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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
Cap. Flow
+$138M
Cap. Flow %
21.47%
Top 10 Hldgs %
44.71%
Holding
156
New
72
Increased
26
Reduced
13
Closed
43

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$18.9M
2
KHC icon
Kraft Heinz
KHC
+$16M
3
META icon
Meta Platforms (Facebook)
META
+$13.6M
4
STZ icon
Constellation Brands
STZ
+$13.6M
5
LOW icon
Lowe's Companies
LOW
+$12.5M

Top Sells

Rank Stock Value
1
QUNR
Qunar Cayman Islands Limited
QUNR
+$58.6M
2
EQIX icon
Equinix
EQIX
+$15.6M
3
AMZN icon
Amazon
AMZN
+$12.1M
4
ELLI
Ellie Mae Inc
ELLI
+$12M
5
IBKR icon
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
PARA
126
DELISTED
Paramount Global Class B
PARA
– –
-46,054
Closed -$2.17M
RNG icon
127
RingCentral
RNG
$4.66B
– –
-177,484
Closed -$4.18M
SSNC icon
128
SS&C Technologies
SSNC
$18.1B
– –
-136,000
Closed -$4.64M
TCOM icon
129
Trip.com Group
TCOM
$29.6B
– –
-28,280
Closed -$1.31M
TRIP icon
130
CALL
TripAdvisor
TRIP
$1.65B
– –
-30,000
Closed -$2.56M
TRIP icon
131
TripAdvisor
TRIP
$1.65B
– –
-18,400
Closed -$1.57M
WK icon
132
Workiva
WK
$3.36B
– –
-34,655
Closed -$609K
WW
133
PUT
DELISTED
WW International
WW
– –
-20,000
Closed -$456K
YELP icon
134
CALL
Yelp
YELP
$1.45B
– –
-90,000
Closed -$2.59M
CAMP
135
PUT
DELISTED
CalAmp Corp.
CAMP
– –
-1,304
Closed -$598K
LORL
136
CALL
DELISTED
Loral Space and Communications, Inc.
LORL
– –
-70,000
Closed -$2.85M
MXIM
137
CALL
DELISTED
Maxim Integrated Products
MXIM
– –
-100,000
Closed -$3.8M
MXIM
138
DELISTED
Maxim Integrated Products
MXIM
– –
-143,000
Closed -$5.43M
VIAB
139
DELISTED
Viacom Inc. Class B
VIAB
– –
-13,493
Closed -$555K
SFLY
140
CALL
DELISTED
Shutterfly, Inc.
SFLY
– –
-40,000
Closed -$1.78M
DATA
141
DELISTED
Tableau Software, Inc.
DATA
– –
-51,408
Closed -$4.84M
ELLI
142
CALL
DELISTED
Ellie Mae Inc
ELLI
– –
-30,000
Closed -$1.81M
ELLI
143
DELISTED
Ellie Mae Inc
ELLI
– –
-199,446
Closed -$12M
MB
144
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
– –
-18,011
Closed -$273K
P
145
PUT
DELISTED
Pandora Media Inc
P
– –
-50,000
Closed -$671K
IMPV
146
DELISTED
Imperva, Inc.
IMPV
– –
-26,000
Closed -$1.65M
TWX
147
DELISTED
Time Warner Inc
TWX
– –
-4,200
Closed -$289K
N
148
PUT
DELISTED
Netsuite Inc
N
– –
-45,000
Closed -$3.81M
MKTO
149
PUT
DELISTED
MARKETO INC COM STK (DE)
MKTO
– –
-60,000
Closed -$1.72M
STRZA
150
CALL
DELISTED
Starz - Series A
STRZA
– –
-52,200
Closed -$1.75M
3 4 5
6
7

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KT
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WHI
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PC
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HPBT
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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.