SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Spouting Rock Asset Management, LLC

CIK 0001771174 · 925 W. LANCASTER AVENUE, SUITE 250, BRYN MAWR, PA, 19010 · 610-788-2128

Reported Value
$135M
Q4 2022
Positions
140
Filings on Record
17
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Spouting Rock Asset Management, LLC reported $135M in U.S.-listed holdings across 140 positions for Q4 2022.

Its largest position, MA, represents 4.2% of the portfolio.

Compared with Q3 2022, the fund opened 33 new positions and exited 35.

Portfolio Metrics

Turnover
+19.2%
vs prior filed quarter
Top-10 Concentration
+26.8%
share of reported value
Largest Position
+4.2%
Mastercard Incorporated
New / Exited
33 / 35
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 ’20: $392MQ1 ’20Q2 ’20: $210MQ3 ’20: $209MQ3 ’20Q4 ’20: $316MQ1 ’21: $323MQ1 ’21Q2 ’21: $326MQ3 ’21: $201MQ3 ’21Q4 ’21: $128MQ1 ’22: $120MQ1 ’22Q2 ’22: $154MQ3 ’22: $130MQ3 ’22Q4 ’22: $135MQ1 ’23: $284MQ1 ’23Q2 ’23: $276MQ3 ’23: $313MQ3 ’23Q4 ’23: $273Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.8%REIT: 9.8%Other: 3.1%ETP: 2.4%
  • Common Stock · 84.8% · $114M
  • REIT · 9.8% · $13M
  • Other · 3.1% · $4M
  • ETP · 2.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RPDRAPID7 INCNEW+44.8K44.8K+$2M$2M
WEATHERFORD INTL PLCNEW+29.3K29.3K+$1M$1M
PZZAPAPA JOHNS INTL INCNEW+16.2K16.2K+$1M$1M
VTVVANGUARD INDEX FDSNEW+7.3K7.3K+$1M$1M
RTXRAYTHEON TECHNOLOGIES CORPNEW+7.9K7.9K+$800,800$800,800
AVGOBROADCOM INCNEW+1.3K1.3K+$719,041$719,041
QDELQUIDELORTHO CORPNEW+8.2K8.2K+$701,552$701,552
BELFBBEL FUSE INCNEW+21.2K21.2K+$699,089$699,089

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

Holdings — Q4 2022

139 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MAMASTERCARD INCORPORATEDhistory →CL A4.24%$6M16.4K
28CWCROWN CASTLE INChistory →COM3.94%$5M39.1K
3GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.40%$5M51.8K
4AMZNAMAZON COM INChistory →COM2.75%$4M44.0K
5AAPLAPPLE INChistory →COM2.29%$3M23.7K
6SAHSONIC AUTOMOTIVE INChistory →CL A2.22%$3M60.6K
7DECKDECKERS OUTDOOR CORPhistory →COM2.08%$3M7.0K
8UNHUNITEDHEALTH GROUP INChistory →COM2.03%$3M5.2K
9AXONAXON ENTERPRISE INChistory →COM1.91%$3M15.5K
10NVEEUSDNV5 GLOBAL INChistory →COM1.90%$3M19.3K
11MSFTMICROSOFT CORPhistory →COM1.86%$3M10.5K
12FCNFTI CONSULTING INChistory →COM1.84%$2M15.6K
13MGPIMGP INGREDIENTS INC NEWhistory →COM1.79%$2M22.7K
14DARDARLING INGREDIENTS INChistory →COM1.77%$2M38.0K
15GTNGRAY TELEVISION INChistory →COM1.65%$2M198.0K
16ALPS ETF TRALERIAN MLP1.59%$2M56.4K
17MEDPMEDPACE HLDGS INChistory →COM1.59%$2M10.1K
18CRCCALIFORNIA RES CORPhistory →COM STOCK1.54%$2M47.5K
19RHPRYMAN HOSPITALITY PPTYS INChistory →COM1.50%$2M24.7K
20ABBVABBVIE INChistory →COM1.50%$2M12.5K
21ADCAGREE RLTY CORPhistory →COM1.43%$2M27.2K
22DEDEERE & COhistory →COM1.37%$2M4.3K
23HWCHANCOCK WHITNEY CORPORATIONhistory →COM1.31%$2M36.3K
24G3VGREEN PLAINS INChistory →COM1.23%$2M54.5K
25TENBTENABLE HLDGS INChistory →COM1.21%$2M42.8K
26CLHCLEAN HARBORS INChistory →COM1.21%$2M14.3K
27PLDPROLOGIS INC.history →COM1.15%$2M13.7K
28HUBSHUBSPOT INChistory →COM1.14%$2M5.3K
29RPDRAPID7 INChistory →COM1.13%$2M44.8K
30WEATHERFORD INTL PLCORD SHS1.11%$1M29.3K
31PRFTUSDPERFICIENT INChistory →COM1.10%$1M21.2K
32BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.06%$1M4.6K
33PAHUSDELEMENT SOLUTIONS INChistory →COM1.05%$1M77.8K
341S4HARBORONE BANCORP INC NEWhistory →COM NEW1.04%$1M101.0K
35EXMOCEXXON MOBIL CORPhistory →COM1.02%$1M12.5K
36PZZAPAPA JOHNS INTL INCCOM0.99%$1M16.2K
37TALOTALOS ENERGY INCCOM0.99%$1M70.6K
38COSTCOSTCO WHSL CORP NEWCOM0.98%$1M2.9K
39TNDMTANDEM DIABETES CARE INCCOM NEW0.98%$1M29.4K
40AMEAMETEK INCCOM0.96%$1M9.2K
41RGENREPLIGEN CORPCOM0.95%$1M7.6K
42HASIHANNON ARMSTRONG SUST INFR CCOM0.88%$1M41.0K
43ROCKGIBRALTAR INDS INCCOM0.87%$1M25.6K
44WCNWASTE CONNECTIONS INCCOM0.86%$1M8.7K
45MAKEMYTRIP LIMITED MAURITIUSSHS0.84%$1M41.2K
46LLYLILLY ELI & COCOM0.82%$1M3.0K
47CHVCHEVRON CORP NEWCOM0.79%$1M5.9K
48SEDGSOLAREDGE TECHNOLOGIES INCCOM0.78%$1M3.7K
49DHRDANAHER CORPORATIONCOM0.77%$1M3.9K
50VTVVANGUARD INDEX FDSVALUE ETF0.76%$1M7.3K
51CB1ACONSTELLATION BRANDS INCCL A0.75%$1M4.3K
52DKSDICKS SPORTING GOODS INCCOM0.72%$974,9508.1K
53BROBROWN & BROWN INCCOM0.70%$940,06216.5K
54NDLSUSDNOODLES & COCOM CL A0.65%$873,882159.2K
55ENPHENPHASE ENERGY INCCOM0.62%$836,7443.2K
56ORLYOREILLY AUTOMOTIVE INCCOM0.62%$836,434991
57RTXRAYTHEON TECHNOLOGIES CORPCOM0.59%$800,8007.9K
583TYTITAN MACHY INCCOM0.54%$726,46318.3K
59AVGOBROADCOM INCCOM0.53%$719,0411.3K
60QDELQUIDELORTHO CORPCOM0.52%$701,5528.2K
61BELFBBEL FUSE INCCL B0.52%$699,08921.2K
62KOCOCA COLA COCOM0.52%$696,40210.9K
63NNNNATIONAL RETAIL PROPERTIES ICOM0.49%$655,46614.3K
64ETSYETSY INCCOM0.48%$650,7655.4K
65ADMARCHER DANIELS MIDLAND COCOM0.47%$626,4596.7K
66APDAIR PRODS & CHEMS INCCOM0.46%$622,6852.0K
67TMDXTRANSMEDICS GROUP INCCOM0.46%$621,33510.1K
68JPMJPMORGAN CHASE & COCOM0.46%$615,2514.6K
69FANGDIAMONDBACK ENERGY INCCOM0.45%$604,5684.4K
70TXRHTEXAS ROADHOUSE INCCOM0.44%$593,4496.5K
71CRISPR THERAPEUTICS AGNAMEN AKT0.43%$581,17314.3K
72NKENIKE INCCL B0.43%$576,8594.9K
73CALYTOPGOLF CALLAWAY BRANDS CORPCOM0.42%$569,49128.8K
74PEPPEPSICO INCCOM0.40%$541,2573.0K
75ASML HOLDING N VN Y REGISTRY SHS0.39%$523,451958
76NEENEXTERA ENERGY INCCOM0.39%$518,5716.2K
77AXPAMERICAN EXPRESS COCOM0.37%$503,3843.4K
78ADBEADOBE SYSTEMS INCORPORATEDCOM0.37%$502,1031.5K
79AMHAMERICAN HOMES 4 RENTCL A0.36%$482,78316.0K
80FMCFMC CORPCOM NEW0.34%$459,6383.7K
81HCQAMN HEALTHCARE SVCS INCCOM0.34%$457,3434.4K
82NOCNORTHROP GRUMMAN CORPCOM0.33%$446,309818
83MID-AMER APT CMNTYS INCCOM0.33%$443,8112.8K
84HEIHEICO CORP NEWCOM0.33%$443,5592.9K
85EPAMEPAM SYS INCCOM0.32%$429,0121.3K
86FNDFLOOR & DECOR HLDGS INCCL A0.31%$420,8446.0K
87MDBMONGODB INCCL A0.30%$406,8682.1K
88RXORXO INCCOMMON STOCK0.30%$402,22223.4K
89EPREPR PPTYSCOM SH BEN INT0.30%$398,77610.6K
90ROFKFORCE INCCOM0.29%$396,9697.2K
91PCTYPAYLOCITY HLDG CORPCOM0.29%$392,5992.0K
92VENVENTAS INCCOM0.27%$366,8428.1K
93CDNSCADENCE DESIGN SYSTEM INCCOM0.27%$365,2952.3K
94SPLKCHFSPLUNK INCCOM0.26%$355,5524.1K
95SMARGBPSMARTSHEET INCCOM CL A0.25%$342,9048.7K
96GTLBGITLAB INCCLASS A COM0.25%$341,4827.5K
97PINNACLE FINL PARTNERS INCCOM0.25%$340,1364.6K
98SSTISHOTSPOTTER INCCOM0.25%$339,41610.0K
99AMATAPPLIED MATLS INCCOM0.25%$339,3693.5K
100CHEFCHEFS WHSE INCCOM0.25%$334,16410.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$273M118Feb 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$313M152Nov 15, 202313F-HRchanges · EDGAR ↗
Q2 2023$276M157Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$284M175May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$135M140Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$130M142Nov 8, 202213F-HRchanges · EDGAR ↗
Q2 2022$154M133Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$120M56May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$128M59Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$201M101Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$326M204Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$323M207May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$316M173Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$209M134Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$210M134Aug 3, 202013F-HRchanges · EDGAR ↗
Q1 2020$392M150May 14, 202013F-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 ↗.