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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
+5.03%
1 Year Est. Return
+14.19%
3 Year Est. Return
+97.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
-$499M
(-28%)
Cap. Flow
-$590M
Cap. Flow
% of AUM
-45.68%
Top 10 Holdings %
Top 10 Hldgs %
46.33%
Holding
159
New
60
Increased
12
Reduced
17
Closed
64
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$36.3M |
| 2 |
Microsoft
MSFT
|
+$22.3M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$18M |
| 4 |
Cisco
CSCO
|
+$14.9M |
| 5 |
NetApp
NTAP
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$22.3M |
| 2 |
Check Point Software Technologies
CHKP
|
+$19.6M |
| 3 |
Citigroup
C
|
+$16.7M |
| 4 |
Wells Fargo
WFC
|
+$16.2M |
| 5 |
Goldman Sachs
GS
|
+$12.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.01% |
| 2 | Financials | 11.46% |
| 3 | Communication Services | 3.58% |
| 4 | Industrials | 3.01% |
| 5 | Consumer Discretionary | 3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Cadence Design Systems
CDNS
$90B
| – | – |
-120,000
| Closed | -$1.86M |
|
|
102
Check Point Software Technologies
CHKP
$13.3B
| – | – |
-290,000
| Closed | -$19.6M |
|
|
VISN
103
Vistance Networks Inc
VISN
$2.66B
| – | – |
-125,000
| Closed | -$3.08M |
|
104
Danaher
DHR
$135B
| – | – |
-185,979
| Closed | -$9.38M |
|
105
CALL
eBay
EBAY
$48.6B
| – | – |
-712,800
| Closed | -$16.6M |
|
106
CALL
First Solar
FSLR
$21.8B
| – | – |
-50,000
| Closed | -$3.49M |
|
107
CALL
iShares China Large-Cap ETF
FXI
$4.31B
| – | – |
-500,000
| Closed | -$17.9M |
|
108
CALL
GE Aerospace
GE
$367B
| – | – |
-208,662
| Closed | -$25.9M |
|
109
Gen Digital
GEN
$15.6B
| – | – |
-400,000
| Closed | -$7.99M |
|
|
110
Alphabet (Google) Class C
GOOG
$3.9T
| – | – |
-802,999
| Closed | -$22.3M |
|
111
Groupon
GRPN
$980M
| – | – |
-11,750
| Closed | -$1.84M |
|
|
112
CALL
Goldman Sachs
GS
$313B
| – | – |
-50,000
| Closed | -$8.19M |
|
|
113
Goldman Sachs
GS
$313B
| – | – |
-75,000
| Closed | -$12.3M |
|
114
PUT
Herbalife
HLF
$1.23B
| – | – |
-160,000
| Closed | -$4.58M |
|
115
HP
HPQ
$23.5B
| – | – |
-660,600
| Closed | -$9.71M |
|
116
Intel
INTC
$466B
| – | – |
-350,000
| Closed | -$9.04M |
|
117
PUT
IQVIA
IQV
$34.7B
| – | – |
-200,000
| Closed | -$10.2M |
|
118
CALL
Iron Mountain
IRM
$38.2B
| – | – |
-216,400
| Closed | -$5.51M |
|
|
119
Iron Mountain
IRM
$38.2B
| – | – |
-243,450
| Closed | -$6.2M |
|
120
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| – | – |
-500,000
| Closed | -$58.2M |
|
121
CALL
JPMorgan Chase
JPM
$939B
| – | – |
-750,000
| Closed | -$45.5M |
|
122
LivePerson
LPSN
$18.9M
| – | – |
-7,667
| Closed | -$1.39M |
|
123
CALL
Mastercard
MA
$477B
| – | – |
-100,000
| Closed | -$7.47M |
|
124
Monolithic Power Systems
MPWR
$65.5B
| – | – |
-50,000
| Closed | -$1.94M |
|
125
MSCI
MSCI
$40B
| – | – |
-125,000
| Closed | -$5.38M |
|
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Espalier Global Management's Q2 2014 Portfolio in Review
As of Q2 2014, Espalier Global Management held 159 positions worth $1.29B, down 28% from $1.79B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Espalier Global Management withdrew a net $590M in Q2 2014, closing 64 positions and reducing 17 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $22.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 8.7% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Espalier Global Management opened a new position in Apple worth $39.6M.
- Espalier Global Management's largest Q2 2014 buy was Apple: 1,705,024 shares worth $39.6M.
- Espalier Global Management added most to Cisco in Q2 2014, an estimated $14.9M increase.
- Espalier Global Management's biggest Q2 2014 reduction was Delta Air Lines, cutting an estimated $5.66M.
- Espalier Global Management fully exited Alphabet (Google) Class C in Q2 2014, selling an estimated $22.3M.
- Espalier Global Management's ten largest holdings make up 46% of its $1.29B portfolio in Q2 2014.
- Espalier Global Management opened 60 new positions and closed 64 in Q2 2014.
- Espalier Global Management's portfolio value fell 28% quarter-over-quarter to $1.29B.
Based on Espalier Global Management's 13F filing for Q2 2014, filed 14 Aug 2014.