Springowl Associates 13F annual report
Springowl Associates is an investment fund managing more than $22.8 million ran by Joseph Tropeano. There are currently 23 companies in Mr. Tropeano’s portfolio. The largest investments include Atlanticus Corp and Accolade, together worth $3.99 million.
$22.8 million Assets Under Management (AUM)
As of 8th November 2021, Springowl Associates’s top holding is 40,204 shares of Atlanticus Corp currently worth over $2.13 million and making up 9.4% of the portfolio value.
Relative to the number of outstanding shares of Atlanticus Corp, Springowl Associates owns more than approximately 0.1% of the company.
In addition, the fund holds 43,985 shares of Accolade worth $1.86 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Dole plc worth $1.33 million and the next is Liberty Latin America Ltd worth $1.25 million, with 95,000 shares owned.
Currently, Springowl Associates's portfolio is worth at least $22.8 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 Springowl Associates
The Springowl Associates office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Joseph Tropeano serves as the Chief Compliance Officer and Chief Operating Officer at Springowl Associates.
Recent trades
In the most recent 13F filing, Springowl Associates revealed that it had opened a new position in
Dole plc and bought 78,557 shares worth $1.33 million.
This means they effectively own approximately 0.1% of the company.
Dole plc makes up
100.0%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Gray Television by buying
5,000 additional shares.
This makes their stake in Gray Television total 51,000 shares worth $1.16 million.
Gray Television dropped approximately 0.1% in the past year.
On the other hand, there are companies that Springowl Associates is getting rid of from its portfolio.
Springowl Associates closed its position in Viacomcbs Inc on 15th November 2021.
It sold the previously owned 17,500 shares for $791 thousand.
Joseph Tropeano also disclosed a decreased stake in Atlanticus Corp by 0.1%.
This leaves the value of the investment at $2.13 million and 40,204 shares.
One of the smallest hedge funds
The two most similar investment funds to Springowl Associates are Highwater Wealth Management and Morgenthaler Management Partners Ix. They manage $22.6 million and $22.6 million respectively.
Joseph Tropeano investment strategy
Springowl Associates’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Finance — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
56.5% 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
26% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $278 billion.
The complete list of Springowl Associates trades based on 13F SEC filings
These positions were updated on November 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 |
|---|---|---|---|
| Atlanticus Holdings Corp |
14.71%
40,204
|
$2,133,000 | 9.35% |
| Accolade, Inc. |
No change
43,985
|
$1,855,000 | 8.13% |
| Dole plc |
Opened
78,557
|
$1,332,000 | 5.84% |
| Liberty Latin America Ltd |
No change
95,000
|
$1,246,000 | 5.46% |
| Controladora Vuela Comp De A |
15.38%
55,000
|
$1,200,000 | 5.26% |
| Gray Television, Inc. |
10.87%
51,000
|
$1,164,000 | 5.10% |
| Melco Resorts And Entmnt Ltd |
160.87%
113,514
|
$1,162,000 | 5.09% |
| Liberty Broadband Corp |
No change
6,343
|
$1,095,000 | 4.80% |
| BorgWarner Inc |
22.22%
22,000
|
$951,000 | 4.17% |
| Citigroup Inc |
No change
13,099
|
$919,000 | 4.03% |
| Alibaba Group Hldg Ltd |
33.71%
5,950
|
$881,000 | 3.86% |
| Extreme Networks Inc. |
No change
85,496
|
$842,000 | 3.69% |
| Everi Holdings Inc |
No change
34,500
|
$834,000 | 3.66% |
| Facebook Inc |
10.91%
2,450
|
$832,000 | 3.65% |
| Millicom Intl Cellular S A |
53.33%
23,000
|
$831,000 | 3.64% |
| Madison Square Grdn Entertnm |
119.76%
10,988
|
$798,000 | 3.50% |
| Viacomcbs Inc |
Closed
17,500
|
$791,000 | |
| Western Digital Corp. |
16.67%
14,000
|
$790,000 | 3.46% |
| Intel Corp. |
Closed
14,000
|
$786,000 | |
| Alphabet Inc |
25.64%
290
|
$773,000 | 3.39% |
| MagnaChip Semiconductor Corp |
No change
40,582
|
$721,000 | 3.16% |
| OneMain Holdings Inc |
No change
12,923
|
$715,000 | 3.13% |
| Kar Auction Svcs Inc |
18.87%
43,000
|
$705,000 | 3.09% |
| Micron Technology Inc. |
Closed
8,000
|
$680,000 | |
| Apple Inc |
No change
4,500
|
$637,000 | 2.79% |
| MP Materials Corp. |
Closed
13,000
|
$479,000 | |
| Msg Network Inc |
Closed
29,000
|
$423,000 | |
| Tufin Software Technologie |
20.00%
40,000
|
$393,000 | 1.72% |
| No transactions found | |||
| Showing first 500 out of 28 holdings | |||
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