Horton Capital Management 13F annual report

Horton Capital Management is an investment fund managing more than $49.4 million ran by David Achey. There are currently 6 companies in Mr. Achey’s portfolio. The largest investments include Repro Med Sys Inc and UroGen Pharma Ltd, together worth $42.3 million.

$49.4 million Assets Under Management (AUM)

As of 5th November 2021, Horton Capital Management’s top holding is 10,785,895 shares of Repro Med Sys Inc currently worth over $30.7 million and making up 62.2% of the portfolio value. In addition, the fund holds 684,749 shares of UroGen Pharma Ltd worth $11.5 million, whose value grew 3.6% in the past six months. The third-largest holding is Wireless Telecom worth $3.23 million and the next is Safeguard Scientifics worth $1.58 million, with 177,386 shares owned.

Currently, Horton Capital Management's portfolio is worth at least $49.4 million. 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 Horton Capital Management

The Horton Capital Management office and employees reside in Philadelphia, Pennsylvania. According to the last 13-F report filed with the SEC, David Achey serves as the Chief Compliance Officer at Horton Capital Management.

Recent trades

In the most recent 13F filing, Horton Capital Management revealed that it had opened a new position in Cyberoptics and bought 27,612 shares worth $982 thousand. This means they effectively own approximately 0.1% of the company. Cyberoptics makes up 42.1% of the fund's Industrials sector allocation and has grown its share price by 85.4% in the past year.

The investment fund also strengthened its position in Repro Med Sys Inc by buying 40,263 additional shares. This makes their stake in Repro Med Sys Inc total 10,785,895 shares worth $30.7 million.

On the other hand, David Achey disclosed a decreased stake in Wireless Telecom by 0.3%. This leaves the value of the investment at $3.23 million and 1,559,758 shares.

One of the smallest hedge funds

The two most similar investment funds to Horton Capital Management are Key Colony Management and Brookfield Bhs Advisors. They manage $49.2 million and $49.7 million respectively.

David Achey investment strategy

Horton Capital Management’s portfolio is diversified across 5 sectors. Currently, their heaviest sector is Health Care — making up 23.3% of the total portfolio value. The fund focuses on investments in the United States as 83.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 33% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $198 million.

The complete list of Horton Capital Management trades based on 13F SEC filings

These positions were updated on November 12th 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
Repro Med Sys Inc	0.37% 10,785,895	$30,740,000	62.24%
UroGen Pharma Ltd	9.02% 684,749	$11,517,000	23.32%
Wireless Telecom Group, Inc.	28.64% 1,559,758	$3,229,000	6.54%
Safeguard Scientifics, Inc.	63.21% 177,386	$1,575,000	3.19%
CynergisTek Inc	5.55% 749,417	$1,349,000	2.73%
Cyberoptics Corp.	Opened 27,612	$982,000	1.99%
No transactions found
Showing first 500 out of 6 holdings