White Elm Capital 13F annual report
White Elm Capital is an investment fund managing more than $118 million ran by Matthew Iorio. There are currently 24 companies in Mr. Iorio’s portfolio. The largest investments include TransDigm and Mastercard, together worth $17.6 million.
$118 million Assets Under Management (AUM)
As of 7th October 2020, White Elm Capital’s top holding is 15,900 shares of TransDigm currently worth over $8.9 million and making up 7.6% of the portfolio value.
Relative to the number of outstanding shares of TransDigm, White Elm Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 29,000 shares of Mastercard worth $8.66 million, whose value grew 27.7% in the past six months.
The third-largest holding is Visa worth $8.06 million and the next is Texas Pac Ld Tr worth $7.19 million, with 9,200 shares owned.
Currently, White Elm Capital's portfolio is worth at least $118 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at White Elm Capital
The White Elm Capital office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, Matthew Iorio serves as the Managing Member at White Elm Capital.
Recent trades
In the most recent 13F filing, White Elm Capital revealed that it had opened a new position in
Costco Whsl Corp New and bought 1,900 shares worth $558 thousand.
The investment fund also strengthened its position in Fair Isaac by buying
1,300 additional shares.
This makes their stake in Fair Isaac total 13,800 shares worth $5.17 million.
Fair Isaac soared 41.7% in the past year.
On the other hand, there are companies that White Elm Capital is getting rid of from its portfolio.
White Elm Capital closed its position in Palo Alto Networks on 14th February 2020.
It sold the previously owned 70,438 shares for $14.4 million.
Matthew Iorio also disclosed a decreased stake in TransDigm by 0.7%.
This leaves the value of the investment at $8.9 million and 15,900 shares.
One of the smallest hedge funds
The two most similar investment funds to White Elm Capital are Siris Capital and Svb Wealth Advisory. They manage $118 million and $118 million respectively.
Matthew Iorio investment strategy
White Elm Capital’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 31.5% of
the total portfolio value.
The fund focuses on investments in the United States as
70.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
71% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $165 billion.
The complete list of White Elm Capital trades based on 13F SEC filings
These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Palo Alto Networks, Inc. |
Closed
70,438
|
$14,357,000 | |
| Citigroup, Inc. |
Closed
189,230
|
$13,072,000 | |
| Us Foods Hldg Corp |
Closed
309,593
|
$12,724,000 | |
| Huntington Bancshares, Inc. |
Closed
886,676
|
$12,653,000 | |
| GoDaddy, Inc. |
Closed
165,997
|
$10,952,000 | |
| Tiffany & Co. |
Closed
96,574
|
$8,946,000 | |
| TransDigm Group, Inc. |
68.30%
15,900
|
$8,904,000 | 7.56% |
| Mastercard, Inc. |
62.37%
29,000
|
$8,659,000 | 7.35% |
| Visa, Inc. |
66.48%
42,900
|
$8,061,000 | 6.84% |
| Advanced Micro Devices, Inc. |
Closed
249,900
|
$7,245,000 | |
| Texas Pac Ld Tr |
66.05%
9,200
|
$7,187,000 | 6.10% |
| PayPal Holdings, Inc. |
62.55%
62,800
|
$6,793,000 | 5.76% |
| ServiceNow, Inc. |
64.65%
24,000
|
$6,776,000 | 5.75% |
| Amazon.com, Inc. |
64.65%
3,500
|
$6,467,000 | 5.49% |
| Advanced Drain Sys Inc Del |
61.13%
162,900
|
$6,327,000 | 5.37% |
| Autodesk, Inc. |
73.46%
34,400
|
$6,311,000 | 5.36% |
| Tradeweb Mkts Inc |
27.11%
126,301
|
$5,854,000 | 4.97% |
| TransUnion |
67.67%
65,500
|
$5,607,000 | 4.76% |
| Atlassian Corp. Plc |
61.29%
44,500
|
$5,355,000 | 4.54% |
| Fair Isaac Corp. |
10.40%
13,800
|
$5,171,000 | 4.39% |
| Adobe, Inc. |
71.60%
14,600
|
$4,815,000 | 4.09% |
| Vail Resorts, Inc. |
75.93%
18,594
|
$4,459,000 | 3.78% |
| Guidewire Software, Inc. |
71.19%
37,100
|
$4,072,000 | 3.46% |
| Thermo Fisher Scientific, Inc. |
Closed
13,700
|
$3,990,000 | |
| Hilton Worldwide Holdings, Inc. |
60.29%
32,300
|
$3,582,000 | 3.04% |
| Black Knight, Inc. |
76.71%
53,800
|
$3,469,000 | 2.94% |
| MSCI, Inc. |
53.42%
10,900
|
$2,814,000 | 2.39% |
| CoStar Group, Inc. |
125.33%
3,700
|
$2,214,000 | 1.88% |
| FleetCor Technologies, Inc. |
71.50%
7,400
|
$2,129,000 | 1.81% |
| Wix.com Ltd. |
85.78%
9,300
|
$1,138,000 | 0.97% |
| Yum Brands Inc |
54.29%
11,200
|
$1,128,000 | 0.96% |
| Costco Whsl Corp New |
Opened
1,900
|
$558,000 | 0.47% |
| No transactions found | |||
| Showing first 500 out of 32 holdings | |||
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