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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
-5.86%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.44B
AUM Growth
-$1.22B
(-33%)
Cap. Flow
-$1.09B
Cap. Flow
% of AUM
-44.52%
Top 10 Holdings %
Top 10 Hldgs %
57.52%
Holding
237
New
57
Increased
15
Reduced
34
Closed
117
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NCR Voyix
VYX
|
+$27M |
| 2 |
Microsoft
MSFT
|
+$19.6M |
| 3 |
EPAM Systems
EPAM
|
+$17.1M |
| 4 |
Taylor Morrison
TMHC
|
+$12.9M |
| 5 |
FedEx
FDX
|
+$11.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Healthcare Realty
HR
|
+$48.8M |
| 2 |
International Flavors & Fragrances
IFF
|
+$42.9M |
| 3 |
CNH
CNH Industrial
CNH
|
+$35.9M |
| 4 |
First Citizens BancShares
FCNCA
|
+$31.1M |
| 5 |
Amazon
AMZN
|
+$30.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.49% |
| 2 | Consumer Discretionary | 6.88% |
| 3 | Healthcare | 4.65% |
| 4 | Industrials | 3.47% |
| 5 | Real Estate | 2.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $700M | 28.65% |
1,550,000
+850,000
| +121% | +$378M |
|
2
PUT
Invesco QQQ Trust
QQQ
$466B
| $363M | 14.84% |
1,000,000
+250,000
| +33% | +$88.8M |
|
|
ZEN
3
CALL
DELISTED
ZENDESK INC
ZEN
| $72.2M | 2.95% |
+600,000
| New | +$65.2M |
|
4
Enovis
ENOV
$1.56B
| $58.2M | 2.38% |
493,850
-101,675
| -17% | -$7.24M |
|
5
CALL
Kohl's
KSS
$1.96B
| $48.4M | 1.98% |
800,000
-200,000
| -20% | -$11.3M |
|
|
SPTN
6
CALL
DELISTED
SpartanNash
SPTN
| $41.2M | 1.69% |
+1,250,000
| New | +$35.3M |
|
|
MNTV
7
CALL
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $32.5M | 1.33% |
+2,000,000
| New | +$33.4M |
|
8
CALL
Elastic
ESTC
$6.4B
| $31.1M | 1.27% |
350,000
+100,000
| +40% | +$8.94M |
|
|
BRSL
9
Brightstar Lottery PLC
BRSL
$1.97B
| $29.6M | 1.21% |
1,200,000
-150,000
| -11% | -$4.03M |
|
10
Pilgrim's Pride
PPC
$6.93B
| $29.4M | 1.2% |
1,170,358
+245,358
| +27% | +$6.37M |
|
|
11
NCR Voyix
VYX
$1.13B
| $27.1M | 1.11% |
+1,100,245
| New | +$27M |
|
12
CALL
Uber
UBER
$147B
| $26.8M | 1.1% |
750,000
| – | – |
|
13
PUT
Invesco S&P 500 High Beta ETF
SPHB
$970M
| $26.6M | 1.09% |
350,000
-150,000
| -30% | -$11.3M |
|
|
14
Kohl's
KSS
$1.96B
| $24.2M | 0.99% |
400,000
-100,000
| -20% | -$5.65M |
|
15
Leslie's
LESL
$24.2M
| $24.2M | 0.99% |
62,435
+10,000
| +19% | +$4.16M |
|
16
CALL
Sea Limited
SE
$63.7B
| $24M | 0.98% |
200,000
+125,000
| +167% | +$17.6M |
|
|
17
PUT
Enovis
ENOV
$1.56B
| $24M | 0.98% |
203,350
-87,150
| -30% | -$6.21M |
|
18
CALL
Academy Sports + Outdoors
ASO
$3B
| $23.6M | 0.97% |
600,000
+100,000
| +20% | +$3.67M |
|
19
US Foods
USFD
$21.4B
| $20.7M | 0.85% |
550,000
+50,000
| +10% | +$1.82M |
|
|
20
Microsoft
MSFT
$2.93T
| $20M | 0.82% |
+65,000
| New | +$19.6M |
|
|
AJRD
21
CALL
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $19.7M | 0.81% |
+500,000
| New | +$19.9M |
|
22
LXP Industrial Trust
LXP
$3.45B
| $19.6M | 0.8% |
250,000
-10,000
| -4% | -$754K |
|
23
Ingersoll Rand
IR
$32.2B
| $18.9M | 0.77% |
375,000
-175,000
| -32% | -$9.37M |
|
|
24
CALL
US Foods
USFD
$21.4B
| $18.8M | 0.77% |
+500,000
| New | +$18.2M |
|
|
PING
25
DELISTED
Ping Identity Holding Corp.
PING
| $17.3M | 0.71% |
631,600
| – | – |
|
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Islet Management's Q1 2022 Portfolio in Review
As of Q1 2022, Islet Management held 237 positions worth $2.44B, down 33% from $3.67B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Islet Management withdrew a net $1.09B in Q1 2022, closing 117 positions and reducing 34 holdings. Its most notable exit was International Flavors & Fragrances, an estimated $42.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 7.5% of assets, down from 9.7% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Islet Management opened a new position in NCR Voyix worth $27.1M.
- Islet Management's largest Q1 2022 buy was NCR Voyix: 1,100,245 shares worth $27.1M.
- Islet Management added most to Pilgrim's Pride in Q1 2022, an estimated $6.37M increase.
- Islet Management's biggest Q1 2022 reduction was Healthcare Realty, cutting an estimated $48.8M.
- Islet Management fully exited International Flavors & Fragrances in Q1 2022, selling an estimated $42.9M.
- Islet Management's ten largest holdings make up 58% of its $2.44B portfolio in Q1 2022.
- Islet Management opened 57 new positions and closed 117 in Q1 2022.
- Islet Management's portfolio value fell 33% quarter-over-quarter to $2.44B.
Based on Islet Management's 13F filing for Q1 2022, filed 13 May 2022.