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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
+8.48%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$250M
AUM Growth
-$266M
(-51%)
Cap. Flow
-$197M
Cap. Flow % of AUM
Cap. Flow %
-78.75%
Top 10 Holdings %
Top 10 Hldgs %
99.82%
Holding
25
New
6
Increased
3
Reduced
–
Closed
13
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.1
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IMPV
Imperva, Inc.
IMPV
|
+$39.4M |
| 2 |
SYT
Syngenta Ag
SYT
|
+$23.2M |
| 3 |
RAD
Rite Aid Corporation
RAD
|
+$7.08M |
| 4 |
Vishay Precision Group
VPG
|
+$5.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brightstar Lottery PLC
BRSL
|
+$51.9M |
| 2 |
People Inc
PPLI
|
+$50.3M |
| 3 |
Viatris
VTRS
|
+$47.3M |
| 4 |
Humana
HUM
|
+$36.7M |
| 5 |
MKTO
MARKETO INC COM STK (DE)
MKTO
|
+$34.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 29.42% |
| 2 | Healthcare | 27.16% |
| 3 | Technology | 22.68% |
| 4 | Communication Services | 10.91% |
| 5 | Materials | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
IMPV
1
DELISTED
Imperva, Inc.
IMPV
| $50.7M | 20.25% |
943,915
+848,915
| +894% | +$39.4M |
2016 Q2
1 quarter
|
|
|
RAD
2
DELISTED
Rite Aid Corporation
RAD
| $35.3M | 14.08% |
229,286
+47,431
| +26% | +$7.08M |
2016 Q1
2 quarters
|
|
3
Innoviva
INVA
$1.35B
| $32.7M | 13.08% |
2,979,212
| – | – |
2014 Q3
8 quarters
|
|
4
DELISTED
Media General, Inc
MEG
| $27.3M | 10.91% |
1,481,473
| – | – |
2016 Q1
2 quarters
|
|
|
SYT
5
DELISTED
Syngenta Ag
SYT
| $24.6M | 9.83% |
+281,000
| New | +$23.2M |
2016 Q3
0 quarters
|
|
|
6
Vishay Precision Group
VPG
$647M
| $6.08M | 2.43% |
+379,623
| New | +$5.54M |
2016 Q3
0 quarters
|
|
7
DELISTED
Dynegy Inc,
DYN.WS
| $746K | 0.3% |
4,664,219
| – | – |
2013 Q3
12 quarters
|
|
8
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $425K | 0.17% |
7,000
+3,000
| +75% | +$648K |
2016 Q2
1 quarter
|
|
9
PUT
iShares Russell 2000 ETF
IWM
$78B
| $24K | 0.01% |
+1,250
| New | +$152K |
2016 Q3
0 quarters
|
|
|
10
Humana
HUM
$52.1B
| – | – |
-204,000
| Closed | -$36.7M | – |
|
|
11
People Inc
PPLI
$3.23B
| – | – |
-5,001,522
| Closed | -$50.3M | – |
|
|
12
Brightstar Lottery PLC
BRSL
$1.8B
| – | – |
-2,771,928
| Closed | -$51.9M | – |
|
13
Pacira BioSciences
PCRX
$1.46B
| – | – |
-25,000
| Closed | -$843K | – |
|
14
PUT
United States Oil Fund
USO
$1.84B
| – | – |
-1,900
| Closed | -$15.2M | – |
|
|
15
Viatris
VTRS
$23.3B
| – | – |
-1,094,363
| Closed | -$47.3M | – |
|
|
FOE
16
PUT
DELISTED
Ferro Corporation
FOE
| – | – |
-7,852
| Closed | -$10.8M | – |
|
|
VSI
17
DELISTED
Vitamin Shoppe Inc.
VSI
| – | – |
-1,064,978
| Closed | -$32.6M | – |
|
|
FTD
18
DELISTED
FTD Companies, Inc. Common Stock
FTD
| – | – |
-1,021,788
| Closed | -$25.5M | – |
|
|
CST
19
DELISTED
CST Brands, Inc.
CST
| – | – |
-722,477
| Closed | -$31.1M | – |
|
|
MKTO
20
DELISTED
MARKETO INC COM STK (DE)
MKTO
| – | – |
-998,796
| Closed | -$34.8M | – |
|
|
AH
21
DELISTED
Accretive Health
AH
| – | – |
-4,476,021
| Closed | -$8.95M | – |
|
|
RESI
22
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| – | – |
-2,694,504
| Closed | -$24.8M | – |
|
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NBG
Litespeed Management's Q3 2016 Portfolio in Review
As of Q3 2016, Litespeed Management held 25 positions worth $250M, down 51% from $516M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Litespeed Management withdrew a net $197M in Q3 2016, closing 13 positions. Its most notable exit was Brightstar Lottery PLC, an estimated $51.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 29% of assets, up from 23% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Litespeed Management opened a new position in Syngenta Ag worth $24.6M.
- Litespeed Management's largest Q3 2016 buy was Syngenta Ag: 281,000 shares worth $24.6M.
- Litespeed Management added most to Imperva, Inc. in Q3 2016, an estimated $39.4M increase.
- Litespeed Management fully exited Brightstar Lottery PLC in Q3 2016, selling an estimated $51.9M.
- Litespeed Management's ten largest holdings make up 100% of its $250M portfolio in Q3 2016.
- Litespeed Management opened 6 new positions and closed 13 in Q3 2016.
- Litespeed Management's portfolio value fell 51% quarter-over-quarter to $250M.
Based on Litespeed Management's 13F filing for Q3 2016, filed 14 Nov 2016.