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TSP

Tappan Street Partners Portfolio holdings

AUM $35.7M
1-Year Est. Return 42.68%
This Fund
S&P 500
This Quarter Est. Return
+4.12%
1 Year Est. Return
+42.68%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$34.2M
AUM Growth
-$5.72M
Cap. Flow
-$6.3M
Cap. Flow %
-18.42%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
3
Reduced
3
Closed
3

Top Buys

Rank Stock Value
1
CDMO
Avid Bioservices, Inc. Common Stock
CDMO
+$3.04M
2
HIL
Hill International, Inc. Common Stock
HIL
+$1.55M
3
HDSN
Hudson Technologies
HDSN
+$887K

Top Sells

Rank Stock Value
1
CCN
CardConnect Corp.
CCN
+$3.39M
2
BLBD icon
Blue Bird Corp
BLBD
+$2.81M
3
SPA
Sparton
SPA
+$1.97M
4
ADNT icon
Adient
ADNT
+$1.36M
5
VOYA icon
Voya Financial
VOYA
+$1.09M

Sector Composition

Rank Sector Weight
1 Healthcare 20.61%
2 Consumer Discretionary 20.08%
3 Financials 17.8%
4 Industrials 13.69%
5 Materials 13.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CDMO
1
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
$7.05M 20.61%
1,656,219
+741,933
+81% +$3.04M
ADNT icon
2
Adient
ADNT
$1.6B
$6.87M 20.08%
105,000
-20,000
-16% -$1.36M
VOYA icon
3
Voya Financial
VOYA
$8.94B
$6.09M 17.8%
165,000
-30,000
-15% -$1.09M
HIL
4
DELISTED
Hill International, Inc. Common Stock
HIL
$4.68M 13.69%
900,000
+341,530
+61% +$1.55M
HDSN
5
Hudson Technologies
HDSN
$267M
$4.65M 13.59%
550,000
+115,954
+27% +$887K
SPA
6
DELISTED
Sparton
SPA
$3.96M 11.57%
180,000
-100,000
-36% -$1.97M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$3.9T
$909K 2.66%
20,000
– –
BLBD icon
8
Blue Bird Corp
BLBD
$2.41B
– –
-164,100
Closed -$2.81M
SPA
9
CALL
DELISTED
Sparton
SPA
– –
-54,500
Closed -$1.14M
CCN
10
DELISTED
CardConnect Corp.
CCN
– –
-257,116
Closed -$3.39M

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Tappan Street Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Tappan Street Partners held 10 positions worth $34.2M, down 14% from $39.9M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Tappan Street Partners withdrew a net $6.3M in Q2 2017, closing 3 positions and reducing 3 holdings. Its most notable exit was CardConnect Corp., an estimated $3.39M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 10% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Tappan Street Partners added an estimated $3.04M to Avid Bioservices, Inc. Common Stock.

  • Tappan Street Partners added most to Avid Bioservices, Inc. Common Stock in Q2 2017, an estimated $3.04M increase.
  • Tappan Street Partners's biggest Q2 2017 reduction was Sparton, cutting an estimated $1.97M.
  • Tappan Street Partners fully exited CardConnect Corp. in Q2 2017, selling an estimated $3.39M.
  • Tappan Street Partners's ten largest holdings make up 100% of its $34.2M portfolio in Q2 2017.
  • Tappan Street Partners opened 0 new positions and closed 3 in Q2 2017.
  • Tappan Street Partners's portfolio value fell 14% quarter-over-quarter to $34.2M.

Based on Tappan Street Partners's 13F filing for Q2 2017, filed 14 Aug 2017.