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 | |
|---|---|---|---|---|---|---|---|
1
CALL
LyondellBasell Industries
LYB
$19.8B
| $17.6M | 4.14% |
+162,100
| New | +$17.5M |
2014 Q3
0 quarters
|
|
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $16.7M | 3.93% |
+84,930
| New | +$16.8M |
2014 Q3
0 quarters
|
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $11.8M | 2.78% |
+60,000
| New | +$11.9M |
2014 Q3
0 quarters
|
|
4
PUT
GoPro
GPRO
$239M
| $11.8M | 2.76% |
+125,500
| New | +$6.41M |
2014 Q3
0 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $11.5M | 2.7% |
+105,000
| New | +$12M |
2014 Q3
0 quarters
|
|
|
6
PUT
3D Systems Corp
DDD
$487M
| $9.27M | 2.18% |
+200,000
| New | +$10.4M |
2014 Q3
0 quarters
|
|
7
CALL
Nucor
NUE
$58.3B
| $8.41M | 1.98% |
155,000
+80,000
| +107% | +$4.22M |
2014 Q2
1 quarter
|
|
8
PUT
Deere & Co
DE
$175B
| $8.2M | 1.92% |
100,000
+40,000
| +67% | +$3.42M |
2013 Q4
3 quarters
|
|
9
CALL
SPDR Gold Trust
GLD
$139B
| $8.13M | 1.91% |
70,000
| – | – |
2014 Q2
1 quarter
|
|
10
Immersion
IMMR
$235M
| $7.44M | 1.75% |
866,733
| – | – |
2013 Q2
5 quarters
|
|
11
CALL
Transocean
RIG
$6.23B
| $6.39M | 1.5% |
+200,000
| New | +$7.82M |
2014 Q3
0 quarters
|
|
|
LVNTA
12
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $6.34M | 1.49% |
167,059
-35,969
| -18% | -$1.32M |
2014 Q2
1 quarter
|
|
13
CALL
Church & Dwight Co
CHD
$24.3B
| $6.16M | 1.45% |
175,600
+95,600
| +120% | +$3.26M |
2014 Q2
1 quarter
|
|
|
14
Alphabet (Google) Class C
GOOG
$4.2T
| $5.91M | 1.39% |
202,635
+141,788
| +233% | +$4.1M |
2013 Q2
5 quarters
|
|
15
PUT
iShares US Home Construction ETF
ITB
$2.32B
| $5.62M | 1.32% |
+250,000
| New | +$5.87M |
2014 Q3
0 quarters
|
|
16
CALL
DELISTED
Seadrill Limited Common Stock
SDRL
| $5.35M | 1.26% |
+747
| New | +$7.06M |
2014 Q3
0 quarters
|
|
17
DELISTED
MOVE INC COM STK NEW (DE)
MOVE
| $5.25M | 1.23% |
250,451
+139,622
| +126% | +$2.1M |
2013 Q2
5 quarters
|
|
18
CALL
DuPont de Nemours
DD
$17.4B
| $5.24M | 1.23% |
+39,488
| New | +$5.27M |
2014 Q3
0 quarters
|
|
|
19
CALL
Steel Dynamics
STLD
$34.8B
| $5.09M | 1.19% |
+225,000
| New | +$4.92M |
2014 Q3
0 quarters
|
|
|
RDC
20
CALL
DELISTED
Rowan Companies Plc
RDC
| $5.06M | 1.19% |
+200,000
| New | +$5.9M |
2014 Q3
0 quarters
|
|
|
CRR
21
PUT
DELISTED
Carbo Ceramics Inc.
CRR
| $4.74M | 1.11% |
+80,000
| New | +$9.13M |
2014 Q3
0 quarters
|
|
|
CMCSK
22
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $4.72M | 1.11% |
88,298
+14,655
| +20% | +$784K |
2014 Q1
2 quarters
|
|
|
LTRPA
23
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $4.65M | 1.09% |
+137,294
| New | +$4.79M |
2014 Q3
0 quarters
|
|
24
PUT
Intuitive Surgical
ISRG
$148B
| $4.62M | 1.08% |
90,000
+45,000
| +100% | +$2.23M |
2013 Q2
5 quarters
|
|
25
Microsoft
MSFT
$3.96T
| $4.37M | 1.03% |
94,373
+11,973
| +15% | +$534K |
2014 Q2
1 quarter
|
|
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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.