FIRST SABREPOINT CAPITAL MANAGEMENT LP Hedge Fund

CIK: 0001731530 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 15, 2019

Total Value ($000): $216,924 (100.0% shares, 0.0% debt)

Holdings (27)

LOPE GRAND CANYON ED INC 10.6%

Value ($000) $22,902 Shares 200,000 Est. Cost $101.37 Unrealized +1.7%

SEB SEABOARD CORP 7.2%

Value ($000) $15,622 Shares 3,646 Est. Cost $3752.95 Unrealized +0.8%

ILPT INDUSTRIAL LOGISTICS PPTYS T 6.5%

Value ($000) $14,038 Shares 695,960 Est. Cost $20.65 Unrealized —

CLW CLEARWATER PAPER CORP 5.8%

Value ($000) $12,564 Shares 644,966 Est. Cost $26.91 Unrealized +6.9%

FIVN FIVE9 INC 5.7%

Value ($000) $12,294 Shares 232,709 Est. Cost $43.68 Unrealized +16.4%

— PIVOTAL SOFTWARE INC 5.6%

Value ($000) $12,197 Shares 585,000 Est. Cost $16.35 Unrealized —

— CERIDIAN HCM HLDG INC 4.4%

Value ($000) $9,491 Shares 185,000 Est. Cost $40.11 Unrealized +10.2%

— TURNING PT BRANDS INC 4.2%

Value ($000) $9,218 Shares 200,000 Est. Cost — Unrealized —

— PERSPECTA INC 3.7%

Value ($000) $8,088 Shares 400,000 Est. Cost $25.17 Unrealized —

DLTR DOLLAR TREE INC 3.7%

Value ($000) $7,983 Shares 76,000 Est. Cost $86.51 Unrealized +13.5%

SPOT SPOTIFY TECHNOLOGY S A 3.2%

Value ($000) $6,940 Shares 50,000 Est. Cost $155.78 Unrealized -12.2%

PKG PACKAGING CORP AMER 3.0%

Value ($000) $6,460 Shares 65,000 Est. Cost $86.61 Unrealized -11.1%

EEFT EURONET WORLDWIDE INC 3.0%

Value ($000) $6,417 Shares 45,000 Est. Cost $85.97 Unrealized +45.0%

PGR PROGRESSIVE CORP OHIO 2.9%

Value ($000) $6,344 Shares 87,997 Est. Cost $54.29 Unrealized +2.2%

DHI D R HORTON INC 2.9%

Value ($000) $6,207 Shares 150,000 Est. Cost $36.40 Unrealized 0.0%

DIS DISNEY WALT CO 2.8%

Value ($000) $6,107 Shares 55,000 Est. Cost $103.25 Unrealized +4.5%

EZPW EZCORP INC 2.8%

Value ($000) $6,090 Shares 653,481 Est. Cost $9.43 Unrealized 0.0%

SHW SHERWIN WILLIAMS CO 2.8%

Value ($000) $6,030 Shares 14,000 Est. Cost $126.58 Unrealized +3.4%

EGHT 8X8 INC NEW 2.8%

Value ($000) $5,973 Shares 295,688 Est. Cost $16.89 Unrealized +15.7%

IBKR INTERACTIVE BROKERS GROUP IN 2.8%

Value ($000) $5,966 Shares 115,000 Est. Cost $12.75 Unrealized -1.2%

— CLEARWATER PAPER CORP 2.7%

Value ($000) $5,844 Shares 300,000 Est. Cost — Unrealized —

— STANDARD DIVERSIFIED INC 2.4%

Value ($000) $5,138 Shares 267,749 Est. Cost $15.84 Unrealized —

TPB TURNING PT BRANDS INC 2.0%

Value ($000) $4,432 Shares 96,152 Est. Cost $29.07 Unrealized +31.8%

— CONTURA ENERGY INC 2.0%

Value ($000) $4,344 Shares 75,000 Est. Cost $67.39 Unrealized —

— PIVOTAL SOFTWARE INC 1.7%

Value ($000) $3,753 Shares 180,000 Est. Cost — Unrealized —

UPLD UPLAND SOFTWARE IN 1.6%

Value ($000) $3,537 Shares 83,500 Est. Cost $31.87 Unrealized +6.7%

LEN LENNAR CORP 1.4%

Value ($000) $2,945 Shares 60,000 Est. Cost $41.59 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LOPE	GRAND CANYON ED INC	200,000	$22,902	10.6%	$101.37	+1.7%	COM	38526M106
SEB	SEABOARD CORP	3,646	$15,622	7.2%	$3752.95	+0.8%	COM	811543107
ILPT	INDUSTRIAL LOGISTICS PPTYS T	695,960	$14,038	6.5%	$20.65	—	COM SHS BEN INT	456237106
CLW	CLEARWATER PAPER CORP	644,966	$12,564	5.8%	$26.91	+6.9%	COM	18538R103
FIVN	FIVE9 INC	232,709	$12,294	5.7%	$43.68	+16.4%	COM	338307101
—	PIVOTAL SOFTWARE INC	585,000	$12,197	5.6%	$16.35	—	COM CL A	72582H107
—	CERIDIAN HCM HLDG INC	185,000	$9,491	4.4%	$40.11	+10.2%	COM	15677J108
—	TURNING PT BRANDS INC	200,000	$9,218	4.2%	—	—	Call	90041L905
—	PERSPECTA INC	400,000	$8,088	3.7%	$25.17	—	COM	715347100
DLTR	DOLLAR TREE INC	76,000	$7,983	3.7%	$86.51	+13.5%	COM	256746108
SPOT	SPOTIFY TECHNOLOGY S A	50,000	$6,940	3.2%	$155.78	-12.2%	SHS	L8681T102
PKG	PACKAGING CORP AMER	65,000	$6,460	3.0%	$86.61	-11.1%	COM	695156109
EEFT	EURONET WORLDWIDE INC	45,000	$6,417	3.0%	$85.97	+45.0%	COM	298736109
PGR	PROGRESSIVE CORP OHIO	87,997	$6,344	2.9%	$54.29	+2.2%	COM	743315103
DHI	D R HORTON INC	150,000	$6,207	2.9%	$36.40	0.0%	COM	23331A109
DIS	DISNEY WALT CO	55,000	$6,107	2.8%	$103.25	+4.5%	COM DISNEY	254687106
EZPW	EZCORP INC	653,481	$6,090	2.8%	$9.43	0.0%	CL A NON VTG	302301106
SHW	SHERWIN WILLIAMS CO	14,000	$6,030	2.8%	$126.58	+3.4%	COM	824348106
EGHT	8X8 INC NEW	295,688	$5,973	2.8%	$16.89	+15.7%	COM	282914100
IBKR	INTERACTIVE BROKERS GROUP IN	115,000	$5,966	2.8%	$12.75	-1.2%	COM CL A	45841N107
—	CLEARWATER PAPER CORP	300,000	$5,844	2.7%	—	—	Call	18538R903
—	STANDARD DIVERSIFIED INC	267,749	$5,138	2.4%	$15.84	—	COM CL A	85336L109
TPB	TURNING PT BRANDS INC	96,152	$4,432	2.0%	$29.07	+31.8%	COM	90041L105
—	CONTURA ENERGY INC	75,000	$4,344	2.0%	$67.39	—	COM	21241B100
—	PIVOTAL SOFTWARE INC	180,000	$3,753	1.7%	—	—	Call	72582H907
UPLD	UPLAND SOFTWARE IN	83,500	$3,537	1.6%	$31.87	+6.7%	COM	91544A109
LEN	LENNAR CORP	60,000	$2,945	1.4%	$41.59	0.0%	CL A	526057104