SEC 13F Intelligence

Managers / Q4 2023

Spouting Rock Asset Management, LLC

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

Reported Value
$273M
Q4 2023
Positions
118
Filings on Record
17
2019–present window
Filed
Feb 16, 2024
original filing

Summary

Spouting Rock Asset Management, LLC reported $273M in U.S.-listed holdings across 118 positions for Q4 2023.

Its largest position, AMZN, represents 8.2% of the portfolio.

Compared with Q3 2023, the fund opened 19 new positions and exited 53.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+54.9%
share of reported value
Largest Position
+8.2%
Amazon Com
New / Exited
19 / 53
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: 4.3%Other: 1.5%ETP: 0.9%Tracking Stk: 0.1%
  • Common Stock · 93.2% · $255M
  • REIT · 4.3% · $12M
  • Other · 1.5% · $4M
  • ETP · 0.9% · $3M
  • Tracking Stk · 0.1% · $210,349

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCNEW+5.9K5.9K+$870,898$870,898
DWDMORGAN STANLEYNEW+7.2K7.2K+$674,757$674,757
FSLRFIRST SOLAR INCNEW+3.4K3.4K+$579,378$579,378
STWDSTARWOOD PPTY TR INCNEW+27.4K27.4K+$576,474$576,474
NNNNNN REIT INCNEW+12.8K12.8K+$550,818$550,818
TOLTOLL BROTHERS INCNEW+4.6K4.6K+$474,684$474,684
TTWOTAKE-TWO INTERACTIVE SOFTWARNEW+2.9K2.9K+$473,837$473,837
BACBANK AMERICA CORPNEW+12.6K12.6K+$425,420$425,420

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

Holdings — Q4 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM8.24%$23M148.3K
2MAMASTERCARD INCORPORATEDhistory →CL A8.11%$22M52.0K
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A7.97%$22M154.9K
4NVDANVIDIA CORPORATIONhistory →COM7.54%$21M41.6K
5UNHUNITEDHEALTH GROUP INChistory →COM6.58%$18M34.1K
6ADBEADOBE INChistory →COM4.18%$11M19.1K
7ISRGINTUITIVE SURGICAL INChistory →COM NEW4.18%$11M33.8K
8FNDFLOOR & DECOR HLDGS INChistory →CL A4.07%$11M99.8K
9PHPARKER-HANNIFIN CORPhistory →COM3.30%$9M19.6K
10AAPLAPPLE INChistory →COM2.74%$7M38.9K
11COSTCOSTCO WHSL CORP NEWhistory →COM2.29%$6M9.5K
12DPZDOMINOS PIZZA INChistory →COM2.12%$6M14.1K
13MSFTMICROSOFT CORPhistory →COM2.03%$6M14.8K
14ABTABBOTT LABShistory →COM1.64%$4M40.8K
158CWCROWN CASTLE INChistory →COM1.63%$4M38.7K
16DHRDANAHER CORPORATIONhistory →COM1.29%$4M15.2K
17AXONAXON ENTERPRISE INChistory →COM1.13%$3M12.0K
18TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.09%$3M5.6K
19MSCIMSCI INChistory →COM1.05%$3M5.1K
20ALPS ETF TRALERIAN MLP0.83%$2M53.3K
21RHPRYMAN HOSPITALITY PPTYS INCCOM0.82%$2M20.4K
22HUBSHUBSPOT INCCOM0.78%$2M3.7K
23RPDRAPID7 INCCOM0.74%$2M35.4K
24ADPAUTOMATIC DATA PROCESSING INCOM0.70%$2M8.2K
25PLDPROLOGIS INC.COM0.63%$2M13.0K
26CRCCALIFORNIA RES CORPCOM STOCK0.59%$2M29.6K
27LLYELI LILLY & COCOM0.57%$2M2.7K
28FCNFTI CONSULTING INCCOM0.54%$1M7.4K
29MEDPMEDPACE HLDGS INCCOM0.54%$1M4.8K
30AMEAMETEK INCCOM0.53%$1M8.8K
31TENBTENABLE HLDGS INCCOM0.52%$1M30.9K
32ROCKGIBRALTAR INDS INCCOM0.52%$1M17.9K
33ALTGALTA EQUIPMENT GROUP INCCOMMON STOCK0.51%$1M112.4K
34BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.51%$1M3.9K
35EXMOCEXXON MOBIL CORPCOM0.50%$1M13.7K
36GTNGRAY TELEVISION INCCOM0.50%$1M151.8K
37MAKEMYTRIP LIMITED MAURITIUSSHS0.50%$1M28.8K
38WCNWASTE CONNECTIONS INCCOM0.47%$1M8.7K
39WEATHERFORD INTL PLCORD SHS0.46%$1M12.7K
40NVEEUSDNV5 GLOBAL INCCOM0.45%$1M11.2K
41SAHSONIC AUTOMOTIVE INCCL A0.45%$1M22.0K
42HASIHANNON ARMSTRONG SUST INFR CCOM0.45%$1M44.5K
43PZZAPAPA JOHNS INTL INCCOM0.44%$1M15.6K
44HWCHANCOCK WHITNEY CORPORATIONCOM0.43%$1M24.4K
45MGPIMGP INGREDIENTS INC NEWCOM0.43%$1M12.0K
46PRFTUSDPERFICIENT INCCOM0.43%$1M18.0K
47SMCIUSDSUPER MICRO COMPUTER INCCOM0.42%$1M4.1K
48TALOTALOS ENERGY INCCOM0.40%$1M77.2K
49VVISA INCCOM CL A0.39%$1M4.1K

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 ↗.