Summit Creek Advisors 13F annual report
Summit Creek Advisors is an investment fund managing more than $730 billion ran by Andrew Rank. There are currently 68 companies in Mr. Rank’s portfolio. The largest investments include Addus HomeCare and Descartes Systems Inc, together worth $54.1 billion.
$730 billion Assets Under Management (AUM)
As of 29th July 2024, Summit Creek Advisors’s top holding is 250,786 shares of Addus HomeCare currently worth over $29.1 billion and making up 4.0% of the portfolio value.
Relative to the number of outstanding shares of Addus HomeCare, Summit Creek Advisors owns more than approximately 0.1% of the company.
In addition, the fund holds 258,254 shares of Descartes Systems Inc worth $25 billion, whose value grew 8.9% in the past six months.
The third-largest holding is Ccc Intelligent Solutions worth $23.1 billion and the next is Pure Storage Inc worth $22.5 billion, with 349,947 shares owned.
Currently, Summit Creek Advisors's portfolio is worth at least $730 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 Summit Creek Advisors
The Summit Creek Advisors office and employees reside in Minneapolis, Minnesota. According to the last 13-F report filed with the SEC, Andrew Rank serves as the Chief Compliance Officer at Summit Creek Advisors.
Recent trades
In the most recent 13F filing, Summit Creek Advisors revealed that it had opened a new position in
Global-e Online and bought 315,657 shares worth $11.4 billion.
The investment fund also strengthened its position in Alarm.com Inc by buying
30,849 additional shares.
This makes their stake in Alarm.com Inc total 298,422 shares worth $19 billion.
Alarm.com Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Summit Creek Advisors is getting rid of from its portfolio.
Summit Creek Advisors closed its position in Progyny Inc on 5th August 2024.
It sold the previously owned 191,319 shares for $7.3 billion.
Andrew Rank also disclosed a decreased stake in Addus HomeCare by approximately 0.1%.
This leaves the value of the investment at $29.1 billion and 250,786 shares.
One of the average hedge funds
The two most similar investment funds to Summit Creek Advisors are Baldwin Investment Management and Naspers Ltd. They manage $730 billion and $730 billion respectively.
Andrew Rank investment strategy
Summit Creek Advisors’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Technology — making up 26.1% of
the total portfolio value.
The fund focuses on investments in the United States as
69.1% 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
13% 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 $5.91 billion.
The complete list of Summit Creek Advisors trades based on 13F SEC filings
These positions were updated on August 5th 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 |
|---|---|---|---|
| Addus HomeCare Corporation |
6.50%
250,786
|
$29,118,762,000 | 3.99% |
| Descartes Systems Group Inc |
18.27%
258,254
|
$25,009,317,000 | 3.43% |
| Ccc Intelligent Solutions |
6.48%
2,081,298
|
$23,123,221,000 | 3.17% |
| Pure Storage Inc |
28.83%
349,947
|
$22,470,097,000 | 3.08% |
| SPS Commerce Inc. |
6.51%
118,332
|
$22,265,349,000 | 3.05% |
| Healthequity Inc |
6.49%
239,696
|
$20,661,795,000 | 2.83% |
| Zeta Global |
24.15%
1,167,797
|
$20,611,617,000 | 2.82% |
| Alarm.com Holdings Inc |
11.53%
298,422
|
$18,961,734,000 | 2.60% |
| Envestnet Inc. |
6.51%
302,485
|
$18,932,536,000 | 2.59% |
| Ollie's Bargain Outlet |
29.74%
187,846
|
$18,440,842,000 | 2.53% |
| Repay Holdings Corp |
5.75%
1,738,512
|
$18,358,687,000 | 2.51% |
| Bio-Techne Corp |
11.45%
250,489
|
$17,947,537,000 | 2.46% |
| Lemaitre Vascular Inc |
6.50%
214,996
|
$17,689,871,000 | 2.42% |
| Paylocity Holdings |
1.79%
133,867
|
$17,650,364,000 | 2.42% |
| Dorman Products Inc |
15.54%
191,988
|
$17,563,062,000 | 2.41% |
| ExlService Holdings Inc |
6.48%
559,891
|
$17,558,182,000 | 2.41% |
| Medpace Holdings Inc |
14.00%
42,014
|
$17,303,466,000 | 2.37% |
| Boot Barn Holdings Inc |
49.27%
133,044
|
$17,153,363,000 | 2.35% |
| Construction Partners Inc |
16.04%
304,551
|
$16,814,261,000 | 2.30% |
| Arhaus, Inc |
24.69%
950,303
|
$16,098,133,000 | 2.21% |
| Cbiz Inc |
103.32%
216,768
|
$16,062,509,000 | 2.20% |
| FirstService Corp |
47.64%
104,272
|
$15,887,925,000 | 2.18% |
| TREX Co., Inc. |
6.49%
213,803
|
$15,847,078,000 | 2.17% |
| Wns Holdings Ltd |
6.49%
290,027
|
$15,226,417,000 | 2.09% |
| Vericel Corp |
6.47%
324,762
|
$14,900,081,000 | 2.04% |
| Option Care Health, Inc. |
6.46%
530,460
|
$14,693,742,000 | 2.01% |
| Littelfuse, Inc. |
6.51%
57,313
|
$14,648,630,000 | 2.01% |
| Q2 Holdings Inc |
6.46%
230,488
|
$13,905,341,000 | 1.90% |
| Ameris Bancorp |
6.68%
255,107
|
$12,844,637,000 | 1.76% |
| Grid Dynamics Holdings, Inc. |
25.15%
1,147,992
|
$12,065,396,000 | 1.65% |
| NV5 Global Inc |
6.56%
125,415
|
$11,659,833,000 | 1.60% |
| Global-e Online |
Opened
315,657
|
$11,448,879,000 | 1.57% |
| Bowman Consulting Group |
15.14%
345,704
|
$10,989,930,000 | 1.51% |
| Five Below Inc |
19.98%
97,712
|
$10,647,677,000 | 1.46% |
| Evolent Health Inc |
5.32%
543,241
|
$10,386,768,000 | 1.42% |
| Verra Mobility Corporation |
Opened
381,251
|
$10,370,027,000 | 1.42% |
| Willdan Group Inc |
5.18%
355,189
|
$10,247,203,000 | 1.40% |
| Instructure Holdings |
5.26%
405,841
|
$9,500,738,000 | 1.30% |
| Vita Coco Co Inc |
123.26%
340,634
|
$9,486,657,000 | 1.30% |
| Qualys Inc |
4.76%
64,907
|
$9,255,738,000 | 1.27% |
| Montrose Environmental Group, Inc. |
10.42%
205,977
|
$9,178,335,000 | 1.26% |
| SiteOne Landscape Supply Inc |
6.53%
71,698
|
$8,704,854,000 | 1.19% |
| Five9 Inc |
6.65%
185,253
|
$8,169,657,000 | 1.12% |
| International Money Express Inc. |
4.18%
387,858
|
$8,082,961,000 | 1.11% |
| Digi International, Inc. |
5.86%
318,964
|
$7,313,845,000 | 1.00% |
| Progyny Inc |
Closed
191,319
|
$7,298,820,000 | |
| Model N Inc |
Closed
245,545
|
$6,990,666,000 | |
| Mister Car Wash, Inc. |
5.67%
797,361
|
$5,677,210,000 | 0.78% |
| Remitly Global Inc |
Opened
451,423
|
$5,471,247,000 | 0.75% |
| Clearwater Analytics Holdings, Inc. |
Opened
293,320
|
$5,432,286,000 | 0.74% |
| DoubleVerify Holdings, Inc. |
9.02%
270,500
|
$5,266,635,000 | 0.72% |
| Box Inc |
5.64%
177,792
|
$4,700,820,000 | 0.64% |
| Grocery Outlet Holding Corp |
33.64%
199,549
|
$4,414,024,000 | 0.60% |
| Icon Plc |
55.88%
13,477
|
$4,224,635,000 | 0.58% |
| Repligen Corp. |
Closed
21,805
|
$4,010,376,000 | |
| Thoughtworks Holding |
6.49%
1,248,911
|
$3,546,907,000 | 0.49% |
| Godaddy Inc |
No change
5,946
|
$830,716,000 | 0.11% |
| Fair Isaac Corp. |
No change
470
|
$699,670,000 | 0.10% |
| Tradeweb Markets Inc |
No change
6,283
|
$665,998,000 | 0.09% |
| Dolby Laboratories Inc |
No change
6,181
|
$489,721,000 | 0.07% |
| Trimble Inc |
No change
7,760
|
$433,939,000 | 0.06% |
| Advanced Drainage Systems Inc |
No change
2,457
|
$394,078,000 | 0.05% |
| West Pharmaceutical Svcs |
No change
1,093
|
$360,023,000 | 0.05% |
| Nice Ltd Sponsored Adr |
No change
1,978
|
$340,157,000 | 0.05% |
| Jack Henry & Associates, Inc. |
39.54%
1,895
|
$314,608,000 | 0.04% |
| Tyler Technology Inc. |
No change
589
|
$296,137,000 | 0.04% |
| Gartner, Inc. |
No change
621
|
$278,866,000 | 0.04% |
| Pool Corporation |
No change
892
|
$274,138,000 | 0.04% |
| Floor & Decor Holdings Inc |
No change
2,653
|
$263,735,000 | 0.04% |
| Align Tech |
No change
868
|
$209,561,000 | 0.03% |
| Globant Sa |
No change
1,174
|
$209,277,000 | 0.03% |
| Dynatrace Inc |
Closed
4,325
|
$200,853,000 | |
| No transactions found | |||
| Showing first 500 out of 72 holdings | |||
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