Sachem Head Capital Management 13F holdings, Q2 2023
Holdings as of June 30, 2023 · filings on SEC EDGAR · latest filing →
Sachem Head Capital Management disclosed 15 US equity positions worth $2.2bn in its Q2 2023 13F filing. The largest position was USFD at 37.7% of the reported book, followed by IFF and FLEX. Against the Q1 2023 filing, it opened 3 new positions, added to 3 and reduced 6 among the top 15 holdings.
What did Sachem Head Capital Management own in Q2 2023? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2023 |
|---|---|---|---|---|---|---|---|
| 1 | USFD US FOODS HLDG CORP | Consumer Defensive | 37.7% | $833.0m | 18,932,877 | 0% | held |
| 2 | IFF INTERNATIONAL FLAVORS&FRAGRA | Basic Materials | 24.0% | $530.4m | 6,663,839 | -0% | held |
| 3 | FLEX FLEX LTD | Technology | 5.6% | $124.4m | 4,502,500 | -28% | reduced |
| 4 | DENBURY INC | 4.6% | $101.8m | 1,180,000 | – | new | |
| 5 | R1 RCM INC | 4.3% | $94.2m | 5,108,000 | -31% | reduced | |
| 6 | CRM SALESFORCE INC | Technology | 4.1% | $89.7m | 424,400 | -21% | reduced |
| 7 | FMX FOMENTO ECONOMICO MEXICANO S | 4.0% | $89.1m | 803,700 | -33% | reduced | |
| 8 | OKTA OKTA INC | Technology | 3.9% | $85.3m | 1,230,000 | 103% | added |
| 9 | SPB SPECTRUM BRANDS HLDGS INC NE | Consumer Defensive | 2.8% | $61.9m | 792,500 | -48% | reduced |
| 10 | RBA RB GLOBAL INC | Industrials | 2.7% | $59.2m | 987,500 | – | new |
| 11 | ESTC ELASTIC N V | Technology | 2.7% | $58.5m | 912,800 | 297% | added |
| 12 | OLN OLIN CORP | Basic Materials | 1.8% | $40.3m | 785,000 | -58% | reduced |
| 13 | CATALENT INC | 1.3% | $28.7m | 662,000 | – | new | |
| 14 | SPY SPDR S&P 500 ETF TR | 0.4% | $8.7m | 19,700 | 137% | added | |
| 15 | OPEN OPENDOOR TECHNOLOGIES INC | Real Estate | 0.1% | $1.9m | 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.