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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
-8.03%
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
$661M
AUM Growth
-$419M
(-39%)
Cap. Flow
-$356M
Cap. Flow
% of AUM
-53.87%
Top 10 Holdings %
Top 10 Hldgs %
71.47%
Holding
175
New
36
Increased
24
Reduced
31
Closed
84
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Homes 4 Rent
AMH
|
+$9.19M |
| 2 |
Kilroy Realty
KRC
|
+$9.08M |
| 3 |
Travelers Companies
TRV
|
+$7.12M |
| 4 |
ROIC
Retail Opportunity Investments Corp.
ROIC
|
+$6.64M |
| 5 |
Synchrony
SYF
|
+$5.71M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aquestive Therapeutics
AQST
|
+$201M |
| 2 |
Denali Therapeutics
DNLI
|
+$20.2M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$11M |
| 4 |
HDP
Hortonworks, Inc.
HDP
|
+$7.46M |
| 5 |
Broadcom
AVGO
|
+$7.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 60.8% |
| 2 | Real Estate | 19.25% |
| 3 | Financials | 5.9% |
| 4 | Industrials | 4.47% |
| 5 | Consumer Discretionary | 3.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Microsoft
MSFT
$3.45T
| $1.07M | 0.16% |
10,553
-10,213
| -49% | -$1.09M |
|
|
BDN
77
Brandywine Realty Trust
BDN
$524M
| $1.04M | 0.16% |
81,017
-32,277
| -28% | -$456K |
|
78
Hartford Financial Services
HIG
$38.9B
| $1.04M | 0.16% |
+23,468
| New | +$1.06M |
|
|
ETFC
79
DELISTED
E*Trade Financial Corporation
ETFC
| $1.03M | 0.16% |
+23,424
| New | +$1.15M |
|
80
Dave & Buster's
PLAY
$377M
| $1.02M | 0.15% |
+22,930
| New | +$1.29M |
|
81
Ecovyst
ECVT
$1.32B
| $1M | 0.15% |
67,788
-109,275
| -62% | -$1.68M |
|
82
Citizens Financial Group
CFG
$30.3B
| $972K | 0.15% |
+32,684
| New | +$1.15M |
|
83
Worthington Enterprises
WOR
$2.77B
| $942K | 0.14% |
43,877
-81,244
| -65% | -$2.02M |
|
84
KeyCorp
KEY
$24.2B
| $938K | 0.14% |
+63,467
| New | +$1.12M |
|
85
Guidewire Software
GWRE
$12.6B
| $934K | 0.14% |
11,642
-25,412
| -69% | -$2.22M |
|
86
Varonis Systems
VRNS
$4.59B
| $899K | 0.14% |
51,000
+3,456
| +7% | +$68.2K |
|
87
Tencent Music
TME
$15.5B
| $818K | 0.12% |
+61,897
| New | +$790K |
|
88
Ally Financial
ALLY
$13.2B
| $757K | 0.11% |
+33,414
| New | +$836K |
|
89
NN Inc
NNBR
$255M
| $513K | 0.08% |
76,462
-273,819
| -78% | -$2.63M |
|
|
ALTR
90
DELISTED
Altair Engineering Inc
ALTR
| $441K | 0.07% |
16,000
-11,818
| -42% | -$390K |
|
91
Coherent
COHR
$51.4B
| $427K | 0.06% |
13,141
-50,740
| -79% | -$1.89M |
|
92
American Tower
AMT
$80.8B
| – | – |
-32,500
| Closed | -$4.72M |
|
|
93
Aquestive Therapeutics
AQST
$463M
| – | – |
-11,503,294
| Closed | -$201M |
|
94
Arrow Electronics
ARW
$11.1B
| – | – |
-15,000
| Closed | -$1.11M |
|
|
95
Broadcom
AVGO
$1.85T
| – | – |
-296,940
| Closed | -$7.33M |
|
96
Acuity Brands
AYI
$9.83B
| – | – |
-11,296
| Closed | -$1.78M |
|
97
Alibaba
BABA
$293B
| – | – |
-13,000
| Closed | -$2.14M |
|
98
Belden
BDC
$4.83B
| – | – |
-30,500
| Closed | -$2.18M |
|
99
BJs Wholesale Club
BJ
$12.5B
| – | – |
-50,000
| Closed | -$1.34M |
|
100
Blue Bird Corp
BLBD
$2.35B
| – | – |
-81,839
| Closed | -$2M |
|
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Crestline Management's Q4 2018 Portfolio in Review
As of Q4 2018, Crestline Management held 175 positions worth $661M, down 39% from $1.08B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Crestline Management withdrew a net $356M in Q4 2018, closing 84 positions and reducing 31 holdings. Its most notable exit was Aquestive Therapeutics, an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 61% of assets, up from 60% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Crestline Management opened a new position in American Homes 4 Rent worth $8.92M.
- Crestline Management's largest Q4 2018 buy was American Homes 4 Rent: 449,400 shares worth $8.92M.
- Crestline Management added most to Kilroy Realty in Q4 2018, an estimated $9.08M increase.
- Crestline Management's biggest Q4 2018 reduction was Denali Therapeutics, cutting an estimated $20.2M.
- Crestline Management fully exited Aquestive Therapeutics in Q4 2018, selling an estimated $201M.
- Crestline Management's ten largest holdings make up 71% of its $661M portfolio in Q4 2018.
- Crestline Management opened 36 new positions and closed 84 in Q4 2018.
- Crestline Management's portfolio value fell 39% quarter-over-quarter to $661M.
Based on Crestline Management's 13F filing for Q4 2018, filed 14 Feb 2019.