DCM
Dialectic Capital Management Portfolio holdings
AUM
$155M
Turnover
75.7%
1-Year Est. Return
59.34%
This Fund
S&P 500
This Quarter
Est. Return
-7.19%
1 Year Est. Return
+59.34%
3 Year Est. Return
+91.46%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$306M
AUM Growth
-$27.9M
(-8.3%)
Cap. Flow
+$15.6M
Cap. Flow
% of AUM
5.11%
Top 10 Holdings %
Top 10 Hldgs %
38.94%
Holding
241
New
69
Increased
35
Reduced
32
Closed
99
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.2
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRC Group Holdings
RILY
|
+$8.36M |
| 2 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$5.29M |
| 3 |
Altera Corp
ALTR
|
+$4.51M |
| 4 |
NETSCOUT
NTCT
|
+$4.35M |
| 5 |
BWX Technologies
BWXT
|
+$3.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MCGC
MCG CAP CORP
MCGC
|
+$3.21M |
| 2 |
VIAB
Viacom Inc. Class B
VIAB
|
+$2.56M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$2.17M |
| 4 |
ACAS
American Capital Ltd
ACAS
|
+$2.06M |
| 5 |
GG
Goldcorp Inc
GG
|
+$1.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 58.16% |
| 2 | Technology | 11.8% |
| 3 | Industrials | 9.99% |
| 4 | Financials | 9.97% |
| 5 | Real Estate | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
HEICO Corp
HEI
$41.7B
| $1.15M | 0.38% |
57,463
+15,459
| +37% | +$337K |
2015 Q2
1 quarter
|
|
77
NMI Holdings
NMIH
$2.99B
| $1.14M | 0.37% |
149,550
+109,550
| +274% | +$898K |
2013 Q4
7 quarters
|
|
|
REXI
78
DELISTED
RESOURCE AMERICA INC CL-A
REXI
| $1.12M | 0.37% |
168,360
-60,040
| -26% | -$457K |
2015 Q1
2 quarters
|
|
79
Landstar System
LSTR
$5.74B
| $1.07M | 0.35% |
+16,860
| New | +$1.15M |
2015 Q3
0 quarters
|
|
80
SPDR Gold Trust
GLD
$139B
| $1.07M | 0.35% |
+10,000
| New | +$1.08M |
2015 Q3
0 quarters
|
|
81
People Inc
PPLI
$3.02B
| $1.06M | 0.35% |
91,144
-23,372
| -20% | -$310K |
2014 Q3
4 quarters
|
|
82
HUB Group
HUBG
$1.61B
| $1.06M | 0.35% |
58,204
-7,340
| -11% | -$145K |
2014 Q4
3 quarters
|
|
83
Murphy USA
MUSA
$9.9B
| $1.05M | 0.34% |
+19,163
| New | +$1.02M |
2015 Q3
0 quarters
|
|
|
HTWR
84
PUT
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $1.05M | 0.34% |
+20,000
| New | +$1.52M |
2015 Q3
0 quarters
|
|
|
NRF
85
DELISTED
NorthStar Realty Finance Corp.
NRF
| $1.02M | 0.33% |
41,215
-18,785
| -31% | -$559K |
2014 Q3
4 quarters
|
|
86
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.34B
| $970K | 0.32% |
+30,000
| New | +$1.11M |
2015 Q3
0 quarters
|
|
87
PUT
HCI Group
HCI
$2.44B
| $969K | 0.32% |
+25,000
| New | +$1.04M |
2015 Q3
0 quarters
|
|
88
Ares Commercial Real Estate
ACRE
$194M
| $958K | 0.31% |
83,570
+42,570
| +104% | +$523K |
2015 Q2
1 quarter
|
|
89
PUT
United States Oil Fund
USO
$1.97B
| $954K | 0.31% |
8,125
-4,375
| -35% | -$537K |
2015 Q2
1 quarter
|
|
|
BHBK
90
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $953K | 0.31% |
68,725
+43,525
| +173% | +$625K |
2015 Q2
1 quarter
|
|
91
Horizon Technology Finance
HRZN
$302M
| $943K | 0.31% |
+104,152
| New | +$1.12M |
2015 Q3
0 quarters
|
|
|
GLUU
92
DELISTED
Glu Mobile Inc.
GLUU
| $939K | 0.31% |
214,840
+24,368
| +13% | +$125K |
2015 Q2
1 quarter
|
|
93
Ericsson
ERIC
$31.1B
| $925K | 0.3% |
+94,591
| New | +$957K |
2015 Q3
0 quarters
|
|
94
Howard Hughes
HHH
$4.08B
| $903K | 0.29% |
+8,261
| New | +$1.03M |
2015 Q3
0 quarters
|
|
|
BRCD
95
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $902K | 0.29% |
86,874
-8,296
| -9% | -$86.9K |
2014 Q2
5 quarters
|
|
|
ATVI
96
DELISTED
Activision Blizzard
ATVI
| $896K | 0.29% |
+29,010
| New | +$809K |
2015 Q3
0 quarters
|
|
97
Vulcan Materials
VMC
$31.3B
| $892K | 0.29% |
+9,998
| New | +$931K |
2015 Q3
0 quarters
|
|
98
DELISTED
Vonage Holdings Corporation
VG
| $889K | 0.29% |
151,216
-280,214
| -65% | -$1.59M |
2014 Q1
6 quarters
|
|
99
Martin Marietta Materials
MLM
$33.5B
| $873K | 0.28% |
+5,746
| New | +$930K |
2015 Q3
0 quarters
|
|
|
DISH
100
DELISTED
DISH Network Corp.
DISH
| $861K | 0.28% |
14,766
-5,845
| -28% | -$371K |
2014 Q2
5 quarters
|
|
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Dialectic Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Dialectic Capital Management held 241 positions worth $306M, down 8.3% from $334M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Dialectic Capital Management deployed $15.6M of net new capital in Q3 2015, opening 69 new positions and adding to 35 existing holdings. Its largest new stake was BRC Group Holdings: 851,130 shares worth $8.22M.
By sector, the portfolio is most concentrated in Miscellaneous at 58% of assets, down from 61% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was American Capital Ltd, an estimated $2.06M trimmed.
- Dialectic Capital Management's largest Q3 2015 buy was BRC Group Holdings: 851,130 shares worth $8.22M.
- Dialectic Capital Management added most to NETSCOUT in Q3 2015, an estimated $4.35M increase.
- Dialectic Capital Management's biggest Q3 2015 reduction was American Capital Ltd, cutting an estimated $2.06M.
- Dialectic Capital Management fully exited MCG CAP CORP in Q3 2015, selling an estimated $3.21M.
- Dialectic Capital Management's ten largest holdings make up 39% of its $306M portfolio in Q3 2015.
- Dialectic Capital Management opened 69 new positions and closed 99 in Q3 2015.
- Dialectic Capital Management's portfolio value fell 8.3% quarter-over-quarter to $306M.
Based on Dialectic Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.