Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WLTW | Buy | WILLIS TOWERS WATSON PLC LTD | $20,130,371 | +69.3% | 96,336 | +90.8% | 16.20% | +84.7% |
| USFD | Sell | US FOODS HLDG CORP | $15,656,291 | -25.2% | 394,365 | -17.1% | 12.60% | -18.4% |
| AER | New | AERCAP HOLDINGS NV | $14,161,415 | – | 225,968 | – | 11.40% | – |
| MCW | New | MISTER CAR WASH INC | $622,173 | – | 112,917 | – | 0.50% | – |
| DG | Exit | DOLLAR GEN CORP NEW | $0 | – | -55,800 | – | -6.99% | – |
| CLVT | Exit | CLARIVATE PLC | $0 | – | -2,523,751 | – | -17.74% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GPN | New | GLOBAL PMTS INC | $24,303,012 | – | 246,681 | – | 17.92% | – |
| CLVT | New | CLARIVATE PLC | $24,051,347 | – | 2,523,751 | – | 17.74% | – |
| USFD | New | US FOODS HLDG CORP | $20,938,060 | – | 475,865 | – | 15.44% | – |
| FISV | New | FISERV INC | $18,524,118 | – | 146,842 | – | 13.66% | – |
| KKR | New | KKR & CO INC | $13,428,800 | – | 239,800 | – | 9.90% | – |
| CMCSA | New | COMCAST CORP NEWcl a | $12,992,934 | – | 312,706 | – | 9.58% | – |
| WLTW | New | WILLIS TOWERS WATSON PLC LTD | $11,892,750 | – | 50,500 | – | 8.77% | – |
| DG | New | DOLLAR GEN CORP NEW | $9,473,724 | – | 55,800 | – | 6.99% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KKR | Exit | KKR & CO INC | $0 | – | -248,000 | – | -5.11% | – |
| USFD | Exit | US FOODS HLDG CORP | $0 | – | -614,300 | – | -7.78% | – |
| CLVT | Exit | CLARIVATE PLC | $0 | – | -2,322,341 | – | -10.44% | – |
| TMUS | Exit | T-MOBILE US INC | $0 | – | -185,207 | – | -11.90% | – |
| GPN | Exit | GLOBAL PMTS INC | $0 | – | -264,838 | – | -13.70% | – |
| VVV | Exit | VALVOLINE INC | $0 | – | -1,146,690 | – | -13.92% | – |
| CMCSA | Exit | COMCAST CORP NEWcl a | $0 | – | -1,224,606 | – | -17.20% | – |
| FISV | Exit | FISERV INC | $0 | – | -445,342 | – | -19.96% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| FISV | Buy | FISERV INC | $41,671,000 | +39.7% | 445,342 | +32.8% | 19.96% | +66.2% |
| CMCSA | Buy | COMCAST CORP NEWcl a | $35,918,000 | +120.5% | 1,224,606 | +194.9% | 17.20% | +162.2% |
| GPN | Sell | GLOBAL PMTS INC | $28,616,000 | -27.1% | 264,838 | -25.4% | 13.70% | -13.3% |
| CLVT | Buy | CLARIVATE PLC | $21,807,000 | -26.5% | 2,322,341 | +8.5% | 10.44% | -12.5% |
| USFD | New | US FOODS HLDG CORP | $16,242,000 | – | 614,300 | – | 7.78% | – |
| KKR | Sell | KKR & CO INC | $10,664,000 | -9.7% | 248,000 | -2.8% | 5.11% | +7.5% |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -266,590 | – | -4.39% | – |
| BC | Exit | BRUNSWICK CORP | $0 | – | -261,200 | – | -6.87% | – |
| LBRDK | Exit | LIBERTY BROADBAND CORP | $0 | – | -307,867 | – | -14.33% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GPN | New | GLOBAL PMTS INC | $39,259,000 | – | 354,838 | – | 15.80% | – |
| LBRDK | New | LIBERTY BROADBAND CORP | $35,602,000 | – | 307,867 | – | 14.33% | – |
| VVV | New | VALVOLINE INC | $33,059,000 | – | 1,146,690 | – | 13.31% | – |
| FISV | New | FISERV INC | $29,835,000 | – | 335,342 | – | 12.01% | – |
| CLVT | New | CLARIVATE PLC | $29,655,000 | – | 2,139,641 | – | 11.94% | – |
| TMUS | New | T-MOBILE US INC | $24,918,000 | – | 185,207 | – | 10.03% | – |
| BC | New | BRUNSWICK CORP | $17,077,000 | – | 261,200 | – | 6.87% | – |
| CMCSA | New | COMCAST CORP NEWcl a | $16,293,000 | – | 415,217 | – | 6.56% | – |
| KKR | New | KKR & CO INC | $11,806,000 | – | 255,035 | – | 4.75% | – |
| AER | New | AERCAP HOLDINGS NV | $10,914,000 | – | 266,590 | – | 4.39% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KKR | Exit | KKR & CO INC | $0 | – | -177,238 | – | -4.20% | – |
| HCA | Exit | HCA HEALTHCARE INC | $0 | – | -56,151 | – | -5.31% | – |
| LBRDK | Exit | LIBERTY BROADBAND CORP | $0 | – | -93,512 | – | -6.29% | – |
| NSP | Exit | INSPERITY INC | $0 | – | -194,227 | – | -8.38% | – |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -376,475 | – | -8.48% | – |
| CMCSA | Exit | COMCAST CORP NEWcl a | $0 | – | -409,661 | – | -8.92% | – |
| DLTR | Exit | DOLLAR TREE INC | $0 | – | -269,598 | – | -10.05% | – |
| GPN | Exit | GLOBAL PMTS INC | $0 | – | -191,883 | – | -11.78% | – |
| FISV | Exit | FISERV INC | $0 | – | -283,501 | – | -11.98% | – |
| VVV | Exit | VALVOLINE INC | $0 | – | -1,001,293 | – | -12.16% | – |
| FAF | Exit | FIRST AMERN FINL CORP | $0 | – | -476,782 | – | -12.45% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VVV | Buy | VALVOLINE INC | $31,220,000 | +15.3% | 1,001,293 | +20.0% | 12.16% | -3.9% |
| FISV | Buy | FISERV INC | $30,760,000 | +19.0% | 283,501 | +17.2% | 11.98% | -0.8% |
| GPN | New | GLOBAL PMTS INC | $30,237,000 | – | 191,883 | – | 11.78% | – |
| DLTR | Buy | DOLLAR TREE INC | $25,806,000 | +73.6% | 269,598 | +80.5% | 10.05% | +44.8% |
| CMCSA | Buy | COMCAST CORP NEWcl a | $22,912,000 | +34.8% | 409,661 | +37.4% | 8.92% | +12.4% |
| AER | Buy | AERCAP HOLDINGS NV | $21,764,000 | +120.1% | 376,475 | +95.0% | 8.48% | +83.6% |
| NSP | Buy | INSPERITY INC | $21,509,000 | +41.5% | 194,227 | +15.5% | 8.38% | +18.0% |
| LBRDK | Sell | LIBERTY BROADBAND CORP | $16,150,000 | -47.6% | 93,512 | -47.3% | 6.29% | -56.3% |
| HCA | Sell | HCA HEALTHCARE INC | $13,629,000 | -5.8% | 56,151 | -19.8% | 5.31% | -21.4% |
| KKR | New | KKR & CO INC | $10,790,000 | – | 177,238 | – | 4.20% | – |
| WLTW | Exit | WILLIS TOWERS WATSON PLC LTD | $0 | – | -35,700 | – | -3.84% | – |
| AON | Exit | AON PLC | $0 | – | -88,100 | – | -9.82% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LBRDK | New | LIBERTY BROADBAND CORP | $30,799,000 | – | 177,354 | – | 14.38% | – |
| FAF | New | FIRST AMERN FINL CORP | $29,727,000 | – | 476,782 | – | 13.88% | – |
| VVV | New | VALVOLINE INC | $27,087,000 | – | 834,460 | – | 12.65% | – |
| FISV | New | FISERV INC | $25,849,000 | – | 241,827 | – | 12.07% | – |
| AON | New | AON PLC | $21,035,000 | – | 88,100 | – | 9.82% | – |
| CMCSA | New | COMCAST CORP NEWcl a | $16,995,000 | – | 298,061 | – | 7.94% | – |
| NSP | New | INSPERITY INC | $15,198,000 | – | 168,171 | – | 7.10% | – |
| DLTR | New | DOLLAR TREE INC | $14,865,000 | – | 149,400 | – | 6.94% | – |
| HCA | New | HCA HEALTHCARE INC | $14,467,000 | – | 69,979 | – | 6.76% | – |
| AER | New | AERCAP HOLDINGS NV | $9,886,000 | – | 193,042 | – | 4.62% | – |
| WLTW | New | WILLIS TOWERS WATSON PLC LTD | $8,212,000 | – | 35,700 | – | 3.84% | – |