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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
+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 | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.36T
| $23.8M | 8.51% |
613,480
+423,600
| +223% | +$16.1M |
|
2
Meta Platforms (Facebook)
META
$1.42T
| $21.5M | 7.69% |
167,823
-60,698
| -27% | -$7.54M |
|
|
3
Electronic Arts
EA
$53B
| $18.4M | 6.55% |
+214,883
| New | +$17.2M |
|
|
4
Broadcom
AVGO
$1.85T
| $18M | 6.42% |
1,041,750
+410,970
| +65% | +$6.87M |
|
|
5
Charter Communications
CHTR
$17.3B
| $16.6M | 5.93% |
61,528
-50,421
| -45% | -$12.7M |
|
6
Visa
V
$684B
| $16.2M | 5.77% |
195,494
-27,963
| -13% | -$2.24M |
|
7
Alibaba
BABA
$293B
| $13.7M | 4.88% |
129,301
+39,173
| +43% | +$3.63M |
|
|
8
Amazon
AMZN
$2.92T
| $12.1M | 4.33% |
289,820
-813,220
| -74% | -$31.1M |
|
|
9
Qualcomm
QCOM
$155B
| $7.82M | 2.79% |
+114,200
| New | +$6.95M |
|
|
JOYY
10
JOYY Inc
JOYY
$3.71B
| $7.47M | 2.67% |
+140,246
| New | +$6.41M |
|
|
IPHI
11
DELISTED
INPHI CORPORATION
IPHI
| $6.18M | 2.21% |
+142,104
| New | +$5.49M |
|
12
Take-Two Interactive
TTWO
$45.4B
| $5.91M | 2.11% |
+131,200
| New | +$5.53M |
|
13
Microsoft
MSFT
$3.45T
| $5.79M | 2.07% |
+100,500
| New | +$5.67M |
|
14
Starbucks
SBUX
$120B
| $5.44M | 1.94% |
+100,400
| New | +$5.61M |
|
|
ECHO
15
EchoStar
ECHO
$24.4B
| $5.26M | 1.88% |
+148,080
| New | +$4.69M |
|
|
LOGM
16
DELISTED
LogMein, Inc.
LOGM
| $4.97M | 1.78% |
55,000
+27,336
| +99% | +$2.19M |
|
|
ATVI
17
DELISTED
Activision Blizzard
ATVI
| $4.83M | 1.72% |
109,000
-184,048
| -63% | -$7.71M |
|
18
Sony
SONY
$137B
| $4.51M | 1.61% |
+679,000
| New | +$4.35M |
|
19
PTC
PTC
$15.8B
| $4.33M | 1.55% |
97,675
-38,449
| -28% | -$1.59M |
|
20
Pacific Biosciences
PACB
$435M
| $3.68M | 1.31% |
+410,876
| New | +$3.43M |
|
21
Booking.com
BKNG
$149B
| $3.38M | 1.21% |
+57,500
| New | +$3.21M |
|
|
EPAY
22
DELISTED
Bottomline Technologies Inc
EPAY
| $3.19M | 1.14% |
+136,811
| New | +$3M |
|
23
Autodesk
ADSK
$49.5B
| $3.13M | 1.12% |
+43,306
| New | +$2.73M |
|
|
DISH
24
DELISTED
DISH Network Corp.
DISH
| $3.12M | 1.11% |
+57,000
| New | +$2.95M |
|
25
Constellation Brands
STZ
$22.2B
| $3.1M | 1.11% |
18,600
-57,503
| -76% | -$9.48M |
|
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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.