SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Spouting Rock Asset Management, LLC

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

Reported Value
$284M
Q1 2023
Positions
175
Filings on Record
17
2019–present window
Filed
May 10, 2023
original filing

Summary

Spouting Rock Asset Management, LLC reported $284M in U.S.-listed holdings across 175 positions for Q1 2023.

Its largest position, MA, represents 6.9% of the portfolio.

Compared with Q4 2022, the fund opened 55 new positions and exited 20.

Portfolio Metrics

Turnover
+12.5%
vs prior filed quarter
Top-10 Concentration
+43.3%
share of reported value
Largest Position
+6.9%
Mastercard Incorporated
New / Exited
55 / 20
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. 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: 92.8%REIT: 4.6%Other: 1.5%ETP: 0.9%ADR: 0.3%
  • Common Stock · 92.8% · $263M
  • REIT · 4.6% · $13M
  • Other · 1.5% · $4M
  • ETP · 0.9% · $3M
  • ADR · 0.3% · $784,759

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NVDANVIDIA CORPORATIONNEW+51.6K51.6K+$14M$14M
ISRGINTUITIVE SURGICAL INCNEW+33.3K33.3K+$9M$9M
PHPARKER-HANNIFIN CORPNEW+16.0K16.0K+$5M$5M
DPZDOMINOS PIZZA INCNEW+12.8K12.8K+$4M$4M
ABTABBOTT LABSNEW+40.6K40.6K+$4M$4M
MSCIMSCI INCNEW+5.5K5.5K+$3M$3M
MTCHMATCH GROUP INC NEWNEW+78.3K78.3K+$3M$3M
TMOTHERMO FISHER SCIENTIFIC INCNEW+3.9K3.9K+$2M$2M

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

Holdings — Q1 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MAMASTERCARD INCORPORATEDhistory →CL A6.94%$20M54.1K
2GOOGALPHABET INCCAP STK CL C · CAP STK CL A6.08%$17M165.8K
3UNHUNITEDHEALTH GROUP INChistory →COM5.87%$17M35.2K
4AMZNAMAZON COM INChistory →COM5.37%$15M147.5K
5NVDANVIDIA CORPORATIONhistory →COM5.06%$14M51.6K
6FNDFLOOR & DECOR HLDGS INChistory →CL A3.87%$11M111.6K
7DISDISNEY WALT COhistory →COM3.27%$9M92.7K
8ISRGINTUITIVE SURGICAL INChistory →COM NEW3.00%$9M33.3K
9AAPLAPPLE INChistory →COM2.67%$8M45.9K
10ADBEADOBE SYSTEMS INCORPORATEDhistory →COM2.57%$7M18.9K
11PHPARKER-HANNIFIN CORPhistory →COM1.90%$5M16.0K
128CWCROWN CASTLE INChistory →COM1.85%$5M39.1K
13COSTCOSTCO WHSL CORP NEWhistory →COM1.72%$5M9.8K
14MSFTMICROSOFT CORPhistory →COM1.56%$4M15.4K
15DPZDOMINOS PIZZA INChistory →COM1.49%$4M12.8K
16ABTABBOTT LABShistory →COM1.45%$4M40.6K
17DHRDANAHER CORPORATIONhistory →COM1.39%$4M15.7K
18AXONAXON ENTERPRISE INChistory →COM1.16%$3M14.7K
19MSCIMSCI INChistory →COM1.09%$3M5.5K
20MTCHMATCH GROUP INC NEWhistory →COM1.06%$3M78.3K
21RHPRYMAN HOSPITALITY PPTYS INCCOM0.92%$3M29.2K
22RPDRAPID7 INCCOM0.87%$2M53.9K
23HUBSHUBSPOT INCCOM0.82%$2M5.4K
24TMOTHERMO FISHER SCIENTIFIC INCCOM0.79%$2M3.9K
25ABXBARRICK GOLD CORPCOM0.79%$2M120.0K
26ALPS ETF TRALERIAN MLP0.77%$2M56.4K
27MGPIMGP INGREDIENTS INC NEWCOM0.74%$2M21.7K
28FCNFTI CONSULTING INCCOM0.74%$2M10.6K
29TENBTENABLE HLDGS INCCOM0.72%$2M42.8K
30G3VGREEN PLAINS INCCOM0.72%$2M65.5K
31GTNGRAY TELEVISION INCCOM0.67%$2M216.9K
32ADPAUTOMATIC DATA PROCESSING INCOM0.66%$2M8.4K
33CRCCALIFORNIA RES CORPCOM STOCK0.64%$2M47.5K
34DEDEERE & COCOM0.62%$2M4.3K
35PLDPROLOGIS INC.COM0.60%$2M13.7K
36SAHSONIC AUTOMOTIVE INCCL A0.60%$2M31.4K
37CLHCLEAN HARBORS INCCOM0.59%$2M11.7K
38BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.57%$2M5.2K
39RHRHCOM0.57%$2M6.6K
40ALTGALTA EQUIPMENT GROUP INCCOMMON STOCK0.55%$2M99.1K
41PZZAPAPA JOHNS INTL INCCOM0.55%$2M20.9K
42PRFTUSDPERFICIENT INCCOM0.54%$2M21.2K
43NVEEUSDNV5 GLOBAL INCCOM0.52%$1M14.3K
44EXMOCEXXON MOBIL CORPCOM0.48%$1M12.5K
45AMEAMETEK INCCOM0.47%$1M9.2K
46TNDMTANDEM DIABETES CARE INCCOM NEW0.46%$1M32.2K
47LTHM1EURLIVENT CORPCOM0.46%$1M60.2K
48AKXANSYS INCCOM0.46%$1M3.9K
49MEDPMEDPACE HLDGS INCCOM0.46%$1M6.9K

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 ↗.