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Spindletop Capital Portfolio holdings
AUM
$8.71M
1-Year Est. Return
19.22%
This Fund
S&P 500
This Quarter
Est. Return
-0.53%
1 Year Est. Return
-19.22%
3 Year Est. Return
-18.54%
5 Year Est. Return
+11.25%
10 Year Est. Return
–
AUM
$65.9M
AUM Growth
-$46.5M
(-41%)
Cap. Flow
-$46.6M
Cap. Flow
% of AUM
-70.77%
Top 10 Holdings %
Top 10 Hldgs %
99.13%
Holding
16
New
3
Increased
1
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBNY
Signature Bank
SBNY
|
+$200K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIVB
SVB Financial Group
SIVB
|
+$14.8M |
| 2 |
Texas Capital Bancshares
TCBI
|
+$10.1M |
| 3 |
Bankunited
BKU
|
+$9.82M |
| 4 |
Wells Fargo
WFC
|
+$5.36M |
| 5 |
GATX Corp
GATX
|
+$2.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 95.14% |
| 2 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
American International
AIG
$42.5B
| $14.8M | 22.48% |
280,000
| – | – |
|
2
US Bancorp
USB
$97.9B
| $11.7M | 17.75% |
290,000
| – | – |
|
3
Berkshire Hathaway Class B
BRK.B
$1.1T
| $10.1M | 15.38% |
70,000
| – | – |
|
|
SBNY
4
DELISTED
Signature Bank
SBNY
| $9.56M | 14.51% |
76,500
+1,500
| +2% | +$200K |
|
|
5
Wells Fargo
WFC
$254B
| $7.1M | 10.78% |
150,000
-110,000
| -42% | -$5.36M |
|
|
6
Texas Capital Bancshares
TCBI
$4.28B
| $5.84M | 8.87% |
125,000
-225,000
| -64% | -$10.1M |
|
|
7
Bankunited
BKU
$3.33B
| $3.53M | 5.36% |
115,000
-295,000
| -72% | -$9.82M |
|
|
AIG.WS
8
DELISTED
American International Group, Inc.
AIG.WS
| $1.43M | 2.17% |
76,500
-43,500
| -36% | -$780K |
|
|
WFC.WS
9
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $872K | 1.32% |
64,000
-98,000
| -60% | -$1.5M |
|
|
10
CALL
US Bancorp Series B Preferred Stock
USB.PRH
$747M
| $328K | 0.5% |
800
-1,150
| -59% | -$26.8K |
|
|
11
PUT
American International
AIG
$42.5B
| $239K | 0.36% |
+2,000
| New | +$110K |
|
|
12
PUT
US Bancorp Series B Preferred Stock
USB.PRH
$747M
| $230K | 0.35% |
+2,500
| New | +$58.2K |
|
|
13
PUT
Wells Fargo
WFC
$254B
| $104K | 0.16% |
+2,500
| New | +$122K |
|
|
14
GATX Corp
GATX
$6.45B
| – | – |
-50,000
| Closed | -$2.38M |
|
|
TAL
15
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| – | – |
-153,500
| Closed | -$2.37M |
|
|
SIVB
16
DELISTED
SVB Financial Group
SIVB
| – | – |
-145,000
| Closed | -$14.8M |
|
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Spindletop Capital's Q2 2016 Portfolio in Review
As of Q2 2016, Spindletop Capital held 16 positions worth $65.9M, down 41% from $112M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Spindletop Capital withdrew a net $46.6M in Q2 2016, closing 3 positions and reducing 6 holdings. Its most notable exit was SVB Financial Group, an estimated $14.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 95% of assets, up from 91% a quarter earlier, followed by Industrials.
Against the trend, Spindletop Capital added an estimated $200K to Signature Bank.
- Spindletop Capital added most to Signature Bank in Q2 2016, an estimated $200K increase.
- Spindletop Capital's biggest Q2 2016 reduction was Texas Capital Bancshares, cutting an estimated $10.1M.
- Spindletop Capital fully exited SVB Financial Group in Q2 2016, selling an estimated $14.8M.
- Spindletop Capital's ten largest holdings make up 99% of its $65.9M portfolio in Q2 2016.
- Spindletop Capital opened 3 new positions and closed 3 in Q2 2016.
- Spindletop Capital's portfolio value fell 41% quarter-over-quarter to $65.9M.
Based on Spindletop Capital's 13F filing for Q2 2016, filed 12 Aug 2016.