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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
+0.24%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$800M
AUM Growth
-$73.9M
(-8.5%)
Cap. Flow
-$62.9M
Cap. Flow
% of AUM
-7.86%
Top 10 Holdings %
Top 10 Hldgs %
55.91%
Holding
120
New
36
Increased
16
Reduced
10
Closed
56
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norfolk Southern
NSC
|
+$18.4M |
| 2 |
Baker Hughes
BKR
|
+$18.3M |
| 3 |
Adobe
ADBE
|
+$17.5M |
| 4 |
Microsoft
MSFT
|
+$17.2M |
| 5 |
Middleby
MIDD
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$14M |
| 2 |
Uber
UBER
|
+$13.9M |
| 3 |
Petrobras
PBR
|
+$13.6M |
| 4 |
Live Nation Entertainment
LYV
|
+$11.9M |
| 5 |
Alibaba
BABA
|
+$11.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 15.08% |
| 2 | Technology | 13.2% |
| 3 | Communication Services | 6.95% |
| 4 | Financials | 5% |
| 5 | Energy | 3.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Forestar Group
FOR
$1.53B
| $2.74M | 0.34% |
+150,000
| New | +$2.94M |
|
52
PUT
Carlyle Group
CG
$16.6B
| $2.56M | 0.32% |
+100,000
| New | +$2.39M |
|
53
Santander
BSBR
$39.2B
| $2.48M | 0.31% |
+237,823
| New | +$2.54M |
|
54
Electronic Arts
EA
$52.4B
| $2.45M | 0.31% |
+25,000
| New | +$2.35M |
|
|
SYNH
55
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $2.31M | 0.29% |
43,500
-31,500
| -42% | -$1.62M |
|
56
CALL
Teva Pharmaceuticals
TEVA
$37.3B
| $2.06M | 0.26% |
+300,000
| New | +$2.3M |
|
57
Concrete Pumping Holdings
BBCP
$531M
| $2.02M | 0.25% |
509,549
-571,451
| -53% | -$2.41M |
|
58
Pinterest
PINS
$13B
| $1.98M | 0.25% |
+75,000
| New | +$2.25M |
|
59
Guardant Health
GH
$20.7B
| $1.92M | 0.24% |
+30,000
| New | +$2.64M |
|
|
WAAS
60
DELISTED
AquaVenture Holdings Limited
WAAS
| $1.54M | 0.19% |
+79,300
| New | +$1.44M |
|
61
Gates Industrial
GTES
$6.76B
| $1.51M | 0.19% |
+150,000
| New | +$1.47M |
|
62
International Money Express
IMXI
$404M
| $1.18M | 0.15% |
103,506
-124,006
| -55% | -$1.73M |
|
|
TELL
63
DELISTED
Tellurian Inc.
TELL
| $1.04M | 0.13% |
+125,000
| New | +$896K |
|
|
BNY
64
Bank of New York Mellon
BNY
$108B
| $354K | 0.04% |
+25,000
| New | +$1.11M |
|
|
65
CALL
Adobe
ADBE
$94.3B
| – | – |
-50,000
| Closed | -$14.7M |
|
66
Alnylam Pharmaceuticals
ALNY
$35.7B
| – | – |
-36,009
| Closed | -$2.61M |
|
67
Antero Midstream
AM
$10.7B
| – | – |
-104,961
| Closed | -$1.2M |
|
|
AMWD
68
DELISTED
American Woodmark
AMWD
| – | – |
-137,173
| Closed | -$11.6M |
|
69
Amazon
AMZN
$2.66T
| – | – |
-80,000
| Closed | -$7.58M |
|
|
70
Alibaba
BABA
$276B
| – | – |
-70,000
| Closed | -$11.9M |
|
71
Bausch Health
BHC
$1.8B
| – | – |
-300,000
| Closed | -$7.57M |
|
72
BJs Wholesale Club
BJ
$11.9B
| – | – |
-250,000
| Closed | -$6.6M |
|
73
Carnival Corporation Ltd
CCL
$36.2B
| – | – |
-100,000
| Closed | -$4.66M |
|
74
Cigna
CI
$74.5B
| – | – |
-25,000
| Closed | -$3.94M |
|
75
Salesforce
CRM
$140B
| – | – |
-17,308
| Closed | -$2.63M |
|
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Islet Management's Q3 2019 Portfolio in Review
As of Q3 2019, Islet Management held 120 positions worth $800M, down 8.5% from $874M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Islet Management withdrew a net $62.9M in Q3 2019, closing 56 positions and reducing 10 holdings. Its most notable exit was Walt Disney, an estimated $14M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, up from 12% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Islet Management opened a new position in Norfolk Southern worth $18M.
- Islet Management's largest Q3 2019 buy was Norfolk Southern: 100,000 shares worth $18M.
- Islet Management added most to Baker Hughes in Q3 2019, an estimated $18.3M increase.
- Islet Management's biggest Q3 2019 reduction was ServiceNow, cutting an estimated $10.3M.
- Islet Management fully exited Walt Disney in Q3 2019, selling an estimated $14M.
- Islet Management's ten largest holdings make up 56% of its $800M portfolio in Q3 2019.
- Islet Management opened 36 new positions and closed 56 in Q3 2019.
- Islet Management's portfolio value fell 8.5% quarter-over-quarter to $800M.
Based on Islet Management's 13F filing for Q3 2019, filed 14 Nov 2019.