Handelsinvest Investeringsforvaltning

CIK

1659997

Location

HERNING, G7

Portfolio Value

Small $185,627,484

Diversification

Diversified

Filing Date

Global Rank

#3,743 / 7,296 ▼ 449

Top Industry

Software - Infrastructure 8.8%

3Y Alpha vs SPY

-5.9%

Period ended 2 years ago

Filed Apr 19, 2024 · 2y

17 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+51.5%

SPY

+76.3%

Annualised alpha

-5.9%

Max drawdown

−18.5%

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

292 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

5.5%

+0.3 pts

Top 5

17.3%

+0.8 pts

Top 10

24.7%

+1.8 pts

HHI

115

Diversified+11

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Technology	24.9%	$46,141,023	60
Healthcare	15.3%	$28,417,205	43
Financial Services	13.8%	$25,673,196	45
Consumer Cyclical	13.5%	$25,073,664	44
Industrials	12.2%	$22,684,411	46
Consumer Defensive	6.7%	$12,444,919	13
Communication Services	5.3%	$9,907,784	6
Real Estate	4.6%	$8,621,110	22
Basic Materials	3.4%	$6,356,855	12
Unclassified	0.2%	$307,317	1

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	+20,114	33,168	$1,995,718
LKQ	Lkq Corp	+4,326	20,662	$1,103,557
ACM	Aecom	+3,714	13,665	$1,340,263
QFIN	Qfin Holdings, Inc.	+1,353	10,828	$199,560
FSLR	First Solar, Inc.	+342	7,198	$1,215,022
MDLZ	Mondelez International, Inc.	+342	23,123	$1,618,610
ADBE	Adobe Inc.	+204	3,494	$1,763,072
AZO	Autozone Inc	+58	550	$1,733,407
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
MAT	Mattel Inc /De/	−37,245	8,967	$177,636
JBLU	Jetblue Airways Corp	−21,069	40,581	$301,111
MPT	Medical Properties Trust Inc	−18,057	34,779	$163,461
NWL	Newell Brands Inc.	−11,488	22,126	$177,671
MQ	Marqeta, Inc.	−11,393	21,945	$130,792
HR	Healthcare Realty Trust Inc	−10,521	20,265	$286,749
ELAN	Elanco Animal Health Inc	−10,124	19,500	$317,460
AAPL	Apple Inc.	−9,994	39,685	$6,805,183
AAL	American Airlines Group Inc.	−9,719	18,721	$287,367
APG	APi Group Corp	−9,355	34,507	$903,393
HOOD	Robinhood Markets, Inc.	−9,213	17,744	$357,186
AMZN	Amazon Com Inc	−8,808	34,787	$6,274,879
IVZ	Invesco Ltd.	−8,607	16,580	$275,062
NLY	Annaly Capital Management Inc	−8,506	16,382	$322,561
NWSA	News Corp	−8,167	15,731	$411,837
FHN	First Horizon Corp	−8,045	15,495	$238,623
NCLH	Norwegian Cruise Line Holdings Ltd.	−7,957	15,326	$320,773
KIM	Kimco Realty Corp	−7,307	14,073	$275,971
JPM	Jpmorgan Chase & Co	−7,132	16,351	$3,275,105
VFC	V F Corp	−6,998	13,480	$206,783
HOMB	Home Bancshares Inc	−6,662	12,833	$315,306
PATH	UiPath, Inc.	−6,638	12,786	$289,858
MSFT	Microsoft Corp	−6,546	24,357	$10,247,477
LYFT	Lyft, Inc.	−6,394	12,316	$238,314
CLF	Cleveland-Cliffs Inc.	−6,392	12,313	$279,997
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
META	Meta Platforms, Inc.	8,538	$4,145,882
SHW	Sherwin Williams Co	2,879	$999,963
CRH	Crh Public Ltd Co	8,464	$730,104
AVGO	Broadcom Inc.	2,139	$283,505
NXT	Nextpower Inc.	1,668	$93,858
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
ADI	Analog Devices Inc	6,365	$1,263,834
ON	On Semiconductor Corp	13,607	$1,136,592
JCI	Johnson Controls International plc	15,355	$885,062
TCOM	Trip.com Group Ltd	10,292	$370,614
NFLX	Netflix Inc	3,817	$185,842
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

292 positions · $185,627,484 total · as of Mar 31, 2024

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 292 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	24,357	-6,546	$10,247,477	−11.8%	5.52%
AAPL	Apple Inc. Technology	Reduced	39,685	-9,994	$6,805,183	−28.9%	3.67%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	34,787	-8,808	$6,274,879	−5.3%	3.38%
GOOGL	Alphabet Inc. Communication Services	Reduced	31,227	-4,580	$4,713,091	−5.8%	2.54%
META	Meta Platforms, Inc. Communication Services	NEW	8,538	NEW	$4,145,882	NEW	2.23%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	16,351	-7,132	$3,275,105	−18.0%	1.76%
LLY	ELI LILLY & Co Healthcare	Reduced	3,721	-672	$2,894,789	+13.0%	1.56%
V	Visa Inc. Financial Services	Reduced	9,235	-1,668	$2,577,303	−9.2%	1.39%
MA	Mastercard Inc Financial Services	Reduced	5,229	-945	$2,518,129	−4.4%	1.36%
UNH	Unitedhealth Group Inc Healthcare	Reduced	4,749	-411	$2,349,330	−13.5%	1.27%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	14,081	-515	$2,284,642	+6.8%	1.23%
MRK	Merck & Co., Inc. Healthcare	Reduced	16,284	-2,943	$2,148,673	+2.5%	1.16%
JNJ	Johnson & Johnson Healthcare	Reduced	13,076	-2,362	$2,068,492	−14.5%	1.11%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	3,456	-625	$2,008,661	−7.3%	1.08%
WMT	Walmart Inc. Consumer Defensive	Added	33,168	+20,114	$1,995,718	+190.9%	1.08%
KO	Coca Cola Co Consumer Defensive	Reduced	30,436	-5,499	$1,862,074	−12.1%	1.00%
AMD	Advanced Micro Devices Inc Technology	Reduced	10,107	-3,230	$1,824,212	−7.2%	0.98%
ACN	Accenture plc Technology	Reduced	5,202	-1,063	$1,803,065	−18.0%	0.97%
AMAT	Applied Materials Inc /De Technology	Reduced	8,730	-1,578	$1,800,387	+7.8%	0.97%
ADBE	Adobe Inc. Technology	Added	3,494	+204	$1,763,072	−10.2%	0.95%
AZO	Autozone Inc Consumer Cyclical	Added	550	+58	$1,733,407	+36.3%	0.93%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	23,123	+342	$1,618,610	−1.9%	0.87%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	6,336	-1,145	$1,613,969	−3.1%	0.87%
ORCL	Oracle Corp Technology	Reduced	12,644	-2,276	$1,588,212	+1.0%	0.86%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	11,229	-2,028	$1,543,201	−9.4%	0.83%
CB	Chubb Ltd Financial Services	Reduced	5,926	-1,071	$1,535,604	−2.9%	0.83%
LIN	Linde PLC Basic Materials	Reduced	3,300	-596	$1,532,256	−4.2%	0.83%
GDDY	GoDaddy Inc. Technology	Reduced	12,493	-3,473	$1,482,669	−12.5%	0.80%
INTU	Intuit Inc. Technology	Reduced	2,232	-404	$1,450,800	−11.9%	0.78%
PH	Parker-Hannifin Corp Industrials	Reduced	2,584	-56	$1,436,161	+18.1%	0.77%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Reduced	3,375	-610	$1,410,783	−13.0%	0.76%
HWM	Howmet Aerospace Inc. Industrials	Reduced	20,566	-3,716	$1,407,331	+7.1%	0.76%
ROP	Roper Technologies Inc Technology	Reduced	2,425	-438	$1,360,037	−12.9%	0.73%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	5,437	-983	$1,359,467	−5.8%	0.73%
MCK	Mckesson Corp Healthcare	Reduced	2,508	-453	$1,346,419	−1.8%	0.73%
SPGI	S&P Global Inc. Financial Services	Reduced	3,162	-571	$1,345,272	−18.2%	0.72%
PWR	Quanta Services, Inc. Industrials	Reduced	5,173	-906	$1,343,945	+2.4%	0.72%
ACM	Aecom Industrials	Added	13,665	+3,714	$1,340,263	+45.7%	0.72%
ELV	Elevance Health, Inc. Healthcare	Reduced	2,567	-464	$1,331,092	−6.9%	0.72%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	13,074	-3,820	$1,325,965	−16.3%	0.71%
PLD	Prologis, Inc. Real Estate	Reduced	9,577	-1,731	$1,247,116	−17.3%	0.67%
FSLR	First Solar, Inc. Technology	Added	7,198	+342	$1,215,022	+2.9%	0.65%
RSG	Republic Services, Inc. Industrials	Reduced	6,256	-1,130	$1,197,648	−1.7%	0.65%
USFD	US Foods Holding Corp. Consumer Defensive	Reduced	22,094	-5,863	$1,192,413	−6.1%	0.64%
WH	Wyndham Hotels & Resorts, Inc. Consumer Cyclical	Reduced	15,125	-3,729	$1,160,843	−23.4%	0.63%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	3,414	-649	$1,138,671	+3.5%	0.61%
LKQ	Lkq Corp Consumer Cyclical	Added	20,662	+4,326	$1,103,557	+41.4%	0.59%
CVS	CVS HEALTH Corp Healthcare	Reduced	13,664	-2,469	$1,089,840	−14.4%	0.59%
SCI	Service Corp International Consumer Cyclical	Reduced	14,621	-3,797	$1,085,024	−13.9%	0.58%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	710	-128	$1,073,491	−18.5%	0.58%