Marathon Partners Equity Management LLC's Q1 2023 13F: 9 new positions, 4 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 15, 2023 · 29 reported positions · accession 0000919574-23-003133
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | VITA COCO CO INC (COCO) | 11.7% | 6.8% | −4.9 pts | −238K sh | −49% |
| New | HALEON PLC (HLN) | — | 4.8% | +4.8 pts | +433K sh | new |
| Reduced | REMITLY GLOBAL INC (RELY) | 5.9% | 3.3% | −2.6 pts | −158K sh | −53% |
| New | MATCH GROUP INC NEW (MTCH) | — | 3.5% | +3.5 pts | +67,500 sh | new |
| New | PRIMO WATER CORPORATION (PRMW) | — | 3.2% | +3.2 pts | +150K sh | new |
| Reduced | UBER TECHNOLOGIES INC (UBER) | 12.1% | 9.4% | −2.8 pts | −69,500 sh | −24% |
| Increased | ENVESTNET INC (ENV) | 1.6% | 3.8% | +2.2 pts | +32,500 sh | +217% |
| Reduced | PAYPAL HLDGS INC (PYPL) | 20.9% | 15.2% | −5.7 pts | −24,000 sh | −14% |
| Reduced | META PLATFORMS INC (META) | 9.5% | 10.9% | +1.4 pts | −8,500 sh | −18% |
| Exited | TEMPUR SEALY INTL INC (SGI) | 2.2% | — | −2.2 pts | −37,500 sh | −100% |
| New | PERFORMANCE FOOD GROUP CO (PFGC) | — | 2.1% | +2.1 pts | +25,000 sh | new |
| New | WESTERN UN CO (WU) | — | 1.8% | +1.8 pts | +120K sh | new |
| Increased | CARTERS INC (CRI) | 3.5% | 4.5% | +1.0 pts | +18,500 sh | +67% |
| New | ALPHABET INC (GOOG) | — | 1.4% | +1.4 pts | +10,000 sh | new |
| Exited | HASBRO INC (HAS) | 1.3% | — | −1.3 pts | −12,500 sh | −100% |
| Reduced | FERGUSON PLC NEW (FERG) | 4.2% | 2.2% | −2.0 pts | −7,000 sh | −37% |
| Increased | BERRY GLOBAL GROUP INC (BERY) | 1.6% | 2.4% | +0.9 pts | +15,000 sh | +100% |
| Increased | LESLIES INC (LESL) | 0.5% | 1.6% | +1.1 pts | +80,000 sh | +320% |
| New | A-MARK PRECIOUS METALS INC (GOLD) | — | 1.2% | +1.2 pts | +25,000 sh | new |
| Reduced | WORLD WRESTLING ENTMT INC (WWE) | 11.5% | 11.1% | −0.4 pts | −8,750 sh | −9% |
| Exited | LEVI STRAUSS & CO NEW (LEVI) | 0.8% | — | −0.8 pts | −30,000 sh | −100% |
| Exited | CANADA GOOSE HLDGS INC (GOOS) | 0.8% | — | −0.8 pts | −25,000 sh | −100% |
| Increased | TIDEWATER INC NEW (TDW) | 1.1% | 1.5% | +0.4 pts | +7,500 sh | +43% |
| New | XOMETRY INC (XMTR) | — | 0.4% | +0.4 pts | +20,000 sh | new |
| Reduced | SPORTSMANS WHSE HLDGS INC (SPWH) | 4.2% | 2.7% | −1.5 pts | −27,500 sh | −11% |
| Increased | 1STDIBS COM INC (DIBS) | 0.4% | 0.6% | +0.1 pts | +52,500 sh | +105% |
| New | LL FLOORING HOLDINGS INC (LLFLQ) | — | 0.3% | +0.3 pts | +50,000 sh | new |
| Reduced | ADVISORSHARES TR (MSOS) | 0.6% | 0.2% | −0.4 pts | −30,000 sh | −60% |
| Reduced | FIGS INC (FIGS) | 0.9% | 0.4% | −0.4 pts | −25,000 sh | −33% |
| Increased | ALLBIRDS INC (BIRD) | 0.2% | 0.2% | 0.0 pts | +50,000 sh | +100% |
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 — 73.3% of the equity book
Changes in the top 10 this quarter: HLN entered · ENV entered · MTCH entered · SPWH left · FERG left · SGI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PAYPAL HLDGS INC (PYPL) | 20.9% | 15.2% | |
| 2 | WORLD WRESTLING ENTMT INC (WWE) | 11.5% | 11.1% | |
| 3 | META PLATFORMS INC (META) | 9.5% | 10.9% | |
| 4 | UBER TECHNOLOGIES INC (UBER) | 12.1% | 9.4% | |
| 5 | VITA COCO CO INC (COCO) | 11.7% | 6.8% | |
| 6 | HALEON PLC (HLN) | 0.0% | 4.8% | Entered the top 10 |
| 7 | CARTERS INC (CRI) | 3.5% | 4.5% | |
| 8 | ENVESTNET INC (ENV) | 1.6% | 3.8% | Entered the top 10 |
| 9 | MATCH GROUP INC NEW (MTCH) | 0.0% | 3.5% | Entered the top 10 |
| 10 | REMITLY GLOBAL INC (RELY) | 5.9% | 3.3% | |
| — | SPORTSMANS WHSE HLDGS INC (SPWH) | 4.2% | 2.7% | Left the top 10 |
| — | FERGUSON PLC NEW (FERG) | 4.2% | 2.2% | Left the top 10 |
| — | TEMPUR SEALY INTL INC (SGI) | 2.2% | 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 | WORLD WRESTLING ENTMT INC (WWE) | Put | 0 | 33,000 | $3.01M |
| Exited | PAYPAL HLDGS INC (PYPL) | Call | 37,500 | 0 | $0 |
| Exited | PAYPAL HLDGS INC (PYPL) | Put | 26,000 | 0 | $0 |
| Reduced | ADVISORSHARES TR (MSOS) | Call | 293K | 200K | $1.14M |
| Exited | TILRAY BRANDS INC (TLRY) | Call | 30,000 | 0 | $0 |