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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
+2.25%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$3.67B
AUM Growth
-$969M
(-21%)
Cap. Flow
-$228M
Cap. Flow
% of AUM
-6.21%
Top 10 Holdings %
Top 10 Hldgs %
30.39%
Holding
300
New
100
Increased
24
Reduced
38
Closed
120
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$51.3M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$43.2M |
| 3 |
Healthcare Realty
HR
|
+$36.7M |
| 4 |
Elastic
ESTC
|
+$33.9M |
| 5 |
CNH
CNH Industrial
CNH
|
+$32.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street
STT
|
+$55.6M |
| 2 |
T-Mobile US
TMUS
|
+$51.1M |
| 3 |
WillScot Mobile Mini Holdings
WSC
|
+$48.9M |
| 4 |
Hartford Financial Services
HIG
|
+$38.6M |
| 5 |
BILL Holdings
BILL
|
+$36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 50.94% |
| 2 | Technology | 10.26% |
| 3 | Consumer Discretionary | 8.65% |
| 4 | Industrials | 6.28% |
| 5 | Communication Services | 4.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $332M | 9.07% |
700,000
-1,250,000
| -64% | -$574M |
|
2
PUT
Invesco QQQ Trust
QQQ
$489B
| $298M | 8.14% |
750,000
-650,000
| -46% | -$251M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $89M | 2.43% |
+400,000
| New | +$90.4M |
|
4
CALL
Meta Platforms (Facebook)
META
$1.57T
| $67.3M | 1.84% |
+200,000
| New | +$66.4M |
|
|
5
Healthcare Realty
HR
$6.55B
| $65.1M | 1.78% |
1,950,000
+1,100,000
| +129% | +$36.7M |
|
6
CALL
Citigroup
C
$231B
| $60.4M | 1.65% |
+1,000,000
| New | +$66.5M |
|
7
CALL
KraneShares CSI China Internet ETF
KWEB
$5.14B
| $54.7M | 1.49% |
+1,500,000
| New | +$69M |
|
|
8
Amazon
AMZN
$2.79T
| $50M | 1.36% |
+300,000
| New | +$51.3M |
|
9
CALL
Kohl's
KSS
$2.2B
| $49.4M | 1.35% |
+1,000,000
| New | +$51.1M |
|
10
PUT
ARK Innovation ETF
ARKK
$6.44B
| $47.3M | 1.29% |
+500,000
| New | +$54.6M |
|
11
Enovis
ENOV
$1.07B
| $47.1M | 1.29% |
595,525
-8,715
| -1% | -$729K |
|
12
First Citizens BancShares
FCNCA
$24.9B
| $45.6M | 1.25% |
55,000
+25,000
| +83% | +$20.8M |
|
|
13
Alphabet (Google) Class A
GOOGL
$4.14T
| $43.5M | 1.19% |
+300,000
| New | +$43.2M |
|
14
International Flavors & Fragrances
IFF
$22B
| $42.9M | 1.17% |
285,000
+85,000
| +43% | +$12.4M |
|
|
15
Elastic
ESTC
$9.64B
| $41.2M | 1.12% |
334,400
+224,400
| +204% | +$33.9M |
|
16
PUT
Invesco S&P 500 High Beta ETF
SPHB
$929M
| $39.5M | 1.08% |
500,000
| – | – |
|
|
BRSL
17
Brightstar Lottery PLC
BRSL
$2.06B
| $39M | 1.06% |
1,350,000
-125,000
| -8% | -$3.54M |
|
18
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.5B
| $38.6M | 1.05% |
+500,000
| New | +$36.2M |
|
|
19
CALL
International Flavors & Fragrances
IFF
$22B
| $37.7M | 1.03% |
250,000
-225,000
| -47% | -$32.8M |
|
20
PUT
TSMC
TSM
$2.22T
| $36.1M | 0.98% |
300,000
-100,000
| -25% | -$11.7M |
|
|
CNH
21
CNH Industrial
CNH
$23.2B
| $35.9M | 0.98% |
+2,125,650
| New | +$32.6M |
|
22
PUT
iShares Russell Mid-Cap Growth ETF
IWP
$19.6B
| $34.6M | 0.94% |
+300,000
| New | +$35M |
|
23
Ingersoll Rand
IR
$29.6B
| $34M | 0.93% |
550,000
| – | – |
|
24
CALL
Uber
UBER
$155B
| $31.4M | 0.86% |
750,000
| – | – |
|
25
CALL
PENN Entertainment
PENN
$2.29B
| $31.1M | 0.85% |
+600,000
| New | +$36.4M |
|
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Islet Management's Q4 2021 Portfolio in Review
As of Q4 2021, Islet Management held 300 positions worth $3.67B, down 21% from $4.63B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Islet Management withdrew a net $228M in Q4 2021, closing 120 positions and reducing 38 holdings. Its most notable exit was State Street, an estimated $55.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, down from 55% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Islet Management opened a new position in Amazon worth $50M.
- Islet Management's largest Q4 2021 buy was Amazon: 300,000 shares worth $50M.
- Islet Management added most to Healthcare Realty in Q4 2021, an estimated $36.7M increase.
- Islet Management's biggest Q4 2021 reduction was Sea Limited, cutting an estimated $28.4M.
- Islet Management fully exited State Street in Q4 2021, selling an estimated $55.6M.
- Islet Management's ten largest holdings make up 30% of its $3.67B portfolio in Q4 2021.
- Islet Management opened 100 new positions and closed 120 in Q4 2021.
- Islet Management's portfolio value fell 21% quarter-over-quarter to $3.67B.
Based on Islet Management's 13F filing for Q4 2021, filed 14 Feb 2022.