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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
-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 | |
|---|---|---|---|---|---|---|
76
GrafTech
EAF
$203M
| $3.26M | 0.48% |
40,110
-71
| -0.2% | -$6.84K |
|
77
CoStar Group
CSGP
$12B
| $3.23M | 0.47% |
+55,000
| New | +$3.58M |
|
78
Burlington
BURL
$22.5B
| $3.17M | 0.46% |
+20,000
| New | +$4.21M |
|
79
Wynn Resorts
WYNN
$10.4B
| $3.01M | 0.44% |
+50,000
| New | +$5.6M |
|
80
WillScot Mobile Mini Holdings
WSC
$4.84B
| $2.8M | 0.41% |
276,405
+19,205
| +7% | +$312K |
|
|
FBC
81
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $2.78M | 0.41% |
140,000
-90,000
| -39% | -$2.91M |
|
82
CALL
Macy's
M
$6.55B
| $2.72M | 0.4% |
+553,700
| New | +$7.51M |
|
|
TGNA
83
CALL
DELISTED
TEGNA Inc
TGNA
| $2.71M | 0.4% |
+250,000
| New | +$4M |
|
|
TWOU
84
PUT
DELISTED
2U Inc
TWOU
| $2.65M | 0.39% |
+4,167
| New | +$2.81M |
|
85
nVent Electric
NVT
$24B
| $2.53M | 0.37% |
+150,000
| New | +$3.5M |
|
|
SWI
86
DELISTED
SolarWinds Corporation Common Stock
SWI
| $2.33M | 0.34% |
140,899
-72,401
| -34% | -$1.34M |
|
87
Petrobras
PBR
$117B
| $2.2M | 0.32% |
+400,000
| New | +$4.77M |
|
88
Laureate Education
LAUR
$5.24B
| $2.1M | 0.31% |
200,000
| – | – |
|
|
MRNS
89
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $2.03M | 0.3% |
250,000
+31,250
| +14% | +$271K |
|
90
Knight Transportation
KNX
$11.4B
| $1.97M | 0.29% |
+60,000
| New | +$2.12M |
|
|
JWN
91
DELISTED
Nordstrom
JWN
| $1.92M | 0.28% |
+125,000
| New | +$4.17M |
|
|
MNRL
92
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $1.87M | 0.27% |
226,638
-100,000
| -31% | -$1.51M |
|
93
Johnson Controls International
JCI
$87.6B
| $1.81M | 0.26% |
+67,100
| New | +$2.5M |
|
94
TFI International
TFII
$12B
| $1.66M | 0.24% |
+75,000
| New | +$2.02M |
|
95
Axalta
AXTA
$7.24B
| $1.55M | 0.23% |
+89,600
| New | +$2.29M |
|
|
SDC
96
CALL
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $1.4M | 0.2% |
+300,000
| New | +$2.96M |
|
97
BrightView Holdings
BV
$1.33B
| $1.38M | 0.2% |
+125,000
| New | +$1.79M |
|
98
Forestar Group
FOR
$1.48B
| $1.27M | 0.19% |
122,854
-22,000
| -15% | -$403K |
|
|
BMY.RT
99
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $950K | 0.14% |
+250,000
| New | +$824K |
|
|
WORK
100
DELISTED
Slack Technologies, Inc.
WORK
| $411K | 0.06% |
+15,322
| New | +$370K |
|
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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.