DAVIDSON KEMPNER PARTNERS

CIK

928549

Location

New York, NY

Portfolio Value

Mid $2,910,558,293

Diversification

Diversified

Filing Date

Mar 31, 2023

Global Rank

#697 / 6,875 · as of Mar 2023

Top Industry

Specialty Retail 12.8%

3Y Alpha vs SPY

+2.9%

Period ended 3 years ago

Filed May 15, 2023 · 3y

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+94.1%

SPY

+76.5%

Annualised alpha

+3.9%

Max drawdown

−29.3%

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

96 positions · as of Mar 31, 2023

Top Position

15.4%

of portfolio value

Top 5

36.7%

of portfolio value

Top 10

53.2%

of portfolio value

HHI

455

Diversified

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	20.7%	$603,289,430	3
Consumer Cyclical	19.7%	$574,225,615	24
Communication Services	11.8%	$342,878,326	10
Utilities	9.5%	$277,746,189	3
Consumer Defensive	7.4%	$216,136,122	7
Technology	5.5%	$159,846,634	12
Financial Services	5.0%	$144,856,136	6
Energy	4.7%	$137,526,441	5
Industrials	4.5%	$129,952,099	9
Basic Materials	4.4%	$129,297,436	3
Real Estate	3.5%	$101,702,372	4
Healthcare	3.2%	$93,101,493	10

Portfolio Positions

Compact Export CSV View 13F filing

96 positions · $2,910,558,293 total · as of Mar 31, 2023

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

Showing 1–50 of 96 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	First	1,092,000	—	$447,053,880	—	15.36%
ARKO	ARKO Corp. Consumer Cyclical	First	23,139,671	—	$196,455,806	—	6.75%
VST	Vistra Corp. Utilities	First	6,538,473	—	$156,923,352	—	5.39%
QQQ	Invesco Qqq Trust, Series 1	First	435,000	—	$139,604,550	—	4.80%
META	Meta Platforms, Inc. Communication Services	First	604,020	—	$128,015,998	—	4.40%
LIN	Linde PLC Basic Materials	First	324,705	—	$115,413,145	—	3.97%
MCD	Mcdonalds Corp Consumer Cyclical	First	354,001	—	$98,982,219	—	3.40%
TMUS	T-Mobile US, Inc. Communication Services	First	625,774	—	$90,637,106	—	3.11%
BBWI	Bath & Body Works, Inc. Consumer Cyclical	First	2,391,104	—	$87,466,584	—	3.01%
CEG	Constellation Energy Corp Utilities	First	1,110,637	—	$87,185,004	—	3.00%
USFD	US Foods Holding Corp. Consumer Defensive	First	1,807,596	—	$66,772,596	—	2.29%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	First	1,663,100	—	$58,674,168	—	2.02%
AOMR	Angel Oak Mortgage REIT, Inc. Real Estate	First	7,389,791	—	$53,945,474	—	1.85%
RCI	Rogers Communications Inc Communication Services	First	1,099,253	—	$50,961,369	—	1.75%
SHEL	Shell plc Energy	First	815,974	—	$46,951,143	—	1.61%
FHN	First Horizon Corp Financial Services	First	2,600,676	—	$46,240,019	—	1.59%
CRC	California Resources Corp Energy	First	1,052,381	—	$40,516,668	—	1.39%
CNH	CNH Industrial N.V. Industrials	First	2,363,059	—	$36,083,910	—	1.24%
V	Visa Inc. Financial Services	First	149,622	—	$33,733,776	—	1.16%
AQN	Algonquin Power & Utilities Corp. Utilities	First	4,004,504	—	$33,637,833	—	1.16%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	First	574,673	—	$33,296,553	—	1.14%
PYPL	PayPal Holdings, Inc. Financial Services	First	432,000	—	$32,806,080	—	1.13%
MSFT	Microsoft Corp Technology	First	100,000	—	$28,830,000	—	0.99%
WMT	Walmart Inc. Consumer Defensive	First	581,200	—	$28,565,980	—	0.98%
BP	Bp PLC Energy	First	751,519	—	$28,512,630	—	0.98%
BWXT	BWX Technologies, Inc. Industrials	First	426,491	—	$26,885,992	—	0.92%
WDAY	Workday, Inc. Technology	First	125,000	—	$25,817,500	—	0.89%
W	Wayfair Inc. Consumer Cyclical	First	749,337	—	$25,732,232	—	0.88%
CLDT	Chatham Lodging Trust Real Estate	First	2,303,259	—	$24,161,186	—	0.83%
UNH	Unitedhealth Group Inc Healthcare	First	50,000	—	$23,629,500	—	0.81%
STX	Seagate Technology Holdings plc Technology	First	350,000	—	$23,142,000	—	0.80%
SPGI	S&P Global Inc. Financial Services	First	68,891	—	$22,470,721	—	0.77%
WBD	Warner Bros. Discovery, Inc. Communication Services	First	1,469,542	—	$22,190,084	—	0.76%
ZWS	Zurn Elkay Water Solutions Corp Industrials	First	991,028	—	$21,168,358	—	0.73%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	First	265,500	—	$20,804,580	—	0.71%
QSR	Restaurant Brands International Inc. Consumer Cyclical	First	299,900	—	$20,135,286	—	0.69%
WSC	WillScot Holdings Corp Industrials	First	422,933	—	$19,827,099	—	0.68%
DLTR	Dollar Tree, Inc. Consumer Defensive	First	134,757	—	$19,344,367	—	0.66%
LOGI	Logitech International S.A. Technology	First	330,000	—	$19,159,800	—	0.66%
HAS	Hasbro, Inc. Consumer Cyclical	First	350,000	—	$18,791,500	—	0.65%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	First	289,550	—	$18,354,574	—	0.63%
CNC	Centene Corp Healthcare	First	288,170	—	$18,215,225	—	0.63%
CVS	CVS HEALTH Corp Healthcare	First	225,000	—	$16,719,750	—	0.57%
DIA	Spdr Dow Jones Industrial Average ETF Trust	First	50,000	—	$16,631,000	—	0.57%
BAX	Baxter International Inc Healthcare	First	400,000	—	$16,224,000	—	0.56%
UBER	Uber Technologies, Inc Technology	First	500,000	—	$15,850,000	—	0.54%
RTO	Rentokil Initial PLC /Fi Industrials	First	428,029	—	$15,627,338	—	0.54%
KRC	Kilroy Realty Corp Real Estate	First	454,167	—	$14,715,010	—	0.51%
ASH	Ashland Inc. Basic Materials	First	133,929	—	$13,755,847	—	0.47%
FTNT	Fortinet, Inc. Technology	First	200,000	—	$13,292,000	—	0.46%