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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
+7.22%
1 Year Est. Return
+7.41%
3 Year Est. Return
+63.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.57B
AUM Growth
+$1.13B
(+78%)
Cap. Flow
-$5.2M
Cap. Flow
% of AUM
-0.2%
Top 10 Holdings %
Top 10 Hldgs %
77.83%
Holding
29
New
8
Increased
5
Reduced
11
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSG
The Stars Group Inc.
TSG
|
+$54.9M |
| 2 |
EGN
Energen
EGN
|
+$50.8M |
| 3 |
SUM
Summit Materials, Inc. Class A Common Stock
SUM
|
+$48.5M |
| 4 |
Equifax
EFX
|
+$37.2M |
| 5 |
Brink's
BCO
|
+$24.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ILG
ILG, Inc Common Stock
ILG
|
+$80.5M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$51.1M |
| 3 |
Coca-Cola Europacific Partners
CCEP
|
+$43.5M |
| 4 |
Sinclair Inc
SBGI
|
+$29.9M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$12.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 62.62% |
| 2 | Communication Services | 8.21% |
| 3 | Materials | 7.1% |
| 4 | Industrials | 6.67% |
| 5 | Healthcare | 6.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $974M | 37.85% |
+3,590,000
| New | +$969M |
|
2
PUT
Invesco QQQ Trust
QQQ
$489B
| $362M | 14.07% |
2,110,000
-1,110,000
| -34% | -$186M |
|
|
3
CALL
Equifax
EFX
$20.8B
| $143M | 5.54% |
+1,140,000
| New | +$135M |
|
|
SUM
4
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $115M | 4.46% |
4,443,579
+1,740,705
| +64% | +$48.5M |
|
|
5
Sinclair Inc
SBGI
$999M
| $80.2M | 3.12% |
2,493,986
-998,550
| -29% | -$29.9M |
|
6
PUT
State Street SPDR S&P Retail ETF
XRT
$359M
| $77.7M | 3.02% |
+1,600,000
| New | +$74.6M |
|
7
Eagle Materials
EXP
$5.97B
| $67.9M | 2.64% |
646,802
-77,000
| -11% | -$8.11M |
|
|
8
Brink's
BCO
$4.48B
| $63.5M | 2.47% |
796,600
+325,400
| +69% | +$24.6M |
|
9
IQVIA
IQV
$44.1B
| $60.1M | 2.34% |
602,241
-41,683
| -6% | -$4.16M |
|
|
TSG
10
DELISTED
The Stars Group Inc.
TSG
| $59.8M | 2.33% |
+1,648,256
| New | +$54.9M |
|
11
Broadcom
AVGO
$1.7T
| $58.9M | 2.29% |
2,428,500
-218,000
| -8% | -$5.34M |
|
12
Intercontinental Exchange
ICE
$90.5B
| $57.4M | 2.23% |
780,230
-33,500
| -4% | -$2.44M |
|
|
EGN
13
DELISTED
Energen
EGN
| $56.4M | 2.19% |
+774,200
| New | +$50.8M |
|
14
CALL
VeriSign
VRSN
$26.4B
| $55M | 2.14% |
+400,000
| New | +$51.3M |
|
15
Nexstar Media Group
NXST
$5.45B
| $53.3M | 2.07% |
725,693
-7,500
| -1% | -$507K |
|
|
ADSW
16
DELISTED
Advanced Disposal Services Inc
ADSW
| $50.6M | 1.97% |
2,040,700
+840,700
| +70% | +$19.5M |
|
|
MDCO
17
DELISTED
Medicines Co
MDCO
| $49.9M | 1.94% |
1,360,560
-373,932
| -22% | -$12.2M |
|
18
HCA Healthcare
HCA
$87.7B
| $46.9M | 1.82% |
457,277
-65,000
| -12% | -$6.58M |
|
|
19
VeriSign
VRSN
$26.4B
| $46.3M | 1.8% |
336,700
-42,900
| -11% | -$5.5M |
|
|
20
Equifax
EFX
$20.8B
| $39.3M | 1.53% |
+314,090
| New | +$37.2M |
|
21
Middleby
MIDD
$5.05B
| $18.3M | 0.71% |
+175,000
| New | +$19.8M |
|
22
Gray Television
GTN
$510M
| $18M | 0.7% |
1,137,790
-160,000
| -12% | -$1.92M |
|
|
MRNS
23
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $13.5M | 0.52% |
476,367
+240,292
| +102% | +$5.33M |
|
24
Forestar Group
FOR
$1.42B
| $6.99M | 0.27% |
336,765
+51,765
| +18% | +$1.16M |
|
25
British American Tobacco
BTI
$119B
| – | – |
-165,000
| Closed | -$9.52M |
|
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Three Bays Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Three Bays Capital held 29 positions worth $2.57B, up 78% from $1.44B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Three Bays Capital's Q2 2018 filing shows 8 new, 5 increased, 11 reduced and 5 closed positions. Its largest new stake was The Stars Group Inc.: 1,648,256 shares worth $59.8M. The largest sale was ILG, Inc Common Stock, an estimated $80.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 63% of assets, up from 36% a quarter earlier, followed by Communication Services and Materials.
- Three Bays Capital's largest Q2 2018 buy was The Stars Group Inc.: 1,648,256 shares worth $59.8M.
- Three Bays Capital added most to Summit Materials, Inc. Class A Common Stock in Q2 2018, an estimated $48.5M increase.
- Three Bays Capital's biggest Q2 2018 reduction was Sinclair Inc, cutting an estimated $29.9M.
- Three Bays Capital fully exited ILG, Inc Common Stock in Q2 2018, selling an estimated $80.5M.
- Three Bays Capital's ten largest holdings make up 78% of its $2.57B portfolio in Q2 2018.
- Three Bays Capital opened 8 new positions and closed 5 in Q2 2018.
- Three Bays Capital's portfolio value rose 78% quarter-over-quarter to $2.57B.
Based on Three Bays Capital's 13F filing for Q2 2018, filed 14 Aug 2018.