ACT II MANAGEMENT, LP
CIK
1450008
Location
NEW YORK, NY
Portfolio Value
Micro
$26,509,508
Diversification
Moderately concentrated
Filing Date
Mar 31, 2020
Global Rank
#4,524
/ 5,303
· as of Mar 2020
Top Industry
Telecom Services
32.7%
3Y Alpha vs SPY
-20.1%
Period ended 6 years ago
Filed May 12, 2020 · 6y
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+1.6%
SPY
+76.5%
Annualised alpha
-20.3%
Max drawdown
−28.2%
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
8 positions · as of Mar 31, 2020Top Position
24.4%
of portfolio value
Top 5
81.8%
of portfolio value
Top 10
100.0%
of portfolio value
HHI
1,602
Moderately concentrated
Sector Breakdown
As of Mar 31, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 81.3% | $21,561,242 |
| Consumer Defensive | 18.7% | $4,948,266 |
8 positions ·
$26,509,508 total
· as of Mar 31, 2020
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| META |
Meta Platforms, Inc.
Communication Services
|
First | 38,768 | $6,466,502 | 24.39% | |
| CHGG |
Chegg, Inc
Consumer Defensive
|
First | 138,297 | $4,948,266 | 18.67% | |
| LBRDA |
Liberty Broadband Corp
Communication Services
|
First | 46,310 | $4,644,022 | 17.52% | |
| NXST |
Nexstar Media Group, Inc.
Communication Services
|
First | 55,746 | $3,218,216 | 12.14% | |
| CMCSA |
Comcast Corp
Communication Services
|
First | 75,000 | $2,416,590 | 9.12% | |
| DIS |
Walt Disney Co
Communication Services
|
First | 23,051 | $2,226,726 | 8.40% | |
| VZ |
Verizon Communications Inc
Communication Services
|
First | 30,000 | $1,611,900 | 6.08% | |
| GTN |
Gray Media, Inc
Communication Services
|
First | 90,995 | $977,286 | 3.69% |