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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 | |
|---|---|---|---|---|---|---|
51
PUT
Twilio
TWLO
$30B
| $869K | 0.31% |
+138,000
| New | +$6.89M |
|
52
Intuit
INTU
$86.5B
| $550K | 0.2% |
+5,000
| New | +$559K |
|
|
CXRX
53
PUT
DELISTED
Concordia International Corp. Common Stock
CXRX
| $509K | 0.18% |
25,000
-161,000
| -87% | -$2.02M |
|
|
SCTY
54
PUT
DELISTED
SolarCity Corporation
SCTY
| $492K | 0.18% |
275,400
+188,400
| +217% | +$4.22M |
|
55
PUT
Tesla
TSLA
$1.23T
| $491K | 0.18% |
742,500
+562,500
| +313% | +$8.12M |
|
|
EXPR
56
DELISTED
Express, Inc.
EXPR
| $490K | 0.18% |
+2,080
| New | +$564K |
|
|
LXK
57
DELISTED
Lexmark Intl Inc
LXK
| $480K | 0.17% |
+12,000
| New | +$436K |
|
|
CXRX
58
DELISTED
Concordia International Corp. Common Stock
CXRX
| $417K | 0.15% |
+93,093
| New | +$1.17M |
|
59
PUT
Iridium Communications
IRDM
$5.02B
| $377K | 0.13% |
+180,000
| New | +$1.51M |
|
|
EVDY
60
DELISTED
Everyday Health, Inc.
EVDY
| $346K | 0.12% |
+45,000
| New | +$352K |
|
61
CALL
Booking.com
BKNG
$149B
| $324K | 0.12% |
+200,000
| New | +$11.2M |
|
62
PUT
Factset
FDS
$9.36B
| $313K | 0.11% |
30,000
+10,000
| +50% | +$1.72M |
|
63
PUT
Cracker Barrel
CBRL
$1.26B
| $276K | 0.1% |
20,000
| – | – |
|
64
CALL
Adobe
ADBE
$99.5B
| $220K | 0.08% |
25,000
-25,000
| -50% | -$2.51M |
|
65
PUT
Viatris
VTRS
$20.4B
| $209K | 0.07% |
+50,000
| New | +$2.22M |
|
66
CALL
Netflix
NFLX
$299B
| $189K | 0.07% |
225,000
| – | – |
|
67
CALL
Norwegian Cruise Line
NCLH
$8.51B
| $186K | 0.07% |
+60,000
| New | +$2.33M |
|
|
CAMP
68
PUT
DELISTED
CalAmp Corp.
CAMP
| $183K | 0.07% |
2,174
-2,174
| -50% | -$745K |
|
|
ECHO
69
CALL
EchoStar
ECHO
$24.4B
| $171K | 0.06% |
+37,020
| New | +$1.17M |
|
70
PUT
CarMax
KMX
$8.13B
| $165K | 0.06% |
70,000
-50,000
| -42% | -$2.83M |
|
|
XLNX
71
CALL
DELISTED
Xilinx Inc
XLNX
| $147K | 0.05% |
+30,000
| New | +$1.54M |
|
|
FTR
72
PUT
DELISTED
Frontier Communications Corp.
FTR
| $135K | 0.05% |
6,667
| – | – |
|
73
CALL
Liberty Global Class A
LBTYA
$3.62B
| $120K | 0.04% |
+30,000
| New | +$952K |
|
74
PUT
Maximus
MMS
$3.17B
| $110K | 0.04% |
+30,000
| New | +$1.75M |
|
75
PUT
Nike
NKE
$61.9B
| $106K | 0.04% |
60,000
+10,000
| +20% | +$565K |
|
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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.