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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
+2.28%
1 Year Est. Return
+59.34%
3 Year Est. Return
+91.46%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$315M
AUM Growth
-$123M
(-28%)
Cap. Flow
-$34M
Cap. Flow
% of AUM
-10.81%
Top 10 Holdings %
Top 10 Hldgs %
25.4%
Holding
235
New
70
Increased
25
Reduced
47
Closed
92
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.1
years
Top 20 Avg Time Held Equity + Options
0.1
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NMI Holdings
NMIH
|
+$4.16M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$3.7M |
| 3 |
Allegion
ALLE
|
+$3.19M |
| 4 |
LGF
Lions Gate Entertainment
LGF
|
+$2.55M |
| 5 |
Liberty Global Class A
LBTYA
|
+$2.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TLAB
TELLABS INC
TLAB
|
+$8.98M |
| 2 |
Immersion
IMMR
|
+$6.58M |
| 3 |
Packaging Corp of America
PKG
|
+$3.47M |
| 4 |
Cineverse
CNVS
|
+$3.21M |
| 5 |
iShares Gold Trust
IAU
|
+$3.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 59.69% |
| 2 | Consumer Discretionary | 9.34% |
| 3 | Technology | 8.67% |
| 4 | Financials | 5.09% |
| 5 | Communication Services | 4.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Apple
AAPL
$5.04T
| $674K | 0.21% |
+33,600
| New | +$635K |
2013 Q4
0 quarters
|
|
127
Alphabet (Google) Class C
GOOG
$4.22T
| $653K | 0.21% |
23,407
-42,318
| -64% | -$1.07M |
2013 Q2
2 quarters
|
|
128
DELISTED
Emcore Corp
EMKR
| $586K | 0.19% |
11,444
-6,056
| -35% | -$305K |
2013 Q3
1 quarter
|
|
129
Royal Caribbean
RCL
$73.2B
| $572K | 0.18% |
12,065
-25,429
| -68% | -$1.08M |
2013 Q3
1 quarter
|
|
130
Ares Commercial Real Estate
ACRE
$203M
| $570K | 0.18% |
43,500
-16,500
| -28% | -$212K |
2013 Q2
2 quarters
|
|
131
eBay
EBAY
$53.4B
| $558K | 0.18% |
24,154
+8,518
| +54% | +$189K |
2013 Q3
1 quarter
|
|
132
Oaktree Specialty Lending
OCSL
$1.03B
| $509K | 0.16% |
18,333
-65,000
| -78% | -$1.92M |
2013 Q3
1 quarter
|
|
133
CALL
Kennametal
KMT
$2.33B
| $506K | 0.16% |
+9,700
| New | +$459K |
2013 Q4
0 quarters
|
|
|
YHOO
134
DELISTED
Yahoo Inc
YHOO
| $493K | 0.16% |
+12,170
| New | +$437K |
2013 Q4
0 quarters
|
|
|
XLNX
135
DELISTED
Xilinx Inc
XLNX
| $482K | 0.15% |
10,500
-4,520
| -30% | -$203K |
2013 Q3
1 quarter
|
|
136
Sprouts Farmers Market
SFM
$6.29B
| $432K | 0.14% |
+11,240
| New | +$475K |
2013 Q4
0 quarters
|
|
137
BlackRock TCP Capital
TCPC
$347M
| $420K | 0.13% |
+25,000
| New | +$419K |
2013 Q4
0 quarters
|
|
|
OCSI
138
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $393K | 0.12% |
29,700
+264
| +0.9% | +$3.56K |
2013 Q3
1 quarter
|
|
139
Mastercard
MA
$537B
| $346K | 0.11% |
4,140
-20
| -0.5% | -$1.49K |
2013 Q2
2 quarters
|
|
140
DELISTED
Streamline Health Solutions
STRM
| $313K | 0.1% |
+2,993
| New | +$329K |
2013 Q4
0 quarters
|
|
141
Ellington Residential Mortgage REIT
EARN
$126M
| $307K | 0.1% |
20,000
-165,000
| -89% | -$2.58M |
2013 Q2
2 quarters
|
|
142
Boyd Gaming
BYD
$5.15B
| $280K | 0.09% |
24,889
-172,207
| -87% | -$2.04M |
2013 Q3
1 quarter
|
|
143
Axcelis
ACLS
$3.43B
| $242K | 0.08% |
24,847
-153
| -0.6% | -$1.39K |
2013 Q3
1 quarter
|
|
144
PUT
AGCO
AGCO
$7.41B
| – | – |
-16,600
| Closed | -$1M | – |
|
145
AMC Global Media
AMCX
$438M
| – | – |
-21,183
| Closed | -$1.41M | – |
|
146
CALL
American Tower
AMT
$85.7B
| – | – |
-83,000
| Closed | -$6.15M | – |
|
147
Andersons Inc
ANDE
$2.3B
| – | – |
-22,085
| Closed | -$1.03M | – |
|
148
Apollo Commercial Real Estate
ARI
$823M
| – | – |
-67,900
| Closed | -$1.04M | – |
|
149
AptarGroup
ATR
$7.86B
| – | – |
-23,381
| Closed | -$1.41M | – |
|
150
Boeing
BA
$146B
| – | – |
-13,589
| Closed | -$1.6M | – |
|
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LCP
Dialectic Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Dialectic Capital Management held 235 positions worth $315M, down 28% from $438M the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Dialectic Capital Management withdrew a net $34M in Q4 2013, closing 92 positions and reducing 47 holdings. Its most notable exit was TELLABS INC, an estimated $8.98M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 60% of assets, down from 65% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Dialectic Capital Management opened a new position in NMI Holdings worth $3.98M.
- Dialectic Capital Management's largest Q4 2013 buy was NMI Holdings: 312,600 shares worth $3.98M.
- Dialectic Capital Management added most to Liberty Global Class A in Q4 2013, an estimated $2.35M increase.
- Dialectic Capital Management's biggest Q4 2013 reduction was Immersion, cutting an estimated $6.58M.
- Dialectic Capital Management fully exited TELLABS INC in Q4 2013, selling an estimated $8.98M.
- Dialectic Capital Management's ten largest holdings make up 25% of its $315M portfolio in Q4 2013.
- Dialectic Capital Management opened 70 new positions and closed 92 in Q4 2013.
- Dialectic Capital Management's portfolio value fell 28% quarter-over-quarter to $315M.
Based on Dialectic Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.