SEC 13F Intelligence

Managers / Q1 2022

Full18 Capital LLC

CIK 0001797673 · 8 WRIGHT STREET, SUITE 107, WESTPORT, CT, 06880 · 646-561-9869

Reported Value
$434M
Q1 2022
Positions
158
Filings on Record
6
2019–present window
Filed
Apr 29, 2022
original filing

Summary

Full18 Capital LLC reported $434M in U.S.-listed holdings across 158 positions for Q1 2022.

Its largest position, CG, represents 7.9% of the portfolio.

Compared with Q4 2021, the fund opened 39 new positions and exited 64.

Portfolio Metrics

Turnover
+37.2%
vs prior filed quarter
Top-10 Concentration
+44.7%
share of reported value
Largest Position
+7.9%
Carlyle
New / Exited
39 / 64
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, 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

13F Reported Value
Q4 ’20: $228MQ4 ’20Q1 ’21: $205MQ1 ’21Q2 ’21: $240MQ2 ’21Q3 ’21: $248MQ3 ’21Q4 ’21: $236MQ4 ’21Q1 ’22: $434MQ1 ’22filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%REIT: 11.1%Other: 4.6%
  • Common Stock · 84.3% · $366M
  • REIT · 11.1% · $48M
  • Other · 4.6% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SVB FINANCIAL GROUPNEW+22.3K22.3K+$13M$13M
SBNYSIGNATURE BK NEW YORK N YNEW+33.2K33.2K+$10M$10M
IBKRINTERACTIVE BROKERS GROUP INNEW+139.6K139.6K+$9M$9M
RPAYREPAY HLDGS CORPNEW+507.9K507.9K+$9M$9M
LPLALPL FINL HLDGS INCNEW+44.0K44.0K+$8M$8M
MTBM & T BK CORPNEW+42.7K42.7K+$7M$7M
EWBCEAST WEST BANCORP INCNEW+81.0K81.0K+$7M$7M
ICEINTERCONTINENTAL EXCHANGE INNEW+44.8K44.8K+$6M$6M

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

Holdings — Q1 2022

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CGCARLYLE GROUP INChistory →COM7.93%$34M699.5K
2KKRKKR & CO INChistory →COM7.44%$32M516.2K
3GPNGLOBAL PMTS INChistory →COM5.50%$24M169.3K
4AMPAMERIPRISE FINL INChistory →COM5.10%$22M73.3K
5IVZINVESCO LTDhistory →SHS4.38%$19M848.7K
6KRGKITE RLTY GROUP TRhistory →COM NEW3.53%$15M702.9K
7SVB FINANCIAL GROUPCOM2.97%$13M22.3K
8VRTSVIRTUS INVT PARTNERS INChistory →COM2.72%$12M47.7K
9NUVEI CORPORATIONSUB VTG SHS2.57%$11M176.4K
10UEURBAN EDGE PPTYShistory →COM2.53%$11M594.1K
11SBNYSIGNATURE BK NEW YORK N Yhistory →COM2.39%$10M33.2K
12ACGLARCH CAP GROUP LTDhistory →ORD2.36%$10M219.7K
13IIIVI3 VERTICALS INChistory →COM CL A2.31%$10M392.2K
14OMFONEMAIN HLDGS INChistory →COM2.21%$10M190.6K
15IBKRINTERACTIVE BROKERS GROUP INhistory →COM CL A2.15%$9M139.6K
16BWINBRP GROUP INChistory →COM CL A1.98%$9M305.2K
17RPAYREPAY HLDGS CORPhistory →COM CL A1.97%$9M507.9K
18LPLALPL FINL HLDGS INChistory →COM1.81%$8M44.0K
19MTBM & T BK CORPhistory →COM1.67%$7M42.7K
20ALLYALLY FINL INChistory →COM1.58%$7M140.1K
21EWBCEAST WEST BANCORP INChistory →COM1.56%$7M81.0K
22VCTRVICTORY CAP HLDGS INChistory →COM CL A1.42%$6M195.7K
23PATRIA INVESTMENTS LIMITEDCOM CL A1.37%$6M348.6K
24TASKTASKUS INChistory →CLASS A COM1.33%$6M166.5K
25ICEINTERCONTINENTAL EXCHANGE INhistory →COM1.32%$6M44.8K
26FNFFIDELITY NATIONAL FINANCIALhistory →FNF GROUP COM1.24%$5M110.3K
27RITMNEW RESIDENTIAL INVT CORPhistory →COM NEW1.18%$5M476.6K
28IIPRINNOVATIVE INDL PPTYS INChistory →COM1.15%$5M25.1K
29JANUS HENDERSON GROUP PLCORD SHS1.14%$5M139.5K
30UNMUNUM GROUPhistory →COM1.14%$5M165.8K
31EVREVERCORE INChistory →CLASS A1.01%$4M34.9K
32EVERI HLDGS INCCOM0.99%$4M200.1K
33TRUTRANSUNIONCOM0.94%$4M44.8K
34SYNOVUS FINL CORPCOM NEW0.92%$4M79.4K
35CNNECANNAE HLDGS INCCOM0.89%$4M134.4K
36HSTHOST HOTELS & RESORTS INCCOM0.88%$4M200.4K
37FSBCFIVE STAR BANCORPCOM0.86%$4M124.9K
38AERAERCAP HOLDINGS NVSHS0.84%$4M62.1K
39VVISA INCCOM CL A0.84%$4M16.1K
40FISFIDELITY NATL INFORMATION SVCOM0.78%$3M28.3K
41BXBLACKSTONE INCCOM0.64%$3M21.1K
42PWPPERELLA WEINBERG PARTNERSCLASS A COM0.60%$3M245.5K
43RLJRLJ LODGING TRCOM0.57%$2M174.2K
44FIBKFIRST INTST BANCSYSTEM INCCOM CL A0.56%$2M60.7K
45ENVESTNET INCCOM0.54%$2M31.2K
46PAGSPAGSEGURO DIGITAL LTDCOM CL A0.51%$2M97.9K
47ACNACCENTURE PLC IRELANDSHS CLASS A0.50%$2M6.9K
48RYANRYAN SPECIALTY GROUP HLDGS ICL A0.49%$2M54.9K
49METMETLIFE INCCOM0.49%$2M31.3K
50CBOECBOE GLOBAL MKTS INCCOM0.47%$2M17.5K
51ROOT INCCOM CL A0.46%$2M1.05M
52FOURSHIFT4 PMTS INCCL A0.46%$2M37.9K
53PECOPHILLIPS EDISON & CO INCCOMMON STOCK0.45%$2M57.1K
54FINWFINWISE BANCORPCOM0.45%$2M103.7K
55AAMIBRIGHTSPHERE INVT GROUP INCCOM0.44%$2M80.1K
56TCBXTHIRD COAST BANCSHARES INCCOM0.44%$2M81.1K
57QNSTQUINSTREET INCCOM0.44%$2M133.1K
58HEALTHCARE TR AMER INCCL A NEW0.43%$2M60.8K
59CBRECBRE GROUP INCCL A0.43%$2M18.8K
60CADECADENCE BANKCOM0.42%$2M58.9K
61ARGO GROUP INTL HLDGS LTDCOM0.36%$2M27.4K
62CRWDCROWDSTRIKE HLDGS INCCL A0.32%$1M7.1K
63MBIMBIA INCCOM0.29%$1M86.1K
64INTL GNRL INSURANCE HLDNGS LSHS0.26%$1M144.7K
65MONEYGRAM INTL INCCOM NEW0.26%$1M126.6K
66MQMARQETA INCCLASS A COM0.25%$1M93.4K
67CSGPCOSTAR GROUP INCCOM0.23%$994,00016.3K
68APARTMENT INCOME REIT CORPCOM0.23%$977,00018.9K
69FOCUS FINL PARTNERS INCCOM CL A0.22%$966,00019.3K
70PLMRPALOMAR HLDGS INCCOM0.22%$956,00016.3K
71STNESTONECO LTDCOM CL A0.21%$908,00058.3K
72SICPSILVERGATE CAP CORPCL A0.14%$609,0004.8K
73BRXBRIXMOR PPTY GROUP INCCOM0.14%$588,00023.2K
74MPBMID PENN BANCORP INCCOM0.12%$538,00018.5K
75TREAN INS GROUP INCCOM0.06%$265,00035.0K
76ENJOY TECHNOLOGY INC*W EXP 12/01/2020.00%$7,00029.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2022$434M158Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$236M101Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$248M102Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$240M101Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$205M92May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$228M87Feb 9, 202113F-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 ↗.