SEC 13F Intelligence

Managers / Q3 2020

PA Capital LLC

CIK 0001766226 · RIVERFRONT PLAZA WEST, 901 EAST BYRD STREET, SUITE 1400, RICHMOND, VA, 23219 · 8042896000

Reported Value
$142M
Q3 2020
Positions
187
Filings on Record
10
2019–present window
Filed
Nov 13, 2020
original filing

Summary

Pa Capital LLC reported $142M in U.S.-listed holdings across 187 positions for Q3 2020.

Its largest position, RNST, represents 2.9% of the portfolio.

Compared with Q2 2020, the fund opened 38 new positions and exited 30.

Portfolio Metrics

Turnover
+23.6%
vs prior filed quarter
Top-10 Concentration
+22.3%
share of reported value
Largest Position
+2.9%
Renasant
New / Exited
38 / 30
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: $95MQ4 ’18Q1 ’19: $112MQ1 ’19Q2 ’19: $110MQ2 ’19Q3 ’19: $102MQ3 ’19Q4 ’19: $113MQ4 ’19Q1 ’20: $113MQ1 ’20Q2 ’20: $138MQ2 ’20Q3 ’20: $142MQ3 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 93.1%Other: 4.4%ETP: 0.8%PUBLIC: 0.6%ADR: 0.4%Other: 0.7%
  • Common Stock · 93.1% · $133M
  • Other · 4.4% · $6M
  • ETP · 0.8% · $1M
  • PUBLIC · 0.6% · $893,000
  • ADR · 0.4% · $620,000
  • Other · 0.7% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AONAON PLCNEW+7.5K7.5K+$2M$2M
PERSHING SQUARE TONTINE HLDGNEW+69.4K69.4K+$1M$1M
AERAERCAP HOLDINGS NVNEW+47.2K47.2K+$1M$1M
ZUORA INCNEW+95.1K95.1K+$983,000$983,000
LADLITHIA MTRS INCNEW+3.9K3.9K+$885,000$885,000
SFSTIFEL FINL CORPNEW+16.7K16.7K+$843,000$843,000
KRESPDR SER TRNEW+23.0K23.0K+$820,000$820,000
PYPLPAYPAL HLDGS INCNEW+3.9K3.9K+$762,000$762,000

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

Holdings — Q3 2020

167 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RNSTRENASANT CORPhistory →COM2.93%$4M184.0K
2FISVFISERV INChistory →COM2.62%$4M36.2K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.35%$3M2.3K
4BXCBLUELINX HLDGS INChistory →COM NEW2.32%$3M153.4K
5TWLOTWILIO INChistory →CL A2.27%$3M13.1K
6LVGOLIVONGO HEALTH INChistory →COM2.23%$3M22.7K
7METAFACEBOOK INChistory →CL A2.13%$3M11.6K
8AMZNAMAZON COM INChistory →COM1.85%$3M835
9SPLUNK INCCOM1.82%$3M13.8K
10IMXIINTERNATIONAL MNY EXPRESS INhistory →COM1.76%$3M174.0K
11HOMEAT HOME GROUP INChistory →COM1.75%$2M167.9K
12SCHWSCHWAB CHARLES CORPhistory →COM1.71%$2M67.4K
13DOMODOMO INChistory →COM CL B1.70%$2M63.1K
14BCMLBAYCOM CORPhistory →COM1.24%$2M171.2K
15AEROJET ROCKETDYNE HLDGS INCCOM1.21%$2M43.3K
16NETCLOUDFLARE INChistory →CL A COM1.19%$2M41.4K
17FOXAFOX CORPhistory →CL A COM1.18%$2M60.6K
18MSFTMICROSOFT CORPhistory →COM1.16%$2M7.9K
19TWTRADEWEB MKTS INChistory →CL A1.14%$2M28.0K
20VCTRVICTORY CAP HLDGS INChistory →COM CL A1.14%$2M95.9K
21AONAON PLChistory →SHS CL A1.08%$2M7.5K
22UPLAND SOFTWARE INCCOM1.05%$1M39.7K
23PERSHING SQUARE TONTINE HLDGCOM CL A1.03%$1M69.4K
24OSWONESPAWORLD HOLDINGS LIMITEDhistory →COM1.01%$1M220.4K
25LBRDKLIBERTY BROADBAND CORPhistory →COM SER C1.01%$1M10.0K
26BCCBOISE CASCADE CO DELCOM0.96%$1M34.2K
27CHGGCHEGG INCCOM0.94%$1M18.8K
28WDAYWORKDAY INCCL A0.89%$1M5.9K
29PDPAGERDUTY INCCOM0.89%$1M46.5K
30PINSPINTEREST INCCL A0.88%$1M30.2K
31CLARCLARUS CORP NEWCOM0.86%$1M86.3K
32VISTA OUTDOOR INCCOM0.84%$1M59.6K
33MAMASTERCARD INCORPORATEDCL A0.84%$1M3.6K
34AERAERCAP HOLDINGS NVSHS0.83%$1M47.2K
35DBXDROPBOX INCCL A0.79%$1M58.7K
36INFINERA CORPCOM0.79%$1M182.8K
37GPNGLOBAL PMTS INCCOM0.79%$1M6.3K
38ESTCELASTIC N VORD SHS0.79%$1M10.4K
39TMOTHERMO FISHER SCIENTIFIC INCCOM0.78%$1M2.5K
40HCAHCA HEALTHCARE INCCOM0.78%$1M8.9K
41BMYBRISTOL-MYERS SQUIBB COCOM0.76%$1M17.9K
42RAMPLIVERAMP HLDGS INCCOM0.75%$1M20.7K
43EGHT8X8 INC NEWCOM0.73%$1M66.9K
44PLURALSIGHT INCCOM CL A0.70%$998,00058.3K
45ZUORA INCCOM CL A0.69%$983,00095.1K
46SPBSPECTRUM BRANDS HLDGS INC NECOM0.67%$958,00016.8K
47ENVESTNET INCCOM0.66%$943,00012.2K
48LYTSLSI INDS INCCOM0.66%$942,000139.5K
49PPD INCCOM0.65%$923,00024.9K
50ALXNALEXION PHARMACEUTICALS INCCOM0.64%$905,0007.9K
51KALEYRA INCCOM0.63%$898,000118.6K
52WHEELER REAL ESTATE INVT TRPFD CNV SER D · CV PFD SER B0.63%$893,00067.4K
53LADLITHIA MTRS INCCL A0.62%$885,0003.9K
54EAELECTRONIC ARTS INCCOM0.61%$872,0006.7K
55ARENA PHARMACEUTICALS INCCOM NEW0.61%$868,00011.6K
56HAINHAIN CELESTIAL GROUP INCCOM0.61%$864,00025.2K
57VVISA INCCOM CL A0.60%$860,0004.3K
58SFSTIFEL FINL CORPCOM0.59%$843,00016.7K
59SVMK INCCOM0.58%$832,00037.6K
60KRESPDR SER TRS&P REGL BKG0.58%$820,00023.0K
61CLWCLEARWATER PAPER CORPCOM0.57%$814,00021.5K
62LMTLOCKHEED MARTIN CORPCOM0.57%$813,0002.1K
63RTXRAYTHEON TECHNOLOGIES CORPCOM0.54%$765,00013.3K
64PYPLPAYPAL HLDGS INCCOM0.54%$762,0003.9K
65DCIDONALDSON INCCOM0.53%$761,00016.4K
66USFDUS FOODS HLDG CORPCOM0.53%$749,00033.7K
67REATA PHARMACEUTICALS INCCL A0.52%$746,0007.7K
68FLEETCOR TECHNOLOGIES INCCOM0.52%$738,0003.1K
69SYNASYNAPTICS INCCOM0.52%$734,0009.1K
70IQVIQVIA HLDGS INCCOM0.51%$733,0004.7K
71CICIGNA CORP NEWCOM0.51%$725,0004.1K
72EZPWEZCORP INCCL A NON VTG0.51%$721,000143.2K
73NVRNVR INCCOM0.50%$715,000175
74CUE BIOPHARMA INCCOM0.49%$705,00046.9K
75MXMAGNACHIP SEMICONDUCTOR CORPCOM0.48%$683,00049.8K
76CHEFCHEFS WHSE INCCOM0.48%$681,00046.8K
77LAZARD LTDSHS A0.48%$678,00020.5K
78QUAKER CHEM CORPCOM0.48%$677,0003.8K
79NORBORD INCCOM NEW0.47%$670,00022.7K
80TDGTRANSDIGM GROUP INCCOM0.46%$660,0001.4K
81TRINSEO S ASHS0.45%$648,00025.3K
82BAXBAXTER INTL INCCOM0.45%$644,0008.0K
83FORTRESS VALUE ACQUISITION CCOM CL A0.44%$629,00046.3K
84USCRU S CONCRETE INCCOM0.44%$627,00021.6K
85UNHUNITEDHEALTH GROUP INCCOM0.44%$624,0002.0K
86CRMSALESFORCE COM INCCOM0.44%$621,0002.5K
87CHANGE HEALTHCARE INCCOM0.44%$620,00042.8K
88ADBEADOBE SYSTEMS INCORPORATEDCOM0.43%$614,0001.3K
89EEFTEURONET WORLDWIDE INCCOM0.42%$605,0006.6K
90VPGVISHAY PRECISION GROUP INCCOM0.42%$595,00023.5K
91SPGIS&P GLOBAL INCCOM0.41%$588,0001.6K
92BMCHBMC STK HLDGS INCCOM0.41%$582,00013.6K
93ALDXALDEYRA THERAPEUTICS INCCOM0.40%$576,00077.7K
94NVDANVIDIA CORPORATIONCOM0.40%$575,0001.1K
95AUPHAURINIA PHARMACEUTICALS INCCOM0.40%$573,00038.9K
96GDOTGREEN DOT CORPCL A0.40%$563,00011.1K
97IRMIRON MTN INC NEWCOM0.39%$560,00020.9K
98ALAIR LEASE CORPCL A0.38%$547,00018.6K
99MEIMETHODE ELECTRS INCCOM0.38%$540,00018.9K
100CASTLIGHT HEALTH INCCL B0.38%$539,000477.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020$142M187Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$138M184Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$113M175May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$113M136Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$102M127Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$110M113Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019REVEALED$112M117Jun 3, 2019RESTATEMENTchanges · EDGAR ↗
Q4 2018$95M116Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 4 additional managers.

  • Greenhouse Funds LLLP028-17931
  • Prosight Management, LP028-18450
  • Steamboat Capital Partners, LLC028-17274
  • Whetstone Capital Advisors, LLC028-16139

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 ↗.