Nine27 Capital Management, LP

CIK

1878063

Location

BASKING RIDGE, NJ

Portfolio Value

Micro $60,246,850

Diversification

Diversified

Filing Date

Global Rank

#6,648 / 7,036 ▼ 1358 · as of Sep 2023

Top Industry

Discount Stores 35.8%

3Y Alpha vs SPY

+1.9%

Period ended 3 years ago

Filed Nov 14, 2023 · 2y

4 quarters · since Dec 2022

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 96.6% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

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 94.3%; sector active share 73.0% against the combined 13F book's sector weights.

Over time 4 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

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

Top Position

17.7%

+5.8 pts

Top 5

63.7%

+6.3 pts

Top 10

96.6%

+12.6 pts

HHI

1,115

Diversified+259

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Consumer Cyclical	52.8%	$31,822,100	7
Consumer Defensive	29.4%	$17,737,750	3
Unclassified	17.7%	$10,687,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
DLTR	Dollar Tree, Inc.	−60,000	65,000	$6,919,250
SPY	Spdr S&P 500 ETF Trust	−15,000	25,000	$10,687,000
CHWY	Chewy, Inc.	−5,000	220,000	$4,017,200
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
SBUX	Starbucks Corp	100,000	$9,127,000
HD	Home Depot, Inc.	20,000	$6,043,200
AAP	Advance Auto Parts Inc	100,000	$5,593,000
TGT	Target Corp	50,000	$5,528,500
DG	Dollar General Corp	50,000	$5,290,000
NXH	Neighborhood Intelligence, Inc.	170,000	$2,689,400
SHAK	Shake Shack Inc.	40,000	$2,322,800
BURL	Burlington Stores, Inc.	15,000	$2,029,500
No positions match the current search.

Sold Out

Positions the filer fully exited

17 positions

Ticker	Company	Shares	Value
WEN	Wendy's Co	800,000	$17,400,000
ROST	Ross Stores, Inc.	150,000	$16,819,500
SITE	SiteOne Landscape Supply, Inc.	100,000	$16,736,000
EXPE	Expedia Group, Inc.	120,000	$13,126,800
CRI	Carters Inc	125,000	$9,075,000
AZO	Autozone Inc	1,800	$4,488,048
MCD	Mcdonalds Corp	15,000	$4,476,150
—		75,000	$3,949,500
FND	Floor & Decor Holdings, Inc.	32,000	$3,326,720
DKS	Dick's Sporting Goods, Inc.	25,000	$3,304,750
TXRH	Texas Roadhouse, Inc.	28,000	$3,143,840
SBH	Sally Beauty Holdings, Inc.	250,000	$3,087,500
SNBRQ	Sleep Number Corp	80,000	$2,182,400
LEVI	Levi Strauss & Co	150,000	$2,164,500
COST	Costco Wholesale Corp	4,000	$2,153,520
GAP	Gap Inc	75,000	$669,750
QRTEA	QVC Group, Inc.	172,232	$170,475
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 tracked positions · $60,246,850 total · filing declares 11 positions · $60,246,850 · as of Sep 30, 2023

All sectors Consumer Cyclical Consumer Defensive

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	25,000	-15,000	$10,687,000	−39.7%	2	$419.68	17.74%
SBUX	Starbucks Corp Consumer Cyclical	NEW	100,000	NEW	$9,127,000	NEW	1	$98.15	15.15%
DLTR	Dollar Tree, Inc. Consumer Defensive	Reduced	65,000	-60,000	$6,919,250	−61.4%	2	$147.12	11.48%
HD	Home Depot, Inc. Consumer Cyclical	NEW	20,000	NEW	$6,043,200	NEW	1	$321.60	10.03%
AAP	Advance Auto Parts Inc Consumer Cyclical	NEW	100,000	NEW	$5,593,000	NEW	1	$67.00	9.28%
TGT	Target Corp Consumer Defensive	NEW	50,000	NEW	$5,528,500	NEW	1	$126.96	9.18%
DG	Dollar General Corp Consumer Defensive	NEW	50,000	NEW	$5,290,000	NEW	1	$149.07	8.78%
CHWY	Chewy, Inc. Consumer Cyclical	Reduced	220,000	-5,000	$4,017,200	−54.8%	2	$34.81	6.67%
NXH	Neighborhood Intelligence, Inc. Consumer Cyclical	NEW	170,000	NEW	$2,689,400	NEW	1	$26.93	4.46%
SHAK	Shake Shack Inc. Consumer Cyclical	NEW	40,000	NEW	$2,322,800	NEW	1	$71.08	3.86%
BURL	Burlington Stores, Inc. Consumer Cyclical	NEW	15,000	NEW	$2,029,500	NEW	1	$160.40	3.37%

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.