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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
+7%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$648M
AUM Growth
+$6.58M
(+1%)
Cap. Flow
-$21.4M
Cap. Flow
% of AUM
-3.3%
Top 10 Holdings %
Top 10 Hldgs %
46.46%
Holding
191
New
78
Increased
16
Reduced
29
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
K
Kellanova
K
|
+$45.2M |
| 2 |
Amazon
AMZN
|
+$30.8M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$22.3M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$10.8M |
| 5 |
Alibaba
BABA
|
+$7.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
|
+$57.4M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$20.4M |
| 3 |
PFPT
Proofpoint, Inc.
PFPT
|
+$18.7M |
| 4 |
Netflix
NFLX
|
+$18.5M |
| 5 |
Salesforce
CRM
|
+$18.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 11.38% |
| 2 | Communication Services | 11.1% |
| 3 | Technology | 9.22% |
| 4 | Consumer Discretionary | 8.5% |
| 5 | Energy | 5.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
SolarEdge
SEDG
$2.51B
| $1.08M | 0.17% |
55,000
+2,500
| +5% | +$56.3K |
|
|
CAVM
102
PUT
DELISTED
Cavium, Inc.
CAVM
| $1.02M | 0.16% |
+30,000
| New | +$1.48M |
|
103
PUT
Workday
WDAY
$39.6B
| $896K | 0.14% |
12,000
-20,000
| -63% | -$1.52M |
|
104
Dollar Tree
DLTR
$24.4B
| $853K | 0.13% |
+9,055
| New | +$766K |
|
|
GRMN
105
PUT
Garmin
GRMN
$56.7B
| $848K | 0.13% |
20,000
-50,000
| -71% | -$2.08M |
|
106
Adobe
ADBE
$99.5B
| $681K | 0.11% |
7,106
-32,979
| -82% | -$3.17M |
|
107
PUT
Harley-Davidson
HOG
$2.58B
| $680K | 0.1% |
+15,000
| New | +$691K |
|
|
MFRM
108
PUT
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $671K | 0.1% |
+20,000
| New | +$733K |
|
|
P
109
PUT
DELISTED
Pandora Media Inc
P
| $623K | 0.1% |
+50,000
| New | +$520K |
|
110
PUT
DXP Enterprises
DXPE
$2.43B
| $597K | 0.09% |
+40,000
| New | +$673K |
|
|
LVLT
111
DELISTED
Level 3 Communications Inc
LVLT
| $589K | 0.09% |
11,433
-99,981
| -90% | -$5.23M |
|
|
CMCM
112
PUT
Cheetah Mobile
CMCM
$86.6M
| $570K | 0.09% |
12,000
-2,000
| -14% | -$131K |
|
113
PUT
XPO
XPO
$23.5B
| $551K | 0.09% |
60,719
-54,937
| -48% | -$546K |
|
114
Liberty Latin America Class A
LILA
$1.64B
| $542K | 0.08% |
+26,257
| New | +$620K |
|
|
SPLK
115
PUT
DELISTED
Splunk Inc
SPLK
| $542K | 0.08% |
+10,000
| New | +$528K |
|
116
PUT
Barclays
BCS
$92.7B
| $532K | 0.08% |
+74,682
| New | +$672K |
|
117
PUT
Paylocity
PCTY
$7.38B
| $518K | 0.08% |
+12,000
| New | +$450K |
|
118
PUT
Macy's
M
$6.53B
| $504K | 0.08% |
+15,000
| New | +$537K |
|
|
KEYW
119
CALL
DELISTED
The KEYW Holding Corporation
KEYW
| $497K | 0.08% |
+50,000
| New | +$403K |
|
|
FTR
120
PUT
DELISTED
Frontier Communications Corp.
FTR
| $494K | 0.08% |
6,667
-16,666
| -71% | -$1.31M |
|
121
PUT
Nu Skin
NUS
$252M
| $462K | 0.07% |
+10,000
| New | +$403K |
|
122
Gogo Inc
GOGO
$565M
| $336K | 0.05% |
+40,000
| New | +$398K |
|
123
PUT
Avis
CAR
$4.86B
| $322K | 0.05% |
+10,000
| New | +$276K |
|
124
PUT
GoPro
GPRO
$130M
| $189K | 0.03% |
17,500
| – | – |
|
125
PUT
CPI Card Group
PMTS
$242M
| $125K | 0.02% |
5,000
-1,000
| -17% | -$30.8K |
|
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Thrax Management's Q2 2016 Portfolio in Review
As of Q2 2016, Thrax Management held 191 positions worth $648M, up 1% from $641M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Thrax Management withdrew a net $21.4M in Q2 2016, closing 61 positions and reducing 29 holdings. Its most notable exit was CABLEVISION SYS CP NY GRP CL-A, an estimated $57.4M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 11% of assets, up from 5.7% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Thrax Management opened a new position in Kellanova worth $48.3M.
- Thrax Management's largest Q2 2016 buy was Kellanova: 629,909 shares worth $48.3M.
- Thrax Management added most to Amazon in Q2 2016, an estimated $30.8M increase.
- Thrax Management's biggest Q2 2016 reduction was Alphabet (Google) Class A, cutting an estimated $20.4M.
- Thrax Management fully exited CABLEVISION SYS CP NY GRP CL-A in Q2 2016, selling an estimated $57.4M.
- Thrax Management's ten largest holdings make up 46% of its $648M portfolio in Q2 2016.
- Thrax Management opened 78 new positions and closed 61 in Q2 2016.
- Thrax Management's portfolio value rose 1% quarter-over-quarter to $648M.
Based on Thrax Management's 13F filing for Q2 2016, filed 12 Aug 2016.