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LM
Litespeed Management Portfolio holdings
AUM
$48.2M
Turnover
35.29%
1-Year Est. Return
9.81%
This Fund
S&P 500
This Quarter Est. Return
-1.29%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$1.24B
AUM Growth
+$17.9M
(+1.5%)
Cap. Flow
+$174M
Cap. Flow % of AUM
Cap. Flow %
13.98%
Top 10 Holdings %
Top 10 Hldgs %
56.86%
Holding
42
New
13
Increased
7
Reduced
4
Closed
9
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.3
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brightstar Lottery PLC
BRSL
|
+$83.7M |
| 2 |
Gilead Sciences
GILD
|
+$81.4M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$74.7M |
| 4 |
Tronox
TROX
|
+$57.5M |
| 5 |
VSI
Vitamin Shoppe Inc.
VSI
|
+$31.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$62.5M |
| 2 |
LO
LORILLARD INC COM STK
LO
|
+$58.4M |
| 3 |
VER
VEREIT, Inc.
VER
|
+$47.8M |
| 4 |
MEADOWBROOK INSURANCE GRP INC
MIG
|
+$40.9M |
| 5 |
FMC
FMC
|
+$38.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 19.92% |
| 2 | Consumer Discretionary | 16.76% |
| 3 | Materials | 14.45% |
| 4 | Healthcare | 14.26% |
| 5 | Miscellaneous | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
General Motors
GM
$72.5B
| $101M | 8.15% |
3,043,056
| – | – |
2014 Q1
5 quarters
|
|
|
2
Gilead Sciences
GILD
$208B
| $87.2M | 7.01% |
+745,000
| New | +$81.4M |
2015 Q2
0 quarters
|
|
|
3
Brightstar Lottery PLC
BRSL
$1.77B
| $78M | 6.27% |
+4,393,874
| New | +$83.7M |
2015 Q2
0 quarters
|
|
|
TWX
4
DELISTED
Time Warner Inc
TWX
| $76.5M | 6.14% |
+875,000
| New | +$74.7M |
2015 Q2
0 quarters
|
|
5
People Inc
PPLI
$3.28B
| $73.9M | 5.94% |
5,192,756
+73,859
| +1% | +$979K |
2014 Q2
4 quarters
|
|
|
MDAS
6
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $66.9M | 5.37% |
3,032,741
+1,438,577
| +90% | +$30M |
2015 Q1
1 quarter
|
|
|
7
FMC
FMC
$810M
| $64.6M | 5.19% |
1,416,291
-784,040
| -36% | -$38.9M |
2014 Q1
5 quarters
|
|
8
Macerich
MAC
$7.11B
| $59.3M | 4.76% |
795,116
+271,000
| +52% | +$22M |
2015 Q1
1 quarter
|
|
|
FTD
9
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $51.2M | 4.12% |
1,817,888
+108,645
| +6% | +$3.13M |
2013 Q4
6 quarters
|
|
10
DELISTED
Sprint Corporation
S
| $48.8M | 3.92% |
10,694,175
+1,150,000
| +12% | +$5.53M |
2015 Q1
1 quarter
|
|
11
Innoviva
INVA
$1.35B
| $48.3M | 3.88% |
2,670,695
| – | – |
2014 Q3
3 quarters
|
|
|
RESI
12
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $45.4M | 3.65% |
2,693,504
+76,200
| +3% | +$1.43M |
2015 Q1
1 quarter
|
|
|
13
Tronox
TROX
$418M
| $44.6M | 3.59% |
+3,051,773
| New | +$57.5M |
2015 Q2
0 quarters
|
|
14
Globalstar
GSAT
$11.2B
| $42.7M | 3.43% |
1,348,151
+205,804
| +18% | +$8M |
2014 Q2
4 quarters
|
|
15
Barrick Mining
B
$61.2B
| $42.2M | 3.39% |
3,960,300
| – | – |
2013 Q4
6 quarters
|
|
16
DELISTED
Dynegy, Inc.
DYN
| $33.9M | 2.73% |
1,160,000
| – | – |
2014 Q4
2 quarters
|
|
|
VER
17
DELISTED
VEREIT, Inc.
VER
| $29.7M | 2.39% |
731,655
-1,060,391
| -59% | -$47.8M |
2014 Q4
2 quarters
|
|
|
VSI
18
DELISTED
Vitamin Shoppe Inc.
VSI
| $29.1M | 2.34% |
+781,810
| New | +$31.3M |
2015 Q2
0 quarters
|
|
19
DELISTED
Anadarko Petroleum
APC
| $26.9M | 2.16% |
+345,000
| New | +$29.9M |
2015 Q2
0 quarters
|
|
|
AET
20
DELISTED
Aetna Inc
AET
| $24.7M | 1.99% |
+194,000
| New | +$22.1M |
2015 Q2
0 quarters
|
|
|
AGN
21
DELISTED
Allergan plc
AGN
| $21.6M | 1.73% |
71,083
-129,000
| -64% | -$38.5M |
2015 Q1
1 quarter
|
|
22
Metallus
MTUS
$699M
| $21M | 1.69% |
+779,300
| New | +$23M |
2015 Q2
0 quarters
|
|
23
Humana
HUM
$54B
| $20.5M | 1.64% |
+107,000
| New | +$19.9M |
2015 Q2
0 quarters
|
|
|
RAI
24
DELISTED
Reynolds American Inc
RAI
| $19.4M | 1.56% |
+519,986
| New | +$19.5M |
2015 Q2
0 quarters
|
|
|
25
DELISTED
Dynegy Inc,
DYN.WS
| $18.9M | 1.52% |
4,664,219
| – | – |
2013 Q3
7 quarters
|
|
Similar funds
FC
NBG
Litespeed Management's Q2 2015 Portfolio in Review
As of Q2 2015, Litespeed Management held 42 positions worth $1.24B, up 1.5% from $1.23B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Litespeed Management deployed $174M of net new capital in Q2 2015, opening 13 new positions and adding to 7 existing holdings. Its largest new stake was Brightstar Lottery PLC: 4,393,874 shares worth $78M.
By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 13% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was VEREIT, Inc., an estimated $47.8M trimmed.
- Litespeed Management's largest Q2 2015 buy was Brightstar Lottery PLC: 4,393,874 shares worth $78M.
- Litespeed Management added most to MEDASSETS INC COM STK (DE) in Q2 2015, an estimated $30M increase.
- Litespeed Management's biggest Q2 2015 reduction was VEREIT, Inc., cutting an estimated $47.8M.
- Litespeed Management fully exited Agilent Technologies in Q2 2015, selling an estimated $62.5M.
- Litespeed Management's ten largest holdings make up 57% of its $1.24B portfolio in Q2 2015.
- Litespeed Management opened 13 new positions and closed 9 in Q2 2015.
- Litespeed Management's portfolio value rose 1.5% quarter-over-quarter to $1.24B.
Based on Litespeed Management's 13F filing for Q2 2015, filed 14 Aug 2015.