
| – | – |
|
|
4
American Eagle Outfitters
AEO
$2.83B
| $67.7M | 11.37% |
+2,315,949
| New | +$59.3M |
|
|
LOGC
5
DELISTED
ContextLogic
LOGC
| $41.1M | 6.9% |
86,667
+65,333
| +306% | +$43.3M |
|
|
PRA
6
DELISTED
ProAssurance
PRA
| $37.1M | 6.23% |
1,387,691
-612,309
| -31% | -$14.2M |
|
7
Alibaba
BABA
$296B
| $36.3M | 6.09% |
160,000
| – | – |
|
|
NBIS
8
Nebius Group N.V.
NBIS
$56.9B
| $31.1M | 5.22% |
485,000
| – | – |
|
9
Uber
UBER
$161B
| $27.3M | 4.58% |
500,000
| – | – |
|
|
10
Angi Inc
ANGI
$204M
| – | – |
-308,000
| Closed | -$40.6M |
|
|
GOOS
11
Canada Goose Holdings
GOOS
$805M
| – | – |
-1,200,000
| Closed | -$35.7M |
|
|
JWN
12
DELISTED
Nordstrom
JWN
| – | – |
-840,000
| Closed | -$26.2M |
|
|
13
The RealReal
REAL
$1.33B
| – | – |
-322,396
| Closed | -$6.3M |
|
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Wishbone Management's Q1 2021 Portfolio in Review
As of Q1 2021, Wishbone Management held 13 positions worth $596M, up 36% from $437M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Wishbone Management deployed $117M of net new capital in Q1 2021, opening 2 new positions and adding to 2 existing holdings. Its largest new stake was Elevance Health: 320,000 shares worth $115M.
By sector, the portfolio is most concentrated in Healthcare at 38% of assets, up from 24% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was ProAssurance, an estimated $14.2M trimmed.
- Wishbone Management's largest Q1 2021 buy was Elevance Health: 320,000 shares worth $115M.
- Wishbone Management added most to ContextLogic in Q1 2021, an estimated $43.3M increase.
- Wishbone Management's biggest Q1 2021 reduction was ProAssurance, cutting an estimated $14.2M.
- Wishbone Management fully exited Angi Inc in Q1 2021, selling an estimated $40.6M.
- Wishbone Management's ten largest holdings make up 100% of its $596M portfolio in Q1 2021.
- Wishbone Management opened 2 new positions and closed 4 in Q1 2021.
- Wishbone Management's portfolio value rose 36% quarter-over-quarter to $596M.
Based on Wishbone Management's 13F filing for Q1 2021, filed 17 May 2021.