WhaleCreep

Montanova Capital, LLC 13F holdings, Q2 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-06-30, filed 2019-08-14

Montanova Capital, LLC disclosed 39 US equity positions worth $4.0bn in its Q2 2019 13F filing. Its largest position is ADBE at 7.3% of the reported book, followed by NFLX and WP. Versus Q1 2019 it opened 19 new positions, added to 9, reduced 8 and exited 14.

$4.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.3%
Largest position
The largest single position as a share of the reported equity book.
53.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
24
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 Q1 2019: 19 new, 9 added, 8 reduced, 14 exited

39 rows
ADBE ADOBE INCTechnology7.3%$290m983,135+2.4%added
NFLX NETFLIX INC.Communication Services6.5%$261m710,961+125%added
WP WORLDPAY INC–6.3%$250m2.04m+62%added
CRM SALESFORCE INCTechnology6.0%$241m1.59m−7.9%reduced
LMT LOCKHEED MARTIN CORPIndustrials5.8%$233m642,220–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical4.9%$194m1.15m+192%added
BA BOEING COIndustrials4.5%$178m489,590−3.3%reduced
IQV IQVIA HLDGS INCHealthcare4.4%$177m1.10m+68%added
SONY SONY GROUP CORPTechnology4.1%$163m3.11m–new
DIS DISNEY WALT COCommunication Services3.9%$157m1.12m–new
TSS TOTAL SYS SVCS INC–3.7%$150m1.17m–new
QSR RESTAURANT BRANDS INTL INCConsumer Cyclical3.6%$144m2.07m+2.9%added
SPOT SPOTIFY TECHNOLOGY S ACommunication Services3.5%$138m946,466–new
BSX BOSTON SCIENTIFIC CORPHealthcare2.9%$115m2.67m−13%reduced
JECUSD JACOBS ENGR GROUP INC–2.8%$113m1.34m–new
ZBH ZIMMER BIOMET HOLDINGS INCHealthcare2.6%$103m878,760+151%added
KMB KIMBERLY-CLARK CORPConsumer Defensive2.4%$97.3m730,100–new
IR INGERSOLL-RAND PLCIndustrials2.4%$96.0m758,000–new
TSN TYSON FOODS INCConsumer Defensive2.3%$91.6m1.13m–new
DHI D R HORTON INCConsumer Cyclical2.2%$88.0m2.04m−9.5%reduced
CMCSA COMCAST CORP NEWCommunication Services2.2%$87.6m2.07m−45%reduced
KBR KBR INCIndustrials1.9%$75.1m3.01m–new
NOC NORTHROP GRUMMAN CORPIndustrials1.9%$73.9m228,708–new
CNC CENTENE CORP DELHealthcare1.7%$68.4m1.30m–new
ARMK ARAMARKIndustrials1.6%$64.7m1.79m–new
CSX CSX CORPIndustrials1.4%$54.8m708,204−44%reduced
CPRT COPART INCIndustrials1.4%$54.0m722,000−24%reduced
FDC FIRST DATA CORP NEW–1.2%$46.1m1.70m–new
NSC NORFOLK SOUTHERN CORPIndustrials1.1%$42.3m212,223−40%reduced
SE SEA LTDConsumer Cyclical1.0%$40.7m1.23m+117%added
FISV FISERV INC–0.7%$28.5m312,480–new
FAR PT ACQUISITION CORP no ticker–0.6%$24.5m2.41m0.0%held
LKNCY LUCKIN COFFEE INCConsumer Cyclical0.5%$21.2m1.09m–new
INTELSAT S A no ticker–0.3%$13.2m677,380−0.2%held
CHWY CHEWY INCConsumer Cyclical0.3%$10.5m300,000–new
REAL THE REALREAL INCConsumer Cyclical0.07%$2.9m100,000–new
BXUSD BLACKSTONE GROUP L P–0.03%$1.4m30,600+61%added
FAR PT ACQUISITION CORP no ticker–0.03%$1.2m927,9000.0%held
CHNGUSD CHANGE HEALTHCARE INC–0.02%$657k45,000–new

Exited since Q1 2019

14 rows
SYY SYSCO CORP3.2%$91.1m
AMZN AMAZON COM INC3.2%$91.0m
GOOG ALPHABET INC3.1%$88.8m
ELV ELEVANCE HEALTH INC2.9%$81.3m
LOW LOWES COS INC2.7%$76.5m
TJX TJX COS INC NEW2.6%$73.5m
UTXZ UNITED TECHNOLOGIES CORP2.4%$67.6m
BURL BURLINGTON STORES INC2.1%$59.8m
MCD MCDONALDS CORP2.0%$57.1m
PFE PFIZER INC1.9%$54.4m
RCL ROYAL CARIBBEAN CRUISES LTD1.9%$54.3m
WEN The Wendy's Co1.4%$39.8m
USFD US FOODS HLDG CORP1.0%$27.6m
CPRI CAPRI HOLDINGS LIMITED0.7%$18.8m

Sector mix

  • Industrials21.9%
  • Technology17.4%
  • Communication Services16.1%
  • Unclassified15.7%
  • Consumer Cyclical12.6%
  • Healthcare11.6%
  • Consumer Defensive4.7%

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