Rivulet Capital, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Rivulet Capital, LLC reported 16 stock positions worth $2.0 billion. Its top holding was Nice Ltd. - Spon ADR (NICE) at 11.5% of the portfolio, followed by Aptargroup (ATR, 10.9%) and Mastercard Class A (MA, 10.1%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 2 and reduced 5. The biggest buy was a new position in Neogen (NEOG) and the biggest sale an exit from Dun & Bradstreet (DNB).
- Most Recent 13F
- Q2 2026
- Location
- PASSAIC, NJ
- CIK
- 0001566691
- Portfolio Value
- $2.0B (Q1 2024)
- SEC Filing
- 0000919574-24-003055 ↗ filed May 15, 2024
Holdings Value
Holdings 16 stocks · $2.0B
| NICE Nice Ltd. - Spon ADR | 11.51% | 881,250 | $229.7M | Reduce -12.0% |
| ATR Aptargroup Inc. | 10.93% | 1,515,767 | $218.1M | Reduce -8.2% |
| MA Mastercard Inc. Class A | 10.07% | 417,157 | $200.9M | No change |
| PTC PTC Inc. | 7.89% | 833,800 | $157.5M | No change |
| FISV Fiserv Inc. | 7.73% | 964,800 | $154.2M | No change |
| FIS Fidelity National Info Serv | 6.76% | 1,819,700 | $135.0M | No change |
| SBAC SBA Communications Corp. | 6.03% | 555,000 | $120.3M | Add +122.0% |
| WDAY Workday Inc. Class A | 5.81% | 425,350 | $116.0M | Reduce -23.4% |
| SHW The Sherwin-Williams Co. | 5.66% | 325,000 | $112.9M | No change |
| CNI Canadian Natl Railway Co. | 5.45% | 825,000 | $108.7M | No change |
| INTU Intuit Inc. | 5.15% | 158,000 | $102.7M | Reduce -26.9% |
| NEOG Neogen Corp. | 4.67% | 5,900,000 | $93.1M | New |
| FIVE Five Below | 4.47% | 492,200 | $89.3M | Reduce -29.4% |
| BUD Anheuser-Busch Inbev-SPN ADR | 3.65% | 1,200,000 | $72.9M | Add +50.0% |
| BL Blackline Inc. | 2.23% | 689,243 | $44.5M | No change |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 1.99% | 700,000 | $39.8M | New |
Portfolio Sells Q4 2023 → Q1 2024
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −3.71 |
| DLTR Dollar Tree Inc. | Sold out | 0.00% | −3.23 |
| FIVE Five Below | Reduce -29.4% | 4.47% | −3.11 |
| DHR Danaher Corp. | Sold out | 0.00% | −2.95 |
| WDAY Workday Inc. Class A | Reduce -23.4% | 5.81% | −2.01 |
| INTU Intuit Inc. | Reduce -26.9% | 5.15% | −1.74 |
| ATR Aptargroup Inc. | Reduce -8.2% | 10.93% | +0.51 |
| NICE Nice Ltd. - Spon ADR | Reduce -12.0% | 11.51% | +1.31 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 3 | $91.2M | MA, PTC, WDAY |
| Q3 2025 | 15 | $852.3M | DHR, CP, WDAY, SBAC, MIDD |
| Q2 2025 | 14 | $1.0B | PTC, DHR, CP, WDAY, SGI |
| Q1 2025 | 13 | $1.0B | WDAY, PTC, SBAC, DHR, SGI |
| Q4 2024 | 12 | $966.5M | WDAY, SBAC, PTC, MA, MIDD |
| Q3 2024 | 14 | $1.4B | MA, WDAY, SBAC, PTC, NICE |
| Q2 2024 | 14 | $1.4B | MA, WDAY, NICE, ATR, PTC |
| Q1 2024 | 16 | $2.0B | NICE, ATR, MA, PTC, FISV |