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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
Cap. Flow
-$224M
Cap. Flow %
-32.74%
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
GO icon
Grocery Outlet
GO
+$17.9M
3
TIF
Tiffany & Co.
TIF
+$15.1M
4
XRX icon
Xerox
XRX
+$14.3M
5
MSFT icon
Microsoft
MSFT
+$14M

Top Sells

Rank Stock Value
1
TDG icon
TransDigm Group
TDG
+$9.8M
2
CSIQ icon
Canadian Solar
CSIQ
+$9.39M
3
BIDU icon
Baidu
BIDU
+$8.85M
4
ECHO
EchoStar
ECHO
+$8.66M
5
BABA icon
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
SDC
151
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
– –
-350,000
Closed -$3.45M
WWE
152
DELISTED
World Wrestling Entertainment
WWE
– –
-85,000
Closed -$5.51M
CONE
153
DELISTED
CyrusOne Inc Common Stock
CONE
– –
-120,000
Closed -$7.85M
STAY
154
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
– –
-275,000
Closed -$4.09M
GRUB
155
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
– –
-37,500
Closed -$3.65M
AMTD
156
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-125,000
Closed -$6.21M
FSCT
157
CALL
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
– –
-300,000
Closed -$9.84M
AXE
158
DELISTED
Anixter International Inc
AXE
– –
-91,400
Closed -$8.42M
GRA
159
DELISTED
W.R. Grace & Co.
GRA
– –
-53,634
Closed -$3.75M
3 4 5 6
7

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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.