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Islet Management Portfolio holdings
AUM
$49.1M
1-Year Est. Return
17.59%
This Fund
S&P 500
This Quarter
Est. Return
-7.02%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$605M
(-61%)
Cap. Flow
-$533M
Cap. Flow
% of AUM
-140.58%
Top 10 Holdings %
Top 10 Hldgs %
41.41%
Holding
141
New
25
Increased
6
Reduced
30
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Target Hospitality
TH
|
+$5.01M |
| 2 |
WOW
WideOpenWest
WOW
|
+$3.32M |
| 3 |
Fomento Económico Mexicano
FMX
|
+$3.15M |
| 4 |
BILL Holdings
BILL
|
+$2.87M |
| 5 |
Bath & Body Works
BBWI
|
+$2.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAR Technology
PAR
|
+$10.5M |
| 2 |
Kohl's
KSS
|
+$10.2M |
| 3 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$9.28M |
| 4 |
Leslie's
LESL
|
+$9.24M |
| 5 |
PING
Ping Identity Holding Corp.
PING
|
+$8.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.41% |
| 2 | Industrials | 8.06% |
| 3 | Healthcare | 7.78% |
| 4 | Energy | 4.32% |
| 5 | Communication Services | 2.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
NCR Voyix
VYX
$1.13B
| $5.23M | 1.38% |
448,250
-244,500
| -35% | -$4.49M |
|
27
Baker Hughes
BKR
$55.5B
| $5.17M | 1.36% |
248,128
-175,000
| -41% | -$4.38M |
|
|
28
Target Hospitality
TH
$1.63B
| $5.05M | 1.33% |
+400,000
| New | +$5.01M |
|
|
29
PUT
Kohl's
KSS
$1.96B
| $5.03M | 1.33% |
200,000
-200,000
| -50% | -$5.83M |
|
30
CALL
Freshpet
FRPT
$2.78B
| $5.01M | 1.32% |
+100,000
| New | +$4.72M |
|
31
GrafTech
EAF
$181M
| $4.31M | 1.14% |
100,000
| – | – |
|
|
WOW
32
CALL
DELISTED
WideOpenWest
WOW
| $4.23M | 1.12% |
+345,000
| New | +$6.15M |
|
|
EWCZ
33
DELISTED
European Wax Center
EWCZ
| $4.17M | 1.1% |
226,300
+50,000
| +28% | +$983K |
|
34
PUT
Apple
AAPL
$4.9T
| $4.14M | 1.09% |
30,000
-20,000
| -40% | -$3.14M |
|
35
dLocal
DLO
$4.26B
| $4.12M | 1.09% |
200,602
| – | – |
|
|
TBCH
36
PUT
Turtle Beach Corp
TBCH
$258M
| $4.09M | 1.08% |
+600,000
| New | +$6.29M |
|
|
MNTV
37
PUT
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $4.07M | 1.07% |
700,000
-50,000
| -7% | -$388K |
|
38
BrightView Holdings
BV
$1.35B
| $3.91M | 1.03% |
492,350
| – | – |
|
|
CTIC
39
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
| $3.64M | 0.96% |
625,000
-375,000
| -38% | -$2.34M |
|
40
American Well
AMWL
$221M
| $3.56M | 0.94% |
49,542
| – | – |
|
41
PUT
ProShares UltraPro QQQ
TQQQ
$32.5B
| $3.38M | 0.89% |
+350,000
| New | +$5.1M |
|
42
Hess Midstream
HESM
$5.18B
| $3.31M | 0.87% |
132,100
+82,100
| +164% | +$2.35M |
|
43
CALL
Beazer Homes USA
BZH
$900M
| $3.14M | 0.83% |
+325,000
| New | +$4.46M |
|
|
44
Fomento Económico Mexicano
FMX
$44B
| $3.1M | 0.82% |
+50,000
| New | +$3.15M |
|
|
TBCH
45
Turtle Beach Corp
TBCH
$258M
| $2.92M | 0.77% |
427,869
-28,362
| -6% | -$297K |
|
|
NEWR
46
DELISTED
New Relic, Inc.
NEWR
| $2.88M | 0.76% |
50,218
-99,782
| -67% | -$5.99M |
|
|
47
BILL Holdings
BILL
$4.45B
| $2.65M | 0.7% |
+20,000
| New | +$2.87M |
|
|
48
Bath & Body Works
BBWI
$4.21B
| $2.62M | 0.69% |
+80,435
| New | +$2.84M |
|
|
49
Kohl's
KSS
$1.96B
| $2.52M | 0.66% |
100,000
-350,000
| -78% | -$10.2M |
|
50
Shell
SHEL
$242B
| $2.49M | 0.66% |
50,000
-86,100
| -63% | -$4.44M |
|
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Islet Management's Q3 2022 Portfolio in Review
As of Q3 2022, Islet Management held 141 positions worth $379M, down 61% from $984M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Islet Management withdrew a net $533M in Q3 2022, closing 67 positions and reducing 30 holdings. Its most notable exit was PAR Technology, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 10% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Islet Management opened a new position in Target Hospitality worth $5.05M.
- Islet Management's largest Q3 2022 buy was Target Hospitality: 400,000 shares worth $5.05M.
- Islet Management added most to Hess Midstream in Q3 2022, an estimated $2.35M increase.
- Islet Management's biggest Q3 2022 reduction was Kohl's, cutting an estimated $10.2M.
- Islet Management fully exited PAR Technology in Q3 2022, selling an estimated $10.5M.
- Islet Management's ten largest holdings make up 41% of its $379M portfolio in Q3 2022.
- Islet Management opened 25 new positions and closed 67 in Q3 2022.
- Islet Management's portfolio value fell 61% quarter-over-quarter to $379M.
Based on Islet Management's 13F filing for Q3 2022, filed 14 Nov 2022.