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TM
Thrax Management Portfolio holdings
AUM
$547M
1-Year Est. Return
26.41%
This Fund
S&P 500
This Quarter
Est. Return
+1.17%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$641M
AUM Growth
+$156M
(+32%)
Cap. Flow
+$138M
Cap. Flow
% of AUM
21.47%
Top 10 Holdings %
Top 10 Hldgs %
44.71%
Holding
156
New
72
Increased
26
Reduced
13
Closed
43
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$18.9M |
| 2 |
Kraft Heinz
KHC
|
+$16M |
| 3 |
Meta Platforms (Facebook)
META
|
+$13.6M |
| 4 |
Constellation Brands
STZ
|
+$13.6M |
| 5 |
Lowe's Companies
LOW
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
QUNR
Qunar Cayman Islands Limited
QUNR
|
+$58.6M |
| 2 |
Equinix
EQIX
|
+$15.6M |
| 3 |
Amazon
AMZN
|
+$12.1M |
| 4 |
ELLI
Ellie Mae Inc
ELLI
|
+$12M |
| 5 |
Interactive Brokers
IBKR
|
+$12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.4% |
| 2 | Technology | 17.43% |
| 3 | Consumer Discretionary | 8.57% |
| 4 | Consumer Staples | 5.72% |
| 5 | Financials | 3.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRG
26
Seritage Growth Properties
SRG
$136M
| $6.78M | 1.06% |
135,594
+84,594
| +166% | +$3.51M |
|
|
LVLT
27
DELISTED
Level 3 Communications Inc
LVLT
| $5.89M | 0.92% |
+111,414
| New | +$5.5M |
|
28
PUT
Lumen
LUMN
$6.57B
| $5.75M | 0.9% |
+180,000
| New | +$5.05M |
|
29
Varonis Systems
VRNS
$4.59B
| $5.71M | 0.89% |
938,259
+318,660
| +51% | +$1.87M |
|
|
30
Amazon
AMZN
$2.92T
| $5.7M | 0.89% |
192,160
-427,000
| -69% | -$12.1M |
|
31
Dollar General
DG
$28B
| $5.7M | 0.89% |
+66,633
| New | +$5.04M |
|
32
PUT
Tesla
TSLA
$1.23T
| $5.29M | 0.82% |
345,000
+105,000
| +44% | +$1.38M |
|
|
KATE
33
DELISTED
Kate Spade & Company
KATE
| $5.25M | 0.82% |
+205,800
| New | +$4.04M |
|
34
JD.com
JD
$44.6B
| $5.08M | 0.79% |
191,600
+153,983
| +409% | +$4.04M |
|
|
JWN
35
PUT
DELISTED
Nordstrom
JWN
| $5.04M | 0.79% |
+97,000
| New | +$5M |
|
|
RAX
36
PUT
DELISTED
Rackspace Hosting Inc
RAX
| $4.75M | 0.74% |
220,000
+190,000
| +633% | +$3.87M |
|
37
Adobe
ADBE
$99.5B
| $3.76M | 0.59% |
40,085
+25,085
| +167% | +$2.17M |
|
|
VRNT
38
CALL
DELISTED
Verint Systems
VRNT
| $3.67M | 0.57% |
+215,930
| New | +$3.93M |
|
|
TWX
39
CALL
DELISTED
Time Warner Inc
TWX
| $3.63M | 0.57% |
+50,000
| New | +$3.44M |
|
40
PUT
Intel
INTC
$455B
| $3.53M | 0.55% |
+110,000
| New | +$3.38M |
|
|
SC
41
PUT
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $3.46M | 0.54% |
+330,000
| New | +$3.63M |
|
|
INXN
42
CALL
DELISTED
Interxion Holding N.V.
INXN
| $3.46M | 0.54% |
+100,000
| New | +$3.11M |
|
43
PUT
Texas Instruments
TXN
$252B
| $3.42M | 0.53% |
+60,000
| New | +$3.19M |
|
44
CALL
Apple
AAPL
$4.54T
| $3.25M | 0.51% |
+120,000
| New | +$2.99M |
|
45
CALL
Vipshop
VIPS
$7.37B
| $3.22M | 0.5% |
250,000
+190,000
| +317% | +$2.38M |
|
46
PUT
TransDigm Group
TDG
$70.2B
| $3.08M | 0.48% |
+14,000
| New | +$3.06M |
|
47
CALL
Visa
V
$684B
| $3.06M | 0.48% |
40,000
| – | – |
|
48
PUT
Freeport-McMoran
FCX
$90B
| $2.98M | 0.46% |
+20,000
| New | +$140K |
|
49
Liberty Global Class A
LBTYA
$3.62B
| $2.89M | 0.45% |
+85,950
| New | +$2.71M |
|
50
PUT
Workday
WDAY
$39.6B
| $2.46M | 0.38% |
+32,000
| New | +$2.12M |
|
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Thrax Management's Q1 2016 Portfolio in Review
As of Q1 2016, Thrax Management held 156 positions worth $641M, up 32% from $485M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Thrax Management deployed $138M of net new capital in Q1 2016, opening 72 new positions and adding to 26 existing holdings. Its largest new stake was Netflix: 1,924,100 shares worth $19.7M.
By sector, the portfolio is most concentrated in Communication Services at 31% of assets, down from 41% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Equinix, an estimated $15.6M trimmed.
- Thrax Management's largest Q1 2016 buy was Netflix: 1,924,100 shares worth $19.7M.
- Thrax Management added most to Meta Platforms (Facebook) in Q1 2016, an estimated $13.6M increase.
- Thrax Management's biggest Q1 2016 reduction was Equinix, cutting an estimated $15.6M.
- Thrax Management fully exited Qunar Cayman Islands Limited in Q1 2016, selling an estimated $58.6M.
- Thrax Management's ten largest holdings make up 45% of its $641M portfolio in Q1 2016.
- Thrax Management opened 72 new positions and closed 43 in Q1 2016.
- Thrax Management's portfolio value rose 32% quarter-over-quarter to $641M.
Based on Thrax Management's 13F filing for Q1 2016, filed 16 May 2016.