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Smithwood Advisers Portfolio holdings
AUM
$241M
1-Year Est. Return
16.29%
This Fund
S&P 500
This Quarter
Est. Return
+2.15%
1 Year Est. Return
+16.29%
3 Year Est. Return
+23.35%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$700M
AUM Growth
-$274M
(-28%)
Cap. Flow
-$114M
Cap. Flow
% of AUM
-16.24%
Top 10 Holdings %
Top 10 Hldgs %
83.29%
Holding
29
New
9
Increased
2
Reduced
4
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$87.7M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$48.8M |
| 3 |
AerCap
AER
|
+$47.4M |
| 4 |
Macy's
M
|
+$29.1M |
| 5 |
Delta Air Lines
DAL
|
+$21.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Airlines Group
AAL
|
+$106M |
| 2 |
Micron Technology
MU
|
+$53.3M |
| 3 |
Applied Materials
AMAT
|
+$45.1M |
| 4 |
American Express
AXP
|
+$43M |
| 5 |
Newell Brands
NWL
|
+$32.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 15.78% |
| 2 | Technology | 15.3% |
| 3 | Energy | 12.75% |
| 4 | Healthcare | 12.14% |
| 5 | Industrials | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CF Industries
CF
$17.4B
| $98.2M | 14.02% |
1,527,888
-222,112
| -13% | -$13.5M |
|
2
YPF Sociedad Anonima ADS
YPF
$20.4B
| $89.3M | 12.75% |
3,255,600
| – | – |
|
3
Microsoft
MSFT
$3.83T
| $88.3M | 12.61% |
2,000,000
| – | – |
|
|
4
Perrigo
PRGO
$2.14B
| $85M | 12.14% |
+460,000
| New | +$87.7M |
|
|
5
AerCap
AER
$23.5B
| $45.8M | 6.54% |
+1,000,000
| New | +$47.4M |
|
|
DYN
6
DELISTED
Dynegy, Inc.
DYN
| $43.9M | 6.26% |
+1,500,000
| New | +$48.8M |
|
|
DISH
7
DELISTED
DISH Network Corp.
DISH
| $42.7M | 6.09% |
630,000
-70,000
| -10% | -$4.89M |
|
|
8
Newell Brands
NWL
$2.31B
| $32.9M | 4.7% |
800,000
-810,000
| -50% | -$32.5M |
|
|
9
Macy's
M
$5.91B
| $29M | 4.14% |
+430,000
| New | +$29.1M |
|
|
10
CALL
Micron Technology
MU
$1.22T
| $28.3M | 4.03% |
1,500,000
+1,000,000
| +200% | +$26.7M |
|
|
11
Delta Air Lines
DAL
$55.9B
| $20.5M | 2.93% |
+500,000
| New | +$21.9M |
|
|
12
Micron Technology
MU
$1.22T
| $18.8M | 2.69% |
1,000,000
-2,000,000
| -67% | -$53.3M |
|
13
CALL
MGM Resorts International
MGM
$8.2B
| $18.3M | 2.61% |
+1,000,000
| New | +$20.3M |
|
|
14
MGM Resorts International
MGM
$8.2B
| $18.3M | 2.61% |
+1,000,000
| New | +$20.3M |
|
15
Capri Holdings
CPRI
$1.72B
| $12.6M | 1.8% |
+300,000
| New | +$16.9M |
|
16
Element Solutions
ESI
$8.7B
| $12.3M | 1.76% |
+481,000
| New | +$13M |
|
|
CZR
17
DELISTED
Caesars Entertainment Corporation
CZR
| $6.07M | 0.87% |
992,100
+292,100
| +42% | +$2.64M |
|
|
18
American Airlines Group
AAL
$9.18B
| – | – |
-2,000,000
| Closed | -$106M |
|
|
19
Applied Materials
AMAT
$385B
| – | – |
-2,000,000
| Closed | -$45.1M |
|
|
20
American Express
AXP
$209B
| – | – |
-550,000
| Closed | -$43M |
|
21
Comcast
CMCSA
$77.8B
| – | – |
-1,000,000
| Closed | -$28.2M |
|
22
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.6B
| – | – |
-2,000,000
| Closed | -$80.3M |
|
|
23
CALL
Microsoft
MSFT
$3.83T
| – | – |
-2,000,000
| Closed | -$81.3M |
|
|
PARA
24
DELISTED
Paramount Global Class B
PARA
| – | – |
-250,000
| Closed | -$15.2M |
|
|
SUNE
25
DELISTED
SUNEDISON, INC COM
SUNE
| – | – |
-550,000
| Closed | -$13.2M |
|
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Smithwood Advisers's Q2 2015 Portfolio in Review
As of Q2 2015, Smithwood Advisers held 29 positions worth $700M, down 28% from $974M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Smithwood Advisers withdrew a net $114M in Q2 2015, closing 11 positions and reducing 4 holdings. Its most notable exit was American Airlines Group, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Materials at 16% of assets, up from 10% a quarter earlier, followed by Technology and Energy.
Against the trend, Smithwood Advisers opened a new position in Perrigo worth $85M.
- Smithwood Advisers's largest Q2 2015 buy was Perrigo: 460,000 shares worth $85M.
- Smithwood Advisers added most to Caesars Entertainment Corporation in Q2 2015, an estimated $2.64M increase.
- Smithwood Advisers's biggest Q2 2015 reduction was Micron Technology, cutting an estimated $53.3M.
- Smithwood Advisers fully exited American Airlines Group in Q2 2015, selling an estimated $106M.
- Smithwood Advisers's ten largest holdings make up 83% of its $700M portfolio in Q2 2015.
- Smithwood Advisers opened 9 new positions and closed 11 in Q2 2015.
- Smithwood Advisers's portfolio value fell 28% quarter-over-quarter to $700M.
Based on Smithwood Advisers's 13F filing for Q2 2015, filed 14 Aug 2015.