Equal-WT
WhaleScore 2.0
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Harspring Capital Management is based out of New York. Harspring Capital Management is a hedge fund with 4 clients and discretionary assets under management (AUM) of $589,773,688 (Form ADV from 2025-03-28). Their last reported 13F filing for Q1 2025 included $261,506,164 in managed 13F securities
and a top 10 holdings concentration of 85.85%. Harspring Capital Management's largest holding is Cogent Communications Holdings Inc with shares held of 884,797. Whalewisdom has at least 22 13F filings, 2 13D filings, and 5 13G filings
Business Description
The advisory services offered should not be understood to limit investment activities. The firm may offer any advisory services, engage in any investment strategy, and make any investment that is considered appropriate, subject to each client’s investment objectives and guidelines as set forth in the Offering Documents. Investing in securities involves the risk of loss, and clients should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any client will be achieved.
The brochure includes information on advisory business, fees and compensation, performance-based fees, types of clients, methods of analysis, disciplinary information, other financial industry activities, code of ethics, brokerage practices, review of accounts, client referrals, and custody.
Investment Strategy
The Funds aim for superior returns over several years by investing in a select number of securities with compelling risk-reward profiles. This involves both buying securities and selling short for absolute return and hedging. The Funds primarily invest in publicly-traded equities, but may also include options, derivatives, bonds, and to a limited degree, privately-held securities. A concentrated portfolio is expected, with concentration levels and exposure levels dependent on the investment opportunities in the securities markets.
The investment process involves fundamental analysis of individual securities within their industries. This includes analyzing company documents, industry information, third-party research, and discussions with company management and industry participants. The Funds generally maintain a concentrated portfolio of global equity securities, potentially with significant exposure to a specific industry, sector, or issuer. This concentration can magnify losses and reduce the Funds’ capital.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| LGIH LGI Homes Inc | 0.59% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| BRK.B Berkshire Hathaway I | 3.16% |
| CCOI Cogent Communication | 1.93% |
| LC LendingClub Corp | 0.89% |
| OEC Orion S.A | 0.76% |
| GOOG Alphabet Inc. Class | 0.54% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| CCOI Cogent Communication | 20.74% |
| META Meta Platforms Inc | 9.81% |
| AMZN Amazon.com Inc | 9.4% |
| IAC IAC Inc | 8.61% |
| ENVA Enova International | 8.33% |
2025-03-31
13F Activity
| Market Value | $262m, Prior: $352m |
| Inflows (Outflows) as % of Total MV | (-20.4048)% |
| New Purchases | 0 stocks |
| Added To | 1 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 12 stocks |
| Top 10 Holdings % | 85.85% |
| Turnover %[1] | 5.88% |
| Turnover Alt %[2] | 0.59% |
| Time Held Top 20 | 11.875 quarters |
| Time Held Top 10 | 10.2 quarters |
| Time Held All | 13 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31