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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
+8.79%
1 Year Est. Return
+14.19%
3 Year Est. Return
+97.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$601M
AUM Growth
-$1.28B
(-68%)
Cap. Flow
-$1.32B
Cap. Flow
% of AUM
-220.13%
Top 10 Holdings %
Top 10 Hldgs %
47.18%
Holding
147
New
44
Increased
4
Reduced
29
Closed
70
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$6.47M |
| 2 |
WisdomTree
WT
|
+$6.22M |
| 3 |
Prudential Financial
PRU
|
+$5.24M |
| 4 |
Apollo Global Management
APO
|
+$5.19M |
| 5 |
LGF
Lions Gate Entertainment
LGF
|
+$4.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$14.7M |
| 2 |
Bank of America
BAC
|
+$11.9M |
| 3 |
Delta Air Lines
DAL
|
+$11.7M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$11.1M |
| 5 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.09% |
| 2 | Consumer Discretionary | 7.35% |
| 3 | Technology | 6.76% |
| 4 | Energy | 2.19% |
| 5 | Communication Services | 1.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TVTY
76
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $403K | 0.07% |
+20,250
| New | +$331K |
|
77
Gevo
GEVO
$380M
| $38K | 0.01% |
+42
| New | +$86.7K |
|
78
Arbutus Biopharma
ABUS
$873M
| – | – |
-50,000
| Closed | -$1.06M |
|
79
CALL
Avnet
AVT
$7.06B
| – | – |
-200,000
| Closed | -$8.3M |
|
|
80
CALL
Bank of America
BAC
$435B
| – | – |
-500,000
| Closed | -$8.53M |
|
|
81
Bank of America
BAC
$435B
| – | – |
-700,000
| Closed | -$11.9M |
|
82
PUT
Invesco Senior Loan ETF
BKLN
$6.97B
| – | – |
-250,000
| Closed | -$6.07M |
|
83
PUT
Caterpillar
CAT
$392B
| – | – |
-250,000
| Closed | -$24.8M |
|
84
CME Group
CME
$92.5B
| – | – |
-75,000
| Closed | -$6M |
|
85
Chipotle Mexican Grill
CMG
$42.5B
| – | – |
-750,000
| Closed | -$10M |
|
86
Cisco
CSCO
$447B
| – | – |
-325,000
| Closed | -$8.18M |
|
|
87
Delta Air Lines
DAL
$56.9B
| – | – |
-325,000
| Closed | -$11.7M |
|
|
DFS
88
CALL
DELISTED
Discover Financial Services
DFS
| – | – |
-200,000
| Closed | -$12.9M |
|
89
CALL
Domino's
DPZ
$11.5B
| – | – |
-72,300
| Closed | -$5.56M |
|
90
CALL
First Solar
FSLR
$21.5B
| – | – |
-100,000
| Closed | -$6.58M |
|
|
91
First Solar
FSLR
$21.5B
| – | – |
-100,000
| Closed | -$6.58M |
|
92
PUT
GE Aerospace
GE
$372B
| – | – |
-208,662
| Closed | -$25.6M |
|
93
Gogo Inc
GOGO
$533M
| – | – |
-225,000
| Closed | -$3.67M |
|
|
94
CALL
Alphabet (Google) Class C
GOOG
$3.99T
| – | – |
-1,002,746
| Closed | -$29.4M |
|
|
95
Alphabet (Google) Class C
GOOG
$3.99T
| – | – |
-501,373
| Closed | -$14.7M |
|
96
CALL
Goldman Sachs
GS
$307B
| – | – |
-100,000
| Closed | -$18.4M |
|
97
PUT
Home Depot
HD
$336B
| – | – |
-100,000
| Closed | -$9.17M |
|
98
PUT
H&R Block
HRB
$5.39B
| – | – |
-250,000
| Closed | -$7.75M |
|
99
CALL
Interactive Brokers
IBKR
$40.2B
| – | – |
-700,000
| Closed | -$4.37M |
|
100
PUT
IBM
IBM
$204B
| – | – |
-104,600
| Closed | -$19M |
|
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Espalier Global Management's Q4 2014 Portfolio in Review
As of Q4 2014, Espalier Global Management held 147 positions worth $601M, down 68% from $1.88B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Espalier Global Management withdrew a net $1.32B in Q4 2014, closing 70 positions and reducing 29 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $14.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 8.8% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Espalier Global Management opened a new position in Capital One worth $6.56M.
- Espalier Global Management's largest Q4 2014 buy was Capital One: 79,500 shares worth $6.56M.
- Espalier Global Management added most to Fortinet in Q4 2014, an estimated $3.37M increase.
- Espalier Global Management's biggest Q4 2014 reduction was Discover Financial Services, cutting an estimated $11.1M.
- Espalier Global Management fully exited Alphabet (Google) Class C in Q4 2014, selling an estimated $14.7M.
- Espalier Global Management's ten largest holdings make up 47% of its $601M portfolio in Q4 2014.
- Espalier Global Management opened 44 new positions and closed 70 in Q4 2014.
- Espalier Global Management's portfolio value fell 68% quarter-over-quarter to $601M.
Based on Espalier Global Management's 13F filing for Q4 2014, filed 17 Feb 2015.