SEC 13F Intelligence

Managers / Q3 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
$313M
Q3 2023
Positions
152
Filings on Record
17
2019–present window
Filed
Nov 15, 2023
original filing

Summary

Spouting Rock Asset Management, LLC reported $313M in U.S.-listed holdings across 152 positions for Q3 2023.

Its largest position, NVDA, represents 8.3% of the portfolio.

Compared with Q2 2023, the fund opened 22 new positions and exited 27.

Portfolio Metrics

Turnover
+11.7%
vs prior filed quarter
Top-10 Concentration
+53.5%
share of reported value
Largest Position
+8.3%
Nvidia Corporation
New / Exited
22 / 27
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: 94.9%REIT: 2.7%Other: 1.5%ETP: 0.9%Tracking Stk: 0.1%
  • Common Stock · 94.9% · $297M
  • REIT · 2.7% · $9M
  • Other · 1.5% · $5M
  • ETP · 0.9% · $3M
  • Tracking Stk · 0.1% · $207,584

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MTCHMATCH GROUP INC NEWNEW+62.0K62.0K+$2M$2M
VVISA INCNEW+4.1K4.1K+$953,688$953,688
POOLPOOL CORPNEW+2.4K2.4K+$869,952$869,952
ACCENTURE PLC IRELANDNEW+2.8K2.8K+$861,136$861,136
GTLSCHART INDS INCNEW+4.1K4.1K+$692,039$692,039
ELANELANCO ANIMAL HEALTH INCNEW+55.9K55.9K+$628,013$628,013
SLBSCHLUMBERGER LTDNEW+8.6K8.6K+$501,205$501,205
SPLKCHFSPLUNK INCNEW+3.4K3.4K+$491,400$491,400

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

Holdings — Q3 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGALPHABET INCCAP STK CL C · CAP STK CL A8.37%$26M198.9K
2NVDANVIDIA CORPORATIONhistory →COM8.31%$26M59.8K
3MAMASTERCARD INCORPORATEDhistory →CL A8.26%$26M65.3K
4AMZNAMAZON COM INChistory →COM7.14%$22M175.7K
5UNHUNITEDHEALTH GROUP INChistory →COM7.01%$22M43.5K
6FNDFLOOR & DECOR HLDGS INChistory →CL A3.96%$12M137.1K
7ISRGINTUITIVE SURGICAL INChistory →COM NEW3.91%$12M41.8K
8ADBEADOBE INChistory →COM2.92%$9M17.9K
9AAPLAPPLE INChistory →COM2.74%$9M50.2K
10DISDISNEY WALT COhistory →COM2.48%$8M95.7K
11PHPARKER-HANNIFIN CORPhistory →COM2.38%$7M19.1K
12COSTCOSTCO WHSL CORP NEWhistory →COM2.30%$7M12.8K
13DPZDOMINOS PIZZA INChistory →COM2.00%$6M16.5K
14ABTABBOTT LABShistory →COM1.50%$5M48.5K
15DHRDANAHER CORPORATIONhistory →COM1.50%$5M18.9K
16MSFTMICROSOFT CORPhistory →COM1.50%$5M14.8K
178CWCROWN CASTLE INChistory →COM1.14%$4M38.7K
18MSCIMSCI INChistory →COM1.11%$3M6.8K
19RHRHCOM0.94%$3M11.2K
20AXONAXON ENTERPRISE INCCOM0.93%$3M14.6K
21TMOTHERMO FISHER SCIENTIFIC INCCOM0.85%$3M5.2K
22MTCHMATCH GROUP INC NEWCOM0.78%$2M62.0K
23HUBSHUBSPOT INCCOM0.76%$2M4.8K
24ALPS ETF TRALERIAN MLP0.73%$2M53.9K
25ADPAUTOMATIC DATA PROCESSING INCOM0.69%$2M9.0K
26CRCCALIFORNIA RES CORPCOM STOCK0.60%$2M33.3K
27ABXBARRICK GOLD CORPCOM0.56%$2M120.0K
28RHPRYMAN HOSPITALITY PPTYS INCCOM0.54%$2M20.4K
29RPDRAPID7 INCCOM0.52%$2M35.4K
30EXMOCEXXON MOBIL CORPCOM0.52%$2M13.7K
31MGPIMGP INGREDIENTS INC NEWCOM0.51%$2M15.2K
32AKXANSYS INCCOM0.47%$1M4.9K
33PLDPROLOGIS INC.COM0.47%$1M13.0K
34LLYELI LILLY & COCOM0.46%$1M2.7K
35SMCIUSDSUPER MICRO COMPUTER INCCOM0.44%$1M5.1K
36G3VGREEN PLAINS INCCOM0.44%$1M45.9K
37BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.43%$1M3.9K
38CHVCHEVRON CORP NEWCOM0.43%$1M7.9K
39TENBTENABLE HLDGS INCCOM0.43%$1M29.7K
40FCNFTI CONSULTING INCCOM0.42%$1M7.4K
41AMEAMETEK INCCOM0.42%$1M8.8K
42TALOTALOS ENERGY INCCOM0.41%$1M77.2K
43ROCKGIBRALTAR INDS INCCOM0.39%$1M17.9K
44MAKEMYTRIP LIMITED MAURITIUSSHS0.37%$1M28.8K
45WCNWASTE CONNECTIONS INCCOM0.37%$1M8.7K
46MEDPMEDPACE HLDGS INCCOM0.37%$1M4.8K
47WEATHERFORD INTL PLCORD SHS0.37%$1M12.8K
48BROBROWN & BROWN INCCOM0.37%$1M16.4K
49HWMHOWMET AEROSPACE INCCOM0.34%$1M23.1K

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 ↗.