# Flow State Investments, L.P.

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1850755. Source: https://holderbook.com/funds/1850755-flow-state-investments-l-p/

- Reported value: $244.5M
- Positions: 44
- Weight of the ten largest: 57.5%
- Filed: 2024-11-14

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 |
|---|---|---|---|---|---|
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $43.3M | 319,004 | 17.7% | 4 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $15.1M | 246,606 | 6.2% | 5 |
| ALBERTSONS COMPANIES INC | [ACI](https://holderbook.com/stocks/ACI/) | $13.2M | 454,182 | 5.4% | 8 |
| SEAGATE HDD CAYMAN | - | $11.5M | 8,000,000 | 4.7% | 1 |
| BOOKING HOLDINGS INC | - | $11.2M | 5,000,000 | 4.6% | 6 |
| AKAMAI TECHNOLOGIES INC | - | $10.2M | 9,150,000 | 4.2% | 6 |
| INTERDIGITAL INC | - | $9.3M | 5,000,000 | 3.8% | 6 |
| HEWLETT PACKARD ENTERPRISE C | [HPEPRC](https://holderbook.com/stocks/HPEPRC/) | $9.1M | 150,000 | 3.7% | 1 |
| ROYAL CARIBBEAN GROUP | - | $8.9M | 2,500,000 | 3.7% | 5 |
| EXPEDIA GROUP INC | - | $8.6M | 9,000,000 | 3.5% | 1 |
| INSULET CORP | - | $8.4M | 7,000,000 | 3.4% | 1 |
| BENTLEY SYS INC | - | $8.3M | 9,000,000 | 3.4% | 2 |
| MIDDLEBY CORP | - | $8.1M | 7,000,000 | 3.3% | 6 |
| AVANGRID INC | [AGR](https://holderbook.com/stocks/AGR/) | $8.1M | 225,000 | 3.3% | 1 |
| SHIFT4 PMTS INC | - | $7.7M | 7,500,000 | 3.2% | 1 |
| SOUTHWESTERN ENERGY CO | [SWN](https://holderbook.com/stocks/SWN/) | $7.0M | 990,000 | 2.9% | 1 |
| LUMENTUM HLDGS INC | - | $5.8M | 5,000,000 | 2.4% | 1 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $5.6M | 0 | 2.3% | 1 |
| CMS ENERGY CORP | - | $5.4M | 5,000,000 | 2.2% | 2 |
| DEXCOM INC | - | $4.4M | 5,000,000 | 1.8% | 1 |
| NCL CORP LTD | - | $3.9M | 4,000,000 | 1.6% | 1 |
| UL SOLUTIONS INC | [ULS](https://holderbook.com/stocks/ULS/) | $3.7M | 65,200 | 1.5% | 2 |
| INVESTCORP EUROPE ACQUISITIO | [IVCBF](https://holderbook.com/stocks/IVCBF/) | $3.4M | 285,369 | 1.4% | 3 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $3.3M | 79,300 | 1.4% | 6 |
| RIVIAN AUTOMOTIVE INC | - | $2.7M | 3,000,000 | 1.1% | 2 |
| STERICYCLE INC | [SRCL](https://holderbook.com/stocks/SRCL/) | $2.1M | 35,000 | 0.9% | 1 |
| CATALENT INC | [CTLT](https://holderbook.com/stocks/CTLT/) | $1.8M | 30,000 | 0.7% | 1 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $1.6M | 30,000 | 0.7% | 3 |
| AMEDISYS INC | [AMED](https://holderbook.com/stocks/AMED/) | $1.6M | 17,000 | 0.7% | 5 |
| MARATHON OIL CORP | [MRO](https://holderbook.com/stocks/MRO/) | $1.3M | 50,000 | 0.5% | 2 |
| AXONICS INC | [AXNX](https://holderbook.com/stocks/AXNX/) | $1.3M | 19,000 | 0.5% | 1 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $1.2M | 17,100 | 0.5% | 1 |
| NUVEI CORPORATION | [NVEI](https://holderbook.com/stocks/NVEI/) | $1.2M | 36,000 | 0.5% | 1 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $1.2M | 33,892 | 0.5% | 1 |
| HASHICORP INC | [HCP](https://holderbook.com/stocks/HCP/) | $1.0M | 30,000 | 0.4% | 1 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $830.0K | 0 | 0.3% | 1 |
| UNITED STATES STL CORP NEW | [X](https://holderbook.com/stocks/X/) | $706.6K | 0 | 0.3% | 4 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $527.2K | 0 | 0.2% | 1 |
| LINEAGE INC | [LINE](https://holderbook.com/stocks/LINE/) | $391.9K | 5,000 | 0.2% | 1 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $317.8K | 0 | 0.1% | 1 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $305.1K | 2,038 | 0.1% | 2 |
| LIONSGATE STUDIOS CORP | [LION](https://holderbook.com/stocks/LION/) | $217.8K | 30,456 | 0.1% | 2 |
| ROCKET LAB USA INC | [RKLBXXXX](https://holderbook.com/stocks/RKLBXXXX/) | $194.6K | 0 | 0.1% | 1 |
| GATES INDL CORP PLC | [GTES](https://holderbook.com/stocks/GTES/) | $175.5K | 10,000 | 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 2023 | -1.0% | +8.3% | -9.3% | 73% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $244.5M | 44 |
| Q2 2024 | $317.2M | 202 |
| Q1 2024 | $350.1M | 225 |
| Q4 2023 | $318.3M | 216 |
| Q3 2023 | $322.8M | 219 |
| Q2 2023 | $260.9M | 212 |
| Q1 2023 | $123.2M | 196 |
| Q4 2022 | $114.8M | 171 |