Intrinsic Edge Capital Management 13F annual report

Intrinsic Edge Capital Management is an investment fund managing more than $1.03 trillion ran by John Davis. There are currently 129 companies in Mr. Davis’s portfolio. The largest investments include Norwegian Cruise Line Hldg L and Avidxchange Holdings Inc, together worth $68.7 billion.

Limited to 30 biggest holdings

$1.03 trillion Assets Under Management (AUM)

As of 7th August 2024, Intrinsic Edge Capital Management’s top holding is 1,869,643 shares of Norwegian Cruise Line Hldg L currently worth over $35.1 billion and making up 3.4% of the portfolio value. In addition, the fund holds 2,782,265 shares of Avidxchange Holdings Inc worth $33.6 billion. The third-largest holding is International Flavors & Fragra worth $28.4 billion and the next is Chart Inds Inc worth $25.7 billion, with 178,344 shares owned.

Currently, Intrinsic Edge Capital Management's portfolio is worth at least $1.03 trillion. 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 Intrinsic Edge Capital Management

The Intrinsic Edge Capital Management office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, John Davis serves as the Chief Compliance Officer at Intrinsic Edge Capital Management.

Recent trades

In the most recent 13F filing, Intrinsic Edge Capital Management revealed that it had opened a new position in International Flavors & Fragra and bought 297,924 shares worth $28.4 billion.

The investment fund also strengthened its position in Norwegian Cruise Line Hldg L by buying 965,126 additional shares. This makes their stake in Norwegian Cruise Line Hldg L total 1,869,643 shares worth $35.1 billion.

On the other hand, there are companies that Intrinsic Edge Capital Management is getting rid of from its portfolio. Intrinsic Edge Capital Management closed its position in Mobileye Global Inc on 14th August 2024. It sold the previously owned 1,213,099 shares for $39 billion. John Davis also disclosed a decreased stake in Blue Bird Corp by 0.4%. This leaves the value of the investment at $22.3 billion and 413,827 shares.

One of the average hedge funds

The two most similar investment funds to Intrinsic Edge Capital Management are Founders Financial Securities and Aip. They manage $1.03 trillion and $1.03 trillion respectively.


John Davis investment strategy

Intrinsic Edge Capital Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Technology — making up 18.6% of the total portfolio value. The fund focuses on investments in the United States as 61.2% 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 11% of the total holdings value. On the other hand, small-cap stocks make up only 0.8% of the portfolio. The average market cap of the portfolio companies is close to $29.7 billion.

The complete list of Intrinsic Edge Capital Management trades based on 13F SEC filings

These positions were updated on August 14th 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
Mobileye Global Inc
Closed
1,213,099
$39,001,133,000
Norwegian Cruise Line Hldg L
106.70%
1,869,643
$35,130,592,000 3.40%
Scotts Miracle-Gro Company
Closed
468,104
$34,915,877,000
Stride Inc
Closed
544,534
$34,332,869,000
Avidxchange Holdings Inc
9.82%
2,782,265
$33,554,116,000 3.25%
International Flavors & Fragra
Opened
297,924
$28,365,344,000 2.75%
Chart Inds Inc
52.45%
178,344
$25,742,173,000 2.49%
Ecolab, Inc.
Closed
106,960
$24,697,064,000
Avis Budget Group Inc
Opened
227,070
$23,733,356,000 2.30%
Blue Bird Corp
36.73%
413,827
$22,284,584,000 2.16%
Installed Bldg Prods Inc
Opened
107,828
$22,178,063,000 2.15%
OSI Systems, Inc.
Opened
159,296
$21,906,386,000 2.12%
Royal Caribbean Group
37.40%
133,973
$21,359,315,000 2.07%
Carpenter Technology Corp.
91.31%
191,311
$20,963,859,000 2.03%
Twilio Inc
Opened
363,814
$20,668,273,000 2.00%
Viasat, Inc.
Closed
1,122,875
$20,312,809,000
ExlService Holdings Inc
Opened
615,151
$19,291,135,000 1.87%
Grand Canyon Ed Inc
Closed
141,509
$19,274,941,000
Camping World Holdings Inc
33.99%
1,027,445
$18,350,168,000 1.78%
LiveRamp Holdings Inc
17.46%
579,654
$17,934,495,000 1.74%
Owens Corning
Opened
102,420
$17,792,402,000 1.72%
Littelfuse, Inc.
Opened
67,234
$17,184,338,000 1.66%
Rush Enterprises Inc
Closed
315,366
$16,878,388,000
Gibraltar Inds Inc
19.53%
238,204
$16,328,884,000 1.58%
CarGurus Inc
Opened
622,725
$16,315,395,000 1.58%
Yelp Inc
Closed
410,784
$16,184,890,000
Parsons Corp
2.50%
189,832
$15,530,156,000 1.50%
Dana Inc
Opened
1,252,639
$15,181,985,000 1.47%
Greenbrier Cos., Inc.
211.02%
303,949
$15,060,673,000 1.46%
Beacon Roofing Supply Inc
Opened
164,136
$14,854,308,000 1.44%
Inter Parfums, Inc.
65.28%
127,214
$14,760,640,000 1.43%
Arlo Technologies Inc
Opened
1,071,557
$13,973,103,000 1.35%
Atmus Filtration Technologie
6.44%
467,797
$13,463,198,000 1.30%
Customers Bancorp Inc
Closed
250,000
$13,265,000,000
Zeta Global Holdings Corp.
65.07%
738,745
$13,038,849,000 1.26%
Sensient Technologies Corp.
Opened
170,430
$12,644,202,000 1.22%
Mastec Inc.
56.61%
113,698
$12,164,549,000 1.18%
Celsius Holdings Inc
Closed
143,924
$11,934,178,000
Applied Indl Technologies In
Closed
60,000
$11,853,000,000
Primoris Svcs Corp
56.77%
236,776
$11,812,755,000 1.14%
Xerox Holdings Corp
13.75%
993,107
$11,539,903,000 1.12%
Solaredge Technologies Inc
Closed
160,000
$11,356,800,000
Brinks Co
Opened
110,068
$11,270,963,000 1.09%
Summit Matls Inc
Closed
249,838
$11,135,280,000
Celestica, Inc.
Opened
192,554
$11,039,121,000 1.07%
Spdr Gold Tr
25.00%
50,000
$10,750,500,000 1.04%
Rush Street Interactive, Inc.
Opened
1,110,498
$10,649,676,000 1.03%
Simpson Mfg Inc
Closed
49,915
$10,241,560,000
Twist Bioscience Corp
97.21%
197,209
$9,718,460,000 0.94%
Genius Sports Limited
Closed
1,695,259
$9,679,929,000
Iris Energy Ltd
Opened
810,000
$9,144,900,000 0.89%
Haemonetics Corp Mass
8.33%
110,000
$9,100,300,000 0.88%
OrthoPediatrics corp
Opened
305,238
$8,778,645,000 0.85%
Harley-Davidson, Inc.
Closed
200,000
$8,748,000,000
Knife River Corp
27.25%
124,566
$8,737,059,000 0.85%
Louisiana Pac Corp
68.98%
105,175
$8,659,058,000 0.84%
Herbalife Ltd
Opened
832,831
$8,653,114,000 0.84%
Riot Platforms Inc
Closed
706,559
$8,648,282,000
Celestica, Inc.
Closed
192,241
$8,639,311,000
Bit Digital, Inc.
589.74%
2,690,000
$8,554,200,000 0.83%
Alamo Group Inc.
Opened
49,140
$8,501,220,000 0.82%
Heico Corp.
No change
37,983
$8,493,379,000 0.82%
Vericel Corp
9.79%
184,344
$8,457,703,000 0.82%
Rxo Inc
34.65%
316,988
$8,289,236,000 0.80%
Fedex Corp
Opened
27,024
$8,102,876,000 0.78%
Rocket Lab Usa Inc
Closed
1,925,392
$7,913,361,000
Leonardo DRS, Inc.
Closed
354,998
$7,841,906,000
H & E Equipment Services Inc
Closed
118,678
$7,616,754,000
Navitas Semiconductor Corp
Closed
1,585,996
$7,565,201,000
Teradyne, Inc.
Opened
50,000
$7,414,500,000 0.72%
Leslies Inc
Closed
1,129,577
$7,342,251,000
Kirby Corp.
57.40%
60,200
$7,207,746,000 0.70%
Vulcan Matls Co
No change
28,830
$7,169,444,000 0.69%
Wingstop Inc
54.27%
16,855
$7,123,934,000 0.69%
Berkley W R Corp
Closed
80,000
$7,075,200,000
Brookdale Sr Living Inc
4.65%
1,025,963
$7,007,327,000 0.68%
Core Scientific Inc New
628.18%
728,176
$6,772,037,000 0.66%
Group 1 Automotive, Inc.
65.72%
22,478
$6,682,260,000 0.65%
Woodward Inc
Closed
42,033
$6,478,126,000
Apple Inc
Opened
30,000
$6,318,600,000 0.61%
Grocery Outlet Hldg Corp
Opened
280,000
$6,193,600,000 0.60%
Array Technologies, Inc.
Closed
400,000
$5,964,000,000
Corcept Therapeutics Inc
Opened
181,020
$5,881,340,000 0.57%
Transdigm Group Incorporated
49.72%
4,550
$5,813,126,000 0.56%
Tri Pointe Homes Inc.
49.19%
151,249
$5,634,025,000 0.55%
Schneider National Inc
515.86%
230,000
$5,556,800,000 0.54%
Castle Biosciences, Inc.
13.80%
254,411
$5,538,527,000 0.54%
Silgan Holdings Inc.
No change
130,000
$5,502,900,000 0.53%
e.l.f. Beauty Inc
62.14%
25,899
$5,457,437,000 0.53%
Agilysys, Inc
71.59%
52,148
$5,430,693,000 0.53%
Devon Energy Corp.
No change
112,804
$5,346,910,000 0.52%
Cleanspark Inc
13.99%
333,364
$5,317,156,000 0.51%
AECOM
100.00%
60,000
$5,288,400,000 0.51%
Healthequity Inc
Opened
60,000
$5,172,000,000 0.50%
Skyline Champion Corp
Opened
74,735
$5,063,296,000 0.49%
Phinia Inc
Opened
128,112
$5,042,488,000 0.49%
Indie Semiconductor Inc
Closed
703,060
$4,977,665,000
Innospec Inc
Opened
40,000
$4,943,600,000 0.48%
Alphatec Holdings Inc
58.64%
468,222
$4,892,920,000 0.47%
Kelly Svcs Inc
Opened
226,503
$4,849,429,000 0.47%
Booz Allen Hamilton Hldg Cor
No change
31,176
$4,797,986,000 0.46%
Treehouse Foods Inc
Opened
130,000
$4,763,200,000 0.46%
Abm Inds Inc
Opened
93,887
$4,747,866,000 0.46%
Costar Group, Inc.
No change
62,742
$4,651,692,000 0.45%
Expro Group Holdings Nv
12.98%
201,100
$4,609,212,000 0.45%
Carlisle Cos Inc
Closed
11,486
$4,500,789,000
Phreesia Inc
Opened
212,088
$4,496,266,000 0.44%
Alpha Metallurgical Resour I
Closed
13,543
$4,485,035,000
Five9 Inc
Opened
100,000
$4,410,000,000 0.43%
Inspire Med Sys Inc
5.17%
32,185
$4,307,319,000 0.42%
Adtalem Global Ed Inc
84.23%
63,113
$4,304,938,000 0.42%
Nextracker Inc
Opened
91,200
$4,275,456,000 0.41%
Light & Wonder Inc
Opened
40,000
$4,195,200,000 0.41%
APA Corporation
No change
142,156
$4,185,073,000 0.41%
Ishares Tr
Closed
130,000
$5,514,600,000
Wolverine World Wide, Inc.
Closed
367,081
$4,114,978,000
Bandwidth Inc
Opened
240,000
$4,051,200,000 0.39%
Elanco Animal Health Inc
Opened
278,000
$4,011,540,000 0.39%
Sunopta, Inc.
47.80%
742,084
$4,007,254,000 0.39%
Pagaya Technologies Ltd
Opened
310,000
$3,955,600,000 0.38%
Euronet Worldwide Inc
282.08%
38,208
$3,954,528,000 0.38%
Certara, Inc.
Closed
220,000
$3,933,600,000
QuinStreet Inc
62.26%
225,118
$3,734,708,000 0.36%
Envestnet Inc.
Closed
63,000
$3,648,330,000
Gentex Corp.
Closed
100,000
$3,612,000,000
Flex Ltd
Opened
120,000
$3,538,800,000 0.34%
Old Dominion Freight Line In
Opened
20,000
$3,532,000,000 0.34%
Lithia Mtrs Inc
No change
13,918
$3,513,599,000 0.34%
Texas Roadhouse Inc
No change
20,300
$3,485,713,000 0.34%
Enova International Inc.
Closed
52,673
$3,309,445,000
Enovis Corporation
Closed
52,538
$3,280,998,000
Fidelis Insurance Holdings L
Opened
200,000
$3,262,000,000 0.32%
Green Brick Partners, Inc.
Opened
55,430
$3,172,813,000 0.31%
EverQuote Inc
Opened
150,000
$3,129,000,000 0.30%
Arcosa Inc
77.07%
35,592
$2,968,729,000 0.29%
Caredx Inc
Opened
190,000
$2,950,700,000 0.29%
Alps Etf Tr
No change
60,000
$2,878,800,000 0.28%
Marinemax, Inc.
78.22%
87,878
$2,844,611,000 0.28%
YETI Holdings Inc
85.07%
74,134
$2,828,212,000 0.27%
Dexcom Inc
40.16%
24,591
$2,788,128,000 0.27%
Semtech Corp.
Closed
100,000
$2,749,000,000
Microchip Technology, Inc.
Opened
30,000
$2,745,000,000 0.27%
Robinhood Mkts Inc
20.21%
119,680
$2,717,933,000 0.26%
Staar Surgical Co.
Closed
70,000
$2,679,600,000
CSW Industrials Inc
50.00%
10,000
$2,653,100,000 0.26%
First Fndtn Inc
300.00%
400,000
$2,620,000,000 0.25%
MaxLinear Inc
Closed
140,000
$2,613,800,000
Shoe Carnival, Inc.
Opened
70,000
$2,582,300,000 0.25%
Calavo Growers, Inc
Closed
92,115
$2,561,718,000
Lowes Cos Inc
Closed
10,000
$2,547,300,000
Element Solutions Inc
Closed
100,000
$2,498,000,000
Aspen Aerogels Inc.
Opened
100,000
$2,385,000,000 0.23%
Aviat Networks Inc
Closed
57,500
$2,204,550,000
Kinetik Holdings Inc
No change
51,702
$2,142,531,000 0.21%
Abrdn Healthcare Opportuniti
No change
100,000
$2,038,000,000 0.20%
Coinbase Global Inc
800.00%
9,000
$2,000,070,000 0.19%
Blackrock Science & Technolo
No change
100,000
$1,991,000,000 0.19%
Edgewell Pers Care Co
Closed
50,000
$1,932,000,000
Wns Hldgs Ltd
Opened
36,500
$1,916,250,000 0.19%
Highpeak Energy Inc
55.63%
133,261
$1,873,650,000 0.18%
CryoPort Inc
44.04%
256,470
$1,772,208,000 0.17%
Ishares Tr
Opened
20,000
$1,757,600,000 0.17%
Sharkninja Inc
Opened
22,700
$1,705,905,000 0.17%
Pennant Group Inc
Opened
70,441
$1,633,527,000 0.16%
AZZ Inc
53.85%
19,017
$1,469,063,000 0.14%
Opko Health Inc
8.33%
1,100,000
$1,375,000,000 0.13%
Par Technology Corp.
Closed
29,164
$1,322,879,000
Vital Energy Inc
Closed
22,120
$1,162,185,000
DoubleVerify Holdings, Inc.
Closed
31,724
$1,115,416,000
Red Robin Gourmet Burgers In
Opened
142,310
$1,077,287,000 0.10%
Axalta Coating Sys Ltd
Opened
30,000
$1,025,100,000 0.10%
Huron Consulting Group Inc
Closed
10,000
$966,200,000
Park Hotels & Resorts Inc
Closed
50,000
$874,500,000
Advisorshares Tr
Opened
100,000
$733,000,000 0.07%
Avid Bioservices Inc
Opened
100,000
$714,000,000 0.07%
Health Catalyst Inc
Closed
87,478
$658,709,000
Cerence Inc
Closed
37,024
$583,128,000
Duff & Phelps Utlity And Inf
Opened
50,000
$491,500,000 0.05%
Flowserve Corp.
Opened
10,000
$481,000,000 0.05%
Vital Farms, Inc.
Opened
9,134
$427,197,000 0.04%
Easterly Govt Pptys Inc
Closed
20,599
$237,094,000
No transactions found
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