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TM
Thrax Management Portfolio holdings
AUM
$547M
Turnover
81.13%
1-Year Est. Return
26.41%
This Fund
S&P 500
This Quarter Est. Return
+7%
1 Year Est. Return
+26.41%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$648M
AUM Growth
+$6.58M
(+1%)
Cap. Flow
-$148M
Cap. Flow % of AUM
Cap. Flow %
-22.81%
Top 10 Holdings %
Top 10 Hldgs %
46.46%
Holding
191
New
78
Increased
16
Reduced
28
Closed
61
Avg Time Held
Equity + Options
0.1
years
Top 10 Avg Time Held
Equity + Options
0.2
years
Top 20 Avg Time Held
Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kellanova
K
|
+$45.2M |
| 2 |
Amazon
AMZN
|
+$30.8M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$22.3M |
| 4 |
ATVI
Activision Blizzard
ATVI
|
+$10.8M |
| 5 |
Alibaba
BABA
|
+$7.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
|
+$57.4M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$20.4M |
| 3 |
PFPT
Proofpoint, Inc.
PFPT
|
+$18.7M |
| 4 |
Netflix
NFLX
|
+$18.5M |
| 5 |
Salesforce
CRM
|
+$18.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 50.97% |
| 2 | Consumer Staples | 11.38% |
| 3 | Communication Services | 11.1% |
| 4 | Technology | 9.22% |
| 5 | Consumer Discretionary | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
CALL
DELISTED
Kellanova
K
| $69M | 10.65% |
+899,925
| New | +$64.6M |
2016 Q2
0 quarters
|
|
|
2
DELISTED
Kellanova
K
| $48.3M | 7.45% |
+629,909
| New | +$45.2M |
2016 Q2
0 quarters
|
|
|
3
Amazon
AMZN
$2.59T
| $39.5M | 6.09% |
1,103,040
+910,880
| +474% | +$30.8M |
2015 Q4
2 quarters
|
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $36.7M | 5.67% |
977,541
+605,341
| +163% | +$22.3M |
2016 Q1
1 quarter
|
|
5
Meta Platforms (Facebook)
META
$1.6T
| $26.1M | 4.03% |
228,521
-106,521
| -32% | -$12.3M |
2015 Q4
2 quarters
|
|
6
Charter Communications
CHTR
$12.8B
| $25.6M | 3.95% |
111,949
-41,476
| -27% | -$8.91M |
2015 Q4
2 quarters
|
|
7
Visa
V
$773B
| $16.6M | 2.56% |
223,457
-102,839
| -32% | -$8.05M |
2015 Q4
2 quarters
|
|
|
8
Salesforce
CRM
$189B
| $13.5M | 2.08% |
169,978
-231,584
| -58% | -$18.2M |
2015 Q4
2 quarters
|
|
9
PUT
Constellation Brands
STZ
$22.9B
| $13.2M | 2.04% |
+80,000
| New | +$12.5M |
2016 Q2
0 quarters
|
|
|
10
Constellation Brands
STZ
$22.9B
| $12.6M | 1.94% |
76,103
-17,979
| -19% | -$2.81M |
2016 Q1
1 quarter
|
|
11
The Kraft Heinz Company
KHC
$28.9B
| $12M | 1.85% |
135,727
-78,129
| -37% | -$6.43M |
2016 Q1
1 quarter
|
|
|
ATVI
12
DELISTED
Activision Blizzard
ATVI
| $11.6M | 1.79% |
+293,048
| New | +$10.8M |
2016 Q2
0 quarters
|
|
|
13
CALL
Constellation Brands
STZ
$22.9B
| $10.8M | 1.66% |
+65,000
| New | +$10.2M |
2016 Q2
0 quarters
|
|
14
Broadcom
AVGO
$1.56T
| $9.8M | 1.51% |
630,780
-597,750
| -49% | -$9.1M |
2015 Q4
2 quarters
|
|
|
AVG
15
CALL
DELISTED
AVG Technologies N.V.
AVG
| $9.32M | 1.44% |
+60,000
| New | +$1.17M |
2016 Q2
0 quarters
|
|
|
16
CALL
Visa
V
$773B
| $8.16M | 1.26% |
110,000
+70,000
| +175% | +$5.48M |
2015 Q4
2 quarters
|
|
17
PUT
Protolabs
PRLB
$1.64B
| $7.77M | 1.2% |
+135,000
| New | +$9.01M |
2016 Q2
0 quarters
|
|
18
PUT
Baidu
BIDU
$26B
| $7.6M | 1.17% |
+46,000
| New | +$8.08M |
2016 Q2
0 quarters
|
|
|
19
Alibaba
BABA
$244B
| $7.17M | 1.11% |
+90,128
| New | +$7.05M |
2016 Q2
0 quarters
|
|
|
20
CALL
Amazon
AMZN
$2.59T
| $7.16M | 1.1% |
+200,000
| New | +$6.76M |
2016 Q2
0 quarters
|
|
21
CALL
Alphabet (Google) Class C
GOOG
$3.42T
| $6.92M | 1.07% |
+200,000
| New | +$7.18M |
2016 Q2
0 quarters
|
|
|
22
CALL
Alphabet (Google) Class A
GOOGL
$3.44T
| $6.92M | 1.07% |
+200,000
| New | +$7.34M |
2016 Q2
0 quarters
|
|
23
PUT
Lumen Technologies, Inc. Common Stock
LUMN
$5.03B
| $6.67M | 1.03% |
230,000
+50,000
| +28% | +$1.46M |
2016 Q1
1 quarter
|
|
|
24
Alphabet (Google) Class C
GOOG
$3.42T
| $6.57M | 1.01% |
189,880
-441,340
| -70% | -$15.9M |
2015 Q4
2 quarters
|
|
25
PUT
Boeing
BA
$136B
| $6.49M | 1% |
50,000
-95,000
| -66% | -$12.4M |
2016 Q1
1 quarter
|
|
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Thrax Management's Q2 2016 Portfolio in Review
As of Q2 2016, Thrax Management held 191 positions worth $648M, up 1% from $641M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Thrax Management withdrew a net $148M in Q2 2016, closing 61 positions and reducing 28 holdings. Its most notable exit was CABLEVISION SYS CP NY GRP CL-A, an estimated $57.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, up from 27% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Thrax Management opened a new position in Kellanova worth $48.3M.
- Thrax Management's largest Q2 2016 buy was Kellanova: 629,909 shares worth $48.3M.
- Thrax Management added most to Amazon in Q2 2016, an estimated $30.8M increase.
- Thrax Management's biggest Q2 2016 reduction was Alphabet (Google) Class A, cutting an estimated $20.4M.
- Thrax Management fully exited CABLEVISION SYS CP NY GRP CL-A in Q2 2016, selling an estimated $57.4M.
- Thrax Management's ten largest holdings make up 46% of its $648M portfolio in Q2 2016.
- Thrax Management opened 78 new positions and closed 61 in Q2 2016.
- Thrax Management's portfolio value rose 1% quarter-over-quarter to $648M.
Based on Thrax Management's 13F filing for Q2 2016, filed 12 Aug 2016.