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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
+9.47%
1 Year Est. Return
-42.29%
3 Year Est. Return
-18.38%
5 Year Est. Return
+32.21%
10 Year Est. Return
–
AUM
$1.73B
AUM Growth
-$404M
(-19%)
Cap. Flow
-$496M
Cap. Flow
% of AUM
-28.64%
Top 10 Holdings %
Top 10 Hldgs %
51.46%
Holding
108
New
31
Increased
19
Reduced
15
Closed
42
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$91.9M |
| 2 |
NXP Semiconductors
NXPI
|
+$35.2M |
| 3 |
CZR
Caesars Entertainment Corporation
CZR
|
+$27.3M |
| 4 |
Trip.com Group
TCOM
|
+$24M |
| 5 |
Spectrum Brands
SPB
|
+$23.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nokia
NOK
|
+$22M |
| 2 |
Green Plains
GPRE
|
+$19.6M |
| 3 |
Biogen
BIIB
|
+$18.4M |
| 4 |
BGC
General Cable Corporation
BGC
|
+$16.2M |
| 5 |
Owens Corning
OC
|
+$13.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 15.81% |
| 2 | Technology | 11.05% |
| 3 | Healthcare | 8.66% |
| 4 | Communication Services | 5.89% |
| 5 | Industrials | 3.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $147M | 8.48% |
750,000
-1,900,000
| -72% | -$361M |
|
|
AHD
2
CALL
DELISTED
ATLAS ENERGY L P COM UNITS REPSTG LTD PARTNER INT (DE)
AHD
| $114M | 6.55% |
2,529,000
+2,329,000
| +1,165% | +$105M |
|
|
AGN
3
DELISTED
Allergan Inc
AGN
| $99.8M | 5.77% |
+590,000
| New | +$91.9M |
|
|
DISH
4
DELISTED
DISH Network Corp.
DISH
| $97.6M | 5.64% |
1,500,000
+156,500
| +12% | +$9.4M |
|
5
PUT
iShares Russell 2000 ETF
IWM
$80.2B
| $89.1M | 5.15% |
750,000
+250,000
| +50% | +$28.4M |
|
6
CALL
NCR Voyix
VYX
$1.12B
| $86M | 4.96% |
3,993,500
| – | – |
|
7
Expedia Group
EXPE
$35.2B
| $74.8M | 4.32% |
950,000
+150,000
| +19% | +$10.9M |
|
|
8
Trip.com Group
TCOM
$29.3B
| $70.4M | 4.07% |
2,200,000
+890,000
| +68% | +$24M |
|
|
9
NCR Voyix
VYX
$1.12B
| $66.7M | 3.85% |
3,097,000
-81,500
| -3% | -$1.65M |
|
10
CALL
Apple
AAPL
$4.9T
| $46.5M | 2.68% |
+2,000,000
| New | +$42.6M |
|
|
ROC
11
DELISTED
ROCKWOOD HLDGS INC
ROC
| $45.6M | 2.63% |
600,000
+180,000
| +43% | +$13.2M |
|
12
Visteon
VC
$2.8B
| $43.2M | 2.49% |
445,000
-10,400
| -2% | -$944K |
|
|
13
NXP Semiconductors
NXPI
$61.8B
| $38.1M | 2.2% |
+575,000
| New | +$35.2M |
|
|
RCPT
14
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $37.3M | 2.15% |
875,300
+113,070
| +15% | +$3.9M |
|
|
15
Spectrum Brands
SPB
$2.04B
| $35.3M | 2.04% |
410,000
+301,000
| +276% | +$23.5M |
|
16
Archrock
AROC
$6.21B
| $34.2M | 1.97% |
760,000
+460,000
| +153% | +$19.9M |
|
|
DISH
17
CALL
DELISTED
DISH Network Corp.
DISH
| $33.2M | 1.92% |
510,000
+160,000
| +46% | +$9.61M |
|
18
PUT
MannKind Corp
MNKD
$1.27B
| $30.1M | 1.74% |
+550,000
| New | +$22.1M |
|
19
Armstrong World Industries
AWI
$7.37B
| $28.7M | 1.66% |
500,000
-140,000
| -22% | -$7.58M |
|
20
Western Digital
WDC
$184B
| $28.1M | 1.62% |
402,721
+177,811
| +79% | +$11.9M |
|
|
CZR
21
DELISTED
Caesars Entertainment Corporation
CZR
| $26.7M | 1.54% |
+1,475,000
| New | +$27.3M |
|
22
CALL
Darden Restaurants
DRI
$23.7B
| $25.4M | 1.47% |
+615,281
| New | +$27.2M |
|
|
ACAS
23
DELISTED
American Capital Ltd
ACAS
| $24.5M | 1.41% |
1,600,000
+600,000
| +60% | +$8.95M |
|
|
AGN
24
DELISTED
Allergan plc
AGN
| $22.3M | 1.29% |
100,000
-35,500
| -26% | -$7.35M |
|
25
PUT
iShares US Real Estate ETF
IYR
$4.69B
| $21.5M | 1.24% |
300,000
-700,000
| -70% | -$49.3M |
|
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Tourbillon Capital Partners's Q2 2014 Portfolio in Review
As of Q2 2014, Tourbillon Capital Partners held 108 positions worth $1.73B, down 19% from $2.14B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Tourbillon Capital Partners withdrew a net $496M in Q2 2014, closing 42 positions and reducing 15 holdings. Its most notable exit was Nokia, an estimated $22M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, up from 6.6% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Tourbillon Capital Partners opened a new position in Allergan Inc worth $99.8M.
- Tourbillon Capital Partners's largest Q2 2014 buy was Allergan Inc: 590,000 shares worth $99.8M.
- Tourbillon Capital Partners added most to Trip.com Group in Q2 2014, an estimated $24M increase.
- Tourbillon Capital Partners's biggest Q2 2014 reduction was Cheniere Energy, cutting an estimated $13.4M.
- Tourbillon Capital Partners fully exited Nokia in Q2 2014, selling an estimated $22M.
- Tourbillon Capital Partners's ten largest holdings make up 51% of its $1.73B portfolio in Q2 2014.
- Tourbillon Capital Partners opened 31 new positions and closed 42 in Q2 2014.
- Tourbillon Capital Partners's portfolio value fell 19% quarter-over-quarter to $1.73B.
Based on Tourbillon Capital Partners's 13F filing for Q2 2014, filed 14 Aug 2014.