Caldera Capital, LLC

High-turnover traderSector-focusedContrarian

Total reported value

$18.2M

Reporting period: 2020-03-31 · Number of holdings: 13

Caldera Capital, LLC disclosed 13 holdings in its latest 13F filing for the period ending 2020-03-31, with total reported value of $18.2M and a quarterly turnover rate of 171.7%.

Personality snowflake

Concentration: 48.41
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 26
Sizing Uniformity: 92.12

Recent moves

Add EQIX
-48.4%　-$2.6M
Trim SPGI
-98.2%　-$18.9M
Trim FISV
-88.6%　-$25.3M
Add G
-68.6%　-$3.1M
Add JLL
-62.1%　-$2.0M
Trim MSFT
-90.1%　-$13.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	FIS	Fidelity National Info Serv	Stock-Tech	19.80%	-0.18%	-87.22%
2	EQIX	Equinix INC	Stock-Real Estate	17.73%	+14.11%	-48.37%
3	FISV	Fiserv INC	Stock-Other	14.41%	-2.88%	-88.56%
4	MA	Mastercard INC - A	Stock-Financials	8.42%	+8.42%	NEW
5	MSFT	Microsoft CORP	Stock-Tech	8.37%	-1.14%	-90.08%
6	WTW	Willis Towers Watson Public Limited Company	Stock-Financials	7.10%	+7.10%	NEW
7	ICE	Intercontinental Exchange In	Stock-Financials	6.76%	+6.76%	NEW
8	G	Genpact Limited	Stock-Tech	4.79%	+2.31%	-68.58%
9	PYPL	Paypal Holdings INC	Stock-Financials	3.94%	+3.94%	NEW
10	JLL	Jones Lang Lasalle INC	Stock-Real Estate	3.04%	+1.48%	-62.12%
11	ADP	Automatic Data Processing	Stock-Tech	2.64%	+2.64%	NEW
12	SPGI	S&p Global INC	Stock-Financials	1.69%	-10.17%	-98.21%
13	TRU	Transunion	Stock-Financials	1.31%	+1.31%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2020-03-31	13	$18.2M	100	1FIS 2EQIX 3FISV Top holdings2020-03-31 1.FIS 2.EQIX 3.FISV 4.MA 5.MSFT 6.WTW 7.ICE 8.G 9.PYPL 10.JLL
2019-12-31	14	$161.7M	66	1FIS 2GPN 3FISV Top holdings2019-12-31 1.FIS 2.GPN 3.FISV 4.SPGI 5.MSFT 6.FAF 7.EQIX 8.V 9.G 10.WCN
2019-09-30	16	$173.8M	59	1FISV 2V 3FIS Top holdings2019-09-30 1.FISV 2.V 3.FIS 4.MSFT 5.GPN 6.FAF 7.ADP 8.WCN 9.EQIX 10.BKIEUR
2019-06-30	18	$174.2M	60	1WP 2V 3FISV Top holdings2019-06-30 1.WP 2.V 3.FISV 4.WCN 5.FAF 6.MSFT 7.ADP 8.EQIX 9.FDC 10.TRU
2019-03-31	20	$157.4M	82	1V 2TSS 3FAF Top holdings2019-03-31 1.V 2.TSS 3.FAF 4.WCN 5.WP 6.FDC 7.SPGI 8.FISV 9.EQIX 10.MSFT
2018-12-31	17	$110.9M	57	1V 2SPGI 3ADP Top holdings2018-12-31 1.V 2.SPGI 3.ADP 4.TSS 5.GPN 6.G47567 7.WCN 8.ADBE 9.MSFT 10.DXC
2018-09-30	17	$146.1M	49	1V 2ADP 3WCN Top holdings2018-09-30 1.V 2.ADP 3.WCN 4.TSS 5.MSFT 6.SPGI 7.DXC 8.G47567 9.ADBE 10.CCI
2018-06-30	16	$137.3M	58	1V 2ADP 3SPGI Top holdings2018-06-30 1.V 2.ADP 3.SPGI 4.G47567 5.WCN 6.DXC 7.TSS 8.ADBE 9.USFD 10.NDAQ
2018-03-31	15	$111.5M	83	1V 2ADP 3DXC Top holdings2018-03-31 1.V 2.ADP 3.DXC 4.WCN 5.FIS 6.G47567 7.SPGI 8.OPLN 9.USFD 10.GPN
2017-12-31	17	$124.6M	85	1V 2DXC 3TSS Top holdings2017-12-31 1.V 2.DXC 3.TSS 4.ADP 5.LKQ 6.FAF 7.OPLN 8.FIS 9.USFD 10.233326
2017-09-30	17	$120.5M	62	1FIS 2V 3TSS Top holdings2017-09-30 1.FIS 2.V 3.TSS 4.DXC 5.CDK 6.WCN 7.IT 8.FAF 9.OPLN 10.SPGI
2017-06-30	23	$107.3M	73	1FIS 2IT 3DXC Top holdings2017-06-30 1.FIS 2.IT 3.DXC 4.V 5.TRU 6.CDK 7.IPG 8.WCN 9.TSS 10.SPGI
2017-03-31	19	$127.2M	100	1SPGI 2TSS 3FIS Top holdings2017-03-31 1.SPGI 2.TSS 3.FIS 4.IT 5.TRU 6.V 7.IPG 8.205363 9.OPLN 10.CTSH
2016-12-31	19	$60.9M	0	1TSS 2MA 3SPGI Top holdings2016-12-31 1.TSS 2.MA 3.SPGI 4.VRSK 5.OPLN 6.G47567 7.TRU 8.FIS 9.CTAS 10.NDAQ

Holding changes this quarter

Caldera Capital, LLC's most significant position changes for 2020-03-31: Sold out: Global Payments INC (GPN); Sold out: First American Financial (FAF); Sold out: Visa Inc-class A Shares (V); Sold out: Waste Connections INC (WCN); Sold out: Wex INC (WEX).

Position changes disclosed by Caldera Capital, LLC for the quarter ending 2020-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EQIX	Equinix INC	+14.1%	-48.37%	Trim
2	G	Genpact Limited	+2.3%	-68.58%	Trim
3	JLL	Jones Lang Lasalle INC	+1.5%	-62.12%	Trim
4	FIS	Fidelity National Info Serv	-0.2%	-87.22%	Trim
5	MSFT	Microsoft CORP	-1.1%	-90.08%	Trim
6	FISV	Fiserv INC	-2.9%	-88.56%	Trim
7	SPGI	S&p Global INC	-10.2%	-98.21%	Trim
8	GPN	Global Payments INC	—	EXIT	Sold out
9	FAF	First American Financial	—	EXIT	Sold out
10	V	Visa Inc-class A Shares	—	EXIT	Sold out
11	WCN	Waste Connections INC	—	EXIT	Sold out
12	WEX	Wex INC	—	EXIT	Sold out
13	USFD	US Foods Holding CORP	—	EXIT	Sold out
14	SERVUSD	Servicemaster Global Holding	—	EXIT	Sold out
15	MA	Mastercard INC - A	—	NEW	New buy
16	WTW	Willis Towers Watson Public Limited Company	—	NEW	New buy
17	ICE	Intercontinental Exchange In	—	NEW	New buy
18	PYPL	Paypal Holdings INC	—	NEW	New buy
19	ADP	Automatic Data Processing	—	NEW	New buy
20	TRU	Transunion	—	NEW	New buy

FAQ

What is Caldera Capital, LLC and what type of investor is it?

Caldera Capital, LLC 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 (2020-03-31), the firm manages a tracked equity portfolio valued at approximately $18.2M, spread across 13 disclosed positions.

What are Caldera Capital, LLC's largest equity positions?

Based on the latest 13F filing, Caldera Capital, LLC's top holdings by market value are: 1. Fidelity National Info Serv (FIS) — $3.6M (19.8%) 2. Equinix INC (EQIX) — $3.2M (17.7%) 3. Fiserv INC (FISV) — $2.6M (14.4%) 4. Mastercard INC - A (MA) — $1.5M (8.4%) 5. Microsoft CORP (MSFT) — $1.5M (8.4%)

What changes did Caldera Capital, LLC make in its most recent portfolio filing?

In the latest reported quarter, Caldera Capital, LLC made 20 notable position adjustments: 6 new positions were initiated, 0 existing holdings were added to, 7 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Global Payments INC (GPN); Sold out: First American Financial (FAF); Sold out: Visa Inc-class A Shares (V); Sold out: Waste Connections INC (WCN); Sold out: Wex INC (WEX)

What sectors does Caldera Capital, LLC focus on?

Caldera Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 62.7% • Information Technology: 37.3%