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North Fourth Asset Management, LP

Location
NEW YORK, NY
Portfolio Value
Small $162,000,688
Diversification
Diversified
Filing Date
Global Rank
#5,036 / 7,036 ▼ 1235 · as of Sep 2023
Top Industry
Restaurants 17.1%
3Y Alpha vs SPY
+7.1%
Period ended 3 years ago
Filed Nov 14, 2023 · 2y
15 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type
Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style
Concentrated
The top 10 positions are 76.5% of the book (60%+)
Turnover
High turnover
237.3% over the last four quarters (100%+)
Horizon
Short horizon
Value-weighted holding period 1.4 quarters (under 4)

Closest benchmark: the Dow Jones Industrial Average as of 2023-10-31, active share 85.8%; sector active share 62.8% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

34 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023
Top Position
17.7%
+4.3 pts
Top 5
40.8%
+6.2 pts
Top 10
60.8%
+9.5 pts
HHI
627
Dec 2020 → Sep 2023 · range 317 – 1,438
Diversified+207

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023
Sector % Portfolio Value
Consumer Cyclical 39.8% $64,550,877
Unclassified 33.2% $53,738,991
Technology 10.1% $16,429,572
Basic Materials 7.6% $12,273,969
Industrials 3.9% $6,358,079
Communication Services 3.7% $6,004,200
Consumer Defensive 1.6% $2,645,000

Last Quarter's Activity

Export CSV
Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased
2 positions
Ticker Δ Shares Shares Value Open

Trimmed

Positions the filer reduced
4 positions
Ticker Δ Shares Shares Value Open

New Positions

Positions the filer opened this quarter
16 positions
Ticker Shares Value Open
— 42,723 $2,091,291
— 55,000 $936,650

Sold Out

Positions the filer fully exited
25 positions
Ticker Shares Value Open

Portfolio Positions

Export CSV View 13F filing
34 tracked positions · $162,000,688 total · filing declares 40 positions · $163,502,192 · as of Sep 30, 2023
Ticker Company Shares Value (USD) % of Portfolio History
CALL + SHARES
117,723 $5,762,541 3.56%
CALL
140,000 $5,553,800 3.43%
55,000 $936,650 0.58%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.