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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
+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
CUBE icon
151
PUT
CubeSmart
CUBE
$9.39B
– –
-50,000
Closed -$1.54M
DIS icon
152
PUT
Walt Disney
DIS
$167B
– –
-25,000
Closed -$2.45M
DLTR icon
153
Dollar Tree
DLTR
$24.4B
– –
-9,055
Closed -$853K
DXPE icon
154
PUT
DXP Enterprises
DXPE
$2.43B
– –
-40,000
Closed -$597K
EA icon
155
CALL
Electronic Arts
EA
$53B
– –
-50,000
Closed -$3.79M
FCX icon
156
PUT
Freeport-McMoran
FCX
$90B
– –
-130,000
Closed -$1.45M
GE icon
157
PUT
GE Aerospace
GE
$374B
– –
-20,866
Closed -$3.15M
GOGO icon
158
Gogo Inc
GOGO
$565M
– –
-40,000
Closed -$425K
GOOG icon
159
CALL
Alphabet (Google) Class C
GOOG
$4.36T
– –
-200,000
Closed -$6.92M
GOOGL icon
160
CALL
Alphabet (Google) Class A
GOOGL
$4.36T
– –
-200,000
Closed -$6.92M
GOOGL icon
161
Alphabet (Google) Class A
GOOGL
$4.36T
– –
-90,040
Closed -$3.17M
GPRO icon
162
PUT
GoPro
GPRO
$130M
– –
-17,500
Closed -$189K
GRMN
163
PUT
Garmin
GRMN
$56.7B
– –
-20,000
Closed -$848K
JWN
164
PUT
DELISTED
Nordstrom
JWN
– –
-40,000
Closed -$1.52M
K
165
CALL
DELISTED
Kellanova
K
– –
-899,925
Closed -$69M
K
166
DELISTED
Kellanova
K
– –
-629,909
Closed -$48.3M
KHC icon
167
CALL
Kraft Heinz
KHC
$30.7B
– –
-5,000
Closed -$50K
LBRDA icon
168
Liberty Broadband Class A
LBRDA
$4.89B
– –
-39,642
Closed -$2.35M
HAPN
169
PUT
Happen Inc
HAPN
$2.21B
– –
-8,500
Closed -$1.23M
LILA icon
170
Liberty Latin America Class A
LILA
$1.64B
– –
-26,257
Closed -$542K
LOPE icon
171
PUT
Grand Canyon Education
LOPE
$3.79B
– –
-30,000
Closed -$1.2M
LOW icon
172
Lowe's Companies
LOW
$117B
– –
-33,849
Closed -$2.68M
LRCX icon
173
Lam Research
LRCX
$367B
– –
-424,580
Closed -$3.57M
LUMN icon
174
PUT
Lumen
LUMN
$6.57B
– –
-230,000
Closed -$6.67M
M icon
175
PUT
Macy's
M
$6.53B
– –
-15,000
Closed -$504K
5 6
7
8 9

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WHI
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PC
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HPBT
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BGE
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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.