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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 | |
|---|---|---|---|---|---|---|
|
51
eBay
EBAY
$50.6B
| – | – |
-4,254,663
| Closed | -$164M |
|
52
CALL
Equifax
EFX
$20.3B
| – | – |
-400,000
| Closed | -$42.4M |
|
|
53
Equifax
EFX
$20.3B
| – | – |
-300,000
| Closed | -$31.8M |
|
|
54
PUT
Equifax
EFX
$20.3B
| – | – |
-400,000
| Closed | -$42.4M |
|
55
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$346M
| – | – |
-250,000
| Closed | -$28.5M |
|
56
CALL
GE Aerospace
GE
$374B
| – | – |
-208,662
| Closed | -$24.2M |
|
57
Green Plains
GPRE
$1.18B
| – | – |
-1,042,953
| Closed | -$21M |
|
|
58
Gartner
IT
$10.1B
| – | – |
-912,822
| Closed | -$114M |
|
59
PUT
iShares Russell 2000 ETF
IWM
$79.8B
| – | – |
-500,000
| Closed | -$74.1M |
|
60
Labcorp
LH
$25.4B
| – | – |
-314,123
| Closed | -$40.7M |
|
61
McKesson
MCK
$100B
| – | – |
-225,337
| Closed | -$34.6M |
|
62
PUT
NetEase
NTES
$85.3B
| – | – |
-225,000
| Closed | -$11.9M |
|
63
Dentsply Sirona
XRAY
$2.68B
| – | – |
-440,000
| Closed | -$26.3M |
|
|
ITCI
64
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| – | – |
-375,000
| Closed | -$5.92M |
|
|
SGEN
65
DELISTED
Seagen Inc. Common Stock
SGEN
| – | – |
-805,000
| Closed | -$43.8M |
|
|
RDUS
66
DELISTED
Radius Health, Inc.
RDUS
| – | – |
-1,437,611
| Closed | -$45.1M |
|
|
RDUS
67
PUT
DELISTED
Radius Health, Inc.
RDUS
| – | – |
-300,000
| Closed | -$11.6M |
|
|
P
68
CALL
DELISTED
Pandora Media Inc
P
| – | – |
-700,000
| Closed | -$5.39M |
|
|
P
69
DELISTED
Pandora Media Inc
P
| – | – |
-8,861,911
| Closed | -$68.2M |
|
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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.