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Three Bays Capital Portfolio holdings
AUM
$848M
1-Year Est. Return
7.41%
This Fund
S&P 500
This Quarter
Est. Return
+2.17%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.41B
AUM Growth
+$32.7M
(+1.4%)
Cap. Flow
+$155M
Cap. Flow
% of AUM
6.44%
Top 10 Holdings %
Top 10 Hldgs %
78.1%
Holding
33
New
10
Increased
9
Reduced
6
Closed
8
Top Buys
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$118M |
| 2 |
CY
Cypress Semiconductor
CY
|
+$77.6M |
| 3 |
Televisa
TV
|
+$58.8M |
| 4 |
Aramark
ARMK
|
+$46.9M |
| 5 |
Cheniere Energy
LNG
|
+$45.1M |
Top Sells
| 1 |
Applied Materials
AMAT
|
+$96.1M |
| 2 |
Qorvo
QRVO
|
+$89.4M |
| 3 |
AGN
Allergan plc
AGN
|
+$50.2M |
| 4 |
Intercontinental Exchange
ICE
|
+$44.2M |
| 5 |
Cadence Design Systems
CDNS
|
+$41.1M |
Sector Composition
| 1 | Technology | 14.8% |
| 2 | Consumer Discretionary | 5.88% |
| 3 | Healthcare | 4.31% |
| 4 | Financials | 3.75% |
| 5 | Energy | 3.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $439M | 18.23% |
3,520,000
+920,000
| +35% | +$115M |
|
|
APC
2
CALL
DELISTED
Anadarko Petroleum
APC
| $384M | 15.94% |
4,920,000
+2,170,000
| +79% | +$188M |
|
3
PUT
VanEck Semiconductor ETF
SMH
$67.5B
| $225M | 9.33% |
8,240,000
+5,440,000
| +194% | +$154M |
|
|
CY
4
DELISTED
Cypress Semiconductor
CY
| $166M | 6.89% |
14,123,831
+5,895,000
| +72% | +$77.6M |
|
5
Churchill Downs
CHDN
$5.85B
| $142M | 5.88% |
6,804,750
+322,404
| +5% | +$6.51M |
|
|
6
Cadence Design Systems
CDNS
$91B
| $137M | 5.67% |
6,950,489
-2,118,500
| -23% | -$41.1M |
|
|
BRCM
7
DELISTED
BROADCOM CORP CL-A
BRCM
| $125M | 5.19% |
+2,431,000
| New | +$118M |
|
|
AGN
8
DELISTED
Allergan plc
AGN
| $91.1M | 3.78% |
300,239
-168,400
| -36% | -$50.2M |
|
|
9
Intercontinental Exchange
ICE
$79B
| $90.4M | 3.75% |
2,021,500
-952,500
| -32% | -$44.2M |
|
|
10
Cheniere Energy
LNG
$55B
| $82.8M | 3.43% |
1,195,019
+602,349
| +102% | +$45.1M |
|
|
HOUS
11
DELISTED
Anywhere Real Estate
HOUS
| $65.6M | 2.72% |
1,403,514
-170,000
| -11% | -$7.9M |
|
|
12
Televisa
TV
$1.43B
| $61.9M | 2.57% |
+1,595,711
| New | +$58.8M |
|
|
13
Aramark
ARMK
$14.9B
| $58.8M | 2.44% |
2,631,500
+2,077,500
| +375% | +$46.9M |
|
|
CY
14
CALL
DELISTED
Cypress Semiconductor
CY
| $56.4M | 2.34% |
4,800,000
+1,800,000
| +60% | +$23.7M |
|
15
Axalta
AXTA
$6.92B
| $45.1M | 1.87% |
+1,364,453
| New | +$45.1M |
|
|
16
CALL
Cheniere Energy
LNG
$55B
| $43.3M | 1.8% |
+625,000
| New | +$46.8M |
|
17
Broadcom
AVGO
$1.76T
| $37.9M | 1.57% |
+2,850,000
| New | +$37.3M |
|
|
18
CALL
Applied Materials
AMAT
$421B
| $36.5M | 1.52% |
1,900,000
-17,470,000
| -90% | -$359M |
|
19
CALL
SPDR Gold Trust
GLD
$130B
| $31.5M | 1.31% |
280,200
-430,000
| -61% | -$49.2M |
|
20
PUT
Tidewater
TDW
$3.77B
| $28.4M | 1.18% |
+38,750
| New | +$31.5M |
|
21
CALL
Micron Technology
MU
$959B
| $20.7M | 0.86% |
+1,100,000
| New | +$29.3M |
|
22
Sensata Technologies
ST
$6.55B
| $16.1M | 0.67% |
+306,000
| New | +$17.1M |
|
|
KERX
23
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $12.8M | 0.53% |
1,284,000
+395,000
| +44% | +$4.24M |
|
|
AGN.PRA
24
DELISTED
Allergan plc
AGN.PRA
| $7.84M | 0.33% |
+7,500
| New | +$7.85M |
|
|
INXN
25
DELISTED
Interxion Holding N.V.
INXN
| $4.7M | 0.2% |
+170,000
| New | +$5.04M |
|
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Three Bays Capital's Q2 2015 Portfolio in Review
As of Q2 2015, Three Bays Capital held 33 positions worth $2.41B, up 1.4% from $2.38B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Three Bays Capital deployed $155M of net new capital in Q2 2015, opening 10 new positions and adding to 9 existing holdings. Its largest new stake was BROADCOM CORP CL-A: 2,431,000 shares worth $125M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was Allergan plc, an estimated $50.2M trimmed.
- Three Bays Capital's largest Q2 2015 buy was BROADCOM CORP CL-A: 2,431,000 shares worth $125M.
- Three Bays Capital added most to Cypress Semiconductor in Q2 2015, an estimated $77.6M increase.
- Three Bays Capital's biggest Q2 2015 reduction was Allergan plc, cutting an estimated $50.2M.
- Three Bays Capital fully exited Applied Materials in Q2 2015, selling an estimated $96.1M.
- Three Bays Capital's ten largest holdings make up 78% of its $2.41B portfolio in Q2 2015.
- Three Bays Capital opened 10 new positions and closed 8 in Q2 2015.
- Three Bays Capital's portfolio value rose 1.4% quarter-over-quarter to $2.41B.
Based on Three Bays Capital's 13F filing for Q2 2015, filed 14 Aug 2015.