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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
-7.02%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$379M
AUM Growth
-$605M
(-61%)
Cap. Flow
-$150M
Cap. Flow
% of AUM
-39.62%
Top 10 Holdings %
Top 10 Hldgs %
41.41%
Holding
141
New
25
Increased
6
Reduced
30
Closed
67
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Target Hospitality
TH
|
+$5.01M |
| 2 |
WOW
WideOpenWest
WOW
|
+$3.32M |
| 3 |
Fomento Económico Mexicano
FMX
|
+$3.15M |
| 4 |
BILL Holdings
BILL
|
+$2.87M |
| 5 |
Bath & Body Works
BBWI
|
+$2.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PAR Technology
PAR
|
+$10.5M |
| 2 |
Kohl's
KSS
|
+$10.2M |
| 3 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$9.28M |
| 4 |
Leslie's
LESL
|
+$9.24M |
| 5 |
PING
Ping Identity Holding Corp.
PING
|
+$8.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 58.78% |
| 2 | Technology | 12.17% |
| 3 | Industrials | 8.06% |
| 4 | Healthcare | 7.78% |
| 5 | Energy | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Liberty Energy
LBRT
$3.36B
| – | – |
-25,000
| Closed | -$319K |
|
|
102
Leslie's
LESL
$5.36M
| – | – |
-30,442
| Closed | -$9.24M |
|
|
MCW
103
DELISTED
Mister Car Wash
MCW
| – | – |
-497,006
| Closed | -$5.41M |
|
104
Marqeta
MQ
$1.73B
| – | – |
-150,000
| Closed | -$4.87M |
|
105
CALL
Strategy Inc
MSTR
$56.7B
| – | – |
-100,000
| Closed | -$1.64M |
|
106
Nomad Foods
NOMD
$1.63B
| – | – |
-150,000
| Closed | -$3M |
|
107
PUT
NVIDIA
NVDA
$5.56T
| – | – |
-350,000
| Closed | -$5.31M |
|
108
CALL
Occidental Petroleum
OXY
$60B
| – | – |
-200,000
| Closed | -$11.8M |
|
|
109
CALL
PAR Technology
PAR
$818M
| – | – |
-250,000
| Closed | -$9.37M |
|
|
110
PAR Technology
PAR
$818M
| – | – |
-281,169
| Closed | -$10.5M |
|
111
CALL
Pinduoduo
PDD
$117B
| – | – |
-100,000
| Closed | -$6.18M |
|
112
CALL
PayPal
PYPL
$47B
| – | – |
-400,000
| Closed | -$27.9M |
|
|
113
PayPal
PYPL
$47B
| – | – |
-100,000
| Closed | -$6.98M |
|
114
QuidelOrtho
QDEL
$958M
| – | – |
-84,400
| Closed | -$8.2M |
|
115
Ryan Specialty Holdings
RYAN
$5.12B
| – | – |
-99,264
| Closed | -$3.89M |
|
116
Sea Limited
SE
$68.7B
| – | – |
-75,000
| Closed | -$5.01M |
|
117
PUT
VanEck Semiconductor ETF
SMH
$69B
| – | – |
-90,000
| Closed | -$9.17M |
|
118
CALL
Snowflake
SNOW
$117B
| – | – |
-50,000
| Closed | -$6.95M |
|
|
SPTN
119
CALL
DELISTED
SpartanNash
SPTN
| – | – |
-450,000
| Closed | -$13.6M |
|
|
SPTN
120
DELISTED
SpartanNash
SPTN
| – | – |
-174,200
| Closed | -$5.26M |
|
121
Tarsus Pharmaceuticals
TARS
$3.98B
| – | – |
-63,310
| Closed | -$924K |
|
122
CALL
Teck Resources
TECK
$33.9B
| – | – |
-250,000
| Closed | -$7.64M |
|
123
CALL
Uber
UBER
$155B
| – | – |
-175,000
| Closed | -$3.58M |
|
|
124
Uber
UBER
$155B
| – | – |
-100,000
| Closed | -$2.05M |
|
125
CALL
Wendy's
WEN
$1.53B
| – | – |
-1,000,000
| Closed | -$18.9M |
|
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Islet Management's Q3 2022 Portfolio in Review
As of Q3 2022, Islet Management held 141 positions worth $379M, down 61% from $984M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Islet Management withdrew a net $150M in Q3 2022, closing 67 positions and reducing 30 holdings. Its most notable exit was PAR Technology, an estimated $10.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 59% of assets, down from 66% a quarter earlier, followed by Technology and Industrials.
Against the trend, Islet Management opened a new position in Target Hospitality worth $5.05M.
- Islet Management's largest Q3 2022 buy was Target Hospitality: 400,000 shares worth $5.05M.
- Islet Management added most to Hess Midstream in Q3 2022, an estimated $2.35M increase.
- Islet Management's biggest Q3 2022 reduction was Kohl's, cutting an estimated $10.2M.
- Islet Management fully exited PAR Technology in Q3 2022, selling an estimated $10.5M.
- Islet Management's ten largest holdings make up 41% of its $379M portfolio in Q3 2022.
- Islet Management opened 25 new positions and closed 67 in Q3 2022.
- Islet Management's portfolio value fell 61% quarter-over-quarter to $379M.
Based on Islet Management's 13F filing for Q3 2022, filed 14 Nov 2022.