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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
+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
CVC
1
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$57.4M 8.95%
1,740,505
+141,795
+9% +$4.57M
META icon
2
Meta Platforms (Facebook)
META
$1.42T
$38.2M 5.96%
335,042
+129,224
+63% +$13.6M
CHTR icon
3
Charter Communications
CHTR
$17.3B
$31.1M 4.84%
153,425
+49,156
+47% +$8.82M
CRM icon
4
Salesforce
CRM
$151B
$29.6M 4.62%
401,562
+119,731
+42% +$8.25M
V icon
5
Visa
V
$684B
$25M 3.89%
326,296
+123,702
+61% +$8.99M
GOOGL icon
6
Alphabet (Google) Class A
GOOGL
$4.36T
$24.6M 3.84%
646,120
+328,620
+104% +$12.1M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.36T
$23.5M 3.67%
631,220
+85,120
+16% +$3.05M
NFLX icon
8
Netflix
NFLX
$299B
$19.7M 3.07%
+1,924,100
New +$18.9M
AVGO icon
9
Broadcom
AVGO
$1.85T
$19M 2.96%
1,228,530
+693,530
+130% +$9.38M
PFPT
10
DELISTED
Proofpoint, Inc.
PFPT
$18.7M 2.91%
347,058
+233,084
+205% +$11.9M
BA icon
11
PUT
Boeing
BA
$171B
$18.4M 2.87%
+145,000
New +$18M
KHC icon
12
Kraft Heinz
KHC
$30.7B
$16.8M 2.62%
+213,856
New +$16M
META icon
13
PUT
Meta Platforms (Facebook)
META
$1.42T
$14.8M 2.31%
+130,000
New +$13.7M
STZ icon
14
Constellation Brands
STZ
$22.2B
$14.2M 2.22%
+94,082
New +$13.6M
YHOO
15
DELISTED
Yahoo Inc
YHOO
$13.7M 2.14%
+372,200
New +$11.7M
LOW icon
16
Lowe's Companies
LOW
$117B
$13.4M 2.09%
+177,389
New +$12.5M
ZEN
17
DELISTED
ZENDESK INC
ZEN
$11.5M 1.79%
549,550
+168,336
+44% +$3.42M
ACN icon
18
PUT
Accenture
ACN
$102B
$10.9M 1.69%
+95,000
New +$9.76M
CAT icon
19
PUT
Caterpillar
CAT
$375B
$9.85M 1.54%
130,000
+122,000
+1,525% +$8.18M
PANW icon
20
Palo Alto Networks
PANW
$270B
$9.56M 1.49%
351,492
+95,610
+37% +$2.35M
AAPL icon
21
Apple
AAPL
$4.54T
$9.53M 1.49%
+349,600
New +$8.71M
WT icon
22
PUT
WisdomTree
WT
$2.96B
$9.35M 1.46%
+180,000
New +$2.16M
EQIX icon
23
Equinix
EQIX
$101B
$8.86M 1.38%
26,802
-51,414
-66% -$15.6M
JACK icon
24
Jack in the Box
JACK
$312M
$8.48M 1.32%
+132,842
New +$9.34M
SBUX icon
25
Starbucks
SBUX
$120B
$8.46M 1.32%
141,704
-25,781
-15% -$1.5M
1
2 3 4 5

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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.