Springhouse Capital Management, L.P. 13F annual report
Springhouse Capital Management, L.P. is an investment fund managing more than $188 million ran by Brian Gaines. There are currently 51 companies in Mr. Gaines’s portfolio. The largest investments include Pershing Square Tontine Hldg and Global Indemnity, together worth $33.7 million.
$188 million Assets Under Management (AUM)
As of 8th August 2022, Springhouse Capital Management, L.P.’s top holding is 1,013,439 shares of Pershing Square Tontine Hldg currently worth over $20.2 million and making up 10.8% of the portfolio value.
In addition, the fund holds 521,109 shares of Global Indemnity worth $13.5 million, whose value fell 6.1% in the past six months.
The third-largest holding is Alphabet Inc worth $17.1 million and the next is Far Peak Acquisition Corp worth $11.9 million, with 1,209,030 shares owned.
Currently, Springhouse Capital Management, L.P.'s portfolio is worth at least $188 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Springhouse Capital Management, L.P.
The Springhouse Capital Management, L.P. office and employees reside in Westport, Connecticut. According to the last 13-F report filed with the SEC, Brian Gaines serves as the Chief Compliance Officer at Springhouse Capital Management, L.P..
Recent trades
In the most recent 13F filing, Springhouse Capital Management, L.P. revealed that it had opened a new position in
Far Peak Acquisition Corp and bought 1,209,030 shares worth $11.9 million.
This means they effectively own approximately 0.1% of the company.
Far Peak Acquisition Corp makes up
25.1%
of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Pershing Square Tontine Hldg by buying
456,613 additional shares.
This makes their stake in Pershing Square Tontine Hldg total 1,013,439 shares worth $20.2 million.
On the other hand, there are companies that Springhouse Capital Management, L.P. is getting rid of from its portfolio.
Springhouse Capital Management, L.P. closed its position in Sports Entertainment Acqu Co on 15th August 2022.
It sold the previously owned 1,666,279 shares for $16.5 million.
Brian Gaines also disclosed a decreased stake in Global Indemnity by 0.3%.
This leaves the value of the investment at $13.5 million and 521,109 shares.
One of the smallest hedge funds
The two most similar investment funds to Springhouse Capital Management, L.P. are Fountainhead Am and Lumina Fund Management. They manage $188 million and $188 million respectively.
Brian Gaines investment strategy
Springhouse Capital Management, L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Finance — making up 25.2% of
the total portfolio value.
The fund focuses on investments in the United States as
39.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
18% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $45.4 billion.
The complete list of Springhouse Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Pershing Square Tontine Hldg |
82.00%
1,013,439
|
$20,238,000 | 10.78% |
| Sports Entertainment Acqu Co |
Closed
1,666,279
|
$16,529,000 | |
| Global Indemnity Group, LLC |
30.11%
521,109
|
$13,481,000 | 7.18% |
| Alphabet Inc |
12.20%
7,820
|
$17,061,000 | 9.09% |
| Far Peak Acquisition Corp |
Opened
1,209,030
|
$11,873,000 | 6.32% |
| Fintech Acquisition Corp V |
87.49%
1,078,444
|
$10,623,000 | 5.66% |
| G Willi Food Intl Ltd |
1.70%
658,323
|
$10,369,000 | 5.52% |
| Altimeter Growth Corp. 2 |
Opened
818,261
|
$8,068,000 | 4.30% |
| Horizon Acquisition Corporat |
Opened
805,934
|
$7,987,000 | 4.25% |
| Bright Lights Acquisition Corp. |
Opened
643,381
|
$6,331,000 | 3.37% |
| Gap, Inc. |
Closed
317,000
|
$5,595,000 | |
| Health Assurn Acquisition Co |
Opened
549,235
|
$5,426,000 | 2.89% |
| Conx Corp |
Opened
530,107
|
$5,240,000 | 2.79% |
| Twitter Inc |
177.50%
138,750
|
$5,188,000 | 2.76% |
| B Riley Principal 150 Merger |
Opened
515,022
|
$5,130,000 | 2.73% |
| Citigroup Inc |
411.12%
106,297
|
$4,889,000 | 2.60% |
| Tufin Software Technologie |
Opened
361,106
|
$4,535,000 | 2.42% |
| Pine Is Acquisition Corp |
Opened
407,100
|
$4,018,000 | 2.14% |
| Spirit Airls Inc |
Opened
152,834
|
$3,644,000 | 1.94% |
| Expedia Group Inc |
Opened
34,000
|
$3,224,000 | 1.72% |
| E Merge Technology Acquisiti |
Opened
314,900
|
$3,146,000 | 1.68% |
| Credit Suisse Group |
16.16%
518,962
|
$2,943,000 | 1.57% |
| Northern Star Invstmnt Corp |
22.54%
289,919
|
$2,847,000 | 1.52% |
| Social Capital Hedosopha Hld |
Opened
241,200
|
$2,395,000 | 1.28% |
| Calumet Specialty Prods Part |
No change
209,139
|
$2,173,000 | 1.16% |
| Meta Platforms Inc |
43.48%
13,000
|
$2,096,000 | 1.12% |
| Vipshop Holdings Limited |
No change
205,075
|
$2,028,000 | 1.08% |
| Alibaba Group Hldg Ltd |
No change
17,000
|
$1,933,000 | 1.03% |
| Amazon.com Inc. |
1,055.84%
17,800
|
$1,891,000 | 1.01% |
| Baidu Inc |
No change
12,600
|
$1,874,000 | 1.00% |
| Burford Cap Ltd |
3.32%
158,812
|
$1,602,000 | 0.85% |
| Vy Global Growth |
Opened
123,200
|
$1,219,000 | 0.65% |
| A K A Brands Hldg Corp |
Opened
440,254
|
$1,215,000 | 0.65% |
| Nordstrom, Inc. |
Closed
53,500
|
$1,210,000 | |
| Poshmark, Inc. |
Opened
117,086
|
$1,184,000 | 0.63% |
| Tpg Pace Ben Fin Corp |
Opened
113,928
|
$1,129,000 | 0.60% |
| Netflix Inc. |
Opened
6,200
|
$1,084,000 | 0.58% |
| Cc Neuberger Prin Hldgs Ii |
Opened
99,000
|
$989,000 | 0.53% |
| Liberty Media Acquisition Co |
Opened
97,500
|
$959,000 | 0.51% |
| RH |
Opened
4,117
|
$874,000 | 0.47% |
| Avanti Acquisition Corp. |
Opened
86,800
|
$860,000 | 0.46% |
| Altitude Acquisition Corp |
Opened
74,500
|
$738,000 | 0.39% |
| Groupon Inc |
Closed
31,836
|
$737,000 | |
| Viatris Inc. |
No change
70,000
|
$733,000 | 0.39% |
| Dpcm Cap Inc |
Opened
72,200
|
$716,000 | 0.38% |
| Abercrombie & Fitch Co. |
Opened
40,000
|
$677,000 | 0.36% |
| Ollies Bargain Outlet Hldgs |
Closed
11,000
|
$563,000 | |
| Fossil Group Inc |
Opened
98,456
|
$509,000 | 0.27% |
| Acv Auctions Inc |
Opened
77,700
|
$508,000 | 0.27% |
| Cohn Robbins Holdings Corp. |
178.69%
51,000
|
$507,000 | 0.27% |
| Austerlitz Acquisition Corp |
Closed
45,700
|
$444,000 | |
| Conduent Inc |
Opened
102,409
|
$442,000 | 0.24% |
| Tencent Music Entmt Group |
No change
82,200
|
$413,000 | 0.22% |
| RedBall Acquisition Corp. |
Closed
32,673
|
$324,000 | |
| Brightcove Inc |
No change
43,100
|
$272,000 | 0.14% |
| The Realreal Inc |
Opened
86,900
|
$216,000 | 0.12% |
| Ribbit LEAP, Ltd. |
Opened
12,100
|
$120,000 | 0.06% |
| Epiphany Technology Acquisit |
Opened
10,900
|
$107,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 58 holdings | |||
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