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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 | |
|---|---|---|---|---|---|---|
|
1
Denali Therapeutics
DNLI
$3.65B
| $273M | 78.45% |
15,567,736
-3,894,764
| -20% | -$81.2M |
|
|
2
Kilroy Realty
KRC
$4.52B
| $7M | 2.02% |
+109,965
| New | +$8.38M |
|
3
Micron Technology
MU
$930B
| $6.18M | 1.78% |
146,949
-16,051
| -10% | -$835K |
|
|
4
Intel
INTC
$455B
| $5.3M | 1.53% |
+98,000
| New | +$5.8M |
|
|
5
Applied Materials
AMAT
$403B
| $4.09M | 1.18% |
+89,366
| New | +$5.13M |
|
|
6
Boston Properties
BXP
$11.2B
| $4.09M | 1.18% |
+44,400
| New | +$5.72M |
|
7
KLA
KLAC
$239B
| $3.83M | 1.1% |
+266,790
| New | +$4.3M |
|
8
American Homes 4 Rent
AMH
$12B
| $3.6M | 1.03% |
155,000
-411,157
| -73% | -$10.9M |
|
9
Lam Research
LRCX
$367B
| $3.55M | 1.02% |
+147,820
| New | +$4.26M |
|
10
Rio Tinto
RIO
$158B
| $3.33M | 0.96% |
+73,000
| New | +$3.75M |
|
11
Newmont
NEM
$98.7B
| $3.03M | 0.87% |
+66,916
| New | +$3.02M |
|
|
AAT
12
American Assets Trust
AAT
$1.45B
| $2.95M | 0.85% |
+118,000
| New | +$4.77M |
|
13
NXP Semiconductors
NXPI
$57.8B
| $2.91M | 0.84% |
+35,092
| New | +$4.11M |
|
14
VanEck Gold Miners ETF
GDX
$22.7B
| $2.3M | 0.66% |
+100,000
| New | +$2.74M |
|
15
Commercial Metals
CMC
$7.6B
| $2.26M | 0.65% |
+143,382
| New | +$2.73M |
|
16
Lumentum
LITE
$55.5B
| $2.14M | 0.62% |
+29,000
| New | +$2.28M |
|
17
Microchip Technology
MCHP
$40.3B
| $2.07M | 0.59% |
+60,932
| New | +$2.87M |
|
18
Analog Devices
ADI
$179B
| $1.97M | 0.57% |
+22,000
| New | +$2.41M |
|
19
Invitation Homes
INVH
$17.7B
| $1.85M | 0.53% |
+86,500
| New | +$2.45M |
|
20
Crown Holdings
CCK
$12.8B
| $1.65M | 0.48% |
+28,500
| New | +$1.98M |
|
|
TRTX
21
TPG RE Finance Trust
TRTX
$612M
| $1.62M | 0.47% |
295,601
-78,665
| -21% | -$1.36M |
|
22
Realty Income
O
$59.6B
| $1.5M | 0.43% |
+30,960
| New | +$2.16M |
|
|
PLYM
23
DELISTED
Plymouth Industrial REIT
PLYM
| $1.14M | 0.33% |
102,009
-36,879
| -27% | -$632K |
|
24
Agree Realty
ADC
$9.34B
| $929K | 0.27% |
+15,000
| New | +$1.07M |
|
|
CMBT
25
CMB.TECH NV
CMBT
$4.69B
| $902K | 0.26% |
+80,000
| New | +$825K |
|
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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.