Horseman Capital Management Ltd

CIK

1340614

Location

London, X0

Portfolio Value

Micro $84,136,434

Diversification

Diversified

Filing Date

Global Rank

#4,528 / 5,929 ▼ 365 · as of Sep 2021

Top Industry

Drug Manufacturers - General 8.6%

3Y Alpha vs SPY

-0.2%

Period ended 4 years ago

Filed Nov 3, 2021 · 4y

7 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+74.8%

SPY

+76.5%

Annualised alpha

-0.4%

Max drawdown

−15.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

45 positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021

Top Position

6.3%

−4.2 pts

Top 5

26.2%

−12.0 pts

Top 10

42.5%

−16.2 pts

HHI

311

Diversified−153

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2021

Sector	% Portfolio	Value	Positions
Healthcare	22.8%	$19,193,693	9
Technology	18.7%	$15,732,698	9
Industrials	14.0%	$11,797,993	5
Consumer Cyclical	10.5%	$8,839,317	6
Communication Services	8.9%	$7,482,347	5
Utilities	8.5%	$7,118,404	3
Financial Services	6.4%	$5,411,286	3
Energy	6.1%	$5,150,470	3
Basic Materials	3.5%	$2,932,976	1
Unclassified	0.6%	$477,250	1

Last Quarter's Activity

Export CSV

Sep 30, 2021 vs Jun 30, 2021

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
OKE	Oneok Inc /New/	+12,000	37,000	$2,145,630
NVDA	Nvidia Corp	+10,500	14,000	$290,024
NTES	NetEase, Inc.	+4,000	19,000	$1,622,600
HCA	HCA Healthcare, Inc.	+4,000	16,000	$3,883,520
CROX	Crocs, Inc.	+2,500	12,500	$1,793,500
BABA	Alibaba Group Holding Ltd	+2,200	13,400	$1,983,870
GOOGL	Alphabet Inc.	+200	2,100	$280,719
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
TWI	Titan International Inc	−309,915	289,938	$2,075,956
CTVA	Corteva, Inc.	−86,000	69,700	$2,932,976
SEB	Seaboard Corp /De/	−292	1,295	$5,309,487
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
SO	Southern Co	46,500	$2,881,605
AEP	American Electric Power Co Inc	34,000	$2,760,120
TMO	Thermo Fisher Scientific Inc.	4,000	$2,285,320
PFE	Pfizer Inc	48,000	$2,064,480
TJX	Tjx Companies Inc /De/	30,000	$1,979,400
IDA	Idacorp Inc	14,284	$1,476,679
MU	Micron Technology Inc	17,000	$1,206,660
VSXY	Victoria's Secret & Co.	21,000	$1,160,460
JNJ	Johnson & Johnson	6,400	$1,033,600
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
AGCO	Agco Corp /De	89,200	$11,629,896
DE	Deere & Co	27,400	$9,664,254
ADM	Archer-Daniels-Midland Co	133,400	$8,084,040
GPRE	Green Plains Inc.	152,300	$5,120,326
MS	Morgan Stanley	20,000	$1,833,800
ETSY	Etsy Inc	6,000	$1,235,040
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

45 positions · $84,136,434 total · as of Sep 30, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SEB	Seaboard Corp /De/ Industrials	Reduced	1,295	-292	$5,309,487	−13.5%	6.31%
MSFT	Microsoft Corp Technology	Held	18,700	0	$5,271,904	+4.1%	6.27%
META	Meta Platforms, Inc. Communication Services	Held	13,700	0	$4,649,643	−2.4%	5.53%
HCA	HCA Healthcare, Inc. Healthcare	Added	16,000	+4,000	$3,883,520	+56.5%	4.62%
CTVA	Corteva, Inc. Basic Materials	Reduced	69,700	-86,000	$2,932,976	−57.5%	3.49%
SO	Southern Co Utilities	NEW	46,500	NEW	$2,881,605	NEW	3.42%
AAPL	Apple Inc. Technology	Held	20,000	0	$2,830,000	+3.3%	3.36%
AEP	American Electric Power Co Inc Utilities	NEW	34,000	NEW	$2,760,120	NEW	3.28%
CVS	CVS HEALTH Corp Healthcare	Held	32,000	0	$2,715,520	+1.7%	3.23%
V	Visa Inc. Financial Services	Held	11,500	0	$2,561,625	−4.7%	3.04%
ABBV	AbbVie Inc. Healthcare	Held	23,000	0	$2,481,010	−4.2%	2.95%
UNH	Unitedhealth Group Inc Healthcare	Held	6,000	0	$2,344,440	−2.4%	2.79%
TMO	Thermo Fisher Scientific Inc. Healthcare	NEW	4,000	NEW	$2,285,320	NEW	2.72%
OKE	Oneok Inc /New/ Energy	Added	37,000	+12,000	$2,145,630	+54.3%	2.55%
TWI	Titan International Inc Industrials	Reduced	289,938	-309,915	$2,075,956	−59.2%	2.47%
LMT	Lockheed Martin Corp Industrials	Held	6,000	0	$2,070,600	−8.8%	2.46%
PFE	Pfizer Inc Healthcare	NEW	48,000	NEW	$2,064,480	NEW	2.45%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Added	13,400	+2,200	$1,983,870	−21.9%	2.36%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	NEW	30,000	NEW	$1,979,400	NEW	2.35%
CROX	Crocs, Inc. Consumer Cyclical	Added	12,500	+2,500	$1,793,500	+53.9%	2.13%
TRP	Tc Energy Corp Energy	Held	36,000	0	$1,731,240	−2.9%	2.06%
FLWS	1 800 Flowers Com Inc Consumer Cyclical	Held	56,000	0	$1,708,560	−4.3%	2.03%
BMY	Bristol Myers Squibb Co Healthcare	Held	28,000	0	$1,656,760	−11.4%	1.97%
AMD	Advanced Micro Devices Inc Technology	Held	16,000	0	$1,646,400	+9.5%	1.96%
CME	Cme Group Inc. Financial Services	Held	8,500	0	$1,643,730	−9.1%	1.95%
NTES	NetEase, Inc. Communication Services	Added	19,000	+4,000	$1,622,600	−6.1%	1.93%
XYZ	Block, Inc. Technology	Held	6,500	0	$1,558,960	−1.6%	1.85%
BLDR	Builders FirstSource, Inc. Industrials	Held	30,000	0	$1,552,200	+21.3%	1.84%
IDA	Idacorp Inc Utilities	NEW	14,284	NEW	$1,476,679	NEW	1.76%
ENB	Enbridge Inc Energy	Held	32,000	0	$1,273,600	−0.6%	1.51%
CNXC	Concentrix Corp Technology	Held	7,000	0	$1,239,000	+10.1%	1.47%
MU	Micron Technology Inc Technology	NEW	17,000	NEW	$1,206,660	NEW	1.43%
SPGI	S&P Global Inc. Financial Services	Held	3,000	0	$1,205,931	+3.5%	1.43%
VSXY	Victoria's Secret & Co. Consumer Cyclical	NEW	21,000	NEW	$1,160,460	NEW	1.38%
JNJ	Johnson & Johnson Healthcare	NEW	6,400	NEW	$1,033,600	NEW	1.23%
TXN	Texas Instruments Inc Technology	Held	5,000	0	$961,050	−0.0%	1.14%
AEIS	Advanced Energy Industries Inc Industrials	Held	9,000	0	$789,750	−22.1%	0.94%
ISRG	Intuitive Surgical Inc Healthcare	Held	2,200	0	$729,043	+8.1%	0.87%
SNX	Td Synnex Corp Technology	Held	7,000	0	$728,700	−14.5%	0.87%
T	At&T Inc. Communication Services	Held	30,000	0	$612,009	−6.2%	0.73%
EXAS	EXACT SCIENCES CORP	Held	5,000	0	$477,250	−23.2%	0.57%
NFLX	Netflix Inc Communication Services	Held	5,200	0	$317,376	+15.5%	0.38%
NVDA	Nvidia Corp Technology	Added	14,000	+10,500	$290,024	+314.3%	0.34%
GOOGL	Alphabet Inc. Communication Services	Added	2,100	+200	$280,719	+21.0%	0.33%
AMZN	Amazon Com Inc Consumer Cyclical	Held	1,300	0	$213,527	−4.5%	0.25%