# Builders Union LLP

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1771067. Source: https://holderbook.com/funds/1771067-builders-union-llp/

- Reported value: $99.6M
- Positions: 12
- Weight of the ten largest: 98.8%
- Filed: 2023-02-14

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 |
|---|---|---|---|---|---|
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $16.9M | 52,720 | 17.0% | 9 |
| STONECO LTD | [STNE](https://holderbook.com/stocks/STNE/) | $15.3M | 1,625,100 | 15.4% | 2 |
| MAGNITE INC | [MGNI](https://holderbook.com/stocks/MGNI/) | $12.4M | 1,169,700 | 12.4% | 2 |
| FIVERR INTL LTD | [FVRR](https://holderbook.com/stocks/FVRR/) | $11.3M | 387,900 | 11.3% | 2 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $11.2M | 270,225 | 11.3% | 9 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $10.8M | 1,206,000 | 10.8% | 2 |
| PLAYBOY INC | [PLBY](https://holderbook.com/stocks/PLBY/) | $10.0M | 3,637,007 | 10.0% | 5 |
| FUBOTV INC | [FUBO](https://holderbook.com/stocks/FUBO/) | $4.1M | 2,372,800 | 4.1% | 2 |
| THE REALREAL INC | [REAL](https://holderbook.com/stocks/REAL/) | $3.5M | 2,776,000 | 3.5% | 2 |
| GENIUS SPORTS LIMITED | [GENI](https://holderbook.com/stocks/GENI/) | $2.9M | 800,000 | 2.9% | 2 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $963.6K | 203,300 | 1.0% | 2 |
| CAZOO GROUP LTD | [CZOO](https://holderbook.com/stocks/CZOO/) | $255.1K | 1,626,901 | 0.3% | 2 |

## 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 2022 | -11.0% | +7.1% | -18.0% | 100% |
| Q3 2022 | -13.8% | -5.3% | -8.5% | 100% |
| Q2 2022 | -39.7% | -16.5% | -23.2% | 100% |
| Q1 2022 | -34.3% | -4.9% | -29.4% | 100% |
| Q4 2021 | -11.9% | +10.7% | -22.6% | 100% |
| Q3 2021 | +3.6% | +0.3% | +3.3% | 94% |
| Q2 2021 | +21.4% | +8.0% | +13.4% | 100% |
| Q1 2021 | +3.4% | +6.0% | -2.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $99.6M | 12 |
| Q3 2022 | $113.9M | 12 |
| Q2 2022 | $53.2M | 8 |
| Q1 2022 | $148.5M | 13 |
| Q4 2021 | $222.0M | 11 |
| Q3 2021 | $255.0M | 10 |
| Q2 2021 | $687.8M | 12 |
| Q1 2021 | $233.3M | 8 |
| Q4 2020 | $280.4M | 9 |