# ADI CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1595961. Source: https://holderbook.com/funds/1595961-adi-capital-management-llc/

- Reported value: $17.5M
- Positions: 24
- Weight of the ten largest: 67.9%
- Filed: 2020-02-21

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 |
|---|---|---|---|---|---|
| GS ACQUISITION HLDGS CORP | [GSAH](https://holderbook.com/stocks/GSAH/) | $2.2M | 200,000 | 12.6% | 1 |
| CLARIVATE PLC | [CLVT](https://holderbook.com/stocks/CLVT/) | $1.8M | 110,000 | 10.6% | 1 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $1.4M | 7,525 | 7.8% | 4 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $1.3M | 71,341 | 7.4% | 3 |
| RINGCENTRAL INC | [RNG](https://holderbook.com/stocks/RNG/) | $1.0M | 6,050 | 5.8% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $998.0K | 6,500 | 5.7% | 4 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $896.0K | 3,000 | 5.1% | 4 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $843.0K | 55,850 | 4.8% | 4 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $748.0K | 4,842 | 4.3% | 5 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $667.0K | 6,500 | 3.8% | 4 |
| PAPA JOHNS INTL INC | [PZZA](https://holderbook.com/stocks/PZZA/) | $632.0K | 10,000 | 3.6% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $552.0K | 1,700 | 3.2% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $518.0K | 1,600 | 3.0% | 4 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $507.0K | 8,000 | 2.9% | 3 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $492.0K | 8,700 | 2.8% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $476.0K | 2,924 | 2.7% | 5 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $354.0K | 2,000 | 2.0% | 3 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $339.0K | 1,200 | 1.9% | 3 |
| TRIUMPH GROUP INC NEW | [TGI](https://holderbook.com/stocks/TGI/) | $329.0K | 13,000 | 1.9% | 3 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $325.0K | 3,000 | 1.9% | 3 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $295.0K | 3,000 | 1.7% | 4 |
| VIAVI SOLUTIONS INC | [VIAV](https://holderbook.com/stocks/VIAV/) | $292.0K | 19,495 | 1.7% | 2 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $273.0K | 2,300 | 1.6% | 1 |
| QIAGEN NV | - | $237.0K | 7,000 | 1.4% | 1 |

## 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 |
|---|---|---|---|---|
| Q4 2019 | +11.1% | +8.5% | +2.6% | 96% |
| Q3 2019 | -6.5% | +1.3% | -7.8% | 100% |
| Q2 2019 | +4.4% | +3.7% | +0.7% | 88% |
| Q1 2019 | +20.0% | +13.0% | +7.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $17.5M | 24 |
| Q3 2019 | $16.3M | 22 |
| Q2 2019 | $22.8M | 22 |
| Q1 2019 | $20.9M | 24 |
| Q4 2018 | $33.2M | 9 |