Plaisance Capital 13F annual report

Plaisance Capital is an investment fund managing more than $71.5 million ran by Daniel Kozlowski. There are currently 11 companies in Mr. Kozlowski’s portfolio. The largest investments include Pure Cycle and Noodles Co, together worth $49.8 million.

$71.5 million Assets Under Management (AUM)

As of 8th August 2022, Plaisance Capital’s top holding is 3,948,787 shares of Pure Cycle currently worth over $41.6 million and making up 58.2% of the portfolio value. Relative to the number of outstanding shares of Pure Cycle, Plaisance Capital owns less than 0.2% of the company. In addition, the fund holds 1,750,780 shares of Noodles Co worth $8.23 million. The third-largest holding is Ishares Tr worth $7.05 million and the next is Clarus Corp worth $4.19 million, with 220,482 shares owned.

Currently, Plaisance Capital's portfolio is worth at least $71.5 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 Plaisance Capital

The Plaisance Capital office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Daniel Kozlowski serves as the Managing Member at Plaisance Capital.

Recent trades

In the most recent 13F filing, Plaisance Capital revealed that it had opened a new position in Ishares Tr and bought 61,400 shares worth $7.05 million.

The investment fund also strengthened its position in Noodles Co by buying 678,652 additional shares. This makes their stake in Noodles Co total 1,750,780 shares worth $8.23 million.

On the other hand, there are companies that Plaisance Capital is getting rid of from its portfolio. Plaisance Capital closed its position in Collaborative Investmnt Ser on 15th August 2022. It sold the previously owned 48,410 shares for $2.24 million. Daniel Kozlowski also disclosed a decreased stake in Clarus Corp by approximately 0.1%. This leaves the value of the investment at $4.19 million and 220,482 shares.

One of the smallest hedge funds

The two most similar investment funds to Plaisance Capital are Act Capital Management and Difesa Capital Management, L.P.. They manage $71.5 million and $71.5 million respectively.

Daniel Kozlowski investment strategy

Plaisance Capital’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Utilities — making up 58.2% of the total portfolio value. The fund focuses on investments in the United States as 63.6% 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 9% of the total holdings value. On the other hand, small-cap stocks make up only 9.1% of the portfolio. The average market cap of the portfolio companies is close to $4.93 billion.

The complete list of Plaisance Capital 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
Pure Cycle Corp.	No change 3,948,787	$41,620,000	58.22%
Noodles Co	63.30% 1,750,780	$8,229,000	11.51%
Ishares Tr	Opened 61,400	$7,053,000	9.87%
Clarus Corp	4.75% 220,482	$4,187,000	5.86%
Crocs Inc	Opened 61,775	$3,007,000	4.21%
Skechers U S A, Inc.	740.64% 63,645	$2,264,000	3.17%
Collaborative Investmnt Ser	Closed 48,410	$2,239,000
Wingstop Inc	Opened 25,530	$1,909,000	2.67%
Dine Brands Global Inc	Closed 22,985	$1,792,000
VanEck ETF Trust	Closed 5,500	$1,554,000
Proshares Tr	Opened 35,300	$1,549,000	2.17%
Select Sector Spdr Tr	Closed 20,150	$1,540,000
Kohls Corp	Opened 21,500	$767,000	1.07%
Six Flags Entmt Corp New	Closed 16,028	$697,000
Trimble Inc	Opened 9,000	$524,000	0.73%
Smart Sand Inc	Opened 190,000	$380,000	0.53%
No transactions found
Showing first 500 out of 16 holdings