# ACT II MANAGEMENT, LP

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1450008. Source: https://holderbook.com/funds/1450008-act-ii-management-lp/

- Reported value: $33.8M
- Positions: 11
- Weight of the ten largest: 98.2%
- Filed: 2020-05-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $6.5M | 38,768 | 19.1% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.0M | 4,280 | 14.7% | 10 |
| LIBERTY BROADBAND CORP | [LBRDA](https://holderbook.com/stocks/LBRDA/) | $5.0M | 46,310 | 14.7% | 10 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $4.9M | 138,297 | 14.6% | 10 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $3.2M | 55,746 | 9.5% | 10 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.6M | 75,000 | 7.6% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.2M | 23,051 | 6.6% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.6M | 30,000 | 4.8% | 6 |
| LIBERTY MEDIA CORP DEL | [LSXMAXXXX](https://holderbook.com/stocks/LSXMAXXXX/) | $1.2M | 39,233 | 3.7% | 2 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $977.0K | 90,995 | 2.9% | 10 |
| OUTFRONT MEDIA INC | [OUTXXXX](https://holderbook.com/stocks/OUTXXXX/) | $607.0K | 45,000 | 1.8% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2020 | -28.1% | -19.9% | -8.2% | 98% |
| Q4 2019 | +6.8% | +8.5% | -1.6% | 100% |
| Q3 2019 | -2.1% | +1.3% | -3.4% | 100% |
| Q2 2019 | +3.6% | +3.7% | -0.2% | 91% |
| Q1 2019 | +18.1% | +13.0% | +5.1% | 100% |
| Q4 2018 | -15.5% | -14.0% | -1.5% | 99% |
| Q3 2018 | +8.2% | +7.2% | +1.1% | 101% |
| Q2 2018 | +10.8% | +3.1% | +7.7% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $33.8M | 11 |
| Q4 2019 | $102.8M | 21 |
| Q3 2019 | $104.3M | 21 |
| Q2 2019 | $109.5M | 22 |
| Q1 2019 | $120.4M | 26 |
| Q4 2018 | $111.7M | 24 |
| Q3 2018 | $143.2M | 22 |
| Q2 2018 | $140.7M | 24 |
| Q1 2018 | $141.4M | 23 |
| Q4 2017 | $155.0M | 21 |