Marcato Capital Management: 13F holdings, Q4 2019
Activist · SEC EDGAR filings (CIK 0001541996) · Explore on the interactive board
Marcato Capital Management disclosed 1 US equity positions worth $1.2m in its Q4 2019 13F filing (holdings as of December 31, 2019, filed January 31, 2020). Its largest position is FGL HLDGS at 100.0% of the reported book. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 1 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 0, reduced 1 and exited 2. Note: this manager's most recent filing is 26 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Marcato Capital Management own? Top holdings as of December 31, 2019
Change is measured in shares against the previous filing (Q3 2019), so price moves do not read as decisions. This quarter: 0 new, 0 added, 1 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | FGL HLDGS | 100.0% | $1.2m | 779,991 | -72% | reduced |
What did Marcato Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| IAC INTERACTIVECORP | 75.9% | $106.5m |
| TEX TEREX CORP NEW | 24.1% | $33.8m |
Sector mix
| Sector | Weight |
|---|
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q4 2019 | 1 | $1.2m |
| Q3 2019 | 4 | $142.8m |
| Q2 2019 | 8 | $367.4m |
| Q1 2019 | 21 | $668.0m |
| Q4 2018 | 23 | $605.7m |
| Q3 2018 | 27 | $623.1m |
| Q2 2018 | 24 | $666.7m |
| Q1 2018 | 22 | $755.9m |
| Q4 2017 | 22 | $780.6m |
| Q3 2017 | 26 | $799.5m |
| Q2 2017 | 27 | $950.9m |
| Q1 2017 | 25 | $1.0bn |
| Q4 2016 | 25 | $892.3m |
| Q3 2016 | 27 | $1.2bn |
| Q2 2016 | 17 | $1.2bn |
| Q1 2016 | 16 | $1.5bn |
Earliest filing: Q4 2011 · 33 quarters on file
How concentrated is Marcato Capital Management's portfolio?
Across every quarter Marcato Capital Management has filed, its median largest position is 25.9% of the book and its median top-ten weight is 98.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 100 completed holding spells, the median lasted 3.0 quarters; 1 positions are still open and their final length is unknown.