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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
-0.1%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$547M
AUM Growth
+$267M
(+95%)
Cap. Flow
+$210M
Cap. Flow
% of AUM
38.36%
Top 10 Holdings %
Top 10 Hldgs %
29.6%
Holding
265
New
130
Increased
24
Reduced
23
Closed
85
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GIMO
Gigamon Inc.
GIMO
|
+$14.6M |
| 2 |
Yum! Brands
YUM
|
+$7.56M |
| 3 |
Visa
V
|
+$6.9M |
| 4 |
GoDaddy
GDDY
|
+$6.47M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$6.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$13.7M |
| 2 |
Charter Communications
CHTR
|
+$10.5M |
| 3 |
Qualcomm
QCOM
|
+$7.82M |
| 4 |
Amazon
AMZN
|
+$7.67M |
| 5 |
JOYY
JOYY Inc
JOYY
|
+$7.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.66% |
| 2 | Communication Services | 15.75% |
| 3 | Financials | 5.75% |
| 4 | Consumer Discretionary | 4.29% |
| 5 | Consumer Staples | 1.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CRAY
126
PUT
DELISTED
Cray, Inc.
CRAY
| $1.03M | 0.19% |
+50,000
| New | +$1.03M |
|
127
PUT
Kohl's
KSS
$2.17B
| $988K | 0.18% |
+20,000
| New | +$990K |
|
128
PUT
First Solar
FSLR
$22.7B
| $963K | 0.18% |
+30,000
| New | +$1.05M |
|
|
JWN
129
PUT
DELISTED
Nordstrom
JWN
| $959K | 0.18% |
+20,000
| New | +$1.09M |
|
130
Salesforce
CRM
$151B
| $948K | 0.17% |
+13,851
| New | +$1.01M |
|
131
PUT
HubSpot
HUBS
$12.2B
| $940K | 0.17% |
+20,000
| New | +$1.06M |
|
132
PUT
Vale
VALE
$64.1B
| $915K | 0.17% |
+120,000
| New | +$879K |
|
133
PUT
AvalonBay Communities
AVB
$26.5B
| $886K | 0.16% |
+5,000
| New | +$843K |
|
134
CALL
Bank of America
BAC
$435B
| $884K | 0.16% |
+40,000
| New | +$770K |
|
|
AKRX
135
PUT
DELISTED
Akorn Inc
AKRX
| $873K | 0.16% |
40,000
| – | – |
|
|
TWNK
136
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $860K | 0.16% |
+66,122
| New | +$802K |
|
|
BBBY
137
DELISTED
Bed Bath & Beyond Inc
BBBY
| $813K | 0.15% |
+20,000
| New | +$867K |
|
138
PUT
Maximus
MMS
$3.17B
| $781K | 0.14% |
14,000
-16,000
| -53% | -$869K |
|
139
PUT
Encore Capital Group
ECPG
$2.02B
| $774K | 0.14% |
27,000
-43,000
| -61% | -$1.05M |
|
140
CALL
Leidos
LDOS
$14.5B
| $767K | 0.14% |
+15,000
| New | +$701K |
|
|
SPLK
141
PUT
DELISTED
Splunk Inc
SPLK
| $767K | 0.14% |
+15,000
| New | +$864K |
|
|
SNCR
142
PUT
DELISTED
Synchronoss Technologies
SNCR
| $766K | 0.14% |
+2,222
| New | +$836K |
|
|
FTR
143
PUT
DELISTED
Frontier Communications Corp.
FTR
| $744K | 0.14% |
14,667
+8,000
| +120% | +$438K |
|
144
PUT
Chegg
CHGG
$110M
| $738K | 0.13% |
+100,000
| New | +$744K |
|
145
PUT
Shutterstock
SSTK
$198M
| $713K | 0.13% |
+15,000
| New | +$801K |
|
|
WEB
146
DELISTED
Web.com Group, Inc.
WEB
| $711K | 0.13% |
+33,609
| New | +$570K |
|
147
Varonis Systems
VRNS
$4.59B
| $710K | 0.13% |
79,467
-145,008
| -65% | -$1.38M |
|
148
PUT
LPL Financial
LPLA
$28.3B
| $704K | 0.13% |
+20,000
| New | +$699K |
|
149
PUT
Wayfair
W
$11.2B
| $701K | 0.13% |
20,000
-15,000
| -43% | -$539K |
|
|
GAP
150
PUT
The Gap Inc
GAP
$7.23B
| $673K | 0.12% |
+30,000
| New | +$772K |
|
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Thrax Management's Q4 2016 Portfolio in Review
As of Q4 2016, Thrax Management held 265 positions worth $547M, up 95% from $280M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Thrax Management deployed $210M of net new capital in Q4 2016, opening 130 new positions and adding to 24 existing holdings. Its largest new stake was Gigamon Inc.: 280,730 shares worth $12.8M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 29% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Charter Communications, an estimated $10.5M trimmed.
- Thrax Management's largest Q4 2016 buy was Gigamon Inc.: 280,730 shares worth $12.8M.
- Thrax Management added most to Visa in Q4 2016, an estimated $6.9M increase.
- Thrax Management's biggest Q4 2016 reduction was Charter Communications, cutting an estimated $10.5M.
- Thrax Management fully exited Alibaba in Q4 2016, selling an estimated $13.7M.
- Thrax Management's ten largest holdings make up 30% of its $547M portfolio in Q4 2016.
- Thrax Management opened 130 new positions and closed 85 in Q4 2016.
- Thrax Management's portfolio value rose 95% quarter-over-quarter to $547M.
Based on Thrax Management's 13F filing for Q4 2016, filed 16 Feb 2017.