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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
+14.59%
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
$772M
AUM Growth
+$151M
(+24%)
Cap. Flow
+$82.8M
Cap. Flow
% of AUM
10.72%
Top 10 Holdings %
Top 10 Hldgs %
75.08%
Holding
104
New
25
Increased
5
Reduced
8
Closed
63
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$53.6M |
| 2 |
Adobe
ADBE
|
+$29.1M |
| 3 |
Salesforce
CRM
|
+$27.6M |
| 4 |
Advanced Micro Devices
AMD
|
+$25.5M |
| 5 |
GE Aerospace
GE
|
+$18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAT
American Assets Trust
AAT
|
+$15.3M |
| 2 |
NNN REIT
NNN
|
+$10.9M |
| 3 |
Cigna
CI
|
+$10.2M |
| 4 |
Sunstone Hotel Investors
SHO
|
+$8.65M |
| 5 |
Highwoods Properties
HIW
|
+$8.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 50% |
| 2 | Technology | 15.13% |
| 3 | Real Estate | 13.74% |
| 4 | Financials | 10.92% |
| 5 | Communication Services | 2.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Denali Therapeutics
DNLI
$3.65B
| $339M | 43.9% |
19,462,500
| – | – |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.1T
| $55.9M | 7.24% |
+247,000
| New | +$53.6M |
|
|
3
Adobe
ADBE
$99.5B
| $32.7M | 4.23% |
+99,000
| New | +$29.1M |
|
|
4
Advanced Micro Devices
AMD
$776B
| $31.8M | 4.12% |
+693,000
| New | +$25.5M |
|
|
5
Salesforce
CRM
$151B
| $28.6M | 3.71% |
+176,000
| New | +$27.6M |
|
6
Meta Platforms (Facebook)
META
$1.42T
| $20.5M | 2.66% |
100,000
+85,200
| +576% | +$16.5M |
|
7
UnitedHealth
UNH
$376B
| $20M | 2.59% |
68,000
+45,500
| +202% | +$11.9M |
|
|
8
GE Aerospace
GE
$374B
| $19.4M | 2.51% |
+348,305
| New | +$18M |
|
9
Costco
COST
$422B
| $17M | 2.21% |
+58,000
| New | +$17.2M |
|
10
American Homes 4 Rent
AMH
$12B
| $14.8M | 1.92% |
566,157
-34,586
| -6% | -$902K |
|
11
Amgen
AMGN
$208B
| $14.5M | 1.87% |
+60,000
| New | +$13.2M |
|
12
Chevron
CVX
$392B
| $14.5M | 1.87% |
+120,000
| New | +$14.1M |
|
|
PGRE
13
DELISTED
Paramount Group
PGRE
| $14.2M | 1.83% |
1,017,151
+8,300
| +0.8% | +$111K |
|
14
Federal Realty Investment Trust
FRT
$10.7B
| $13.9M | 1.8% |
107,825
+9,532
| +10% | +$1.27M |
|
15
NVIDIA
NVDA
$4.86T
| $13.6M | 1.77% |
+2,320,000
| New | +$12.1M |
|
16
Alexandria Real Estate Equities
ARE
$8.97B
| $12.8M | 1.65% |
79,084
-30,501
| -28% | -$4.81M |
|
|
HPP
17
Hudson Pacific Properties
HPP
$747M
| $11.3M | 1.46% |
42,919
-19,352
| -31% | -$4.77M |
|
18
Elevance Health
ELV
$81.5B
| $11.2M | 1.45% |
+37,000
| New | +$10.2M |
|
19
Acadia Realty Trust
AKR
$3.09B
| $9.84M | 1.27% |
+379,527
| New | +$10.4M |
|
20
LXP Industrial Trust
LXP
$3.57B
| $9.57M | 1.24% |
+180,210
| New | +$9.64M |
|
21
Micron Technology
MU
$930B
| $8.77M | 1.14% |
+163,000
| New | +$7.78M |
|
22
Wells Fargo
WFC
$261B
| $8.39M | 1.09% |
+156,000
| New | +$8.17M |
|
|
TRTX
23
TPG RE Finance Trust
TRTX
$612M
| $7.59M | 0.98% |
374,266
| – | – |
|
24
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $6.35M | 0.82% |
19,720
-19,010
| -49% | -$5.85M |
|
25
Healthcare Realty
HR
$7.28B
| $4.91M | 0.64% |
+162,100
| New | +$4.84M |
|
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Crestline Management's Q4 2019 Portfolio in Review
As of Q4 2019, Crestline Management held 104 positions worth $772M, up 24% from $621M the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Crestline Management deployed $82.8M of net new capital in Q4 2019, opening 25 new positions and adding to 5 existing holdings. Its largest new stake was Berkshire Hathaway Class B: 247,000 shares worth $55.9M.
By sector, the portfolio is most concentrated in Healthcare at 50% of assets, down from 59% a quarter earlier, followed by Technology and Real Estate.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $5.85M trimmed.
- Crestline Management's largest Q4 2019 buy was Berkshire Hathaway Class B: 247,000 shares worth $55.9M.
- Crestline Management added most to Meta Platforms (Facebook) in Q4 2019, an estimated $16.5M increase.
- Crestline Management's biggest Q4 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $5.85M.
- Crestline Management fully exited American Assets Trust in Q4 2019, selling an estimated $15.3M.
- Crestline Management's ten largest holdings make up 75% of its $772M portfolio in Q4 2019.
- Crestline Management opened 25 new positions and closed 63 in Q4 2019.
- Crestline Management's portfolio value rose 24% quarter-over-quarter to $772M.
Based on Crestline Management's 13F filing for Q4 2019, filed 12 Feb 2020.