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TCM
TAM Capital Management Portfolio holdings
AUM
$205M
1-Year Est. Return
28.94%
This Fund
S&P 500
This Quarter
Est. Return
-2.57%
1 Year Est. Return
-28.94%
3 Year Est. Return
+0.76%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$278M
AUM Growth
+$106M
(+62%)
Cap. Flow
+$117M
Cap. Flow
% of AUM
42.08%
Top 10 Holdings %
Top 10 Hldgs %
95.18%
Holding
22
New
5
Increased
6
Reduced
3
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qualcomm
QCOM
|
+$56.5M |
| 2 |
Delta Air Lines
DAL
|
+$4.37M |
| 3 |
ALTR
Altera Corp
ALTR
|
+$4.13M |
| 4 |
Western Digital
WDC
|
+$3.61M |
| 5 |
United Airlines
UAL
|
+$2.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PHH
PHH Corporation
PHH
|
+$25.8M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$17M |
| 3 |
Amdocs
DOX
|
+$11.8M |
| 4 |
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
|
+$2.99M |
| 5 |
Invesco Municipal Opportunity Trust
VMO
|
+$2.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.73% |
| 2 | Materials | 4.39% |
| 3 | Industrials | 4.1% |
| 4 | Healthcare | 4.1% |
| 5 | Consumer Discretionary | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Qualcomm
QCOM
$155B
| $64.4M | 23.16% |
1,028,372
+828,699
| +415% | +$56.5M |
|
|
DTV
2
DELISTED
DIRECTV COM STK (DE)
DTV
| $59.8M | 21.51% |
644,623
+30,859
| +5% | +$2.79M |
|
|
3
CALL
Qualcomm
QCOM
$155B
| $53M | 19.07% |
+846,600
| New | +$57.8M |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| $41.2M | 14.81% |
+200,000
| New | +$42.1M |
|
|
BERY
5
DELISTED
Berry Global Group, Inc.
BERY
| $12.2M | 4.4% |
410,754
+79,980
| +24% | +$2.51M |
|
|
HSP
6
DELISTED
HOSPIRA INC
HSP
| $11M | 3.95% |
123,684
+23,756
| +24% | +$2.09M |
|
|
7
Western Digital
WDC
$188B
| $8.48M | 3.05% |
143,047
+50,437
| +54% | +$3.61M |
|
|
OCSI
8
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $5.42M | 1.95% |
587,634
+115,973
| +25% | +$1.2M |
|
9
Timken Company
TKR
$9.56B
| $4.6M | 1.65% |
125,711
| – | – |
|
|
ALTR
10
DELISTED
Altera Corp
ALTR
| $4.54M | 1.63% |
+88,610
| New | +$4.13M |
|
|
11
Delta Air Lines
DAL
$57.5B
| $4.11M | 1.48% |
+100,000
| New | +$4.37M |
|
12
Ball Corp
BALL
$17.3B
| $3.7M | 1.33% |
105,380
-14,620
| -12% | -$528K |
|
|
13
United Airlines
UAL
$39.4B
| $2.7M | 0.97% |
+51,016
| New | +$2.95M |
|
|
14
Invesco Municipal Opportunity Trust
VMO
$651M
| $2.48M | 0.89% |
203,147
-225,896
| -53% | -$2.85M |
|
15
MediWound
MDWD
$181M
| $417K | 0.15% |
8,430
-1,355
| -14% | -$58.9K |
|
|
16
Amdocs
DOX
$5.92B
| – | – |
-216,615
| Closed | -$11.8M |
|
|
17
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
| – | – |
-228,893
| Closed | -$2.99M |
|
|
18
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-80,824
| Closed | -$17M |
|
19
Invesco Municipal Trust
VKQ
$541M
| – | – |
-47,081
| Closed | -$603K |
|
|
PHH
20
DELISTED
PHH Corporation
PHH
| – | – |
-1,067,708
| Closed | -$25.8M |
|
|
NXK
21
DELISTED
NUVEEN N.Y. DIV ADV MUNI FD
NXK
| – | – |
-36,499
| Closed | -$506K |
|
|
ONE
22
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| – | – |
-366,721
| Closed | -$887K |
|
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AFTS
TAM Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, TAM Capital Management held 22 positions worth $278M, up 62% from $172M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
TAM Capital Management deployed $117M of net new capital in Q2 2015, opening 5 new positions and adding to 6 existing holdings. Its largest new stake was Delta Air Lines: 100,000 shares worth $4.11M.
By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 49% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Invesco Municipal Opportunity Trust, an estimated $2.85M trimmed.
- TAM Capital Management's largest Q2 2015 buy was Delta Air Lines: 100,000 shares worth $4.11M.
- TAM Capital Management added most to Qualcomm in Q2 2015, an estimated $56.5M increase.
- TAM Capital Management's biggest Q2 2015 reduction was Invesco Municipal Opportunity Trust, cutting an estimated $2.85M.
- TAM Capital Management fully exited PHH Corporation in Q2 2015, selling an estimated $25.8M.
- TAM Capital Management's ten largest holdings make up 95% of its $278M portfolio in Q2 2015.
- TAM Capital Management opened 5 new positions and closed 7 in Q2 2015.
- TAM Capital Management's portfolio value rose 62% quarter-over-quarter to $278M.
Based on TAM Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.