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IM
Islet Management Portfolio holdings
AUM
$49.1M
1-Year Est. Return
17.59%
This Fund
S&P 500
This Quarter
Est. Return
-13.61%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$685M
AUM Growth
-$389M
(-36%)
Cap. Flow
-$224M
Cap. Flow
% of AUM
-32.74%
Top 10 Holdings %
Top 10 Hldgs %
34.9%
Holding
159
New
62
Increased
14
Reduced
19
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$26.9M |
| 2 |
Grocery Outlet
GO
|
+$17.9M |
| 3 |
TIF
Tiffany & Co.
TIF
|
+$15.1M |
| 4 |
Xerox
XRX
|
+$14.3M |
| 5 |
Microsoft
MSFT
|
+$14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$9.8M |
| 2 |
Canadian Solar
CSIQ
|
+$9.39M |
| 3 |
Baidu
BIDU
|
+$8.85M |
| 4 |
ECHO
EchoStar
ECHO
|
+$8.66M |
| 5 |
Alibaba
BABA
|
+$8.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.65% |
| 2 | Consumer Discretionary | 11.8% |
| 3 | Consumer Staples | 7.23% |
| 4 | Communication Services | 6.56% |
| 5 | Financials | 6.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
X
26
DELISTED
US Steel
X
| $7.37M | 1.08% |
+300,000
| New | +$2.51M |
|
27
JD.com
JD
$41B
| $7.09M | 1.03% |
175,000
-15,000
| -8% | -$599K |
|
28
Tesla
TSLA
$1.4T
| $7.07M | 1.03% |
202,500
-97,500
| -33% | -$4.04M |
|
29
Alphabet (Google) Class A
GOOGL
$4.35T
| $6.97M | 1.02% |
+120,000
| New | +$8.13M |
|
30
Baker Hughes
BKR
$55.3B
| $6.86M | 1% |
653,328
-265,000
| -29% | -$4.98M |
|
31
Blackstone
BX
$151B
| $6.84M | 1% |
150,000
+50,000
| +50% | +$2.77M |
|
32
JPMorgan Chase
JPM
$905B
| $6.82M | 1% |
+75,800
| New | +$9.21M |
|
33
FirstService
FSV
$6.7B
| $6.55M | 0.96% |
+85,000
| New | +$8.15M |
|
34
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.4B
| $6.25M | 0.91% |
+300,000
| New | +$8.26M |
|
|
FSCT
35
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $6.21M | 0.91% |
196,500
+46,500
| +31% | +$1.45M |
|
|
EVOP
36
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $6.12M | 0.89% |
400,000
| – | – |
|
37
CALL
Axalta
AXTA
$6.95B
| $6.04M | 0.88% |
+350,000
| New | +$8.95M |
|
38
Dollar General
DG
$27.7B
| $6.04M | 0.88% |
+40,000
| New | +$6.18M |
|
|
TWOU
39
DELISTED
2U Inc
TWOU
| $5.84M | 0.85% |
9,167
+3,602
| +65% | +$2.43M |
|
40
ServiceNow
NOW
$104B
| $5.73M | 0.84% |
100,000
-50,000
| -33% | -$3.13M |
|
|
WMGI
41
DELISTED
Wright Medical Group Inc
WMGI
| $5.73M | 0.84% |
+200,000
| New | +$5.94M |
|
42
Colgate-Palmolive
CL
$73.4B
| $5.64M | 0.82% |
+85,000
| New | +$5.99M |
|
43
Home Depot
HD
$333B
| $5.6M | 0.82% |
30,000
| – | – |
|
|
AVLR
44
DELISTED
Avalara, Inc.
AVLR
| $5.59M | 0.82% |
+75,000
| New | +$6.11M |
|
45
Live Nation Entertainment
LYV
$42B
| $5.56M | 0.81% |
+122,300
| New | +$7.56M |
|
46
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$23.6B
| $5.54M | 0.81% |
+200,000
| New | +$6.4M |
|
47
Datadog
DDOG
$94B
| $5.4M | 0.79% |
150,000
+100,000
| +200% | +$4.12M |
|
|
FBM
48
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $5.35M | 0.78% |
520,000
+115,000
| +28% | +$1.87M |
|
49
Cannae Holdings
CNNE
$637M
| $5.19M | 0.76% |
155,000
-144,300
| -48% | -$5.35M |
|
50
Inseego
INSG
$121M
| $4.98M | 0.73% |
80,000
+42,500
| +113% | +$3.07M |
|
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Islet Management's Q1 2020 Portfolio in Review
As of Q1 2020, Islet Management held 159 positions worth $685M, down 36% from $1.07B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Islet Management withdrew a net $224M in Q1 2020, closing 57 positions and reducing 19 holdings. Its most notable exit was TransDigm Group, an estimated $9.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 8.8% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Islet Management opened a new position in Allergan plc worth $25.3M.
- Islet Management's largest Q1 2020 buy was Allergan plc: 142,700 shares worth $25.3M.
- Islet Management added most to Grocery Outlet in Q1 2020, an estimated $17.9M increase.
- Islet Management's biggest Q1 2020 reduction was CrowdStrike, cutting an estimated $6.49M.
- Islet Management fully exited TransDigm Group in Q1 2020, selling an estimated $9.8M.
- Islet Management's ten largest holdings make up 35% of its $685M portfolio in Q1 2020.
- Islet Management opened 62 new positions and closed 57 in Q1 2020.
- Islet Management's portfolio value fell 36% quarter-over-quarter to $685M.
Based on Islet Management's 13F filing for Q1 2020, filed 15 May 2020.