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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 | |
|---|---|---|---|---|---|---|
51
Federal Realty Investment Trust
FRT
$10.7B
| – | – |
-107,825
| Closed | -$13.9M |
|
52
GE Aerospace
GE
$374B
| – | – |
-348,305
| Closed | -$19.4M |
|
53
HUTCHMED
HCM
$1.93B
| – | – |
-57,200
| Closed | -$1.43M |
|
|
HPP
54
Hudson Pacific Properties
HPP
$747M
| – | – |
-42,919
| Closed | -$11.3M |
|
55
Healthcare Realty
HR
$7.28B
| – | – |
-162,100
| Closed | -$4.91M |
|
56
Kemper
KMPR
$1.67B
| – | – |
-20,080
| Closed | -$1.56M |
|
57
LXP Industrial Trust
LXP
$3.57B
| – | – |
-180,210
| Closed | -$9.57M |
|
58
MetLife
MET
$61.9B
| – | – |
-70,616
| Closed | -$3.6M |
|
59
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-100,000
| Closed | -$20.5M |
|
60
NVIDIA
NVDA
$4.86T
| – | – |
-2,320,000
| Closed | -$13.6M |
|
|
PGRE
61
DELISTED
Paramount Group
PGRE
| – | – |
-1,017,151
| Closed | -$14.2M |
|
62
Impinj
PI
$4.62B
| – | – |
-25,000
| Closed | -$647K |
|
63
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-19,720
| Closed | -$6.35M |
|
64
United Airlines
UAL
$39.4B
| – | – |
-12,745
| Closed | -$1.12M |
|
65
UnitedHealth
UNH
$376B
| – | – |
-68,000
| Closed | -$20M |
|
66
Wells Fargo
WFC
$261B
| – | – |
-156,000
| Closed | -$8.39M |
|
67
XP
XP
$8.81B
| – | – |
-40,000
| Closed | -$1.54M |
|
|
ATH
68
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| – | – |
-35,958
| Closed | -$1.69M |
|
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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.