Anqa Management LLC

CIK 0001827210 · Q3 2023

13F Equity AUM

$66.5M

-25.8% QoQ

Positions

-2 QoQ

AUM Rank

#10,530

Top 85%

Skill Alpha (FF)

—

Building track record (4q)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 74.1%Top 10: 98.8%Top 20: 100.0%

INDIVIOR PLC26.3%

LGF/BEUR15.7%

2XY13.7%

SAVEEUR11.0%

ILMN7.5%

ATVIEUR7.0%

TBCH6.3%

IDI3.9%

PBI3.9%

ENFN3.5%

Others (1)1.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology34.5%

Unclassified27.5%

Communication Services15.7%

Industrials14.9%

Healthcare7.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 11Median: 7.04%Avg: 9.09%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

1(1.2%)

3–5%

3(11.3%)

5%+

7(87.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 10Unique: 1vs 20 funds

0.1%Low

Fund positions

7,327

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 10 benchmark funds with highest portfolio overlap (Jaccard similarity)

VANGUARD GROUP INC

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

0.2%

0.3%

0.2%

0.2%

BANK OF AMERICA CORP /DE/

0.2%

FMR LLC

0.2%

COLONY GROUP LLC

0.3%

BENJAMIN F. EDWARDS & COMPANY, INC.

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased1Decreased4Exited3

New Positions

ENFN3.5%

+261K

Increased

ILMN7.5%

+3K(+7%)

Decreased

OWLTW1.2%

-2,301,099(-93%)

PBI3.9%

-153,016(-15%)

ATVIEUR7.0%

-39,202(-44%)

IDI3.9%

-19,300(-37%)

Exited

AFTERNEXT HEALTHTECH…

-850,000

BKIEUR

-116,275

AUD

-16,268

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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