Sachem Head Capital Management 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Sachem Head Capital Management disclosed 17 US equity positions worth $2.3bn in its Q1 2023 13F filing. The largest position was USFD at 31.0% of the reported book, followed by IFF and FLEX. Against the Q4 2022 filing, it opened 4 new positions, added to 5 and reduced 6 among the top 17 holdings.
What did Sachem Head Capital Management own in Q1 2023? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | USFD US FOODS HLDG CORP | Consumer Defensive | 31.0% | $699.4m | 18,932,877 | 0% | held |
| 2 | IFF INTERNATIONAL FLAVORS&FRAGRA | Basic Materials | 27.2% | $614.7m | 6,684,539 | 4% | added |
| 3 | FLEX FLEX LTD | Technology | 6.4% | $144.8m | 6,295,000 | -42% | reduced |
| 4 | FMX FOMENTO ECONOMICO MEXICANO S | 5.1% | $114.7m | 1,205,000 | -28% | reduced | |
| 5 | R1 RCM INC | 4.9% | $111.5m | 7,435,000 | 9% | added | |
| 6 | CRM SALESFORCE INC | Technology | 4.8% | $107.3m | 537,100 | – | new |
| 7 | OLN OLIN CORP | Basic Materials | 4.6% | $103.0m | 1,855,000 | -71% | reduced |
| 8 | SPB SPECTRUM BRANDS HLDGS INC NE | Consumer Defensive | 4.4% | $100.2m | 1,512,700 | 44% | added |
| 9 | UBER UBER TECHNOLOGIES INC | Technology | 4.3% | $96.2m | 3,034,500 | 9% | added |
| 10 | RITCHIE BROS AUCTIONEERS | 2.5% | $55.6m | 987,500 | – | new | |
| 11 | OKTA OKTA INC | Technology | 2.3% | $52.3m | 606,500 | -30% | reduced |
| 12 | ARCONIC CORPORATION | 1.0% | $22.1m | 841,895 | – | new | |
| 13 | ESTC ELASTIC N V | Technology | 0.6% | $13.3m | 230,100 | 44% | added |
| 14 | NXT NEXTRACKER INC | Technology | 0.6% | $12.7m | 350,000 | – | new |
| 15 | LIVN LIVANOVA PLC | Healthcare | 0.3% | $6.2m | 142,000 | -23% | reduced |
| 16 | SPY SPDR S&P 500 ETF TR | 0.2% | $3.4m | 8,300 | -79% | reduced | |
| 17 | OPEN OPENDOOR TECHNOLOGIES INC | Real Estate | 0.0% | $853.6k | 485,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.