Phase 2 Partners is an investment fund managing more than $194 million ran by Rachael Clarke. There are currently 24 companies in Mrs. Clarke’s portfolio. The largest investments include Cowen Inc and Bill.com Inc, together worth $30.8 million.
As of 8th August 2022, Phase 2 Partners’s top holding is 741,285 shares of Cowen Inc currently worth over $17.6 million and making up 9.0% of the portfolio value.
Relative to the number of outstanding shares of Cowen Inc, Phase 2 Partners owns less than approximately 0.1% of the company.
In addition, the fund holds 120,780 shares of Bill.com Inc worth $13.3 million, whose value fell 37.9% in the past six months.
The third-largest holding is Flywire Corporation worth $11.3 million and the next is Kemper Corp worth $11.2 million, with 234,708 shares owned.
Currently, Phase 2 Partners's portfolio is worth at least $194 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.
The Phase 2 Partners office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Rachael Clarke serves as the CCO and COO at Phase 2 Partners.
In the most recent 13F filing, Phase 2 Partners revealed that it had opened a new position in
Kemper Corp and bought 234,708 shares worth $11.2 million.
The investment fund also strengthened its position in Cowen Inc by buying
229,552 additional shares.
This makes their stake in Cowen Inc total 741,285 shares worth $17.6 million.
Cowen Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Phase 2 Partners is getting rid of from its portfolio.
Phase 2 Partners closed its position in Bridge Invt Group Hldgs Inc on 15th August 2022.
It sold the previously owned 375,178 shares for $7.64 million.
Rachael Clarke also disclosed a decreased stake in HCI Inc by 0.2%.
This leaves the value of the investment at $7.59 million and 111,943 shares.
The two most similar investment funds to Phase 2 Partners are Okabena Investment Services Inc and Marvin & Palmer Associates Inc. They manage $194 million and $194 million respectively.
Phase 2 Partners’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 34.0% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% 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
25% of the total holdings value.
On the other hand, small-cap stocks make up only 4.2% of the portfolio.
The average market cap of the portfolio companies is close to $36.9 billion.
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 |
|---|---|---|---|
| Cowen Inc |
44.86%
741,285
|
$17,561,000 | 9.03% |
| Bill.com Holdings Inc |
107.47%
120,780
|
$13,279,000 | 6.83% |
| Flywire Corporation |
21.97%
638,298
|
$11,253,000 | 5.79% |
| Kemper Corp |
Opened
234,708
|
$11,243,000 | 5.78% |
| GCM Grosvenor Inc. |
22.06%
1,451,624
|
$9,944,000 | 5.11% |
| Carlyle Group Inc (The) |
Opened
313,454
|
$9,924,000 | 5.10% |
| S&P Global Inc |
86.69%
27,951
|
$9,421,000 | 4.84% |
| Essent Group Ltd |
54.25%
234,596
|
$9,126,000 | 4.69% |
| Interactive Brokers Group In |
Opened
163,744
|
$9,008,000 | 4.63% |
| Black Knight Inc |
28.27%
132,843
|
$8,687,000 | 4.47% |
| Douglas Emmett Inc |
66.68%
377,016
|
$8,438,000 | 4.34% |
| Bridge Invt Group Hldgs Inc |
Closed
375,178
|
$7,635,000 | |
| HCI Group Inc |
17.46%
111,943
|
$7,585,000 | 3.90% |
| Lpl Finl Hldgs Inc |
39.97%
39,932
|
$7,367,000 | 3.79% |
| Blucora Inc |
Closed
375,962
|
$7,350,000 | |
| Schwab Charles Corp |
Opened
112,859
|
$7,130,000 | 3.67% |
| Radian Group, Inc. |
39.79%
351,260
|
$6,902,000 | 3.55% |
| Metropolitan Bk Hldg Corp |
Closed
67,726
|
$6,892,000 | |
| Mastercard Incorporated |
Opened
21,315
|
$6,724,000 | 3.46% |
| Walker & Dunlop Inc |
Opened
66,447
|
$6,402,000 | 3.29% |
| Wisdomtree Invts Inc |
47.52%
1,204,246
|
$6,106,000 | 3.14% |
| Raymond James Finl Inc |
102.94%
68,223
|
$6,100,000 | 3.14% |
| Shift4 Pmts Inc |
Opened
158,867
|
$5,252,000 | 2.70% |
| Stonex Group Inc |
23.38%
64,592
|
$5,043,000 | 2.59% |
| SS&C Technologies Holdings Inc |
Opened
82,629
|
$4,798,000 | 2.47% |
| KB Home |
Closed
136,211
|
$4,411,000 | |
| Virtu Finl Inc |
Closed
111,423
|
$4,147,000 | |
| Btrs Holdings Inc |
Opened
775,197
|
$3,860,000 | 1.99% |
| Morgan Stanley |
Opened
43,364
|
$3,298,000 | 1.70% |
| Ejf Acquisition Corp |
Closed
187,351
|
$1,853,000 | |
| CME Group Inc |
Closed
4,020
|
$956,000 | |
| No transactions found | |||
| Showing first 500 out of 31 holdings | |||