Rivulet Capital 13F annual report
Rivulet Capital is an investment fund managing more than $1.92 billion ran by Barry Lebovits. There are currently 15 companies in Mr. Lebovits’s portfolio. The largest investments include NICE Ltd and Mastercard, together worth $470 million.
$1.92 billion Assets Under Management (AUM)
As of 8th November 2021, Rivulet Capital’s top holding is 879,750 shares of NICE Ltd currently worth over $250 million and making up 13.0% of the portfolio value.
Relative to the number of outstanding shares of NICE Ltd, Rivulet Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 633,557 shares of Mastercard worth $220 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Dollar Tree Inc worth $200 million and the next is Axalta Coating Sys Ltd worth $190 million, with 6,504,142 shares owned.
Currently, Rivulet Capital's portfolio is worth at least $1.92 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Rivulet Capital
The Rivulet Capital office and employees reside in Summit, New Jersey. According to the last 13-F report filed with the SEC, Barry Lebovits serves as the Managing Member at Rivulet Capital.
Recent trades
In the most recent 13F filing, Rivulet Capital revealed that it had opened a new position in
Dun & Bradstreet and bought 8,481,500 shares worth $143 million.
This means they effectively own approximately 0.1% of the company.
Dun & Bradstreet makes up
26.1%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NICE Ltd by buying
4,400 additional shares.
This makes their stake in NICE Ltd total 879,750 shares worth $250 million.
NICE Ltd dropped approximately 0.1% in the past year.
On the other hand, Barry Lebovits disclosed a decreased stake in Dollar Tree Inc by approximately 0.1%.
This leaves the value of the investment at $200 million and 2,085,000 shares.
One of the largest hedge funds
The two most similar investment funds to Rivulet Capital are Ranger Investment Management, L.P. and Boston Advisors. They manage $1.92 billion and $1.91 billion respectively.
Barry Lebovits investment strategy
Rivulet Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 28.6% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
47% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $53.9 billion.
The complete list of Rivulet Capital trades based on 13F SEC filings
These positions were updated on November 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NICE Ltd |
0.50%
879,750
|
$249,884,000 | 13.04% |
| Mastercard Incorporated |
0.50%
633,557
|
$220,275,000 | 11.49% |
| Dollar Tree Inc |
8.29%
2,085,000
|
$199,576,000 | 10.41% |
| Axalta Coating Sys Ltd |
3.05%
6,504,142
|
$189,856,000 | 9.91% |
| Sealed Air Corp. |
26.44%
3,218,073
|
$176,318,000 | 9.20% |
| Aptargroup Inc. |
36.43%
1,196,700
|
$142,826,000 | 7.45% |
| Dun & Bradstreet Holdings, Inc. |
Opened
8,481,500
|
$142,574,000 | 7.44% |
| Comcast Corp New |
31.70%
2,313,035
|
$129,368,000 | 6.75% |
| Cornerstone OnDemand Inc |
49.71%
2,045,143
|
$117,105,000 | 6.11% |
| Fidelity Natl Information Sv |
Opened
640,000
|
$77,875,000 | 4.06% |
| Fiserv, Inc. |
Opened
663,650
|
$72,006,000 | 3.76% |
| Take-two Interactive Softwar |
Opened
376,250
|
$57,969,000 | 3.02% |
| Activision Blizzard Inc |
Opened
714,300
|
$55,280,000 | 2.88% |
| Liberty Broadband Corp |
0.51%
277,250
|
$47,881,000 | 2.50% |
| Evertec Inc |
46.33%
821,840
|
$37,575,000 | 1.96% |
| No transactions found | |||
| Showing first 500 out of 15 holdings | |||
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