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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
+30.48%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$377M
AUM Growth
+$18.3M
Cap. Flow
-$73M
Cap. Flow %
-19.34%
Top 10 Hldgs %
96.43%
Holding
13
New
1
Increased
2
Reduced
7
Closed
2

Top Buys

Rank Stock Value
1
TREE icon
LendingTree
TREE
+$31M
2
GDS icon
GDS Holdings
GDS
+$5.27M
3
MX icon
Magnachip Semiconductor
MX
+$3.34M

Top Sells

Rank Stock Value
1
EHTH icon
eHealth
EHTH
+$27.9M
2
NEWR
New Relic, Inc.
NEWR
+$24.1M
3
PI icon
Impinj
PI
+$18.2M
4
BL icon
BlackLine
BL
+$12.6M
5
ZEN
ZENDESK INC
ZEN
+$8.97M

Sector Composition

Rank Sector Weight
1 Technology 88.86%
2 Financials 7.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZEN
1
DELISTED
ZENDESK INC
ZEN
$51.6M 13.66%
360,201
-72,366
-17% -$8.97M
GDS icon
2
GDS Holdings
GDS
$6.67B
$46.1M 12.21%
492,206
+59,336
+14% +$5.27M
TENB icon
3
Tenable Holdings
TENB
$3.83B
$44.5M 11.79%
851,223
-11,828
-1% -$469K
MITK icon
4
Mitek Systems
MITK
$776M
$43.4M 11.49%
2,438,849
-546,355
-18% -$7.56M
BL icon
5
BlackLine
BL
$1.93B
$42.4M 11.25%
318,215
-112,828
-26% -$12.6M
PI icon
6
Impinj
PI
$4.9B
$39.1M 10.37%
934,768
-523,344
-36% -$18.2M
TREE icon
7
LendingTree
TREE
$460M
$28.6M 7.57%
+104,312
New +$31M
MX icon
8
Magnachip Semiconductor
MX
$126M
$26.7M 7.08%
1,975,239
+242,425
+14% +$3.34M
TWLO icon
9
Twilio
TWLO
$30B
$23M 6.11%
68,057
-21,541
-24% -$6.73M
IDCC icon
10
InterDigital
IDCC
$7.97B
$18.5M 4.9%
304,415
-100,118
-25% -$6M
BNFT
11
DELISTED
Benefitfocus, Inc.
BNFT
$13.5M 3.57%
931,084
– –
EHTH icon
12
eHealth
EHTH
$44.4M
– –
-352,852
Closed -$27.9M
NEWR
13
DELISTED
New Relic, Inc.
NEWR
– –
-428,462
Closed -$24.1M

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Toronado Partners's Q4 2020 Portfolio in Review

As of Q4 2020, Toronado Partners held 13 positions worth $377M, up 5.1% from $359M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Toronado Partners withdrew a net $73M in Q4 2020, closing 2 positions and reducing 7 holdings. Its most notable exit was eHealth, an estimated $27.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 89% of assets, up from 83% a quarter earlier, followed by Financials.

Against the trend, Toronado Partners opened a new position in LendingTree worth $28.6M.

  • Toronado Partners's largest Q4 2020 buy was LendingTree: 104,312 shares worth $28.6M.
  • Toronado Partners added most to GDS Holdings in Q4 2020, an estimated $5.27M increase.
  • Toronado Partners's biggest Q4 2020 reduction was Impinj, cutting an estimated $18.2M.
  • Toronado Partners fully exited eHealth in Q4 2020, selling an estimated $27.9M.
  • Toronado Partners's ten largest holdings make up 96% of its $377M portfolio in Q4 2020.
  • Toronado Partners opened 1 new position and closed 2 in Q4 2020.
  • Toronado Partners's portfolio value rose 5.1% quarter-over-quarter to $377M.

Based on Toronado Partners's 13F filing for Q4 2020, filed 12 Feb 2021.