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EGM
Espalier Global Management Portfolio holdings
AUM
$308M
1-Year Est. Return
14.19%
This Fund
S&P 500
This Quarter
Est. Return
-4.92%
1 Year Est. Return
+14.19%
3 Year Est. Return
+97.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$90.6M
AUM Growth
-$664M
(-88%)
Cap. Flow
-$659M
Cap. Flow
% of AUM
-727.54%
Top 10 Holdings %
Top 10 Hldgs %
62.9%
Holding
78
New
20
Increased
1
Reduced
10
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAY
Verifone Systems Inc
PAY
|
+$2.98M |
| 2 |
Mastercard
MA
|
+$2.36M |
| 3 |
Expedia Group
EXPE
|
+$2.3M |
| 4 |
CY
Cypress Semiconductor
CY
|
+$2.27M |
| 5 |
FDC
First Data Corporation
FDC
|
+$2.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$5.28M |
| 2 |
Synchrony
SYF
|
+$3.4M |
| 3 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$3.19M |
| 4 |
SCHW
Charles Schwab
SCHW
|
+$2.8M |
| 5 |
Northrop Grumman
NOC
|
+$2.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.44% |
| 2 | Technology | 11.99% |
| 3 | Communication Services | 3.03% |
| 4 | Consumer Discretionary | 2.49% |
| 5 | Industrials | 2.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWTR
26
DELISTED
Twitter, Inc.
TWTR
| $1.22M | 1.35% |
+72,145
| New | +$1.13M |
|
27
Virtu Financial
VIRT
$5.2B
| $849K | 0.94% |
47,179
-127,821
| -73% | -$2.44M |
|
28
GoDaddy
GDDY
$12.3B
| $735K | 0.81% |
+23,572
| New | +$738K |
|
29
Unisys
UIS
$227M
| $728K | 0.8% |
+100,000
| New | +$766K |
|
30
Intel
INTC
$466B
| $502K | 0.55% |
+15,300
| New | +$479K |
|
|
LGF
31
DELISTED
Lions Gate Entertainment
LGF
| $477K | 0.53% |
+23,573
| New | +$494K |
|
32
Novanta
NOVT
$5.04B
| $379K | 0.42% |
+25,000
| New | +$384K |
|
33
CALL
Agilent Technologies
A
$39.1B
| – | – |
-100,000
| Closed | -$3.98M |
|
34
CALL
Adobe
ADBE
$89.5B
| – | – |
-50,000
| Closed | -$4.69M |
|
35
American International
AIG
$41.9B
| – | – |
-25,000
| Closed | -$1.35M |
|
|
36
PUT
American International
AIG
$41.9B
| – | – |
-250,000
| Closed | -$13.5M |
|
37
PUT
Amazon
AMZN
$2.5T
| – | – |
-1,000,000
| Closed | -$29.7M |
|
38
CALL
Bank of America
BAC
$435B
| – | – |
-250,000
| Closed | -$3.38M |
|
39
CALL
Citigroup
C
$222B
| – | – |
-250,000
| Closed | -$10.4M |
|
|
40
Citigroup
C
$222B
| – | – |
-50,000
| Closed | -$2.09M |
|
41
Salesforce
CRM
$134B
| – | – |
-30,000
| Closed | -$2.21M |
|
42
CALL
Commault Systems
CVLT
$5.89B
| – | – |
-75,000
| Closed | -$3.24M |
|
|
CYBR
43
DELISTED
CyberArk
CYBR
| – | – |
-37,500
| Closed | -$1.6M |
|
44
Globalstar
GSAT
$10.2B
| – | – |
-55,000
| Closed | -$1.21M |
|
45
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| – | – |
-125,000
| Closed | -$13.8M |
|
46
Lockheed Martin
LMT
$134B
| – | – |
-10,000
| Closed | -$2.21M |
|
47
MetLife
MET
$61B
| – | – |
-28,050
| Closed | -$1.1M |
|
48
CALL
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-50,000
| Closed | -$5.71M |
|
|
49
PUT
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-100,000
| Closed | -$11.4M |
|
50
PUT
3M
MMM
$89B
| – | – |
-29,900
| Closed | -$4.17M |
|
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Espalier Global Management's Q2 2016 Portfolio in Review
As of Q2 2016, Espalier Global Management held 78 positions worth $90.6M, down 88% from $755M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Espalier Global Management withdrew a net $659M in Q2 2016, closing 45 positions and reducing 10 holdings. Its most notable exit was Netflix, an estimated $5.28M position sold in full.
By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 3.6% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Espalier Global Management opened a new position in Verifone Systems Inc worth $2.19M.
- Espalier Global Management's largest Q2 2016 buy was Verifone Systems Inc: 117,865 shares worth $2.19M.
- Espalier Global Management added most to ORBCOMM, Inc. in Q2 2016, an estimated $152K increase.
- Espalier Global Management's biggest Q2 2016 reduction was Synchrony, cutting an estimated $3.4M.
- Espalier Global Management fully exited Netflix in Q2 2016, selling an estimated $5.28M.
- Espalier Global Management's ten largest holdings make up 63% of its $90.6M portfolio in Q2 2016.
- Espalier Global Management opened 20 new positions and closed 45 in Q2 2016.
- Espalier Global Management's portfolio value fell 88% quarter-over-quarter to $90.6M.
Based on Espalier Global Management's 13F filing for Q2 2016, filed 12 Aug 2016.