BILLINGS CAPITAL MANAGEMENT, LLC
CIK
1578258
Location
ARLINGTON, VA
Portfolio Value
Micro
$79,316,988
Diversification
Moderately concentrated
Filing Date
Global Rank
#5,015
/ 6,772
▼ 368
Top Industry
Credit Services
30.3%
3Y Alpha vs SPY
+0.3%
Period ended 4 years ago
Filed Feb 14, 2022 · 4y
6 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+80.1%
SPY
+76.3%
Annualised alpha
+0.9%
Max drawdown
−30.9%
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
7 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021Top Position
30.3%
+3.6 pts
Top 5
87.4%
+2.7 pts
Top 10
100.0%
0.0 pts
HHI
1,841
Moderately concentrated+143
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2021| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 35.4% | $28,049,495 |
| Industrials | 29.1% | $23,083,053 |
| Consumer Cyclical | 17.3% | $13,724,655 |
| Communication Services | 10.7% | $8,493,228 |
| Consumer Defensive | 7.5% | $5,966,557 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FTDR | Frontdoor, Inc. | +93,439 | 374,479 | $13,724,655 | |
| TPB | Turning Point Brands, Inc. | +72,021 | 157,929 | $5,966,557 | |
| MTZ | Mastec Inc | +28,283 | 112,693 | $10,399,310 | |
| ALGT | Allegiant Travel CO | +14,719 | 67,813 | $12,683,743 | |
| CACC | Credit Acceptance Corp | +1,005 | 34,915 | $24,010,347 | |
| NXST | Nexstar Media Group, Inc. | +756 | 56,254 | $8,493,228 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| WFC | Wells Fargo & Company/Mn | −189,972 | 84,184 | $4,039,148 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
7 positions ·
$79,316,988 total
· as of Dec 31, 2021
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Financial Services
Industrials
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CACC |
Credit Acceptance Corp
Financial Services
|
Added | 34,915 | $24,010,347 | 30.27% | |
| FTDR |
Frontdoor, Inc.
Consumer Cyclical
|
Added | 374,479 | $13,724,655 | 17.30% | |
| ALGT |
Allegiant Travel CO
Industrials
|
Added | 67,813 | $12,683,743 | 15.99% | |
| MTZ |
Mastec Inc
Industrials
|
Added | 112,693 | $10,399,310 | 13.11% | |
| NXST |
Nexstar Media Group, Inc.
Communication Services
|
Added | 56,254 | $8,493,228 | 10.71% | |
| TPB |
Turning Point Brands, Inc.
Consumer Defensive
|
Added | 157,929 | $5,966,557 | 7.52% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 84,184 | $4,039,148 | 5.09% |