Sheffield Asset Management, L.L.C 13F annual report
Sheffield Asset Management, L.L.C is an investment fund managing more than $48.1 million ran by Michelle Peluso. There are currently 13 companies in Mrs. Peluso’s portfolio. The largest investments include Cornerstone OnDemand and Drive Shack, together worth $11.2 million.
$48.1 million Assets Under Management (AUM)
As of 7th October 2020, Sheffield Asset Management, L.L.C’s top holding is 112,070 shares of Cornerstone OnDemand currently worth over $6.14 million and making up 12.8% of the portfolio value.
Relative to the number of outstanding shares of Cornerstone OnDemand, Sheffield Asset Management, L.L.C owns more than approximately 0.1% of the company.
In addition, the fund holds 1,181,873 shares of Drive Shack worth $5.09 million, whose value fell 15.5% in the past six months.
The third-largest holding is Vonage Hldgs Corp worth $4.95 million and the next is Nomad Foods worth $4.83 million, with 235,407 shares owned.
Currently, Sheffield Asset Management, L.L.C's portfolio is worth at least $48.1 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 Sheffield Asset Management, L.L.C
The Sheffield Asset Management, L.L.C office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Michelle Peluso serves as the Chief Compliance Officer at Sheffield Asset Management, L.L.C.
Recent trades
In the most recent 13F filing, Sheffield Asset Management, L.L.C revealed that it had increased its stake in
Cornerstone OnDemand and bought 3,900 additional shares worth around $144 thousand.
This means they effectively own approximately 0.1% of the company.
Cornerstone OnDemand makes up
40.1%
of the fund's Technology sector allocation and has decreased its share price by 32.7% in the past year.
On the other hand, there are companies that Sheffield Asset Management, L.L.C is getting rid of from its portfolio.
Sheffield Asset Management, L.L.C closed its position in Box on 14th November 2019.
It sold the previously owned 138,000 shares for $2.43 million.
Michelle Peluso also disclosed a decreased stake in Dave & Busters Entmt Inc by 0.2%.
This leaves the value of the investment at $3.8 million and 97,510 shares.
One of the smallest hedge funds
The two most similar investment funds to Sheffield Asset Management, L.L.C are All-stars Investment Ltd and Courage Capital Management. They manage $48.1 million and $48.1 million respectively.
Michelle Peluso investment strategy
Sheffield Asset Management, L.L.C’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 31.9% of
the total portfolio value.
The fund focuses on investments in the United States as
30.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
15% of the total holdings value.
On the other hand, large-cap stocks make up only 7.7% of the portfolio.
The average market cap of the portfolio companies is close to $3.3 billion.
The complete list of Sheffield Asset Management, L.L.C trades based on 13F SEC filings
These positions were updated on November 14th 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 |
|---|---|---|---|
| Cornerstone OnDemand, Inc. |
3.61%
112,070
|
$6,144,000 | 12.77% |
| Drive Shack, Inc. |
No change
1,181,873
|
$5,094,000 | 10.59% |
| Vonage Hldgs Corp |
10.05%
438,000
|
$4,949,000 | 10.28% |
| Nomad Foods Ltd. |
No change
235,407
|
$4,826,000 | 10.03% |
| Talend S A |
1.81%
139,915
|
$4,754,000 | 9.88% |
| Open Text Corp. |
No change
113,041
|
$4,613,000 | 9.59% |
| ACI Worldwide, Inc. |
3.65%
145,946
|
$4,572,000 | 9.50% |
| Dave & Busters Entmt Inc |
20.41%
97,510
|
$3,798,000 | 7.89% |
| Comcast Corp New |
No change
72,600
|
$3,273,000 | 6.80% |
| Wyndham Hotels & Resorts, Inc. |
18.79%
61,945
|
$3,205,000 | 6.66% |
| Box, Inc. |
Closed
138,000
|
$2,430,000 | |
| Instructure Inc |
No change
53,100
|
$2,057,000 | 4.27% |
| Transocean Ltd. |
No change
128,100
|
$573,000 | 1.19% |
| Seadrill Ltd. |
No change
125,900
|
$264,000 | 0.55% |
| No transactions found | |||
| Showing first 500 out of 14 holdings | |||
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