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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
+1.63%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$512M
AUM Growth
-$171M
(-25%)
Cap. Flow
-$173M
Cap. Flow % of AUM
Cap. Flow %
-33.82%
Top 10 Holdings %
Top 10 Hldgs %
80.64%
Holding
27
New
9
Increased
3
Reduced
2
Closed
9
Avg Time Held
0.7
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$34.9M |
| 2 |
Media General, Inc
MEG
|
+$23.9M |
| 3 |
AGN
Allergan plc
AGN
|
+$22.9M |
| 4 |
Humana
HUM
|
+$20.6M |
| 5 |
ODP
ODP
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDAS
MEDASSETS INC COM STK (DE)
MDAS
|
+$93.5M |
| 2 |
Viatris
VTRS
|
+$81.9M |
| 3 |
Gilead Sciences
GILD
|
+$74.6M |
| 4 |
Brightstar Lottery PLC
BRSL
|
+$69.5M |
| 5 |
AET
Aetna Inc
AET
|
+$28.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 22.25% |
| 2 | Healthcare | 20.94% |
| 3 | Communication Services | 19.71% |
| 4 | Real Estate | 14.65% |
| 5 | Consumer Discretionary | 13.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
People Inc
PPLI
$3.28B
| $46.1M | 8.99% |
5,475,884
+87,288
| +2% | +$751K |
2014 Q2
7 quarters
|
|
|
HOT
2
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $42.7M | 8.34% |
+512,000
| New | +$34.9M |
2016 Q1
0 quarters
|
|
|
VSI
3
DELISTED
Vitamin Shoppe Inc.
VSI
| $38.4M | 7.5% |
1,241,667
-21,716
| -2% | -$652K |
2015 Q2
3 quarters
|
|
4
Innoviva
INVA
$1.35B
| $37.5M | 7.32% |
2,979,212
| – | – |
2014 Q3
6 quarters
|
|
|
5
Humana
HUM
$54B
| $37.3M | 7.29% |
204,000
+118,500
| +139% | +$20.6M |
2015 Q2
3 quarters
|
|
|
FTD
6
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $35.9M | 7.01% |
1,367,840
-421,480
| -24% | -$10.2M |
2013 Q4
9 quarters
|
|
|
RESI
7
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $32.3M | 6.31% |
2,694,504
| – | – |
2015 Q1
4 quarters
|
|
8
Globalstar
GSAT
$11.2B
| $30.8M | 6% |
1,394,817
| – | – |
2014 Q2
7 quarters
|
|
|
9
DELISTED
ODP
ODP
| $25.5M | 4.97% |
+358,560
| New | +$19.3M |
2016 Q1
0 quarters
|
|
|
10
DELISTED
Media General, Inc
MEG
| $24.2M | 4.72% |
+1,481,473
| New | +$23.9M |
2016 Q1
0 quarters
|
|
|
AGN
11
DELISTED
Allergan plc
AGN
| $21.4M | 4.19% |
+80,000
| New | +$22.9M |
2016 Q1
0 quarters
|
|
|
RAD
12
DELISTED
Rite Aid Corporation
RAD
| $10.5M | 2.05% |
+64,559
| New | +$10.2M |
2016 Q1
0 quarters
|
|
|
AH
13
DELISTED
Accretive Health
AH
| $9.7M | 1.89% |
3,797,021
+999,378
| +36% | +$2.55M |
2015 Q4
1 quarter
|
|
|
CST
14
DELISTED
CST Brands, Inc.
CST
| $5.5M | 1.07% |
+143,657
| New | +$5.27M |
2016 Q1
0 quarters
|
|
15
DELISTED
Dynegy Inc,
DYN.WS
| $1.92M | 0.37% |
4,664,219
| – | – |
2013 Q3
10 quarters
|
|
|
HNGR
16
DELISTED
Hanger Inc.
HNGR
| $503K | 0.1% |
+77,362
| New | +$1.02M |
2016 Q1
0 quarters
|
|
|
17
Gilead Sciences
GILD
$208B
| – | – |
-737,486
| Closed | -$74.6M | – |
|
|
18
Brightstar Lottery PLC
BRSL
$1.77B
| – | – |
-4,293,874
| Closed | -$69.5M | – |
|
|
19
Viatris
VTRS
$23.9B
| – | – |
-1,514,383
| Closed | -$81.9M | – |
|
20
Metallus
MTUS
$699M
| – | – |
-861,784
| Closed | -$7.22M | – |
|
21
DELISTED
Sprint Corporation
S
| – | – |
-6,314,175
| Closed | -$22.9M | – |
|
|
AET
22
DELISTED
Aetna Inc
AET
| – | – |
-262,000
| Closed | -$28.3M | – |
|
|
TWX
23
DELISTED
Time Warner Inc
TWX
| – | – |
-360,252
| Closed | -$23.3M | – |
|
|
24
DELISTED
Dynegy, Inc.
DYN
| – | – |
-1,094,651
| Closed | -$14.7M | – |
|
|
MDAS
25
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| – | – |
-3,021,806
| Closed | -$93.5M | – |
|
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Litespeed Management's Q1 2016 Portfolio in Review
As of Q1 2016, Litespeed Management held 27 positions worth $512M, down 25% from $683M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Litespeed Management withdrew a net $173M in Q1 2016, closing 9 positions and reducing 2 holdings. Its most notable exit was MEDASSETS INC COM STK (DE), an estimated $93.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 22% of assets, up from 14% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Litespeed Management opened a new position in STARWOOD HOTELS & RESORTS WORLDWIDE, INC. worth $42.7M.
- Litespeed Management's largest Q1 2016 buy was STARWOOD HOTELS & RESORTS WORLDWIDE, INC.: 512,000 shares worth $42.7M.
- Litespeed Management added most to Humana in Q1 2016, an estimated $20.6M increase.
- Litespeed Management's biggest Q1 2016 reduction was FTD Companies, Inc. Common Stock, cutting an estimated $10.2M.
- Litespeed Management fully exited MEDASSETS INC COM STK (DE) in Q1 2016, selling an estimated $93.5M.
- Litespeed Management's ten largest holdings make up 81% of its $512M portfolio in Q1 2016.
- Litespeed Management opened 9 new positions and closed 9 in Q1 2016.
- Litespeed Management's portfolio value fell 25% quarter-over-quarter to $512M.
Based on Litespeed Management's 13F filing for Q1 2016, filed 16 May 2016.