AC

Apex Capital Management

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$4.5B

Reporting period: 2016-03-31 · Number of holdings: 263

Apex Capital Management disclosed 263 holdings in its latest 13F filing for the period ending 2016-03-31, with total reported value of $4.5B and a quarterly turnover rate of 24.3%.

Personality snowflake

Concentration
3.96
Portfolio Stability
24.34
Momentum/Contrarian
100
Sector conviction
56.59
Diversification
100
Sizing Uniformity
87.3

Recent moves

  • Trim HTLD

    -31.4%　-$39.3M

  • Trim DATA

    +1.5%　-$36.6M

  • Trim AKRXEUR

    +5.5%　-$23.6M

  • Add BURL

    +8.6%　$24.0M

  • Trim IONS

    +1.6%　-$21.2M

  • Trim 683745103

    +7.9%　-$20.7M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1TSSTotal System Services INCStock-Other2.23%—-0.32%
2HTLDHeartland Express, Inc.Stock-Other2.01%-0.91%-31.35%
3WOOFoot Locker INCStock-Other1.93%—+0.26%
4ICLRICON Public Limited CompanyStock-Healthcare1.82%—+6.73%
5ALVAutoliv INCStock-Consumer Disc1.80%—+0.40%
6BURLBurlington Stores INCStock-Consumer Disc1.78%+0.51%+8.59%
7SKAASkechers USA Inc-cl AStock-Other1.64%—+6.15%
8HDSUSDHd Supply Holdings INCStock-Other1.62%+0.15%+1.35%
9WABWabtec CORPStock-Industrials1.59%+0.16%+1.51%
10FRCBFirst Republic Bank/caStock-Financials1.54%—+0.52%
11ODFLOld Dominion Freight LineStock-Industrials1.50%+0.23%+1.72%
12MELIMercadolibre INCStock-Consumer Disc1.48%—+2.89%
13CBRECbre Group INC - AStock-Real Estate1.39%-0.29%+0.94%
14ALGNAlign Technology INCStock-Healthcare1.33%+0.12%+0.80%
15SLGNSilgan Holdings INCStock-Consumer Disc1.32%—+4.53%
16INFNEURInfinera CORPStock-Other1.31%—+5.06%
17MODVModivCare Inc.Stock-Other1.29%—+1.79%
18NCLHNorwegian Cruise Line Holdings Ltd.Stock-Consumer Disc1.27%+1.27%NEW
19WSMWilliams-sonoma INCStock-Consumer Disc1.27%—+2.01%
20CNCCentene CORPStock-Healthcare1.25%—+1.06%
21FFIVF5 INCStock-Tech1.24%+0.11%+2.14%
22WTWWillis Towers Watson Public Limited CompanyStock-Financials1.21%+1.21%NEW
23RHIRobert Half INCStock-Industrials1.21%—+0.84%
24MANHManhattan Associates INCStock-Tech1.20%—+7.27%
25IACIEURIac/interactivecorpStock-Other1.20%-0.33%+1.71%
26MIDDMiddleby CORPStock-Industrials1.16%—+1.13%
27CIENCiena CORPStock-Tech1.12%—+5.56%
28SIGSignet Jewelers LimitedStock-Consumer Disc1.11%—+0.96%
29WYNEURWyndham Destinations INCStock-Other1.11%—+1.41%
30FANGDiamondback Energy INCStock-Energy1.10%+0.19%+6.17%
31FTNTFortinet INCStock-Tech1.08%—+3.04%
32SABRSabre CORPStock-Tech1.07%—+2.24%
33UHSUniversal Health Services-bStock-Healthcare1.06%—+1.04%
34HAINHain Celestial Group INCStock-Other1.04%+0.33%+46.10%
35AKRXEURAkorn INCStock-Other1.03%-0.55%+5.52%
36SPLKCHFSplunk INCStock-Other1.01%-0.18%+2.90%
37✓ Broadsoft INCStock-Other0.99%+0.46%+65.11%
38NDSNNordson CORPStock-Industrials0.99%+0.15%+1.29%
39MDSOEURMedidata Solutions INCStock-Other0.99%-0.21%+6.20%
40POWIPower Integrations INCStock-Tech0.97%—+6.97%
41PRLBProto Labs INCStock-Other0.96%+0.22%+7.83%
42IMAXImax CORPStock-Other0.95%—+5.16%
43DXCMDexcom INCStock-Healthcare0.93%-0.19%+0.77%
44IONSIonis Pharmaceuticals INCStock-Healthcare0.93%-0.48%+1.62%
45MKTXMarketaxess Holdings INCStock-Financials0.92%+0.13%+5.90%
46YYEURYy Inc-adrStock-Other0.91%—+2.10%
47CRICarter's INCStock-Other0.90%+0.16%+3.32%
48JAZZJazz Pharmaceuticals plcStock-Healthcare0.89%—+2.11%
49CRZOEURCarrizo Oil & Gas INCStock-Other0.89%—+8.09%
50ITGartner INCStock-Tech0.89%—+0.79%
1–50 of 263

Holding changes this quarter

Apex Capital Management's most significant position changes for 2016-03-31: Sold out: Global Payments INC (GPN); New buy: Norwegian Cruise Line Holdings Ltd. (NCLH); New buy: Willis Towers Watson Public Limited Company (WTW); New buy: Broadridge Financial Solutio (BR); Sold out: Avis Budget Group INC (CAR).

Position changes disclosed by Apex Capital Management for the quarter ending 2016-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1BURLBurlington Stores INC+0.5%+8.59%Add
2✓ Broadsoft INC+0.5%+65.11%Add
3HAINHain Celestial Group INC+0.3%+46.10%Add
4ODFLOld Dominion Freight Line+0.2%+1.72%Add
5PRLBProto Labs INC+0.2%+7.83%Add
6DLBDolby Laboratories Inc-cl A+0.2%+2.24%Add
7FANGDiamondback Energy INC+0.2%+6.17%Add
8WABWabtec CORP+0.2%+1.51%Add
9CRICarter's INC+0.2%+3.32%Add
10HDSUSDHd Supply Holdings INC+0.2%+1.35%Add
11NDSNNordson CORP+0.2%+1.29%Add
12MKTXMarketaxess Holdings INC+0.1%+5.90%Add
13DDSDillards Inc-cl A+0.1%+2.93%Add
14GDOTGreen Dot Corp-class A+0.1%+20.66%Add
15ALGNAlign Technology INC+0.1%+0.80%Add
16EEFTEuronet Worldwide INC+0.1%+19.18%Add
17FFIVF5 INC+0.1%+2.14%Add
18ABMDEURAbiomed INC+0.1%+19.07%Add
19BACBank Of America CORP-0.1%-76.89%Trim
20✓ Horizon Pharma PLC-0.2%+9.15%Add
21SPLKCHFSplunk INC-0.2%+2.90%Add
22DXCMDexcom INC-0.2%+0.77%Add
23UTHRUnited Therapeutics CORP-0.2%+1.27%Add
24MDSOEURMedidata Solutions INC-0.2%+6.20%Add
25RDUSEURRadius Health INC-0.3%+7.36%Add
26✓ Anacor Pharmaceuticals INC-0.3%+7.33%Add
27CBRECbre Group INC - A-0.3%+0.94%Add
28IACIEURIac/interactivecorp-0.3%+1.71%Add
29✓ Kapstone Paper Packaging CORP Com-0.4%+5.80%Add
30✓ Ophthotech Corporation-0.5%+7.90%Add
31IONSIonis Pharmaceuticals INC-0.5%+1.62%Add
32AKRXEURAkorn INC-0.6%+5.52%Add
33DATATableau Software Inc-cl A-0.8%+1.54%Add
34HTLDHeartland Express, Inc.-0.9%-31.35%Trim
35GPNGlobal Payments INC—EXITSold out
36NCLHNorwegian Cruise Line Holdings Ltd.—NEWNew buy
37WTWWillis Towers Watson Public Limited Company—NEWNew buy
38BRBroadridge Financial Solutio—NEWNew buy
39CARAvis Budget Group INC—EXITSold out
402663134DBitauto Holdings Ltd-adr—EXITSold out
41✓ —NEWNew buy
42CASYCasey's General Stores INC—EXITSold out
43✓ Mellanox Technologies LTD—NEWNew buy
44CBRLCracker Barrel Old Country—NEWNew buy
45✓ Verifone Sys INC—NEWNew buy
46VACMarriott Vacations World—NEWNew buy
47DINDine Brands Global INC—NEWNew buy
48TREXTrex Company INC—NEWNew buy
49✓ —NEWNew buy
50RUTHUSDRuth's Hospitality Group INC—NEWNew buy

FAQ

What is Apex Capital Management and what type of investor is it?
Apex Capital Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-03-31), the firm manages a tracked equity portfolio valued at approximately $4.5B, spread across 263 disclosed positions.
What are Apex Capital Management's largest equity positions?
Based on the latest 13F filing, Apex Capital Management's top holdings by market value are: 1. Total System Services INC (TSS) — $101.2M (2.2%) 2. Heartland Express, Inc. (HTLD) — $91.4M (2.0%) 3. Foot Locker INC (WOO) — $87.5M (1.9%) 4. ICON Public Limited Company (ICLR) — $82.4M (1.8%) 5. Autoliv INC (ALV) — $81.9M (1.8%)
What changes did Apex Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Apex Capital Management made 50 notable position adjustments: 12 new positions were initiated, 32 existing holdings were added to, 2 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Global Payments INC (GPN); New buy: Norwegian Cruise Line Holdings Ltd. (NCLH); New buy: Willis Towers Watson Public Limited Company (WTW); New buy: Broadridge Financial Solutio (BR); Sold out: Avis Budget Group INC (CAR)
What sectors does Apex Capital Management focus on?
Apex Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 29.0% • Health Care: 24.3% • Information Technology: 12.1% • Industrials: 11.3% • Financials: 9.0% • Communication Services: 8.6%