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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
+6.7%
1 Year Est. Return
+14.19%
3 Year Est. Return
+97.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$615M
AUM Growth
-$369M
(-38%)
Cap. Flow
-$378M
Cap. Flow
% of AUM
-61.48%
Top 10 Holdings %
Top 10 Hldgs %
65.37%
Holding
122
New
52
Increased
1
Reduced
15
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$7.01M |
| 2 |
Cognizant
CTSH
|
+$6.99M |
| 3 |
MBLY
Mobileye N.V.
MBLY
|
+$6.25M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$6.09M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$5.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$14.3M |
| 2 |
SUNE
SUNEDISON, INC COM
SUNE
|
+$12.6M |
| 3 |
Amazon
AMZN
|
+$11.2M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$10.6M |
| 5 |
First Solar
FSLR
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 7.95% |
| 2 | Technology | 6.3% |
| 3 | Communication Services | 5.53% |
| 4 | Healthcare | 1.93% |
| 5 | Industrials | 1.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Amazon
AMZN
$2.5T
| – | – |
-600,000
| Closed | -$11.2M |
|
77
CALL
Bank of America
BAC
$435B
| – | – |
-500,000
| Closed | -$7.7M |
|
78
CALL
Bread Financial
BFH
$4.21B
| – | – |
-25,060
| Closed | -$5.92M |
|
79
BGC Group
BGC
$5.58B
| – | – |
-311,000
| Closed | -$1.89M |
|
80
PUT
Blackrock
BLK
$164B
| – | – |
-25,000
| Closed | -$9.15M |
|
81
Citigroup
C
$222B
| – | – |
-162,500
| Closed | -$8.37M |
|
82
Citizens Financial Group
CFG
$30.4B
| – | – |
-150,000
| Closed | -$3.62M |
|
83
Cisco
CSCO
$450B
| – | – |
-110,000
| Closed | -$3.03M |
|
|
DFS
84
DELISTED
Discover Financial Services
DFS
| – | – |
-187,500
| Closed | -$10.6M |
|
85
CALL
Danaher
DHR
$135B
| – | – |
-260,371
| Closed | -$14.9M |
|
|
EVRI
86
DELISTED
Everi Holdings
EVRI
| – | – |
-150,000
| Closed | -$1.14M |
|
87
Expedia Group
EXPE
$31.2B
| – | – |
-87,500
| Closed | -$8.24M |
|
88
Five Below
FIVE
$11.2B
| – | – |
-50,000
| Closed | -$1.78M |
|
|
89
First Solar
FSLR
$21.8B
| – | – |
-175,000
| Closed | -$10.5M |
|
90
CALL
Goldman Sachs
GS
$313B
| – | – |
-50,000
| Closed | -$9.4M |
|
91
Globalstar
GSAT
$10.2B
| – | – |
-23,333
| Closed | -$1.17M |
|
92
Goldman Sachs BDC
GSBD
$975M
| – | – |
-100,000
| Closed | -$2.07M |
|
93
CALL
Illumina
ILMN
$29.4B
| – | – |
-51,400
| Closed | -$9.28M |
|
94
PUT
3M
MMM
$89B
| – | – |
-478,400
| Closed | -$66M |
|
95
Nokia
NOK
$50.8B
| – | – |
-650,000
| Closed | -$4.93M |
|
96
Palo Alto Networks
PANW
$264B
| – | – |
-120,000
| Closed | -$2.92M |
|
97
Revvity
RVTY
$12.3B
| – | – |
-100,000
| Closed | -$5.11M |
|
98
TripAdvisor
TRIP
$1.59B
| – | – |
-25,000
| Closed | -$2.08M |
|
|
WBA
99
CALL
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-100,000
| Closed | -$8.47M |
|
100
WisdomTree
WT
$2.97B
| – | – |
-325,000
| Closed | -$6.97M |
|
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Espalier Global Management's Q2 2015 Portfolio in Review
As of Q2 2015, Espalier Global Management held 122 positions worth $615M, down 38% from $984M the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Espalier Global Management withdrew a net $378M in Q2 2015, closing 53 positions and reducing 15 holdings. Its most notable exit was Twitter, Inc., an estimated $14.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 8.1% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Espalier Global Management opened a new position in eBay worth $7.13M.
- Espalier Global Management's largest Q2 2015 buy was eBay: 281,029 shares worth $7.13M.
- Espalier Global Management added most to People Inc in Q2 2015, an estimated $803K increase.
- Espalier Global Management's biggest Q2 2015 reduction was Intuit, cutting an estimated $8.06M.
- Espalier Global Management fully exited Twitter, Inc. in Q2 2015, selling an estimated $14.3M.
- Espalier Global Management's ten largest holdings make up 65% of its $615M portfolio in Q2 2015.
- Espalier Global Management opened 52 new positions and closed 53 in Q2 2015.
- Espalier Global Management's portfolio value fell 38% quarter-over-quarter to $615M.
Based on Espalier Global Management's 13F filing for Q2 2015, filed 14 Aug 2015.