Freshford Capital Management LLC's Q1 2024 13F: 3 new positions, 5 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 15 reported positions · accession 0000919574-24-003099
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | AMAZON COM INC (AMZN) | — | 9.4% | +9.4 pts | +304K sh | new |
| Exited | BOX INC (BOX) | 4.5% | — | −4.5 pts | −1.02M sh | −100% |
| New | TRIMBLE INC (TRMB) | — | 4.1% | +4.1 pts | +370K sh | new |
| Reduced | ALPHABET INC (GOOGL) | 10.0% | 6.9% | −3.2 pts | −148K sh | −36% |
| Reduced | KBR INC (KBR) | 9.3% | 7.3% | −2.0 pts | −298K sh | −31% |
| Increased | 10X GENOMICS INC (TXG) | 3.0% | 5.1% | +2.1 pts | +477K sh | +156% |
| Reduced | CHENIERE ENERGY INC (LNG) | 6.3% | 2.9% | −3.3 pts | −105K sh | −50% |
| Exited | PREMIER INC (PINC) | 2.7% | — | −2.7 pts | −702K sh | −100% |
| Increased | IAC INC (IAC) | 15.0% | 17.6% | +2.7 pts | +280K sh | +17% |
| Reduced | GODADDY INC (GDDY) | 14.0% | 13.1% | −0.9 pts | −115K sh | −15% |
| Exited | HARLEY DAVIDSON INC (HOG) | 2.2% | — | −2.2 pts | −351K sh | −100% |
| Reduced | BAUSCH PLUS LOMB CORP (BLCO) | 5.2% | 3.5% | −1.7 pts | −589K sh | −34% |
| New | MODEL N INC (MODN) | — | 1.7% | +1.7 pts | +352K sh | new |
| Increased | RAPID7 INC (RPD) | 7.8% | 8.3% | +0.5 pts | +201K sh | +26% |
| Increased | WEX INC (WEX) | 3.1% | 5.0% | +2.0 pts | +32,587 sh | +36% |
| Exited | ANGI INC (ANGI) | 1.3% | — | −1.3 pts | −2.99M sh | −100% |
| Exited | COMTECH TELECOMMUNICATIONS C (CMTL) | 1.1% | — | −1.1 pts | −780K sh | −100% |
| Reduced | CONSTELLATION BRANDS INC (STZ) | 7.0% | 7.7% | +0.7 pts | −1,075 sh | −1% |
| Reduced | ATLANTA BRAVES HLDGS INC (BATRK) | 5.2% | 5.1% | −0.2 pts | −5,086 sh | −1% |
| Reduced | LIBERTY MEDIA CORP DEL (FWONK) | 2.2% | 2.2% | 0.0 pts | −1,285 sh | −1% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 85.6% of the equity book
Changes in the top 10 this quarter: AMZN entered · TXG entered · WEX entered · LNG left · BLCO left · BOX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | IAC INC (IAC) | 15.0% | 17.6% | |
| 2 | GODADDY INC (GDDY) | 14.0% | 13.1% | |
| 3 | AMAZON COM INC (AMZN) | 0.0% | 9.4% | Entered the top 10 |
| 4 | RAPID7 INC (RPD) | 7.8% | 8.3% | |
| 5 | CONSTELLATION BRANDS INC (STZ) | 7.0% | 7.7% | |
| 6 | KBR INC (KBR) | 9.3% | 7.3% | |
| 7 | ALPHABET INC (GOOGL) | 10.0% | 6.9% | |
| 8 | ATLANTA BRAVES HLDGS INC (BATRK) | 5.2% | 5.1% | |
| 9 | 10X GENOMICS INC (TXG) | 3.0% | 5.1% | Entered the top 10 |
| 10 | WEX INC (WEX) | 3.1% | 5.0% | Entered the top 10 |
| — | CHENIERE ENERGY INC (LNG) | 6.3% | 2.9% | Left the top 10 |
| — | BAUSCH PLUS LOMB CORP (BLCO) | 5.2% | 3.5% | Left the top 10 |
| — | BOX INC (BOX) | 4.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | CARMAX INC (KMX) | Put | 0 | 550K | $47.9M |
| New | EXTRA SPACE STORAGE INC (EXR) | Put | 0 | 150K | $22.1M |
| Reduced | SITEONE LANDSCAPE SUPPLY INC (SITE) | Put | 200K | 100K | $17.5M |
| Reduced | TRUPANION INC (TRUP) | Put | 250K | 100K | $2.76M |