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Litespeed Management Portfolio holdings
AUM
$48.2M
1-Year Est. Return
9.81%
This Fund
S&P 500
This Quarter
Est. Return
+8.73%
1 Year Est. Return
-9.81%
3 Year Est. Return
+73.69%
5 Year Est. Return
+51.88%
10 Year Est. Return
–
AUM
$88.5M
AUM Growth
-$9.99M
(-10%)
Cap. Flow
-$13.1M
Cap. Flow
% of AUM
-14.84%
Top 10 Holdings %
Top 10 Hldgs %
95.79%
Holding
15
New
5
Increased
4
Reduced
2
Closed
3
Top Buys
| 1 |
Howmet Aerospace
HWM
|
+$6.34M |
| 2 |
CZR
Caesars Entertainment Corporation
CZR
|
+$6.11M |
| 3 |
AVYA
Avaya Holdings Corp. Common Stock
AVYA
|
+$4.63M |
| 4 |
CRAY
Cray, Inc.
CRAY
|
+$3.06M |
| 5 |
E.W. Scripps
SSP
|
+$815K |
Top Sells
| 1 |
RCM
R1 RCM Inc. Common Stock
RCM
|
+$11.1M |
| 2 |
TIVO
Tivo Inc
TIVO
|
+$10.2M |
| 3 |
TGNA
TEGNA Inc
TGNA
|
+$6.2M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$4.77M |
| 5 |
Papa John's
PZZA
|
+$3.45M |
Sector Composition
| 1 | Industrials | 42.68% |
| 2 | Consumer Discretionary | 14.94% |
| 3 | Financials | 10.02% |
| 4 | Consumer Staples | 9.67% |
| 5 | Communication Services | 8.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RCM
1
DELISTED
R1 RCM Inc. Common Stock
RCM
| $20.7M | 23.42% |
1,647,125
-986,189
| -37% | -$11.1M |
|
|
NLSN
2
DELISTED
Nielsen Holdings plc
NLSN
| $9.59M | 10.85% |
424,500
+15,000
| +4% | +$363K |
|
3
Genworth Financial
GNW
$3.86B
| $8.86M | 10.02% |
2,388,769
+198,838
| +9% | +$705K |
|
4
Bunge Global
BG
$22.5B
| $8.55M | 9.67% |
153,500
| – | – |
|
|
CZR
5
DELISTED
Caesars Entertainment Corporation
CZR
| $7.62M | 8.62% |
+645,000
| New | +$6.11M |
|
|
6
Howmet Aerospace
HWM
$109B
| $7.44M | 8.41% |
+375,552
| New | +$6.34M |
|
|
7
E.W. Scripps
SSP
$284M
| $7.38M | 8.35% |
483,000
+43,546
| +10% | +$815K |
|
|
8
Papa John's
PZZA
$1.08B
| $5.59M | 6.32% |
125,000
-70,000
| -36% | -$3.45M |
|
|
UNIT
9
Uniti Group
UNIT
$2.68B
| $5.37M | 6.07% |
565,000
+29,578
| +6% | +$323K |
|
|
AVYA
10
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $3.61M | 4.08% |
+303,000
| New | +$4.63M |
|
|
CRAY
11
DELISTED
Cray, Inc.
CRAY
| $3.45M | 3.9% |
+99,000
| New | +$3.06M |
|
|
QHC
12
DELISTED
Quorum Health Corporation
QHC
| $274K | 0.31% |
+196,820
| New | +$323K |
|
|
13
Bristol-Myers Squibb
BMY
$124B
| – | – |
-100,000
| Closed | -$4.77M |
|
|
TGNA
14
DELISTED
TEGNA Inc
TGNA
| – | – |
-440,000
| Closed | -$6.2M |
|
|
TIVO
15
DELISTED
Tivo Inc
TIVO
| – | – |
-1,098,486
| Closed | -$10.2M |
|
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Litespeed Management's Q2 2019 Portfolio in Review
As of Q2 2019, Litespeed Management held 15 positions worth $88.5M, down 10% from $98.4M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Litespeed Management withdrew a net $13.1M in Q2 2019, closing 3 positions and reducing 2 holdings. Its most notable exit was Tivo Inc, an estimated $10.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, down from 46% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Litespeed Management opened a new position in Howmet Aerospace worth $7.44M.
- Litespeed Management's largest Q2 2019 buy was Howmet Aerospace: 375,552 shares worth $7.44M.
- Litespeed Management added most to E.W. Scripps in Q2 2019, an estimated $815K increase.
- Litespeed Management's biggest Q2 2019 reduction was R1 RCM Inc. Common Stock, cutting an estimated $11.1M.
- Litespeed Management fully exited Tivo Inc in Q2 2019, selling an estimated $10.2M.
- Litespeed Management's ten largest holdings make up 96% of its $88.5M portfolio in Q2 2019.
- Litespeed Management opened 5 new positions and closed 3 in Q2 2019.
- Litespeed Management's portfolio value fell 10% quarter-over-quarter to $88.5M.
Based on Litespeed Management's 13F filing for Q2 2019, filed 14 Aug 2019.