SEC 13F Intelligence

Managers / Q2 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
$276M
Q2 2023
Positions
157
Filings on Record
17
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Spouting Rock Asset Management, LLC reported $276M in U.S.-listed holdings across 157 positions for Q2 2023.

Its largest position, MA, represents 7.1% of the portfolio.

Compared with Q1 2023, the fund opened 26 new positions and exited 44.

Portfolio Metrics

Turnover
+12.7%
vs prior filed quarter
Top-10 Concentration
+46.6%
share of reported value
Largest Position
+7.1%
Mastercard Incorporated
New / Exited
26 / 44
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: 93.2%REIT: 4.2%Other: 1.6%ETP: 1.0%ADR: 0.1%
  • Common Stock · 93.2% · $257M
  • REIT · 4.2% · $12M
  • Other · 1.6% · $4M
  • ETP · 1.0% · $3M
  • ADR · 0.1% · $200,932

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABGAMERISOURCEBERGEN CORPNEW+4.9K4.9K+$950,402$950,402
NORWEGIAN CRUISE LINE HLDG LNEW+41.3K41.3K+$899,232$899,232
NOWSERVICENOW INCNEW+1.6K1.6K+$885,665$885,665
ROYAL CARIBBEAN GROUPNEW+8.0K8.0K+$827,845$827,845
DDOGDATADOG INCNEW+7.9K7.9K+$774,054$774,054
SNOWSNOWFLAKE INCNEW+4.3K4.3K+$756,890$756,890
HQYHEALTHEQUITY INCNEW+11.4K11.4K+$719,985$719,985
ZSZSCALER INCNEW+3.9K3.9K+$565,450$565,450

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

Holdings — Q2 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MAMASTERCARD INCORPORATEDhistory →CL A7.10%$20M49.8K
2GOOGALPHABET INCCAP STK CL C · CAP STK CL A6.60%$18M150.9K
3AMZNAMAZON COM INChistory →COM6.43%$18M136.1K
4NVDANVIDIA CORPORATIONhistory →COM6.13%$17M40.0K
5UNHUNITEDHEALTH GROUP INChistory →COM5.59%$15M32.1K
6FNDFLOOR & DECOR HLDGS INChistory →CL A3.73%$10M99.1K
7ISRGINTUITIVE SURGICAL INChistory →COM NEW3.62%$10M29.2K
8ADBEADOBE SYSTEMS INCORPORATEDhistory →COM3.50%$10M19.7K
9AAPLAPPLE INChistory →COM3.17%$9M45.2K
10DISDISNEY WALT COhistory →COM2.36%$7M73.1K
11PHPARKER-HANNIFIN CORPhistory →COM2.08%$6M14.7K
128CWCROWN CASTLE INChistory →COM1.61%$4M39.1K
13MSFTMICROSOFT CORPhistory →COM1.44%$4M11.7K
14COSTCOSTCO WHSL CORP NEWhistory →COM1.44%$4M7.4K
15ABTABBOTT LABShistory →COM1.21%$3M30.5K
16DPZDOMINOS PIZZA INChistory →COM1.11%$3M9.1K
17HUBSHUBSPOT INChistory →COM1.06%$3M5.5K
18AXONAXON ENTERPRISE INChistory →COM1.06%$3M15.0K
19RHPRYMAN HOSPITALITY PPTYS INCCOM0.98%$3M29.2K
20DHRDANAHER CORPORATIONCOM0.98%$3M11.3K
21RPDRAPID7 INCCOM0.88%$2M53.9K
22MGPIMGP INGREDIENTS INC NEWCOM0.84%$2M21.7K
23ALPS ETF TRALERIAN MLP0.80%$2M56.4K
24RHRHCOM0.79%$2M6.6K
25CRCCALIFORNIA RES CORPCOM STOCK0.78%$2M47.5K
26G3VGREEN PLAINS INCCOM0.77%$2M65.5K
27ABXBARRICK GOLD CORPCOM0.74%$2M120.0K
28PRFTUSDPERFICIENT INCCOM0.73%$2M24.3K
29FCNFTI CONSULTING INCCOM0.73%$2M10.6K
30CLHCLEAN HARBORS INCCOM0.70%$2M11.7K
31TENBTENABLE HLDGS INCCOM0.67%$2M42.8K
32ADPAUTOMATIC DATA PROCESSING INCOM0.67%$2M8.4K
33SMCIUSDSUPER MICRO COMPUTER INCCOM0.64%$2M7.1K
34ALTGALTA EQUIPMENT GROUP INCCOMMON STOCK0.62%$2M99.0K
35GTNGRAY TELEVISION INCCOM0.62%$2M216.9K
36PLDPROLOGIS INC.COM0.61%$2M13.7K
37MEDPMEDPACE HLDGS INCCOM0.60%$2M6.9K
38LTHM1EURLIVENT CORPCOM0.60%$2M60.2K
39MSCIMSCI INCCOM0.59%$2M3.5K
40ROCKGIBRALTAR INDS INCCOM0.58%$2M25.6K
41EXMOCEXXON MOBIL CORPCOM0.58%$2M15.0K
42NVEEUSDNV5 GLOBAL INCCOM0.56%$2M14.0K
43PZZAPAPA JOHNS INTL INCCOM0.56%$2M20.9K
44TALOTALOS ENERGY INCCOM0.55%$2M110.3K
45SAHSONIC AUTOMOTIVE INCCL A0.54%$1M31.4K
46AMEAMETEK INCCOM0.54%$1M9.2K
47EXKEXACT SCIENCES CORPCOM0.53%$1M15.7K
48BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.51%$1M4.2K
49MDBMONGODB INCCL A0.50%$1M3.4K

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 ↗.