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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
-5.74%
1 Year Est. Return
+13.38%
3 Year Est. Return
+61.02%
5 Year Est. Return
+30.71%
10 Year Est. Return
–
AUM
$176M
AUM Growth
-$54.3M
Cap. Flow
-$36M
Cap. Flow %
-20.41%
Top 10 Hldgs %
97.57%
Holding
12
New
–
Increased
3
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
HLIT icon
Harmonic Inc
HLIT
+$14.4M
2
FN icon
Fabrinet
FN
+$9.5M
3
PI icon
Impinj
PI
+$1.95M

Top Sells

Rank Stock Value
1
TWLO icon
Twilio
TWLO
+$11M
2
AMPL icon
Amplitude
AMPL
+$10.6M
3
SITM icon
SiTime
SITM
+$9.23M
4
ESTC icon
Elastic
ESTC
+$8.96M
5
GDYN icon
Grid Dynamics Holdings
GDYN
+$6.5M

Sector Composition

Rank Sector Weight
1 Technology 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TENB icon
1
Tenable Holdings
TENB
$3.83B
$24.2M 13.72%
540,336
-130,013
-19% -$5.84M
FN icon
2
Fabrinet
FN
$16.4B
$23.3M 13.21%
139,827
+68,527
+96% +$9.5M
PI icon
3
Impinj
PI
$4.9B
$19.6M 11.1%
355,825
+28,700
+9% +$1.95M
HLIT icon
4
Harmonic Inc
HLIT
$1.27B
$19.4M 10.98%
2,011,532
+1,205,380
+150% +$14.4M
RSKD icon
5
Riskified
RSKD
$693M
$16.5M 9.35%
3,682,638
-740,065
-17% -$3.41M
ESTC icon
6
Elastic
ESTC
$7.17B
$16M 9.07%
196,862
-131,400
-40% -$8.96M
MITK icon
7
Mitek Systems
MITK
$776M
$14.9M 8.44%
1,389,348
-362,709
-21% -$4.06M
MX icon
8
Magnachip Semiconductor
MX
$126M
$14.9M 8.44%
1,790,975
-254,187
-12% -$2.22M
SITM icon
9
SiTime
SITM
$16.6B
$13.1M 7.41%
114,363
-74,902
-40% -$9.23M
TWLO icon
10
Twilio
TWLO
$30.1B
$10.3M 5.85%
176,277
-176,700
-50% -$11M
AMPL icon
11
Amplitude
AMPL
$1.25B
$4.29M 2.43%
371,095
-915,951
-71% -$10.6M
GDYN icon
12
Grid Dynamics Holdings
GDYN
$561M
– –
-702,458
Closed -$6.5M

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Toronado Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Toronado Partners held 12 positions worth $176M, down 24% from $231M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Toronado Partners withdrew a net $36M in Q3 2023, closing 1 position and reducing 8 holdings. Its most notable exit was Grid Dynamics Holdings, an estimated $6.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 100% of assets, unchanged from a quarter earlier.

Against the trend, Toronado Partners added an estimated $14.4M to Harmonic Inc.

  • Toronado Partners added most to Harmonic Inc in Q3 2023, an estimated $14.4M increase.
  • Toronado Partners's biggest Q3 2023 reduction was Twilio, cutting an estimated $11M.
  • Toronado Partners fully exited Grid Dynamics Holdings in Q3 2023, selling an estimated $6.5M.
  • Toronado Partners's ten largest holdings make up 98% of its $176M portfolio in Q3 2023.
  • Toronado Partners opened 0 new positions and closed 1 in Q3 2023.
  • Toronado Partners's portfolio value fell 24% quarter-over-quarter to $176M.

Based on Toronado Partners's 13F filing for Q3 2023, filed 13 Nov 2023.