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Thrax Management Portfolio holdings

AUM $547M
1-Year Est. Return 26.41%
This Fund
S&P 500
This Quarter Est. Return
-0.1%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$547M
AUM Growth
+$267M
Cap. Flow
+$210M
Cap. Flow %
38.36%
Top 10 Hldgs %
29.6%
Holding
265
New
130
Increased
24
Reduced
23
Closed
85

Top Buys

Rank Stock Value
1
GIMO
Gigamon Inc.
GIMO
+$14.6M
2
YUM icon
Yum! Brands
YUM
+$7.56M
3
V icon
Visa
V
+$6.9M
4
GDDY icon
GoDaddy
GDDY
+$6.47M
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$6.35M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$13.7M
2
CHTR icon
Charter Communications
CHTR
+$10.5M
3
QCOM icon
Qualcomm
QCOM
+$7.82M
4
AMZN icon
Amazon
AMZN
+$7.67M
5
JOYY
JOYY Inc
JOYY
+$7.47M

Sector Composition

Rank Sector Weight
1 Technology 19.66%
2 Communication Services 15.75%
3 Financials 5.75%
4 Consumer Discretionary 4.29%
5 Consumer Staples 1.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KEYW
251
PUT
DELISTED
The KEYW Holding Corporation
KEYW
– –
-15,000
Closed -$30K
CXRX
252
DELISTED
Concordia International Corp. Common Stock
CXRX
– –
-93,093
Closed -$417K
CXRX
253
PUT
DELISTED
Concordia International Corp. Common Stock
CXRX
– –
-25,000
Closed -$509K
MENT
254
DELISTED
Mentor Graphics Corp
MENT
– –
-60,000
Closed -$1.59M
EVDY
255
CALL
DELISTED
Everyday Health, Inc.
EVDY
– –
-12,000
Closed -$22K
EVDY
256
DELISTED
Everyday Health, Inc.
EVDY
– –
-45,000
Closed -$346K
ATVI
257
DELISTED
Activision Blizzard
ATVI
– –
-109,000
Closed -$4.83M
CHU
258
DELISTED
China Unicom (HONG KONG) Limited
CHU
– –
-101,646
Closed -$1.24M
CY
259
DELISTED
Cypress Semiconductor
CY
– –
-91,700
Closed -$1.11M
LXK
260
DELISTED
Lexmark Intl Inc
LXK
– –
-12,000
Closed -$480K
SCTY
261
PUT
DELISTED
SolarCity Corporation
SCTY
– –
-275,400
Closed -$492K
STMP
262
DELISTED
Stamps.com, Inc.
STMP
– –
-20,000
Closed -$1.89M
RHT
263
PUT
DELISTED
Red Hat Inc
RHT
– –
-40,000
Closed -$17K
7 8 9 10
11

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Thrax Management's Q4 2016 Portfolio in Review

As of Q4 2016, Thrax Management held 265 positions worth $547M, up 95% from $280M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Thrax Management deployed $210M of net new capital in Q4 2016, opening 130 new positions and adding to 24 existing holdings. Its largest new stake was Gigamon Inc.: 280,730 shares worth $12.8M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 29% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Charter Communications, an estimated $10.5M trimmed.

  • Thrax Management's largest Q4 2016 buy was Gigamon Inc.: 280,730 shares worth $12.8M.
  • Thrax Management added most to Visa in Q4 2016, an estimated $6.9M increase.
  • Thrax Management's biggest Q4 2016 reduction was Charter Communications, cutting an estimated $10.5M.
  • Thrax Management fully exited Alibaba in Q4 2016, selling an estimated $13.7M.
  • Thrax Management's ten largest holdings make up 30% of its $547M portfolio in Q4 2016.
  • Thrax Management opened 130 new positions and closed 85 in Q4 2016.
  • Thrax Management's portfolio value rose 95% quarter-over-quarter to $547M.

Based on Thrax Management's 13F filing for Q4 2016, filed 16 Feb 2017.