Managers / Q4 2022 · view latest →
Springhouse Capital Management, LP
CIK 0001660086 · 18 BURR FARMS ROAD, WESTPORT, CT, 06880 · 212-319-2570
Summary
Springhouse Capital Management, LP reported $75M in U.S.-listed holdings across 32 positions for Q4 2022.
Its largest position, Far Peak Acquisition, represents 16.2% of the portfolio.
Compared with Q3 2022, the fund opened 4 new positions and exited 19.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 51.6% · $39M
- Other · 32.4% · $24M
- ADR · 8.5% · $6M
- MLP · 6.1% · $5M
- US DOMESTIC · 1.4% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| THE REALREAL INC | NEW | +599.0K | 599.0K | +$356,405 | $356,405 |
| ALTITUDE ACQUISITION CORP | NEW | +30.7K | 30.7K | +$304,395 | $304,395 |
| CAESARSTONE LTD | NEW | +25.0K | 25.0K | +$142,750 | $142,750 |
| HOMOLOGY MEDICINES INC | NEW | +40.0K | 40.0K | +$50,392 | $50,392 |
| WAYFAIR INC | ADDED | +750.0K | 1.25M | +$396,875 | $707,875 |
| SHELL MIDSTREAM PARTNERS L P | SOLD OUT | −880.9K | 0 | −$14M | $0 |
| BRIGHT LIGHTS ACQUISITION CO | SOLD OUT | −1.03M | 0 | −$10M | $0 |
| FINTECH ACQUISITION CORP V | SOLD OUT | −912.3K | 0 | −$9M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FAR PEAK ACQUISITION CORP | SHS CL A | 16.17% | $12M | 1.21M |
| 2 | CCITIGROUP INChistory → | COM NEW | 12.61% | $9M | 209.3K |
| 3 | G WILLI FOOD INTL LTD | ORD | 11.19% | $8M | 638.7K |
| 4 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 10.06% | $8M | 85.4K |
| 5 | GBLIGLOBAL INDEMNITY GROUP LLChistory → | COM CL A | 7.51% | $6M | 241.9K |
| 6 | SPNTSIRIUSPOINT LTDhistory → | COM | 5.53% | $4M | 703.3K |
| 7 | NORTHERN STAR INVSTMNT CORP | COM CLASS A | 4.24% | $3M | 317.5K |
| 8 | EXPEEXPEDIA GROUP INChistory → | COM NEW | 3.97% | $3M | 34.0K |
| 9 | VIPSVIPSHOP HOLDINGS LIMITEDhistory → | SPONSORED ADS A | 3.73% | $3M | 205.1K |
| 10 | CALUMET SPECIALTY PRODS PART | UT LTD PARTNER | 3.13% | $2M | 139.2K |
| 11 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 1.99% | $1M | 17.0K |
| 12 | AMZNAMAZON COM INChistory → | COM | 1.99% | $1M | 17.8K |
| 13 | BIDUBAIDU INChistory → | SPON ADR REP A | 1.92% | $1M | 12.6K |
| 14 | CREDIT SUISSE GROUP | SPONSORED ADR | 1.90% | $1M | 469.0K |
| 15 | BURBURFORD CAP LTDhistory → | ORD SHS | 1.72% | $1M | 158.8K |
| 16 | ETENERGY TRANSFER L Phistory → | COM UT LTD PTN | 1.70% | $1M | 107.7K |
| 17 | METAMETA PLATFORMS INChistory → | CL A | 1.60% | $1M | 10.0K |
| 18 | GELGENESIS ENERGY L Phistory → | UNIT LTD PARTN | 1.22% | $919,686 | 90.1K |
| 19 | EHTHEHEALTH INChistory → | COM | 1.09% | $820,714 | 169.6K |
| 20 | VTRSVIATRIS INChistory → | COM | 1.04% | $779,100 | 70.0K |
| 21 | WAYFAIR INC | NOTE 1.000% 8/1 | 0.94% | $707,875 | 1.25M |
| 22 | TMETENCENT MUSIC ENTMT GROUP | SPON ADS | 0.91% | $680,616 | 82.2K |
| 23 | ACVAACV AUCTIONS INC | COM CL A | 0.85% | $637,917 | 77.7K |
| 24 | A K A BRANDS HLDG CORP | COM | 0.75% | $565,473 | 445.3K |
| 25 | FOSLFOSSIL GROUP INC | COM | 0.63% | $476,552 | 110.6K |
| 26 | THE REALREAL INC | NOTE 3.000% 6/1 | 0.47% | $356,405 | 599.0K |
| 27 | ALTITUDE ACQUISITION CORP | COM CL A | 0.41% | $304,395 | 30.7K |
| 28 | BRIGHTCOVE INC | COM | 0.30% | $225,413 | 43.1K |
| 29 | CAESARSTONE LTD | ORD SHS | 0.19% | $142,750 | 25.0K |
| 30 | CHURCHILL CAPITAL CORP V | COM CL A | 0.17% | $124,250 | 12.5K |
| 31 | HOMOLOGY MEDICINES INC | COM | 0.07% | $50,392 | 40.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2023 | $55M | 22 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $60M | 22 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $75M | 27 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $75M | 32 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $150M | 47 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $202M | 57 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $157M | 44 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $142M | 33 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $106M | 26 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $111M | 23 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $100M | 19 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $104M | 21 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020REVEALED | $83M | 16 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $83M | 15 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $81M | 18 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $105M | 12 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $149M | 17 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $178M | 19 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $154M | 18 | May 15, 2019 | 13F-HR | changes · 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 ↗.