CPM
Chesapeake Partners Management Portfolio holdings
AUM
$669M
Turnover
56.06%
1-Year Est. Return
1.23%
This Fund
S&P 500
This Quarter
Est. Return
-0.14%
1 Year Est. Return
-1.23%
3 Year Est. Return
+81.23%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$669M
AUM Growth
-$615M
(-48%)
Cap. Flow
-$579M
Cap. Flow
% of AUM
-86.55%
Top 10 Holdings %
Top 10 Hldgs %
64.51%
Holding
66
New
7
Increased
6
Reduced
22
Closed
30
Avg Time Held Equity + Options
1.5
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.5
years
Avg Time Held Equity only
1.6
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gaming and Leisure Properties
GLPI
|
+$28.8M |
| 2 |
Newell Brands
NWL
|
+$23.3M |
| 3 |
MDVN
MEDIVATION, INC.
MDVN
|
+$17.3M |
| 4 |
AXLL
AXIALL CORP COM STK (DE)
AXLL
|
+$7.61M |
| 5 |
LNKD
LinkedIn Corporation
LNKD
|
+$6.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAH
JARDEN CORPORATION
JAH
|
+$72.8M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$66M |
| 3 |
SANDISK CORP
SNDK
|
+$46.1M |
| 4 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$36.4M |
| 5 |
Vail Resorts
MTN
|
+$33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.08% |
| 2 | Consumer Discretionary | 19.63% |
| 3 | Real Estate | 13.28% |
| 4 | Healthcare | 9.73% |
| 5 | Technology | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $115M | 17.2% |
+1,000,000
| New | +$113M |
2016 Q2
0 quarters
|
|
|
HOT
2
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $56.3M | 8.42% |
761,318
-38,266
| -5% | -$2.94M |
2015 Q2
4 quarters
|
|
3
DELISTED
EMC CORPORATION
EMC
| $48.3M | 7.22% |
1,775,904
+160,000
| +10% | +$4.32M |
2015 Q4
2 quarters
|
|
4
CALL
Yum! Brands
YUM
$40B
| $41.5M | 6.2% |
695,500
-347,750
| -33% | -$20.5M |
2014 Q4
6 quarters
|
|
5
MGM Resorts International
MGM
$7.29B
| $37.8M | 5.65% |
1,670,047
-100,000
| -6% | -$2.27M |
2013 Q2
12 quarters
|
|
|
6
Gaming and Leisure Properties
GLPI
$11.1B
| $32.5M | 4.86% |
941,405
+867,405
| +1,172% | +$28.8M |
2015 Q1
5 quarters
|
|
7
Eagle Materials
EXP
$5.01B
| $30.4M | 4.54% |
393,710
-208,415
| -35% | -$15.7M |
2013 Q2
12 quarters
|
|
|
8
Newell Brands
NWL
$2.33B
| $24.2M | 3.62% |
+498,206
| New | +$23.3M |
2016 Q2
0 quarters
|
|
|
AGN
9
CALL
DELISTED
Allergan plc
AGN
| $23.1M | 3.46% |
100,000
-100,000
| -50% | -$23.1M |
2015 Q4
2 quarters
|
|
10
Herc Holdings
HRI
$4.12B
| $22.4M | 3.35% |
673,485
-210,327
| -24% | -$6.04M |
2013 Q2
12 quarters
|
|
11
DELISTED
ODP
ODP
| $20.8M | 3.11% |
628,850
-379,197
| -38% | -$18.5M |
2013 Q2
12 quarters
|
|
12
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $20.2M | 3.02% |
401,692
-340,002
| -46% | -$18.1M |
2015 Q2
4 quarters
|
|
|
13
Yum! Brands
YUM
$40B
| $19.9M | 2.97% |
333,040
+83,460
| +33% | +$4.92M |
2014 Q4
6 quarters
|
|
|
AGN
14
DELISTED
Allergan plc
AGN
| $18.6M | 2.78% |
80,500
+10,500
| +15% | +$2.42M |
2015 Q4
2 quarters
|
|
|
MDVN
15
DELISTED
MEDIVATION, INC.
MDVN
| $18.4M | 2.76% |
+305,696
| New | +$17.3M |
2016 Q2
0 quarters
|
|
|
AJRD
16
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $17.2M | 2.58% |
943,286
-729,934
| -44% | -$12.7M |
2013 Q3
11 quarters
|
|
|
PNK
17
DELISTED
Pinnacle Entertainment Inc.
PNK
| $13M | 1.94% |
1,171,844
-311,142
| -21% | -$6.01M |
2015 Q1
5 quarters
|
|
|
AXLL
18
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $12.6M | 1.88% |
385,119
+300,119
| +353% | +$7.61M |
2016 Q1
1 quarter
|
|
19
American Airlines Group
AAL
$7.8B
| $10.6M | 1.58% |
374,124
-584,800
| -61% | -$19.8M |
2013 Q4
10 quarters
|
|
|
LNKD
20
DELISTED
LinkedIn Corporation
LNKD
| $9.46M | 1.42% |
+50,000
| New | +$6.93M |
2016 Q2
0 quarters
|
|
|
MYCC
21
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $9.36M | 1.4% |
719,851
-877,014
| -55% | -$11.2M |
2015 Q2
4 quarters
|
|
22
Innoviva
INVA
$1.51B
| $8.27M | 1.24% |
785,442
-1,744,662
| -69% | -$20.6M |
2013 Q2
12 quarters
|
|
23
Signet Jewelers
SIG
$4.14B
| $8.22M | 1.23% |
99,740
+10,000
| +11% | +$1.02M |
2014 Q1
9 quarters
|
|
|
24
Vail Resorts
MTN
$5.33B
| $8.21M | 1.23% |
59,410
-250,300
| -81% | -$33M |
2014 Q1
9 quarters
|
|
|
BKS
25
DELISTED
Barnes & Noble
BKS
| $7.86M | 1.18% |
692,781
-1,631,881
| -70% | -$18.9M |
2013 Q2
12 quarters
|
|
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Chesapeake Partners Management's Q2 2016 Portfolio in Review
As of Q2 2016, Chesapeake Partners Management held 66 positions worth $669M, down 48% from $1.28B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Chesapeake Partners Management withdrew a net $579M in Q2 2016, closing 30 positions and reducing 22 holdings. Its most notable exit was JARDEN CORPORATION, an estimated $72.8M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 30% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Chesapeake Partners Management opened a new position in Newell Brands worth $24.2M.
- Chesapeake Partners Management's largest Q2 2016 buy was Newell Brands: 498,206 shares worth $24.2M.
- Chesapeake Partners Management added most to Gaming and Leisure Properties in Q2 2016, an estimated $28.8M increase.
- Chesapeake Partners Management's biggest Q2 2016 reduction was Vail Resorts, cutting an estimated $33M.
- Chesapeake Partners Management fully exited JARDEN CORPORATION in Q2 2016, selling an estimated $72.8M.
- Chesapeake Partners Management's ten largest holdings make up 65% of its $669M portfolio in Q2 2016.
- Chesapeake Partners Management opened 7 new positions and closed 30 in Q2 2016.
- Chesapeake Partners Management's portfolio value fell 48% quarter-over-quarter to $669M.
Based on Chesapeake Partners Management's 13F filing for Q2 2016, filed 15 Aug 2016.