Connective Capital Management Portfolio holdings

Connective Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Connective Capital Management held 39 positions worth $32.2M, down 33% from $47.7M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Connective Capital Management withdrew a net $16.3M in Q1 2016, closing 16 positions and reducing 6 holdings. Its most notable exit was State Street SPDR Dow Jones Industrial Average ETF Trust, an estimated $16.3M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 9.5% a quarter earlier, followed by Industrials and Technology.

Against the trend, Connective Capital Management opened a new position in State Street Energy Select Sector SPDR ETF worth $3.07M.

• Connective Capital Management's largest Q1 2016 buy was State Street Energy Select Sector SPDR ETF: 99,126 shares worth $3.07M.
• Connective Capital Management added most to iShares Russell 2000 ETF in Q1 2016, an estimated $2.6M increase.
• Connective Capital Management's biggest Q1 2016 reduction was Apple, cutting an estimated $874K.
• Connective Capital Management fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q1 2016, selling an estimated $16.3M.
• Connective Capital Management's ten largest holdings make up 77% of its $32.2M portfolio in Q1 2016.
• Connective Capital Management opened 10 new positions and closed 16 in Q1 2016.
• Connective Capital Management's portfolio value fell 33% quarter-over-quarter to $32.2M.

Based on Connective Capital Management's 13F filing for Q1 2016, filed 16 May 2016.