SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Springhouse Capital Management, LP

CIK 0001660086 · 18 BURR FARMS ROAD, WESTPORT, CT, 06880 · 212-319-2570

Reported Value
$105M
Q4 2019
Positions
12
Filings on Record
21
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Springhouse Capital Management, LP reported $105M in U.S.-listed holdings across 12 positions for Q4 2019.

The portfolio is heavily concentrated: Oaktree Specialty Lending alone accounts for 28.7% of reported value.

Compared with Q3 2019, the fund opened 1 new position and exited 6.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+99.2%
share of reported value
Largest Position
+28.7%
Oaktree Specialty Lending
New / Exited
1 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $207MQ4 ’18Q1 ’19: $154MQ2 ’19: $178MQ3 ’19: $149MQ3 ’19Q4 ’19: $105MQ1 ’20: $81MQ2 ’20: $83MQ2 ’20Q3 ’20: $83MQ4 ’20: $104MQ1 ’21: $100MQ1 ’21Q2 ’21: $111MQ3 ’21: $106MQ4 ’21: $142MQ4 ’21Q1 ’22: $157MQ2 ’22: $202MQ3 ’22: $150MQ3 ’22Q4 ’22: $75MQ1 ’23: $75MQ2 ’23: $60MQ2 ’23Q3 ’23: $55Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 64.9%Other: 31.6%ADR: 2.5%MLP: 1.0%
  • Common Stock · 64.9% · $68M
  • Other · 31.6% · $33M
  • ADR · 2.5% · $3M
  • MLP · 1.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NIONIO INCNEW+150.0K150.0K+$603,000$603,000
METAFACEBOOK INCSOLD OUT−79.6K0−$14M$0
GSGOLDMAN SACHS GROUP INCSOLD OUT−30.5K0−$6M$0
CCITIGROUP INCSOLD OUT−46.9K0−$3M$0
BLDRBUILDERS FIRSTSOURCE INCSOLD OUT−139.1K0−$3M$0
BIDUBAIDU INCSOLD OUT−18.3K0−$2M$0
DXCDXC TECHNOLOGY COSOLD OUT−38.0K0−$1M$0
BCSBARCLAYS PLCTRIMMED−580.0K212.8K−$4M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OAKTREE SPECIALTY LENDING COCOM28.67%$30M5.51M
2GLOBAL INDTY LTD CAYMANUSD CL A SHS20.78%$22M736.7K
3G WILLI FOOD INTL LTDORD10.83%$11M951.5K
4CREDIT SUISSE GROUPSPONSORED ADR9.85%$10M768.7K
5OCSIOAKTREE STRATEGIC INCOME CORhistory →COM9.21%$10M1.18M
6MSMORGAN STANLEYhistory →COM NEW8.94%$9M183.7K
7KKRKKR & CO INChistory →CL A6.79%$7M244.5K
8BCSBARCLAYS PLChistory →ADR1.93%$2M212.8K
9MEDLEY MGMT INCCL A COM1.15%$1M409.3K
10CALUMET SPECIALTY PRODS PTNRUT LTD PARTNER1.01%$1M290.5K
11MEDLEY CAP CORPCOM0.27%$280,000128.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$55M22Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$60M22Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$75M27May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$75M32Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$150M47Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$202M57Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$157M44May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$142M33Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$106M26Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$111M23Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$100M19May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$104M21Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020REVEALED$83M16Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$83M15Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$81M18May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$105M12Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$149M17Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$178M19Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$154M18May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$207M22Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.