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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 | |
|---|---|---|---|---|---|---|
|
FTR
51
PUT
DELISTED
Frontier Communications Corp.
FTR
| $2.43M | 0.38% |
+23,333
| New | +$1.7M |
|
|
52
CALL
Netflix
NFLX
$299B
| $2.3M | 0.36% |
+225,000
| New | +$2.21M |
|
53
PUT
Ally Financial
ALLY
$13.2B
| $2.25M | 0.35% |
+120,000
| New | +$2.07M |
|
54
EPAM Systems
EPAM
$5.51B
| $2.23M | 0.35% |
29,875
-35,824
| -55% | -$2.47M |
|
|
TWC
55
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $2.14M | 0.33% |
10,439
-8,239
| -44% | -$1.56M |
|
56
PUT
Alarm.com
ALRM
$2.71B
| $2.02M | 0.31% |
+85,000
| New | +$1.55M |
|
57
PUT
KB Home
KBH
$3.37B
| $2M | 0.31% |
+140,000
| New | +$1.63M |
|
58
PUT
Main Street Capital
MAIN
$5.06B
| $1.87M | 0.29% |
+60,000
| New | +$1.74M |
|
59
CALL
Salesforce
CRM
$151B
| $1.85M | 0.29% |
+25,000
| New | +$1.72M |
|
60
PUT
American Express
AXP
$227B
| $1.83M | 0.29% |
30,000
| – | – |
|
|
INXN
61
DELISTED
Interxion Holding N.V.
INXN
| $1.8M | 0.28% |
+52,034
| New | +$1.62M |
|
62
Expedia Group
EXPE
$35.4B
| $1.78M | 0.28% |
16,500
-50,300
| -75% | -$5.36M |
|
63
PUT
Dillards
DDS
$9.19B
| $1.7M | 0.26% |
+20,000
| New | +$1.5M |
|
64
Domino's
DPZ
$11.5B
| $1.69M | 0.26% |
+12,794
| New | +$1.53M |
|
|
X
65
PUT
DELISTED
US Steel
X
| $1.6M | 0.25% |
+100,000
| New | +$997K |
|
66
CALL
Las Vegas Sands
LVS
$31.7B
| $1.55M | 0.24% |
+30,000
| New | +$1.37M |
|
|
BWLD
67
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $1.48M | 0.23% |
+10,000
| New | +$1.53M |
|
|
ZEN
68
CALL
DELISTED
ZENDESK INC
ZEN
| $1.47M | 0.23% |
70,000
+55,000
| +367% | +$1.12M |
|
69
PUT
Fastenal
FAST
$54.7B
| $1.46M | 0.23% |
+120,000
| New | +$1.3M |
|
70
PUT
Corpay
CPAY
$25B
| $1.46M | 0.23% |
+30,000
| New | +$3.9M |
|
|
QTS
71
PUT
DELISTED
QTS REALTY TRUST, INC.
QTS
| $1.42M | 0.22% |
+30,000
| New | +$1.34M |
|
|
RATE
72
CALL
DELISTED
Bankrate Inc
RATE
| $1.38M | 0.21% |
+150,000
| New | +$1.56M |
|
73
CALL
JD.com
JD
$44.6B
| $1.32M | 0.21% |
+50,000
| New | +$1.31M |
|
74
PUT
SolarEdge
SEDG
$2.51B
| $1.32M | 0.21% |
+52,500
| New | +$1.37M |
|
75
PUT
CarMax
KMX
$8.13B
| $1.28M | 0.2% |
25,000
-35,000
| -58% | -$1.65M |
|
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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.