Reynolds Capital Management Portfolio holdings

Reynolds Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Reynolds Capital Management held 297 positions worth $115M, down 4.5% from $120M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Reynolds Capital Management withdrew a net $12.6M in Q1 2015, closing 61 positions and reducing 95 holdings. Its most notable exit was American Airlines Group, an estimated $665K position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 24% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Reynolds Capital Management opened a new position in Broadridge worth $517K.

• Reynolds Capital Management's largest Q1 2015 buy was Broadridge: 9,400 shares worth $517K.
• Reynolds Capital Management added most to Starbucks in Q1 2015, an estimated $2.42M increase.
• Reynolds Capital Management's biggest Q1 2015 reduction was Apple, cutting an estimated $1.87M.
• Reynolds Capital Management fully exited American Airlines Group in Q1 2015, selling an estimated $665K.
• Reynolds Capital Management's ten largest holdings make up 18% of its $115M portfolio in Q1 2015.
• Reynolds Capital Management opened 59 new positions and closed 61 in Q1 2015.
• Reynolds Capital Management's portfolio value fell 4.5% quarter-over-quarter to $115M.

Based on Reynolds Capital Management's 13F filing for Q1 2015, filed 13 Apr 2015.