# Circle Road Advisors LP

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1681453. Source: https://holderbook.com/funds/1681453-circle-road-advisors-lp/

- Reported value: $27.7M
- Positions: 10
- Weight of the ten largest: 100.0%
- Filed: 2020-02-13

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 |
|---|---|---|---|---|---|
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $6.5M | 22,694 | 23.3% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.8M | 15,007 | 17.4% | 5 |
| GLAXOSMITHKLINE PLC | [GSKXXXX](https://holderbook.com/stocks/GSKXXXX/) | $3.0M | 64,767 | 11.0% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.6M | 42,504 | 9.4% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.6M | 11,472 | 9.4% | 2 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $2.6M | 38,132 | 9.3% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.6M | 1,913 | 9.2% | 3 |
| STARS GROUP INC | [TSG](https://holderbook.com/stocks/TSG/) | $1.1M | 41,511 | 3.9% | 1 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $975.0K | 6,511 | 3.5% | 2 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $975.0K | 17,243 | 3.5% | 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 | +8.1% | +8.5% | -0.3% | 100% |
| Q3 2019 | +2.3% | +1.3% | +1.0% | 100% |
| Q2 2019 | +1.6% | +3.7% | -2.1% | 100% |
| Q1 2019 | +13.1% | +13.0% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $27.7M | 10 |
| Q3 2019 | $61.2M | 14 |
| Q2 2019 | $68.5M | 15 |
| Q1 2019 | $92.5M | 17 |
| Q4 2018 | $105.2M | 21 |