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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
-$90.4M
Cap. Flow
% of AUM
-32.27%
Top 10 Holdings %
Top 10 Hldgs %
55.56%
Holding
225
New
95
Increased
12
Reduced
24
Closed
90
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EA
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 | 37.49% |
| 2 | Technology | 33.46% |
| 3 | Consumer Discretionary | 15.11% |
| 4 | Financials | 6.43% |
| 5 | Miscellaneous | 2.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAVM
126
PUT
DELISTED
Cavium, Inc.
CAVM
| $11K | ﹤0.01% |
10,000
-20,000
| -67% | -$1M |
|
127
PUT
Accenture
ACN
$119B
| $10K | ﹤0.01% |
+40,000
| New | +$4.56M |
|
128
PUT
3D Systems Corp
DDD
$523M
| $10K | ﹤0.01% |
+40,000
| New | +$600K |
|
129
PUT
Caterpillar
CAT
$359B
| $8K | ﹤0.01% |
20,000
-30,000
| -60% | -$2.45M |
|
130
PUT
FedEx
FDX
$73.3B
| $8K | ﹤0.01% |
+25,000
| New | +$4.09M |
|
131
PUT
Mercado Libre
MELI
$93.7B
| $8K | ﹤0.01% |
+6,000
| New | +$995K |
|
132
PUT
PepsiCo
PEP
$185B
| $7K | ﹤0.01% |
+35,000
| New | +$3.77M |
|
133
PUT
eBay
EBAY
$48B
| $6K | ﹤0.01% |
+50,000
| New | +$1.51M |
|
134
CALL
CarMax
KMX
$8.55B
| $2K | ﹤0.01% |
+45,000
| New | +$2.55M |
|
135
PUT
Alcoa
AA
$12.3B
| – | – |
-62,422
| Closed | -$1.39M |
|
136
Advance Auto Parts
AAP
$2.63B
| – | – |
-17,127
| Closed | -$2.77M |
|
137
PUT
Ally Financial
ALLY
$12.6B
| – | – |
-120,000
| Closed | -$2.05M |
|
138
PUT
Alarm.com
ALRM
$2.7B
| – | – |
-115,000
| Closed | -$2.95M |
|
|
139
CALL
Amazon
AMZN
$2.67T
| – | – |
-200,000
| Closed | -$7.16M |
|
140
PUT
Arista Networks
ANET
$243B
| – | – |
-1,280,000
| Closed | -$5.15M |
|
141
PUT
ASML
ASML
$612B
| – | – |
-30,000
| Closed | -$2.98M |
|
142
PUT
American Express
AXP
$219B
| – | – |
-30,000
| Closed | -$1.82M |
|
143
CALL
Alibaba
BABA
$272B
| – | – |
-50,000
| Closed | -$3.98M |
|
144
PUT
Bath & Body Works
BBWI
$3.36B
| – | – |
-37,110
| Closed | -$2.01M |
|
145
PUT
Barclays
BCS
$85B
| – | – |
-74,682
| Closed | -$532K |
|
146
PUT
Bausch Health
BHC
$2.12B
| – | – |
-100,000
| Closed | -$2.01M |
|
147
PUT
Baidu
BIDU
$30.9B
| – | – |
-46,000
| Closed | -$7.6M |
|
148
PUT
Cimpress
CMPR
$2.03B
| – | – |
-15,000
| Closed | -$1.39M |
|
|
VISN
149
Vistance Networks Inc
VISN
$1.56B
| – | – |
-78,915
| Closed | -$2.45M |
|
|
150
Salesforce
CRM
$211B
| – | – |
-169,978
| Closed | -$13.5M |
|
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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 $90.4M 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.