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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
+2.09%
1 Year Est. Return
-42.29%
3 Year Est. Return
-18.38%
5 Year Est. Return
+32.21%
10 Year Est. Return
–
AUM
$929M
AUM Growth
-$1.66B
(-64%)
Cap. Flow
-$1.65B
Cap. Flow
% of AUM
-177.26%
Top 10 Holdings %
Top 10 Hldgs %
61.29%
Holding
81
New
8
Increased
4
Reduced
22
Closed
47
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$37.5M |
| 2 |
GDS Holdings
GDS
|
+$33M |
| 3 |
Netflix
NFLX
|
+$25.4M |
| 4 |
COUP
Coupa Software Incorporated
COUP
|
+$23.9M |
| 5 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$17.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$56.4M |
| 2 |
VMW
VMware, Inc
VMW
|
+$45.9M |
| 3 |
AT&T
T
|
+$45.6M |
| 4 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$43.8M |
| 5 |
Baidu
BIDU
|
+$41.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.84% |
| 2 | Healthcare | 14.39% |
| 3 | Technology | 8.99% |
| 4 | Communication Services | 7.16% |
| 5 | Consumer Discretionary | 3.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$785B
| $145M | 15.64% |
500,000
-700,000
| -58% | -$199M |
|
2
PUT
iShares S&P 100 ETF
OEF
$20B
| $101M | 10.88% |
600,000
-1,050,000
| -64% | -$133M |
|
|
WP
3
DELISTED
Worldpay, Inc.
WP
| $49M | 5.27% |
483,552
-318,710
| -40% | -$29.1M |
|
4
LPL Financial
LPLA
$28.1B
| $47.8M | 5.14% |
740,890
-138,243
| -16% | -$9.17M |
|
|
5
GDS Holdings
GDS
$6.43B
| $42.1M | 4.53% |
1,197,921
+917,918
| +328% | +$33M |
|
6
Electronic Arts
EA
$53B
| $40.4M | 4.34% |
335,000
-55,000
| -14% | -$7.09M |
|
7
Visa
V
$679B
| $39.8M | 4.28% |
264,930
-25,000
| -9% | -$3.55M |
|
|
8
Gilead Sciences
GILD
$161B
| $38.3M | 4.12% |
+496,121
| New | +$37.5M |
|
|
COUP
9
DELISTED
Coupa Software Incorporated
COUP
| $34.4M | 3.7% |
434,556
+343,547
| +377% | +$23.9M |
|
10
Popular Inc
BPOP
$11.2B
| $31.4M | 3.38% |
612,795
-34,271
| -5% | -$1.71M |
|
11
BGC Group
BGC
$5.56B
| $31.2M | 3.35% |
4,100,757
-767,472
| -16% | -$5.68M |
|
12
Humana
HUM
$44.2B
| $30.7M | 3.31% |
90,784
-92,301
| -50% | -$30M |
|
|
13
Netflix
NFLX
$298B
| $26.2M | 2.82% |
+700,000
| New | +$25.4M |
|
14
Alibaba
BABA
$292B
| $24.7M | 2.66% |
150,000
-63,372
| -30% | -$11.2M |
|
15
Spectrum Brands
SPB
$2.04B
| $23.6M | 2.54% |
316,400
-334,688
| -51% | -$28.4M |
|
16
CALL
Morgan Stanley
MS
$332B
| $23.3M | 2.51% |
+500,000
| New | +$24.4M |
|
|
AMTD
17
DELISTED
TD Ameritrade Holding Corp
AMTD
| $18.5M | 1.99% |
350,000
-377,940
| -52% | -$21.5M |
|
18
Stryker
SYK
$123B
| $17.8M | 1.91% |
100,000
-87,700
| -47% | -$15M |
|
|
FOLD
19
DELISTED
Amicus Therapeutics
FOLD
| $17.1M | 1.84% |
1,414,130
-682,800
| -33% | -$9.55M |
|
20
iShares Russell 2000 ETF
IWM
$79.6B
| $16.9M | 1.81% |
100,000
-100,000
| -50% | -$16.9M |
|
|
ETFC
21
DELISTED
E*Trade Financial Corporation
ETFC
| $15.7M | 1.69% |
+300,000
| New | +$17.6M |
|
22
PUT
Clorox
CLX
$11.5B
| $15M | 1.62% |
+100,000
| New | +$14.2M |
|
|
23
State Street SPDR S&P 500 ETF Trust
SPY
$785B
| $14.5M | 1.56% |
50,000
-100,000
| -67% | -$28.5M |
|
24
BioMarin Pharmaceuticals
BMRN
$11.5B
| $14.3M | 1.54% |
147,193
-90,000
| -38% | -$8.98M |
|
25
Puma Biotechnology
PBYI
$397M
| $13.1M | 1.41% |
285,091
-341,859
| -55% | -$16.5M |
|
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Tourbillon Capital Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Tourbillon Capital Partners held 81 positions worth $929M, down 64% from $2.59B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Tourbillon Capital Partners withdrew a net $1.65B in Q3 2018, closing 47 positions and reducing 22 holdings. Its most notable exit was Autodesk, an estimated $56.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 8.9% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Tourbillon Capital Partners opened a new position in Gilead Sciences worth $38.3M.
- Tourbillon Capital Partners's largest Q3 2018 buy was Gilead Sciences: 496,121 shares worth $38.3M.
- Tourbillon Capital Partners added most to GDS Holdings in Q3 2018, an estimated $33M increase.
- Tourbillon Capital Partners's biggest Q3 2018 reduction was Humana, cutting an estimated $30M.
- Tourbillon Capital Partners fully exited Autodesk in Q3 2018, selling an estimated $56.4M.
- Tourbillon Capital Partners's ten largest holdings make up 61% of its $929M portfolio in Q3 2018.
- Tourbillon Capital Partners opened 8 new positions and closed 47 in Q3 2018.
- Tourbillon Capital Partners's portfolio value fell 64% quarter-over-quarter to $929M.
Based on Tourbillon Capital Partners's 13F filing for Q3 2018, filed 14 Nov 2018.