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
TTEK	Tetra Tech Inc Industrials	Reduced	1,498	-778	$55,339	−27.2%	0.03%
CALX	Calix, Inc Technology	Reduced	2,145	-1,113	$71,128	−50.0%	0.04%
GME	GameStop Corp. Consumer Cyclical	Reduced	6,899	-3,581	$86,375	−53.0%	0.05%
ALGM	Allegro Microsystems, Inc. Technology	Reduced	3,271	-1,698	$88,186	−41.4%	0.05%
DECK	Deckers Outdoor Corp Consumer Cyclical	Reduced	567	-295	$88,949	−7.4%	0.05%
NXT	Nextpower Inc. Technology	NEW	1,668	NEW	$93,858	NEW	0.05%
FOXF	Fox Factory Holding Corp Consumer Cyclical	Reduced	1,824	-948	$94,975	−49.2%	0.05%
ADNT	Adient plc Consumer Cyclical	Reduced	3,750	-1,947	$123,450	−40.4%	0.07%
FLYW	Flywire Corp Technology	Reduced	5,008	-2,600	$124,248	−29.5%	0.07%
MQ	Marqeta, Inc. Technology	Reduced	21,945	-11,393	$130,792	−43.8%	0.07%
POWI	Power Integrations Inc Technology	Reduced	2,042	-1,060	$146,105	−42.6%	0.08%
TXG	10x Genomics, Inc. Healthcare	Reduced	3,993	-2,073	$149,857	−55.9%	0.08%
HRB	H&R Block Inc Consumer Cyclical	Reduced	3,055	-1,585	$150,031	−33.2%	0.08%
BBIO	BridgeBio Pharma, Inc. Healthcare	Reduced	4,886	-2,537	$151,075	−49.6%	0.08%
DBX	Dropbox, Inc. Technology	Reduced	6,259	-3,249	$152,093	−45.7%	0.08%
GTLB	Gitlab Inc. Technology	Reduced	2,675	-1,388	$156,006	−39.0%	0.08%
MNSO	MINISO Group Holding Ltd Consumer Cyclical	Reduced	7,640	-3,681	$156,620	−32.2%	0.08%
RGLD	Royal Gold Inc Basic Materials	Reduced	1,291	-670	$157,256	−33.7%	0.08%
GTM	ZoomInfo Technologies Inc. Technology	Reduced	9,854	-5,117	$157,959	−42.9%	0.09%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	Reduced	2,697	-1,400	$158,529	−35.4%	0.09%
MPT	Medical Properties Trust Inc Real Estate	Reduced	34,779	-18,057	$163,461	−37.0%	0.09%
OLED	Universal Display Corp \Pa\ Technology	Reduced	979	-508	$164,912	−42.0%	0.09%
WEN	Wendy's Co Consumer Cyclical	Reduced	8,780	-4,558	$165,415	−36.3%	0.09%
FIVN	Five9, Inc. Technology	Reduced	2,671	-1,386	$165,895	−48.0%	0.09%
ALKS	Alkermes plc. Healthcare	Reduced	6,284	-3,262	$170,107	−35.8%	0.09%
FRT	Federal Realty Investment Trust Real Estate	Reduced	1,680	-872	$171,561	−34.8%	0.09%
BILL	BILL Holdings, Inc. Technology	Reduced	2,517	-1,306	$172,968	−44.5%	0.09%
GTLS	Chart Industries Inc Industrials	Reduced	1,051	-545	$173,120	−20.4%	0.09%
ACHC	Acadia Healthcare Company, Inc. Healthcare	Reduced	2,239	-1,162	$177,373	−32.9%	0.10%
MAT	Mattel Inc /De/ Consumer Cyclical	Reduced	8,967	-37,245	$177,636	−79.6%	0.10%
NWL	Newell Brands Inc. Consumer Defensive	Reduced	22,126	-11,488	$177,671	−39.1%	0.10%
CACC	Credit Acceptance Corp Financial Services	Reduced	323	-167	$178,150	−31.8%	0.10%
AZTA	Azenta, Inc. Healthcare	Reduced	3,014	-1,565	$181,683	−39.1%	0.10%
PII	Polaris Inc. Consumer Cyclical	Reduced	1,853	-962	$185,522	−30.5%	0.10%
W	Wayfair Inc. Consumer Cyclical	Reduced	2,734	-1,419	$185,583	−27.6%	0.10%
AA	Alcoa Corp Basic Materials	Reduced	5,512	-2,861	$186,250	−34.6%	0.10%
HQY	Healthequity, Inc. Healthcare	Reduced	2,308	-1,199	$188,402	−19.0%	0.10%
IAC	IAC Inc. Communication Services	Reduced	4,341	-2,254	$189,950	−33.0%	0.10%
NEOG	Neogen Corp Healthcare	Reduced	12,047	-6,255	$190,101	−48.3%	0.10%
PLNT	Planet Fitness, Inc. Consumer Cyclical	Reduced	3,044	-1,580	$190,645	−43.5%	0.10%
VMI	Valmont Industries Inc Industrials	Reduced	847	-439	$193,353	−35.6%	0.10%
PFSI	PennyMac Financial Services, Inc. Financial Services	Reduced	2,124	-1,103	$193,475	−32.2%	0.10%
COLD	Americold Realty Trust Real Estate	Reduced	7,785	-4,042	$194,002	−45.8%	0.10%
SLAB	Silicon Laboratories Inc. Technology	Reduced	1,355	-704	$194,740	−28.5%	0.10%
GATX	Gatx Corp Industrials	Reduced	1,455	-756	$195,013	−26.6%	0.11%
PRGO	PERRIGO Co plc Healthcare	Reduced	6,061	-3,146	$195,103	−34.1%	0.11%
KD	Kyndryl Holdings, Inc. Technology	Reduced	9,160	-4,755	$199,321	−31.1%	0.11%
CIEN	Ciena Corp Technology	Reduced	4,034	-2,094	$199,481	−27.7%	0.11%
QFIN	Qfin Holdings, Inc. Financial Services	Added	10,828	+1,353	$199,560	+33.1%	0.11%
GPK	Graphic Packaging Holding Co Consumer Cyclical	Reduced	6,848	-3,555	$199,824	−22.1%	0.11%