Equal-WT
WhaleScore 2.0
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SG Capital Management is based out of Chicago. SG Capital Management is a hedge fund with 20 clients and discretionary assets under management (AUM) of $436,300,000 (Form ADV from 2024-03-07). Their last reported 13F filing for Q4 2024 included $1,034,807,190 in managed 13F securities
and a top 10 holdings concentration of 51.82%. SG Capital Management's largest holding is Bruker Corp with shares held of 1,378,650. Whalewisdom has at least 67 13F filings
Business Description
SG Capital, founded in April 2002 by Ken Grossman and Glen Schneider, is organized under the laws of the State of Delaware and is domiciled in Chicago, Illinois. Glen Schneider is the Co-Founder, President, and now 100% owner of the Firm.
SG Capital provides discretionary investment management to private funds and separate accounts for institutions. They manage the Cedar Street Fund, LP, the Cedar Street Offshore Fund, Ltd, and the Cedar Street Teton Fund, LP.
Investment Strategy
Cedar Street strategies focus on small and mid-capitalization companies, while Teton strategies consider all capitalization levels. The investment approach involves bottom-up, fundamental analysis, seeking companies poised to exceed or fall short of Wall Street expectations. A key element is event-driven investing, particularly focusing on the volatility in small caps following earnings reports.
The portfolios are concentrated, typically holding 30-50 names, aiming for low standard deviation, low beta, and returns uncorrelated to the market. The investment philosophy and fundamental stock selection process remain consistent across all funds. The firm seeks companies that are inexpensive (expensive) due to misinterpretations of current business conditions. While the majority of holdings are in equities, long put and call option contracts are used to protect capital.
Owners
- STEINBERG, ETHAN, ADGER - MANAGING DIRECTOR
- RUDMAN, NICOLETTE - CHIEF COMPLIANCE OFFICER
- SCHNEIDER, GLEN - PRESIDENT 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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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| BRKR Bruker Corp | 7.81% |
| WNS WNS (Holdings) Limit | 6.95% |
| BRKR Bruker Corp (PUT) | 5.71% |
| TER Teradyne Inc | 3.41% |
| MLI Mueller Industries I | 3.35% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| AVTR Avantor Inc | 4.74% |
| FLR Fluor Corporation | 3.6% |
| MTZ Mastec Inc. | 3.49% |
| THS TreeHouse Foods Inc | 3.38% |
| AVTR Avantor Inc (PUT) | 3.24% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| BRKR Bruker Corp | 7.81% |
| WNS WNS (Holdings) Limit | 6.95% |
| HAE Haemonetics Corp. | 6.63% |
| ATGE Adtalem Global Educa | 6.36% |
| BRKR Bruker Corp(PUT) | 5.71% |
2024-12-31
13F Activity
| Market Value | $1.03b, Prior: $0.80b |
| Inflows (Outflows) as % of Total MV | +13.9796% |
| New Purchases | 33 stocks |
| Added To | 11 stocks |
| Sold out of | 36 stocks |
| Reduced holdings in | 12 stocks |
| Top 10 Holdings % | 51.82% |
| Turnover %[1] | 74.19% |
| Turnover Alt %[2] | 35.39% |
| Time Held Top 20 | 1.1 quarters |
| Time Held Top 10 | 1.4 quarters |
| Time Held All | 1.09 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.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31