Granite Point Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tandem Diabetes Care
TNDM
|
+$621K |
| 2 |
Tesla
TSLA
|
+$471K |
| 3 |
ServiceNow
NOW
|
+$435K |
| 4 |
Qualcomm
QCOM
|
+$373K |
| 5 |
Boston Beer
SAM
|
+$344K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$6.35M |
| 2 |
Trip.com Group
TCOM
|
+$5.5M |
| 3 |
Meta Platforms (Facebook)
META
|
+$5.28M |
| 4 |
SLB Ltd
SLB
|
+$4.81M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$4.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.88% |
| 2 | Consumer Discretionary | 7.85% |
| 3 | Communication Services | 3.61% |
| 4 | Healthcare | 1.98% |
| 5 | Industrials | 0.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Zoom
ZM
$30.6B
| – | – |
-5,000
| Closed | -$339K |
|
|
SWN
102
DELISTED
Southwestern Energy Company
SWN
| – | – |
-90,000
| Closed | -$527K |
|
|
AEON.WS
103
DELISTED
AEON Biopharma Inc
AEON.WS
| – | – |
-66,666
| Closed | -$2K |
|
|
SGEN
104
DELISTED
Seagen Inc. Common Stock
SGEN
| – | – |
-7,000
| Closed | -$900K |
|
|
EUCRW
105
DELISTED
Eucrates Biomedical Acquisition Corp. Warrant
EUCRW
| – | – |
-133,332
| Closed | -$7.08K |
|
Similar funds
Granite Point Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Granite Point Capital Management held 107 positions worth $72.1M, down 54% from $157M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Granite Point Capital Management withdrew a net $60.9M in Q1 2023, closing 55 positions and reducing 20 holdings. Its most notable exit was Trip.com Group, an estimated $5.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 7.9% of assets, up from 6.7% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Granite Point Capital Management opened a new position in Tandem Diabetes Care worth $609K.
- Granite Point Capital Management's largest Q1 2023 buy was Tandem Diabetes Care: 15,000 shares worth $609K.
- Granite Point Capital Management added most to Adicet Bio in Q1 2023, an estimated $163K increase.
- Granite Point Capital Management's biggest Q1 2023 reduction was VanEck Gold Miners ETF, cutting an estimated $6.35M.
- Granite Point Capital Management fully exited Trip.com Group in Q1 2023, selling an estimated $5.5M.
- Granite Point Capital Management's ten largest holdings make up 73% of its $72.1M portfolio in Q1 2023.
- Granite Point Capital Management opened 18 new positions and closed 55 in Q1 2023.
- Granite Point Capital Management's portfolio value fell 54% quarter-over-quarter to $72.1M.
Based on Granite Point Capital Management's 13F filing for Q1 2023, filed 11 May 2023.