# ASTURIAS CAPITAL LLC

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1641173. Source: https://holderbook.com/funds/1641173-asturias-capital-llc/

- Reported value: $220.1M
- Positions: 28
- Weight of the ten largest: 56.0%
- Filed: 2020-02-14

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 |
|---|---|---|---|---|---|
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $17.3M | 61,300 | 7.9% | 2 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $16.3M | 55,356 | 7.4% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $16.0M | 8,648 | 7.3% | 5 |
| ATLASSIAN CORP PLC | [TEAMXXXX](https://holderbook.com/stocks/TEAMXXXX/) | $13.3M | 110,800 | 6.1% | 2 |
| LIBERTY BROADBAND CORP | [LBRDK](https://holderbook.com/stocks/LBRDK/) | $12.8M | 102,016 | 5.8% | 4 |
| IAC INTERACTIVECORP | [IACXXXX](https://holderbook.com/stocks/IACXXXX/) | $11.2M | 44,900 | 5.1% | 1 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $10.1M | 0 | 4.6% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.9M | 56,292 | 4.0% | 5 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $8.7M | 53,655 | 4.0% | 5 |
| GCI LIBERTY INC | [GLIBA](https://holderbook.com/stocks/GLIBA/) | $8.6M | 121,100 | 3.9% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $8.4M | 26,000 | 3.8% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.3M | 40,300 | 3.8% | 1 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $7.9M | 126,900 | 3.6% | 1 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $7.8M | 72,100 | 3.5% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $7.7M | 0 | 3.5% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $6.7M | 52,700 | 3.0% | 1 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $6.4M | 169,400 | 2.9% | 1 |
| BILIBILI INC | [BILI](https://holderbook.com/stocks/BILI/) | $6.3M | 337,300 | 2.9% | 2 |
| CANNAE HLDGS INC | [CNNE](https://holderbook.com/stocks/CNNE/) | $5.6M | 151,742 | 2.6% | 4 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $5.4M | 68,319 | 2.4% | 5 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $4.4M | 0 | 2.0% | 1 |
| UPWORK INC | [UPWK](https://holderbook.com/stocks/UPWK/) | $4.3M | 405,140 | 2.0% | 1 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $3.8M | 28,700 | 1.7% | 1 |
| OPTIMUM COMMUNICATIONS INC | [OPTU](https://holderbook.com/stocks/OPTU/) | $3.5M | 127,600 | 1.6% | 1 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $2.9M | 43,300 | 1.3% | 1 |
| TELARIA INC | [TLRA](https://holderbook.com/stocks/TLRA/) | $2.8M | 320,200 | 1.3% | 1 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $2.7M | 16,300 | 1.2% | 1 |
| PAGERDUTY INC | [PD](https://holderbook.com/stocks/PD/) | $2.0M | 85,000 | 0.9% | 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 | +13.9% | +8.5% | +5.5% | 100% |
| Q3 2019 | -0.1% | +1.3% | -1.4% | 90% |
| Q2 2019 | +6.5% | +3.7% | +2.8% | 100% |
| Q1 2019 | +15.4% | +13.0% | +2.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $220.1M | 28 |
| Q3 2019 | $159.5M | 18 |
| Q2 2019 | $196.6M | 16 |
| Q1 2019 | $217.4M | 19 |
| Q4 2018 | $213.6M | 17 |