Latest Shannon River Fund Management LLC Stock Portfolio
Shannon River Fund Management LLC Performance:
2024 Q3: 6.25%YTD: 18.27%2023: 60.39%
Performance for 2024 Q3 is 6.25%, and YTD is 18.27%, and 2023 is 60.39%.
About Shannon River Fund Management LLC and 13F Hedge Fund Stock Holdings
In it's latest 13F Holdings report, Shannon River Fund Management LLC reported an equity portfolio of $714.7 Millions as of 30 Sep, 2024.
The top stock holdings of Shannon River Fund Management LLC are IDCC, CWAN, TSEM. The fund has invested 9.4% of it's portfolio in INTERDIGITAL INC and 8.7% of portfolio in CLEARWATER ANALYTICS HLDGS I.
The fund managers got completely rid off NVIDIA CORPORATION (NVDA), VARONIS SYS INC (VRNS) and APPIAN CORP (APPN) stocks. They significantly reduced their stock positions in TOWER SEMICONDUCTOR LTD (TSEM), MAPLEBEAR INC and GUIDEWIRE SOFTWARE INC (GWRE). Shannon River Fund Management LLC opened new stock positions in PEGASYSTEMS INC (PEGA), CELESTICA INC and PAYPAL HLDGS INC (PYPL). The fund showed a lot of confidence in some stocks as they added substantially to INFORMATICA INC (INFA), ADOBE INC (ADBE) and CLEARWATER ANALYTICS HLDGS I (CWAN).
The top stock holdings of Shannon River Fund Management LLC are IDCC, CWAN, TSEM. The fund has invested 9.4% of it's portfolio in INTERDIGITAL INC and 8.7% of portfolio in CLEARWATER ANALYTICS HLDGS I.
The fund managers got completely rid off NVIDIA CORPORATION (NVDA), VARONIS SYS INC (VRNS) and APPIAN CORP (APPN) stocks. They significantly reduced their stock positions in TOWER SEMICONDUCTOR LTD (TSEM), MAPLEBEAR INC and GUIDEWIRE SOFTWARE INC (GWRE). Shannon River Fund Management LLC opened new stock positions in PEGASYSTEMS INC (PEGA), CELESTICA INC and PAYPAL HLDGS INC (PYPL). The fund showed a lot of confidence in some stocks as they added substantially to INFORMATICA INC (INFA), ADOBE INC (ADBE) and CLEARWATER ANALYTICS HLDGS I (CWAN).
Shannon River Fund Management LLC Annual Return Estimates Vs S&P 500
Our best estimate is that Shannon River Fund Management LLC made a return of 6.25% in the last quarter. In trailing 12 months, it's portfolio return was 37.93%.
New Buys
| Ticker | $ Bought |
|---|---|
| pegasystems inc | 57,621,700 |
| celestica inc | 28,291,100 |
| paypal hldgs inc | 21,762,600 |
| universal technical inst inc. | 3,377,560 |
New stocks bought by Shannon River Fund Management LLC
Additions
| Ticker | % Inc. |
|---|---|
| informatica inc | 318 |
| adobe inc | 69.83 |
| clearwater analytics hldgs i | 15.46 |
| marvell technology inc | 7.86 |
| interdigital inc | 6.47 |
| squarespace inc | 6.45 |
| flex ltd | 2.68 |
| talkspace inc | 2.32 |
Additions to existing portfolio by Shannon River Fund Management LLC
Reductions
| Ticker | % Reduced |
|---|---|
| tower semiconductor ltd | -32.53 |
| maplebear inc | -21.86 |
| guidewire software inc | -20.27 |
| cognex corp | -12.77 |
| dynatrace inc | -10.27 |
| wix com ltd | -3.4 |
Shannon River Fund Management LLC reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| appian corp | -14,197,500 |
| nvidia corporation | -50,986,200 |
| varonis sys inc | -15,786,100 |
| sprout social inc | -10,476,400 |
| broadcom inc | -1,130,290 |
| micron technology inc | -1,349,890 |
| crowdstrike hldgs inc | -941,498 |
Shannon River Fund Management LLC got rid off the above stocks
Sector Distribution
Shannon River Fund Management LLC has about 61.1% of it's holdings in Technology sector.
| Sector | % |
|---|---|
| Technology | 61.1 |
| Others | 23.4 |
| Communication Services | 10.1 |
| Financial Services | 3.3 |
| Healthcare | 1.5 |
Market Cap. Distribution
Shannon River Fund Management LLC has about 31.9% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| MID-CAP | 42.7 |
| LARGE-CAP | 25.8 |
| UNALLOCATED | 23.4 |
| MEGA-CAP | 6.1 |
| SMALL-CAP | 2.1 |
Stocks belong to which Index?
About 21.8% of the stocks held by Shannon River Fund Management LLC either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 78.2 |
| RUSSELL 2000 | 12.5 |
| S&P 500 | 9.3 |
Shannon River Fund Management LLC Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Shannon River Fund Management LLC
Shannon River Fund Management LLC has 18 stocks in it's portfolio. About 71.6% of the portfolio is in top 10 stocks. CGNX proved to be the most loss making stock for the portfolio. CWAN was the most profitable stock for Shannon River Fund Management LLC last quarter.
Last Reported on: 13 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| ADBE | adobe inc | 5.61 | 77,379 | 40,065,300 | added | 69.83 | ||
| APPN | appian corp | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AVGO | broadcom inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CGNX | cognex corp | 6.06 | 1,068,930 | 43,291,800 | reduced | -12.77 | ||
| CRWD | crowdstrike hldgs inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| CWAN | clearwater analytics hldgs i | 8.65 | 2,448,780 | 61,831,700 | added | 15.46 | ||
| DT | dynatrace inc | 3.75 | 501,536 | 26,817,100 | reduced | -10.27 | ||
| FLEX | flex ltd | 5.97 | 1,277,260 | 42,698,800 | added | 2.68 | ||
| GWRE | guidewire software inc | 4.07 | 159,071 | 29,100,400 | reduced | -20.27 | ||
| IDCC | interdigital inc | 9.36 | 472,152 | 66,870,900 | added | 6.47 | ||
| INFA | informatica inc | 5.67 | 1,601,800 | 40,493,600 | added | 318 | ||
| MRVL | marvell technology inc | 7.03 | 696,804 | 50,253,500 | added | 7.86 | ||
| MU | micron technology inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| NVDA | nvidia corporation | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| PEGA | pegasystems inc | 8.06 | 788,367 | 57,621,700 | new | |||
| PYPL | paypal hldgs inc | 3.04 | 278,900 | 21,762,600 | new | |||
| SPT | sprout social inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| SQSP | squarespace inc | 1.72 | 264,360 | 12,274,200 | added | 6.45 | ||
| TALK | talkspace inc | 1.43 | 4,899,360 | 10,239,700 | added | 2.32 | ||
| TSEM | tower semiconductor ltd | 8.29 | 1,338,220 | 59,229,400 | reduced | -32.53 | ||