SEC 13F Intelligence

Managers / Q3 2023

Trellus Management Company, LLC

CIK 0001307877 · 1615 S. CONGRESS AVE, SUITE 103, DELRAY BEACH, FL, 33445 · 646-561-2622

Reported Value
$73M
Q3 2023
Positions
55
Filings on Record
20
2019–present window
Filed
Oct 24, 2023
original filing

Summary

Trellus Management Company, LLC reported $73M in U.S.-listed holdings across 55 positions for Q3 2023.

Its largest position, Vertex Energy, represents 13.0% of the portfolio.

Compared with Q2 2023, the fund opened 21 new positions and exited 23.

Portfolio Metrics

Turnover
+24.9%
vs prior filed quarter
Top-10 Concentration
+44.3%
share of reported value
Largest Position
+13.0%
Vertex Energy
New / Exited
21 / 23
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $44MQ4 ’18Q1 ’19: $53MQ2 ’19: $74MQ3 ’19: $100MQ3 ’19Q4 ’19: $60MQ1 ’20: $56MQ2 ’20: $92MQ2 ’20Q3 ’20: $98MQ4 ’20: $121MQ1 ’21: $193MQ1 ’21Q2 ’21: $145MQ3 ’21: $137MQ4 ’21: $150MQ4 ’21Q1 ’22: $172MQ2 ’22: $82MQ3 ’22: $82MQ3 ’22Q4 ’22: $79MQ1 ’23: $85MQ2 ’23: $81MQ2 ’23Q3 ’23: $73Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.5%ETP: 24.5%Other: 2.0%
  • Common Stock · 73.5% · $54M
  • ETP · 24.5% · $18M
  • Other · 2.0% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLDSPDR GOLD TRNEW+30.0K30.0K+$5M$5M
QDELQUIDELORTHO CORPNEW+46.6K46.6K+$3M$3M
FLGTFULGENT GENETICS INCNEW+43.1K43.1K+$1M$1M
SVXYPROSHARES TR IINEW+10.0K10.0K+$863,400$863,400
PROSHARES TR IINEW+14.5K14.5K+$788,510$788,510
CECOCECO ENVIRONMENTAL CORPNEW+48.8K48.8K+$778,745$778,745
NSCNORFOLK SOUTHN CORPNEW+3.5K3.5K+$689,255$689,255
ENSENERSYSNEW+5.0K5.0K+$473,350$473,350

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VERTEX ENERGY INCCOM12.97%$9M2.12M
2VICRVICOR CORPhistory →COM10.51%$8M129.9K
3AWKAMERICAN WTR WKS CO INC NEWhistory →COM6.97%$5M41.0K
4CNCCENTENE CORP DELhistory →COM2.84%$2M30.0K
5ASPNASPEN AEROGELS INChistory →COM2.60%$2M220.0K
6SVXYPROSHARES TR IISHT VIX ST TRM · ULTRA BLOOMBERG2.27%$2M24.5K
7FLGTFULGENT GENETICS INChistory →COM1.58%$1M43.1K
8EBIX INCCOM NEW1.56%$1M115.0K
9PACKRANPAK HOLDINGS CORPhistory →COM CL A1.56%$1M208.8K
10DISDISNEY WALT COhistory →COM1.47%$1M13.2K
11ALTERYX INCCOM CL A1.46%$1M28.1K
12AVNWAVIAT NETWORKS INChistory →COM NEW1.35%$982,80031.5K
13PACBPACIFIC BIOSCIENCES CALIF INhistory →COM1.27%$926,850111.0K
14GLOBALSTAR INCCOM1.23%$893,551682.1K
15PROSHARES TRULTRAPRO SHT QQQ1.15%$838,04041.0K
16ADSKAUTODESK INChistory →COM1.14%$827,6404.0K
17PERFORMANT FINL CORPCOM1.09%$791,000350.0K
18CECOCECO ENVIRONMENTAL CORPhistory →COM1.07%$778,74548.8K
19CARPARTS COM INCCOM1.02%$741,600180.0K
20CLNECLEAN ENERGY FUELS CORPCOM1.00%$727,700190.0K
21INDIINDIE SEMICONDUCTOR INCCLASS A COM0.95%$693,000110.0K
22NSCNORFOLK SOUTHN CORPCOM0.95%$689,2553.5K
23APPSDIGITAL TURBINE INCCOM NEW0.83%$605,000100.0K
24WGSGENEDX HOLDINGS CORPCOM CL A0.78%$564,244155.0K
25UBERUBER TECHNOLOGIES INCCOM0.73%$531,64411.6K
26AMDADVANCED MICRO DEVICES INCCOM0.71%$514,1005.0K
27WPRTWESTPORT FUEL SYSTEMS INCCOM0.69%$504,42283.2K
28APLDAPPLIED DIGITAL CORPCOM NEW0.69%$499,20080.0K
29ENSENERSYSCOM0.65%$473,3505.0K
30XYZBLOCK INCCL A0.61%$442,60010.0K
31DOCUDOCUSIGN INCCOM0.58%$420,00010.0K
32CDXSCODEXIS INCCOM0.57%$415,800220.0K
33CHWYCHEWY INCCL A0.50%$365,20020.0K
34DANIMER SCIENTIFIC INCCOM CL A0.50%$361,294174.5K
35MOSMOSAIC CO NEWCOM0.49%$356,00010.0K
36SPXLDIREXION SHS ETF TRDRX S&P500BULL0.48%$351,9004.5K
37PEPPEPSICO INCCOM0.47%$338,8802.0K
38BILLBILL HOLDINGS INCCOM0.45%$325,7103.0K
39DDOGDATADOG INCCL A COM0.44%$318,8153.5K
40MTCHMATCH GROUP INC NEWCOM0.43%$313,4008.0K
41GENIGENIUS SPORTS LIMITEDSHARES CL A0.41%$301,40156.5K
42FSLYFASTLY INCCL A0.38%$279,88214.6K
43LGIHLGI HOMES INCCOM0.34%$248,7252.5K
44CEPTON INCCOM NEW0.30%$219,77357.8K
45DCGODOCGO INCCOM0.26%$189,58835.6K
46WW INTL INCCOM0.23%$164,94314.9K
47LTHLIFE TIME GROUP HOLDINGS INCCOMMON STOCK0.21%$152,10010.0K
48CCLCARNIVAL CORPCOMMON STOCK0.19%$137,20010.0K
49GNSSGENASYS INCCOM0.17%$120,60060.0K
50PROSOMNUS INC*W EXP 04/20/2020.00%$2,62537.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$73M55Oct 24, 202313F-HRchanges · EDGAR ↗
Q2 2023$81M57Jul 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$85M50Apr 20, 202313F-HRchanges · EDGAR ↗
Q4 2022$79M56Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$82M54Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$82M54Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$172M55Apr 21, 202213F-HRchanges · EDGAR ↗
Q4 2021$150M51Jan 31, 202213F-HRchanges · EDGAR ↗
Q3 2021$137M63Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$145M64Jul 30, 202113F-HRchanges · EDGAR ↗
Q1 2021$193M63May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$121M52Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$98M58Oct 20, 202013F-HRchanges · EDGAR ↗
Q2 2020$92M54Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$56M65May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$60M61Feb 20, 202013F-HRchanges · EDGAR ↗
Q3 2019$100M67Nov 1, 201913F-HRchanges · EDGAR ↗
Q2 2019$74M65Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$53M55Apr 23, 201913F-HRchanges · EDGAR ↗
Q4 2018$44M48Feb 4, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.