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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
+5.19%
1 Year Est. Return
+17.59%
3 Year Est. Return
+74.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$148M
AUM Growth
-$231M
(-61%)
Cap. Flow
-$237M
Cap. Flow
% of AUM
-159.6%
Top 10 Holdings %
Top 10 Hldgs %
52.85%
Holding
101
New
27
Increased
1
Reduced
26
Closed
46
Top Buys
| 1 |
VRE
Veris Residential
VRE
|
+$2.21M |
| 2 |
Valvoline
VVV
|
+$1.82M |
| 3 |
Nike
NKE
|
+$1.76M |
| 4 |
Meta Platforms (Facebook)
META
|
+$1.76M |
| 5 |
Microsoft
MSFT
|
+$1.68M |
Top Sells
| 1 |
MNTV
Momentive Global Inc. Common Stock
MNTV
|
+$9.58M |
| 2 |
Invitation Homes
INVH
|
+$7.24M |
| 3 |
NCR Voyix
VYX
|
+$6.89M |
| 4 |
Verra Mobility
VRRM
|
+$6.72M |
| 5 |
iRhythm Holdings
IRTC
|
+$6.63M |
Sector Composition
| 1 | Technology | 8.56% |
| 2 | Industrials | 7.11% |
| 3 | Communication Services | 2.92% |
| 4 | Consumer Staples | 2.82% |
| 5 | Consumer Discretionary | 2.7% |
| 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
| $13.4M | 9.03% |
35,000
-35,000
| -50% | -$13.5M |
|
2
PUT
Invesco QQQ Trust
QQQ
$466B
| $10.7M | 7.19% |
40,000
-30,000
| -43% | -$8.3M |
|
3
CALL
Fomento Económico Mexicano
FMX
$44B
| $9.77M | 6.59% |
+125,000
| New | +$9.19M |
|
|
LITTU
4
DELISTED
Logistics Innovation Technologies Corp. Units
LITTU
| $7.95M | 5.37% |
800,000
-110,559
| -12% | -$1.09M |
|
5
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
| $7.47M | 5.04% |
+75,000
| New | +$7.56M |
|
|
TIXT
6
DELISTED
TELUS International
TIXT
| $6.91M | 4.66% |
349,016
-281,363
| -45% | -$6.22M |
|
7
Gates Industrial
GTES
$6.76B
| $6.56M | 4.43% |
574,951
-235,003
| -29% | -$2.59M |
|
8
PUT
Target Hospitality
TH
$1.63B
| $5.98M | 4.04% |
+395,000
| New | +$5.32M |
|
9
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $5.52M | 3.73% |
75,000
-225,000
| -75% | -$16.6M |
|
|
RADI
10
CALL
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $4.14M | 2.79% |
+350,000
| New | +$3.63M |
|
11
CALL
Netflix
NFLX
$290B
| $3.69M | 2.49% |
+125,000
| New | +$3.51M |
|
12
PUT
Rivian
RIVN
$25.3B
| $3.69M | 2.49% |
+200,000
| New | +$5.89M |
|
|
TBCH
13
CALL
Turtle Beach Corp
TBCH
$258M
| $3.58M | 2.42% |
500,000
+150,000
| +43% | +$1.18M |
|
|
MNTV
14
CALL
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.5M | 2.36% |
500,000
-1,650,000
| -77% | -$11.9M |
|
15
CALL
KraneShares CSI China Internet ETF
KWEB
$5.32B
| $3.02M | 2.04% |
+100,000
| New | +$2.55M |
|
|
CTIC
16
CALL
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
| $2.88M | 1.95% |
+480,000
| New | +$2.62M |
|
17
CALL
OneSpan
OSPN
$574M
| $2.8M | 1.89% |
+250,000
| New | +$2.87M |
|
18
PUT
Apple
AAPL
$4.9T
| $2.6M | 1.75% |
20,000
-10,000
| -33% | -$1.43M |
|
19
GrafTech
EAF
$181M
| $2.54M | 1.71% |
53,350
-46,650
| -47% | -$2.27M |
|
|
VRE
20
DELISTED
Veris Residential
VRE
| $2.39M | 1.61% |
+150,000
| New | +$2.21M |
|
|
21
Nike
NKE
$64.9B
| $2.05M | 1.38% |
+17,500
| New | +$1.76M |
|
|
22
Valvoline
VVV
$5.1B
| $1.96M | 1.32% |
+60,000
| New | +$1.82M |
|
|
23
CALL
Meta Platforms (Facebook)
META
$1.64T
| $1.81M | 1.22% |
+15,000
| New | +$1.76M |
|
|
24
Meta Platforms (Facebook)
META
$1.64T
| $1.81M | 1.22% |
+15,000
| New | +$1.76M |
|
|
TBCH
25
PUT
Turtle Beach Corp
TBCH
$258M
| $1.79M | 1.21% |
250,000
-350,000
| -58% | -$2.74M |
|
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Islet Management's Q4 2022 Portfolio in Review
As of Q4 2022, Islet Management held 101 positions worth $148M, down 61% from $379M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Islet Management withdrew a net $237M in Q4 2022, closing 46 positions and reducing 26 holdings. Its most notable exit was Invitation Homes, an estimated $7.24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 11% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Islet Management opened a new position in Veris Residential worth $2.39M.
- Islet Management's largest Q4 2022 buy was Veris Residential: 150,000 shares worth $2.39M.
- Islet Management's biggest Q4 2022 reduction was Momentive Global Inc. Common Stock, cutting an estimated $9.58M.
- Islet Management fully exited Invitation Homes in Q4 2022, selling an estimated $7.24M.
- Islet Management's ten largest holdings make up 53% of its $148M portfolio in Q4 2022.
- Islet Management opened 27 new positions and closed 46 in Q4 2022.
- Islet Management's portfolio value fell 61% quarter-over-quarter to $148M.
Based on Islet Management's 13F filing for Q4 2022, filed 14 Feb 2023.