Intrinsic Edge Capital Management 13F annual report
Intrinsic Edge Capital Management is an investment fund managing more than $1.03 trillion ran by John Davis. There are currently 129 companies in Mr. Davis’s portfolio. The largest investments include Norwegian Cruise Line Hldg L and Avidxchange Holdings Inc, together worth $68.7 billion.
$1.03 trillion Assets Under Management (AUM)
As of 7th August 2024, Intrinsic Edge Capital Management’s top holding is 1,869,643 shares of Norwegian Cruise Line Hldg L currently worth over $35.1 billion and making up 3.4% of the portfolio value.
In addition, the fund holds 2,782,265 shares of Avidxchange Holdings Inc worth $33.6 billion.
The third-largest holding is International Flavors & Fragra worth $28.4 billion and the next is Chart Inds Inc worth $25.7 billion, with 178,344 shares owned.
Currently, Intrinsic Edge Capital Management's portfolio is worth at least $1.03 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Intrinsic Edge Capital Management
The Intrinsic Edge Capital Management office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, John Davis serves as the Chief Compliance Officer at Intrinsic Edge Capital Management.
Recent trades
In the most recent 13F filing, Intrinsic Edge Capital Management revealed that it had opened a new position in
International Flavors & Fragra and bought 297,924 shares worth $28.4 billion.
The investment fund also strengthened its position in Norwegian Cruise Line Hldg L by buying
965,126 additional shares.
This makes their stake in Norwegian Cruise Line Hldg L total 1,869,643 shares worth $35.1 billion.
On the other hand, there are companies that Intrinsic Edge Capital Management is getting rid of from its portfolio.
Intrinsic Edge Capital Management closed its position in Mobileye Global Inc on 14th August 2024.
It sold the previously owned 1,213,099 shares for $39 billion.
John Davis also disclosed a decreased stake in Blue Bird Corp by 0.4%.
This leaves the value of the investment at $22.3 billion and 413,827 shares.
One of the average hedge funds
The two most similar investment funds to Intrinsic Edge Capital Management are Founders Financial Securities and Aip. They manage $1.03 trillion and $1.03 trillion respectively.
John Davis investment strategy
Intrinsic Edge Capital Management’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 18.6% of
the total portfolio value.
The fund focuses on investments in the United States as
61.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
11% of the total holdings value.
On the other hand, small-cap stocks make up only 0.8% of the portfolio.
The average market cap of the portfolio companies is close to $29.7 billion.
The complete list of Intrinsic Edge Capital Management trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Mobileye Global Inc |
Closed
1,213,099
|
$39,001,133,000 | |
| Norwegian Cruise Line Hldg L |
106.70%
1,869,643
|
$35,130,592,000 | 3.40% |
| Scotts Miracle-Gro Company |
Closed
468,104
|
$34,915,877,000 | |
| Stride Inc |
Closed
544,534
|
$34,332,869,000 | |
| Avidxchange Holdings Inc |
9.82%
2,782,265
|
$33,554,116,000 | 3.25% |
| International Flavors & Fragra |
Opened
297,924
|
$28,365,344,000 | 2.75% |
| Chart Inds Inc |
52.45%
178,344
|
$25,742,173,000 | 2.49% |
| Ecolab, Inc. |
Closed
106,960
|
$24,697,064,000 | |
| Avis Budget Group Inc |
Opened
227,070
|
$23,733,356,000 | 2.30% |
| Blue Bird Corp |
36.73%
413,827
|
$22,284,584,000 | 2.16% |
| Installed Bldg Prods Inc |
Opened
107,828
|
$22,178,063,000 | 2.15% |
| OSI Systems, Inc. |
Opened
159,296
|
$21,906,386,000 | 2.12% |
| Royal Caribbean Group |
37.40%
133,973
|
$21,359,315,000 | 2.07% |
| Carpenter Technology Corp. |
91.31%
191,311
|
$20,963,859,000 | 2.03% |
| Twilio Inc |
Opened
363,814
|
$20,668,273,000 | 2.00% |
| Viasat, Inc. |
Closed
1,122,875
|
$20,312,809,000 | |
| ExlService Holdings Inc |
Opened
615,151
|
$19,291,135,000 | 1.87% |
| Grand Canyon Ed Inc |
Closed
141,509
|
$19,274,941,000 | |
| Camping World Holdings Inc |
33.99%
1,027,445
|
$18,350,168,000 | 1.78% |
| LiveRamp Holdings Inc |
17.46%
579,654
|
$17,934,495,000 | 1.74% |
| Owens Corning |
Opened
102,420
|
$17,792,402,000 | 1.72% |
| Littelfuse, Inc. |
Opened
67,234
|
$17,184,338,000 | 1.66% |
| Rush Enterprises Inc |
Closed
315,366
|
$16,878,388,000 | |
| Gibraltar Inds Inc |
19.53%
238,204
|
$16,328,884,000 | 1.58% |
| CarGurus Inc |
Opened
622,725
|
$16,315,395,000 | 1.58% |
| Yelp Inc |
Closed
410,784
|
$16,184,890,000 | |
| Parsons Corp |
2.50%
189,832
|
$15,530,156,000 | 1.50% |
| Dana Inc |
Opened
1,252,639
|
$15,181,985,000 | 1.47% |
| Greenbrier Cos., Inc. |
211.02%
303,949
|
$15,060,673,000 | 1.46% |
| Beacon Roofing Supply Inc |
Opened
164,136
|
$14,854,308,000 | 1.44% |
| Inter Parfums, Inc. |
65.28%
127,214
|
$14,760,640,000 | 1.43% |
| Arlo Technologies Inc |
Opened
1,071,557
|
$13,973,103,000 | 1.35% |
| Atmus Filtration Technologie |
6.44%
467,797
|
$13,463,198,000 | 1.30% |
| Customers Bancorp Inc |
Closed
250,000
|
$13,265,000,000 | |
| Zeta Global Holdings Corp. |
65.07%
738,745
|
$13,038,849,000 | 1.26% |
| Sensient Technologies Corp. |
Opened
170,430
|
$12,644,202,000 | 1.22% |
| Mastec Inc. |
56.61%
113,698
|
$12,164,549,000 | 1.18% |
| Celsius Holdings Inc |
Closed
143,924
|
$11,934,178,000 | |
| Applied Indl Technologies In |
Closed
60,000
|
$11,853,000,000 | |
| Primoris Svcs Corp |
56.77%
236,776
|
$11,812,755,000 | 1.14% |
| Xerox Holdings Corp |
13.75%
993,107
|
$11,539,903,000 | 1.12% |
| Solaredge Technologies Inc |
Closed
160,000
|
$11,356,800,000 | |
| Brinks Co |
Opened
110,068
|
$11,270,963,000 | 1.09% |
| Summit Matls Inc |
Closed
249,838
|
$11,135,280,000 | |
| Celestica, Inc. |
Opened
192,554
|
$11,039,121,000 | 1.07% |
| Spdr Gold Tr |
25.00%
50,000
|
$10,750,500,000 | 1.04% |
| Rush Street Interactive, Inc. |
Opened
1,110,498
|
$10,649,676,000 | 1.03% |
| Simpson Mfg Inc |
Closed
49,915
|
$10,241,560,000 | |
| Twist Bioscience Corp |
97.21%
197,209
|
$9,718,460,000 | 0.94% |
| Genius Sports Limited |
Closed
1,695,259
|
$9,679,929,000 | |
| Iris Energy Ltd |
Opened
810,000
|
$9,144,900,000 | 0.89% |
| Haemonetics Corp Mass |
8.33%
110,000
|
$9,100,300,000 | 0.88% |
| OrthoPediatrics corp |
Opened
305,238
|
$8,778,645,000 | 0.85% |
| Harley-Davidson, Inc. |
Closed
200,000
|
$8,748,000,000 | |
| Knife River Corp |
27.25%
124,566
|
$8,737,059,000 | 0.85% |
| Louisiana Pac Corp |
68.98%
105,175
|
$8,659,058,000 | 0.84% |
| Herbalife Ltd |
Opened
832,831
|
$8,653,114,000 | 0.84% |
| Riot Platforms Inc |
Closed
706,559
|
$8,648,282,000 | |
| Celestica, Inc. |
Closed
192,241
|
$8,639,311,000 | |
| Bit Digital, Inc. |
589.74%
2,690,000
|
$8,554,200,000 | 0.83% |
| Alamo Group Inc. |
Opened
49,140
|
$8,501,220,000 | 0.82% |
| Heico Corp. |
No change
37,983
|
$8,493,379,000 | 0.82% |
| Vericel Corp |
9.79%
184,344
|
$8,457,703,000 | 0.82% |
| Rxo Inc |
34.65%
316,988
|
$8,289,236,000 | 0.80% |
| Fedex Corp |
Opened
27,024
|
$8,102,876,000 | 0.78% |
| Rocket Lab Usa Inc |
Closed
1,925,392
|
$7,913,361,000 | |
| Leonardo DRS, Inc. |
Closed
354,998
|
$7,841,906,000 | |
| H & E Equipment Services Inc |
Closed
118,678
|
$7,616,754,000 | |
| Navitas Semiconductor Corp |
Closed
1,585,996
|
$7,565,201,000 | |
| Teradyne, Inc. |
Opened
50,000
|
$7,414,500,000 | 0.72% |
| Leslies Inc |
Closed
1,129,577
|
$7,342,251,000 | |
| Kirby Corp. |
57.40%
60,200
|
$7,207,746,000 | 0.70% |
| Vulcan Matls Co |
No change
28,830
|
$7,169,444,000 | 0.69% |
| Wingstop Inc |
54.27%
16,855
|
$7,123,934,000 | 0.69% |
| Berkley W R Corp |
Closed
80,000
|
$7,075,200,000 | |
| Brookdale Sr Living Inc |
4.65%
1,025,963
|
$7,007,327,000 | 0.68% |
| Core Scientific Inc New |
628.18%
728,176
|
$6,772,037,000 | 0.66% |
| Group 1 Automotive, Inc. |
65.72%
22,478
|
$6,682,260,000 | 0.65% |
| Woodward Inc |
Closed
42,033
|
$6,478,126,000 | |
| Apple Inc |
Opened
30,000
|
$6,318,600,000 | 0.61% |
| Grocery Outlet Hldg Corp |
Opened
280,000
|
$6,193,600,000 | 0.60% |
| Array Technologies, Inc. |
Closed
400,000
|
$5,964,000,000 | |
| Corcept Therapeutics Inc |
Opened
181,020
|
$5,881,340,000 | 0.57% |
| Transdigm Group Incorporated |
49.72%
4,550
|
$5,813,126,000 | 0.56% |
| Tri Pointe Homes Inc. |
49.19%
151,249
|
$5,634,025,000 | 0.55% |
| Schneider National Inc |
515.86%
230,000
|
$5,556,800,000 | 0.54% |
| Castle Biosciences, Inc. |
13.80%
254,411
|
$5,538,527,000 | 0.54% |
| Silgan Holdings Inc. |
No change
130,000
|
$5,502,900,000 | 0.53% |
| e.l.f. Beauty Inc |
62.14%
25,899
|
$5,457,437,000 | 0.53% |
| Agilysys, Inc |
71.59%
52,148
|
$5,430,693,000 | 0.53% |
| Devon Energy Corp. |
No change
112,804
|
$5,346,910,000 | 0.52% |
| Cleanspark Inc |
13.99%
333,364
|
$5,317,156,000 | 0.51% |
| AECOM |
100.00%
60,000
|
$5,288,400,000 | 0.51% |
| Healthequity Inc |
Opened
60,000
|
$5,172,000,000 | 0.50% |
| Skyline Champion Corp |
Opened
74,735
|
$5,063,296,000 | 0.49% |
| Phinia Inc |
Opened
128,112
|
$5,042,488,000 | 0.49% |
| Indie Semiconductor Inc |
Closed
703,060
|
$4,977,665,000 | |
| Innospec Inc |
Opened
40,000
|
$4,943,600,000 | 0.48% |
| Alphatec Holdings Inc |
58.64%
468,222
|
$4,892,920,000 | 0.47% |
| Kelly Svcs Inc |
Opened
226,503
|
$4,849,429,000 | 0.47% |
| Booz Allen Hamilton Hldg Cor |
No change
31,176
|
$4,797,986,000 | 0.46% |
| Treehouse Foods Inc |
Opened
130,000
|
$4,763,200,000 | 0.46% |
| Abm Inds Inc |
Opened
93,887
|
$4,747,866,000 | 0.46% |
| Costar Group, Inc. |
No change
62,742
|
$4,651,692,000 | 0.45% |
| Expro Group Holdings Nv |
12.98%
201,100
|
$4,609,212,000 | 0.45% |
| Carlisle Cos Inc |
Closed
11,486
|
$4,500,789,000 | |
| Phreesia Inc |
Opened
212,088
|
$4,496,266,000 | 0.44% |
| Alpha Metallurgical Resour I |
Closed
13,543
|
$4,485,035,000 | |
| Five9 Inc |
Opened
100,000
|
$4,410,000,000 | 0.43% |
| Inspire Med Sys Inc |
5.17%
32,185
|
$4,307,319,000 | 0.42% |
| Adtalem Global Ed Inc |
84.23%
63,113
|
$4,304,938,000 | 0.42% |
| Nextracker Inc |
Opened
91,200
|
$4,275,456,000 | 0.41% |
| Light & Wonder Inc |
Opened
40,000
|
$4,195,200,000 | 0.41% |
| APA Corporation |
No change
142,156
|
$4,185,073,000 | 0.41% |
| Ishares Tr |
Closed
130,000
|
$5,514,600,000 | |
| Wolverine World Wide, Inc. |
Closed
367,081
|
$4,114,978,000 | |
| Bandwidth Inc |
Opened
240,000
|
$4,051,200,000 | 0.39% |
| Elanco Animal Health Inc |
Opened
278,000
|
$4,011,540,000 | 0.39% |
| Sunopta, Inc. |
47.80%
742,084
|
$4,007,254,000 | 0.39% |
| Pagaya Technologies Ltd |
Opened
310,000
|
$3,955,600,000 | 0.38% |
| Euronet Worldwide Inc |
282.08%
38,208
|
$3,954,528,000 | 0.38% |
| Certara, Inc. |
Closed
220,000
|
$3,933,600,000 | |
| QuinStreet Inc |
62.26%
225,118
|
$3,734,708,000 | 0.36% |
| Envestnet Inc. |
Closed
63,000
|
$3,648,330,000 | |
| Gentex Corp. |
Closed
100,000
|
$3,612,000,000 | |
| Flex Ltd |
Opened
120,000
|
$3,538,800,000 | 0.34% |
| Old Dominion Freight Line In |
Opened
20,000
|
$3,532,000,000 | 0.34% |
| Lithia Mtrs Inc |
No change
13,918
|
$3,513,599,000 | 0.34% |
| Texas Roadhouse Inc |
No change
20,300
|
$3,485,713,000 | 0.34% |
| Enova International Inc. |
Closed
52,673
|
$3,309,445,000 | |
| Enovis Corporation |
Closed
52,538
|
$3,280,998,000 | |
| Fidelis Insurance Holdings L |
Opened
200,000
|
$3,262,000,000 | 0.32% |
| Green Brick Partners, Inc. |
Opened
55,430
|
$3,172,813,000 | 0.31% |
| EverQuote Inc |
Opened
150,000
|
$3,129,000,000 | 0.30% |
| Arcosa Inc |
77.07%
35,592
|
$2,968,729,000 | 0.29% |
| Caredx Inc |
Opened
190,000
|
$2,950,700,000 | 0.29% |
| Alps Etf Tr |
No change
60,000
|
$2,878,800,000 | 0.28% |
| Marinemax, Inc. |
78.22%
87,878
|
$2,844,611,000 | 0.28% |
| YETI Holdings Inc |
85.07%
74,134
|
$2,828,212,000 | 0.27% |
| Dexcom Inc |
40.16%
24,591
|
$2,788,128,000 | 0.27% |
| Semtech Corp. |
Closed
100,000
|
$2,749,000,000 | |
| Microchip Technology, Inc. |
Opened
30,000
|
$2,745,000,000 | 0.27% |
| Robinhood Mkts Inc |
20.21%
119,680
|
$2,717,933,000 | 0.26% |
| Staar Surgical Co. |
Closed
70,000
|
$2,679,600,000 | |
| CSW Industrials Inc |
50.00%
10,000
|
$2,653,100,000 | 0.26% |
| First Fndtn Inc |
300.00%
400,000
|
$2,620,000,000 | 0.25% |
| MaxLinear Inc |
Closed
140,000
|
$2,613,800,000 | |
| Shoe Carnival, Inc. |
Opened
70,000
|
$2,582,300,000 | 0.25% |
| Calavo Growers, Inc |
Closed
92,115
|
$2,561,718,000 | |
| Lowes Cos Inc |
Closed
10,000
|
$2,547,300,000 | |
| Element Solutions Inc |
Closed
100,000
|
$2,498,000,000 | |
| Aspen Aerogels Inc. |
Opened
100,000
|
$2,385,000,000 | 0.23% |
| Aviat Networks Inc |
Closed
57,500
|
$2,204,550,000 | |
| Kinetik Holdings Inc |
No change
51,702
|
$2,142,531,000 | 0.21% |
| Abrdn Healthcare Opportuniti |
No change
100,000
|
$2,038,000,000 | 0.20% |
| Coinbase Global Inc |
800.00%
9,000
|
$2,000,070,000 | 0.19% |
| Blackrock Science & Technolo |
No change
100,000
|
$1,991,000,000 | 0.19% |
| Edgewell Pers Care Co |
Closed
50,000
|
$1,932,000,000 | |
| Wns Hldgs Ltd |
Opened
36,500
|
$1,916,250,000 | 0.19% |
| Highpeak Energy Inc |
55.63%
133,261
|
$1,873,650,000 | 0.18% |
| CryoPort Inc |
44.04%
256,470
|
$1,772,208,000 | 0.17% |
| Ishares Tr |
Opened
20,000
|
$1,757,600,000 | 0.17% |
| Sharkninja Inc |
Opened
22,700
|
$1,705,905,000 | 0.17% |
| Pennant Group Inc |
Opened
70,441
|
$1,633,527,000 | 0.16% |
| AZZ Inc |
53.85%
19,017
|
$1,469,063,000 | 0.14% |
| Opko Health Inc |
8.33%
1,100,000
|
$1,375,000,000 | 0.13% |
| Par Technology Corp. |
Closed
29,164
|
$1,322,879,000 | |
| Vital Energy Inc |
Closed
22,120
|
$1,162,185,000 | |
| DoubleVerify Holdings, Inc. |
Closed
31,724
|
$1,115,416,000 | |
| Red Robin Gourmet Burgers In |
Opened
142,310
|
$1,077,287,000 | 0.10% |
| Axalta Coating Sys Ltd |
Opened
30,000
|
$1,025,100,000 | 0.10% |
| Huron Consulting Group Inc |
Closed
10,000
|
$966,200,000 | |
| Park Hotels & Resorts Inc |
Closed
50,000
|
$874,500,000 | |
| Advisorshares Tr |
Opened
100,000
|
$733,000,000 | 0.07% |
| Avid Bioservices Inc |
Opened
100,000
|
$714,000,000 | 0.07% |
| Health Catalyst Inc |
Closed
87,478
|
$658,709,000 | |
| Cerence Inc |
Closed
37,024
|
$583,128,000 | |
| Duff & Phelps Utlity And Inf |
Opened
50,000
|
$491,500,000 | 0.05% |
| Flowserve Corp. |
Opened
10,000
|
$481,000,000 | 0.05% |
| Vital Farms, Inc. |
Opened
9,134
|
$427,197,000 | 0.04% |
| Easterly Govt Pptys Inc |
Closed
20,599
|
$237,094,000 | |
| No transactions found | |||
| Showing first 500 out of 181 holdings | |||
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