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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
+6.76%
1 Year Est. Return
+14.19%
3 Year Est. Return
+97.16%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.79B
AUM Growth
+$750M
(+72%)
Cap. Flow
-$99.1M
Cap. Flow
% of AUM
-5.53%
Top 10 Holdings %
Top 10 Hldgs %
59.64%
Holding
157
New
61
Increased
10
Reduced
22
Closed
58
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Check Point Software Technologies
CHKP
|
+$19.2M |
| 2 |
Voya Financial
VOYA
|
+$16.9M |
| 3 |
Wells Fargo
WFC
|
+$15.1M |
| 4 |
Expedia Group
EXPE
|
+$14.5M |
| 5 |
JPMorgan Chase
JPM
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$21.9M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
+$21M |
| 3 |
GE Aerospace
GE
|
+$20.6M |
| 4 |
CIT
CIT Group Inc.
CIT
|
+$16.2M |
| 5 |
ING
ING
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 73.18% |
| 2 | Financials | 10.05% |
| 3 | Technology | 8.7% |
| 4 | Communication Services | 2.54% |
| 5 | Industrials | 2.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $701M | 39.13% |
3,750,000
+3,250,000
| +650% | +$596M |
|
|
QCOR
2
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $83.4M | 4.66% |
1,284,800
+934,800
| +267% | +$59.7M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.1B
| $58.2M | 3.25% |
+500,000
| New | +$57.7M |
|
|
4
CALL
JPMorgan Chase
JPM
$940B
| $45.5M | 2.54% |
+750,000
| New | +$43.3M |
|
5
PUT
Invesco QQQ Trust
QQQ
$490B
| $43.8M | 2.45% |
+500,000
| New | +$44.2M |
|
6
PUT
IBM
IBM
$219B
| $38.5M | 2.15% |
209,200
+104,600
| +100% | +$18.4M |
|
|
7
CALL
GE Aerospace
GE
$347B
| $25.9M | 1.44% |
+208,662
| New | +$25.8M |
|
|
DFS
8
DELISTED
Discover Financial Services
DFS
| $24.7M | 1.38% |
425,000
-115,000
| -21% | -$6.44M |
|
9
CALL
Citigroup
C
$229B
| $23.8M | 1.33% |
500,000
+250,000
| +100% | +$12.5M |
|
10
PUT
Micron Technology
MU
$1.13T
| $23.7M | 1.32% |
+1,000,000
| New | +$23.8M |
|
11
Alphabet (Google) Class C
GOOG
$4.1T
| $22.3M | 1.24% |
802,999
-140,926
| -15% | -$4.1M |
|
|
YHOO
12
PUT
DELISTED
Yahoo Inc
YHOO
| $21.5M | 1.2% |
+600,000
| New | +$22.9M |
|
|
13
Check Point Software Technologies
CHKP
$13.6B
| $19.6M | 1.09% |
+290,000
| New | +$19.2M |
|
|
YHOO
14
CALL
DELISTED
Yahoo Inc
YHOO
| $17.9M | 1% |
500,000
-250,000
| -33% | -$9.54M |
|
15
CALL
iShares China Large-Cap ETF
FXI
$4.17B
| $17.9M | 1% |
+500,000
| New | +$17.5M |
|
|
16
Voya Financial
VOYA
$9.32B
| $17.2M | 0.96% |
+475,000
| New | +$16.9M |
|
|
17
Citigroup
C
$229B
| $16.7M | 0.93% |
350,000
-50,000
| -13% | -$2.49M |
|
18
CALL
eBay
EBAY
$46.5B
| $16.6M | 0.92% |
+712,800
| New | +$16.6M |
|
|
19
Wells Fargo
WFC
$266B
| $16.2M | 0.9% |
+325,000
| New | +$15.1M |
|
|
AMTD
20
DELISTED
TD Ameritrade Holding Corp
AMTD
| $15.3M | 0.85% |
450,000
-50,000
| -10% | -$1.64M |
|
|
21
JPMorgan Chase
JPM
$940B
| $15.2M | 0.85% |
+250,000
| New | +$14.4M |
|
22
American International
AIG
$39B
| $15M | 0.84% |
300,000
-60,000
| -17% | -$2.98M |
|
|
23
Expedia Group
EXPE
$33B
| $14.5M | 0.81% |
+200,000
| New | +$14.5M |
|
|
GRMN
24
Garmin
GRMN
$53.2B
| $13.8M | 0.77% |
+250,000
| New | +$12.4M |
|
|
CAB
25
CALL
DELISTED
Cabela's Inc
CAB
| $13.1M | 0.73% |
+200,000
| New | +$13.5M |
|
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Espalier Global Management's Q1 2014 Portfolio in Review
As of Q1 2014, Espalier Global Management held 157 positions worth $1.79B, up 72% from $1.04B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Espalier Global Management withdrew a net $99.1M in Q1 2014, closing 58 positions and reducing 22 holdings. Its most notable exit was Meta Platforms (Facebook), an estimated $21.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 73% of assets, up from 46% a quarter earlier, followed by Financials and Technology.
Against the trend, Espalier Global Management opened a new position in Check Point Software Technologies worth $19.6M.
- Espalier Global Management's largest Q1 2014 buy was Check Point Software Technologies: 290,000 shares worth $19.6M.
- Espalier Global Management added most to DigitalGlobe Inc. in Q1 2014, an estimated $6.51M increase.
- Espalier Global Management's biggest Q1 2014 reduction was SUNEDISON, INC COM, cutting an estimated $14.4M.
- Espalier Global Management fully exited Meta Platforms (Facebook) in Q1 2014, selling an estimated $21.9M.
- Espalier Global Management's ten largest holdings make up 60% of its $1.79B portfolio in Q1 2014.
- Espalier Global Management opened 61 new positions and closed 58 in Q1 2014.
- Espalier Global Management's portfolio value rose 72% quarter-over-quarter to $1.79B.
Based on Espalier Global Management's 13F filing for Q1 2014, filed 15 May 2014.