Trellus Management Company LLC's Q2 2019 13F: 23 new positions, 17 exits
Form 13F-HR for the quarter ended Jun 30, 2019 · filed Jul 31, 2019 · 61 reported positions · accession 0001144204-19-036842
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | SPOTIFY TECHNOLOGY S A (SPOT) | 3.3% | — | −3.3 pts | −12,500 sh | −100% |
| Exited | FEDEX CORP (FDX) | 3.2% | — | −3.2 pts | −9,200 sh | −100% |
| Exited | PLANTRONICS INC NEW (POLY) | 2.9% | — | −2.9 pts | −32,500 sh | −100% |
| Exited | VANECK VECTORS ETF TR (RSX) | 2.0% | — | −2.0 pts | −50,000 sh | −100% |
| New | ALPHABET INC (GOOGL) | — | 1.9% | +1.9 pts | +1,000 sh | new |
| Increased | EBIX INC (EBIXQ) | 0.9% | 2.6% | +1.7 pts | +20,500 sh | +216% |
| Exited | DYCOM INDS INC (DY) | 1.8% | — | −1.8 pts | −20,000 sh | −100% |
| New | APPLE INC (AAPL) | — | 1.7% | +1.7 pts | +5,000 sh | new |
| Increased | OVERSTOCK COM INC DEL (BBBY) | 0.8% | 2.1% | +1.3 pts | +65,000 sh | +260% |
| New | ALIGN TECHNOLOGY INC (ALGN) | — | 1.4% | +1.4 pts | +3,000 sh | new |
| New | EIGER BIOPHARMACEUTICALS INC (EIGR) | — | 1.3% | +1.3 pts | +69,079 sh | new |
| New | KNOWLES CORP (KN) | — | 1.3% | +1.3 pts | +40,000 sh | new |
| New | ALLIANCE DATA SYSTEMS CORP (BFH) | — | 1.2% | +1.2 pts | +5,000 sh | new |
| Exited | SMARTSHEET INC (SMAR) | 1.2% | — | −1.2 pts | −15,000 sh | −100% |
| New | FIRST SOLAR INC (FSLR) | — | 1.2% | +1.2 pts | +10,124 sh | new |
| New | INCYTE CORP (INCY) | — | 1.1% | +1.1 pts | +7,500 sh | new |
| Exited | FREEPORT-MCMORAN INC (FCX) | 1.0% | — | −1.0 pts | −40,000 sh | −100% |
| New | STATE STR CORP (STT) | — | 1.0% | +1.0 pts | +10,000 sh | new |
| Exited | NUTANIX INC (NTNX) | 0.9% | — | −0.9 pts | −12,500 sh | −100% |
| New | ATARA BIOTHERAPEUTICS INC (ATRA) | — | 0.9% | +0.9 pts | +25,000 sh | new |
| Reduced | ACCELERATE DIAGNOSTICS INC (AXDX) | 3.0% | 2.2% | −0.8 pts | −20,668 sh | −27% |
| Increased | DERMIRA INC (DERM) | 0.4% | 1.0% | +0.6 pts | +46,418 sh | +342% |
| New | CLOUDERA INC (CLDR) | — | 0.7% | +0.7 pts | +80,000 sh | new |
| New | MAXAR TECHNOLOGIES INC (MAXR) | — | 0.6% | +0.6 pts | +47,350 sh | new |
| Reduced | ALCOA CORP (AA) | 1.7% | 0.6% | −1.0 pts | −15,600 sh | −50% |
| Increased | FS KKR CAPITAL CORP (FSK) | 1.2% | 1.7% | +0.5 pts | +60,000 sh | +60% |
| Exited | EVOLENT HEALTH INC (EVH) | 0.6% | — | −0.6 pts | −25,000 sh | −100% |
| Exited | ORION ENGINEERED CARBONS S A (OEC) | 0.6% | — | −0.6 pts | −16,201 sh | −100% |
| Exited | SAREPTA THERAPEUTICS INC (SRPT) | 0.6% | — | −0.6 pts | −2,500 sh | −100% |
| New | MOTUS GI HLDGS INC (MOTS) | — | 0.6% | +0.6 pts | +108K sh | new |
| Exited | QUIDEL CORP (QDEL) | 0.6% | — | −0.6 pts | −4,500 sh | −100% |
| New | POSTAL REALTY TRUST INC (PSTL) | — | 0.5% | +0.5 pts | +20,000 sh | new |
| Exited | SANGAMO THERAPEUTICS INC (SGMOQ) | 0.5% | — | −0.5 pts | −30,000 sh | −100% |
| Reduced | ABIOMED INC (ABMD) | 1.2% | 0.5% | −0.7 pts | −1,200 sh | −55% |
| New | CONTRAFECT CORP (CFRX) | — | 0.5% | +0.5 pts | +579K sh | new |
| New | TANDEM DIABETES CARE INC (TNDM) | — | 0.5% | +0.5 pts | +4,542 sh | new |
| New | RH (RH) | — | 0.5% | +0.5 pts | +2,500 sh | new |
| Reduced | IMPINJ INC (PI) | 1.5% | 1.8% | +0.3 pts | −10,000 sh | −22% |
| New | BIOHAVEN PHARMACTL HLDG CO L (BHVN) | — | 0.5% | +0.5 pts | +6,500 sh | new |
| Exited | CIDARA THERAPEUTICS INC (CDTX) | 0.5% | — | −0.5 pts | −94,143 sh | −100% |
| Increased | PARATEK PHARMACEUTICALS INC (PRTK) | 1.0% | 1.1% | +0.1 pts | +65,000 sh | +65% |
| Increased | AIRGAIN INC (AIRG) | 0.6% | 1.0% | +0.4 pts | +17,702 sh | +74% |
| Increased | HEALTH INS INNOVATIONS INC (HIIQ) | 3.1% | 3.1% | +0.1 pts | +9,500 sh | +16% |
| Increased | COOPER STD HLDGS INC (CPS) | 2.2% | 2.4% | +0.1 pts | +5,000 sh | +20% |
| New | PRIMO WTR CORP (PRMW) | — | 0.4% | +0.4 pts | +17,729 sh | new |
| Exited | INVESCO EXCHNG TRADED FD TR (SEA) | 0.3% | — | −0.3 pts | −20,500 sh | −100% |
| Increased | AMARIN CORP PLC (AMRN) | 1.2% | 1.3% | +0.2 pts | +10,000 sh | +33% |
| New | CLEAN ENERGY FUELS CORP (CLNE) | — | 0.3% | +0.3 pts | +70,000 sh | new |
| New | BRIGHT SCHOLAR ED HLDGS LTD (BEDU) | — | 0.3% | +0.3 pts | +19,052 sh | new |
| Reduced | DIGITAL TURBINE INC (APPS) | 5.8% | 7.2% | +1.4 pts | −34,001 sh | −4% |
The 50 largest of 61 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 — 47.1% of the equity book
Changes in the top 10 this quarter: EBIXQ entered · CPS entered · SPOT left · FDX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMERICAN WTR WKS CO INC NEW (AWK) | 10.2% | 10.4% | |
| 2 | DIGITAL TURBINE INC (APPS) | 5.8% | 7.2% | |
| 3 | VICOR CORP (VICR) | 7.7% | 7.0% | |
| 4 | AMERICAN TOWER CORP NEW (AMT) | 5.6% | 5.3% | |
| 5 | ALIBABA GROUP HLDG LTD (BABA) | 4.3% | 3.7% | |
| 6 | HEALTH INS INNOVATIONS INC (HIIQ) | 3.1% | 3.1% | |
| 7 | FIREEYE INC (FEYE) | 3.4% | 2.7% | |
| 8 | DARLING INGREDIENTS INC (DAR) | 3.2% | 2.6% | |
| 9 | EBIX INC (EBIXQ) | 0.9% | 2.6% | Entered the top 10 |
| 10 | COOPER STD HLDGS INC (CPS) | 2.2% | 2.4% | Entered the top 10 |
| — | SPOTIFY TECHNOLOGY S A (SPOT) | 3.3% | 0.0% | Left the top 10 |
| — | FEDEX CORP (FDX) | 3.2% | 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 |
|---|---|---|---|---|---|
| New | SPDR DOW JONES INDL AVRG ETF (DIA) | Put | 0 | 50,000 | $13.3M |
| New | HEALTH INS INNOVATIONS INC (HIIQ) | Call | 0 | 45,000 | $1.17M |
| New | ELECTRONIC ARTS INC (EA) | Call | 0 | 10,000 | $1.01M |
| New | HARLEY DAVIDSON INC (HOG) | Call | 0 | 20,000 | $717K |