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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 | |
|---|---|---|---|---|---|---|
51
Netflix
NFLX
$295B
| $4.88M | 0.71% |
+130,000
| New | +$4.6M |
|
52
Starbucks
SBUX
$119B
| $4.6M | 0.67% |
70,000
-5,000
| -7% | -$404K |
|
|
TECD
53
DELISTED
Tech Data Corp
TECD
| $4.58M | 0.67% |
+35,000
| New | +$4.85M |
|
|
INFO
54
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $4.5M | 0.66% |
+75,000
| New | +$5.4M |
|
55
Performance Food Group
PFGC
$18B
| $4.49M | 0.66% |
181,600
+31,600
| +21% | +$1.36M |
|
56
Apollo Global Management
APO
$71.5B
| $4.19M | 0.61% |
125,000
| – | – |
|
57
Meta Platforms (Facebook)
META
$1.51T
| $4.17M | 0.61% |
25,000
-5,000
| -17% | -$979K |
|
58
Snap
SNAP
$7.57B
| $4.16M | 0.61% |
350,000
| – | – |
|
59
Yeti Holdings
YETI
$3.86B
| $4.13M | 0.6% |
211,699
-133,301
| -39% | -$3.95M |
|
60
KKR & Co
KKR
$90.7B
| $4.11M | 0.6% |
175,000
-25,000
| -13% | -$718K |
|
61
Advanced Micro Devices
AMD
$789B
| $4.07M | 0.59% |
+89,400
| New | +$4.31M |
|
62
Cadence Design Systems
CDNS
$92.9B
| $3.96M | 0.58% |
60,000
-85,000
| -59% | -$5.9M |
|
|
TGNA
63
DELISTED
TEGNA Inc
TGNA
| $3.8M | 0.55% |
+350,000
| New | +$5.6M |
|
64
NiSource
NI
$22B
| $3.75M | 0.55% |
+150,000
| New | +$4.15M |
|
65
Floor & Decor
FND
$5.97B
| $3.6M | 0.53% |
112,298
-75,320
| -40% | -$3.52M |
|
66
CALL
WillScot Mobile Mini Holdings
WSC
$4.8B
| $3.55M | 0.52% |
350,000
-50,000
| -13% | -$812K |
|
67
McCormick & Company Voting
MKC.V
$13.6B
| $3.53M | 0.52% |
+50,000
| New | +$3.87M |
|
|
PARA
68
CALL
DELISTED
Paramount Global Class B
PARA
| $3.5M | 0.51% |
+250,000
| New | +$7.17M |
|
69
CALL
Occidental Petroleum
OXY
$55.2B
| $3.47M | 0.51% |
+300,000
| New | +$9.85M |
|
70
Dynatrace
DT
$12.7B
| $3.4M | 0.5% |
+142,458
| New | +$4.11M |
|
|
CZR
71
DELISTED
Caesars Entertainment Corporation
CZR
| $3.38M | 0.49% |
+500,000
| New | +$5.88M |
|
72
TJX Companies
TJX
$174B
| $3.35M | 0.49% |
+70,000
| New | +$4.03M |
|
73
Boeing
BA
$167B
| $3.34M | 0.49% |
+22,400
| New | +$6.13M |
|
74
CrowdStrike
CRWD
$184B
| $3.34M | 0.49% |
240,000
-460,000
| -66% | -$6.49M |
|
75
Autodesk
ADSK
$47.7B
| $3.28M | 0.48% |
+21,000
| New | +$3.85M |
|
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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.