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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
+19.55%
1 Year Est. Return
-42.29%
3 Year Est. Return
-18.38%
5 Year Est. Return
+32.21%
10 Year Est. Return
–
AUM
$4.9B
AUM Growth
-$102M
(-2%)
Cap. Flow
-$507M
Cap. Flow
% of AUM
-10.35%
Top 10 Holdings %
Top 10 Hldgs %
45.14%
Holding
91
New
32
Increased
18
Reduced
10
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Leidos
LDOS
|
+$126M |
| 2 |
Apple
AAPL
|
+$95.3M |
| 3 |
Viatris
VTRS
|
+$58.2M |
| 4 |
Sarepta Therapeutics
SRPT
|
+$51.8M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$51.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$300M |
| 2 |
MDVN
MEDIVATION, INC.
MDVN
|
+$285M |
| 3 |
Expedia Group
EXPE
|
+$138M |
| 4 |
CTXS
Citrix Systems Inc
CTXS
|
+$94.7M |
| 5 |
Spectrum Brands
SPB
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.73% |
| 2 | Consumer Discretionary | 9.56% |
| 3 | Consumer Staples | 7.66% |
| 4 | Healthcare | 6.78% |
| 5 | Communication Services | 6.65% |
| 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
| $379M | 7.72% |
1,750,000
-2,250,000
| -56% | -$486M |
|
2
Post Holdings
POST
$4.21B
| $248M | 5.06% |
4,908,511
+259,760
| +6% | +$14.3M |
|
|
DISH
3
DELISTED
DISH Network Corp.
DISH
| $225M | 4.59% |
4,105,000
+410,000
| +11% | +$21.2M |
|
|
4
Expedia Group
EXPE
$35.2B
| $224M | 4.56% |
1,916,174
-1,220,000
| -39% | -$138M |
|
5
Trip.com Group
TCOM
$29.3B
| $218M | 4.45% |
4,685,000
+835,000
| +22% | +$37.2M |
|
6
Hewlett Packard
HPE
$62.4B
| $201M | 4.11% |
15,218,905
-2,589,438
| -15% | -$32M |
|
7
Synchrony
SYF
$25.1B
| $191M | 3.9% |
6,828,000
+393,000
| +6% | +$10.8M |
|
8
Broadcom
AVGO
$1.85T
| $188M | 3.84% |
10,900,000
-700,000
| -6% | -$11.7M |
|
|
9
CALL
Apple
AAPL
$4.9T
| $170M | 3.46% |
+6,000,000
| New | +$159M |
|
10
American Homes 4 Rent
AMH
$11.9B
| $169M | 3.45% |
7,815,000
-2,045,000
| -21% | -$44.3M |
|
11
PUT
iShares Russell 2000 ETF
IWM
$80.2B
| $155M | 3.17% |
1,250,000
+250,000
| +25% | +$30.4M |
|
|
HRG
12
DELISTED
HRG Group, Inc.
HRG
| $128M | 2.61% |
8,135,933
-1,054,800
| -11% | -$16M |
|
|
13
Leidos
LDOS
$14.1B
| $120M | 2.45% |
+2,775,000
| New | +$126M |
|
|
14
CALL
Post Holdings
POST
$4.21B
| $111M | 2.27% |
2,205,821
+1,518,221
| +221% | +$83.3M |
|
|
RDUS
15
DELISTED
Radius Health, Inc.
RDUS
| $111M | 2.26% |
2,044,936
-233,845
| -10% | -$11.9M |
|
|
16
Sarepta Therapeutics
SRPT
$1.64B
| $105M | 2.15% |
+1,713,000
| New | +$51.8M |
|
|
17
Apple
AAPL
$4.9T
| $102M | 2.08% |
+3,600,000
| New | +$95.3M |
|
18
Green Plains
GPRE
$1.21B
| $94.4M | 1.93% |
3,602,879
+369,300
| +11% | +$8.62M |
|
|
19
CALL
Expedia Group
EXPE
$35.2B
| $90.3M | 1.84% |
773,500
+523,500
| +209% | +$59.2M |
|
20
CALL
Teva Pharmaceuticals
TEVA
$41.2B
| $78.5M | 1.6% |
+1,706,300
| New | +$89M |
|
|
P
21
DELISTED
Pandora Media Inc
P
| $77.3M | 1.58% |
5,394,520
+1,700,000
| +46% | +$23M |
|
|
ALXN
22
DELISTED
Alexion Pharmaceuticals
ALXN
| $72M | 1.47% |
587,604
+17,500
| +3% | +$2.25M |
|
|
DISH
23
CALL
DELISTED
DISH Network Corp.
DISH
| $70.6M | 1.44% |
1,288,300
+973,500
| +309% | +$50.4M |
|
24
Coca-Cola Europacific Partners
CCEP
$49.3B
| $67.9M | 1.39% |
1,701,300
+800,500
| +89% | +$30.5M |
|
25
Avis
CAR
$5.37B
| $65.9M | 1.34% |
1,926,000
+611,000
| +46% | +$22.1M |
|
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Tourbillon Capital Partners's Q3 2016 Portfolio in Review
As of Q3 2016, Tourbillon Capital Partners held 91 positions worth $4.9B, down 2% from $5B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Tourbillon Capital Partners withdrew a net $507M in Q3 2016, closing 23 positions and reducing 10 holdings. Its most notable exit was AT&T, an estimated $300M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 9.8% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Tourbillon Capital Partners opened a new position in Leidos worth $120M.
- Tourbillon Capital Partners's largest Q3 2016 buy was Leidos: 2,775,000 shares worth $120M.
- Tourbillon Capital Partners added most to Trip.com Group in Q3 2016, an estimated $37.2M increase.
- Tourbillon Capital Partners's biggest Q3 2016 reduction was Expedia Group, cutting an estimated $138M.
- Tourbillon Capital Partners fully exited AT&T in Q3 2016, selling an estimated $300M.
- Tourbillon Capital Partners's ten largest holdings make up 45% of its $4.9B portfolio in Q3 2016.
- Tourbillon Capital Partners opened 32 new positions and closed 23 in Q3 2016.
- Tourbillon Capital Partners's portfolio value fell 2% quarter-over-quarter to $4.9B.
Based on Tourbillon Capital Partners's 13F filing for Q3 2016, filed 14 Nov 2016.