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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
Cap. Flow
-$228M
Cap. Flow %
-81.31%
Top 10 Hldgs %
55.56%
Holding
225
New
95
Increased
12
Reduced
24
Closed
90

Top Buys

Rank Stock Value
1
EA icon
Electronic Arts
EA
+$17.2M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$16.1M
3
QCOM icon
Qualcomm
QCOM
+$6.95M
4
AVGO icon
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
AMZN icon
Amazon
AMZN
+$31.1M
4
CRM icon
Salesforce
CRM
+$13.5M
5
CHTR icon
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
TSM icon
101
PUT
TSMC
TSM
$2.1T
$39K 0.01%
+70,000
New +$2M
STON
102
PUT
DELISTED
StoneMor Inc.
STON
$39K 0.01%
+50,000
New +$1.26M
LOCO icon
103
PUT
El Pollo Loco
LOCO
$501M
$36K 0.01%
+50,000
New +$671K
VIPS icon
104
PUT
Vipshop
VIPS
$7.37B
$35K 0.01%
280,000
– –
BBBY
105
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
$31K 0.01%
+25,000
New +$1.11M
KEYW
106
PUT
DELISTED
The KEYW Holding Corporation
KEYW
$30K 0.01%
+15,000
New +$154K
DISH
107
CALL
DELISTED
DISH Network Corp.
DISH
$29K 0.01%
20,000
-35,000
-64% -$1.81M
FAST icon
108
PUT
Fastenal
FAST
$54.7B
$28K 0.01%
+180,000
New +$1.92M
HOG icon
109
PUT
Harley-Davidson
HOG
$2.58B
$28K 0.01%
20,000
+5,000
+33% +$259K
SMH icon
110
PUT
VanEck Semiconductor ETF
SMH
$65.2B
$27K 0.01%
+200,000
New +$6.4M
MNDT
111
CALL
DELISTED
Mandiant, Inc. Common Stock
MNDT
$27K 0.01%
+50,000
New +$768K
VEEV icon
112
PUT
Veeva Systems
VEEV
$33.1B
$26K 0.01%
+50,000
New +$1.94M
BABA icon
113
PUT
Alibaba
BABA
$293B
$25K 0.01%
+40,000
New +$3.71M
AMBA icon
114
PUT
Ambarella
AMBA
$3.77B
$24K 0.01%
+30,000
New +$1.88M
HOG icon
115
CALL
Harley-Davidson
HOG
$2.58B
$24K 0.01%
+25,000
New +$1.29M
EPC icon
116
PUT
Edgewell Personal Care
EPC
$1.25B
$23K 0.01%
+40,000
New +$3.23M
EVDY
117
CALL
DELISTED
Everyday Health, Inc.
EVDY
$22K 0.01%
+12,000
New +$94K
MDSO
118
PUT
DELISTED
Medidata Solutions, Inc.
MDSO
$21K 0.01%
+50,000
New +$2.65M
ORLY icon
119
PUT
O'Reilly Automotive
ORLY
$72.9B
$20K 0.01%
+225,000
New +$4.22M
SSYS icon
120
PUT
Stratasys
SSYS
$679M
$20K 0.01%
+15,000
New +$327K
SBUX icon
121
CALL
Starbucks
SBUX
$120B
$17K 0.01%
+40,000
New +$2.24M
RHT
122
PUT
DELISTED
Red Hat Inc
RHT
$17K 0.01%
+40,000
New +$2.98M
BA icon
123
PUT
Boeing
BA
$171B
$15K 0.01%
10,000
-40,000
-80% -$5.27M
HIBB
124
PUT
DELISTED
Hibbett, Inc. Common Stock
HIBB
$15K 0.01%
50,000
-40,000
-44% -$1.51M
CMCM
125
PUT
Cheetah Mobile
CMCM
$86.6M
$14K 0.01%
6,000
-6,000
-50% -$347K
3 4
5
6 7

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WHI
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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.