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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
-16.15%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$812M
AUM Growth
-$433M
Cap. Flow
-$253M
Cap. Flow %
-31.19%
Top 10 Hldgs %
73.78%
Holding
35
New
2
Increased
10
Reduced
4
Closed
15

Top Buys

Rank Stock Value
1
VTRS icon
Viatris
VTRS
+$73M
2
AET
Aetna Inc
AET
+$11.9M
3
MDAS
MEDASSETS INC COM STK (DE)
MDAS
+$5.11M
4
DYN
Dynegy, Inc.
DYN
+$2.16M
5
LYB icon
LyondellBasell Industries
LYB
+$1.78M

Top Sells

Rank Stock Value
1
FMC icon
FMC
FMC
+$64.5M
2
TROX icon
Tronox
TROX
+$44.6M
3
B
Barrick Mining
B
+$42.2M
4
VER
VEREIT, Inc.
VER
+$29.7M
5
APC
Anadarko Petroleum
APC
+$26.9M

Sector Composition

Rank Sector Weight
1 Healthcare 20.13%
2 Consumer Discretionary 19.61%
3 Communication Services 16.14%
4 Real Estate 12.17%
5 Industrials 6.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
26
DELISTED
Allergan plc
AGN
– –
-71,083
Closed -$21.6M
APC
27
DELISTED
Anadarko Petroleum
APC
– –
-345,000
Closed -$26.9M
GM.WS.B
28
DELISTED
General Motors Company
GM.WS.B
– –
-6,414
Closed -$102K
SYT
29
DELISTED
Syngenta Ag
SYT
– –
-91,336
Closed -$7.45M
RAI
30
DELISTED
Reynolds American Inc
RAI
– –
-519,986
Closed -$19.4M
GM.WS.A
31
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
– –
-6,414
Closed -$152K
DISH
32
DELISTED
DISH Network Corp.
DISH
– –
-90,894
Closed -$6.15M
1
2

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SCM
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FC
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NBG
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AXA
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WA
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EGPO
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Litespeed Management's Q3 2015 Portfolio in Review

As of Q3 2015, Litespeed Management held 35 positions worth $812M, down 35% from $1.24B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Litespeed Management withdrew a net $253M in Q3 2015, closing 15 positions and reducing 4 holdings. Its most notable exit was FMC, an estimated $64.5M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 14% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Litespeed Management opened a new position in Viatris worth $52.7M.

  • Litespeed Management's largest Q3 2015 buy was Viatris: 1,309,383 shares worth $52.7M.
  • Litespeed Management added most to Aetna Inc in Q3 2015, an estimated $11.9M increase.
  • Litespeed Management's biggest Q3 2015 reduction was Time Warner Inc, cutting an estimated $25.7M.
  • Litespeed Management fully exited FMC in Q3 2015, selling an estimated $64.5M.
  • Litespeed Management's ten largest holdings make up 74% of its $812M portfolio in Q3 2015.
  • Litespeed Management opened 2 new positions and closed 15 in Q3 2015.
  • Litespeed Management's portfolio value fell 35% quarter-over-quarter to $812M.

Based on Litespeed Management's 13F filing for Q3 2015, filed 16 Nov 2015.