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
+1.58%
1 Year Est. Return
+59.34%
3 Year Est. Return
+91.46%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$214M
AUM Growth
-$134M
(-38%)
Cap. Flow
+$20.7M
Cap. Flow
% of AUM
9.7%
Top 10 Holdings %
Top 10 Hldgs %
52.03%
Holding
173
New
45
Increased
22
Reduced
26
Closed
80
Avg Time Held Equity + Options
0.4
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
0.4
years
Top 10 Avg Time Held Equity only
0.1
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
|
+$30.5M |
| 2 |
Tesla
TSLA
|
+$7.1M |
| 3 |
Green Dot
GDOT
|
+$7.07M |
| 4 |
Apple
AAPL
|
+$3.09M |
| 5 |
ACAS
American Capital Ltd
ACAS
|
+$2.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Emerson Electric
EMR
|
+$4.53M |
| 2 |
iShares US Home Construction ETF
ITB
|
+$3.81M |
| 3 |
BWX Technologies
BWXT
|
+$3.23M |
| 4 |
Walmart Inc
WMT
|
+$2.8M |
| 5 |
BEAV
B/E Aerospace Inc
BEAV
|
+$2.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 36.38% |
| 2 | Financials | 20.33% |
| 3 | Technology | 16.52% |
| 4 | Industrials | 7.51% |
| 5 | Consumer Discretionary | 5.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $32.1M | 15.04% |
+156,400
| New | +$30.5M |
2016 Q1
0 quarters
|
|
2
CALL
SPDR Gold Trust
GLD
$139B
| $28.5M | 13.34% |
242,400
-57,600
| -19% | -$6.53M |
2015 Q3
2 quarters
|
|
3
BRC Group Holdings
RILY
$186M
| $9.49M | 4.44% |
912,974
-10,527
| -1% | -$101K |
2015 Q3
2 quarters
|
|
|
4
Green Dot
GDOT
$703M
| $8.37M | 3.92% |
+364,342
| New | +$7.07M |
2016 Q1
0 quarters
|
|
|
5
Tesla
TSLA
$1.45T
| $8.27M | 3.87% |
+540,060
| New | +$7.1M |
2016 Q1
0 quarters
|
|
6
Northrop Grumman
NOC
$70.4B
| $6.08M | 2.84% |
30,698
+2,193
| +8% | +$414K |
2015 Q4
1 quarter
|
|
7
PUT
Boeing
BA
$146B
| $5.71M | 2.67% |
+45,000
| New | +$5.58M |
2016 Q1
0 quarters
|
|
|
UNTD
8
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $4.84M | 2.27% |
419,680
+158,876
| +61% | +$1.78M |
2015 Q4
1 quarter
|
|
9
PUT
Brookfield Infrastructure Partners
BIP
$16.7B
| $4.21M | 1.97% |
252,000
-86,940
| -26% | -$1.26M |
2015 Q4
1 quarter
|
|
|
COVS
10
DELISTED
Covisint Corporation
COVS
| $3.55M | 1.66% |
1,774,925
+482,716
| +37% | +$979K |
2015 Q1
4 quarters
|
|
|
11
Apple
AAPL
$5.01T
| $3.38M | 1.58% |
+124,100
| New | +$3.09M |
2016 Q1
0 quarters
|
|
12
NMI Holdings
NMIH
$2.99B
| $3.3M | 1.54% |
652,762
+338,474
| +108% | +$1.76M |
2013 Q4
9 quarters
|
|
13
Alphabet (Google) Class A
GOOGL
$4.25T
| $2.96M | 1.38% |
77,460
+11,440
| +17% | +$421K |
2015 Q4
1 quarter
|
|
14
Lumentum
LITE
$81.2B
| $2.82M | 1.32% |
104,663
-27,670
| -21% | -$639K |
2015 Q4
1 quarter
|
|
15
SLR Investment Corp
SLRC
$616M
| $2.7M | 1.26% |
156,220
+8,485
| +6% | +$142K |
2014 Q2
7 quarters
|
|
16
TriplePoint Venture Growth BDC
TPVG
$180M
| $2.53M | 1.19% |
241,302
+8,672
| +4% | +$89.3K |
2015 Q1
4 quarters
|
|
17
Mueller Water Products
MWA
$3.38B
| $2.35M | 1.1% |
+237,762
| New | +$2.03M |
2016 Q1
0 quarters
|
|
|
ACAS
18
DELISTED
American Capital Ltd
ACAS
| $2.28M | 1.07% |
+149,364
| New | +$2.08M |
2016 Q1
0 quarters
|
|
19
Cisco
CSCO
$448B
| $2.27M | 1.06% |
79,748
+18,958
| +31% | +$488K |
2014 Q2
7 quarters
|
|
20
Inovio Pharmaceuticals
INO
$102M
| $2.18M | 1.02% |
+20,833
| New | +$1.61M |
2016 Q1
0 quarters
|
|
|
LXK
21
DELISTED
Lexmark Intl Inc
LXK
| $2.07M | 0.97% |
61,847
+7,623
| +14% | +$225K |
2015 Q4
1 quarter
|
|
|
LLL
22
DELISTED
L3 Technologies, Inc.
LLL
| $2.05M | 0.96% |
+17,271
| New | +$2.01M |
2016 Q1
0 quarters
|
|
23
Marvell Technology
MRVL
$220B
| $1.99M | 0.93% |
+192,679
| New | +$1.78M |
2016 Q1
0 quarters
|
|
|
BNCL
24
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.91M | 0.89% |
139,410
+65,630
| +89% | +$848K |
2015 Q1
4 quarters
|
|
25
PUT
Icahn Enterprises
IEP
$4.72B
| $1.89M | 0.88% |
+30,000
| New | +$1.73M |
2016 Q1
0 quarters
|
|
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Dialectic Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Dialectic Capital Management held 173 positions worth $214M, down 38% from $347M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Dialectic Capital Management deployed $20.7M of net new capital in Q1 2016, opening 45 new positions and adding to 22 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 156,400 shares worth $32.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 36% of assets, down from 60% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was BWX Technologies, an estimated $3.23M trimmed.
- Dialectic Capital Management's largest Q1 2016 buy was State Street SPDR S&P 500 ETF Trust: 156,400 shares worth $32.1M.
- Dialectic Capital Management added most to UNITED ONLINE INC COM NEW in Q1 2016, an estimated $1.78M increase.
- Dialectic Capital Management's biggest Q1 2016 reduction was BWX Technologies, cutting an estimated $3.23M.
- Dialectic Capital Management fully exited Emerson Electric in Q1 2016, selling an estimated $4.53M.
- Dialectic Capital Management's ten largest holdings make up 52% of its $214M portfolio in Q1 2016.
- Dialectic Capital Management opened 45 new positions and closed 80 in Q1 2016.
- Dialectic Capital Management's portfolio value fell 38% quarter-over-quarter to $214M.
Based on Dialectic Capital Management's 13F filing for Q1 2016, filed 16 May 2016.