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Toronado Partners Portfolio holdings

AUM $53M
1-Year Est. Return 13.38%
This Fund
S&P 500
This Quarter Est. Return
+9.36%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$352M
AUM Growth
+$59.7M
Cap. Flow
+$38.8M
Cap. Flow %
11.02%
Top 10 Hldgs %
90.8%
Holding
13
New
1
Increased
7
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
IDCC icon
InterDigital
IDCC
+$33.7M
2
PI icon
Impinj
PI
+$12.7M
3
ZEN
ZENDESK INC
ZEN
+$9.14M
4
BL icon
BlackLine
BL
+$8.83M
5
TWLO icon
Twilio
TWLO
+$8.69M

Top Sells

Rank Stock Value
1
CBLK
Carbon Black, Inc. Common Stock
CBLK
+$37.4M
2
NEWR
New Relic, Inc.
NEWR
+$3.03M
3
VIAV icon
Viavi Solutions
VIAV
+$2M

Sector Composition

Rank Sector Weight
1 Technology 72.53%
2 Financials 10.3%
3 Communication Services 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDS icon
1
GDS Holdings
GDS
$6.67B
$46.5M 13.2%
900,698
+101,537
+13% +$4.55M
EHTH icon
2
eHealth
EHTH
$44.4M
$36.2M 10.3%
377,254
+4,636
+1% +$360K
BL icon
3
BlackLine
BL
$1.93B
$35M 9.94%
678,400
+176,868
+35% +$8.83M
NEWR
4
DELISTED
New Relic, Inc.
NEWR
$34.2M 9.73%
521,217
-46,687
-8% -$3.03M
IDCC icon
5
InterDigital
IDCC
$7.97B
$33.3M 9.45%
+610,510
New +$33.7M
ZEN
6
DELISTED
ZENDESK INC
ZEN
$28.8M 8.17%
375,377
+124,821
+50% +$9.14M
PI icon
7
Impinj
PI
$4.9B
$28.4M 8.05%
1,096,530
+407,113
+59% +$12.7M
VIAV icon
8
Viavi Solutions
VIAV
$9.33B
$27.9M 7.92%
1,858,073
-133,749
-7% -$2M
INXN
9
DELISTED
Interxion Holding N.V.
INXN
$26.2M 7.45%
312,831
– –
TWLO icon
10
Twilio
TWLO
$30.1B
$23.3M 6.61%
236,705
+85,100
+56% +$8.69M
MX icon
11
Magnachip Semiconductor
MX
$126M
$19.5M 5.53%
1,677,252
– –
MITK icon
12
Mitek Systems
MITK
$776M
$12.9M 3.67%
1,686,834
+383,750
+29% +$3.24M
CBLK
13
DELISTED
Carbon Black, Inc. Common Stock
CBLK
– –
-1,437,762
Closed -$37.4M

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Toronado Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Toronado Partners held 13 positions worth $352M, up 20% from $292M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Toronado Partners deployed $38.8M of net new capital in Q4 2019, opening 1 new position and adding to 7 existing holdings. Its largest new stake was InterDigital: 610,510 shares worth $33.3M.

By sector, the portfolio is most concentrated in Technology at 73% of assets, up from 71% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the largest reduction was New Relic, Inc., an estimated $3.03M trimmed.

  • Toronado Partners's largest Q4 2019 buy was InterDigital: 610,510 shares worth $33.3M.
  • Toronado Partners added most to Impinj in Q4 2019, an estimated $12.7M increase.
  • Toronado Partners's biggest Q4 2019 reduction was New Relic, Inc., cutting an estimated $3.03M.
  • Toronado Partners fully exited Carbon Black, Inc. Common Stock in Q4 2019, selling an estimated $37.4M.
  • Toronado Partners's ten largest holdings make up 91% of its $352M portfolio in Q4 2019.
  • Toronado Partners opened 1 new position and closed 1 in Q4 2019.
  • Toronado Partners's portfolio value rose 20% quarter-over-quarter to $352M.

Based on Toronado Partners's 13F filing for Q4 2019, filed 14 Feb 2020.