Managers / Q1 2020 · view latest →
Wishbone Management, LP
CIK 0001777734 · 444 WEST LAKE STREET, 49TH FLOOR, CHICAGO, IL, 60606 · 312-265-5560
Summary
Wishbone Management, LP reported $333M in U.S.-listed holdings across 11 positions for Q1 2020.
Its largest position, BABA, represents 18.4% of the portfolio.
Compared with Q4 2019, the fund opened 3 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 76.2% · $254M
- ADR · 23.8% · $79M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ARISTA NETWORKS INC | NEW | +185.0K | 185.0K | +$37M | $37M |
| CARGCARGURUS INC | NEW | +1.90M | 1.90M | +$36M | $36M |
| BILLBILL COM HLDGS INC | NEW | +100.0K | 100.0K | +$3M | $3M |
| ETSYETSY INC | SOLD OUT | −493.6K | 0 | −$22M | $0 |
| JACOBS ENGR GROUP INC | TRIMMED | −320.0K | 280.0K | −$32M | $22M |
| JDJD COM INC | TRIMMED | −240.0K | 450.0K | −$6M | $18M |
| BABAALIBABA GROUP HLDG LTD | TRIMMED | −165.0K | 315.0K | −$41M | $61M |
| WWAYFAIR INC | TRIMMED | −282.6K | 540.0K | −$45M | $29M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 18.38% | $61M | 315.0K |
| 2 | UBERUBER TECHNOLOGIES INChistory → | COM | 15.24% | $51M | 1.82M |
| 3 | UNHUNITEDHEALTH GROUP INChistory → | COM | 13.09% | $44M | 175.0K |
| 4 | ARISTA NETWORKS INC | COM | 11.24% | $37M | 185.0K |
| 5 | CARGCARGURUS INChistory → | COM CL A | 10.79% | $36M | 1.90M |
| 6 | WWAYFAIR INChistory → | CL A | 8.66% | $29M | 540.0K |
| 7 | JACOBS ENGR GROUP INC | COM | 6.66% | $22M | 280.0K |
| 8 | NBISYANDEX N Vhistory → | SHS CLASS A | 5.52% | $18M | 540.0K |
| 9 | JDJD COM INChistory → | SPON ADR CL A | 5.47% | $18M | 450.0K |
| 10 | ANGI HOMESERVICES INC | COM CL A | 3.94% | $13M | 2.50M |
| 11 | BILLBILL COM HLDGS INChistory → | COM | 1.03% | $3M | 100.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $136M | 4 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $234M | 5 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $186M | 4 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $221M | 4 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $167M | 4 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $211M | 4 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $279M | 5 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $310M | 5 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $283M | 4 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $226M | 3 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $282M | 6 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $334M | 7 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $347M | 9 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $323M | 9 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $347M | 10 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $275M | 7 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $510M | 9 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $735M | 11 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $725M | 10 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $648M | 10 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $596M | 9 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $437M | 11 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $474M | 13 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $404M | 12 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $333M | 11 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $435M | 9 | Feb 14, 2020 | 13F-HR | changes · 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 ↗.