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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
+5.5%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$516M
AUM Growth
+$3.82M
(+0.75%)
Cap. Flow
-$76.3M
Cap. Flow
% of AUM
-14.79%
Top 10 Holdings %
Top 10 Hldgs %
77.28%
Holding
26
New
8
Increased
3
Reduced
3
Closed
7
Top Buys
| 1 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$50.2M |
| 2 |
Viatris
VTRS
|
+$48.4M |
| 3 |
MKTO
MARKETO INC COM STK (DE)
MKTO
|
+$27.6M |
| 4 |
CST
CST Brands, Inc.
CST
|
+$22.9M |
| 5 |
RAD
Rite Aid Corporation
RAD
|
+$18.5M |
Top Sells
| 1 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$42.7M |
| 2 |
Globalstar
GSAT
|
+$30.8M |
| 3 |
ODP
ODP
ODP
|
+$25.5M |
| 4 |
AGN
Allergan plc
AGN
|
+$21.4M |
| 5 |
FTD
FTD Companies, Inc. Common Stock
FTD
|
+$9.14M |
Sector Composition
| 1 | Healthcare | 22.52% |
| 2 | Consumer Discretionary | 16.09% |
| 3 | Communication Services | 14.68% |
| 4 | Industrials | 6.68% |
| 5 | Real Estate | 4.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $55.5M | 10.75% |
+4,000
| New | +$830K |
|
|
BRSL
2
Brightstar Lottery PLC
BRSL
$2.02B
| $51.9M | 10.06% |
+2,771,928
| New | +$50.2M |
|
|
PPLI
3
People Inc
PPLI
$3.39B
| $50.3M | 9.75% |
5,001,522
-474,362
| -9% | -$4.39M |
|
|
4
Viatris
VTRS
$20.2B
| $47.3M | 9.17% |
+1,094,363
| New | +$48.4M |
|
5
Humana
HUM
$46.4B
| $36.7M | 7.11% |
204,000
| – | – |
|
|
MKTO
6
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $34.8M | 6.74% |
+998,796
| New | +$27.6M |
|
|
VSI
7
DELISTED
Vitamin Shoppe Inc.
VSI
| $32.6M | 6.31% |
1,064,978
-176,689
| -14% | -$5.23M |
|
8
Innoviva
INVA
$1.64B
| $31.4M | 6.08% |
2,979,212
| – | – |
|
|
CST
9
DELISTED
CST Brands, Inc.
CST
| $31.1M | 6.03% |
722,477
+578,820
| +403% | +$22.9M |
|
|
RAD
10
DELISTED
Rite Aid Corporation
RAD
| $27.2M | 5.28% |
181,855
+117,296
| +182% | +$18.5M |
|
|
FTD
11
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $25.5M | 4.94% |
1,021,788
-346,052
| -25% | -$9.14M |
|
|
MEG
12
DELISTED
Media General, Inc
MEG
| $25.5M | 4.93% |
1,481,473
| – | – |
|
|
RESI
13
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $24.8M | 4.8% |
2,694,504
| – | – |
|
14
PUT
United States Oil Fund
USO
$2.54B
| $15.2M | 2.95% |
+1,900
| New | +$170K |
|
|
FOE
15
PUT
DELISTED
Ferro Corporation
FOE
| $10.8M | 2.09% |
+7,852
| New | +$104K |
|
|
AH
16
DELISTED
Accretive Health
AH
| $8.95M | 1.73% |
4,476,021
+679,000
| +18% | +$1.36M |
|
|
IMPV
17
DELISTED
Imperva, Inc.
IMPV
| $4.09M | 0.79% |
+95,000
| New | +$3.99M |
|
|
DYN.WS
18
DELISTED
Dynegy Inc,
DYN.WS
| $1.66M | 0.32% |
4,664,219
| – | – |
|
19
Pacira BioSciences
PCRX
$1.01B
| $843K | 0.16% |
+25,000
| New | +$1.23M |
|
|
20
Globalstar
GSAT
$10.2B
| – | – |
-1,394,817
| Closed | -$30.8M |
|
|
ODP
21
DELISTED
ODP
ODP
| – | – |
-358,560
| Closed | -$25.5M |
|
|
HNGR
22
DELISTED
Hanger Inc.
HNGR
| – | – |
-77,362
| Closed | -$503K |
|
|
AGN
23
DELISTED
Allergan plc
AGN
| – | – |
-80,000
| Closed | -$21.4M |
|
|
HOT
24
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| – | – |
-512,000
| Closed | -$42.7M |
|
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Litespeed Management's Q2 2016 Portfolio in Review
As of Q2 2016, Litespeed Management held 26 positions worth $516M, up 0.75% from $512M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Litespeed Management withdrew a net $76.3M in Q2 2016, closing 7 positions and reducing 3 holdings. Its most notable exit was STARWOOD HOTELS & RESORTS WORLDWIDE, INC., an estimated $42.7M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Litespeed Management opened a new position in Brightstar Lottery PLC worth $51.9M.
- Litespeed Management's largest Q2 2016 buy was Brightstar Lottery PLC: 2,771,928 shares worth $51.9M.
- Litespeed Management added most to CST Brands, Inc. in Q2 2016, an estimated $22.9M increase.
- Litespeed Management's biggest Q2 2016 reduction was FTD Companies, Inc. Common Stock, cutting an estimated $9.14M.
- Litespeed Management fully exited STARWOOD HOTELS & RESORTS WORLDWIDE, INC. in Q2 2016, selling an estimated $42.7M.
- Litespeed Management's ten largest holdings make up 77% of its $516M portfolio in Q2 2016.
- Litespeed Management opened 8 new positions and closed 7 in Q2 2016.
- Litespeed Management's portfolio value rose 0.75% quarter-over-quarter to $516M.
Based on Litespeed Management's 13F filing for Q2 2016, filed 15 Aug 2016.