Woodson Capital Management’s Return, AUM, and Holdings

The second most valuable holding at the end of the third quarter the fund reported in Ooma Inc (NYSE:OOMA), a consumer telecommunications company.  The stake was worth $22.84 million, on the account of 1.38 million shares. Among Woodson Capital Management’s top 10 stock pick at the end of Q3 2018, was Alphabet Inc Class A (NASDAQ:GOOGL), which is one of the 30 Most Popular Stocks Among Hedge Funds in Q3 of 2018. The company has a market cap of $735.14 billion, and its stock lost 9.41% over the past six months, currently trading at $1061.26. The fund held 13,300 Alphabet’s shares, with a value of $16.05 million.  There were 137 hedge funds from our table with long positions in Alphabet Inc (GOOGL) at the end Q3 2018, up from 125 in the previous quarter.

Woodson Capital Management initiated the biggest new position during the third quarter of 2018 in Spirit AeroSystems Holdings, Inc. (NYSE:SPR), the biggest first-tier aerostructures manufacturer in the world, with a market cap of $8.12 billion. The fund purchased 89,500 Spirit AeroSystems’ shares, with a value of $8.20 million, hence this position accounted for 2.17% of its equity portfolio. Over the past 12 months, Spirit AeroSystem’s stock lost 18.61%, and it is now trading at $76.63. In its financial report for Q3 2018, the company reported revenues of $1.81 million, compared to revenues for Q3 2017 of $1.75 million, and adjusted EPS of $1.70 versus EPS of $1.26 in Q3 2017. At the end of Spetember 2018, there were 32 smart money investors from Insider Monkey’s database long the stock, up by two from the previous quarter. The second biggest new position the fund obtained in a consumers electronic company, Sonos Inc (NASDAQ:SONO), by obtaining 175,000 shares, with a value of $2.81 million.

During the third quarter of 2018, Woodson Capital Managmenet lost faith in several companies, completely selling out its positions. The biggest position the fund decided to dump in this period was in Facebook, Inc. Common Stock (NASDAQ:FB), which counted 66,200 shares, with a value of $12.86 million. The fund also sold out its holdings of Mohawk Industries, Inc. (NYSE:MHK) and Tapestry Inc (NYSE:TPR), saying goodbye to the positions worth $6.43 million, on the account of 30,000 shares and $5.83 million, on the account of 124,700 shares, respectively.

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This article was originally published at Insider Monkey.