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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
+39.39%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$383M
AUM Growth
+$63.5M
Cap. Flow
-$39M
Cap. Flow %
-10.16%
Top 10 Hldgs %
98.24%
Holding
12
New
1
Increased
2
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
EHTH icon
eHealth
EHTH
+$20.3M
2
MITK icon
Mitek Systems
MITK
+$8.67M
3
BNFT
Benefitfocus, Inc.
BNFT
+$6.85M

Top Sells

Rank Stock Value
1
TWLO icon
Twilio
TWLO
+$38.4M
2
VIAV icon
Viavi Solutions
VIAV
+$22.7M
3
BL icon
BlackLine
BL
+$5.21M
4
GDS icon
GDS Holdings
GDS
+$3.32M
5
IDCC icon
InterDigital
IDCC
+$2.89M

Sector Composition

Rank Sector Weight
1 Technology 75.96%
2 Financials 11.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDS icon
1
GDS Holdings
GDS
$6.67B
$53.1M 13.85%
666,397
-53,705
-7% -$3.32M
ZEN
2
DELISTED
ZENDESK INC
ZEN
$45.8M 11.95%
517,567
-367
-0.1% -$28.3K
EHTH icon
3
eHealth
EHTH
$44.4M
$45.5M 11.86%
462,818
+174,403
+60% +$20.3M
PI icon
4
Impinj
PI
$4.9B
$41.7M 10.88%
1,517,968
-31,855
-2% -$746K
BL icon
5
BlackLine
BL
$1.93B
$41.3M 10.77%
497,886
-78,014
-14% -$5.21M
NEWR
6
DELISTED
New Relic, Inc.
NEWR
$39.9M 10.42%
579,783
-24,280
-4% -$1.45M
IDCC icon
7
InterDigital
IDCC
$7.97B
$35.7M 9.32%
630,835
-54,441
-8% -$2.89M
TWLO icon
8
Twilio
TWLO
$30.1B
$28.4M 7.42%
129,598
-239,334
-65% -$38.4M
MITK icon
9
Mitek Systems
MITK
$776M
$27.5M 7.18%
2,862,394
+961,703
+51% +$8.67M
MX icon
10
Magnachip Semiconductor
MX
$126M
$17.6M 4.6%
1,712,814
– –
BNFT
11
DELISTED
Benefitfocus, Inc.
BNFT
$6.74M 1.76%
+625,949
New +$6.85M
VIAV icon
12
Viavi Solutions
VIAV
$9.33B
– –
-2,022,408
Closed -$22.7M

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Toronado Partners's Q2 2020 Portfolio in Review

As of Q2 2020, Toronado Partners held 12 positions worth $383M, up 20% from $320M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Toronado Partners withdrew a net $39M in Q2 2020, closing 1 position and reducing 7 holdings. Its most notable exit was Viavi Solutions, an estimated $22.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 76% of assets, down from 79% a quarter earlier, followed by Financials.

Against the trend, Toronado Partners opened a new position in Benefitfocus, Inc. worth $6.74M.

  • Toronado Partners's largest Q2 2020 buy was Benefitfocus, Inc.: 625,949 shares worth $6.74M.
  • Toronado Partners added most to eHealth in Q2 2020, an estimated $20.3M increase.
  • Toronado Partners's biggest Q2 2020 reduction was Twilio, cutting an estimated $38.4M.
  • Toronado Partners fully exited Viavi Solutions in Q2 2020, selling an estimated $22.7M.
  • Toronado Partners's ten largest holdings make up 98% of its $383M portfolio in Q2 2020.
  • Toronado Partners opened 1 new position and closed 1 in Q2 2020.
  • Toronado Partners's portfolio value rose 20% quarter-over-quarter to $383M.

Based on Toronado Partners's 13F filing for Q2 2020, filed 14 Aug 2020.