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Crestline Management Portfolio holdings
AUM
$53.5M
1-Year Est. Return
80.67%
This Fund
S&P 500
This Quarter
Est. Return
+35.45%
1 Year Est. Return
+80.67%
3 Year Est. Return
+80.2%
5 Year Est. Return
+49.87%
10 Year Est. Return
+446.13%
AUM
$546M
AUM Growth
+$198M
(+57%)
Cap. Flow
-$23.6M
Cap. Flow
% of AUM
-4.33%
Top 10 Holdings %
Top 10 Hldgs %
72.11%
Holding
178
New
146
Increased
5
Reduced
9
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$12.6M |
| 2 |
Broadcom
AVGO
|
+$4.76M |
| 3 |
Brixmor Property Group
BRX
|
+$4.65M |
| 4 |
Highwoods Properties
HIW
|
+$4.39M |
| 5 |
Worthington Enterprises
WOR
|
+$4.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Denali Therapeutics
DNLI
|
+$45.2M |
| 2 |
Kilroy Realty
KRC
|
+$7M |
| 3 |
Micron Technology
MU
|
+$6.18M |
| 4 |
Boston Properties
BXP
|
+$4.09M |
| 5 |
KLA
KLAC
|
+$3.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 61.2% |
| 2 | Miscellaneous | 20.54% |
| 3 | Technology | 7.31% |
| 4 | Real Estate | 4.22% |
| 5 | Utilities | 1.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Denali Therapeutics
DNLI
$3.28B
| $330M | 60.47% |
13,644,881
-1,922,855
| -12% | -$45.2M |
|
|
2
PG&E
PCG
$29.1B
| $10.2M | 1.88% |
+1,155,000
| New | +$12.6M |
|
3
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$132M
| $8.49M | 1.56% |
+3,906
| New | +$9.39M |
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $7.4M | 1.36% |
+24,000
| New | +$7.02M |
|
5
Applied Materials
AMAT
$333B
| $6.95M | 1.27% |
115,000
+25,634
| +29% | +$1.38M |
|
6
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$357M
| $6.36M | 1.17% |
+60,000
| New | +$6.24M |
|
7
CALL
Invesco QQQ Trust
QQQ
$474B
| $6.19M | 1.13% |
+25,000
| New | +$5.6M |
|
|
8
PUT
Invesco QQQ Trust
QQQ
$474B
| $6.19M | 1.13% |
+25,000
| New | +$5.6M |
|
9
American Homes 4 Rent
AMH
$11.4B
| $5.84M | 1.07% |
217,084
+62,084
| +40% | +$1.55M |
|
10
NXP Semiconductors
NXPI
$56.9B
| $5.81M | 1.06% |
50,937
+15,845
| +45% | +$1.58M |
|
|
11
Broadcom
AVGO
$1.62T
| $5.37M | 0.98% |
+170,000
| New | +$4.76M |
|
|
12
Brixmor Property Group
BRX
$8.71B
| $5.28M | 0.97% |
+411,822
| New | +$4.65M |
|
|
13
Worthington Enterprises
WOR
$2.69B
| $5.27M | 0.97% |
+229,028
| New | +$4.09M |
|
14
CALL
State Street Financial Select Sector SPDR ETF
XLF
$54.2B
| $4.63M | 0.85% |
+200,000
| New | +$4.54M |
|
|
15
Highwoods Properties
HIW
$3.38B
| $4.41M | 0.81% |
+118,000
| New | +$4.39M |
|
16
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$14B
| $4.26M | 0.78% |
+75,000
| New | +$3.76M |
|
17
CALL
Oracle
ORCL
$407B
| $4.14M | 0.76% |
+75,000
| New | +$3.97M |
|
18
Agnico Eagle Mines
AEM
$99.6B
| $3.95M | 0.72% |
+61,600
| New | +$3.65M |
|
19
PUT
iShares US Real Estate ETF
IYR
$4.26B
| $3.94M | 0.72% |
+50,000
| New | +$3.79M |
|
20
Lam Research
LRCX
$336B
| $3.72M | 0.68% |
115,000
-32,820
| -22% | -$895K |
|
21
Intel
INTC
$513B
| $3.71M | 0.68% |
62,000
-36,000
| -37% | -$2.15M |
|
22
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$446M
| $3.51M | 0.64% |
+40,000
| New | +$3.53M |
|
23
PUT
Adobe
ADBE
$104B
| $3.27M | 0.6% |
+7,500
| New | +$2.78M |
|
|
AAT
24
American Assets Trust
AAT
$1.33B
| $3.03M | 0.56% |
108,896
-9,104
| -8% | -$249K |
|
|
25
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $2.7M | 0.5% |
+8,766
| New | +$2.57M |
|
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Crestline Management's Q2 2020 Portfolio in Review
As of Q2 2020, Crestline Management held 178 positions worth $546M, up 57% from $347M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Crestline Management withdrew a net $23.6M in Q2 2020, closing 18 positions and reducing 9 holdings. Its most notable exit was Kilroy Realty, an estimated $7M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 61% of assets, down from 78% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, Crestline Management opened a new position in PG&E worth $10.2M.
- Crestline Management's largest Q2 2020 buy was PG&E: 1,155,000 shares worth $10.2M.
- Crestline Management added most to NXP Semiconductors in Q2 2020, an estimated $1.58M increase.
- Crestline Management's biggest Q2 2020 reduction was Denali Therapeutics, cutting an estimated $45.2M.
- Crestline Management fully exited Kilroy Realty in Q2 2020, selling an estimated $7M.
- Crestline Management's ten largest holdings make up 72% of its $546M portfolio in Q2 2020.
- Crestline Management opened 146 new positions and closed 18 in Q2 2020.
- Crestline Management's portfolio value rose 57% quarter-over-quarter to $546M.
Based on Crestline Management's 13F filing for Q2 2020, filed 14 Aug 2020.