Southpoint Capital Advisors LP's Q1 2023 13F: 18 new positions, 18 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 15, 2023 · 51 reported positions · accession 0001012975-23-000228
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | DISCOVER FINL SVCS (DFS) | — | 5.6% | +5.6 pts | +2.5M sh | new |
| New | BILL HOLDINGS INC (BILL) | — | 4.8% | +4.8 pts | +2.6M sh | new |
| New | LABORATORY CORP AMER HLDGS (LH) | — | 3.1% | +3.1 pts | +600K sh | new |
| Exited | META PLATFORMS INC (META) | 3.1% | — | −3.1 pts | −1M sh | −100% |
| New | ARMSTRONG WORLD INDS INC NEW (AWI) | — | 2.7% | +2.7 pts | +1.7M sh | new |
| New | TWILIO INC (TWLO) | — | 2.6% | +2.6 pts | +1.7M sh | new |
| New | NETFLIX INC (NFLX) | — | 2.3% | +2.3 pts | +300K sh | new |
| Exited | ADOBE SYSTEMS INCORPORATED (ADBE) | 2.2% | — | −2.2 pts | −250K sh | −100% |
| Exited | AES CORP (AES) | 2.0% | — | −2.0 pts | −2.7M sh | −100% |
| Reduced | RAYMOND JAMES FINL INC (RJF) | 3.6% | 0.8% | −2.7 pts | −900K sh | −69% |
| New | ENTEGRIS INC (ENTG) | — | 1.9% | +1.9 pts | +1M sh | new |
| Reduced | LPL FINL HLDGS INC (LPLA) | 3.3% | 0.9% | −2.4 pts | −400K sh | −67% |
| New | CHARLES RIV LABS INTL INC (CRL) | — | 1.8% | +1.8 pts | +400K sh | new |
| Reduced | FERGUSON PLC NEW (FERG) | 8.5% | 6.4% | −2.2 pts | −500K sh | −19% |
| Increased | TECK RESOURCES LTD (TECK) | 1.6% | 2.8% | +1.3 pts | +1.8M sh | +113% |
| Exited | VALARIS LIMITED (VAL) | 1.4% | — | −1.4 pts | −800K sh | −100% |
| Exited | ACTIVISION BLIZZARD INC (ATVI) | 1.4% | — | −1.4 pts | −700K sh | −100% |
| Exited | CROWN HLDGS INC (CCK) | 1.4% | — | −1.4 pts | −650K sh | −100% |
| Reduced | SYNCHRONY FINANCIAL (SYF) | 7.9% | 4.9% | −2.9 pts | −1.8M sh | −19% |
| New | VULCAN MATLS CO (VMC) | — | 1.2% | +1.2 pts | +300K sh | new |
| New | QUANTA SVCS INC (PWR) | — | 1.1% | +1.1 pts | +300K sh | new |
| New | WESCO INTL INC (WCC) | — | 1.1% | +1.1 pts | +315K sh | new |
| Increased | JONES LANG LASALLE INC (JLL) | 1.2% | 2.0% | +0.8 pts | +319K sh | +106% |
| New | ZILLOW GROUP INC (Z) | — | 1.0% | +1.0 pts | +1M sh | new |
| Increased | BUILDERS FIRSTSOURCE INC (BLDR) | 1.3% | 2.6% | +1.3 pts | +500K sh | +63% |
| Exited | CBRE GROUP INC (CBRE) | 1.0% | — | −1.0 pts | −500K sh | −100% |
| Exited | STIFEL FINL CORP (SF) | 0.9% | — | −0.9 pts | −600K sh | −100% |
| Exited | AZEK CO INC (AZEK) | 0.9% | — | −0.9 pts | −1.71M sh | −100% |
| Reduced | EXPEDIA GROUP INC (EXPE) | 4.1% | 3.1% | −1.0 pts | −400K sh | −22% |
| New | UBER TECHNOLOGIES INC (UBER) | — | 0.9% | +0.9 pts | +1.2M sh | new |
| Increased | EPAM SYS INC (EPAM) | 0.7% | 1.4% | +0.7 pts | +120K sh | +150% |
| Increased | ENDAVA PLC (DAVA) | 0.5% | 1.1% | +0.6 pts | +493K sh | +197% |
| New | FIRST SOLAR INC (FSLR) | — | 0.7% | +0.7 pts | +150K sh | new |
| Exited | ISHARES TR (SOXX) | 0.7% | — | −0.7 pts | −80,000 sh | −100% |
| Exited | LAM RESEARCH CORP (LRCX) | 0.5% | — | −0.5 pts | −50,000 sh | −100% |
| Exited | LESLIES INC (LESL) | 0.5% | — | −0.5 pts | −1.65M sh | −100% |
| Exited | DENBURY INC (DEN) | 0.4% | — | −0.4 pts | −200K sh | −100% |
| Increased | CONSTELLATION ENERGY CORP (CEG) | 8.3% | 7.1% | −1.2 pts | +250K sh | +7% |
| Increased | CALIFORNIA RES CORP (CRC) | 2.8% | 2.6% | −0.2 pts | +500K sh | +20% |
| Increased | SS&C TECHNOLOGIES HLDGS INC (SSNC) | 2.7% | 2.9% | +0.3 pts | +300K sh | +15% |
| Exited | GULFPORT ENERGY CORP (GPOR) | 0.4% | — | −0.4 pts | −200K sh | −100% |
| Reduced | LENNAR CORP (LEN) | 1.6% | 1.3% | −0.3 pts | −150K sh | −21% |
| Exited | NOW INC (DNOW) | 0.3% | — | −0.3 pts | −1.02M sh | −100% |
| Reduced | THOUGHTWORKS HOLDING INC (TWKS) | 0.5% | 0.0% | −0.5 pts | −1.98M sh | −99% |
| New | ACCENTURE PLC IRELAND (ACN) | — | 0.3% | +0.3 pts | +50,000 sh | new |
| Increased | CUSHMAN WAKEFIELD PLC (CWK) | 0.4% | 0.6% | +0.2 pts | +1.2M sh | +92% |
| Reduced | CNH INDL N V (CNHI) | 6.2% | 4.9% | −1.3 pts | −828K sh | −6% |
| New | ARCOSA INC (ACA) | — | 0.3% | +0.3 pts | +200K sh | new |
| Exited | 10X GENOMICS INC (TXG) | 0.3% | — | −0.3 pts | −300K sh | −100% |
| Reduced | TOLL BROTHERS INC (TOL) | 1.3% | 1.1% | −0.2 pts | −200K sh | −20% |
The 50 largest of 60 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 — 50.2% of the equity book
Changes in the top 10 this quarter: DFS entered · BILL entered · LH entered · SCHW left · RJF left · LPLA left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CONSTELLATION ENERGY CORP (CEG) | 8.3% | 7.1% | |
| 2 | FERGUSON PLC NEW (FERG) | 8.5% | 6.4% | |
| 3 | VAIL RESORTS INC (MTN) | 6.6% | 5.8% | |
| 4 | DISCOVER FINL SVCS (DFS) | 0.0% | 5.6% | Entered the top 10 |
| 5 | SYNCHRONY FINANCIAL (SYF) | 7.9% | 4.9% | |
| 6 | CNH INDL N V (CNHI) | 6.2% | 4.9% | |
| 7 | BILL HOLDINGS INC (BILL) | 0.0% | 4.8% | Entered the top 10 |
| 8 | WILLIS TOWERS WATSON PLC LTD (WTW) | 5.4% | 4.5% | |
| 9 | LABORATORY CORP AMER HLDGS (LH) | 0.0% | 3.1% | Entered the top 10 |
| 10 | EXPEDIA GROUP INC (EXPE) | 4.1% | 3.1% | |
| — | SCHWAB CHARLES CORP (SCHW) | 4.1% | 2.3% | Left the top 10 |
| — | RAYMOND JAMES FINL INC (RJF) | 3.6% | 0.8% | Left the top 10 |
| — | LPL FINL HLDGS INC (LPLA) | 3.3% | 0.9% | 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).