# SkyTop Capital Management LLC

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1512690. Source: https://holderbook.com/funds/1512690-skytop-capital-management-llc/

- Reported value: $96.8M
- Positions: 17
- Weight of the ten largest: 81.0%
- Filed: 2020-05-15

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 |
|---|---|---|---|---|---|
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $12.6M | 65,000 | 13.1% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.3M | 65,000 | 10.6% | 6 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $10.1M | 16,124 | 10.4% | 6 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $8.7M | 20,000 | 9.0% | 1 |
| CONSTELLIUM SE | [CSTM](https://holderbook.com/stocks/CSTM/) | $8.2M | 1,566,817 | 8.4% | 2 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $6.3M | 183,723 | 6.5% | 3 |
| IAA INC | [IAA](https://holderbook.com/stocks/IAA/) | $6.2M | 205,838 | 6.4% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.9M | 3,050 | 6.1% | 1 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $5.5M | 80,000 | 5.7% | 2 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $4.8M | 50,000 | 4.9% | 6 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $4.7M | 394,888 | 4.9% | 6 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $4.4M | 75,782 | 4.5% | 6 |
| CYRUSONE INC | [CONE](https://holderbook.com/stocks/CONE/) | $2.8M | 46,100 | 2.9% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.1M | 100,000 | 2.2% | 5 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $1.9M | 30,000 | 2.0% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $1.7M | 83,000 | 1.8% | 6 |
| SPARK NETWORKS SE | [LOVLQ](https://holderbook.com/stocks/LOVLQ/) | $657.0K | 254,822 | 0.7% | 3 |

## 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 | -31.5% | -19.9% | -11.6% | 92% |
| Q4 2019 | +5.0% | +8.5% | -3.5% | 100% |
| Q3 2019 | +7.2% | +1.3% | +5.9% | 100% |
| Q2 2019 | -5.7% | +3.7% | -9.5% | 100% |
| Q1 2019 | +18.9% | +13.0% | +5.9% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $96.8M | 17 |
| Q4 2019 | $128.6M | 20 |
| Q3 2019 | $127.6M | 18 |
| Q2 2019 | $117.5M | 12 |
| Q1 2019 | $106.8M | 12 |
| Q4 2018 | $74.2M | 20 |