True Bearing Asset Management Portfolio holdings

True Bearing Asset Management's Q1 2015 Portfolio in Review

As of Q1 2015, True Bearing Asset Management held 97 positions worth $162M, down 20% from $201M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

True Bearing Asset Management withdrew a net $39.2M in Q1 2015, closing 17 positions and reducing 47 holdings. Its most notable exit was Abercrombie & Fitch, an estimated $3M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 35% a quarter earlier, followed by Technology and Industrials.

Against the trend, True Bearing Asset Management opened a new position in Digital Turbine worth $2.19M.

• True Bearing Asset Management's largest Q1 2015 buy was Digital Turbine: 670,801 shares worth $2.19M.
• True Bearing Asset Management added most to MULTI-FINELINE ELECTRONIX INC in Q1 2015, an estimated $957K increase.
• True Bearing Asset Management's biggest Q1 2015 reduction was Methode Electronics, cutting an estimated $3.59M.
• True Bearing Asset Management fully exited Abercrombie & Fitch in Q1 2015, selling an estimated $3M.
• True Bearing Asset Management's ten largest holdings make up 24% of its $162M portfolio in Q1 2015.
• True Bearing Asset Management opened 13 new positions and closed 17 in Q1 2015.
• True Bearing Asset Management's portfolio value fell 20% quarter-over-quarter to $162M.

Based on True Bearing Asset Management's 13F filing for Q1 2015, filed 15 May 2015.