SCOPUS ASSET MANAGEMENT L P's Q1 2024 13F: 54 new positions, 40 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 135 reported positions · accession 0001104659-24-061885
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | META PLATFORMS INC (META) | 3.0% | — | −3.0 pts | −200K sh | −100% |
| Exited | ACADEMY SPORTS & OUTDOORS IN (ASO) | 2.7% | — | −2.7 pts | −975K sh | −100% |
| Exited | BATH & BODY WORKS INC (BBWI) | 2.7% | — | −2.7 pts | −1.48M sh | −100% |
| Exited | BOEING CO (BA) | 2.6% | — | −2.6 pts | −240K sh | −100% |
| New | ULTA BEAUTY INC (ULTA) | — | 2.3% | +2.3 pts | +136K sh | new |
| Increased | XPO INC (XPO) | 0.8% | 3.2% | +2.4 pts | +577K sh | +256% |
| New | COCA COLA CO (KO) | — | 2.1% | +2.1 pts | +1.03M sh | new |
| Exited | MONSTER BEVERAGE CORP NEW (MNST) | 1.9% | — | −1.9 pts | −760K sh | −100% |
| Exited | UNION PAC CORP (UNP) | 1.7% | — | −1.7 pts | −164K sh | −100% |
| New | KIMBERLY-CLARK CORP (KMB) | — | 1.5% | +1.5 pts | +350K sh | new |
| New | URBAN OUTFITTERS INC (URBN) | — | 1.4% | +1.4 pts | +1M sh | new |
| New | MONDELEZ INTL INC (MDLZ) | — | 1.4% | +1.4 pts | +600K sh | new |
| Increased | DRAFTKINGS INC NEW (DKNG) | 1.8% | 3.1% | +1.3 pts | +900K sh | +75% |
| Exited | KEURIG DR PEPPER INC (KDP) | 1.3% | — | −1.3 pts | −925K sh | −100% |
| Reduced | GENERAL ELECTRIC CO (GE) | 3.1% | 2.0% | −1.0 pts | −217K sh | −38% |
| New | TFI INTL INC (TFII) | — | 1.2% | +1.2 pts | +231K sh | new |
| Exited | PPG INDS INC (PPG) | 1.2% | — | −1.2 pts | −190K sh | −100% |
| Exited | HOME DEPOT INC (HD) | 1.2% | — | −1.2 pts | −80,000 sh | −100% |
| New | BIRKENSTOCK HOLDING PLC | — | 1.0% | +1.0 pts | +675K sh | new |
| Increased | AMAZON COM INC (AMZN) | 3.2% | 4.0% | +0.8 pts | +175K sh | +35% |
| Exited | KELLANOVA (K) | 1.0% | — | −1.0 pts | −435K sh | −100% |
| Increased | TAPESTRY INC (TPR) | 1.1% | 2.1% | +1.0 pts | +641K sh | +92% |
| New | GENERAL MLS INC (GIS) | — | 1.0% | +1.0 pts | +425K sh | new |
| Exited | PROCTER AND GAMBLE CO (PG) | 0.9% | — | −0.9 pts | −150K sh | −100% |
| Exited | WATSCO INC (WSO) | 0.9% | — | −0.9 pts | −47,500 sh | −100% |
| New | TIDEWATER INC NEW (TDW) | — | 0.8% | +0.8 pts | +280K sh | new |
| Increased | WAYFAIR INC (W) | 0.0% | 0.9% | +0.8 pts | +373K sh | +3732% |
| Exited | CLOROX CO DEL (CLX) | 0.8% | — | −0.8 pts | −130K sh | −100% |
| Reduced | PVH CORPORATION (PVH) | 3.0% | 1.9% | −1.1 pts | −164K sh | −28% |
| Increased | CASEYS GEN STORES INC (CASY) | 0.3% | 1.0% | +0.7 pts | +68,080 sh | +231% |
| New | WESTLAKE CORPORATION (WLK) | — | 0.7% | +0.7 pts | +137K sh | new |
| Reduced | DOORDASH INC (DASH) | 1.6% | 1.0% | −0.6 pts | −150K sh | −40% |
| New | HOLCIM LTD | — | 0.6% | +0.6 pts | +214K sh | new |
| Increased | KIRBY CORP (KEX) | 0.6% | 1.2% | +0.6 pts | +202K sh | +116% |
| Exited | SIMON PPTY GROUP INC NEW (SPG) | 0.6% | — | −0.6 pts | −100K sh | −100% |
| New | CHEWY INC (CHWY) | — | 0.6% | +0.6 pts | +1.15M sh | new |
| Exited | CROWN HLDGS INC (CCK) | 0.6% | — | −0.6 pts | −153K sh | −100% |
| Increased | BURLINGTON STORES INC (BURL) | 2.3% | 2.7% | +0.4 pts | +75,000 sh | +27% |
| New | HUBBELL INC (HUBB) | — | 0.5% | +0.5 pts | +40,200 sh | new |
| Exited | AXALTA COATING SYS LTD (AXTA) | 0.5% | — | −0.5 pts | −375K sh | −100% |
| Exited | SIMPLY GOOD FOODS CO (SMPL) | 0.5% | — | −0.5 pts | −315K sh | −100% |
| Increased | AMERICAN EAGLE OUTFITTERS IN (AEO) | 0.5% | 1.0% | +0.5 pts | +600K sh | +100% |
| Increased | PROG HOLDINGS INC (PRG) | 0.3% | 0.8% | +0.5 pts | +440K sh | +196% |
| New | CLEAN HARBORS INC (CLH) | — | 0.5% | +0.5 pts | +75,000 sh | new |
| New | ZILLOW GROUP INC (ZG) | — | 0.5% | +0.5 pts | +300K sh | new |
| Increased | DSV A/S | 0.6% | 0.9% | +0.3 pts | +87,576 sh | +113% |
| Reduced | QUANTA SVCS INC (PWR) | 1.5% | 0.9% | −0.6 pts | −54,474 sh | −33% |
| New | MACYS INC (M) | — | 0.5% | +0.5 pts | +708K sh | new |
| Reduced | AMETEK INC (AME) | 0.8% | 0.2% | −0.6 pts | −77,000 sh | −65% |
| Increased | TOLL BROTHERS INC (TOL) | 0.1% | 0.5% | +0.4 pts | +105K sh | +525% |
The 50 largest of 169 changes, by size of the trade. Full holdings for this quarter.
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 — 25.8% of the equity book
Changes in the top 10 this quarter: XPO entered · DKNG entered · ULTA entered · TPR entered · KO entered · META left · PVH left · ASO left · BBWI left · BA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMAZON COM INC (AMZN) | 3.2% | 4.0% | |
| 2 | XPO INC (XPO) | 0.8% | 3.2% | Entered the top 10 |
| 3 | DRAFTKINGS INC NEW (DKNG) | 1.8% | 3.1% | Entered the top 10 |
| 4 | BURLINGTON STORES INC (BURL) | 2.3% | 2.7% | |
| 5 | ULTA BEAUTY INC (ULTA) | 0.0% | 2.3% | Entered the top 10 |
| 6 | TEMPUR SEALY INTL INC (SGI) | 2.4% | 2.2% | |
| 7 | TAPESTRY INC (TPR) | 1.1% | 2.1% | Entered the top 10 |
| 8 | COCA COLA CO (KO) | 0.0% | 2.1% | Entered the top 10 |
| 9 | CONSTELLATION BRANDS INC (STZ) | 2.4% | 2.0% | |
| 10 | GENERAL ELECTRIC CO (GE) | 3.1% | 2.0% | |
| — | META PLATFORMS INC (META) | 3.0% | 0.0% | Left the top 10 |
| — | PVH CORPORATION (PVH) | 3.0% | 1.9% | Left the top 10 |
| — | ACADEMY SPORTS & OUTDOORS IN (ASO) | 2.7% | 0.0% | Left the top 10 |
| — | BATH & BODY WORKS INC (BBWI) | 2.7% | 0.0% | Left the top 10 |
| — | BOEING CO (BA) | 2.6% | 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 |
|---|---|---|---|---|---|
| Exited | SELECT SECTOR SPDR TR (XLI) | Put | 900K | 0 | $0 |
| Exited | INVESCO QQQ TR (QQQ) | Put | 250K | 0 | $0 |
| New | XPO INC (XPO) | Put | 0 | 625K | $76.3M |
| New | TFI INTL INC (TFII) | Put | 0 | 300K | $47.8M |
| Reduced | WATSCO INC (WSO) | Call | 130K | 20,000 | $8.64M |
| New | SELECT SECTOR SPDR TR (XLB) | Put | 0 | 500K | $46.4M |
| Increased | TRANSDIGM GROUP INC (TDG) | Call | 20,000 | 50,000 | $61.6M |
| Exited | ISHARES TR (IWM) | Put | 200K | 0 | $0 |
| Exited | ISHARES TR (IYT) | Put | 150K | 0 | $0 |
| New | LANDSTAR SYS INC (LSTR) | Call | 0 | 200K | $38.6M |
| Exited | GXO LOGISTICS INCORPORATED (GXO) | Put | 500K | 0 | $0 |
| Exited | ISHARES TR (IWM) | Call | 150K | 0 | $0 |
| Increased | ADVANCED DRAIN SYS INC DEL (WMS) | Call | 90,000 | 240K | $41.3M |
| Increased | UNITED RENTALS INC (URI) | Call | 40,000 | 70,000 | $50.5M |
| Increased | VERTIV HOLDINGS CO (VRT) | Call | 300K | 500K | $40.8M |
| New | AERCAP HOLDINGS NV (AER) | Call | 0 | 300K | $26.1M |
| Exited | BOEING CO (BA) | Put | 100K | 0 | $0 |
| Exited | BOEING CO (BA) | Call | 100K | 0 | $0 |
| Increased | EATON CORP PLC (ETN) | Call | 125K | 175K | $54.7M |
| New | MODINE MFG CO (MOD) | Call | 0 | 255K | $24.3M |
| New | KIRBY CORP (KEX) | Put | 0 | 250K | $23.8M |
| Increased | GENERAL ELECTRIC CO (GE) | Put | 100K | 200K | $35.1M |
| New | CLEAN HARBORS INC (CLH) | Call | 0 | 110K | $22.1M |
| New | ULTA BEAUTY INC (ULTA) | Put | 0 | 42,300 | $22.1M |
| Increased | CATERPILLAR INC (CAT) | Call | 30,000 | 80,000 | $29.3M |