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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
(-57%)
Cap. Flow
-$228M
Cap. Flow
% of AUM
-81.31%
Top 10 Holdings %
Top 10 Hldgs %
55.56%
Holding
225
New
95
Increased
12
Reduced
24
Closed
90
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 | 37.05% |
| 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 | |
|---|---|---|---|---|---|---|
176
CALL
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-20,000
| Closed | -$2.29M |
|
177
Madison Square Garden
MSGS
$9.48B
| – | – |
-17,064
| Closed | -$2.1M |
|
178
PUT
NetEase
NTES
$85.3B
| – | – |
-50,000
| Closed | -$1.93M |
|
179
PUT
Nu Skin
NUS
$252M
| – | – |
-10,000
| Closed | -$462K |
|
180
PUT
NVIDIA
NVDA
$4.86T
| – | – |
-3,200,000
| Closed | -$3.76M |
|
181
PUT
Oracle
ORCL
$374B
| – | – |
-120,000
| Closed | -$4.91M |
|
182
PUT
Paylocity
PCTY
$7.38B
| – | – |
-12,000
| Closed | -$518K |
|
183
PUT
CPI Card Group
PMTS
$242M
| – | – |
-5,000
| Closed | -$125K |
|
184
PUT
Protolabs
PRLB
$1.79B
| – | – |
-135,000
| Closed | -$7.77M |
|
185
PUT
Public Storage
PSA
$60.5B
| – | – |
-6,000
| Closed | -$1.53M |
|
186
CALL
PTC
PTC
$15.8B
| – | – |
-50,000
| Closed | -$1.88M |
|
187
PUT
Qualys
QLYS
$5.1B
| – | – |
-50,000
| Closed | -$1.49M |
|
188
PUT
SolarEdge
SEDG
$2.51B
| – | – |
-55,000
| Closed | -$1.08M |
|
189
PUT
SLB Ltd
SLB
$73.6B
| – | – |
-50,000
| Closed | -$3.95M |
|
190
CALL
Constellation Brands
STZ
$22.2B
| – | – |
-65,000
| Closed | -$10.8M |
|
|
191
PUT
Constellation Brands
STZ
$22.2B
| – | – |
-80,000
| Closed | -$13.2M |
|
192
PUT
Teradata
TDC
$2.92B
| – | – |
-55,000
| Closed | -$1.38M |
|
193
CALL
Take-Two Interactive
TTWO
$45.4B
| – | – |
-50,000
| Closed | -$1.9M |
|
194
PUT
Under Armour
UAA
$2.84B
| – | – |
-30,000
| Closed | -$1.2M |
|
195
CALL
Visa
V
$684B
| – | – |
-110,000
| Closed | -$8.16M |
|
196
PUT
Workday
WDAY
$39.6B
| – | – |
-12,000
| Closed | -$896K |
|
|
X
197
PUT
DELISTED
US Steel
X
| – | – |
-100,000
| Closed | -$1.69M |
|
198
PUT
XPO
XPO
$23.5B
| – | – |
-60,719
| Closed | -$551K |
|
199
PUT
Zillow
ZG
$7.94B
| – | – |
-40,000
| Closed | -$1.45M |
|
|
SIX
200
DELISTED
Six Flags Entertainment Corp.
SIX
| – | – |
-37,171
| Closed | -$2.15M |
|
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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.