Spouting Rock Asset Management, LLC

CIK

1771174

Location

Bryn Mawr, PA

Portfolio Value

Small $272,283,445

Diversification

Diversified

Filing Date

Global Rank

#4,087 / 7,461 ▼ 565 · as of Dec 2023

Top Industry

Credit Services 8.8%

Period ended 2 years ago

Filed Feb 16, 2024 · 2y

16 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 Dec 31, 2023, never from the firm's own description.

Style

Diversified active

Top 10 weight 57.1%, 24.6 effective positions, active share 72.9% against the S&P 500 as of 2023-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

30.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.6 quarters, but 15.7% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2023-12-31, active share 72.9%; sector active share 17.9% against the combined 13F book's sector weights.

Over time 16 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.

View clone backtest

Portfolio Concentration

117 tracked positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023

Top Position

8.3%

−0.2 pts

Top 5

38.6%

−0.8 pts

Top 10

57.1%

+1.5 pts

HHI

407

Diversified+3

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	22.3%	$60,822,991	22
Healthcare	18.2%	$49,528,162	19
Consumer Cyclical	17.1%	$46,451,855	12
Financial Services	11.7%	$31,919,501	10
Communication Services	9.0%	$24,600,906	7
Industrials	8.3%	$22,656,920	15
Real Estate	4.3%	$11,796,645	9
Consumer Defensive	3.1%	$8,522,661	4
Unclassified	3.0%	$8,206,921	10
Energy	2.5%	$6,765,688	8
Basic Materials	0.4%	$1,011,195	1

Last Quarter's Activity

Export CSV

Dec 31, 2023 vs Sep 30, 2023

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ALTG	Alta Equipment Group Inc.	+26,392	112,445	$1,390,944
—		+11,105	81,833	$980,359
—		+8,387	50,517	$0
HASI	HA Sustainable Infrastructure Capital, Inc.	+4,779	44,530	$1,228,137
TDOC	Teladoc Health, Inc.	+4,660	39,100	$842,605
HWC	Hancock Whitney Corp	+3,346	24,444	$1,187,733
PAYS	Paysign, Inc.	+3,064	41,231	$115,446
TTI	Tetra Technologies Inc	+2,897	30,943	$139,862
DXCM	Dexcom Inc	+2,638	7,978	$989,990
—		+1,317	11,176	$1,241,877
ENPH	Enphase Energy, Inc.	+1,263	5,239	$692,281
ADBE	Adobe Inc.	+1,199	19,137	$11,417,134
TENB	Tenable Holdings, Inc.	+1,139	30,884	$1,422,517
—		+978	17,966	$1,182,522
MU	Micron Technology Inc	+866	4,193	$357,830
TREX	Trex Co Inc	+585	5,351	$443,009
—		+567	11,454	$847,367
PH	Parker-Hannifin Corp	+425	19,551	$9,007,145
TMO	Thermo Fisher Scientific Inc.	+360	5,592	$2,968,177
AIRS	Airsculpt Technologies, Inc.	+262	15,896	$119,061
INDI	indie Semiconductor, Inc.	+225	14,358	$116,443
HLMN	Hillman Solutions Corp.	+200	12,309	$113,365
JBI	Janus International Group, Inc.	+199	12,635	$164,886
NVTS	Navitas Semiconductor Corp	+196	12,321	$99,430
ASUR	Asure Software Inc	+164	10,505	$100,007
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOG	Alphabet Inc.	−43,687	116,353	$16,397,628
FND	Floor & Decor Holdings, Inc.	−37,329	99,755	$11,128,667
AMZN	Amazon Com Inc	−27,411	148,250	$22,525,105
NVDA	Nvidia Corp	−18,174	41,618	$20,610,065
MA	Mastercard Inc	−13,325	51,966	$22,164,018
IMAX	Imax Corp	−12,564	19,787	$297,200
AAPL	Apple Inc.	−11,283	38,885	$7,486,529
UNH	Unitedhealth Group Inc	−9,404	34,126	$17,966,315
HWM	Howmet Aerospace Inc.	−8,046	15,042	$814,073
ISRG	Intuitive Surgical Inc	−8,025	33,822	$11,410,189
ABT	Abbott Laboratories	−7,712	40,779	$4,488,544
RH	Rh	−7,535	3,620	$1,055,157
BRO	Brown & Brown, Inc.	−7,071	9,290	$660,611
GPRE	Green Plains Inc.	−5,776	40,095	$1,011,195
LGND	Ligand Pharmaceuticals Inc	−5,774	3,445	$246,041
—		−5,756	58,212	$340,540
CVX	Chevron Corp	−4,000	3,922	$585,005
DHR	Danaher Corp	−3,686	15,229	$3,523,076
CRC	California Resources Corp	−3,609	29,648	$1,621,152
COST	Costco Wholesale Corp	−3,278	9,484	$6,260,198
CASK	Mgp Ingredients Inc	−3,200	12,006	$1,182,831
EPR	Epr Properties	−2,915	17,271	$836,779
AXON	Axon Enterprise, Inc.	−2,612	11,958	$3,089,110
TELA	TELA Bio, Inc.	−2,602	18,895	$125,084
DPZ	Dominos Pizza Inc	−2,430	14,065	$5,798,014
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
AMD	Advanced Micro Devices Inc	5,908	$870,898
MS	Morgan Stanley	7,236	$674,757
FSLR	First Solar, Inc.	3,363	$579,377
STWD	Starwood Property Trust, Inc.	27,425	$576,473
NNN	Nnn REIT, Inc.	12,780	$550,818
TOL	Toll Brothers, Inc.	4,618	$474,684
TTWO	Take Two Interactive Software Inc	2,944	$473,836
BAC	Bank Of America Corp	12,635	$425,420
CALY	Callaway Golf Co	28,742	$412,160
NXE	NexGen Energy Ltd.	54,217	$379,519
FANG	Diamondback Energy, Inc.	2,094	$324,737
WELL	Welltower Inc.	3,000	$270,510
IWO	iShares Russell 2000 Growth ETF	1,038	$261,804
SPGI	S&P Global Inc.	565	$248,893
CPRT	Copart Inc	4,531	$222,019
MCK	Mckesson Corp	446	$206,489
—		19,707	$107,797
ADMA	Adma Biologics, Inc.	18,399	$83,163
—		36,632	$53,116
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DIS	Walt Disney Co	95,669	$7,753,972
MTCH	Match Group, Inc.	61,951	$2,426,930
MDB	MongoDB, Inc.	2,880	$996,076
AQN	Algonquin Power & Utilities Corp.	139,650	$826,728
NEE	Nextera Energy Inc	12,802	$733,426
—		4,092	$692,039
ELAN	Elanco Animal Health Inc	55,873	$628,012
RCL	Royal Caribbean Cruises Ltd	6,510	$599,831
AVGO	Broadcom Inc.	612	$508,314
SLB	Slb Limited	8,597	$501,205
—		3,360	$491,400
ROST	Ross Stores, Inc.	4,310	$486,814
PEP	Pepsico Inc	2,836	$480,531
GTLB	Gitlab Inc.	10,568	$477,884
DE	Deere & Co	1,252	$472,479
BA	Boeing Co	2,453	$470,191
IOT	Samsara Inc.	18,609	$469,132
—		6,756	$441,842
AFRM	Affirm Holdings, Inc.	20,198	$429,611
GLD	Spdr Gold Trust	2,500	$428,625
ORLY	O Reilly Automotive Inc	461	$418,984
INTA	Intapp, Inc.	11,327	$379,681
—		9,054	$366,325
PCTY	Paylocity Holding Corp	2,008	$364,853
PINS	Pinterest, Inc.	13,307	$359,688
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

117 tracked positions · $272,283,445 total · filing declares 118 positions · $273,218,906 · as of Dec 31, 2023

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

Showing 1–50 of 117 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	148,250	-27,411	$22,525,105	+0.9%	7	unpriced	8.27%
MA	Mastercard Inc Financial Services	Reduced	51,966	-13,325	$22,164,018	−14.3%	16+	before history	8.14%
NVDA	Nvidia Corp Technology	Reduced	41,618	-18,174	$20,610,065	−20.8%	4	$292.92	7.57%
UNH	Unitedhealth Group Inc Healthcare	Reduced	34,126	-9,404	$17,966,315	−18.1%	7	$487.20	6.60%
GOOG	Alphabet Inc. Communication Services	Reduced	116,353	-43,687	$16,397,628	−22.3%	7	unpriced	6.02%
ADBE	Adobe Inc. Technology	Added	19,137	+1,199	$11,417,134	+24.8%	5	$368.66	4.19%
ISRG	Intuitive Surgical Inc Healthcare	Reduced	33,822	-8,025	$11,410,189	−6.7%	4	$266.25	4.19%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Reduced	99,755	-37,329	$11,128,667	−10.3%	7	$92.62	4.09%
PH	Parker-Hannifin Corp Industrials	Added	19,551	+425	$9,007,145	+20.9%	4	$348.96	3.31%
AAPL	Apple Inc. Technology	Reduced	38,885	-11,283	$7,486,529	−12.8%	16+	before history	2.75%
COST	Costco Wholesale Corp Consumer Defensive	Reduced	9,484	-3,278	$6,260,198	−13.2%	7	$519.27	2.30%
DPZ	Dominos Pizza Inc Consumer Cyclical	Reduced	14,065	-2,430	$5,798,014	−7.2%	4	$356.20	2.13%
MSFT	Microsoft Corp Technology	Reduced	14,752	-73	$5,547,342	+18.5%	16+	before history	2.04%
GOOGL	Alphabet Inc. Communication Services	Reduced	38,518	-364	$5,380,579	+5.7%	7	$116.75	1.98%
ABT	Abbott Laboratories Healthcare	Reduced	40,779	-7,712	$4,488,544	−4.4%	4	$105.38	1.65%
CCI	Crown Castle Inc. Real Estate	Held	38,727	0	$4,460,963	+25.2%	16+	before history	1.64%
DHR	Danaher Corp Healthcare	Reduced	15,229	-3,686	$3,523,076	−24.9%	7	unpriced	1.29%
AXON	Axon Enterprise, Inc. Industrials	Reduced	11,958	-2,612	$3,089,110	+6.5%	7	$110.02	1.13%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	5,592	+360	$2,968,177	+12.1%	4	$542.08	1.09%
MSCI	MSCI Inc. Financial Services	Reduced	5,078	-1,713	$2,872,370	−17.6%	4	$527.28	1.05%
AMLP	Alerian MLP ETF	Reduced	53,255	-663	$2,264,402	−0.5%	8	unpriced	0.83%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Held	20,450	0	$2,250,727	+32.2%	9	$87.21	0.83%
HUBS	Hubspot Inc Technology	Reduced	3,677	-1,121	$2,134,645	−9.7%	7	$360.54	0.78%
RPD	Rapid7, Inc. Technology	Held	35,361	0	$2,019,113	+24.7%	5	$36.90	0.74%
ADP	Automatic Data Processing Inc Technology	Reduced	8,237	-740	$1,918,973	−11.1%	4	$226.66	0.70%
PLD	Prologis, Inc. Real Estate	Held	12,973	0	$1,729,300	+18.8%	16+	before history	0.64%
CRC	California Resources Corp Energy	Reduced	29,648	-3,609	$1,621,152	−13.0%	10	$34.56	0.60%
LLY	ELI LILLY & Co Healthcare	Held	2,681	0	$1,562,808	+8.5%	7	$345.85	0.57%
FCN	Fti Consulting, Inc Industrials	Held	7,440	0	$1,481,676	+11.6%	13	$113.55	0.54%
MEDP	Medpace Holdings, Inc. Healthcare	Held	4,813	0	$1,475,328	+26.6%	13	$126.58	0.54%
AME	Ametek Inc Industrials	Reduced	8,826	-24	$1,455,319	+11.3%	7	$121.54	0.53%
TENB	Tenable Holdings, Inc. Technology	Added	30,884	+1,139	$1,422,517	+6.7%	11	$41.08	0.52%
ROCK	Gibraltar Industries, Inc. Industrials	Held	17,935	0	$1,416,506	+17.0%	13	$65.12	0.52%
ALTG	Alta Equipment Group Inc. Industrials	Added	112,445	+26,392	$1,390,944	+34.0%	7	$14.81	0.51%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	3,875	0	$1,382,057	+1.8%	7	$313.06	0.51%
XOM	ExxonMobil Holdings Corp Energy	Held	13,739	0	$1,373,625	−15.0%	8	$82.93	0.50%
GTN	Gray Media, Inc Communication Services	Held	151,815	0	$1,360,262	+29.5%	10	$19.52	0.50%
MMYT	MakeMyTrip Ltd Consumer Cyclical	Held	28,843	0	$1,355,044	+15.9%	10	$27.03	0.50%
WCN	Waste Connections, Inc. Industrials	Held	8,691	0	$1,297,305	+11.1%	7	$129.65	0.48%
WFRD	Weatherford International plc Energy	Reduced	12,711	-44	$1,243,517	+7.9%	5	$57.87	0.46%
		Added	11,176	+1,317	$1,241,877	+30.9%	13	unpriced	0.46%
SAH	Sonic Automotive Inc Consumer Cyclical	Held	21,981	0	$1,235,552	+17.7%	10	$50.59	0.45%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	Added	44,530	+4,779	$1,228,137	+45.7%	13	$43.28	0.45%
PZZA	Papa Johns International Inc Consumer Cyclical	Held	15,636	0	$1,191,932	+11.7%	5	$79.99	0.44%
HWC	Hancock Whitney Corp Financial Services	Added	24,444	+3,346	$1,187,733	+52.2%	8	$51.80	0.44%
CASK	Mgp Ingredients Inc Consumer Defensive	Reduced	12,006	-3,200	$1,182,831	−26.3%	13	unpriced	0.43%
		Added	17,966	+978	$1,182,522	+20.3%	13	unpriced	0.43%
SMCI	Super Micro Computer, Inc. Technology	Reduced	4,059	-1,015	$1,153,811	−17.1%	4	$110.66	0.42%
TALO	Talos Energy Inc. Energy	Held	77,180	0	$1,098,271	−13.4%	7	$17.86	0.40%
V	Visa Inc. Financial Services	Reduced	4,131	-15	$1,075,505	+12.8%	2	$240.37	0.39%

Showing the top 50 of 117 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.