SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Trellus Management Company, LLC

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

Reported Value
$85M
Q1 2023
Positions
50
Filings on Record
19
2019–present window
Filed
Apr 20, 2023
original filing

Summary

Trellus Management Company, LLC reported $85M in U.S.-listed holdings across 50 positions for Q1 2023.

The portfolio is heavily concentrated: Vertex Energy alone accounts for 24.7% of reported value.

Compared with Q4 2022, the fund opened 11 new positions and exited 17.

Portfolio Metrics

Turnover
+40.9%
vs prior filed quarter
Top-10 Concentration
+51.2%
share of reported value
Largest Position
+24.7%
Vertex Energy
New / Exited
11 / 17
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
Q1 ’19: $53MQ1 ’19Q2 ’19: $74MQ3 ’19: $100MQ4 ’19: $60MQ4 ’19Q1 ’20: $56MQ2 ’20: $92MQ3 ’20: $98MQ3 ’20Q4 ’20: $121MQ1 ’21: $193MQ2 ’21: $145MQ2 ’21Q3 ’21: $137MQ4 ’21: $150MQ1 ’22: $172MQ1 ’22Q2 ’22: $82MQ3 ’22: $82MQ4 ’22: $79MQ4 ’22Q1 ’23: $85MQ2 ’23: $81MQ3 ’23: $73MQ3 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 68.9%ETP: 27.2%MLP: 1.9%Other: 1.3%ADR: 0.8%
  • Common Stock · 68.9% · $59M
  • ETP · 27.2% · $23M
  • MLP · 1.9% · $2M
  • Other · 1.3% · $1M
  • ADR · 0.8% · $665,600

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+50.0K50.0K+$20M$20M
CNCCENTENE CORP DELNEW+30.0K30.0K+$2M$2M
ARLPALLIANCE RESOURCE PARTNERS LNEW+78.3K78.3K+$2M$2M
DIREXION SHS ETF TRNEW+20.4K20.4K+$635,256$635,256
PRIPRIMERICA INCNEW+3.6K3.6K+$620,064$620,064
AVNWAVIAT NETWORKS INCNEW+14.7K14.7K+$506,700$506,700
PLPLANET LABS PBCNEW+80.0K80.0K+$314,400$314,400
BARCLAYS BANK PLCNEW+5.7K5.7K+$255,987$255,987

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

Holdings — Q1 2023

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VERTEX ENERGY INCCOM24.66%$21M2.12M
2VICRVICOR CORPhistory →COM7.18%$6M129.9K
3AWKAMERICAN WTR WKS CO INC NEWhistory →COM7.06%$6M41.0K
4CNCCENTENE CORP DELhistory →COM2.23%$2M30.0K
5ARLPALLIANCE RESOURCE PARTNERS Lhistory →UT LTD PART1.86%$2M78.3K
6ALTERYX INCCOM CL A1.73%$1M25.0K
7EBIX INCCOM NEW1.71%$1M110.0K
8ASPNASPEN AEROGELS INChistory →COM1.59%$1M181.9K
9RMNIRIMINI STR INC DELhistory →COM1.57%$1M324.0K
10DISDISNEY WALT COhistory →COM1.56%$1M13.2K
11PERFORMANT FINL CORPCOM1.30%$1M325.0K
12TLTISHARES TRhistory →20 YR TR BD ETF1.28%$1M10.2K
13PACBPACIFIC BIOSCIENCES CALIF INhistory →COM1.21%$1M88.5K
14CARPARTS COM INCCOM1.13%$961,200180.0K
15UCOPROSHARES TR IIULTA BLMBG 2017 · ULTRA BLOOMBERG1.05%$894,10369.1K
16ADSKAUTODESK INCCOM0.98%$832,6404.0K
17ZSZSCALER INCCOM0.82%$700,9806.0K
18GLOBALSTAR INCCOM0.82%$696,000600.0K
19XYZBLOCK INCCL A0.81%$686,50010.0K
20SBSWSIBANYE STILLWATER LTDSPONSORED ADR0.78%$665,60080.0K
21DIREXION SHS ETF TRDAILY SM CP BEAR0.75%$635,25620.4K
22PRIPRIMERICA INCCOM0.73%$620,0643.6K
23APPSDIGITAL TURBINE INCCOM NEW0.73%$618,00050.0K
24CLNECLEAN ENERGY FUELS CORPCOM0.72%$610,400140.0K
25WESTPORT FUEL SYSTEMS INCCOM NEW0.71%$600,075630.0K
26CANTALOUPE INCCOM0.67%$571,140100.2K
27GENEDX HOLDINGS CORPCOM CL A0.64%$547,5001.50M
28CCJCAMECO CORPCOM0.62%$523,40020.0K
29AVNWAVIAT NETWORKS INCCOM NEW0.60%$506,70014.7K
30MIRATI THERAPEUTICS INCCOM0.59%$502,82213.5K
31UBERUBER TECHNOLOGIES INCCOM0.54%$461,55214.6K
32MOSMOSAIC CO NEWCOM0.54%$458,80010.0K
33DDOGDATADOG INCCL A COM0.43%$363,3005.0K
34SNOWSNOWFLAKE INCCL A0.42%$359,9592.3K
35PARATEK PHARMACEUTICALS INCCOM0.38%$322,580127.0K
36EQTEQT CORPCOM0.38%$319,10010.0K
37PLPLANET LABS PBCCOM CL A0.37%$314,40080.0K
38RNGRINGCENTRAL INCCL A0.36%$306,70010.0K
39PACKRANPAK HOLDINGS CORPCOM CL A0.36%$302,23857.9K
40BARCLAYS BANK PLCIPTH SR B S&P0.30%$255,9875.7K
41GENIGENIUS SPORTS LIMITEDSHARES CL A0.27%$229,46346.1K
42DANIMER SCIENTIFIC INCCOM CL A0.27%$226,41065.6K
43APLDAPPLIED DIGITAL CORPCOM NEW0.25%$212,80095.0K
44DMTKQDERMTECH INCCOM0.16%$137,45537.4K
45FENCFENNEC PHARMACEUTICALS INCCOM0.12%$98,68411.9K
46PROSOMNUS INC*W EXP 04/20/2020.01%$5,92537.5K

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 ↗

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 ↗.