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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 | |
|---|---|---|---|---|---|---|
76
DHI Group
DHX
$177M
| – | – |
-250,000
| Closed | -$893K |
|
|
77
CALL
Walt Disney
DIS
$170B
| – | – |
-75,000
| Closed | -$10.5M |
|
|
78
Walt Disney
DIS
$170B
| – | – |
-100,000
| Closed | -$14M |
|
|
DOCU
79
CALL
DocuSign
DOCU
$10.1B
| – | – |
-150,000
| Closed | -$7.46M |
|
80
Diamondback Energy
FANG
$55B
| – | – |
-75,000
| Closed | -$8.17M |
|
81
PUT
IBM
IBM
$200B
| – | – |
-52,300
| Closed | -$6.89M |
|
82
CALL
iShares Russell 2000 ETF
IWM
$82.2B
| – | – |
-400,000
| Closed | -$62.2M |
|
83
CALL
JD.com
JD
$40B
| – | – |
-250,000
| Closed | -$7.57M |
|
84
PUT
Kohl's
KSS
$1.96B
| – | – |
-75,000
| Closed | -$3.57M |
|
85
lululemon athletica
LULU
$13.2B
| – | – |
-15,000
| Closed | -$2.7M |
|
86
CALL
Lumen
LUMN
$6.47B
| – | – |
-500,000
| Closed | -$5.88M |
|
|
87
Live Nation Entertainment
LYV
$41.9B
| – | – |
-180,000
| Closed | -$11.9M |
|
88
CALL
Mattel
MAT
$4.16B
| – | – |
-100,000
| Closed | -$1.12M |
|
89
CALL
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-25,000
| Closed | -$4.83M |
|
|
90
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-60,000
| Closed | -$11.6M |
|
91
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$25.8B
| – | – |
-100,000
| Closed | -$11.9M |
|
92
PUT
Netflix
NFLX
$290B
| – | – |
-200,000
| Closed | -$7.35M |
|
93
PUT
ServiceNow
NOW
$106B
| – | – |
-125,000
| Closed | -$6.86M |
|
94
Novartis
NVS
$293B
| – | – |
-50,000
| Closed | -$4.57M |
|
95
NXP Semiconductors
NXPI
$67.3B
| – | – |
-50,000
| Closed | -$4.88M |
|
|
96
Petrobras
PBR
$116B
| – | – |
-876,433
| Closed | -$13.6M |
|
97
The RMR Group
RMR
$353M
| – | – |
-49,054
| Closed | -$2.31M |
|
98
PUT
RTX Corp
RTX
$261B
| – | – |
-79,450
| Closed | -$6.51M |
|
|
SFIX
99
CALL
Stitch Fix
SFIX
$506M
| – | – |
-50,000
| Closed | -$1.6M |
|
100
CALL
VanEck Semiconductor ETF
SMH
$67.5B
| – | – |
-200,000
| Closed | -$11M |
|
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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.