WhaleCreep

Sachem Head Capital Management LP 13F holdings, Q1 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-03-31, filed 2019-05-15

Sachem Head Capital Management LP disclosed 12 US equity positions worth $1.6bn in its Q1 2019 13F filing. Its largest position is EXP at 17.0% of the reported book, followed by BERYEUR and MSFT. Versus Q4 2018 it opened 9 new positions, added to 1, reduced 1 and exited 6.

$1.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
12
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
17.0%
Largest position
The largest single position as a share of the reported equity book.
92.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
51
Quarters on file since Q4 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2018: 9 new, 1 added, 1 reduced, 6 exited

12 rows
EXP EAGLE MATERIALS INCBasic Materials17.0%$280m3.33m–new
BERYEUR BERRY GLOBAL GROUP INC–12.3%$202m3.75m–new
MSFT MICROSOFT CORPTechnology10.8%$177m1.50m−37%reduced
ZAYOEUR ZAYO GROUP HLDGS INC–10.0%$165m5.80m+93%added
USFD US FOODS HLDG CORPConsumer Defensive9.1%$150m4.30m0.0%held
NBIS NEBIUS GROUP N.V.Communication Services7.6%$125m3.63m–new
TAK TAKEDA PHARMACEUTICAL CO LTDHealthcare7.4%$121m5.96m–new
ALLERGAN PLC no ticker–6.9%$113m775,000–new
WCGEUR WELLCARE HEALTH PLANS INC–5.8%$95.8m355,000–new
FOXA FOX CORPCommunication Services5.6%$91.9m2.50m–new
CNC CENTENE CORP DELHealthcare3.8%$62.4m1.18m–new
PCG PG&E CORPUtilities3.7%$61.4m3.45m–new

Exited since Q4 2018

6 rows
SHIRE PLC no ticker27.0%$442m
CRM SALESFORCE INC14.1%$231m
ADSK AUTODESK INC10.1%$166m
WP WORLDPAY INC9.9%$162m
NXPI NXP SEMICONDUCTORS N V6.1%$100m
MELLANOX TECHNOLOGIES LTD no ticker5.6%$91.0m

Sector mix

  • Unclassified35.0%
  • Basic Materials17.0%
  • Communication Services13.2%
  • Healthcare11.2%
  • Technology10.8%
  • Consumer Defensive9.1%
  • Utilities3.7%

Book over time

Every quarter on file (51)
QuarterPositionsEquity book
Q2 202619$4.8bn
Q1 202619$4.2bn
Q4 202520$4.3bn
Q3 202519$3.5bn
Q2 202519$3.2bn
Q1 202516$2.5bn
Q4 202414$1.8bn
Q3 202414$1.9bn
Q2 202416$2.0bn
Q1 202411$2.2bn
Q4 202312$2.0bn
Q3 202312$2.0bn
Q2 202315$2.2bn
Q1 202317$2.3bn
Q4 202218$2.6bn
Q3 202221$2.7bn
Q2 202220$3.3bn
Q1 202218$3.9bn
Q4 202120$4.3bn
Q3 202123$4.1bn
Q2 202125$3.9bn
Q1 202123$3.7bn
Q4 202019$2.9bn
Q3 202018$1.6bn
Q2 202019$1.4bn
Q1 202012$1.0bn
Q4 201912$1.3bn
Q3 201911$1.3bn
Q2 20196$947m
Q1 201912$1.6bn
Q4 20189$1.6bn
Q3 201811$2.2bn
Q2 201814$2.7bn
Q1 201814$3.0bn
Q4 201713$2.2bn
Q3 201713$2.1bn
Q2 201711$2.2bn
Q1 201716$3.1bn
Q4 201613$2.6bn
Q3 201610$2.0bn
Q2 201611$2.3bn
Q1 201611$2.7bn
Q4 201511$3.2bn
Q3 201511$2.2bn
Q2 20156$1.5bn
Q1 20158$1.5bn
Q4 20147$1.3bn
Q3 201410$897m
Q2 201413$979m
Q1 201413$640m
Q4 20139$453m

Where Sachem Head Capital Management LP was early

20 rows
AWI ARMSTRONG WORLD INDS INC NEWQ1 20142 of 1333.3%6.1%2Exited by Q3 2014+7.8%
SIG SIGNET JEWELERS LIMITEDQ1 20143 of 13813.3%13.3%2Exited by Q3 2014+4.5%
ZTS ZOETIS INCQ1 20147 of 17810.3%18.1%8Exited by Q1 2016+66%
APD AIR PRODS & CHEMS INCQ1 20148 of 16911.9%11.9%9Exited by Q4 2024+170%
CDK CDK GLOBAL INCQ3 20141 of 1398.2%45.8%14Exited by Q2 2018+107%
PTC PTC INCQ2 20159 of 1746.1%6.1%4Exited by Q2 2016−19%
FIS FIDELITY NATL INFORMATION SVQ3 201512 of 2259.3%9.3%2Exited by Q1 2016−9.7%
ADSK AUTODESK INCQ4 201515 of 21724.8%46.0%11Exited by Q1 2019+111%
CHTR CHARTER COMMUNICATIONS INC NQ2 201617 of 26910.4%11.6%5Exited by Q3 2017+47%
DELL DELL TECHNOLOGIES INCQ3 20166 of 2745.5%11.4%10Exited by Q4 2021+293%
CRM SALESFORCE INCQ4 201619 of 3035.6%14.6%22Exited by Q2 2024+340%
NBIS YANDEX N VQ4 201719 of 2493.5%14.6%8Exited by Q1 2020−34%
WP WORLDPAY INCQ1 20183 of 1148.9%10.7%4Exited by Q1 2019−7.1%
ADP AUTOMATIC DATA PROCESSING INQ1 201815 of 1487.4%7.4%2Exited by Q3 2018+18%
SE SEA LTDQ2 201926 of 2679.2%9.2%3Exited by Q1 2020+21%
FLEX FLEX LTDQ3 201914 of 1858.9%12.9%18Exited by Q1 2024+191%
UBER UBER TECHNOLOGIES INCQ4 201934 of 3667.2%7.2%12Exited by Q2 2023+6.6%
KBR KBR INCQ2 202011 of 1514.8%5.4%7Exited by Q1 2022+111%
NXT NEXTRACKER INCQ1 202313 of 1560.6%6.7%8Exited by Q3 2025+50%
FTRE FORTREA HLDGS INCQ3 20237 of 1132.9%2.9%2Exited by Q1 2024+22%

Concentration and tenure

23.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
93.0%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters