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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 | |
|---|---|---|---|---|---|---|
101
International Money Express
IMXI
$386M
| $281K | 0.04% |
91,006
| – | – |
|
|
INN
102
Summit Hotel Properties
INN
$748M
| $211K | 0.03% |
+50,000
| New | +$471K |
|
103
AGNC Investment
AGNC
$12.4B
| – | – |
-250,000
| Closed | -$4.42M |
|
104
Angi Inc
ANGI
$245M
| – | – |
-37,500
| Closed | -$3.18M |
|
105
Ares Management
ARES
$28.7B
| – | – |
-200,000
| Closed | -$7.14M |
|
|
106
Alibaba
BABA
$275B
| – | – |
-40,000
| Closed | -$8.48M |
|
107
CALL
Baxter International
BAX
$12B
| – | – |
-300,000
| Closed | -$25.1M |
|
|
108
Baxter International
BAX
$12B
| – | – |
-60,000
| Closed | -$5.02M |
|
109
CALL
Bath & Body Works
BBWI
$4.13B
| – | – |
-371,100
| Closed | -$5.44M |
|
|
110
Bath & Body Works
BBWI
$4.13B
| – | – |
-61,850
| Closed | -$906K |
|
|
111
Baidu
BIDU
$35.9B
| – | – |
-70,000
| Closed | -$8.85M |
|
112
Clarivate
CLVT
$1.36B
| – | – |
-150,000
| Closed | -$2.52M |
|
113
Centene
CNC
$31.4B
| – | – |
-100,000
| Closed | -$6.29M |
|
114
Americold
COLD
$4.17B
| – | – |
-175,000
| Closed | -$6.14M |
|
|
115
Canadian Solar
CSIQ
$935M
| – | – |
-425,000
| Closed | -$9.39M |
|
|
EARN
116
Ellington Residential Mortgage REIT
EARN
$167M
| – | – |
-150,000
| Closed | -$1.63M |
|
117
Edison International
EIX
$30.3B
| – | – |
-25,000
| Closed | -$1.89M |
|
118
Expedia Group
EXPE
$33.4B
| – | – |
-50,000
| Closed | -$5.41M |
|
119
Groupon
GRPN
$1.06B
| – | – |
-57,500
| Closed | -$2.75M |
|
120
CALL
Hasbro
HAS
$12.8B
| – | – |
-60,000
| Closed | -$6.34M |
|
121
PUT
iShares Russell 1000 Growth ETF
IWF
$120B
| – | – |
-400,000
| Closed | -$17.6M |
|
122
Kraft Heinz
KHC
$31.2B
| – | – |
-200,000
| Closed | -$6.43M |
|
123
Levi Strauss
LEVI
$9.77B
| – | – |
-175,000
| Closed | -$3.38M |
|
124
Pediatrix Medical
MD
$2.15B
| – | – |
-210,000
| Closed | -$5.84M |
|
125
Middleby
MIDD
$6.12B
| – | – |
-35,000
| Closed | -$3.83M |
|
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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.