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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 | |
|---|---|---|---|---|---|---|
126
Lam Research
LRCX
$367B
| – | – |
-455,480
| Closed | -$6.91M |
|
127
Microchip Technology
MCHP
$40.3B
| – | – |
-65,000
| Closed | -$2.56M |
|
|
RJET
128
Republic Airways Holdings
RJET
$967M
| – | – |
-4,528
| Closed | -$941K |
|
129
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-16,000
| Closed | -$2.63M |
|
130
Manitowoc
MTW
$497M
| – | – |
-51,992
| Closed | -$1.25M |
|
131
Minerals Technologies
MTX
$2.36B
| – | – |
-32,606
| Closed | -$2.2M |
|
132
Mueller Water Products
MWA
$3.95B
| – | – |
-196,603
| Closed | -$2.26M |
|
133
Norwegian Cruise Line
NCLH
$8.51B
| – | – |
-27,000
| Closed | -$1.55M |
|
134
Natural Gas Services Group
NGS
$472M
| – | – |
-76,977
| Closed | -$1.62M |
|
135
NNN REIT
NNN
$9.04B
| – | – |
-39,649
| Closed | -$1.78M |
|
136
Nutanix
NTNX
$16B
| – | – |
-105,055
| Closed | -$4.49M |
|
137
Quanex
NX
$819M
| – | – |
-76,070
| Closed | -$1.38M |
|
138
Oracle
ORCL
$374B
| – | – |
-55,000
| Closed | -$2.84M |
|
139
Palo Alto Networks
PANW
$270B
| – | – |
-63,396
| Closed | -$2.38M |
|
140
Pegasystems
PEGA
$5.02B
| – | – |
-220,186
| Closed | -$6.89M |
|
141
Powell Industries
POWL
$7.6B
| – | – |
-278,460
| Closed | -$3.37M |
|
142
Rogers Corp
ROG
$2.21B
| – | – |
-11,470
| Closed | -$1.69M |
|
143
SBA Communications
SBAC
$19.2B
| – | – |
-29,500
| Closed | -$4.74M |
|
144
Shopify
SHOP
$152B
| – | – |
-140,130
| Closed | -$2.31M |
|
|
SHYF
145
DELISTED
The Shyft Group
SHYF
| – | – |
-113,239
| Closed | -$1.67M |
|
146
Synopsys
SNPS
$74.4B
| – | – |
-15,600
| Closed | -$1.54M |
|
147
TD Synnex
SNX
$20.4B
| – | – |
-30,000
| Closed | -$1.27M |
|
148
Sterling Infrastructure
STRL
$18.3B
| – | – |
-90,242
| Closed | -$1.29M |
|
149
Sun Communities
SUI
$15.2B
| – | – |
-50,000
| Closed | -$5.08M |
|
150
Skyworks Solutions
SWKS
$9.37B
| – | – |
-54,657
| Closed | -$4.96M |
|
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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.