TCM
TCS Capital Management Portfolio holdings
AUM
$121M
Turnover
71.43%
1-Year Est. Return
72.39%
This Fund
S&P 500
This Quarter
Est. Return
+62.81%
1 Year Est. Return
+72.39%
3 Year Est. Return
+271.38%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$193M
AUM Growth
+$16M
(+9.1%)
Cap. Flow
-$43.8M
Cap. Flow
% of AUM
-22.71%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
27
New
4
Increased
1
Reduced
–
Closed
20
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.9
years
Top 20 Avg Time Held
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yelp
YELP
|
+$14.7M |
| 2 |
NVIDIA
NVDA
|
+$12.7M |
| 3 |
JD.com
JD
|
+$6.04M |
| 4 |
Vipshop
VIPS
|
+$4.77M |
| 5 |
JOYY Inc
JOYY
|
+$1.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$6.87M |
| 2 |
Walt Disney
DIS
|
+$6.24M |
| 3 |
Charter Communications
CHTR
|
+$5.07M |
| 4 |
Gray Television
GTN
|
+$5.04M |
| 5 |
Sprint Corporation
S
|
+$4.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 87.24% |
| 2 | Technology | 7.5% |
| 3 | Consumer Discretionary | 5.25% |
| 4 | Consumer Staples | 0% |
| 5 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Angi Inc
ANGI
$249M
| $75.7M | 39.26% |
591,528
| – | – |
2013 Q2
16 quarters
|
|
|
CETV
2
DELISTED
Central European Media Enterprises Ltd
CETV
| $72.5M | 37.65% |
18,137,023
| – | – |
2013 Q2
16 quarters
|
|
|
3
NVIDIA
NVDA
$5.32T
| $14.5M | 7.5% |
+4,000,000
| New | +$12.7M |
2017 Q2
0 quarters
|
|
|
4
Yelp
YELP
$1.04B
| $14.2M | 7.35% |
+472,000
| New | +$14.7M |
2017 Q2
0 quarters
|
|
|
5
JD.com
JD
$35.9B
| $6.28M | 3.26% |
+160,000
| New | +$6.04M |
2017 Q2
0 quarters
|
|
|
6
JOYY Inc
JOYY
$4.02B
| $5.75M | 2.98% |
99,000
+29,000
| +41% | +$1.54M |
2017 Q1
1 quarter
|
|
|
7
Vipshop
VIPS
$6.09B
| $3.85M | 2% |
+365,000
| New | +$4.77M |
2017 Q2
0 quarters
|
|
8
Alibaba
BABA
$276B
| – | – |
-33,000
| Closed | -$3.56M | – |
|
|
9
Charter Communications
CHTR
$11.9B
| – | – |
-15,500
| Closed | -$5.07M | – |
|
|
10
Walt Disney
DIS
$187B
| – | – |
-55,000
| Closed | -$6.24M | – |
|
11
8x8 Inc
EGHT
$289M
| – | – |
-230,000
| Closed | -$3.51M | – |
|
|
12
Gray Television
GTN
$442M
| – | – |
-347,500
| Closed | -$5.04M | – |
|
13
DELISTED
Interpublic Group of Companies
IPG
| – | – |
-155,000
| Closed | -$3.81M | – |
|
14
MGM Resorts International
MGM
$7.26B
| – | – |
-164,000
| Closed | -$4.49M | – |
|
15
Hello Group
MOMO
$678M
| – | – |
-106,000
| Closed | -$3.61M | – |
|
|
16
Netflix
NFLX
$293B
| – | – |
-465,000
| Closed | -$6.87M | – |
|
17
NetEase
NTES
$79.2B
| – | – |
-80,000
| Closed | -$4.54M | – |
|
18
Nexstar Media Group
NXST
$4.92B
| – | – |
-48,000
| Closed | -$3.37M | – |
|
19
Perdoceo Education
PRDO
$2.08B
| – | – |
-355,000
| Closed | -$3.09M | – |
|
20
PayPal
PYPL
$47.7B
| – | – |
-83,000
| Closed | -$3.57M | – |
|
21
T-Mobile US
TMUS
$169B
| – | – |
-59,000
| Closed | -$3.81M | – |
|
22
LendingTree
TREE
$335M
| – | – |
-28,500
| Closed | -$3.57M | – |
|
23
Wayfair
W
$14.3B
| – | – |
-98,000
| Closed | -$3.97M | – |
|
24
Nebius Group N.V.
NBIS
$50.1B
| – | – |
-152,000
| Closed | -$3.33M | – |
|
|
25
DELISTED
Sprint Corporation
S
| – | – |
-529,000
| Closed | -$4.59M | – |
|
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TCS Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, TCS Capital Management held 27 positions worth $193M, up 9.1% from $177M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
TCS Capital Management withdrew a net $43.8M in Q2 2017, closing 20 positions. Its most notable exit was Netflix, an estimated $6.87M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 87% of assets, up from 83% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, TCS Capital Management opened a new position in Yelp worth $14.2M.
- TCS Capital Management's largest Q2 2017 buy was Yelp: 472,000 shares worth $14.2M.
- TCS Capital Management added most to JOYY Inc in Q2 2017, an estimated $1.54M increase.
- TCS Capital Management fully exited Netflix in Q2 2017, selling an estimated $6.87M.
- TCS Capital Management's ten largest holdings make up 100% of its $193M portfolio in Q2 2017.
- TCS Capital Management opened 4 new positions and closed 20 in Q2 2017.
- TCS Capital Management's portfolio value rose 9.1% quarter-over-quarter to $193M.
Based on TCS Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.