Latest Southpoint Capital Advisors LP Stock Portfolio
Southpoint Capital Advisors LP Performance:
2024 Q3: 6.24%YTD: 10.29%2023: 21.85%
Performance for 2024 Q3 is 6.24%, and YTD is 10.29%, and 2023 is 21.85%.
About Southpoint Capital Advisors LP and 13F Hedge Fund Stock Holdings
Southpoint Capital Advisors LP is a hedge fund based in NEW YORK, NY. On 29-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $6.4 Billions. In it's latest 13F Holdings report, Southpoint Capital Advisors LP reported an equity portfolio of $4.2 Billions as of 30 Sep, 2024.
The top stock holdings of Southpoint Capital Advisors LP are PGR, SYF, UBER. The fund has invested 6% of it's portfolio in PROGRESSIVE CORP and 5.4% of portfolio in SYNCHRONY FINANCIAL .
The fund managers got completely rid off TEMPUR SEALY INTL INC (TPX), LABCORP HOLDINGS INC and VAIL RESORTS INC (MTN) stocks. They significantly reduced their stock positions in OPTION CARE HEALTH INC (OPCH), JONES LANG LASALLE INC (JLL) and ENTEGRIS INC (ENTG). Southpoint Capital Advisors LP opened new stock positions in CONSTELLATION ENERGY CORP (CEG), FERGUSON ENTERPRISES INC and LAMB WESTON HLDGS INC (LW). The fund showed a lot of confidence in some stocks as they added substantially to MAPLEBEAR INC, LPL FINL HLDGS INC (LPLA) and UNIVERSAL DISPLAY CORP (OLED).
The top stock holdings of Southpoint Capital Advisors LP are PGR, SYF, UBER. The fund has invested 6% of it's portfolio in PROGRESSIVE CORP and 5.4% of portfolio in SYNCHRONY FINANCIAL .
The fund managers got completely rid off TEMPUR SEALY INTL INC (TPX), LABCORP HOLDINGS INC and VAIL RESORTS INC (MTN) stocks. They significantly reduced their stock positions in OPTION CARE HEALTH INC (OPCH), JONES LANG LASALLE INC (JLL) and ENTEGRIS INC (ENTG). Southpoint Capital Advisors LP opened new stock positions in CONSTELLATION ENERGY CORP (CEG), FERGUSON ENTERPRISES INC and LAMB WESTON HLDGS INC (LW). The fund showed a lot of confidence in some stocks as they added substantially to MAPLEBEAR INC, LPL FINL HLDGS INC (LPLA) and UNIVERSAL DISPLAY CORP (OLED).
Southpoint Capital Advisors LP Annual Return Estimates Vs S&P 500
Our best estimate is that Southpoint Capital Advisors LP made a return of 6.24% in the last quarter. In trailing 12 months, it's portfolio return was 27.49%.
New Buys
| Ticker | $ Bought |
|---|---|
| constellation energy corp | 156,012,000 |
| ferguson enterprises inc | 138,999,000 |
| lamb weston hldgs inc | 129,480,000 |
| pinterest inc | 123,006,000 |
| block inc | 114,121,000 |
| capital one finl corp | 104,811,000 |
| salesforce inc | 82,113,000 |
| lululemon athletica inc | 81,405,000 |
New stocks bought by Southpoint Capital Advisors LP
Additions
| Ticker | % Inc. |
|---|---|
| maplebear inc | 56.25 |
| lpl finl hldgs inc | 50.00 |
| universal display corp | 46.00 |
| synchrony financial | 37.93 |
| henry schein inc | 30.00 |
| microsoft corp | 25.00 |
| kaspi kz jsc | 15.00 |
| u haul holding company | 13.21 |
Additions to existing portfolio by Southpoint Capital Advisors LP
Reductions
| Ticker | % Reduced |
|---|---|
| option care health inc | -90.62 |
| jones lang lasalle inc | -70.00 |
| entegris inc | -60.00 |
| fidelity natl information sv | -50.00 |
| charles riv labs intl inc | -41.74 |
| flutter entmt plc | -40.00 |
| cbre group inc | -36.25 |
| qiagen nv | -35.00 |
Southpoint Capital Advisors LP reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| kinder morgan inc del | -59,610,000 |
| grupo televisa s a b | -8,310,000 |
| tempur sealy intl inc | -132,552,000 |
| williams cos inc | -53,125,000 |
| twilio inc | -56,810,000 |
| freeport-mcmoran inc | -24,300,000 |
| vail resorts inc | -90,065,000 |
| labcorp holdings inc | -101,755,000 |
Southpoint Capital Advisors LP got rid off the above stocks
Sector Distribution
Southpoint Capital Advisors LP has about 29.2% of it's holdings in Financial Services sector.
| Sector | % |
|---|---|
| Financial Services | 29.2 |
| Technology | 22.7 |
| Others | 13 |
| Healthcare | 9.2 |
| Industrials | 8.6 |
| Consumer Cyclical | 4.9 |
| Utilities | 3.7 |
| Consumer Defensive | 3.4 |
| Communication Services | 2.9 |
| Real Estate | 2.5 |
Market Cap. Distribution
Southpoint Capital Advisors LP has about 71% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| LARGE-CAP | 62.7 |
| MID-CAP | 14.3 |
| UNALLOCATED | 13 |
| MEGA-CAP | 8.3 |
| SMALL-CAP | 1.2 |
Stocks belong to which Index?
About 60.9% of the stocks held by Southpoint Capital Advisors LP either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| S&P 500 | 58.3 |
| Others | 39.1 |
| RUSSELL 2000 | 2.6 |
Southpoint Capital Advisors LP Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Southpoint Capital Advisors LP
Southpoint Capital Advisors LP has 42 stocks in it's portfolio. About 47.4% of the portfolio is in top 10 stocks. LPLA proved to be the most loss making stock for the portfolio. PGR was the most profitable stock for Southpoint Capital Advisors LP last quarter.
Last Reported on: 14 Nov, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AMD | advanced micro devices inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AME | ametek inc | 2.85 | 700,000 | 120,197,000 | reduced | -22.22 | ||
| BATRA | atlanta braves hldgs inc | 0.71 | 750,000 | 29,850,000 | unchanged | 0.00 | ||
| CBRE | cbre group inc | 1.50 | 510,000 | 63,484,800 | reduced | -36.25 | ||
| CEG | constellation energy corp | 3.70 | 600,000 | 156,012,000 | new | |||
| COF | capital one finl corp | 2.48 | 700,000 | 104,811,000 | new | |||
| CPRI | capri holdings limited | 0.18 | 175,197 | 7,435,360 | new | |||
| CRL | charles riv labs intl inc | 3.13 | 669,976 | 131,965,000 | reduced | -41.74 | ||
| CRM | salesforce inc | 1.95 | 300,000 | 82,113,000 | new | |||
| DFS | discover finl svcs | 4.99 | 1,500,000 | 210,435,000 | reduced | -25.00 | ||
| ENTG | entegris inc | 0.27 | 100,000 | 11,253,000 | reduced | -60.00 | ||
| EWCZ | european wax ctr inc | 0.32 | 2,000,000 | 13,600,000 | added | 5.26 | ||
| FCX | freeport-mcmoran inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| FENC | fennec pharmaceuticals inc | 0.48 | 4,077,210 | 20,386,100 | unchanged | 0.00 | ||
| FERG | ferguson plc new | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| FIS | fidelity natl information sv | 1.99 | 1,000,000 | 83,750,000 | reduced | -50.00 | ||
| FSLR | first solar inc | 2.37 | 400,000 | 99,776,000 | unchanged | 0.00 | ||
| HSIC | henry schein inc | 4.49 | 2,600,000 | 189,540,000 | added | 30.00 | ||
| ILMN | illumina inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| JLL | jones lang lasalle inc | 0.96 | 150,000 | 40,471,500 | reduced | -70.00 | ||