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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
-15.56%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$984M
AUM Growth
-$1.46B
(-60%)
Cap. Flow
-$1.14B
Cap. Flow
% of AUM
-115.67%
Top 10 Holdings %
Top 10 Hldgs %
37.62%
Holding
187
New
67
Increased
7
Reduced
33
Closed
71
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MNTV
Momentive Global Inc. Common Stock
MNTV
|
+$17.5M |
| 2 |
PAR Technology
PAR
|
+$10.1M |
| 3 |
PayPal
PYPL
|
+$8.68M |
| 4 |
QuidelOrtho
QDEL
|
+$8.6M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$7.21M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enovis
ENOV
|
+$58.2M |
| 2 |
Pilgrim's Pride
PPC
|
+$29.4M |
| 3 |
US Foods
USFD
|
+$20.7M |
| 4 |
Microsoft
MSFT
|
+$20M |
| 5 |
LXP Industrial Trust
LXP
|
+$19.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 10.03% |
| 2 | Healthcare | 5.1% |
| 3 | Consumer Discretionary | 5.05% |
| 4 | Energy | 3.61% |
| 5 | Industrials | 3.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Churchill Downs
CHDN
$5.85B
| – | – |
-80,000
| Closed | -$8.87M |
|
127
Clarivate
CLVT
$1.53B
| – | – |
-121,796
| Closed | -$2.04M |
|
128
Core & Main
CNM
$8.47B
| – | – |
-50,000
| Closed | -$1.21M |
|
129
Caesars Entertainment
CZR
$6.08B
| – | – |
-125,000
| Closed | -$9.67M |
|
|
130
Enovis
ENOV
$1.56B
| – | – |
-493,850
| Closed | -$58.2M |
|
|
131
PUT
Enovis
ENOV
$1.56B
| – | – |
-203,350
| Closed | -$24M |
|
132
CALL
EPAM Systems
EPAM
$4.63B
| – | – |
-50,000
| Closed | -$14.8M |
|
|
133
EPAM Systems
EPAM
$4.63B
| – | – |
-43,500
| Closed | -$12.9M |
|
134
CALL
Elastic
ESTC
$6.4B
| – | – |
-350,000
| Closed | -$31.1M |
|
|
135
Elastic
ESTC
$6.4B
| – | – |
-50,000
| Closed | -$4.45M |
|
136
Expedia Group
EXPE
$32.3B
| – | – |
-25,000
| Closed | -$4.89M |
|
137
First Citizens BancShares
FCNCA
$24.6B
| – | – |
-15,000
| Closed | -$9.98M |
|
138
FedEx
FDX
$74.7B
| – | – |
-50,000
| Closed | -$11.6M |
|
139
CALL
Flex
FLEX
$43.7B
| – | – |
-663,500
| Closed | -$9.28M |
|
140
Alphabet (Google) Class A
GOOGL
$4.23T
| – | – |
-100,000
| Closed | -$13.9M |
|
141
Healthcare Realty
HR
$7.39B
| – | – |
-400,000
| Closed | -$12.4M |
|
|
IGMS
142
DELISTED
IGM Biosciences
IGMS
| – | – |
-131,700
| Closed | -$3.52M |
|
|
143
LXP Industrial Trust
LXP
$3.45B
| – | – |
-250,000
| Closed | -$19.6M |
|
144
PUT
MGM Resorts International
MGM
$11.8B
| – | – |
-150,000
| Closed | -$6.29M |
|
145
CALL
Marqeta
MQ
$1.84B
| – | – |
-250,000
| Closed | -$11M |
|
|
146
CALL
Microsoft
MSFT
$2.93T
| – | – |
-50,000
| Closed | -$15.4M |
|
|
147
Microsoft
MSFT
$2.93T
| – | – |
-65,000
| Closed | -$20M |
|
148
CALL
nCino
NCNO
$1.96B
| – | – |
-150,000
| Closed | -$6.15M |
|
|
149
nCino
NCNO
$1.96B
| – | – |
-50,000
| Closed | -$2.05M |
|
150
Occidental Petroleum
OXY
$54.6B
| – | – |
-200,000
| Closed | -$12.3M |
|
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Islet Management's Q2 2022 Portfolio in Review
As of Q2 2022, Islet Management held 187 positions worth $984M, down 60% from $2.44B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Islet Management withdrew a net $1.14B in Q2 2022, closing 71 positions and reducing 33 holdings. Its most notable exit was Enovis, an estimated $58.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 10% of assets, up from 7.5% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Islet Management opened a new position in Momentive Global Inc. Common Stock worth $11.5M.
- Islet Management's largest Q2 2022 buy was Momentive Global Inc. Common Stock: 1,305,000 shares worth $11.5M.
- Islet Management added most to New Relic, Inc. in Q2 2022, an estimated $3.33M increase.
- Islet Management's biggest Q2 2022 reduction was Brightstar Lottery PLC, cutting an estimated $14.9M.
- Islet Management fully exited Enovis in Q2 2022, selling an estimated $58.2M.
- Islet Management's ten largest holdings make up 38% of its $984M portfolio in Q2 2022.
- Islet Management opened 67 new positions and closed 71 in Q2 2022.
- Islet Management's portfolio value fell 60% quarter-over-quarter to $984M.
Based on Islet Management's 13F filing for Q2 2022, filed 15 Aug 2022.