Springhouse Capital Management, LP

CIK

1660086

Location

WESTPORT, CT

Portfolio Value

Micro $32,381,150

Diversification

Diversified

Filing Date

Global Rank

#5,877 / 6,898 ▼ 200 · as of Sep 2023

Top Industry

Banks - Diversified 28.7%

3Y Alpha vs SPY

+14.5%

Period ended 2 years ago

Filed Nov 14, 2023 · 2y

15 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

+145.1%

SPY

+76.5%

Annualised alpha

+14.0%

Max drawdown

−23.5%

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

17 positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

27.2%

+4.2 pts

Top 5

75.2%

+0.4 pts

Top 10

92.7%

−0.9 pts

HHI

1,497

Diversified+163

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Financial Services	45.6%	$14,779,568	4
Consumer Defensive	21.5%	$6,950,451	3
Consumer Cyclical	19.4%	$6,293,421	5
Energy	8.0%	$2,583,774	2
Communication Services	3.3%	$1,083,736	2
Healthcare	2.1%	$690,200	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
REAL	TheRealReal, Inc.	−727,179	171,146	$361,118
GBLI	Global Indemnity Group, LLC	−38,288	101,622	$3,490,715
GEL	Genesis Energy LP	−34,814	103,948	$1,072,743
BUR	Burford Capital Ltd	−16,665	142,147	$1,990,058
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
AMC	Amc Entertainment Holdings, Inc.	70,000	$559,300
SKIN	SkinHealth Systems Inc.	48,118	$289,670
PRPL	Purple Innovation, Inc.	25,623	$43,815
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
SPNT	SiriusPoint Ltd	663,336	$5,989,924
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

17 positions · $32,381,150 total · as of Sep 30, 2023

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
C	Citigroup Inc Financial Services	Held	213,797	0	$8,793,470	−10.7%	27.16%
WILC	G Willi Food International Ltd Consumer Defensive	Held	635,654	0	$6,572,662	−15.7%	20.30%
EXPE	Expedia Group, Inc. Consumer Cyclical	Held	34,000	0	$3,504,380	−5.8%	10.82%
GBLI	Global Indemnity Group, LLC Financial Services	Reduced	101,622	-38,288	$3,490,715	−25.7%	10.78%
BUR	Burford Capital Ltd Financial Services	Reduced	142,147	-16,665	$1,990,058	+2.9%	6.15%
ET	Energy Transfer LP Energy	Held	107,700	0	$1,511,031	+10.5%	4.67%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	17,000	0	$1,474,580	+4.1%	4.55%
GEL	Genesis Energy LP Energy	Reduced	103,948	-34,814	$1,072,743	−19.0%	3.31%
VIPS	Vipshop Holdings Ltd Consumer Cyclical	Held	56,810	0	$909,528	−3.0%	2.81%
VTRS	Viatris Inc Healthcare	Held	70,000	0	$690,200	−1.2%	2.13%
AMC	Amc Entertainment Holdings, Inc. Communication Services	NEW	70,000	NEW	$559,300	NEW	1.73%
TME	Tencent Music Entertainment Group Communication Services	Held	82,200	0	$524,436	−13.6%	1.62%
UBS	UBS Group AG Financial Services	Held	20,500	0	$505,325	+21.6%	1.56%
REAL	TheRealReal, Inc. Consumer Cyclical	Reduced	171,146	-727,179	$361,118	−81.9%	1.12%
SKIN	SkinHealth Systems Inc. Consumer Defensive	NEW	48,118	NEW	$289,670	NEW	0.89%
FARM	FARMER BROTHERS CO Consumer Defensive	Held	34,155	0	$88,119	−6.9%	0.27%
PRPL	Purple Innovation, Inc. Consumer Cyclical	NEW	25,623	NEW	$43,815	NEW	0.14%