Greenspring Associates, LLC

CIK

1796458

Location

OWINGS MILLS, MD

Portfolio Value

Small $718,169,084

Diversification

Highly concentrated

Filing Date

Global Rank

#2,256 / 6,051 ▲ 3433 · as of Jun 2021

Top Industry

Industrial Distribution 63.3%

Period ended 5 years ago

Filed Aug 13, 2021 · 5y

6 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 Jun 30, 2021, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Medium turnover

31.6% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 1.3 quarters, but 6.3% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2021-06-30, active share 99.9%; sector active share 45.7% against the combined 13F book's sector weights.

Over time 6 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

11 tracked positions · as of Jun 30, 2021 · Δ vs Mar 31, 2021

Top Position

42.2%

−30.7 pts

Top 5

99.6%

−0.3 pts

Top 10

100.0%

−0.0 pts

HHI

3,245

Highly concentrated−2,555

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2021

Sector	% Portfolio	Value	Positions
Unclassified	46.8%	$335,791,000	4
Industrials	33.7%	$241,936,243	1
Technology	17.4%	$125,139,083	1
Healthcare	2.1%	$15,098,187	3
Financial Services	0.0%	$118,162	1
Consumer Cyclical	0.0%	$86,409	1

Last Quarter's Activity

Export CSV

Jun 30, 2021 vs Mar 31, 2021

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
PHAT	Phathom Pharmaceuticals, Inc.	+54,338	415,277	$14,057,126
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
FINV	FinVolution Group	−13,325	12,412	$118,162
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
—		10,366,855	$303,334,000
XMTR	Xometry, Inc.	2,768,466	$241,936,243
PATH	UiPath, Inc.	1,842,177	$125,139,083
—		18,129	$1,311,000
ARQT	Arcutis Biotherapeutics, Inc.	35,210	$960,880
—		824	$119,000
SFIX	Stitch Fix, Inc.	1,433	$86,409
PGNY	Progyny, Inc.	1,359	$80,181
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CRWD	CrowdStrike Holdings, Inc.	14,980	$2,733,999
TXG	10x Genomics, Inc.	2,821	$510,601
LUNG	Pulmonx Corp	566	$25,888
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 tracked positions · $718,169,084 total · filing declares 13 positions · $1,478,829,000 · as of Jun 30, 2021

All sectors Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		NEW	10,366,855	NEW	$303,334,000	NEW	1	unpriced	42.24%
XMTR	Xometry, Inc. Industrials	NEW	2,768,466	NEW	$241,936,243	NEW	1	unpriced	33.69%
PATH	UiPath, Inc. Technology	NEW	1,842,177	NEW	$125,139,083	NEW	1	$73.33	17.42%
		Held	1,573,357	0	$31,027,000	−32.2%	6+	before history	4.32%
PHAT	Phathom Pharmaceuticals, Inc. Healthcare	Added	415,277	+54,338	$14,057,126	+3.7%	6+	before history	1.96%
		NEW	18,129	NEW	$1,311,000	NEW	1	unpriced	0.18%
ARQT	Arcutis Biotherapeutics, Inc. Healthcare	NEW	35,210	NEW	$960,880	NEW	1	$28.17	0.13%
		NEW	824	NEW	$119,000	NEW	1	unpriced	0.02%
FINV	FinVolution Group Financial Services	Reduced	12,412	-13,325	$118,162	−34.5%	2	$5.32	0.02%
SFIX	Stitch Fix, Inc. Consumer Cyclical	NEW	1,433	NEW	$86,409	NEW	1	$51.20	0.01%
PGNY	Progyny, Inc. Healthcare	NEW	1,359	NEW	$80,181	NEW	1	$56.17	0.01%

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.