Precision Path Capital, LP

High-turnover traderSector-focusedContrarian

Total reported value

$233.2M

Reporting period: 2018-12-31 · Number of holdings: 16

PRECISION PATH CAPITAL, LP disclosed 16 holdings in its latest 13F filing for the period ending 2018-12-31, with total reported value of $233.2M and a quarterly turnover rate of 114.2%.

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Personality snowflake

Concentration: 32.98
Portfolio Stability: 100
Momentum/Contrarian: 0
Sector conviction: 100
Diversification: 30
Sizing Uniformity: 94.96

Recent moves

Add UNP
+423.8%　$23.6M
Add CSL
+683.3%　$20.0M
Trim CAT
-24.8%　-$6.1M
Add URI
+361.5%　$20.1M
Add NSC
+309.1%　$14.2M
Add LECO
+411.4%　$10.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 15 holdings (of 16 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	URI	United Rentals INC	Stock-Industrials	13.19%	+5.96%	+361.54%
2	UNP	Union Pacific CORP	Stock-Industrials	13.04%	+8.39%	+423.81%
3	CSL	Carlisle Cos INC	Stock-Industrials	10.13%	+7.64%	+683.33%
4	NSC	Norfolk Southern CORP	Stock-Industrials	8.66%	+4.61%	+309.09%
5	DAN	Dana INC	Stock-Other	8.01%	+3.31%	+270.27%
6	GT	Goodyear Tire & Rubber Co	Stock-Consumer Disc	6.56%	+1.13%	+119.94%
7	LEA	Lear CORP	Stock-Consumer Disc	6.16%	+6.16%	NEW
8	LECO	Lincoln Electric Holdings	Stock-Industrials	6.05%	+3.83%	+411.43%
9	✓	Ingersoll-rand PLC	Stock-Other	5.87%	-0.53%	+63.04%
10	CAT	Caterpillar INC	Stock-Industrials	4.36%	-6.68%	-24.81%
11	LII	Lennox International INC	Stock-Industrials	4.22%	+0.51%	+80.00%
12	GRA1EUR	Wr Grace & Co	Stock-Other	4.04%	-1.31%	+31.82%
13	SWK	Stanley Black & Decker INC	Stock-Industrials	3.85%	+3.85%	NEW
14	✓	Canadian Pacific Kansa F	Stock-Other	3.81%	+3.81%	NEW
15	ALLE	Allegion plc	Stock-Industrials	2.05%	-0.29%	+57.89%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2018-12-31	16	$233.2M	100	1URI 2UNP 3CSL Top holdings2018-12-31 1.URI 2.UNP 3.CSL 4.NSC 5.DAN 6.GT 7.LEA 8.LECO 9.G47791 10.CAT
2018-09-30	23	$147.0M	100	1CAT 2URI3G47791 Top holdings2018-09-30 1.CAT 2.URI 3.G47791 4.JBHT 5.GT 6.GRA1EUR 7.APD 8.DCH 9.DAN 10.UNP
2018-06-30	1	—	100
2018-03-31	19	$186.3M	74	1CAT 2UNP 3LSTR Top holdings2018-03-31 1.CAT 2.UNP 3.LSTR 4.DAN 5.LEA 6.URI 7.ALLE 8.LII 9.LECO 10.DE
2017-12-31	21	$130.2M	0	1URI 2CAT 3DAN Top holdings2017-12-31 1.URI 2.CAT 3.DAN 4.LEA 5.ODFL 6.CSL 7.ALLE 8.LSTR 9.LII 10.LECO

Holding changes this quarter

Precision Path Capital, LP's most significant position changes for 2018-12-31: New buy: Lear CORP (LEA); New buy: Stanley Black & Decker INC (SWK); New buy: Canadian Pacific Kansa F; Sold out: Hunt (jb) Transprt Svcs INC (JBHT); Sold out: Air Products & Chemicals INC (APD).

Position changes disclosed by Precision Path Capital, LP for the quarter ending 2018-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	UNP	Union Pacific CORP	+8.4%	+423.81%	Add
2	CSL	Carlisle Cos INC	+7.6%	+683.33%	Add
3	URI	United Rentals INC	+6%	+361.54%	Add
4	NSC	Norfolk Southern CORP	+4.6%	+309.09%	Add
5	LECO	Lincoln Electric Holdings	+3.8%	+411.43%	Add
6	DAN	Dana INC	+3.3%	+270.27%	Add
7	GT	Goodyear Tire & Rubber Co	+1.1%	+119.94%	Add
8	LII	Lennox International INC	+0.5%	+80.00%	Add
9	ALLE	Allegion plc	-0.3%	+57.89%	Add
10	✓	Ingersoll-rand PLC	-0.5%	+63.04%	Add
11	GRA1EUR	Wr Grace & Co	-1.3%	+31.82%	Add
12	CAT	Caterpillar INC	-6.7%	-24.81%	Trim
13	LEA	Lear CORP	—	NEW	New buy
14	SWK	Stanley Black & Decker INC	—	NEW	New buy
15	✓	Canadian Pacific Kansa F	—	NEW	New buy
16	JBHT	Hunt (jb) Transprt Svcs INC	—	EXIT	Sold out
17	APD	Air Products & Chemicals INC	—	EXIT	Sold out
18	DCH	Dauch Corporation	—	EXIT	Sold out
19	KMT	Kennametal INC	—	EXIT	Sold out
20	SHW	Sherwin-williams Co/the	—	EXIT	Sold out
21	ODFL	Old Dominion Freight Line	—	EXIT	Sold out
22	WSO	Watsco INC	—	EXIT	Sold out
23	AOS	Smith (a.o.) CORP	—	EXIT	Sold out
24	ADM	Archer-daniels-midland Co	—	EXIT	Sold out
25	VMC	Vulcan Materials Co	—	EXIT	Sold out
26	TRN	Trinity Industries INC	—	EXIT	Sold out

FAQ

What is Precision Path Capital, LP and what type of investor is it?

Precision Path Capital, LP 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 (2018-12-31), the firm manages a tracked equity portfolio valued at approximately $233.2M, spread across 16 disclosed positions.

What are Precision Path Capital, LP's largest equity positions?

Based on the latest 13F filing, Precision Path Capital, LP's top holdings by market value are: 1. United Rentals INC (URI) — $30.8M (13.2%) 2. Union Pacific CORP (UNP) — $30.4M (13.0%) 3. Carlisle Cos INC (CSL) — $23.6M (10.1%) 4. Norfolk Southern CORP (NSC) — $20.2M (8.7%) 5. Dana INC (DAN) — $18.7M (8.0%)

What changes did Precision Path Capital, LP make in its most recent portfolio filing?

In the latest reported quarter, Precision Path Capital, LP made 26 notable position adjustments: 3 new positions were initiated, 11 existing holdings were added to, 1 positions were partially reduced, and 11 were completely exited. The largest of these moves: New buy: Lear CORP (LEA); New buy: Stanley Black & Decker INC (SWK); New buy: Canadian Pacific Kansa F; Sold out: Hunt (jb) Transprt Svcs INC (JBHT); Sold out: Air Products & Chemicals INC (APD)

What sectors does Precision Path Capital, LP focus on?

Precision Path Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 100.0%