# CTC Capital Management, LLC

> Institutional holdings reported to the SEC as of Q1 2023 on Form 13F. CIK 1910419. Source: https://holderbook.com/funds/1910419-ctc-capital-management-llc/

- Reported value: $47.8M
- Positions: 72
- Weight of the ten largest: 54.5%
- Filed: 2023-05-05

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 |
|---|---|---|---|---|---|
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $16.6M | 151,193 | 34.7% | 1 |
| FERGUSON PLC NEW | [FERGXXXX](https://holderbook.com/stocks/FERGXXXX/) | $1.8M | 13,300 | 3.7% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $1.1M | 34,100 | 2.3% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1M | 2,910 | 2.2% | 1 |
| YAMANA GOLD INC | [AUY](https://holderbook.com/stocks/AUY/) | $1.0M | 171,800 | 2.1% | 1 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $932.8K | 58,300 | 2.0% | 1 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $916.8K | 9,600 | 1.9% | 1 |
| CNH INDL N V | [CNH](https://holderbook.com/stocks/CNH/) | $908.6K | 59,500 | 1.9% | 1 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $902.5K | 12,000 | 1.9% | 1 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $871.1K | 11,900 | 1.8% | 3 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $870.3K | 8,200 | 1.8% | 1 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $868.4K | 13,600 | 1.8% | 2 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $865.6K | 6,600 | 1.8% | 1 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $861.2K | 9,700 | 1.8% | 1 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $859.9K | 2,494 | 1.8% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $855.6K | 4,600 | 1.8% | 2 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $854.4K | 4,000 | 1.8% | 1 |
| DECKERS OUTDOOR CORP | [DECK](https://holderbook.com/stocks/DECK/) | $854.1K | 1,900 | 1.8% | 1 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $835.8K | 150 | 1.7% | 1 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $808.0K | 1,750 | 1.7% | 1 |
| VMWARE INC | [VMW](https://holderbook.com/stocks/VMW/) | $799.0K | 6,400 | 1.7% | 4 |
| HORIZON THERAPEUTICS PUB L | [HZNP](https://holderbook.com/stocks/HZNP/) | $765.1K | 7,010 | 1.6% | 2 |
| SAREPTA THERAPEUTICS INC | [SRPT](https://holderbook.com/stocks/SRPT/) | $758.1K | 5,500 | 1.6% | 2 |
| MONDAY COM LTD | [MNDY](https://holderbook.com/stocks/MNDY/) | $756.6K | 5,300 | 1.6% | 1 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $731.8K | 2,300 | 1.5% | 1 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $697.1K | 91,600 | 1.5% | 1 |
| ALBERTSONS COMPANIES INC | [ACI](https://holderbook.com/stocks/ACI/) | $692.0K | 33,300 | 1.4% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $661.6K | 2,100 | 1.4% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $644.5K | 3,870 | 1.3% | 1 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $545.4K | 7,300 | 1.1% | 1 |
| SPIRIT AIRLS INC | [SAVEQ](https://holderbook.com/stocks/SAVEQ/) | $343.4K | 20,000 | 0.7% | 2 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $295.8K | 2,100 | 0.6% | 2 |
| RLX TECHNOLOGY INC | [RLX](https://holderbook.com/stocks/RLX/) | $290.0K | 100,000 | 0.6% | 1 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $268.4K | 9,600 | 0.6% | 1 |
| HYATT HOTELS CORP | [H](https://holderbook.com/stocks/H/) | $268.3K | 2,400 | 0.6% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $259.7K | 1,300 | 0.5% | 1 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $248.8K | 700 | 0.5% | 1 |
| GAMING & LEISURE P | [GLPI](https://holderbook.com/stocks/GLPI/) | $244.7K | 4,700 | 0.5% | 1 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $235.0K | 3,500 | 0.5% | 1 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $232.8K | 1,150 | 0.5% | 2 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $232.3K | 3,000 | 0.5% | 2 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $225.9K | 4,000 | 0.5% | 1 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $223.7K | 3,600 | 0.5% | 1 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $222.3K | 1,100 | 0.5% | 1 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $222.0K | 10,500 | 0.5% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $220.6K | 2,700 | 0.5% | 1 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $220.3K | 500 | 0.5% | 4 |
| GODADDY INC | [GDDY](https://holderbook.com/stocks/GDDY/) | $202.1K | 2,600 | 0.4% | 1 |
| ROIVANT SCIENCES LTD | [ROIV](https://holderbook.com/stocks/ROIV/) | $199.3K | 27,000 | 0.4% | 1 |
| ALLSPRING MULTI SECTOR INCOM | [ERC](https://holderbook.com/stocks/ERC/) | $130.8K | 14,300 | 0.3% | 4 |
| BLACKROCK MUNIHLDNGS CALI | [MUC](https://holderbook.com/stocks/MUC/) | $118.6K | 10,723 | 0.2% | 2 |
| HIGH INCOME SECS FD | [PCF](https://holderbook.com/stocks/PCF/) | $110.5K | 17,000 | 0.2% | 4 |
| ARDELYX INC | [ARDX](https://holderbook.com/stocks/ARDX/) | $103.9K | 21,700 | 0.2% | 1 |
| CYMABAY THERAPEUTICS INC | [CBAY](https://holderbook.com/stocks/CBAY/) | $93.3K | 10,700 | 0.2% | 1 |
| NUVEEN FLOATING RATE INCOME | [JFR](https://holderbook.com/stocks/JFR/) | $87.7K | 10,700 | 0.2% | 4 |
| NUVEEN FLTNG RTE INCM OPP FD | [JRO](https://holderbook.com/stocks/JRO/) | $86.1K | 10,730 | 0.2% | 4 |
| GAMCO GLOBAL GOLD NAT RES & | [GGN](https://holderbook.com/stocks/GGN/) | $76.1K | 20,800 | 0.2% | 2 |
| MORGAN STANLEY EMERGING MKTS | [EDD](https://holderbook.com/stocks/EDD/) | $74.6K | 16,500 | 0.2% | 4 |
| BNY MELLON HIGH YIELD STRATE | [DHF](https://holderbook.com/stocks/DHF/) | $71.8K | 33,107 | 0.2% | 4 |
| NUVEEN CR STRATEGIES INCOME | [JQC](https://holderbook.com/stocks/JQC/) | $70.0K | 13,700 | 0.1% | 4 |
| FRANKLIN LTD DURATION INCOME | [FTF](https://holderbook.com/stocks/FTF/) | $68.4K | 11,066 | 0.1% | 4 |
| AURORA INNOVATION INC | [AUR](https://holderbook.com/stocks/AUR/) | $62.0K | 44,600 | 0.1% | 1 |
| TEMPLETON EMERGING MKTS INCO | [TEI](https://holderbook.com/stocks/TEI/) | $60.8K | 12,000 | 0.1% | 4 |
| VIRTUS CONVERTIBLE & INC FD | [NCZXXXX](https://holderbook.com/stocks/NCZXXXX/) | $54.3K | 18,100 | 0.1% | 2 |
| LANZATECH GLOBAL INC | [LNZA](https://holderbook.com/stocks/LNZA/) | $52.8K | 13,600 | 0.1% | 1 |
| SES AI CORPORATION | [SES](https://holderbook.com/stocks/SES/) | $40.7K | 13,800 | 0.1% | 1 |
| SOUNDHOUND AI INC | [SOUN](https://holderbook.com/stocks/SOUN/) | $36.2K | 13,100 | 0.1% | 1 |
| ACCURAY INC DEL | [ARAY](https://holderbook.com/stocks/ARAY/) | $30.0K | 10,100 | 0.1% | 1 |
| LINEAGE CELL THERAPEUTICS IN | [LCTX](https://holderbook.com/stocks/LCTX/) | $21.1K | 14,100 | 0.0% | 1 |
| FORGE GLOBAL HOLDINGS INC | [FRGE](https://holderbook.com/stocks/FRGE/) | $18.7K | 10,700 | 0.0% | 1 |
| SUMMIT THERAPEUTICS INC | [SMMT](https://holderbook.com/stocks/SMMT/) | $17.7K | 10,100 | 0.0% | 1 |
| SELECTA BIOSCIENCES INC | [RNAC](https://holderbook.com/stocks/RNAC/) | $15.7K | 11,300 | 0.0% | 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 |
|---|---|---|---|---|
| Q1 2023 | -1.0% | +7.0% | -8.0% | 95% |
| Q4 2022 | +5.3% | +7.1% | -1.7% | 100% |
| Q3 2022 | -3.9% | -5.3% | +1.4% | 100% |
| Q2 2022 | -21.0% | -16.5% | -4.5% | 100% |
| Q1 2022 | -3.0% | -4.9% | +1.9% | 78% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2023 | $47.8M | 72 |
| Q4 2022 | $85.9M | 95 |
| Q3 2022 | $125.0M | 118 |
| Q2 2022 | $92.1M | 73 |
| Q1 2022 | $37.2M | 115 |
| Q4 2021 | $40.0M | 22 |