SH
Silver Heights Capital Management Inc — 13F Portfolio Analysis & Stock Picks (Q2 2026)
Silver Heights Capital Management IncCIK: 0001705712
Concentrated strategySector-focusedMomentum follower
Total reported value
$324.1M
Reporting period: 2026-06-30 · Number of holdings: 4
Silver Heights Capital Management Inc disclosed 4 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $324.1M and a quarterly turnover rate of 21.9%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 21.87
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 8
- Sizing Uniformity
- 91.88
Silver Heights Capital Management Inc's disclosed holdings carry a Herfindahl concentration index of 0.374 — mathematically equivalent to about 3 equally-sized positions, close to its 4 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.81), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 14.3 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd IRDM
-36.4% $36.9M
Trim HEI-A
-1.2% $8.7M
Trim ADBE
+44.6% $8.2M
Add KMX
-0.5% $10.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IRDM | Iridium Communications Inc | Stock-Comm Services | 55.43% | +0.58% | -36.35% | |
| 2 | HEI-A | Heico Corp-class A | Stock-Other | 15.67% | -0.50% | -1.23% | |
| 3 | KMX | Carmax Inc | Stock-Consumer Disc | 14.90% | +0.24% | -0.51% | |
| 4 | ADBE | Adobe Inc | Stock-Tech | 14.01% | -0.30% | +44.55% |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-1.4%
Performance Last 4 Quarters
+57.1%
Based on 84% of reported portfolio value with available pricing
- Stdev
- +39.7%
- Beta
- +1.09
- Alpha
- -17.4%
- Max Drawdown
- -56.3%
- Annualized Perf
- -3.2%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +0.17
- Stutzer
- +0.03
- Treynor
- +0.04
- Sterling
- -0.1
- Calmar
- -0.06
- Information Ratio
- -0.42
- Tracking Error
- +37.1%
- Stdev Down
- +26.4%
- Winning Months %
- +50%
- Losing Months %
- +50%
- Best 12 Months
- +59.8%
- Worst 12 Months
- -43.3%
- Efficiency Ratio
- +0.03
- Sharpe
- +0.11
- Stdev Sectors
- +22.9%
- Skewness
- +0.19
- Kurtosis
- +0.2
- Upside Potential
- +2.11
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 4 | $324.1M | 22 | ||
| 2026 Q1 | 4 | $260.2M | 41 | ||
| 2025 Q4 | 5 | $252.1M | 18 | ||
| 2025 Q3 | 4 | $223.0M | 12 | ||
| 2025 Q2 | 4 | $262.2M | 0 | ||
| 2025 Q1 | 4 | $220.1M | 100 | ||
| 2024 Q4 | 4 | $224.9M | 0 | ||
| 2024 Q3 | 5 | $239.1M | 0 | ||
| 2024 Q2 | 5 | $236.9M | 0 | ||
| 2024 Q1 | 5 | $253.2M | 0 | ||
| 2023 Q4 | 5 | $259.6M | 0 | ||
| 2023 Q3 | 5 | $250.7M | 0 | ||
| 2023 Q2 | 5 | $317.4M | 0 | ||
| 2023 Q1 | 5 | $301.0M | 0 | ||
| 2022 Q4 | 5 | $268.5M | 0 | ||
| 2022 Q3 | 5 | $248.5M | 0 | ||
| 2022 Q2 | 5 | $234.1M | 0 | ||
| 2022 Q1 | 5 | $254.9M | 0 | ||
| 2021 Q4 | 5 | $268.2M | 0 | ||
| 2021 Q3 | 5 | $274.4M | 0 | ||
| 2021 Q2 | 5 | $287.0M | 100 | ||
| 2021 Q1 | 6 | $283.8M | 16 | ||
| 2020 Q4 | 6 | $266.3M | 22 | ||
| 2020 Q3 | 6 | $213.9M | 4 | ||
| 2020 Q2 | 7 | $205.6M | 39 | ||
| 2020 Q1 | 6 | $137.8M | 34 | ||
| 2019 Q4 | 6 | $195.0M | 9 | ||
| 2019 Q3 | 6 | $197.5M | 6 | ||
| 2019 Q2 | 6 | $203.0M | 15 | ||
| 2019 Q1 | 6 | $197.9M | 28 | ||
| 2018 Q4 | 6 | $149.6M | 17 | ||
| 2018 Q3 | 6 | $176.9M | 14 | ||
| 2018 Q2 | 6 | $159.2M | 18 | ||
| 2018 Q1 | 6 | $133.3M | 6 | ||
| 2017 Q4 | 6 | $129.0M | 18 | ||
| 2017 Q3 | 7 | $143.1M | 12 | ||
| 2017 Q2 | 7 | $129.6M | 8 | ||
| 2017 Q1 | 7 | $124.9M | 8 | ||
| 2016 Q4 | 7 | $118.6M | — |
Holding changes this quarter
Silver Heights Capital Management Inc's most significant position changes for 2026-06-30: Trim: Iridium Communications Inc (IRDM) — shares -36.35%; Trim: Heico Corp-class A (HEI-A) — shares -1.23%; Add: Adobe Inc (ADBE) — shares +44.55%; Trim: Carmax Inc (KMX) — shares -0.51%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IRDM | Iridium Communications Inc | +0.6% | -36.35% | Trim |
| 2 | KMX | Carmax Inc | +0.2% | -0.51% | Trim |
| 3 | ADBE | Adobe Inc | -0.3% | +44.55% | Add |
| 4 | HEI-A | Heico Corp-class A | -0.5% | -1.23% | Trim |
Filing History
FAQ
What is Silver Heights Capital Management Inc and what type of investor is it?
Silver Heights Capital Management Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $324.1M, spread across 4 disclosed positions.
What are Silver Heights Capital Management Inc's largest equity positions?
Based on the latest 13F filing, Silver Heights Capital Management Inc's top holdings by market value are:
1. Iridium Communications Inc (IRDM) — $179.6M (55.4%)
2. Heico Corp-class A (HEI-A) — $50.8M (15.7%)
3. Carmax Inc (KMX) — $48.3M (14.9%)
4. Adobe Inc (ADBE) — $45.4M (14.0%)
What changes did Silver Heights Capital Management Inc make in its most recent portfolio filing?
In the latest reported quarter, Silver Heights Capital Management Inc made 4 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 3 positions were partially reduced, and 0 were completely exited. The largest of these moves: Trim: Iridium Communications Inc (IRDM) — shares -36.35%; Trim: Heico Corp-class A (HEI-A) — shares -1.23%; Add: Adobe Inc (ADBE) — shares +44.55%; Trim: Carmax Inc (KMX) — shares -0.51%
What sectors does Silver Heights Capital Management Inc focus on?
Silver Heights Capital Management Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 65.7%
• Consumer Discretionary: 17.7%
• Information Technology: 16.6%
Investment Profile
Silver Heights Capital Management Inc returned an annualized -3.2% over the trailing 36 months — underperforming the S&P 500 by 17.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.09 (roughly in line with the market) and a 42% quarterly batting average against the index.
Its portfolio is concentrated and moderately active, with 65.7% of the portfolio concentrated in Communication Services.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its IRDM position for two straight quarters, increasing it by $88.4M to reach $179.6M.
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NG
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BA
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Developer Access
Access Silver Heights Capital Management Inc's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/silver-heights-capital-management-incCLI
npx alphasmo institutions get silver-heights-capital-management-inc