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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
+4.73%
1 Year Est. Return
-42.29%
3 Year Est. Return
-18.38%
5 Year Est. Return
+32.21%
10 Year Est. Return
–
AUM
$2.59B
AUM Growth
+$65.1M
(+2.6%)
Cap. Flow
-$419M
Cap. Flow
% of AUM
-16.22%
Top 10 Holdings %
Top 10 Hldgs %
45.02%
Holding
103
New
45
Increased
3
Reduced
25
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EA
Electronic Arts
EA
|
+$50.6M |
| 2 |
AT&T
T
|
+$47.2M |
| 3 |
VMW
VMware, Inc
VMW
|
+$43M |
| 4 |
Baidu
BIDU
|
+$42.8M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$40.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Service Corp International
SCI
|
+$78.5M |
| 2 |
Spectrum Brands
SPB
|
+$74.5M |
| 3 |
Howmet Aerospace
HWM
|
+$71.5M |
| 4 |
Broadcom
AVGO
|
+$70.6M |
| 5 |
Corpay
CPAY
|
+$63.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.87% |
| 2 | Healthcare | 14.11% |
| 3 | Technology | 9.38% |
| 4 | Financials | 8.92% |
| 5 | Communication Services | 7.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $326M | 12.59% |
1,200,000
-300,000
| -20% | -$81M |
|
2
PUT
iShares S&P 100 ETF
OEF
$20.1B
| $270M | 10.45% |
+1,650,000
| New | +$197M |
|
3
CALL
Gilead Sciences
GILD
$181B
| $123M | 4.75% |
+1,733,600
| New | +$122M |
|
4
CALL
Stryker
SYK
$108B
| $84.4M | 3.27% |
500,000
+300,000
| +150% | +$50.5M |
|
5
PUT
State Street SPDR NYSE Technology ETF
XNTK
$1.87B
| $71.9M | 2.78% |
+1,000,000
| New | +$92.1M |
|
|
WP
6
DELISTED
Worldpay, Inc.
WP
| $65.6M | 2.54% |
802,262
-231,791
| -22% | -$18.9M |
|
7
LPL Financial
LPLA
$27B
| $57.6M | 2.23% |
879,133
-120,947
| -12% | -$7.95M |
|
8
Autodesk
ADSK
$47.7B
| $56.4M | 2.18% |
430,000
-355,400
| -45% | -$47.1M |
|
|
EA
9
DELISTED
Electronic Arts
EA
| $55M | 2.13% |
+390,000
| New | +$50.6M |
|
10
Humana
HUM
$47.5B
| $54.5M | 2.11% |
183,085
-56,865
| -24% | -$16.7M |
|
|
11
Spectrum Brands
SPB
$1.97B
| $53.1M | 2.06% |
651,088
-886,317
| -58% | -$74.5M |
|
12
PUT
HCA Healthcare
HCA
$91.9B
| $51.3M | 1.98% |
+500,000
| New | +$50.6M |
|
|
13
PUT
Stryker
SYK
$108B
| $50.7M | 1.96% |
+300,000
| New | +$50.5M |
|
|
VMW
14
DELISTED
VMware, Inc
VMW
| $45.9M | 1.77% |
+312,046
| New | +$43M |
|
15
CALL
PG&E
PCG
$29B
| $45.9M | 1.77% |
+1,077,500
| New | +$46.7M |
|
|
16
AT&T
T
$184B
| $45.6M | 1.76% |
+1,880,080
| New | +$47.2M |
|
|
ALXN
17
DELISTED
Alexion Pharmaceuticals
ALXN
| $43.8M | 1.7% |
353,106
-4,710
| -1% | -$550K |
|
18
PUT
Teva Pharmaceuticals
TEVA
$45.4B
| $42.2M | 1.63% |
+1,736,000
| New | +$35.4M |
|
|
19
Baidu
BIDU
$30.9B
| $41.8M | 1.62% |
+172,000
| New | +$42.8M |
|
|
20
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $40.7M | 1.57% |
+150,000
| New | +$40.5M |
|
21
CALL
State Street Financial Select Sector SPDR ETF
XLF
$54.2B
| $39.9M | 1.54% |
+1,500,000
| New | +$41.4M |
|
|
AMTD
22
DELISTED
TD Ameritrade Holding Corp
AMTD
| $39.9M | 1.54% |
727,940
-238,060
| -25% | -$14.2M |
|
23
Alibaba
BABA
$273B
| $39.6M | 1.53% |
213,372
-144,628
| -40% | -$27.6M |
|
24
Visa
V
$700B
| $38.4M | 1.49% |
289,930
-170,070
| -37% | -$21.9M |
|
25
Puma Biotechnology
PBYI
$483M
| $37.1M | 1.43% |
626,950
+204,984
| +49% | +$11.9M |
|
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Tourbillon Capital Partners's Q2 2018 Portfolio in Review
As of Q2 2018, Tourbillon Capital Partners held 103 positions worth $2.59B, up 2.6% from $2.52B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Tourbillon Capital Partners withdrew a net $419M in Q2 2018, closing 30 positions and reducing 25 holdings. Its most notable exit was Service Corp International, an estimated $78.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 35% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Tourbillon Capital Partners opened a new position in Electronic Arts worth $55M.
- Tourbillon Capital Partners's largest Q2 2018 buy was Electronic Arts: 390,000 shares worth $55M.
- Tourbillon Capital Partners added most to Puma Biotechnology in Q2 2018, an estimated $11.9M increase.
- Tourbillon Capital Partners's biggest Q2 2018 reduction was Spectrum Brands, cutting an estimated $74.5M.
- Tourbillon Capital Partners fully exited Service Corp International in Q2 2018, selling an estimated $78.5M.
- Tourbillon Capital Partners's ten largest holdings make up 45% of its $2.59B portfolio in Q2 2018.
- Tourbillon Capital Partners opened 45 new positions and closed 30 in Q2 2018.
- Tourbillon Capital Partners's portfolio value rose 2.6% quarter-over-quarter to $2.59B.
Based on Tourbillon Capital Partners's 13F filing for Q2 2018, filed 14 Aug 2018.