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
-0.32%
1 Year Est. Return
+59.34%
3 Year Est. Return
+91.46%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$426M
AUM Growth
+$109M
(+34%)
Cap. Flow
+$54.7M
Cap. Flow
% of AUM
12.83%
Top 10 Holdings %
Top 10 Hldgs %
26.03%
Holding
239
New
86
Increased
52
Reduced
20
Closed
76
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.1
years
Avg Time Held Equity only
0.3
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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$16.8M |
| 2 |
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
|
+$4.79M |
| 3 |
3D Systems Corp
DDD
|
+$4.41M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$4.1M |
| 5 |
People Inc
PPLI
|
+$3.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$3.79M |
| 2 |
Steel Dynamics
STLD
|
+$3.16M |
| 3 |
T-Mobile US
TMUS
|
+$2.6M |
| 4 |
TLM
TALISMAN ENERGY INC
TLM
|
+$2.58M |
| 5 |
International Paper
IP
|
+$2.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.14% |
| 2 | Technology | 13.34% |
| 3 | Communication Services | 5.62% |
| 4 | Financials | 5.6% |
| 5 | Real Estate | 5.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
MR
101
CALL
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $1.51M | 0.35% |
50,000
| – | – |
2014 Q2
1 quarter
|
|
102
PUT
Axos Financial
AX
$4.91B
| $1.45M | 0.34% |
80,000
| – | – |
2014 Q2
1 quarter
|
|
|
JPW
103
DELISTED
Nuveen Flexible Invstment Fd
JPW
| $1.44M | 0.34% |
+82,285
| New | +$1.5M |
2014 Q3
0 quarters
|
|
104
DELISTED
La Quinta Holdings Inc.
LQ
| $1.39M | 0.33% |
+73,367
| New | +$1.42M |
2014 Q3
0 quarters
|
|
105
DELISTED
SunEdison Semiconductor Limited
SEMI
| $1.35M | 0.32% |
69,567
+35,144
| +102% | +$599K |
2014 Q2
1 quarter
|
|
106
CALL
CNX Resources
CNX
$5.15B
| $1.32M | 0.31% |
+42,000
| New | +$1.41M |
2014 Q3
0 quarters
|
|
107
Nucor
NUE
$58.3B
| $1.31M | 0.31% |
24,061
+6,732
| +39% | +$355K |
2014 Q2
1 quarter
|
|
108
CALL
Campbell Soup
CPB
$5.7B
| $1.28M | 0.3% |
30,000
-50,000
| -63% | -$2.19M |
2014 Q2
1 quarter
|
|
109
Saratoga Investment
SAR
$232M
| $1.28M | 0.3% |
80,000
+47,043
| +143% | +$749K |
2014 Q2
1 quarter
|
|
|
OCSI
110
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $1.27M | 0.3% |
+107,500
| New | +$1.39M |
2014 Q3
0 quarters
|
|
|
111
Steel Dynamics
STLD
$34.8B
| $1.25M | 0.29% |
55,064
-144,649
| -72% | -$3.16M |
2014 Q2
1 quarter
|
|
|
MHR
112
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $1.25M | 0.29% |
223,434
+164,897
| +282% | +$1.09M |
2013 Q4
3 quarters
|
|
113
CALL
DELISTED
Warner Bros
WBD
| $1.2M | 0.28% |
+16,000
| New | +$666K |
2014 Q3
0 quarters
|
|
114
Range Resources
RRC
$9.78B
| $1.2M | 0.28% |
17,704
+9,643
| +120% | +$736K |
2014 Q1
2 quarters
|
|
|
RAI
115
CALL
DELISTED
Reynolds American Inc
RAI
| $1.18M | 0.28% |
+40,000
| New | +$1.16M |
2014 Q3
0 quarters
|
|
116
DELISTED
SLR Senior Investment Corp. Common Stock
SUNS
| $1.18M | 0.28% |
+76,543
| New | +$1.24M |
2014 Q3
0 quarters
|
|
117
Customers Bancorp
CUBI
$2.48B
| $1.15M | 0.27% |
64,195
+16,794
| +35% | +$318K |
2013 Q2
5 quarters
|
|
118
abrdn Physical Palladium Shares ETF
PALL
$579M
| $1.13M | 0.26% |
+75,000
| New | +$1.26M |
2014 Q3
0 quarters
|
|
119
WidePoint Corp
WYY
$66.1M
| $1.07M | 0.25% |
62,411
-3,525
| -5% | -$57.1K |
2014 Q1
2 quarters
|
|
120
PUT
Verizon
VZ
$185B
| $1M | 0.23% |
+20,000
| New | +$994K |
2014 Q3
0 quarters
|
|
121
SiriusXM
SIRI
$8.94B
| $989K | 0.23% |
28,350
+5,262
| +23% | +$184K |
2014 Q2
1 quarter
|
|
122
Apple
AAPL
$5.01T
| $950K | 0.22% |
37,716
-84,628
| -69% | -$2.08M |
2013 Q4
3 quarters
|
|
|
ICPT
123
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $947K | 0.22% |
+4,000
| New | +$1.02M |
2014 Q3
0 quarters
|
|
124
PUT
Plug Power
PLUG
$2.03B
| $918K | 0.22% |
+200,000
| New | +$1.03M |
2014 Q3
0 quarters
|
|
125
DELISTED
Emcore Corp
EMKR
| $917K | 0.22% |
+16,118
| New | +$703K |
2014 Q3
0 quarters
|
|
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Dialectic Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Dialectic Capital Management held 239 positions worth $426M, up 34% from $317M the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Dialectic Capital Management deployed $54.7M of net new capital in Q3 2014, opening 86 new positions and adding to 52 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 84,930 shares worth $16.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, up from 54% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Steel Dynamics, an estimated $3.16M trimmed.
- Dialectic Capital Management's largest Q3 2014 buy was State Street SPDR S&P 500 ETF Trust: 84,930 shares worth $16.7M.
- Dialectic Capital Management added most to Alphabet (Google) Class C in Q3 2014, an estimated $4.1M increase.
- Dialectic Capital Management's biggest Q3 2014 reduction was Steel Dynamics, cutting an estimated $3.16M.
- Dialectic Capital Management fully exited GE Aerospace in Q3 2014, selling an estimated $3.79M.
- Dialectic Capital Management's ten largest holdings make up 26% of its $426M portfolio in Q3 2014.
- Dialectic Capital Management opened 86 new positions and closed 76 in Q3 2014.
- Dialectic Capital Management's portfolio value rose 34% quarter-over-quarter to $426M.
Based on Dialectic Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.