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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
-$533M
Cap. Flow
% of AUM
-140.58%
Top 10 Holdings %
Top 10 Hldgs %
41.41%
Holding
141
New
25
Increased
6
Reduced
30
Closed
67
Top Buys
| 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
| 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
| 1 | Technology | 11.41% |
| 2 | Industrials | 8.06% |
| 3 | Healthcare | 7.78% |
| 4 | Energy | 4.32% |
| 5 | Communication Services | 2.94% |
| 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
| $25M | 6.6% |
70,000
-30,000
| -30% | -$11.9M |
|
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $21.2M | 5.6% |
300,000
-200,000
| -40% | -$15.1M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $19.8M | 5.22% |
+120,000
| New | +$21.9M |
|
4
PUT
Invesco QQQ Trust
QQQ
$466B
| $18.7M | 4.94% |
70,000
-30,000
| -30% | -$9.05M |
|
|
TIXT
5
DELISTED
TELUS International
TIXT
| $16.5M | 4.35% |
630,379
| – | – |
|
|
6
CALL
Kohl's
KSS
$1.96B
| $13.8M | 3.65% |
550,000
-1,200,000
| -69% | -$35M |
|
|
MNTV
7
CALL
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $12.5M | 3.3% |
2,150,000
-400,000
| -16% | -$3.11M |
|
|
CANO
8
CALL
DELISTED
Cano Health, Inc.
CANO
| $10.6M | 2.8% |
+12,250
| New | +$7.68M |
|
9
CALL
Pinterest
PINS
$13B
| $9.9M | 2.61% |
+425,000
| New | +$9.32M |
|
|
LITTU
10
DELISTED
Logistics Innovation Technologies Corp. Units
LITTU
| $8.88M | 2.34% |
910,559
| – | – |
|
|
MNTV
11
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $8.59M | 2.27% |
1,478,158
+173,158
| +13% | +$1.35M |
|
12
Gates Industrial
GTES
$6.76B
| $7.91M | 2.09% |
809,954
+75,000
| +10% | +$849K |
|
|
DEN
13
CALL
DELISTED
Denbury Inc.
DEN
| $7.55M | 1.99% |
+87,500
| New | +$6.71M |
|
14
CALL
1stdibs.com
DIBS
$162M
| $7.26M | 1.92% |
+1,155,000
| New | +$7.48M |
|
15
Invitation Homes
INVH
$17.9B
| $7.24M | 1.91% |
215,928
| – | – |
|
16
NCR Voyix
VYX
$1.13B
| $6.89M | 1.82% |
590,743
-346,507
| -37% | -$6.36M |
|
17
Verra Mobility
VRRM
$626M
| $6.72M | 1.77% |
437,507
| – | – |
|
18
iRhythm Holdings
IRTC
$3.64B
| $6.63M | 1.75% |
52,942
+2,942
| +6% | +$425K |
|
|
SGEN
19
DELISTED
Seagen Inc. Common Stock
SGEN
| $6.59M | 1.74% |
48,193
-1,807
| -4% | -$294K |
|
|
20
CALL
iRhythm Holdings
IRTC
$3.64B
| $6.26M | 1.65% |
50,000
-85,000
| -63% | -$12.3M |
|
21
Avantor
AVTR
$7.56B
| $6.17M | 1.63% |
314,914
| – | – |
|
|
22
CALL
Bath & Body Works
BBWI
$4.21B
| $5.87M | 1.55% |
+180,000
| New | +$6.35M |
|
23
Ingersoll Rand
IR
$32.2B
| $5.66M | 1.49% |
130,811
| – | – |
|
|
SGEN
24
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $5.47M | 1.44% |
+40,000
| New | +$6.52M |
|
25
PUT
Tesla
TSLA
$1.43T
| $5.3M | 1.4% |
+20,000
| New | +$5.59M |
|
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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 $533M 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 Technology at 11% of assets, up from 10% a quarter earlier, followed by Industrials and Healthcare.
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.