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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
+4.48%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$1.23B
AUM Growth
+$165M
(+16%)
Cap. Flow
+$137M
Cap. Flow
% of AUM
11.2%
Top 10 Holdings %
Top 10 Hldgs %
62.11%
Holding
34
New
9
Increased
3
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$60.8M |
| 2 |
AGN
Allergan plc
AGN
|
+$57M |
| 3 |
RESI
Front Yard Residential Corporation Common Stock
RESI
|
+$50.6M |
| 4 |
Macerich
MAC
|
+$45.8M |
| 5 |
S
Sprint Corporation
S
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$61.1M |
| 2 |
Tronox
TROX
|
+$53.6M |
| 3 |
FMC
FMC
|
+$30M |
| 4 |
Freeport-McMoran
FCX
|
+$22.5M |
| 5 |
MIC
Macquarie Infrastructure Holdings, LLC
MIC
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 13.91% |
| 2 | Healthcare | 13.45% |
| 3 | Communication Services | 9.68% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Real Estate | 8.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
General Motors
GM
$68.6B
| $114M | 9.3% |
3,043,056
+451,000
| +17% | +$16.4M |
|
|
2
FMC
FMC
$1.4B
| $109M | 8.9% |
2,200,331
-576,500
| -21% | -$30M |
|
|
VER
3
DELISTED
VEREIT, Inc.
VER
| $88.3M | 7.19% |
1,792,046
-121,754
| -6% | -$5.82M |
|
|
4
Agilent Technologies
A
$37.1B
| $62.5M | 5.09% |
+1,504,003
| New | +$60.8M |
|
|
PPLI
5
People Inc
PPLI
$3.31B
| $61.7M | 5.03% |
5,118,897
-587,518
| -10% | -$6.8M |
|
|
AGN
6
DELISTED
Allergan plc
AGN
| $59.5M | 4.85% |
+200,083
| New | +$57M |
|
|
LO
7
DELISTED
LORILLARD INC COM STK
LO
| $58.4M | 4.76% |
893,754
| – | – |
|
8
Globalstar
GSAT
$10.2B
| $57.1M | 4.65% |
1,142,347
| – | – |
|
|
RESI
9
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $54.6M | 4.45% |
+2,617,304
| New | +$50.6M |
|
|
FTD
10
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $51.2M | 4.17% |
1,709,243
| – | – |
|
|
S
11
DELISTED
Sprint Corporation
S
| $45.2M | 3.69% |
+9,544,175
| New | +$45M |
|
|
12
Macerich
MAC
$7.35B
| $44.2M | 3.6% |
+524,116
| New | +$45.8M |
|
|
B
13
Barrick Mining
B
$58.5B
| $43.4M | 3.54% |
3,960,300
| – | – |
|
14
Innoviva
INVA
$1.6B
| $42M | 3.42% |
2,670,695
| – | – |
|
|
MIG
15
DELISTED
MEADOWBROOK INSURANCE GRP INC
MIG
| $40.9M | 3.33% |
4,807,631
| – | – |
|
|
DYN
16
DELISTED
Dynegy, Inc.
DYN
| $36.5M | 2.97% |
1,160,000
+165,000
| +17% | +$4.71M |
|
|
MDAS
17
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $30M | 2.45% |
+1,594,164
| New | +$30.3M |
|
|
DYN.WS
18
DELISTED
Dynegy Inc,
DYN.WS
| $19.9M | 1.62% |
4,664,219
| – | – |
|
19
SPDR Gold Trust
GLD
$130B
| $18.9M | 1.54% |
166,450
| – | – |
|
|
20
Freeport-McMoran
FCX
$83.9B
| $18M | 1.47% |
949,383
-1,137,000
| -54% | -$22.5M |
|
21
National Bank Holdings
NBHC
$2.08B
| $13.3M | 1.08% |
707,545
+46,344
| +7% | +$860K |
|
|
RSH
22
DELISTED
RADIOSHACK CORP
RSH
| $1.49M | 0.12% |
8,875,000
| – | – |
|
23
Smith & Nephew
SNN
$12.9B
| $974K | 0.08% |
28,500
| – | – |
|
24
PUT
Occidental Petroleum
OXY
$54.6B
| $600K | 0.05% |
+23,112
| New | +$1.79M |
|
|
GM.WS.A
25
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
| $178K | 0.01% |
6,414
| – | – |
|
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Litespeed Management's Q1 2015 Portfolio in Review
As of Q1 2015, Litespeed Management held 34 positions worth $1.23B, up 16% from $1.06B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Litespeed Management deployed $137M of net new capital in Q1 2015, opening 9 new positions and adding to 3 existing holdings. Its largest new stake was Agilent Technologies: 1,504,003 shares worth $62.5M.
By sector, the portfolio is most concentrated in Materials at 14% of assets, down from 27% a quarter earlier, followed by Healthcare and Communication Services.
On the sell side, the largest reduction was FMC, an estimated $30M trimmed.
- Litespeed Management's largest Q1 2015 buy was Agilent Technologies: 1,504,003 shares worth $62.5M.
- Litespeed Management added most to General Motors in Q1 2015, an estimated $16.4M increase.
- Litespeed Management's biggest Q1 2015 reduction was FMC, cutting an estimated $30M.
- Litespeed Management fully exited Pfizer in Q1 2015, selling an estimated $61.1M.
- Litespeed Management's ten largest holdings make up 62% of its $1.23B portfolio in Q1 2015.
- Litespeed Management opened 9 new positions and closed 5 in Q1 2015.
- Litespeed Management's portfolio value rose 16% quarter-over-quarter to $1.23B.
Based on Litespeed Management's 13F filing for Q1 2015, filed 14 May 2015.