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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
-$94.1M
Cap. Flow
% of AUM
-15.31%
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 | Miscellaneous | 74.18% |
| 2 | Financials | 8.09% |
| 3 | Technology | 7.07% |
| 4 | Communication Services | 5.73% |
| 5 | Healthcare | 1.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $103M | 16.74% |
500,000
-250,000
| -33% | -$52.6M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $101M | 16.41% |
490,000
-760,000
| -61% | -$160M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$80.1B
| $77.5M | 12.61% |
+620,800
| New | +$77.6M |
|
4
PUT
Invesco QQQ Trust
QQQ
$490B
| $35.4M | 5.76% |
+330,600
| New | +$35.9M |
|
5
CALL
Microsoft
MSFT
$3.67T
| $20.3M | 3.31% |
+460,600
| New | +$21M |
|
6
CALL
American International
AIG
$39B
| $16.7M | 2.72% |
+270,100
| New | +$16M |
|
7
CALL
Meta Platforms (Facebook)
META
$1.56T
| $14.5M | 2.36% |
+168,900
| New | +$13.8M |
|
8
CALL
Visa
V
$688B
| $11.8M | 1.92% |
+175,800
| New | +$11.9M |
|
9
CALL
US Bancorp
USB
$97.4B
| $11.4M | 1.86% |
+263,200
| New | +$11.5M |
|
10
CALL
Ameriprise Financial
AMP
$49.2B
| $10.4M | 1.69% |
+83,000
| New | +$10.6M |
|
11
CALL
Waters Corp
WAT
$39.6B
| $9.59M | 1.56% |
+74,700
| New | +$9.69M |
|
|
12
CALL
Alphabet (Google) Class C
GOOG
$4.1T
| $9.23M | 1.5% |
+342,000
| New | +$9.16M |
|
|
13
Meta Platforms (Facebook)
META
$1.56T
| $8.58M | 1.4% |
100,000
| – | – |
|
|
14
eBay
EBAY
$46.5B
| $7.13M | 1.16% |
+281,029
| New | +$7.01M |
|
|
MBLY
15
DELISTED
Mobileye N.V.
MBLY
| $7.01M | 1.14% |
+131,800
| New | +$6.25M |
|
|
16
Cognizant
CTSH
$27B
| $6.81M | 1.11% |
+111,430
| New | +$6.99M |
|
17
Mastercard
MA
$500B
| $6.28M | 1.02% |
67,144
-57,856
| -46% | -$5.31M |
|
|
AMTD
18
CALL
DELISTED
TD Ameritrade Holding Corp
AMTD
| $6.09M | 0.99% |
+165,300
| New | +$6.14M |
|
|
ATVI
19
DELISTED
Activision Blizzard
ATVI
| $6.05M | 0.98% |
+250,000
| New | +$6.09M |
|
20
Intuit
INTU
$87.2B
| $5.89M | 0.96% |
58,475
-79,025
| -57% | -$8.06M |
|
21
Illumina
ILMN
$31.9B
| $5.68M | 0.92% |
+26,728
| New | +$5.22M |
|
|
22
Alphabet (Google) Class C
GOOG
$4.1T
| $5.48M | 0.89% |
+202,880
| New | +$5.44M |
|
23
Goldman Sachs
GS
$302B
| $5.29M | 0.86% |
+25,359
| New | +$5.17M |
|
|
ETFC
24
CALL
DELISTED
E*Trade Financial Corporation
ETFC
| $5.26M | 0.86% |
+175,500
| New | +$5.16M |
|
|
FITB
25
Fifth Third Bancorp
FITB
$49.4B
| $4.92M | 0.8% |
+236,552
| New | +$4.79M |
|
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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 $94.1M 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 Miscellaneous at 74% of assets, down from 76% a quarter earlier, followed by Financials and Technology.
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.