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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
+16.89%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$280M
AUM Growth
-$368M
(-57%)
Cap. Flow
-$228M
Cap. Flow
% of AUM
-81.31%
Top 10 Holdings %
Top 10 Hldgs %
55.56%
Holding
225
New
95
Increased
12
Reduced
24
Closed
90
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Electronic Arts
EA
|
+$17.2M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$16.1M |
| 3 |
Qualcomm
QCOM
|
+$6.95M |
| 4 |
Broadcom
AVGO
|
+$6.87M |
| 5 |
JOYY
JOYY Inc
JOYY
|
+$6.41M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
K
Kellanova
K
|
+$48.3M |
| 2 |
YHOO
Yahoo Inc
YHOO
|
+$36.7M |
| 3 |
Amazon
AMZN
|
+$31.1M |
| 4 |
Salesforce
CRM
|
+$13.5M |
| 5 |
Charter Communications
CHTR
|
+$12.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 37.05% |
| 2 | Technology | 28.84% |
| 3 | Consumer Discretionary | 15.11% |
| 4 | Financials | 6.43% |
| 5 | Consumer Staples | 1.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
NXP Semiconductors
NXPI
$57.8B
| $3.02M | 1.08% |
+29,580
| New | +$2.51M |
|
27
Norwegian Cruise Line
NCLH
$8.51B
| $2.9M | 1.04% |
+77,000
| New | +$2.99M |
|
|
RP
28
DELISTED
RealPage, Inc.
RP
| $2.88M | 1.03% |
+112,218
| New | +$2.79M |
|
29
Marvell Technology
MRVL
$168B
| $2.85M | 1.02% |
+215,000
| New | +$2.52M |
|
|
SRG
30
Seritage Growth Properties
SRG
$136M
| $2.36M | 0.84% |
46,540
-19,361
| -29% | -$936K |
|
31
Dell
DELL
$262B
| $2.35M | 0.84% |
+175,290
| New | +$2.38M |
|
32
Mercado Libre
MELI
$95.2B
| $2.29M | 0.82% |
+12,400
| New | +$2.06M |
|
33
Varonis Systems
VRNS
$4.59B
| $2.25M | 0.8% |
224,475
-496,983
| -69% | -$4.55M |
|
|
DATA
34
DELISTED
Tableau Software, Inc.
DATA
| $2.19M | 0.78% |
+39,564
| New | +$2.18M |
|
35
Adobe
ADBE
$99.5B
| $2.17M | 0.78% |
20,000
+12,894
| +181% | +$1.29M |
|
|
P
36
Everpure Inc
P
$25.7B
| $2.05M | 0.73% |
+151,000
| New | +$1.88M |
|
37
Kraft Heinz
KHC
$30.7B
| $1.98M | 0.71% |
22,100
-113,627
| -84% | -$10.1M |
|
|
STMP
38
DELISTED
Stamps.com, Inc.
STMP
| $1.89M | 0.67% |
+20,000
| New | +$1.73M |
|
39
Mastercard
MA
$502B
| $1.83M | 0.65% |
+18,000
| New | +$1.73M |
|
40
Liberty Global Class A
LBTYA
$3.62B
| $1.66M | 0.59% |
48,458
-55,287
| -53% | -$1.76M |
|
|
CSOD
41
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $1.59M | 0.57% |
+34,518
| New | +$1.51M |
|
|
MENT
42
DELISTED
Mentor Graphics Corp
MENT
| $1.59M | 0.57% |
+60,000
| New | +$1.36M |
|
43
NETSCOUT
NTCT
$2.96B
| $1.46M | 0.52% |
+50,000
| New | +$1.37M |
|
|
MNDT
44
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $1.38M | 0.49% |
+93,380
| New | +$1.43M |
|
|
HDS
45
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.28M | 0.46% |
+40,000
| New | +$1.39M |
|
|
CHU
46
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $1.24M | 0.44% |
+101,646
| New | +$1.13M |
|
|
CY
47
DELISTED
Cypress Semiconductor
CY
| $1.11M | 0.4% |
+91,700
| New | +$1.05M |
|
48
Micron Technology
MU
$930B
| $1.07M | 0.38% |
+60,388
| New | +$921K |
|
49
TripAdvisor
TRIP
$1.65B
| $1.06M | 0.38% |
+16,800
| New | +$1.08M |
|
50
Expedia Group
EXPE
$35.4B
| $934K | 0.33% |
+8,000
| New | +$905K |
|
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Thrax Management's Q3 2016 Portfolio in Review
As of Q3 2016, Thrax Management held 225 positions worth $280M, down 57% from $648M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Thrax Management withdrew a net $228M in Q3 2016, closing 90 positions and reducing 24 holdings. Its most notable exit was Kellanova, an estimated $48.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, up from 11% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Thrax Management opened a new position in Electronic Arts worth $18.4M.
- Thrax Management's largest Q3 2016 buy was Electronic Arts: 214,883 shares worth $18.4M.
- Thrax Management added most to Alphabet (Google) Class C in Q3 2016, an estimated $16.1M increase.
- Thrax Management's biggest Q3 2016 reduction was Amazon, cutting an estimated $31.1M.
- Thrax Management fully exited Kellanova in Q3 2016, selling an estimated $48.3M.
- Thrax Management's ten largest holdings make up 56% of its $280M portfolio in Q3 2016.
- Thrax Management opened 95 new positions and closed 90 in Q3 2016.
- Thrax Management's portfolio value fell 57% quarter-over-quarter to $280M.
Based on Thrax Management's 13F filing for Q3 2016, filed 14 Nov 2016.