DAVIDSON KEMPNER PARTNERS

CIK

928549

Location

New York, NY

Portfolio Value

Small $216,136,122

Diversification

Diversified

Filing Date

Mar 31, 2023

Global Rank

#676 / 6,871

Top Industry

Specialty Retail 12.4%

3Y Alpha vs SPY

+4.6%

Period ended 3 years ago

Filed May 15, 2023 · 3y

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

+97.8%

SPY

+76.8%

Annualised alpha

+4.6%

Max drawdown

−29.0%

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

15.0%

of portfolio value

Top 5

35.9%

of portfolio value

Top 10

52.1%

of portfolio value

HHI

440

Diversified

Sector Breakdown

As of Mar 31, 2023

Sector	% Portfolio	Value	Positions
Consumer Cyclical	21.4%	$635,729,271	24
Unclassified	20.3%	$603,289,430	3
Communication Services	11.5%	$342,878,326	10
Utilities	9.3%	$277,746,189	3
Consumer Defensive	7.3%	$216,136,122	7
Technology	5.4%	$159,846,634	12
Financial Services	4.9%	$146,136,965	6
Energy	4.6%	$137,526,441	5
Industrials	4.4%	$129,952,099	9
Basic Materials	4.3%	$129,297,436	3
Real Estate	3.4%	$101,702,372	4
Healthcare	3.1%	$93,101,493	10

Portfolio Positions

Compact Export CSV View 13F filing

7 positions · $216,136,122 total · Consumer Defensive only · as of Mar 31, 2023

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DG	Dollar General Corp Consumer Defensive	First	20,000	—	$4,209,200	—	1.95%
EL	Estee Lauder Companies Inc Consumer Defensive	First	21,396	—	$5,273,258	—	2.44%
DLTR	Dollar Tree, Inc. Consumer Defensive	First	134,757	—	$19,344,367	—	8.95%
WMT	Walmart Inc. Consumer Defensive	First	581,200	—	$28,565,980	—	13.22%
OLLI	Ollie's Bargain Outlet Holdings, Inc. Consumer Defensive	First	574,673	—	$33,296,553	—	15.41%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	First	1,663,100	—	$58,674,168	—	27.15%
USFD	US Foods Holding Corp. Consumer Defensive	First	1,807,596	—	$66,772,596	—	30.89%