SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Springhouse Capital Management, LP

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

Reported Value
$157M
Q1 2022
Positions
44
Filings on Record
20
2019–present window
Filed
May 16, 2022
original filing

Summary

Springhouse Capital Management, LP reported $157M in U.S.-listed holdings across 44 positions for Q1 2022.

Its largest position, GBLI, represents 12.4% of the portfolio.

Compared with Q4 2021, the fund opened 17 new positions and exited 6.

Portfolio Metrics

Turnover
+28.3%
vs prior filed quarter
Top-10 Concentration
+68.6%
share of reported value
Largest Position
+12.4%
Global Indemnity
New / Exited
17 / 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
Q1 ’19: $154MQ1 ’19Q2 ’19: $178MQ3 ’19: $149MQ4 ’19: $105MQ4 ’19Q1 ’20: $81MQ2 ’20: $83MQ3 ’20: $83MQ3 ’20Q4 ’20: $104MQ1 ’21: $100MQ2 ’21: $111MQ2 ’21Q3 ’21: $106MQ4 ’21: $142MQ1 ’22: $157MQ1 ’22Q2 ’22: $202MQ3 ’22: $150MQ4 ’22: $75MQ4 ’22Q1 ’23: $75MQ2 ’23: $60MQ3 ’23: $55MQ3 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 57.1%Other: 32.6%MLP: 6.7%ADR: 3.7%
  • Common Stock · 57.1% · $90M
  • Other · 32.6% · $51M
  • MLP · 6.7% · $11M
  • ADR · 3.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FAR PEAK ACQUISITION CORPNEW+918.5K918.5K+$9M$9M
ALTITUDE ACQUISITION CORPNEW+625.3K625.3K+$6M$6M
ALTIMETER GROWTH CORP 2NEW+606.3K606.3K+$6M$6M
HEALTH ASSURN ACQUISITION CONEW+553.2K553.2K+$5M$5M
CC NEUBERGER PRIN HLDGS IINEW+242.0K242.0K+$2M$2M
TPG PACE BEN FIN CORPNEW+174.5K174.5K+$2M$2M
FOSLFOSSIL GROUP INCNEW+179.1K179.1K+$2M$2M
PINE IS ACQUISITION CORPNEW+129.8K129.8K+$1M$1M

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

Holdings — Q1 2022

40 positions (from 42 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GBLIGLOBAL INDEMNITY GROUP LLChistory →COM CL A12.37%$19M745.6K
2GOOGLALPHABET INCCAP STK CL A · CAP STK CL C12.08%$19M6.8K
3PERSHING SQUARE TONTINE HLDGCOM CL A · *W EXP 07/24/20211.70%$18M950.0K
4G WILLI FOOD INTL LTDORD7.64%$12M658.3K
5FAR PEAK ACQUISITION CORPSHS CL A5.80%$9M918.5K
6SHELL MIDSTREAM PARTNERS L PUNIT LTD INT4.33%$7M478.5K
7ALTITUDE ACQUISITION CORPCOM CL A3.95%$6M625.3K
8ALTIMETER GROWTH CORP 2COM CL A3.78%$6M606.3K
9METAMETA PLATFORMS INChistory →CL A3.53%$6M25.0K
10HEALTH ASSURN ACQUISITION COCOM CL A3.46%$5M553.2K
11CREDIT SUISSE GROUPSPONSORED ADR3.09%$5M619.0K
12AMZNAMAZON COM INChistory →COM2.16%$3M1.0K
13FINTECH ACQUISITION CORP VCOM CL A2.15%$3M343.3K
14CALUMET SPECIALTY PRODS PARTUT LTD PARTNER1.81%$3M209.1K
15CC NEUBERGER PRIN HLDGS IISHS CL A1.53%$2M242.0K
16NORTHERN STAR INVSTMNT CORPCOM CLASS A1.31%$2M209.9K
17TWITTER INCCOM1.23%$2M50.0K
18BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.18%$2M17.0K
19VIPSVIPSHOP HOLDINGS LIMITEDhistory →SPONSORED ADS A1.17%$2M205.1K
20TPG PACE BEN FIN CORPCL A COM1.10%$2M174.5K
21FOSLFOSSIL GROUP INChistory →COM1.10%$2M179.1K
22BIDUBAIDU INChistory →SPON ADR REP A1.06%$2M12.6K
23GAPGAP INCCOM0.99%$2M110.7K
24BURBURFORD CAP LTDORD SHS0.90%$1M153.7K
25PINE IS ACQUISITION CORPCL A0.81%$1M129.8K
26CNXXCONX CORPCOM CL A0.77%$1M123.8K
27GRPNGROUPON INCCOM NEW0.76%$1M62.1K
28ACVAACV AUCTIONS INCCOM CL A0.73%$1M77.7K
29CCITIGROUP INCCOM NEW0.71%$1M20.8K
30B RILEY PRINCIPAL 150 MERGERCOM CL A0.57%$892,00089.9K
31GELGENESIS ENERGY L PUNIT LTD PARTN0.56%$876,00074.8K
32VTRSVIATRIS INCCOM0.48%$762,00070.0K
33POSHMARK INCCOM CL A0.32%$506,00040.0K
34OLLIOLLIES BARGAIN OUTLET HLDGSCOM0.30%$473,00011.0K
35TMETENCENT MUSIC ENTMT GROUPSPON ADS0.25%$400,00082.2K
36CNDTCONDUENT INCCOM0.25%$399,00077.4K
37HORIZON ACQUISITION CORPORATSHS CL A0.22%$342,00034.5K
38BRIGHTCOVE INCCOM0.21%$336,00043.1K
39DPCM CAP INCCOM CL A0.16%$248,00025.1K
40COMPUTE HEALTH ACQUISITIN COCOM CL A0.08%$126,00012.9K

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 ↗

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 ↗.