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SCOPIA CAPITAL MANAGEMENT LP
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NEW YORK NY
Investment Advisor
Hedge Fund
Activist Investor
Scopia Capital Management is based out of New York. Scopia Capital Management is a hedge fund with 13 clients and discretionary assets under management (AUM) of $1,619,681,040 (Form ADV from 2024-04-24). Their last reported 13F filing for Q3 2024 included $484,565,685 in managed 13F securities
and a top 10 holdings concentration of 50.22%. Scopia Capital Management's largest holding is Regal Rexnord Corp with shares held of 196,334. Whalewisdom has at least 84 13F filings, 62 13D filings, 157 13G filings, and 48 Form 4 filings
Business Description
The Adviser, a Delaware limited partnership, is an investment advisor with its principal place of business in New York, New York. Controlled by Matthew Sirovich and Jeremy Mindich, the Adviser has been providing advisory services since 2001 and has been registered with the SEC since 2003. The Adviser provides investment advisory services on a discretionary basis to clients that are pooled investment vehicles, including market-neutral hedge funds and a long-only fund.
The Adviser generally does not tailor its advisory services to individual investor needs but has entered into agreements with certain investors and clients, granting them specific rights, such as imposing investment restrictions. As of December 31, 2023, the Adviser managed $1,163,868,979 of regulatory assets under management on a discretionary basis.
Investment Strategy
The Adviser employs a fundamentals-based, value-driven investment approach across two strategies: a long-short equity strategy managed with the discipline of market neutrality and a long-only equity strategy. The long-short equity strategy aims to identify investments primarily in publicly-traded equities (on both U.S. and non-U.S. exchanges) including initial public offerings, but may also include options, derivatives and bonds that the Adviser believes will increase in value (or at least maintain their value) even in a falling market. Conversely, this strategy also identifies and sells short stocks that the Adviser believes will drop in value (or at least under-perform) regardless of the industry they serve and the market’s overall direction.
The long portfolio focuses on dynamic companies protected by low valuations relative to free cash flow, strong cash positions or valuable intellectual property and sensible business models. The short portfolio selects companies that the Adviser determines are not only... (The text cuts off here, so we cannot provide a complete summary of the short portfolio selection criteria).
Owners
- SCOPIA MANAGEMENT, INC. - GENERAL PARTNER OF SCOPIA CAPITAL MANAGEMENT LP
- SIROVICH, MATTHEW, IVAN - FOUNDING PARTNER, MANAGING DIRECTOR OF GENERAL PARTNER OF SCOPIA CAPITAL MANAGEMENT LP
- LANDE, JEROME, JAY - PARTNER
- MINDICH, JEREMY, HENDRIK - FOUNDING PARTNER, MANAGING DIRECTOR OF GENERAL PARTNER OF SCOPIA CAPITAL MANAGEMENT LP
- MORSE, AARON, WILLIAM - PARTNER, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER
- NASELLO, SAMANTHA, WEISEN - PARTNER, CHIEF FINANCIAL OFFICER
- SLAVIN, GREGORY - PARTNER
- TAUB, JASON, A - PARTNER
- BLUE OWL GP STAKES I (A) LP - SPECIAL LIMITED PARTNER OF SCOPIA CAPITAL MANAGEMENT LP
- BLUE OWL GP STAKES I (B) LP - SPECIAL MEMBER OF SCOPIA CAPITAL GP LLC Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| ESTC Elastic NV | 3.82% |
| DRVN Driven Brands Holdin | 3.49% |
| DLTR Dollar Tree Inc | 3.33% |
| CTVA Corteva Inc | 3.19% |
| TSEM Tower Semiconductor | 2.87% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| INDV Indivior Plc | 11.11% |
| FTRE Fortrea Holdings Inc | 5.08% |
| HLIT Harmonic Inc | 3.15% |
| CXM Sprinklr Inc | 2.57% |
| SMAR Smartsheet Inc | 2.56% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| RRX Regal Rexnord Corp | 6.72% |
| HLIT Harmonic Inc | 6.61% |
| CTVA Corteva Inc | 5.95% |
| AER Aercap Holdings N.V | 5.21% |
| MRCY Mercury Systems Inc | 5.19% |
2024-09-30
13F Activity
| Market Value | $485m, Prior: $0.68b |
| Inflows (Outflows) as % of Total MV | (-38.7285)% |
| New Purchases | 8 stocks |
| Added To | 4 stocks |
| Sold out of | 7 stocks |
| Reduced holdings in | 15 stocks |
| Top 10 Holdings % | 50.22% |
| Turnover %[1] | 36.59% |
| Turnover Alt %[2] | 26.38% |
| Time Held Top 20 | 4.2 quarters |
| Time Held Top 10 | 3.6 quarters |
| Time Held All | 6.21 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.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30