SC
Springhouse Capital Management, LP Historical SEC 13F Holdings & Archive (Q3 2023)
Springhouse Capital Management, LPCIK: 0001660086
Sector-focusedLong-term holderQuality / disciplined sizing
Total reported value
$55.3M
Reporting period: 2023-09-30 · Number of holdings: 22
Springhouse Capital Management, LP disclosed 22 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $55.3M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 63.19
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 44
- Sizing Uniformity
- 83.9
Springhouse Capital Management, LP's disclosed holdings carry a Herfindahl concentration index of 0.158 — mathematically equivalent to about 6 equally-sized positions, well below its 22 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.61), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 32% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
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 | REAL 1 03-01-28Bond | THE Realreal Inc | Bond | 31.25% | — | +25.78% | |
| 2 | C | Citigroup Inc | Stock-Financials | 15.91% | — | — | |
| 3 | ✓ | G Willi Food Intl Ltd Ord | Stock-Other | 11.89% | — | — | |
| 4 | REAL 3 06-15-25Bond | THE Realreal Inc | Bond | 9.44% | — | +186.61% | |
| 5 | EXPE | Expedia Group Inc | Stock-Consumer Disc | 6.34% | — | — | |
| 6 | GBLI | Global Indemnity Group Llc-a | Stock-Other | 6.32% | — | -27.37% | |
| 7 | BUR | Burford Capital Limited | Stock-Other | 3.60% | — | -10.49% | |
| 8 | ET | Energy Transfer LP | Stock-Energy | 2.73% | — | — | |
| 9 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 2.67% | — | — | |
| 10 | GEL | Genesis Energy L.p. | Stock-Other | 1.94% | — | -25.09% | |
| 11 | VIPS | Vipshop Holdings LTD - Adr | Stock-Consumer Disc | 1.65% | — | — | |
| 12 | VTRS | Viatris Inc | Stock-Healthcare | 1.25% | — | — | |
| 13 | AMC | Amc Entertainment Hlds-cl A | Stock-Other | 1.01% | — | — | |
| 14 | TME | Tencent Music Entertainm-adr | Stock-Comm Services | 0.95% | — | — | |
| 15 | UBS | UBS Group AG | Stock-Financials | 0.91% | — | — | |
| 16 | REAL | Realreal Inc/the | Stock-Other | 0.65% | — | -80.95% | |
| 17 | SKIN | Skinhealth Systems Inc | Stock-Other | 0.52% | — | — | |
| 18 | ASPSZ | Altisource Portfolio Solutions S.A. | Stock-Other | 0.31% | — | — | |
| 19 | BCOVUSD | Brightcove | Stock-Other | 0.26% | — | — | |
| 20 | FB1 | Farmer Bros Co | Stock-Other | 0.16% | — | — | |
| 21 | ICADUSD | Icad Inc | Stock-Other | 0.15% | — | — | |
| 22 | PRPL | Purple Innovation Inc | Stock-Other | 0.08% | — | — |
Portfolio Performance
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 3 months of available history
Based on 47% of reported portfolio value with available pricing
- Stdev
- +39.4%
- Beta
- +1.5
- Alpha
- +8.6%
- Max Drawdown
- -5.2%
- Annualized Perf
- +18.7%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +1.66
- Stutzer
- —
- Treynor
- +0.15
- Sterling
- —
- Calmar
- +3.6
- Information Ratio
- +0.84
- Tracking Error
- +15.6%
- Stdev Down
- +13.4%
- Winning Months %
- +33.3%
- Losing Months %
- +66.7%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.18
- Sharpe
- +0.56
- Stdev Sectors
- +19.3%
- Skewness
- +0.7
- Kurtosis
- -1.5
- Upside Potential
- +4.47
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q3 | 22 | $55.3M | 0 | ||
| 2023 Q2 | 22 | $59.5M | 0 | ||
| 2023 Q1 | 27 | $74.9M | 0 | ||
| 2022 Q4 | 32 | $75.1M | 0 | ||
| 2022 Q3 | 47 | $150.3M | 0 | ||
| 2022 Q2 | 57 | $201.7M | 0 | ||
| 2022 Q1 | 44 | $157.3M | 0 | ||
| 2021 Q4 | 33 | $142.2M | 0 | ||
| 2021 Q3 | 26 | $106.0M | 0 | ||
| 2021 Q2 | 23 | $110.6M | 54 | ||
| 2021 Q1 | 19 | $100.5M | 43 | ||
| 2020 Q4 | 21 | $103.8M | 100 | ||
| 2020 Q3 | 1 | $16.1M | 100 | ||
| 2020 Q2 | 15 | $83.2M | 32 | ||
| 2020 Q1 | 18 | $80.7M | 69 | ||
| 2019 Q4 | 12 | $105.0M | 41 | ||
| 2019 Q3 | 17 | $149.1M | 31 | ||
| 2019 Q2 | 19 | $177.7M | 28 | ||
| 2019 Q1 | 18 | $153.8M | 53 | ||
| 2018 Q4 | 22 | $206.8M | 61 | ||
| 2018 Q3 | 13 | $172.7M | 31 | ||
| 2018 Q2 | 14 | $220.8M | 26 | ||
| 2018 Q1 | 14 | $190.6M | 67 | ||
| 2017 Q4 | 16 | $206.8M | 100 | ||
| 2017 Q3 | 15 | $259.2M | 50 | ||
| 2017 Q2 | 16 | $252.9M | 51 | ||
| 2017 Q1 | 20 | $237.1M | 61 | ||
| 2016 Q4 | 26 | $240.6M | 90 | ||
| 2016 Q3 | 27 | $204.5M | 22 | ||
| 2016 Q2 | 30 | $177.4M | 19 | ||
| 2016 Q1 | 30 | $188.8M | 44 | ||
| 2015 Q4 | 30 | $143.7M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Springhouse Capital Management, LP and what type of investor is it?
Springhouse Capital Management, LP 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 (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $55.3M, spread across 22 disclosed positions.
What are Springhouse Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Springhouse Capital Management, LP's top holdings by market value are:
1. THE Realreal Inc (REAL 1 03-01-28) — $17.3M (31.3%)
2. Citigroup Inc (C) — $8.8M (15.9%)
3. G Willi Food Intl Ltd Ord — $6.6M (11.9%)
4. THE Realreal Inc (REAL 3 06-15-25) — $5.2M (9.4%)
5. Expedia Group Inc (EXPE) — $3.5M (6.3%)
What changes did Springhouse Capital Management, LP make in its most recent portfolio filing?
No notable portfolio changes were recorded for Springhouse Capital Management, LP in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Springhouse Capital Management, LP focus on?
Springhouse Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 51.9%
• Consumer Discretionary: 32.9%
• Energy: 8.4%
• Health Care: 3.9%
• Communication Services: 2.9%
Investment Profile
Springhouse Capital Management, LP's portfolio is moderately concentrated and long-term-holding, with 51.9% of the portfolio concentrated in Financials.
Its concentration score has risen from 20 to 63 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its REAL 1 03-01-28 position over the past two quarters (+$15.8M, now $17.3M), while trimming GBLI over the same stretch (-$6.6M, still holding $3.5M).
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Developer Access
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