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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
+8.88%
1 Year Est. Return
+40.77%
3 Year Est. Return
+58.68%
5 Year Est. Return
-5.26%
10 Year Est. Return
–
AUM
$323M
AUM Growth
-$24.2M
(-7%)
Cap. Flow
-$39.1M
Cap. Flow
% of AUM
-12.1%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
13
New
3
Increased
3
Reduced
2
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ferguson
FERG
|
+$46.6M |
| 2 |
Bank of America
BAC
|
+$43.1M |
| 3 |
Capital One
COF
|
+$15.2M |
| 4 |
AYX
Alteryx Inc
AYX
|
+$12M |
| 5 |
ARCE
Arco Platform Limited Class A Common Shares
ARCE
|
+$6.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$63.6M |
| 2 |
SBNY
Signature Bank
SBNY
|
+$31.7M |
| 3 |
Uber
UBER
|
+$26.5M |
| 4 |
Meritage Homes
MTH
|
+$20.5M |
| 5 |
Wayfair
W
|
+$18.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.81% |
| 2 | Healthcare | 16.67% |
| 3 | Industrials | 16.37% |
| 4 | Technology | 14.6% |
| 5 | Consumer Staples | 12.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Capital One
COF
$132B
| $67.9M | 21% |
730,000
+155,000
| +27% | +$15.2M |
|
2
Elevance Health
ELV
$85.5B
| $53.9M | 16.67% |
105,000
| – | – |
|
|
3
Ferguson
FERG
$44.2B
| $50.8M | 15.72% |
+400,000
| New | +$46.6M |
|
|
AYX
4
DELISTED
Alteryx Inc
AYX
| $47.2M | 14.6% |
931,333
+251,333
| +37% | +$12M |
|
|
5
Bank of America
BAC
$436B
| $41.4M | 12.81% |
+1,250,000
| New | +$43.1M |
|
|
ARCE
6
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $39.1M | 12.1% |
2,895,932
+595,932
| +26% | +$6.68M |
|
|
7
Wayfair
W
$14.2B
| $11.5M | 3.56% |
350,000
-520,000
| -60% | -$18.1M |
|
8
Compass
COMP
$8.42B
| $9.32M | 2.88% |
4,000,000
-1,704,556
| -30% | -$4.47M |
|
9
Core & Main
CNM
$8.05B
| $2.09M | 0.65% |
+108,413
| New | +$2.31M |
|
|
10
Meritage Homes
MTH
$4.63B
| – | – |
-583,058
| Closed | -$20.5M |
|
|
11
Micron Technology
MU
$1.05T
| – | – |
-1,270,000
| Closed | -$63.6M |
|
|
12
Uber
UBER
$161B
| – | – |
-1,000,000
| Closed | -$26.5M |
|
|
SBNY
13
DELISTED
Signature Bank
SBNY
| – | – |
-210,000
| Closed | -$31.7M |
|
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Wishbone Management's Q4 2022 Portfolio in Review
As of Q4 2022, Wishbone Management held 13 positions worth $323M, down 7% from $347M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Wishbone Management withdrew a net $39.1M in Q4 2022, closing 4 positions and reducing 2 holdings. Its most notable exit was Micron Technology, an estimated $63.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 24% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Wishbone Management opened a new position in Ferguson worth $50.8M.
- Wishbone Management's largest Q4 2022 buy was Ferguson: 400,000 shares worth $50.8M.
- Wishbone Management added most to Capital One in Q4 2022, an estimated $15.2M increase.
- Wishbone Management's biggest Q4 2022 reduction was Wayfair, cutting an estimated $18.1M.
- Wishbone Management fully exited Micron Technology in Q4 2022, selling an estimated $63.6M.
- Wishbone Management's ten largest holdings make up 100% of its $323M portfolio in Q4 2022.
- Wishbone Management opened 3 new positions and closed 4 in Q4 2022.
- Wishbone Management's portfolio value fell 7% quarter-over-quarter to $323M.
Based on Wishbone Management's 13F filing for Q4 2022, filed 13 Feb 2023.