# ROCKSHELTER CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1607231. Source: https://holderbook.com/funds/1607231-rockshelter-capital-management-llc/

- Reported value: $223.6M
- Positions: 42
- Weight of the ten largest: 59.6%
- Filed: 2020-08-06

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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $25.5M | 142,755 | 11.4% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $17.6M | 12,423 | 7.9% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.2M | 12,134 | 7.7% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $17.2M | 75,579 | 7.7% | 7 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.7M | 146,152 | 6.1% | 7 |
| LIBERTY BROADBAND CORP | [LBRDA](https://holderbook.com/stocks/LBRDA/) | $11.0M | 89,829 | 4.9% | 7 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $8.6M | 361,031 | 3.8% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.5M | 23,222 | 3.8% | 7 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $7.2M | 195,011 | 3.2% | 7 |
| MMA CAPITAL HOLDINGS INC | [MMAC](https://holderbook.com/stocks/MMAC/) | $7.0M | 304,712 | 3.2% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.7M | 60,134 | 3.0% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $6.6M | 128,739 | 2.9% | 7 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $6.4M | 113,285 | 2.9% | 4 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $6.1M | 105,556 | 2.7% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $6.0M | 193,344 | 2.7% | 3 |
| LIBERTY MEDIA CORP DEL | [LSXMAXXXX](https://holderbook.com/stocks/LSXMAXXXX/) | $5.4M | 157,453 | 2.4% | 5 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $4.9M | 193,856 | 2.2% | 7 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $4.2M | 107,898 | 1.9% | 7 |
| KINROSS GOLD CORP | [KGC](https://holderbook.com/stocks/KGC/) | $3.7M | 508,330 | 1.6% | 7 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $3.4M | 24,042 | 1.5% | 2 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $3.4M | 32,529 | 1.5% | 7 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $3.4M | 47,825 | 1.5% | 7 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $3.1M | 962 | 1.4% | 7 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.7M | 74,209 | 1.2% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 12,322 | 1.1% | 2 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $2.2M | 7,874 | 1.0% | 2 |
| ALLEGIANT TRAVEL CO | [ALGT](https://holderbook.com/stocks/ALGT/) | $2.1M | 19,257 | 0.9% | 1 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.1M | 19,765 | 0.9% | 1 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $2.1M | 4,070 | 0.9% | 7 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $1.8M | 20,412 | 0.8% | 1 |
| DISH NETWORK CORPORATION | [DISH](https://holderbook.com/stocks/DISH/) | $1.8M | 52,793 | 0.8% | 7 |
| LIBERTY LATIN AMERICA LTD | [LILAK](https://holderbook.com/stocks/LILAK/) | $1.4M | 150,093 | 0.6% | 1 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $1.2M | 43,268 | 0.5% | 6 |
| SPIRIT AIRLS INC | [SAVEQ](https://holderbook.com/stocks/SAVEQ/) | $1.1M | 63,214 | 0.5% | 7 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $1.1M | 18,060 | 0.5% | 7 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.0M | 68,456 | 0.5% | 7 |
| SPIRIT AEROSYSTEMS HLDGS INC | [SPR](https://holderbook.com/stocks/SPR/) | $834.0K | 34,831 | 0.4% | 1 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $778.0K | 28,868 | 0.3% | 7 |
| MRC GLOBAL INC | [MRC](https://holderbook.com/stocks/MRC/) | $665.0K | 112,590 | 0.3% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $653.0K | 23,288 | 0.3% | 3 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $554.0K | 20,635 | 0.2% | 6 |
| MARVELL TECHNOLOGY GROUP LTD | [MRVLXXXX](https://holderbook.com/stocks/MRVLXXXX/) | $265.0K | 7,550 | 0.1% | 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 |
|---|---|---|---|---|
| Q2 2020 | +19.5% | +19.6% | -0.1% | 100% |
| Q1 2020 | -26.9% | -19.9% | -7.0% | 100% |
| Q4 2019 | +11.4% | +8.5% | +2.9% | 100% |
| Q3 2019 | +0.1% | +1.3% | -1.2% | 100% |
| Q2 2019 | +4.2% | +3.7% | +0.4% | 99% |
| Q1 2019 | +10.2% | +13.0% | -2.8% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $223.6M | 42 |
| Q1 2020 | $205.0M | 36 |
| Q4 2019 | $279.3M | 39 |
| Q3 2019 | $250.3M | 36 |
| Q2 2019 | $291.6M | 38 |
| Q1 2019 | $288.6M | 38 |
| Q4 2018 | $276.1M | 39 |