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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
-3.71%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
-$232M
(-18%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-16.42%
Top 10 Holdings %
Top 10 Hldgs %
72.63%
Holding
32
New
4
Increased
4
Reduced
6
Closed
7
Top Buys
| 1 |
VER
VEREIT, Inc.
VER
|
+$93.8M |
| 2 |
LO
LORILLARD INC COM STK
LO
|
+$55.3M |
| 3 |
DYN
Dynegy, Inc.
DYN
|
+$30.7M |
| 4 |
PPLI
People Inc
PPLI
|
+$8.38M |
| 5 |
General Motors
GM
|
+$80.1K |
Top Sells
| 1 |
AGN
Allergan plc
AGN
|
+$136M |
| 2 |
PRMW
Primo Water Corporation
PRMW
|
+$61.5M |
| 3 |
DISH
DISH Network Corp.
DISH
|
+$60.1M |
| 4 |
SD
SANDRIDGE ENERGY, INC.
SD
|
+$52.1M |
| 5 |
RAI
Reynolds American Inc
RAI
|
+$42.8M |
Sector Composition
| 1 | Materials | 26.57% |
| 2 | Communication Services | 11.69% |
| 3 | Healthcare | 9.4% |
| 4 | Consumer Discretionary | 8.83% |
| 5 | Industrials | 5.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
FMC
FMC
$1.4B
| $137M | 12.93% |
2,776,831
| – | – |
|
|
2
General Motors
GM
$68.6B
| $90.5M | 8.52% |
2,592,056
+2,507
| +0.1% | +$80.1K |
|
|
VER
3
DELISTED
VEREIT, Inc.
VER
| $86.6M | 8.15% |
+1,913,800
| New | +$93.8M |
|
|
PPLI
4
People Inc
PPLI
$3.31B
| $62M | 5.84% |
5,706,415
+740,273
| +15% | +$8.38M |
|
5
Pfizer
PFE
$143B
| $61.1M | 5.75% |
2,065,951
-964,299
| -32% | -$27.6M |
|
|
FTD
6
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $59.5M | 5.6% |
1,709,243
-121,403
| -7% | -$4.19M |
|
|
LO
7
DELISTED
LORILLARD INC COM STK
LO
| $56.3M | 5.3% |
+893,754
| New | +$55.3M |
|
8
Tronox
TROX
$932M
| $53.6M | 5.04% |
2,243,494
-102,461
| -4% | -$2.37M |
|
9
Freeport-McMoran
FCX
$83.9B
| $48.7M | 4.59% |
2,086,383
-520,600
| -20% | -$14.4M |
|
10
Globalstar
GSAT
$10.2B
| $47.1M | 4.44% |
1,142,347
| – | – |
|
|
B
11
Barrick Mining
B
$58.5B
| $42.6M | 4.01% |
3,960,300
| – | – |
|
|
MIG
12
DELISTED
MEADOWBROOK INSURANCE GRP INC
MIG
| $40.7M | 3.83% |
4,807,631
| – | – |
|
13
Innoviva
INVA
$1.6B
| $37.8M | 3.56% |
2,670,695
| – | – |
|
|
DYN
14
DELISTED
Dynegy, Inc.
DYN
| $30.2M | 2.84% |
+995,000
| New | +$30.7M |
|
15
SPDR Gold Trust
GLD
$130B
| $18.9M | 1.78% |
166,450
| – | – |
|
|
DYN.WS
16
DELISTED
Dynegy Inc,
DYN.WS
| $18.2M | 1.72% |
4,664,219
| – | – |
|
|
MIC
17
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $16.5M | 1.55% |
232,103
| – | – |
|
|
DISH
18
DELISTED
DISH Network Corp.
DISH
| $15.1M | 1.42% |
206,741
-893,217
| -81% | -$60.1M |
|
19
National Bank Holdings
NBHC
$2.08B
| $12.8M | 1.21% |
661,201
-1,044,615
| -61% | -$20.1M |
|
|
RSH
20
DELISTED
RADIOSHACK CORP
RSH
| $3.28M | 0.31% |
8,875,000
| – | – |
|
21
Smith & Nephew
SNN
$12.9B
| $1.05M | 0.1% |
28,500
| – | – |
|
|
GM.WS.A
22
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
| $161K | 0.02% |
6,414
+2,279
| +55% | +$50.6K |
|
|
GM.WS.B
23
DELISTED
General Motors Company
GM.WS.B
| $109K | 0.01% |
6,414
+2,279
| +55% | +$32.9K |
|
24
ICU Medical
ICUI
$3.94B
| – | – |
-102,314
| Closed | -$6.57M |
|
|
PRMW
25
DELISTED
Primo Water Corporation
PRMW
| – | – |
-8,945,342
| Closed | -$61.5M |
|
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Litespeed Management's Q4 2014 Portfolio in Review
As of Q4 2014, Litespeed Management held 32 positions worth $1.06B, down 18% from $1.29B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Litespeed Management withdrew a net $174M in Q4 2014, closing 7 positions and reducing 6 holdings. Its most notable exit was Allergan plc, an estimated $136M position sold in full.
By sector, the portfolio is most concentrated in Materials at 27% of assets, up from 26% a quarter earlier, followed by Communication Services and Healthcare.
Against the trend, Litespeed Management opened a new position in VEREIT, Inc. worth $86.6M.
- Litespeed Management's largest Q4 2014 buy was VEREIT, Inc.: 1,913,800 shares worth $86.6M.
- Litespeed Management added most to People Inc in Q4 2014, an estimated $8.38M increase.
- Litespeed Management's biggest Q4 2014 reduction was DISH Network Corp., cutting an estimated $60.1M.
- Litespeed Management fully exited Allergan plc in Q4 2014, selling an estimated $136M.
- Litespeed Management's ten largest holdings make up 73% of its $1.06B portfolio in Q4 2014.
- Litespeed Management opened 4 new positions and closed 7 in Q4 2014.
- Litespeed Management's portfolio value fell 18% quarter-over-quarter to $1.06B.
Based on Litespeed Management's 13F filing for Q4 2014, filed 17 Feb 2015.