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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
+8.97%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$359M
AUM Growth
-$24.3M
Cap. Flow
-$40.9M
Cap. Flow %
-11.39%
Top 10 Hldgs %
90.93%
Holding
12
New
1
Increased
3
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
TENB icon
Tenable Holdings
TENB
+$29.6M
2
BNFT
Benefitfocus, Inc.
BNFT
+$3.35M
3
MITK icon
Mitek Systems
MITK
+$1.38M
4
MX icon
Magnachip Semiconductor
MX
+$238K

Top Sells

Rank Stock Value
1
GDS icon
GDS Holdings
GDS
+$18.7M
2
IDCC icon
InterDigital
IDCC
+$13.6M
3
TWLO icon
Twilio
TWLO
+$9.86M
4
NEWR
New Relic, Inc.
NEWR
+$9.24M
5
EHTH icon
eHealth
EHTH
+$8.91M

Sector Composition

Rank Sector Weight
1 Technology 82.61%
2 Financials 7.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZEN
1
DELISTED
ZENDESK INC
ZEN
$44.5M 12.4%
432,567
-85,000
-16% -$7.95M
BL icon
2
BlackLine
BL
$1.93B
$38.6M 10.76%
431,043
-66,843
-13% -$5.61M
PI icon
3
Impinj
PI
$4.9B
$38.4M 10.7%
1,458,112
-59,856
-4% -$1.58M
MITK icon
4
Mitek Systems
MITK
$776M
$38M 10.59%
2,985,204
+122,810
+4% +$1.38M
GDS icon
5
GDS Holdings
GDS
$6.67B
$35.4M 9.87%
432,870
-233,527
-35% -$18.7M
TENB icon
6
Tenable Holdings
TENB
$3.83B
$32.6M 9.07%
+863,051
New +$29.6M
EHTH icon
7
eHealth
EHTH
$44.4M
$27.9M 7.76%
352,852
-109,966
-24% -$8.91M
NEWR
8
DELISTED
New Relic, Inc.
NEWR
$24.1M 6.73%
428,462
-151,321
-26% -$9.24M
MX icon
9
Magnachip Semiconductor
MX
$126M
$23.7M 6.61%
1,732,814
+20,000
+1% +$238K
IDCC icon
10
InterDigital
IDCC
$7.97B
$23.1M 6.43%
404,533
-226,302
-36% -$13.6M
TWLO icon
11
Twilio
TWLO
$30.1B
$22.1M 6.17%
89,598
-40,000
-31% -$9.86M
BNFT
12
DELISTED
Benefitfocus, Inc.
BNFT
$10.4M 2.9%
931,084
+305,135
+49% +$3.35M

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Toronado Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Toronado Partners held 12 positions worth $359M, down 6.3% from $383M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Toronado Partners withdrew a net $40.9M in Q3 2020, reducing 8 holdings. Its largest reduction was GDS Holdings, cutting an estimated $18.7M.

By sector, the portfolio is most concentrated in Technology at 83% of assets, up from 76% a quarter earlier, followed by Financials.

Against the trend, Toronado Partners opened a new position in Tenable Holdings worth $32.6M.

  • Toronado Partners's largest Q3 2020 buy was Tenable Holdings: 863,051 shares worth $32.6M.
  • Toronado Partners added most to Benefitfocus, Inc. in Q3 2020, an estimated $3.35M increase.
  • Toronado Partners's biggest Q3 2020 reduction was GDS Holdings, cutting an estimated $18.7M.
  • Toronado Partners's ten largest holdings make up 91% of its $359M portfolio in Q3 2020.
  • Toronado Partners opened 1 new position and closed 0 in Q3 2020.
  • Toronado Partners's portfolio value fell 6.3% quarter-over-quarter to $359M.

Based on Toronado Partners's 13F filing for Q3 2020, filed 13 Nov 2020.