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LM

Litespeed Management Portfolio holdings

AUM $48.2M
1-Year Est. Return 9.81%
This Fund
S&P 500
This Quarter Est. Return
-8.22%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$1.29B
AUM Growth
-$294M
Cap. Flow
-$163M
Cap. Flow %
-12.62%
Top 10 Hldgs %
65.27%
Holding
35
New
4
Increased
6
Reduced
4
Closed
7

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$76.8M
2
INVA icon
Innoviva
INVA
+$61.4M
3
FMC icon
FMC
FMC
+$43.2M
4
RAI
Reynolds American Inc
RAI
+$42.2M
5
PFE icon
Pfizer
PFE
+$15.5M

Top Sells

Rank Stock Value
1
CTB
Cooper Tire & Rubber Co.
CTB
+$100M
2
APC
Anadarko Petroleum
APC
+$77.5M
3
AGN
Allergan Inc
AGN
+$75.5M
4
HSH
HILLSHIRE BRANDS CO
HSH
+$36.8M
5
DTV
DIRECTV COM STK (DE)
DTV
+$31.3M

Sector Composition

Rank Sector Weight
1 Materials 26.42%
2 Healthcare 22.1%
3 Communication Services 14.85%
4 Consumer Staples 8.05%
5 Consumer Discretionary 7.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GM.WS.B
26
DELISTED
General Motors Company
GM.WS.B
$60K ﹤0.01%
4,135
– –
CTB
27
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-3,347,947
Closed -$100M
APC
28
DELISTED
Anadarko Petroleum
APC
– –
-708,115
Closed -$77.5M
DTV
29
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-368,000
Closed -$31.3M
HSH
30
DELISTED
HILLSHIRE BRANDS CO
HSH
– –
-590,600
Closed -$36.8M
AGN
31
DELISTED
Allergan Inc
AGN
– –
-446,340
Closed -$75.5M
1
2

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NBG
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Litespeed Management's Q3 2014 Portfolio in Review

As of Q3 2014, Litespeed Management held 35 positions worth $1.29B, down 19% from $1.59B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Litespeed Management withdrew a net $163M in Q3 2014, closing 7 positions and reducing 4 holdings. Its most notable exit was Cooper Tire & Rubber Co., an estimated $100M position sold in full.

By sector, the portfolio is most concentrated in Materials at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Litespeed Management opened a new position in Innoviva worth $45.6M.

  • Litespeed Management's largest Q3 2014 buy was Innoviva: 2,670,695 shares worth $45.6M.
  • Litespeed Management added most to Allergan plc in Q3 2014, an estimated $76.8M increase.
  • Litespeed Management's biggest Q3 2014 reduction was Macquarie Infrastructure Holdings, LLC, cutting an estimated $17.6M.
  • Litespeed Management fully exited Cooper Tire & Rubber Co. in Q3 2014, selling an estimated $100M.
  • Litespeed Management's ten largest holdings make up 65% of its $1.29B portfolio in Q3 2014.
  • Litespeed Management opened 4 new positions and closed 7 in Q3 2014.
  • Litespeed Management's portfolio value fell 19% quarter-over-quarter to $1.29B.

Based on Litespeed Management's 13F filing for Q3 2014, filed 14 Nov 2014.