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SCW Capital Management, LP

SEC CIK
0001738045
Latest filing
Nov 14, 2022

The latest 13F from SCW Capital Management, LP covers Q3 2022 (filed Nov 14, 2022): 6 long positions worth $44.0M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Akumin Inc. (AKU) at 44.3%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$1.65M
Added
1
Est. +$21.5K
Reduced
1
Est. −$3.52M
Sold out
3
Est. −$5.97M

Top 5 holdings

Share of this quarter's portfolio value

  1. AKUAkumin Inc.
    44.3%$19.5MHistory
  2. RCMR1 RCM Inc.
    22.6%$9.96MHistory
  3. AXGNAxogen, Inc.
    11.4%$5.02MHistory
  4. VYXNCR Voyix Corp
    9.6%$4.21MHistory
  5. TBCHTurtle Beach Corp
    8.3%$3.65MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. TATravelCenters of America Inc.
    +$1.65MNewHistory
  2. AXGNAxogen, Inc.
    +$21.5KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AXGNAxogen, Inc.
    +4.06 pp7.4% → 11.4%History
  2. TATravelCenters of America Inc.
    +3.74 pp0.0% → 3.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. VYXNCR Voyix Corp
    −$3.52MReducedHistory
  2. ODPODP Corp
    −$2.08MSold outHistory
  3. LNWOLight & Wonder, Inc.
    −$2.08MSold outHistory
  4. INNVInnovAge Holding Corp.
    −$1.81MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. VYXNCR Voyix Corp
    −17.52 pp27.1% → 9.6%History
  2. ODPODP Corp
    −4.45 pp4.5% → 0.0%History
  3. LNWOLight & Wonder, Inc.
    −4.44 pp4.4% → 0.0%History
  4. INNVInnovAge Holding Corp.
    −3.88 pp3.9% → 0.0%History

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$44.0M
−$2.73M (−5.8%) vs. prior quarter
Positions
6
−2 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
3.7%
Q3 2022, one quarter
Average holding period
4.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $159.8M (Q1 2021)

Q1 2021: $159.8MQ2 2021: $144.2MQ3 2021: $123.4MQ4 2021: $111.1MQ1 2022: $71.6MQ2 2022: $46.7MQ3 2022: $44.0M
Q1 2021Q3 2022
13F filings of SCW Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Nov 14, 20226$44.0MAKURCMAXGNvs. Q2 2022SEC
Q2 2022Aug 10, 20228$46.7MVYXRCMAKUvs. Q1 2022SEC
Q1 2022May 13, 20229$71.6MAKURCMVYXvs. Q4 2021SEC
Q4 2021Feb 14, 20229$111.1MVRSAKURCMvs. Q3 2021SEC
Q3 2021Nov 12, 20218$123.4MVRSAKURCMvs. Q2 2021SEC
Q2 2021Aug 13, 20218$144.2MVRSAKURCMvs. Q1 2021SEC
Q1 2021May 14, 20219$159.8MAKUVRSHNGR–SEC

13D and 13G filings

Companies where SCW Capital Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

SCW Capital Management, LP does not currently report owning 5% or more of any company.

Latest filings

6 filings on file made by SCW Capital Management, LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by SCW Capital Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AKUAkumin Inc.Dec 22, 202213DOld format–––SEC
VRSBillerud Americas CorpMar 8, 202213D/AOld format–––SEC
VRSBillerud Americas CorpMar 4, 202213D/AOld format–––SEC
AKUAkumin Inc.Feb 14, 202213G/AOld format–––SEC
VRSBillerud Americas CorpAug 18, 202113D/AOld format–––SEC
AKUAkumin Inc.Feb 12, 202113G/AOld format–––SEC