North Fourth Asset Management, LP

CIK

1715329

Location

NEW YORK, NY

Portfolio Value

Small $148,512,970

Diversification

Diversified

Filing Date

Global Rank

#3,756 / 6,900 ▼ 875 · as of Sep 2023

Top Industry

Restaurants 17.3%

3Y Alpha vs SPY

-18.9%

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

+4.7%

SPY

+76.0%

Annualised alpha

-19.2%

Max drawdown

−24.7%

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

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

Top Position

19.3%

+4.9 pts

Top 5

44.5%

+7.4 pts

Top 10

65.5%

+10.3 pts

HHI

710

Diversified+240

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Consumer Cyclical	43.5%	$64,550,877	19
Unclassified	27.9%	$41,486,000	2
Technology	11.1%	$16,429,572	4
Basic Materials	8.3%	$12,273,969	2
Communication Services	4.0%	$6,004,200	1
Industrials	3.4%	$5,123,352	1
Consumer Defensive	1.8%	$2,645,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
M	Macy's, Inc.	+280,000	330,000	$3,831,300
URBN	Urban Outfitters Inc	+65,709	75,709	$2,474,927
QQQ	Invesco Qqq Trust, Series 1	+50,000	80,000	$28,661,600
MSFT	Microsoft Corp	+11,200	20,000	$6,315,000
No positions match the current search.

Trimmed

Positions the filer reduced

10 positions

Ticker	Company	Δ Shares	Shares	Value
INVZ	Innoviz Technologies Ltd.	−2,139,616	450,000	$877,500
CCL	Carnival Corp Ltd.	−250,000	50,000	$686,000
NKE	NIKE, Inc.	−100,750	50,000	$4,781,000
AMZN	Amazon Com Inc	−58,100	58,000	$7,372,960
SPY	Spdr S&P 500 ETF Trust	−55,000	30,000	$12,824,400
DG	Dollar General Corp	−41,000	25,000	$2,645,000
LVS	Las Vegas Sands Corp	−40,629	40,000	$1,833,600
WYNN	Wynn Resorts Ltd	−25,985	41,000	$3,788,810
RL	Ralph Lauren Corp	−15,000	5,000	$580,450
MSC	STUDIO CITY INTERNATIONAL HOLDINGS Ltd	−1,501	25,737	$129,457
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
SHW	Sherwin Williams Co	34,500	$8,799,225
LULU	lululemon athletica inc.	21,000	$8,097,810
ZBRA	Zebra Technologies Corp	32,400	$7,663,572
DPZ	Dominos Pizza Inc	16,950	$6,420,490
META	Meta Platforms, Inc.	20,000	$6,004,200
FDX	Fedex Corp	24,000	$5,123,352
SBUX	Starbucks Corp	55,000	$5,019,850
RCL	Royal Caribbean Cruises Ltd	49,200	$4,533,288
ASO	Academy Sports & Outdoors, Inc.	89,978	$4,253,260
MCD	Mcdonalds Corp	16,000	$4,215,040
VMC	Vulcan Materials CO	17,200	$3,474,744
SHAK	Shake Shack Inc.	49,970	$2,901,757
AEO	American Eagle Outfitters Inc	130,172	$2,162,156
ACN	Accenture plc	6,000	$1,842,660
CRM	Salesforce, Inc.	3,000	$608,340
REAL	TheRealReal, Inc.	280,200	$591,222
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
RH	Rh	43,000	$14,172,370
TSLA	Tesla, Inc.	52,500	$13,742,925
BBBY	Bed Bath & Beyond, Inc.	270,000	$8,793,900
SNOW	Snowflake Inc.	49,000	$8,623,020
THO	Thor Industries Inc	74,000	$7,659,000
TGT	Target Corp	50,000	$6,595,000
EL	Estee Lauder Companies Inc	32,000	$6,284,160
NVT	nVent Electric plc	82,000	$4,236,940
CZR	Caesars Entertainment, Inc.	79,975	$4,076,325
ETN	Eaton Corp plc	20,000	$4,022,000
HUBS	Hubspot Inc	7,000	$3,724,630
ADBE	Adobe Inc.	7,600	$3,716,324
MDLZ	Mondelez International, Inc.	48,000	$3,501,120
MLCO	Melco Resorts & Entertainment LTD	274,786	$3,355,137
ACI	Albertsons Companies, Inc.	145,070	$3,165,427
BURL	Burlington Stores, Inc.	20,000	$3,147,800
ROST	Ross Stores, Inc.	27,984	$3,137,845
PVH	Pvh Corp. /De/	35,345	$3,003,264
KSS	KOHLS Corp	130,000	$2,996,500
DAL	Delta Air Lines, Inc.	60,000	$2,852,400
SLG	Sl Green Realty Corp	90,000	$2,704,500
PPG	Ppg Industries Inc	15,989	$2,371,168
WMT	Walmart Inc.	36,000	$1,886,158
BOOT	Boot Barn Holdings, Inc.	21,337	$1,807,030
AAP	Advance Auto Parts Inc	25,000	$1,757,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 positions · $148,512,970 total · as of Sep 30, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	80,000	+50,000	$28,661,600	+158.6%	19.30%
SPY	Spdr S&P 500 ETF Trust	Reduced	30,000	-55,000	$12,824,400	−66.0%	8.64%
SHW	Sherwin Williams Co Basic Materials	NEW	34,500	NEW	$8,799,225	NEW	5.92%
LULU	lululemon athletica inc. Consumer Cyclical	NEW	21,000	NEW	$8,097,810	NEW	5.45%
ZBRA	Zebra Technologies Corp Technology	NEW	32,400	NEW	$7,663,572	NEW	5.16%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	58,000	-58,100	$7,372,960	−51.3%	4.96%
DPZ	Dominos Pizza Inc Consumer Cyclical	NEW	16,950	NEW	$6,420,490	NEW	4.32%
MSFT	Microsoft Corp Technology	Added	20,000	+11,200	$6,315,000	+110.7%	4.25%
META	Meta Platforms, Inc. Communication Services	NEW	20,000	NEW	$6,004,200	NEW	4.04%
FDX	Fedex Corp Industrials	NEW	24,000	NEW	$5,123,352	NEW	3.45%
SBUX	Starbucks Corp Consumer Cyclical	NEW	55,000	NEW	$5,019,850	NEW	3.38%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	50,000	-100,750	$4,781,000	−71.3%	3.22%
RCL	Royal Caribbean Cruises Ltd Consumer Cyclical	NEW	49,200	NEW	$4,533,288	NEW	3.05%
ASO	Academy Sports & Outdoors, Inc. Consumer Cyclical	NEW	89,978	NEW	$4,253,260	NEW	2.86%
MCD	Mcdonalds Corp Consumer Cyclical	NEW	16,000	NEW	$4,215,040	NEW	2.84%
M	Macy's, Inc. Consumer Cyclical	Added	330,000	+280,000	$3,831,300	+377.4%	2.58%
WYNN	Wynn Resorts Ltd Consumer Cyclical	Reduced	41,000	-25,985	$3,788,810	−46.4%	2.55%
VMC	Vulcan Materials CO Basic Materials	NEW	17,200	NEW	$3,474,744	NEW	2.34%
SHAK	Shake Shack Inc. Consumer Cyclical	NEW	49,970	NEW	$2,901,757	NEW	1.95%
DG	Dollar General Corp Consumer Defensive	Reduced	25,000	-41,000	$2,645,000	−76.4%	1.78%
URBN	Urban Outfitters Inc Consumer Cyclical	Added	75,709	+65,709	$2,474,927	+647.0%	1.67%
AEO	American Eagle Outfitters Inc Consumer Cyclical	NEW	130,172	NEW	$2,162,156	NEW	1.46%
ACN	Accenture plc Technology	NEW	6,000	NEW	$1,842,660	NEW	1.24%
LVS	Las Vegas Sands Corp Consumer Cyclical	Reduced	40,000	-40,629	$1,833,600	−60.8%	1.23%
INVZ	Innoviz Technologies Ltd. Consumer Cyclical	Reduced	450,000	-2,139,616	$877,500	−88.1%	0.59%
CCL	Carnival Corp Ltd. Consumer Cyclical	Reduced	50,000	-250,000	$686,000	−87.9%	0.46%
CRM	Salesforce, Inc. Technology	NEW	3,000	NEW	$608,340	NEW	0.41%
REAL	TheRealReal, Inc. Consumer Cyclical	NEW	280,200	NEW	$591,222	NEW	0.40%
RL	Ralph Lauren Corp Consumer Cyclical	Reduced	5,000	-15,000	$580,450	−76.5%	0.39%
MSC	STUDIO CITY INTERNATIONAL HOLDINGS Ltd Consumer Cyclical	Reduced	25,737	-1,501	$129,457	−31.5%	0.09%