Granite Point Capital Management L P's Q1 2020 13F: 26 new positions, 34 exits
Form 13F-HR for the quarter ended Mar 31, 2020 · filed May 12, 2020 · 60 reported positions · accession 0001599562-20-000006
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | PROSHARES TR II (SVXY) | — | 7.0% | +7.0 pts | +295K sh | new |
| New | VANECK VECTORS ETF TR (GDX) | — | 5.6% | +5.6 pts | +320K sh | new |
| Exited | TILRAY INC | 4.6% | — | −4.6 pts | −11M sh | −100% |
| New | SPDR GOLD TRUST (GLD) | — | 4.5% | +4.5 pts | +40,000 sh | new |
| Increased | AMAZON COM INC (AMZN) | 3.7% | 8.0% | +4.3 pts | +2,900 sh | +116% |
| Exited | BOOT BARN HLDGS INC (BOOT) | 3.8% | — | −3.8 pts | −107K sh | −100% |
| Increased | TANDEM DIABETES CARE INC (TNDM) | 1.9% | 5.1% | +3.2 pts | +65,000 sh | +163% |
| New | TJX COS INC NEW (TJX) | — | 2.5% | +2.5 pts | +70,000 sh | new |
| New | DIAMOND EAGLE ACQUISITION CO (DEAC) | — | 2.5% | +2.5 pts | +270K sh | new |
| New | YANDEX N V (NBIS) | — | 2.4% | +2.4 pts | +93,600 sh | new |
| New | EXXON MOBIL CORP (XOM) | — | 2.3% | +2.3 pts | +80,000 sh | new |
| Exited | MOMO INC (MOMO) | 2.3% | — | −2.3 pts | −85,000 sh | −100% |
| Exited | LULULEMON ATHLETICA INC (LULU) | 2.3% | — | −2.3 pts | −12,200 sh | −100% |
| New | TEEKAY CORPORATION (TK) | — | 2.2% | +2.2 pts | +300K sh | new |
| New | CHART INDS INC (GTLS) | — | 2.2% | +2.2 pts | +100K sh | new |
| Increased | ZOGENIX INC (ZGNX) | 3.6% | 3.8% | +0.2 pts | +117K sh | +135% |
| Reduced | IMMUNOVANT INC (IMVT) | 2.8% | 0.4% | −2.4 pts | −185K sh | −84% |
| Exited | DECIPHERA PHARMACEUTICALS IN (DCPH) | 2.1% | — | −2.1 pts | −42,000 sh | −100% |
| Exited | FIVE BELOW INC (FIVE) | 1.7% | — | −1.7 pts | −17,000 sh | −100% |
| Exited | AURINIA PHARMACEUTICALS INC (AUPH) | 1.6% | — | −1.6 pts | −100K sh | −100% |
| Exited | ZENDESK INC (ZEN) | 1.6% | — | −1.6 pts | −26,000 sh | −100% |
| Reduced | BRISTOL-MYERS SQUIBB CO (BMYRT) | 3.0% | 2.0% | −1.0 pts | −550K sh | −44% |
| New | MICROSOFT CORP (MSFT) | — | 1.6% | +1.6 pts | +13,000 sh | new |
| Reduced | ADVANCED MICRO DEVICES INC (AMD) | 2.2% | 0.5% | −1.7 pts | −45,000 sh | −75% |
| Reduced | FACEBOOK INC (META) | 5.3% | 2.6% | −2.7 pts | −12,000 sh | −37% |
| New | ZOOM VIDEO COMMUNICATIONS IN (ZM) | — | 1.4% | +1.4 pts | +13,000 sh | new |
| Increased | PAYPAL HLDGS INC (PYPL) | 1.6% | 2.6% | +1.1 pts | +18,000 sh | +100% |
| Reduced | MARINUS PHARMACEUTICALS INC (MRNS) | 4.7% | 2.9% | −1.8 pts | −811K sh | −30% |
| Reduced | CAREDX INC (CDNA) | 2.0% | 0.7% | −1.3 pts | −74,722 sh | −65% |
| Exited | OVID THERAPEUTICS INC (OVID) | 1.2% | — | −1.2 pts | −348K sh | −100% |
| New | BOEING CO (BA) | — | 1.1% | +1.1 pts | +10,000 sh | new |
| Reduced | XENON PHARMACEUTICALS INC (XENE) | 2.9% | 1.2% | −1.6 pts | −131K sh | −48% |
| New | JPMORGAN CHASE & CO (JPM) | — | 1.0% | +1.0 pts | +15,000 sh | new |
| Exited | ZUMIEZ INC (ZUMZ) | 1.0% | — | −1.0 pts | −35,000 sh | −100% |
| Exited | APPLE INC (AAPL) | 0.9% | — | −0.9 pts | −4,000 sh | −100% |
| Increased | CANADA GOOSE HOLDINGS INC (GOOS) | 1.2% | 1.5% | +0.3 pts | +60,000 sh | +150% |
| Exited | URBAN OUTFITTERS INC (URBN) | 0.9% | — | −0.9 pts | −40,000 sh | −100% |
| Reduced | EVERBRIDGE INC (EVBG) | 3.8% | 4.0% | +0.2 pts | −11,000 sh | −18% |
| New | BOSTON BEER INC (SAM) | — | 0.8% | +0.8 pts | +3,000 sh | new |
| New | SPOK HLDGS INC (SPOK) | — | 0.8% | +0.8 pts | +100K sh | new |
| New | SABRE CORP (SABR) | — | 0.8% | +0.8 pts | +180K sh | new |
| Reduced | TESLA INC (TSLA) | 1.0% | 0.4% | −0.6 pts | −2,000 sh | −67% |
| Exited | SNAP INC (SNAP) | 0.8% | — | −0.8 pts | −60,000 sh | −100% |
| Increased | MICRON TECHNOLOGY INC (MU) | 1.7% | 2.0% | +0.3 pts | +24,000 sh | +60% |
| Exited | AQUESTIVE THERAPEUTICS INC (AQST) | 0.7% | — | −0.7 pts | −160K sh | −100% |
| Increased | KRANESHARES TR (KWEB) | 0.7% | 1.4% | +0.6 pts | +21,000 sh | +112% |
| Exited | AXOGEN INC (AXGN) | 0.7% | — | −0.7 pts | −50,000 sh | −100% |
| Reduced | TAL EDUCATION GROUP (TAL) | 1.6% | 1.0% | −0.6 pts | −16,800 sh | −41% |
| Increased | APPLIED THERAPEUTICS INC (APLT) | 0.3% | 0.9% | +0.7 pts | +26,339 sh | +221% |
| Exited | MOTUS GI HLDGS INC (MOTS) | 0.6% | — | −0.6 pts | −333K sh | −100% |
The 50 largest of 91 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 47.0% of the equity book
Changes in the top 10 this quarter: SVXY entered · GDX entered · TNDM entered · GLD entered · PYPL entered · META left · SIEN left · TILRAY INC left · BOOT left · BMYRT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMAZON COM INC (AMZN) | 3.7% | 8.0% | |
| 2 | PROSHARES TR II (SVXY) | 0.0% | 7.0% | Entered the top 10 |
| 3 | VANECK VECTORS ETF TR (GDX) | 0.0% | 5.6% | Entered the top 10 |
| 4 | TANDEM DIABETES CARE INC (TNDM) | 1.9% | 5.1% | Entered the top 10 |
| 5 | SPDR GOLD TRUST (GLD) | 0.0% | 4.5% | Entered the top 10 |
| 6 | EVERBRIDGE INC (EVBG) | 3.8% | 4.0% | |
| 7 | ZOGENIX INC (ZGNX) | 3.6% | 3.8% | |
| 8 | ALPHABET INC (GOOGL) | 4.4% | 3.4% | |
| 9 | MARINUS PHARMACEUTICALS INC (MRNS) | 4.7% | 2.9% | |
| 10 | PAYPAL HLDGS INC (PYPL) | 1.6% | 2.6% | Entered the top 10 |
| — | FACEBOOK INC (META) | 5.3% | 2.6% | Left the top 10 |
| — | SIENTRA INC (SIEN) | 5.0% | 1.5% | Left the top 10 |
| — | TILRAY INC | 4.6% | 0.0% | Left the top 10 |
| — | BOOT BARN HLDGS INC (BOOT) | 3.8% | 0.0% | Left the top 10 |
| — | BRISTOL-MYERS SQUIBB CO (BMYRT) | 3.0% | 2.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | INVESCO QQQ TR (QQQ) | Put | 850K | 0 | $0 |
| Exited | ISHARES TR (IWM) | Call | 400K | 0 | $0 |
| Exited | SPDR S&P 500 ETF TR (SPY) | Put | 200K | 0 | $0 |
| Exited | SPDR GOLD TRUST (GLD) | Call | 300K | 0 | $0 |
| Exited | SELECT SECTOR SPDR TR (XLV) | Put | 398K | 0 | $0 |
| Exited | SPDR SERIES TRUST (XBI) | Put | 250K | 0 | $0 |
| Reduced | SELECT SECTOR SPDR TR (XLE) | Call | 400K | 250K | $7.27M |
| Exited | KRANESHARES TR (KWEB) | Call | 250K | 0 | $0 |
| Exited | SPDR SERIES TRUST (XOP) | Call | 500K | 0 | $0 |
| Exited | ISHARES TR (IGV) | Put | 40,000 | 0 | $0 |
| Exited | ISHARES TR (IYR) | Put | 100K | 0 | $0 |
| New | SPDR SER TR (XOP) | Call | 0 | 250K | $8.23M |
| New | DISNEY WALT CO (DIS) | Call | 0 | 70,000 | $6.76M |
| Exited | ARQULE INC (ARQL) | Call | 300K | 0 | $0 |
| Exited | VANECK VECTORS ETF TR (SMH) | Put | 40,000 | 0 | $0 |
| New | CHENIERE ENERGY INC (LNG) | Call | 0 | 150K | $5.03M |
| Increased | SPDR SERIES TRUST (XME) | Call | 400K | 450K | $7.26M |
| Exited | SPECTRUM PHARMACEUTICALS INC (SPPI) | Put | 200K | 0 | $0 |
| New | SIENTRA INC (SIEN) | Call | 0 | 350K | $697K |
| Exited | ADAMAS PHARMACEUTICALS INC (ADMS) | Call | 46,000 | 0 | $0 |