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Tourbillon Capital Partners Portfolio holdings
AUM
$6.26M
1-Year Est. Return
42.29%
This Fund
S&P 500
This Quarter
Est. Return
+3.47%
1 Year Est. Return
-42.29%
3 Year Est. Return
-18.38%
5 Year Est. Return
+32.21%
10 Year Est. Return
–
AUM
$2.7B
AUM Growth
-$1.42B
(-35%)
Cap. Flow
-$1.49B
Cap. Flow
% of AUM
-55.02%
Top 10 Holdings %
Top 10 Hldgs %
60.52%
Holding
69
New
16
Increased
13
Reduced
16
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$90.5M |
| 2 |
AET
Aetna Inc
AET
|
+$43M |
| 3 |
Spectrum Brands
SPB
|
+$37.3M |
| 4 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$26.4M |
| 5 |
Visa
V
|
+$24.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$164M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$132M |
| 3 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$119M |
| 4 |
Gartner
IT
|
+$114M |
| 5 |
Corpay
CPAY
|
+$107M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 13.22% |
| 2 | Healthcare | 13.15% |
| 3 | Financials | 6.5% |
| 4 | Technology | 6.39% |
| 5 | Industrials | 4.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Incyte
INCY
$24.3B
| $27.9M | 1.03% |
294,607
+39,607
| +16% | +$4.14M |
|
|
EVHC
27
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $26.1M | 0.97% |
+756,259
| New | +$26.4M |
|
|
28
Visa
V
$678B
| $25.7M | 0.95% |
+225,000
| New | +$24.8M |
|
29
Merck
MRK
$322B
| $23.9M | 0.88% |
+445,400
| New | +$24.7M |
|
30
Humana
HUM
$44.4B
| $22.3M | 0.83% |
+90,000
| New | +$22.2M |
|
|
GPP
31
DELISTED
Green Plains Partners LP
GPP
| $21.6M | 0.8% |
1,153,423
-1,209,043
| -51% | -$23.2M |
|
|
GWPH
32
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $19.6M | 0.72% |
+148,327
| New | +$17.4M |
|
33
Warner Bros
WBD
$64.1B
| $18.7M | 0.69% |
834,179
-3,050,821
| -79% | -$59.6M |
|
|
RDUS
34
CALL
DELISTED
Radius Health, Inc.
RDUS
| $15.9M | 0.59% |
500,000
-250,000
| -33% | -$7.84M |
|
35
Republic Services
RSG
$64.8B
| $13.5M | 0.5% |
+200,000
| New | +$12.9M |
|
|
MIC
36
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $11.8M | 0.44% |
183,575
| – | – |
|
37
Boston Scientific
BSX
$66.9B
| $11.2M | 0.41% |
+450,000
| New | +$12.4M |
|
|
FOLD
38
CALL
DELISTED
Amicus Therapeutics
FOLD
| $10.1M | 0.37% |
700,000
+450,000
| +180% | +$6.18M |
|
|
FOLD
39
PUT
DELISTED
Amicus Therapeutics
FOLD
| $10.1M | 0.37% |
700,000
+450,000
| +180% | +$6.18M |
|
40
Post Holdings
POST
$4.17B
| $9.92M | 0.37% |
191,283
-1,457,441
| -88% | -$77.5M |
|
41
Leidos
LDOS
$14.1B
| $5M | 0.19% |
77,477
-423,952
| -85% | -$26.6M |
|
|
GBT
42
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $4.95M | 0.18% |
+125,787
| New | +$4.7M |
|
|
43
CALL
Boston Scientific
BSX
$66.9B
| $4.09M | 0.15% |
+165,200
| New | +$4.56M |
|
44
Voyager Therapeutics
VYGR
$185M
| $3.82M | 0.14% |
+230,000
| New | +$3.94M |
|
45
Krystal Biotech
KRYS
$10.3B
| $2.65M | 0.1% |
252,348
+2,348
| +0.9% | +$23.5K |
|
|
NITE
46
DELISTED
Nightstar Therapeutics plc American Depositary Shares
NITE
| $2.24M | 0.08% |
170,952
+19,952
| +13% | +$359K |
|
47
Newmark Group
NMRK
$2.63B
| $795K | 0.03% |
+50,000
| New | +$765K |
|
48
AMC Global Media
AMCX
$492M
| – | – |
-817,016
| Closed | -$47.8M |
|
49
CALL
Cognizant
CTSH
$24.2B
| – | – |
-1,000,000
| Closed | -$72.5M |
|
|
DBVT
50
DBV Technologies
DBVT
$805M
| – | – |
-11,500
| Closed | -$4.88M |
|
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Tourbillon Capital Partners's Q4 2017 Portfolio in Review
As of Q4 2017, Tourbillon Capital Partners held 69 positions worth $2.7B, down 35% from $4.13B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Tourbillon Capital Partners withdrew a net $1.49B in Q4 2017, closing 22 positions and reducing 16 holdings. Its most notable exit was eBay, an estimated $164M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 13% of assets, up from 10% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Tourbillon Capital Partners opened a new position in Howmet Aerospace worth $97.3M.
- Tourbillon Capital Partners's largest Q4 2017 buy was Howmet Aerospace: 4,654,447 shares worth $97.3M.
- Tourbillon Capital Partners added most to Spectrum Brands in Q4 2017, an estimated $37.3M increase.
- Tourbillon Capital Partners's biggest Q4 2017 reduction was DISH Network Corp., cutting an estimated $132M.
- Tourbillon Capital Partners fully exited eBay in Q4 2017, selling an estimated $164M.
- Tourbillon Capital Partners's ten largest holdings make up 61% of its $2.7B portfolio in Q4 2017.
- Tourbillon Capital Partners opened 16 new positions and closed 22 in Q4 2017.
- Tourbillon Capital Partners's portfolio value fell 35% quarter-over-quarter to $2.7B.
Based on Tourbillon Capital Partners's 13F filing for Q4 2017, filed 14 Feb 2018.