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CCM
Cerrano Capital Management Portfolio holdings
AUM
$591M
This Fund
S&P 500
This Quarter
Est. Return
+1.95%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$497M
AUM Growth
+$249M
(+100%)
Cap. Flow
+$260M
Cap. Flow
% of AUM
52.31%
Top 10 Holdings %
Top 10 Hldgs %
55.63%
Holding
74
New
31
Increased
22
Reduced
4
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herc Holdings
HRI
|
+$11.5M |
| 2 |
XPO
XPO
|
+$7.43M |
| 3 |
Element Solutions
ESI
|
+$7.36M |
| 4 |
Lamb Weston
LW
|
+$7.22M |
| 5 |
Coty
COTY
|
+$7.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$6.83M |
| 2 |
SHPG
Shire pic
SHPG
|
+$4.11M |
| 3 |
Macerich
MAC
|
+$3.63M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$3.14M |
| 5 |
Qualcomm
QCOM
|
+$1.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 16.89% |
| 2 | Financials | 7.12% |
| 3 | Consumer Staples | 4.15% |
| 4 | Materials | 4.02% |
| 5 | Technology | 3.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $84.9M | 17.06% |
322,500
+272,500
| +545% | +$74.4M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $60.7M | 12.21% |
400,000
+75,000
| +23% | +$11.6M |
|
3
PUT
Invesco QQQ Trust
QQQ
$460B
| $26.8M | 5.39% |
+167,500
| New | +$27.7M |
|
4
Dycom Industries
DY
$13.2B
| $20M | 4.02% |
185,800
+61,700
| +50% | +$7M |
|
|
5
XPO
XPO
$25.1B
| $18.4M | 3.71% |
523,631
+222,637
| +74% | +$7.43M |
|
|
AET
6
DELISTED
Aetna Inc
AET
| $17.2M | 3.47% |
102,000
+24,800
| +32% | +$4.46M |
|
7
CALL
Bank of America
BAC
$430B
| $13.1M | 2.63% |
437,000
+287,000
| +191% | +$9.01M |
|
|
8
CALL
Lamb Weston
LW
$6.79B
| $12.7M | 2.55% |
+217,500
| New | +$12.3M |
|
9
Cintas
CTAS
$81.3B
| $11.5M | 2.31% |
269,600
+139,200
| +107% | +$5.78M |
|
|
10
Herc Holdings
HRI
$5.45B
| $11.4M | 2.29% |
+175,500
| New | +$11.5M |
|
|
TWX
11
DELISTED
Time Warner Inc
TWX
| $9.79M | 1.97% |
103,504
+31,800
| +44% | +$3M |
|
12
Intercontinental Exchange
ICE
$81B
| $8.91M | 1.79% |
122,900
+31,300
| +34% | +$2.29M |
|
13
Dover
DOV
$26.6B
| $8.86M | 1.78% |
111,668
-9,037
| -7% | -$741K |
|
14
DuPont de Nemours
DD
$18.6B
| $8.7M | 1.75% |
53,941
+7,977
| +17% | +$1.44M |
|
|
15
Coty
COTY
$2.29B
| $8.47M | 1.7% |
463,100
+360,800
| +353% | +$7.09M |
|
|
AABA
16
DELISTED
Altaba Inc
AABA
| $8.05M | 1.62% |
108,700
+12,200
| +13% | +$919K |
|
17
Lennar Class A
LEN
$19.8B
| $8.03M | 1.61% |
140,695
+88,115
| +168% | +$5.31M |
|
18
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14B
| $7.89M | 1.59% |
+150,000
| New | +$8.26M |
|
|
HDS
19
DELISTED
HD Supply Holdings, Inc.
HDS
| $7.55M | 1.52% |
199,100
+63,400
| +47% | +$2.39M |
|
|
20
Lamb Weston
LW
$6.79B
| $7.42M | 1.49% |
+127,500
| New | +$7.22M |
|
21
PUT
Acuity Brands
AYI
$9.79B
| $6.96M | 1.4% |
+50,000
| New | +$7.69M |
|
|
22
Element Solutions
ESI
$9.33B
| $6.64M | 1.33% |
+689,200
| New | +$7.36M |
|
|
23
CALL
DuPont de Nemours
DD
$18.6B
| $6.37M | 1.28% |
+39,488
| New | +$7.14M |
|
24
CALL
RTX Corp
RTX
$282B
| $6.29M | 1.26% |
+79,450
| New | +$6.56M |
|
|
ZAYO
25
CALL
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $6.12M | 1.23% |
179,200
+20,000
| +13% | +$720K |
|
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Cerrano Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Cerrano Capital Management held 74 positions worth $497M, up 100% from $249M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Cerrano Capital Management deployed $260M of net new capital in Q1 2018, opening 31 new positions and adding to 22 existing holdings. Its largest new stake was Herc Holdings: 175,500 shares worth $11.4M.
By sector, the portfolio is most concentrated in Industrials at 17% of assets, down from 18% a quarter earlier, followed by Financials and Consumer Staples.
On the sell side, the largest reduction was Dover, an estimated $741K trimmed.
- Cerrano Capital Management's largest Q1 2018 buy was Herc Holdings: 175,500 shares worth $11.4M.
- Cerrano Capital Management added most to XPO in Q1 2018, an estimated $7.43M increase.
- Cerrano Capital Management's biggest Q1 2018 reduction was Dover, cutting an estimated $741K.
- Cerrano Capital Management fully exited NXP Semiconductors in Q1 2018, selling an estimated $6.83M.
- Cerrano Capital Management's ten largest holdings make up 56% of its $497M portfolio in Q1 2018.
- Cerrano Capital Management opened 31 new positions and closed 17 in Q1 2018.
- Cerrano Capital Management's portfolio value rose 100% quarter-over-quarter to $497M.
Based on Cerrano Capital Management's 13F filing for Q1 2018, filed 14 May 2018.