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Crestline Management Portfolio holdings
AUM
$46.3M
1-Year Est. Return
48.82%
This Fund
S&P 500
This Quarter
Est. Return
-4.68%
1 Year Est. Return
+48.82%
3 Year Est. Return
+52.52%
5 Year Est. Return
+37.91%
10 Year Est. Return
+316.44%
AUM
$347M
AUM Growth
-$425M
(-55%)
Cap. Flow
-$417M
Cap. Flow
% of AUM
-120.15%
Top 10 Holdings %
Top 10 Hldgs %
90.24%
Holding
68
New
27
Increased
–
Reduced
5
Closed
36
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kilroy Realty
KRC
|
+$8.38M |
| 2 |
Intel
INTC
|
+$5.8M |
| 3 |
Boston Properties
BXP
|
+$5.72M |
| 4 |
Applied Materials
AMAT
|
+$5.13M |
| 5 |
AAT
American Assets Trust
AAT
|
+$4.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Denali Therapeutics
DNLI
|
+$81.2M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$55.9M |
| 3 |
Adobe
ADBE
|
+$32.7M |
| 4 |
Advanced Micro Devices
AMD
|
+$31.8M |
| 5 |
Salesforce
CRM
|
+$28.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 78.45% |
| 2 | Technology | 9.63% |
| 3 | Real Estate | 7.25% |
| 4 | Materials | 2.28% |
| 5 | Industrials | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Twilio
TWLO
$30B
| $895K | 0.26% |
+10,000
| New | +$1.1M |
|
27
Vale
VALE
$64.1B
| $829K | 0.24% |
+100,000
| New | +$1.09M |
|
|
B
28
Barrick Mining
B
$61.5B
| $740K | 0.21% |
+40,400
| New | +$757K |
|
29
XPO
XPO
$23.6B
| $609K | 0.18% |
+36,142
| New | +$966K |
|
30
Frontline
FRO
$8.76B
| $577K | 0.17% |
+60,000
| New | +$559K |
|
|
RPAI
31
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $517K | 0.15% |
+100,000
| New | +$1.06M |
|
32
Knowles
KN
$3.13B
| $507K | 0.15% |
+37,900
| New | +$659K |
|
33
Arch Capital
ACGL
$34.3B
| – | – |
-44,998
| Closed | -$1.93M |
|
|
34
Adobe
ADBE
$99.5B
| – | – |
-99,000
| Closed | -$32.7M |
|
35
Acadia Realty Trust
AKR
$3.09B
| – | – |
-379,527
| Closed | -$9.84M |
|
36
Allstate
ALL
$68B
| – | – |
-16,851
| Closed | -$1.9M |
|
|
37
Advanced Micro Devices
AMD
$776B
| – | – |
-693,000
| Closed | -$31.8M |
|
38
Amgen
AMGN
$208B
| – | – |
-60,000
| Closed | -$14.5M |
|
39
Aon
AON
$76.5B
| – | – |
-12,981
| Closed | -$2.7M |
|
40
Alexandria Real Estate Equities
ARE
$8.97B
| – | – |
-79,084
| Closed | -$12.8M |
|
41
BILL Holdings
BILL
$4.49B
| – | – |
-20,000
| Closed | -$761K |
|
|
42
Berkshire Hathaway Class B
BRK.B
$1.1T
| – | – |
-247,000
| Closed | -$55.9M |
|
43
Chubb
CB
$135B
| – | – |
-10,903
| Closed | -$1.7M |
|
44
CNO Financial Group
CNO
$5.14B
| – | – |
-67,815
| Closed | -$1.23M |
|
45
Costco
COST
$422B
| – | – |
-58,000
| Closed | -$17M |
|
|
46
Salesforce
CRM
$151B
| – | – |
-176,000
| Closed | -$28.6M |
|
47
Chevron
CVX
$392B
| – | – |
-120,000
| Closed | -$14.5M |
|
48
Healthpeak Properties
DOC
$15.1B
| – | – |
-135,000
| Closed | -$4.65M |
|
49
Elevance Health
ELV
$81.5B
| – | – |
-37,000
| Closed | -$11.2M |
|
50
Equitable Holdings
EQH
$13B
| – | – |
-86,810
| Closed | -$2.15M |
|
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Crestline Management's Q1 2020 Portfolio in Review
As of Q1 2020, Crestline Management held 68 positions worth $347M, down 55% from $772M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Crestline Management withdrew a net $417M in Q1 2020, closing 36 positions and reducing 5 holdings. Its most notable exit was Berkshire Hathaway Class B, an estimated $55.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 78% of assets, up from 50% a quarter earlier, followed by Technology and Real Estate.
Against the trend, Crestline Management opened a new position in Kilroy Realty worth $7M.
- Crestline Management's largest Q1 2020 buy was Kilroy Realty: 109,965 shares worth $7M.
- Crestline Management's biggest Q1 2020 reduction was Denali Therapeutics, cutting an estimated $81.2M.
- Crestline Management fully exited Berkshire Hathaway Class B in Q1 2020, selling an estimated $55.9M.
- Crestline Management's ten largest holdings make up 90% of its $347M portfolio in Q1 2020.
- Crestline Management opened 27 new positions and closed 36 in Q1 2020.
- Crestline Management's portfolio value fell 55% quarter-over-quarter to $347M.
Based on Crestline Management's 13F filing for Q1 2020, filed 13 May 2020.