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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
STRZA
151
DELISTED
Starz - Series A
STRZA
– –
-13,369
Closed -$448K
CMCSK
152
CALL
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
– –
-35,000
Closed -$1.98M
VIA
153
CALL
DELISTED
Viacom Inc. Class A
VIA
– –
-50,000
Closed -$2.06M
QUNR
154
DELISTED
Qunar Cayman Islands Limited
QUNR
– –
-1,088,050
Closed -$58.6M
ACAS
155
DELISTED
American Capital Ltd
ACAS
– –
-345,958
Closed -$4.77M
RHT
156
PUT
DELISTED
Red Hat Inc
RHT
– –
-15,000
Closed -$1.24M
3 4 5 6
7

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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.