WhaleCreep

Montanova Capital, LLC 13F holdings, Q3 2014

Hedge fundSEC filingsCompare with another fundHoldings as of 2014-09-30, filed 2014-11-14

Montanova Capital, LLC disclosed 28 US equity positions worth $1.1bn in its Q3 2014 13F filing. Its largest position is APD at 6.8% of the reported book, followed by LIBERTY GLOBAL PLC and ALLERGAN INC. Versus Q2 2014 it opened 8 new positions, added to 14, reduced 6 and exited 12.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.8%
Largest position
The largest single position as a share of the reported equity book.
54.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
23
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 Q2 2014: 8 new, 14 added, 6 reduced, 12 exited

28 rows
APD AIR PRODUCTS AND CHEMICALS IBasic Materials6.8%$73.3m563,000+9.1%added
LIBERTY GLOBAL PLC no ticker–6.8%$72.9m1.78m+54%added
ALLERGAN INC no ticker–6.5%$69.8m392,000+54%added
LNG CHENIERE ENERGY INCEnergy6.0%$64.5m806,000−29%reduced
ACTAVIS PLC no ticker–5.6%$59.7m247,500−14%reduced
NEE NEXTERA ENERGY INCUtilities5.3%$56.4m601,000+16%added
ADBE ADOBE INCTechnology5.0%$54.2m784,000+1880%added
TMO THERMO FISHER SCIENTIFIC INCHealthcare4.5%$48.4m397,700+70%added
APC3EUR ANADARKO PETE CORP–4.4%$47.4m467,000+21%added
CBS CORP NEW no ticker–3.9%$41.9m784,000+30%added
ENDO INTL PLC no ticker–3.7%$40.2m587,600+5.0%added
SEMGUSD SEMGROUP CORP–3.1%$33.1m397,200+8.2%added
MDT MEDTRONIC INCHealthcare3.1%$33.0m533,000–new
JAHEUR JARDEN CORP–3.1%$33.0m548,400+93%added
DLTR DOLLAR TREE INCConsumer Defensive3.0%$32.6m582,000−18%reduced
BURGER KING WORLDWIDE INC no ticker–3.0%$31.9m1.08m+1.6%added
IHS INC no ticker–2.9%$31.0m247,500−37%reduced
AWI ARMSTRONG WORLD INDS INC NEWIndustrials2.8%$30.1m538,400+29%added
PEP PEPSICO INCConsumer Defensive2.7%$29.3m314,400−0.7%reduced
ABBV ABBVIE INCHealthcare2.3%$25.1m434,000–new
HCA HCA HEALTHCARE INCHealthcare2.3%$24.8m352,000−41%reduced
DHR DANAHER CORP DELHealthcare2.2%$23.6m311,000–new
ASH Ashland IncBasic Materials2.2%$23.3m223,890+71%added
TESORO CORP no ticker–2.0%$21.4m351,000–new
SALIX PHARMACEUTICALS INC no ticker–1.9%$20.8m133,000–new
PPG PPG INDS INCBasic Materials1.9%$20.3m103,200–new
MHK MOHAWK INDS INCConsumer Cyclical1.8%$19.7m145,800–new
XIFR XPLR INFRASTRUCTURE LPUtilities1.2%$12.4m358,800–new

Exited since Q2 2014

12 rows
MICHAEL KORS HLDGS LTD no ticker4.3%$46.3m
TWXCHF TIME WARNER INC3.6%$38.8m
MONSANTO CO NEW no ticker3.4%$37.0m
TWENTY FIRST CENTY FOX INC no ticker2.8%$30.4m
SLB SLB LIMITED2.7%$28.9m
STZ CONSTELLATION BRANDS INC2.7%$28.8m
EQT EQT CORPORATION2.5%$27.4m
WMB WILLIAMS COS INC2.5%$26.7m
WALGREEN CO no ticker2.1%$23.2m
ABENGOA YIELD PLC no ticker1.1%$12.3m
SHIRE PLC no ticker0.9%$10.1m
TK TEEKAY CORPORATION0.2%$2.6m

Sector mix

  • Unclassified46.8%
  • Healthcare14.4%
  • Basic Materials10.9%
  • Utilities6.4%
  • Energy6.0%
  • Consumer Defensive5.8%
  • Technology5.0%
  • Industrials2.8%
  • Consumer Cyclical1.8%

Book over time

Every quarter on file (51)
QuarterPositionsEquity book
Q2 202695$4.8bn
Q1 202688$3.7bn
Q4 202590$4.0bn
Q3 202590$3.3bn
Q2 202595$2.7bn
Q1 202599$2.5bn
Q4 202494$2.7bn
Q3 202496$2.8bn
Q2 202497$2.5bn
Q1 202499$2.4bn
Q4 202387$2.2bn
Q3 202387$1.9bn
Q2 2023100$1.9bn
Q1 202392$2.1bn
Q4 202289$2.4bn
Q3 202272$2.4bn
Q2 202289$2.6bn
Q1 202287$3.3bn
Q4 202194$5.2bn
Q3 2021105$5.9bn
Q2 2021121$6.7bn
Q1 2021105$6.7bn
Q4 2020106$7.0bn
Q3 202092$5.5bn
Q2 202079$4.7bn
Q1 202064$3.7bn
Q4 201937$4.3bn
Q3 201938$3.7bn
Q2 201939$4.0bn
Q1 201934$2.8bn
Q4 201819$1.3bn
Q3 201821$4.3bn
Q2 201819$3.7bn
Q1 201818$3.9bn
Q4 201728$4.2bn
Q3 201716$3.4bn
Q2 201719$3.2bn
Q1 201736$3.1bn
Q4 201639$2.9bn
Q3 201626$2.6bn
Q2 201622$2.2bn
Q1 201620$2.5bn
Q4 201522$1.9bn
Q3 201515$831m
Q2 201531$2.1bn
Q1 201527$1.6bn
Q4 201426$1.4bn
Q3 201428$1.1bn
Q2 201432$1.1bn
Q1 201429$831m
Q4 201334$746m

Where Montanova Capital, LLC was early

71 rows
APD AIR PRODS & CHEMS INCQ1 20149 of 1694.8%7.7%8Exited by Q1 2021+148%
NEE NEXTERA ENERGY INCQ2 20145 of 1824.9%6.5%5Exited by Q3 2015−4.3%
ASH ASHLAND INC NEWQ2 201412 of 1291.3%2.2%2Exited by Q4 2014−4.3%
PEP PEPSICO INCQ2 201414 of 1392.6%2.7%2Exited by Q4 2014+4.2%
PPG PPG INDS INCQ3 20142 of 1381.9%5.3%6Exited by Q1 2017−3.7%
MDT MEDTRONIC PLCQ3 201410 of 1733.1%4.2%26Exited by Q2 2026+40%
CDK CDK GLOBAL INCQ4 20145 of 1393.7%3.7%2Exited by Q2 2015+15%
MSTR MICROSTRATEGY INCQ4 20145 of 1431.3%1.7%3Exited by Q3 2015+4.7%
FIVE FIVE BELOW INCQ1 20153 of 1741.1%2.6%10Exited by Q3 2024+206%
ARMK ARAMARKQ1 20156 of 1776.2%7.6%9Exited by Q4 2019+38%
NXPI NXP SEMICONDUCTORS N VQ1 201516 of 2283.8%3.9%5Exited by Q4 2021+95%
QSR RESTAURANT BRANDS INTL INCQ2 201513 of 1763.4%11.1%18Exited by Q4 2019+86%
PFE PFIZER INCQ3 201516 of 2082.4%7.6%7Exited by Q1 2024−3.4%
GOOG ALPHABET INCQ4 201521 of 3505.0%9.3%12Held at last filing, Q2 2026+831%
NWL NEWELL BRANDS INCQ2 201614 of 1565.2%5.2%2Exited by Q4 2016+8.4%
CHTR CHARTER COMMUNICATIONS INC NQ2 201615 of 26912.4%12.4%10Exited by Q1 2021+189%
USFD US FOODS HLDG CORPQ3 20167 of 1831.0%1.9%6Held at last filing, Q2 2026+333%
OPLN KAR AUCTION SVCS INCQ4 201613 of 1320.9%1.8%5Exited by Q1 2018+19%
CRM SALESFORCE INCQ4 201618 of 3031.4%17.1%17Exited by Q1 2026+287%
UNH UNITEDHEALTH GROUP INCQ4 201626 of 2991.7%5.7%31Held at last filing, Q2 2026+160%
CPRT COPART INCQ1 201712 of 1780.4%2.9%15Exited by Q1 2022+390%
FMC F M C CORPQ1 201712 of 1572.3%7.0%7Exited by Q4 2018+25%
MAR MARRIOTT INTL INC NEWQ2 201711 of 1823.2%3.2%7Exited by Q4 2022+40%
NSC NORFOLK SOUTHERN CORPQ4 201721 of 2052.3%2.5%6Exited by Q3 2020+21%
DE DEERE & COQ1 201815 of 1852.0%4.8%5Exited by Q2 2020−11%
BA BOEING COQ1 201819 of 2215.9%6.9%6Exited by Q1 2025−46%
PBF PBF ENERGY INCQ2 201812 of 1531.1%1.7%2Exited by Q4 2018+19%
BSX BOSTON SCIENTIFIC CORPQ3 201814 of 1932.1%6.1%23Held at last filing, Q2 2026+11%
IQV IQVIA HLDGS INCQ4 201812 of 2079.2%9.2%30Held at last filing, Q2 2026+66%
KBR KBR INCQ2 20197 of 1511.9%2.2%11Exited by Q1 2022+91%
KMB KIMBERLY CLARK CORPQ2 20198 of 1302.4%4.2%2Exited by Q4 2019+6.6%
IR INGERSOLL-RAND PLCQ2 201914 of 1312.4%2.4%2Exited by Q1 2020+6.0%
LMT LOCKHEED MARTIN CORPQ2 201916 of 1785.8%5.8%2Exited by Q4 2019+7.3%
LHX L3HARRIS TECHNOLOGIES INCQ3 20192 of 1604.4%4.4%4Exited by Q3 2020−19%
NVST ENVISTA HLDGS CORPQ3 20195 of 1370.2%1.1%2Exited by Q1 2020+6.3%
FICO FAIR ISAAC CORPQ3 201913 of 1860.5%1.1%2Exited by Q1 2020+23%
LYFT LYFT INCQ3 201917 of 2581.2%1.8%5Exited by Q2 2021+55%
SPCE VIRGIN GALACTIC HOLDINGS INCQ4 20191 of 981.5%1.5%2Exited by Q2 2020+28%
GFL GFL ENVIRONMENTAL INCQ1 20202 of 1201.2%3.4%13Exited by Q3 2023+158%
STRO SUTRO BIOPHARMA INCQ1 20207 of 820.02%1.9%23Exited by Q4 2025−91%
4XC1 KALVISTA PHARMACEUTICALS INCQ1 20209 of 910.02%2.6%25Exited by Q2 2026+163%
INSM INSMED INCQ1 202012 of 1800.03%6.9%23Exited by Q1 2026+986%
RPRX ROYALTY PHARMA PLCQ2 20202 of 1242.2%6.0%18Exited by Q4 2024−42%
OTIS OTIS WORLDWIDE CORPQ2 20206 of 1473.2%4.3%11Exited by Q1 2023+38%
APH AMPHENOL CORPQ2 20209 of 1861.5%1.8%3Held at last filing, Q2 2026+636%
MRNS* MARINUS PHARMACEUTICALS INCQ3 20207 of 680.2%2.7%17Exited by Q4 2024–
GH GUARDANT HEALTH INCQ3 202014 of 1820.9%1.3%3Exited by Q2 2021+37%
OPEN OPENDOOR TECHNOLOGIES INCQ4 20202 of 1452.5%3.3%5Exited by Q1 2022−36%
290A CHINOOK THERAPEUTICS INCQ4 20206 of 770.1%3.6%11Exited by Q3 2023+142%
PWR QUANTA SVCS INCQ4 202016 of 1790.9%2.7%5Exited by Q1 2022+59%

Concentration and tenure

7.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
47.6%
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