Long Focus Capital Management portfolio

What changed this quarter

50 positions with a change (4 new, 17 added to, 16 trimmed, 13 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Charter Communications+196%more sharesIncreased
  3.9% → 7.1%
• Caesars Entertainment−2.9 ppof portfolioSold out
  3.1% → —
• Humana−76%fewer sharesReduced
  2.2% → 1.1%
• UnitedHealth Group−53%fewer sharesReduced
  2.2% → 1.5%
• Insmed+264%more sharesIncreased
  1.0% → 2.3%
• Viasat−40%fewer sharesReduced
  2.2% → 2.4%
• Comcast+69%more sharesIncreased
  2.8% → 3.8%
• Rocket Companies+64%more sharesIncreased
  2.1% → 3.5%
• Penn Entertainment−1.3 ppof portfolioSold out
  1.4% → —
• CVS Health−34%fewer sharesReduced
  2.8% → 2.5%
• Centene−25%fewer sharesReduced
  2.8% → 3.8%
• Sony Group+0.8 ppof portfolioNew
  — → 0.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Charter CommunicationsCHTR7.1%
• Amazon.comAMZN6.8%
• Molina HealthcareMOH5.7%
• CenteneCNC3.8%
• ComcastCMCSA3.8%
• Rocket CompaniesRKT3.5%
• FTAI AviationFTAI3.5%
• Energy TransferET2.6%
• MicrosoftMSFT2.6%
• CVS HealthCVS2.5%
• Golar LNGGLNG2.4%
• ViasatVSAT2.4%
• BioNTechBNTX2.4%
• KKRKKR2.4%
• InsmedINSM2.3%
• Builders FirstsourceBLDR2.3%
• Walt DisneyDIS2.2%
• Howard Hughes HoldingsHHH2.1%
• PinterestPINS2.1%
• Apollo Global ManagementAPO1.7%
• Antero ResourcesAR1.7%
• Shift4 PaymentsFOUR1.6%
• UnitedHealth GroupUNH1.5%
• Aura BiosciencesAURA1.5%
• Alibaba Group HoldingBABA(bond)1.4%
• MattelMAT1.4%
• HappenHAPN1.4%
• Barrick MiningB1.3%
• TIC SolutionsTIC1.3%
• Assured GuarantyAGO1.2%
• UBER TechnologiesUBER1.2%
• HumanaHUM1.1%
• JD.comJD1.0%
• Grupo Financiero GaliciaGGAL0.9%
• Petco Health & WellnessWOOF0.9%
• HerbalifeHLF0.9%
• Onity GroupONIT0.9%
• Sight SciencesSGHT0.8%
• ArhausARHS0.8%
• Lithia MotorsLAD0.8%
• Capital One FinancialCOF0.8%
• Standard BiotoolsLAB0.8%
• Sony GroupSONY0.8%
• BaiduBIDU0.7%
• Colliers International GroupCIGI0.7%
• Ftai InfrastructureFIP0.7%
• WYNN ResortsWYNN0.7%
• Controladora Vuela Compania de Aviacion, S.A.B. de C.V.VLRS0.6%
• MercadoLibreMELI0.6%
• MeiraGTx HoldingsMGTX0.6%
• Bicycle TherapeuticsBCYC0.6%
• Grupo SupervielleSUPV0.6%
• Liberty Broadband0.5%
• Papa John’s InternationalPZZA0.5%
• TAL Education GroupTAL0.4%
• Iovance BiotherapeuticsIOVA0.4%
• Oportun FinancialOPRT0.4%
• CellectisCLLS0.3%
• Liberty Latin AmericaLILAK0.3%
• LOMA Negra Compania Industrialargentina Sociedad AnonimaLOMA0.2%
• United Airlines HoldingsUAL0.2%
• Expand EnergyEXE0.1%
• ServiceNowNOW0.1%
• ClarivateCLVT0.1%
• USA TodayTDAY0.1%
• AlphabetGOOGL0.1%
• DynatraceDT0.1%
• PowerfleetAIOT0.1%
• Solitario ResourcesXPLunder 0.1%
• Cable OneCABOunder 0.1%
• Liberty CapitalGLIBKunder 0.1%
• Nexstar Media GroupNXSTunder 0.1%
• CoinSharesCSHRunder 0.1%
• Destination XL GroupDXLGunder 0.1%
• Bioceres Crop SolutionsBIOXunder 0.1%