Full18 Capital LLC

CIK

1797673

Location

WESTPORT, CT

Portfolio Value

Small $365,161,608

Diversification

Diversified

Filing Date

Global Rank

#2,394 / 6,760 ▲ 1072

Top Industry

Asset Management 38.0%

3Y Alpha vs SPY

-5.8%

Period ended 4 years ago

Filed Apr 29, 2022 · 4y

6 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+52.6%

SPY

+76.5%

Annualised alpha

-5.7%

Max drawdown

−28.1%

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

60 positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021

Top Position

9.4%

+3.6 pts

Top 5

35.4%

+13.8 pts

Top 10

51.9%

+16.8 pts

HHI

383

Diversified+161

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2022

Sector	% Portfolio	Value	Positions
Financial Services	67.7%	$247,032,551	36
Real Estate	13.5%	$49,455,284	10
Technology	10.3%	$37,625,420	10
Industrials	7.2%	$26,288,975	2
Consumer Cyclical	0.9%	$3,214,943	1
Communication Services	0.4%	$1,544,435	1

Last Quarter's Activity

Export CSV

Mar 31, 2022 vs Dec 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IVZ	Invesco Ltd.	+597,281	848,724	$19,571,574
CG	Carlyle Group Inc.	+497,506	699,514	$34,213,228
KRG	Kite Realty Group Trust	+455,814	702,883	$16,004,645
UE	Urban Edge Properties	+404,733	594,061	$11,346,563
KKR	KKR & Co. Inc.	+369,297	516,212	$30,182,915
RITM	Rithm Capital Corp.	+340,705	476,605	$5,233,121
IIIV	i3 Verticals, Inc.	+291,271	392,153	$10,925,381
BWIN	Baldwin Insurance Group, Inc.	+252,433	305,176	$8,187,871
VCTR	Victory Capital Holdings, Inc.	+179,769	195,716	$5,650,320
PAX	Patria Investments Ltd	+168,697	348,583	$6,208,262
ACGL	Arch Capital Group Ltd.	+138,516	219,722	$10,638,938
GPN	Global Payments Inc	+136,896	169,305	$23,167,695
TASK	TaskUs, Inc.	+116,501	166,532	$6,404,819
OMF	OneMain Holdings, Inc.	+93,782	190,565	$9,034,685
ALLY	Ally Financial Inc.	+86,885	140,062	$6,089,895
PWP	Perella Weinberg Partners	+78,357	245,463	$2,319,624
FSBC	Five Star Bancorp	+76,314	124,867	$3,533,735
IGIC	International General Insurance Holdings Ltd.	+69,378	144,660	$1,137,026
FNF	Fidelity National Financial, Inc.	+58,353	110,339	$4,996,810
QNST	Quinstreet, Inc	+48,991	133,141	$1,544,435
AAMI	Acadian Asset Management Inc.	+44,511	80,090	$1,942,182
AER	AerCap Holdings N.V.	+41,675	62,078	$3,121,280
PECO	Phillips Edison & Company, Inc.	+34,134	57,098	$1,963,599
VRTS	Virtus Investment Partners, Inc.	+32,360	47,686	$11,444,161
MBI	Mbia Inc	+31,714	86,148	$1,325,816
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
FOUR	Shift4 Payments, Inc.	−30,535	37,868	$2,345,164
CBOE	Cboe Global Markets, Inc.	−11,825	17,458	$1,997,544
EVR	Evercore Inc.	−5,683	34,941	$3,889,632
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMP	Ameriprise Financial Inc	73,313	$22,020,291
LPLA	LPL Financial Holdings Inc.	44,023	$8,042,120
RPAY	Repay Holdings Corp	507,940	$7,502,273
MTB	M&T Bank Corp	42,698	$7,237,311
EWBC	East West Bancorp Inc	81,036	$6,403,464
ICE	Intercontinental Exchange, Inc.	44,781	$5,916,465
UNM	Unum Group	165,841	$5,225,649
IIPR	Innovative Industrial Properties Inc	25,106	$5,156,771
JHG	Janus Henderson Group PLC	139,511	$4,885,674
TRU	TransUnion	44,839	$4,633,662
HST	Host Hotels & Resorts, Inc.	200,442	$3,894,587
V	Visa Inc.	16,105	$3,571,605
FIS	Fidelity National Information Services, Inc.	28,265	$2,838,371
BX	Blackstone Inc.	21,104	$2,678,941
RLJ	RLJ Lodging Trust	174,159	$2,452,158
ACN	Accenture plc	6,888	$2,322,840
IBKR	Interactive Brokers Group, Inc.	139,563	$2,299,648
FIBK	First Interstate Bancsystem Inc	60,700	$2,231,938
MET	Metlife Inc	31,326	$2,201,591
RYAN	Ryan Specialty Holdings, Inc.	54,850	$2,127,630
PAGS	PagSeguro Digital Ltd.	97,919	$1,963,275
TCBX	Third Coast Bancshares, Inc.	81,122	$1,873,917
FINW	Finwise Bancorp	103,690	$1,778,282
CBRE	Cbre Group, Inc.	18,788	$1,719,476
CRWD	CrowdStrike Holdings, Inc.	7,088	$1,609,543
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
BNY	Bank of New York Mellon Corp	138,331	$8,034,264
EQH	Equitable Holdings, Inc.	175,406	$5,751,562
GS	Goldman Sachs Group Inc	14,280	$5,462,814
SPG	Simon Property Group Inc.	25,136	$4,015,978
NTRS	Northern Trust Corp	33,191	$3,969,975
MCB	Metropolitan Bank Holding Corp.	35,621	$3,794,705
SF	Stifel Financial Corp	75,545	$3,546,588
STC	Stewart Information Services Corp	35,342	$2,817,817
BPOP	Popular, Inc.	33,383	$2,738,741
AIG	American International Group, Inc.	46,231	$2,628,694
AJG	Arthur J. Gallagher & Co.	14,914	$2,530,458
FBP	First Bancorp /Pr/	182,940	$2,520,913
IBOC	International Bancshares Corp	59,363	$2,516,397
FHI	Federated Hermes, Inc.	64,581	$2,426,953
LPRO	Open Lending Corp	101,892	$2,290,532
HWC	Hancock Whitney Corp	45,151	$2,258,453
FAF	First American Financial Corp	25,749	$2,014,344
VOYA	Voya Financial, Inc.	29,701	$1,969,473
EFX	Equifax Inc	6,647	$1,946,175
KEY	Keycorp /New/	81,478	$1,884,586
BILL	BILL Holdings, Inc.	6,931	$1,726,858
PEB	Pebblebrook Hotel Trust	76,220	$1,705,041
ADP	Automatic Data Processing Inc	6,870	$1,694,004
ORI	Old Republic International Corp	68,375	$1,680,657
NMRK	Newmark Group, Inc.	84,811	$1,585,965
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

60 positions · $365,161,608 total · as of Mar 31, 2022

All sectors Communication Services Consumer Cyclical Financial Services Industrials Real Estate Technology

Showing 1–50 of 60 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CG	Carlyle Group Inc. Financial Services	Added	699,514	+497,506	$34,213,228	+208.5%	9.37%
KKR	KKR & Co. Inc. Financial Services	Added	516,212	+369,297	$30,182,915	+175.8%	8.27%
GPN	Global Payments Inc Industrials	Added	169,305	+136,896	$23,167,695	+428.8%	6.34%
AMP	Ameriprise Financial Inc Financial Services	NEW	73,313	NEW	$22,020,291	NEW	6.03%
IVZ	Invesco Ltd. Financial Services	Added	848,724	+597,281	$19,571,574	+238.1%	5.36%
KRG	Kite Realty Group Trust Real Estate	Added	702,883	+455,814	$16,004,645	+197.4%	4.38%
VRTS	Virtus Investment Partners, Inc. Financial Services	Added	47,686	+32,360	$11,444,161	+151.3%	3.13%
UE	Urban Edge Properties Real Estate	Added	594,061	+404,733	$11,346,563	+215.4%	3.11%
IIIV	i3 Verticals, Inc. Technology	Added	392,153	+291,271	$10,925,381	+375.2%	2.99%
ACGL	Arch Capital Group Ltd. Financial Services	Added	219,722	+138,516	$10,638,938	+194.7%	2.91%
OMF	OneMain Holdings, Inc. Financial Services	Added	190,565	+93,782	$9,034,685	+86.6%	2.47%
BWIN	Baldwin Insurance Group, Inc. Financial Services	Added	305,176	+252,433	$8,187,871	+329.9%	2.24%
LPLA	LPL Financial Holdings Inc. Financial Services	NEW	44,023	NEW	$8,042,120	NEW	2.20%
RPAY	Repay Holdings Corp Technology	NEW	507,940	NEW	$7,502,273	NEW	2.05%
MTB	M&T Bank Corp Financial Services	NEW	42,698	NEW	$7,237,311	NEW	1.98%
TASK	TaskUs, Inc. Technology	Added	166,532	+116,501	$6,404,819	+137.2%	1.75%
EWBC	East West Bancorp Inc Financial Services	NEW	81,036	NEW	$6,403,464	NEW	1.75%
PAX	Patria Investments Ltd Financial Services	Added	348,583	+168,697	$6,208,262	+113.0%	1.70%
ALLY	Ally Financial Inc. Financial Services	Added	140,062	+86,885	$6,089,895	+140.5%	1.67%
ICE	Intercontinental Exchange, Inc. Financial Services	NEW	44,781	NEW	$5,916,465	NEW	1.62%
VCTR	Victory Capital Holdings, Inc. Financial Services	Added	195,716	+179,769	$5,650,320	+869.9%	1.55%
RITM	Rithm Capital Corp. Real Estate	Added	476,605	+340,705	$5,233,121	+259.5%	1.43%
UNM	Unum Group Financial Services	NEW	165,841	NEW	$5,225,649	NEW	1.43%
IIPR	Innovative Industrial Properties Inc Real Estate	NEW	25,106	NEW	$5,156,771	NEW	1.41%
FNF	Fidelity National Financial, Inc. Financial Services	Added	110,339	+58,353	$4,996,810	+98.7%	1.37%
JHG	Janus Henderson Group PLC Financial Services	NEW	139,511	NEW	$4,885,674	NEW	1.34%
TRU	TransUnion Financial Services	NEW	44,839	NEW	$4,633,662	NEW	1.27%
HST	Host Hotels & Resorts, Inc. Real Estate	NEW	200,442	NEW	$3,894,587	NEW	1.07%
EVR	Evercore Inc. Financial Services	Reduced	34,941	-5,683	$3,889,632	−29.5%	1.07%
V	Visa Inc. Financial Services	NEW	16,105	NEW	$3,571,605	NEW	0.98%
FSBC	Five Star Bancorp Financial Services	Added	124,867	+76,314	$3,533,735	+142.6%	0.97%
CNNE	Cannae Holdings, Inc. Consumer Cyclical	Added	134,404	+723	$3,214,943	−31.6%	0.88%
AER	AerCap Holdings N.V. Industrials	Added	62,078	+41,675	$3,121,280	+133.8%	0.85%
FIS	Fidelity National Information Services, Inc. Technology	NEW	28,265	NEW	$2,838,371	NEW	0.78%
BX	Blackstone Inc. Financial Services	NEW	21,104	NEW	$2,678,941	NEW	0.73%
RLJ	RLJ Lodging Trust Real Estate	NEW	174,159	NEW	$2,452,158	NEW	0.67%
FOUR	Shift4 Payments, Inc. Technology	Reduced	37,868	-30,535	$2,345,164	−40.8%	0.64%
ACN	Accenture plc Technology	NEW	6,888	NEW	$2,322,840	NEW	0.64%
PWP	Perella Weinberg Partners Financial Services	Added	245,463	+78,357	$2,319,624	+7.9%	0.64%
IBKR	Interactive Brokers Group, Inc. Financial Services	NEW	139,563	NEW	$2,299,648	NEW	0.63%
FIBK	First Interstate Bancsystem Inc Financial Services	NEW	60,700	NEW	$2,231,938	NEW	0.61%
MET	Metlife Inc Financial Services	NEW	31,326	NEW	$2,201,591	NEW	0.60%
RYAN	Ryan Specialty Holdings, Inc. Financial Services	NEW	54,850	NEW	$2,127,630	NEW	0.58%
CBOE	Cboe Global Markets, Inc. Financial Services	Reduced	17,458	-11,825	$1,997,544	−47.7%	0.55%
PECO	Phillips Edison & Company, Inc. Real Estate	Added	57,098	+34,134	$1,963,599	+158.8%	0.54%
PAGS	PagSeguro Digital Ltd. Technology	NEW	97,919	NEW	$1,963,275	NEW	0.54%
AAMI	Acadian Asset Management Inc. Financial Services	Added	80,090	+44,511	$1,942,182	+113.2%	0.53%
TCBX	Third Coast Bancshares, Inc. Financial Services	NEW	81,122	NEW	$1,873,917	NEW	0.51%
FINW	Finwise Bancorp Financial Services	NEW	103,690	NEW	$1,778,282	NEW	0.49%
CBRE	Cbre Group, Inc. Real Estate	NEW	18,788	NEW	$1,719,476	NEW	0.47%