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DCM
Dialectic Capital Management Portfolio holdings
AUM
$155M
1-Year Est. Return
59.34%
This Fund
S&P 500
This Quarter
Est. Return
+3.02%
1 Year Est. Return
+59.34%
3 Year Est. Return
+91.46%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$334M
AUM Growth
-$241M
(-42%)
Cap. Flow
-$81.7M
Cap. Flow
% of AUM
-24.45%
Top 10 Holdings %
Top 10 Hldgs %
32.22%
Holding
284
New
73
Increased
24
Reduced
70
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MCGC
MCG CAP CORP
MCGC
|
+$3.15M |
| 2 |
AerCap
AER
|
+$2.42M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$2.27M |
| 4 |
GG
Goldcorp Inc
GG
|
+$2.22M |
| 5 |
Honeywell
HON
|
+$1.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Immersion
IMMR
|
+$5.66M |
| 2 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$5.25M |
| 3 |
SBA Communications
SBAC
|
+$4.88M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$4.88M |
| 5 |
Crown Castle
CCI
|
+$3.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 61.16% |
| 2 | Technology | 8.32% |
| 3 | Communication Services | 7.39% |
| 4 | Industrials | 7.17% |
| 5 | Financials | 7.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
iShares MSCI Germany ETF
EWG
$1.74B
| $23.7M | 7.09% |
+850,000
| New | +$25.3M |
|
2
PUT
Netflix
NFLX
$340B
| $19.7M | 5.9% |
2,100,000
| – | – |
|
3
PUT
PACCAR
PCAR
$66B
| $14M | 4.18% |
+328,650
| New | +$14.2M |
|
4
PUT
iShares Russell 2000 ETF
IWM
$80.8B
| $11.2M | 3.36% |
+90,000
| New | +$11.2M |
|
5
PUT
Cummins
CMI
$77.8B
| $9.87M | 2.95% |
+75,200
| New | +$10.3M |
|
|
6
Immersion
IMMR
$254M
| $6.45M | 1.93% |
508,951
-501,198
| -50% | -$5.66M |
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
| $6.17M | 1.85% |
30,000
-153,000
| -84% | -$32.2M |
|
|
CMCSK
8
CALL
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $5.9M | 1.76% |
+98,400
| New | +$5.9M |
|
9
PUT
Zillow
ZG
$8.23B
| $5.7M | 1.7% |
197,100
| – | – |
|
10
PUT
General Mills
GIS
$22.2B
| $5.01M | 1.5% |
+90,000
| New | +$5.04M |
|
|
RAI
11
CALL
DELISTED
Reynolds American Inc
RAI
| $4.73M | 1.42% |
126,800
+106,800
| +534% | +$4M |
|
12
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.78B
| $4.67M | 1.4% |
+25,000
| New | +$5.11M |
|
13
PUT
Alcoa
AA
$13.3B
| $4.34M | 1.3% |
+162,089
| New | +$5.02M |
|
|
ACAS
14
DELISTED
American Capital Ltd
ACAS
| $4.12M | 1.23% |
304,000
+85,000
| +39% | +$1.24M |
|
15
PUT
McCormick & Company Non-Voting
MKC
$14.9B
| $4.05M | 1.21% |
+100,000
| New | +$3.89M |
|
|
COVS
16
DELISTED
Covisint Corporation
COVS
| $3.79M | 1.13% |
1,157,895
+454,230
| +65% | +$1.08M |
|
|
17
AerCap
AER
$23.2B
| $3.6M | 1.08% |
78,625
+50,972
| +184% | +$2.42M |
|
18
CALL
Aramark
ARMK
$15.3B
| $3.41M | 1.02% |
+152,350
| New | +$3.44M |
|
19
CALL
General Motors
GM
$75.7B
| $3.33M | 1% |
100,000
-200,000
| -67% | -$7.13M |
|
20
PUT
Amazon
AMZN
$2.87T
| $3.26M | 0.97% |
150,000
-200,000
| -57% | -$4.18M |
|
|
MCGC
21
DELISTED
MCG CAP CORP
MCGC
| $3.21M | 0.96% |
+705,000
| New | +$3.15M |
|
22
PUT
Century Aluminum
CENX
$4.61B
| $3.13M | 0.94% |
+300,000
| New | +$3.82M |
|
|
CRR
23
PUT
DELISTED
Carbo Ceramics Inc.
CRR
| $3.12M | 0.93% |
75,000
-25,000
| -25% | -$1.01M |
|
|
MNK
24
PUT
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $2.94M | 0.88% |
+25,000
| New | +$3.08M |
|
25
CALL
Occidental Petroleum
OXY
$59.1B
| $2.93M | 0.88% |
+37,764
| New | +$2.95M |
|
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Dialectic Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Dialectic Capital Management held 284 positions worth $334M, down 42% from $575M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Dialectic Capital Management withdrew a net $81.7M in Q2 2015, closing 112 positions and reducing 70 holdings. Its most notable exit was Liberty Interactive Corporation Series A Liberty Ventures, an estimated $5.25M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, down from 64% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Dialectic Capital Management opened a new position in MCG CAP CORP worth $3.21M.
- Dialectic Capital Management's largest Q2 2015 buy was MCG CAP CORP: 705,000 shares worth $3.21M.
- Dialectic Capital Management added most to AerCap in Q2 2015, an estimated $2.42M increase.
- Dialectic Capital Management's biggest Q2 2015 reduction was Immersion, cutting an estimated $5.66M.
- Dialectic Capital Management fully exited Liberty Interactive Corporation Series A Liberty Ventures in Q2 2015, selling an estimated $5.25M.
- Dialectic Capital Management's ten largest holdings make up 32% of its $334M portfolio in Q2 2015.
- Dialectic Capital Management opened 73 new positions and closed 112 in Q2 2015.
- Dialectic Capital Management's portfolio value fell 42% quarter-over-quarter to $334M.
Based on Dialectic Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.