Southpoint Capital Advisors LP's Q1 2024 13F: 10 new positions, 4 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 51 reported positions · accession 0001012975-24-000225
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | BUILDERS FIRSTSOURCE INC (BLDR) | 4.8% | 0.8% | −4.0 pts | −1.15M sh | −85% |
| New | KENVUE INC (KVUE) | — | 4.2% | +4.2 pts | +10M sh | new |
| New | MOBILEYE GLOBAL INC (MBLY) | — | 3.0% | +3.0 pts | +4.75M sh | new |
| Exited | CONSTELLATION ENERGY CORP (CEG) | 2.8% | — | −2.8 pts | −1.11M sh | −100% |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 3.8% | 1.6% | −2.2 pts | −750K sh | −63% |
| New | KASPI KZ JSC (KSPI) | — | 2.5% | +2.5 pts | +1M sh | new |
| Reduced | ENTEGRIS INC (ENTG) | 4.5% | 3.2% | −1.3 pts | −600K sh | −34% |
| Reduced | CHARLES RIV LABS INTL INC (CRL) | 5.1% | 3.8% | −1.3 pts | −300K sh | −30% |
| New | EASTMAN CHEM CO (EMN) | — | 1.6% | +1.6 pts | +800K sh | new |
| Reduced | SYNCHRONY FINANCIAL (SYF) | 4.1% | 2.7% | −1.4 pts | −1.8M sh | −36% |
| New | SITEONE LANDSCAPE SUPPLY INC (SITE) | — | 1.4% | +1.4 pts | +400K sh | new |
| New | AMERICAN EXPRESS CO (AXP) | — | 1.2% | +1.2 pts | +270K sh | new |
| Reduced | LABORATORY CORP AMER HLDGS (LH) | 4.4% | 2.7% | −1.7 pts | −275K sh | −31% |
| Increased | U HAUL HOLDING COMPANY (UHALB) | 1.2% | 2.1% | +0.9 pts | +808K sh | +106% |
| Reduced | DISCOVER FINL SVCS (DFS) | 5.3% | 4.7% | −0.6 pts | −400K sh | −18% |
| Reduced | VAIL RESORTS INC (MTN) | 5.2% | 4.0% | −1.2 pts | −225K sh | −20% |
| New | MAPLEBEAR INC (CART) | — | 0.9% | +0.9 pts | +1.15M sh | new |
| Increased | PENTAIR PLC (PNR) | 0.8% | 1.7% | +0.9 pts | +500K sh | +100% |
| Reduced | JONES LANG LASALLE INC (JLL) | 2.4% | 1.5% | −0.9 pts | −200K sh | −33% |
| Increased | THOR INDS INC (THO) | 0.9% | 1.6% | +0.7 pts | +321K sh | +90% |
| Reduced | CBRE GROUP INC (CBRE) | 2.3% | 1.4% | −0.8 pts | −380K sh | −34% |
| New | BIO RAD LABS INC (BIO) | — | 0.7% | +0.7 pts | +100K sh | new |
| Reduced | FIDELITY NATL INFORMATION SV (FIS) | 5.2% | 5.3% | +0.1 pts | −400K sh | −10% |
| Exited | NEW YORK TIMES CO (NYT) | 0.5% | — | −0.5 pts | −500K sh | −100% |
| New | 10X GENOMICS INC (TXG) | — | 0.5% | +0.5 pts | +700K sh | new |
| Reduced | HUBBELL INC (HUBB) | 0.7% | 0.3% | −0.4 pts | −62,500 sh | −63% |
| Exited | QUANTA SVCS INC (PWR) | 0.5% | — | −0.5 pts | −100K sh | −100% |
| Increased | HENRY SCHEIN INC (HSIC) | 2.0% | 2.2% | +0.3 pts | +300K sh | +25% |
| Reduced | FERGUSON PLC NEW (FERG) | 2.1% | 1.7% | −0.3 pts | −100K sh | −20% |
| Reduced | TEMPUR SEALY INTL INC (SGI) | 3.4% | 3.1% | −0.3 pts | −350K sh | −11% |
| Reduced | LPL FINL HLDGS INC (LPLA) | 0.9% | 0.6% | −0.3 pts | −75,000 sh | −39% |
| Increased | U HAUL HOLDING COMPANY (UHAL) | 0.2% | 0.6% | +0.3 pts | +280K sh | +187% |
| Reduced | AMETEK INC (AME) | 2.5% | 2.2% | −0.3 pts | −100K sh | −14% |
| Increased | FIRST SOLAR INC (FSLR) | 1.1% | 1.3% | +0.2 pts | +100K sh | +33% |
| Increased | OPTION CARE HEALTH INC (OPCH) | 1.4% | 1.7% | +0.2 pts | +500K sh | +25% |
| Exited | LCI INDS (LCII) | 0.3% | — | −0.3 pts | −100K sh | −100% |
| New | GRUPO TELEVISA S A B (TV) | — | 0.3% | +0.3 pts | +4.08M sh | new |
| Increased | EUROPEAN WAX CTR INC (EWCZ) | 0.3% | 0.5% | +0.2 pts | +800K sh | +80% |
| Increased | ATLANTA BRAVES HLDGS INC (BATRK) | 0.4% | 0.6% | +0.2 pts | +250K sh | +50% |
| Increased | NVENT ELECTRIC PLC (NVT) | 0.5% | 0.7% | +0.2 pts | +50,000 sh | +13% |
| Increased | CUSHMAN WAKEFIELD PLC (CWK) | 1.2% | 1.1% | −0.1 pts | +331K sh | +6% |
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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- QIAGEN NV (QGEN): N72482123 → N72482149, 2M → 2.4M shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 42.5% of the equity book
Changes in the top 10 this quarter: UBER entered · PGR entered · KVUE entered · MSFT entered · BLDR left · LH left · SYF left · TWLO left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | FIDELITY NATL INFORMATION SV (FIS) | 5.2% | 5.3% | |
| 2 | DISCOVER FINL SVCS (DFS) | 5.3% | 4.7% | |
| 3 | UBER TECHNOLOGIES INC (UBER) | 4.0% | 4.6% | Entered the top 10 |
| 4 | WILLIS TOWERS WATSON PLC LTD (WTW) | 4.1% | 4.4% | |
| 5 | PROGRESSIVE CORP (PGR) | 3.6% | 4.3% | Entered the top 10 |
| 6 | KENVUE INC (KVUE) | 0.0% | 4.2% | Entered the top 10 |
| 7 | MICROSOFT CORP (MSFT) | 4.0% | 4.2% | Entered the top 10 |
| 8 | VAIL RESORTS INC (MTN) | 5.2% | 4.0% | |
| 9 | CHARLES RIV LABS INTL INC (CRL) | 5.1% | 3.8% | |
| 10 | ENTEGRIS INC (ENTG) | 4.5% | 3.2% | |
| — | BUILDERS FIRSTSOURCE INC (BLDR) | 4.8% | 0.8% | Left the top 10 |
| — | LABORATORY CORP AMER HLDGS (LH) | 4.4% | 2.7% | Left the top 10 |
| — | SYNCHRONY FINANCIAL (SYF) | 4.1% | 2.7% | Left the top 10 |
| — | TWILIO INC (TWLO) | 4.1% | 3.0% | 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).