SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Sapience Investments, LLC

CIK 0001682598 · 18200 VON KARMAN AVENUE, SUITE 795, IRVINE, CA, 92612 · 949-662-1013

Reported Value
$433M
Q1 2023
Positions
77
Filings on Record
29
2019–present window
Filed
May 15, 2023
original filing

Summary

Sapience Investments, LLC reported $433M in U.S.-listed holdings across 77 positions for Q1 2023.

Its largest position, THS, represents 3.4% of the portfolio.

Compared with Q4 2022, the fund opened 1 new position and exited 5.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+27.6%
share of reported value
Largest Position
+3.4%
Treehouse Foods
New / Exited
1 / 5
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: $752MQ1 ’19Q2 ’19: $734MQ3 ’19: $719MQ4 ’19: $715MQ1 ’20: $450MQ1 ’20Q2 ’20: $544MQ3 ’20: $564MQ4 ’20: $719MQ1 ’21: $797MQ1 ’21Q2 ’21: $805MQ3 ’21: $842MQ4 ’21: $878MQ1 ’22: $823MQ1 ’22Q2 ’22: $534MQ3 ’22: $476MQ4 ’22: $476MQ1 ’23: $433MQ1 ’23Q2 ’23: $444MQ3 ’23: $416MQ4 ’23: $420MQ1 ’24: $302MQ1 ’24Q2 ’24: $196MQ3 ’24: $202MQ4 ’24: $171MQ1 ’25: $140MQ1 ’25Q2 ’25: $150MQ3 ’25: $26MQ4 ’25: $27MQ1 ’26: $771,938Q1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.0%REIT: 8.5%Other: 5.5%
  • Common Stock · 86.0% · $372M
  • REIT · 8.5% · $37M
  • Other · 5.5% · $24M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TWLOTWILIO INCNEW+10.1K10.1K+$673,429$673,429
RGPRESOURCES CONNECTION INCSOLD OUT−381.5K0−$7M$0
APAMARTISAN PARTNERS ASSET MGMTSOLD OUT−174.3K0−$5M$0
FRCBFIRST REP BK SAN FRANCISCO CSOLD OUT−7.1K0−$870,904$0
OSKOSHKOSH CORPSOLD OUT−7.5K0−$660,014$0
LKQLKQ CORPSOLD OUT−10.7K0−$572,929$0
ACHCACADIA HEALTHCARE COMPANY INADDED+35.7K106.2K+$2M$8M
POSTPOST HLDGS INCADDED+27.5K89.6K+$2M$8M

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

Holdings — Q1 2023

77 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1THSTREEHOUSE FOODS INChistory →COM3.36%$15M287.8K
2USFDUS FOODS HLDG CORPhistory →COM3.29%$14M384.9K
3IDAIDACORP INChistory →COM2.84%$12M113.4K
4FUNSIX FLAGS ENTMT CORP NEWhistory →COM2.81%$12M455.3K
5WBSWEBSTER FINL CORPhistory →COM2.73%$12M299.7K
6HRHEALTHCARE RLTY TRhistory →CL A COM2.61%$11M583.1K
7AMEDAMEDISYS INChistory →COM2.57%$11M151.4K
8IARTINTEGRA LIFESCIENCES HLDGS Chistory →COM NEW2.56%$11M192.6K
9CPRICAPRI HOLDINGS LIMITEDhistory →SHS2.45%$11M225.3K
10STERICYCLE INCCOM2.38%$10M236.1K
11VIPER ENERGY PARTNERS LPCOM UNT RP INT2.35%$10M362.7K
12PHYSICIANS RLTY TRCOM2.33%$10M674.4K
13NVSTENVISTA HOLDINGS CORPORATIONhistory →COM2.32%$10M245.3K
14KEXKIRBY CORPhistory →COM2.26%$10M140.0K
15VRNSVARONIS SYS INChistory →COM2.19%$9M364.5K
16GBCIGLACIER BANCORP INC NEWhistory →COM2.10%$9M216.6K
17NTBBANK OF NT BUTTERFIELD&SON Lhistory →SHS NEW2.09%$9M335.6K
18CDPCORPORATE OFFICE PPTYS TRhistory →SH BEN INT2.00%$9M364.6K
19PORPORTLAND GEN ELEC COhistory →COM NEW1.93%$8M171.1K
20POSTPOST HLDGS INChistory →COM1.86%$8M89.6K
21BANRBANNER CORPhistory →COM NEW1.79%$8M142.7K
22ACHCACADIA HEALTHCARE COMPANY INhistory →COM1.77%$8M106.2K
23LBRTLIBERTY ENERGY INChistory →COM CL A1.75%$8M591.4K
24BPOPPOPULAR INChistory →COM NEW1.73%$7M130.6K
25CMRCBIGCOMMERCE HLDGS INChistory →COM SER 11.72%$7M831.3K
26NEW RELIC INCCOM1.69%$7M97.2K
27ENSENERSYShistory →COM1.63%$7M81.2K
28DESPEGAR COM CORPORD SHS1.63%$7M1.15M
29CAKECHEESECAKE FACTORY INChistory →COM1.57%$7M193.8K
30LECOLINCOLN ELEC HLDGS INChistory →COM1.55%$7M39.6K
31ATIATI INChistory →COM1.53%$7M167.4K
32LIBERTY LATIN AMERICA LTDCOM CL A1.52%$7M792.1K
33OPLNKAR AUCTION SVCS INChistory →COM1.51%$7M476.8K
34CHAMPIONX CORPORATIONCOM1.50%$7M239.7K
35PDC ENERGY INCCOM1.48%$6M99.7K
36RETAIL OPPORTUNITY INVTS CORCOM1.46%$6M453.8K
37SYNEOS HEALTH INCCL A1.46%$6M177.7K
38ABCBAMERIS BANCORPhistory →COM1.43%$6M169.1K
39ZWSZURN ELKAY WATER SOLNS CORPhistory →COM1.39%$6M281.2K
40BRBRBELLRING BRANDS INChistory →COMMON STOCK1.35%$6M171.8K
41FHBFIRST HAWAIIAN INChistory →COM1.35%$6M282.6K
42CATYCATHAY GEN BANCORPhistory →COM1.27%$6M159.8K
43OZKBANK OZK LITTLE ROCK ARKhistory →COM1.26%$5M159.8K
44AGOASSURED GUARANTY LTDhistory →COM1.23%$5M105.9K
45HWCHANCOCK WHITNEY CORPORATIONhistory →COM1.20%$5M142.2K
46CRKCOMSTOCK RES INChistory →COM1.16%$5M465.7K
47VVVVALVOLINE INChistory →COM1.14%$5M140.8K
48NPOENPRO INDS INChistory →COM1.10%$5M45.7K
49AHCOADAPTHEALTH CORPhistory →COMMON STOCK1.08%$5M374.5K
50ESNTESSENT GROUP LTDCOM0.98%$4M106.1K
51DIEBOLD NIXDORF INCCOM STK0.98%$4M3.53M
52TEXTEREX CORP NEWCOM0.95%$4M84.8K
53REZIRESIDEO TECHNOLOGIES INCCOM0.92%$4M216.7K
54BUSEFIRST BUSEY CORPCOM NEW0.89%$4M189.0K
55SLMSLM CORPCOM0.83%$4M289.2K
56EHCENCOMPASS HEALTH CORPCOM0.21%$910,44916.8K
57AMEAMETEK INCCOM0.19%$839,2815.8K
58CATALENT INCCOM0.19%$821,76912.5K
59RRXREGAL REXNORD CORPORATIONCOM0.19%$813,9825.8K
60HASHASBRO INCCOM0.19%$810,82615.1K
61FANGDIAMONDBACK ENERGY INCCOM0.17%$725,3225.4K
62TWLOTWILIO INCCL A0.16%$673,42910.1K
63ESTCELASTIC N VORD SHS0.15%$652,82211.3K
64NDAQNASDAQ INCCOM0.15%$639,91211.7K
65BRXBRIXMOR PPTY GROUP INCCOM0.15%$627,52329.2K
66WABWABTECCOM0.14%$603,7326.0K
67FLEETCOR TECHNOLOGIES INCCOM0.13%$577,3072.7K
68CHARLES RIV LABS INTL INCCOM0.13%$568,7292.8K
69WTFCWINTRUST FINL CORPCOM0.13%$565,3637.8K
70EQTEQT CORPCOM0.13%$542,37417.0K
71RNRRENAISSANCERE HLDGS LTDCOM0.12%$538,5142.7K
72WESTROCK COCOM0.12%$534,10917.5K
73GGENPACT LIMITEDSHS0.12%$528,52611.4K
74EWBCEAST WEST BANCORP INCCOM0.12%$522,3669.4K
75SYNOVUS FINL CORPCOM NEW0.12%$505,11916.4K
76ELANELANCO ANIMAL HEALTH INCCOM0.09%$391,76441.7K
77OVVOVINTIV INCCOM0.08%$358,9249.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$771,938114May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$27M48Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$26M48Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$150M89Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$140M88May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$171M86Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$202M86Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$196M85Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$302M85May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$420M81Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$416M75Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$444M75Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$433M77May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$476M81Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$476M80Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$534M85Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$823M88May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$878M87Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$842M89Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$805M89Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$797M89May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$719M88Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$564M89Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$544M91Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$450M91May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$715M82Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$719M85Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$734M86Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$752M82May 13, 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 ↗.