Granite Point Capital Management L P's Q1 2023 13F: 13 new positions, 46 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 11, 2023 · 41 reported positions · accession 0001599562-23-000007
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | VANECK ETF TRUST (GDX) | 8.5% | 2.4% | −6.1 pts | −210K sh | −93% |
| Reduced | META PLATFORMS INC (META) | 6.3% | 8.9% | +2.6 pts | −31,000 sh | −78% |
| Reduced | ALPHABET INC (GOOGL) | 5.6% | 2.0% | −3.6 pts | −44,452 sh | −92% |
| Reduced | APPLIED DIGITAL CORP (APLD) | 3.6% | 2.5% | −1.1 pts | −1.24M sh | −84% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 3.5% | 6.0% | +2.5 pts | −17,880 sh | −60% |
| Exited | TRIP COM GROUP LTD (TCOM) | 7.3% | — | −7.3 pts | −160K sh | −100% |
| Exited | SCHLUMBERGER LTD (SLB) | 6.3% | — | −6.3 pts | −90,000 sh | −100% |
| Reduced | BAIDU INC (BIDU) | 1.2% | 1.5% | +0.3 pts | −6,000 sh | −75% |
| Exited | PINDUODUO INC (PDD) | 4.0% | — | −4.0 pts | −37,000 sh | −100% |
| Exited | ROCKET PHARMACEUTICALS INC (RCKT) | 3.6% | — | −3.6 pts | −140K sh | −100% |
| Reduced | KE HLDGS INC (BEKE) | 0.9% | 1.4% | +0.5 pts | −35,000 sh | −70% |
| Reduced | AMAZON COM INC (AMZN) | 1.9% | 5.5% | +3.6 pts | −6,000 sh | −35% |
| New | TANDEM DIABETES CARE INC (TNDM) | — | 3.0% | +3.0 pts | +15,000 sh | new |
| Reduced | SEA LTD (SE) | 1.0% | 3.4% | +2.4 pts | −7,000 sh | −46% |
| Exited | SPDR S&P 500 ETF TR (SPY) | 2.8% | — | −2.8 pts | −5,500 sh | −100% |
| New | TESLA INC (TSLA) | — | 2.7% | +2.7 pts | +2,700 sh | new |
| Exited | UNIQURE NV (QURE) | 2.5% | — | −2.5 pts | −84,000 sh | −100% |
| Exited | CANADA GOOSE HLDGS INC (GOOS) | 2.3% | — | −2.3 pts | −100K sh | −100% |
| New | SERVICENOW INC (NOW) | — | 2.3% | +2.3 pts | +1,000 sh | new |
| Exited | JD.COM INC (JD) | 2.2% | — | −2.2 pts | −30,000 sh | −100% |
| Reduced | BOEING CO (BA) | 1.3% | 3.1% | +1.8 pts | −2,000 sh | −40% |
| New | QUALCOMM INC (QCOM) | — | 1.9% | +1.9 pts | +3,000 sh | new |
| Reduced | PAYPAL HLDGS INC (PYPL) | 0.9% | 1.8% | +0.9 pts | −5,000 sh | −50% |
| Reduced | ARK ETF TR (ARKK) | 1.4% | 5.1% | +3.7 pts | −9,000 sh | −26% |
| Exited | TELA BIO INC (TELA) | 1.8% | — | −1.8 pts | −116K sh | −100% |
| Exited | ESTABLISHMENT LABS HLDGS INC (ESTA) | 1.7% | — | −1.7 pts | −20,000 sh | −100% |
| New | BOSTON BEER INC (SAM) | — | 1.6% | +1.6 pts | +1,000 sh | new |
| Reduced | PELOTON INTERACTIVE INC (PTON) | 0.5% | 1.2% | +0.7 pts | −26,000 sh | −55% |
| New | 10X GENOMICS INC (TXG) | — | 1.4% | +1.4 pts | +5,000 sh | new |
| Exited | ALAMOS GOLD INC NEW (AGI) | 1.3% | — | −1.3 pts | −100K sh | −100% |
| Reduced | TWILIO INC (TWLO) | 0.6% | 1.6% | +1.0 pts | −4,000 sh | −44% |
| Exited | INTERNATIONAL MNY EXPRESS IN (IMXI) | 1.3% | — | −1.3 pts | −40,000 sh | −100% |
| Exited | SEAGEN INC (SGEN) | 1.2% | — | −1.2 pts | −7,000 sh | −100% |
| New | RH (RH) | — | 1.2% | +1.2 pts | +1,000 sh | new |
| Exited | LIGHT & WONDER INC (LNWO) | 1.2% | — | −1.2 pts | −15,000 sh | −100% |
| New | DRAFTKINGS INC NEW (DKNG) | — | 1.1% | +1.1 pts | +12,000 sh | new |
| New | MARVELL TECHNOLOGY INC (MRVL) | — | 1.1% | +1.1 pts | +5,000 sh | new |
| Reduced | ASML HOLDING N V (ASML) | 0.7% | 2.3% | +1.6 pts | −300 sh | −30% |
| Exited | EVOLENT HEALTH INC (EVH) | 1.0% | — | −1.0 pts | −25,900 sh | −100% |
| New | DIGITAL TURBINE INC (APPS) | — | 0.9% | +0.9 pts | +15,000 sh | new |
| Exited | GENERAL MTRS CO (GM) | 0.9% | — | −0.9 pts | −20,000 sh | −100% |
| Exited | MICRON TECHNOLOGY INC (MU) | 0.9% | — | −0.9 pts | −13,030 sh | −100% |
| Exited | SPOK HLDGS INC (SPOK) | 0.8% | — | −0.8 pts | −75,000 sh | −100% |
| Increased | KRANESHARES TR (KWEB) | 1.4% | 6.2% | +4.8 pts | +5,000 sh | +14% |
| Reduced | SPDR SER TR (XBI) | 0.5% | 1.1% | +0.6 pts | −2,000 sh | −40% |
| Exited | INVESCO QQQ TR (QQQ) | 0.7% | — | −0.7 pts | −2,000 sh | −100% |
| Exited | SOUTHWESTERN ENERGY CO (SWN) | 0.7% | — | −0.7 pts | −90,000 sh | −100% |
| Exited | NEW ORIENTAL ED & TECHNOLOGY (EDU) | 0.7% | — | −0.7 pts | −15,000 sh | −100% |
| Exited | HF SINCLAIR CORP (DINO) | 0.7% | — | −0.7 pts | −10,000 sh | −100% |
| Reduced | SCOTTS MIRACLE-GRO CO (SMG) | 0.3% | 1.0% | +0.7 pts | −2,000 sh | −40% |
The 50 largest of 82 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 — 53.9% of the equity book
Changes in the top 10 this quarter: MSFT entered · KWEB entered · AMZN entered · ARKK entered · NVDA entered · SE entered · MELI entered · BA entered · GDX left · TCOM left · SLB left · GOOGL left · PDD left · RCKT left · APLD left · SPY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | META PLATFORMS INC (META) | 6.3% | 8.9% | |
| 2 | MICROSOFT CORP (MSFT) | 1.9% | 8.4% | Entered the top 10 |
| 3 | KRANESHARES TR (KWEB) | 1.4% | 6.2% | Entered the top 10 |
| 4 | ALIBABA GROUP HLDG LTD (BABA) | 3.5% | 6.0% | |
| 5 | AMAZON COM INC (AMZN) | 1.9% | 5.5% | Entered the top 10 |
| 6 | ARK ETF TR (ARKK) | 1.4% | 5.1% | Entered the top 10 |
| 7 | NVIDIA CORPORATION (NVDA) | 0.6% | 4.1% | Entered the top 10 |
| 8 | SEA LTD (SE) | 1.0% | 3.4% | Entered the top 10 |
| 9 | MERCADOLIBRE INC (MELI) | 0.7% | 3.2% | Entered the top 10 |
| 10 | BOEING CO (BA) | 1.3% | 3.1% | Entered the top 10 |
| — | VANECK ETF TRUST (GDX) | 8.5% | 2.4% | Left the top 10 |
| — | TRIP COM GROUP LTD (TCOM) | 7.3% | 0.0% | Left the top 10 |
| — | SCHLUMBERGER LTD (SLB) | 6.3% | 0.0% | Left the top 10 |
| — | ALPHABET INC (GOOGL) | 5.6% | 2.0% | Left the top 10 |
| — | PINDUODUO INC (PDD) | 4.0% | 0.0% | Left the top 10 |
| — | ROCKET PHARMACEUTICALS INC (RCKT) | 3.6% | 0.0% | Left the top 10 |
| — | APPLIED DIGITAL CORP (APLD) | 3.6% | 2.5% | Left the top 10 |
| — | SPDR S&P 500 ETF TR (SPY) | 2.8% | 0.0% | 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 | CIGNA CORP NEW (CI) | Put | 60,000 | 0 | $0 |
| New | ISHARES TR (NYC) | Call | 0 | 300K | $15.2M |
| New | KRANESHARES TR (KBUF) | Call | 0 | 400K | $13.7M |
| Exited | CATERPILLAR INC (CAT) | Put | 50,000 | 0 | $0 |
| Exited | SPDR S&P 500 ETF TR (SPY) | Put | 28,000 | 0 | $0 |
| Exited | SPDR DOW JONES INDL AVERAGE (DIA) | Put | 25,000 | 0 | $0 |
| Exited | SCHLUMBERGER LTD (SLB) | Put | 90,000 | 0 | $0 |
| Exited | ISHARES TR (NYC) | Put | 27,500 | 0 | $0 |
| Increased | INVESCO QQQ TR (QQQ) | Put | 8,000 | 18,000 | $4.79M |
| Exited | SELECT SECTOR SPDR TR (XLBI) | Put | 30,000 | 0 | $0 |
| Exited | ALIBABA GROUP HLDG LTD (BBAAY) | Call | 20,000 | 0 | $0 |
| New | ADVANCED MICRO DEVICES INC (AMD) | Put | 0 | 55,000 | $1.59M |
| New | ADVISORSHARES TR (MATH) | Call | 0 | 50,000 | $1.36M |
| Exited | PFIZER INC (PFE) | Call | 10,000 | 0 | $0 |
| New | TWILIO INC (TWLO) | Call | 0 | 5,000 | $136K |