Granite Point Capital Management Portfolio holdings

Granite Point Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Granite Point Capital Management held 121 positions worth $256M, up 9.9% from $233M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Granite Point Capital Management withdrew a net $40.6M in Q3 2016, closing 31 positions and reducing 31 holdings. Its most notable exit was Adeptus Health Inc, an estimated $5.2M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 15% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Granite Point Capital Management opened a new position in Apple worth $4.91M.

• Granite Point Capital Management's largest Q3 2016 buy was Apple: 173,600 shares worth $4.91M.
• Granite Point Capital Management added most to Himax Technologies in Q3 2016, an estimated $2.41M increase.
• Granite Point Capital Management's biggest Q3 2016 reduction was Shake Shack, cutting an estimated $5.56M.
• Granite Point Capital Management fully exited Adeptus Health Inc in Q3 2016, selling an estimated $5.2M.
• Granite Point Capital Management's ten largest holdings make up 61% of its $256M portfolio in Q3 2016.
• Granite Point Capital Management opened 39 new positions and closed 31 in Q3 2016.
• Granite Point Capital Management's portfolio value rose 9.9% quarter-over-quarter to $256M.

Based on Granite Point Capital Management's 13F filing for Q3 2016, filed 9 Nov 2016.