Exane Derivatives Portfolio holdings

Exane Derivatives's Q4 2015 Portfolio in Review

As of Q4 2015, Exane Derivatives held 597 positions worth $730M, down 7.7% from $791M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Exane Derivatives withdrew a net $65.7M in Q4 2015, closing 96 positions and reducing 136 holdings. Its most notable exit was American Water Works, an estimated $19.3M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 25% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Exane Derivatives opened a new position in Fidelity National Information Services worth $16.5M.

• Exane Derivatives's largest Q4 2015 buy was Fidelity National Information Services: 271,975 shares worth $16.5M.
• Exane Derivatives added most to Comcast in Q4 2015, an estimated $17.6M increase.
• Exane Derivatives's biggest Q4 2015 reduction was Juniper Networks, cutting an estimated $21.4M.
• Exane Derivatives fully exited American Water Works in Q4 2015, selling an estimated $19.3M.
• Exane Derivatives's ten largest holdings make up 28% of its $730M portfolio in Q4 2015.
• Exane Derivatives opened 66 new positions and closed 96 in Q4 2015.
• Exane Derivatives's portfolio value fell 7.7% quarter-over-quarter to $730M.

Based on Exane Derivatives's 13F filing for Q4 2015, filed 11 Feb 2016.