SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Islet Management, LP

CIK 0001721508 · 590 MADISON AVENUE, 27TH FLOOR, NEW YORK, NY, 10022 · 212.381.1990

Reported Value
$800M
Q3 2019
Positions
64
Filings on Record
19
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Islet Management, LP reported $800M in U.S.-listed holdings across 64 positions for Q3 2019.

Its largest position, BA, represents 3.6% of the portfolio.

Compared with Q2 2019, the fund opened 34 new positions and exited 50.

Portfolio Metrics

Turnover
+45.6%
vs prior filed quarter
Top-10 Concentration
+26.2%
share of reported value
Largest Position
+3.6%
Boeing
New / Exited
34 / 50
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: $866MQ1 ’19Q2 ’19: $874MQ3 ’19: $800MQ4 ’19: $1.1BQ4 ’19Q1 ’20: $685MQ2 ’20: $879MQ3 ’20: $1.5BQ3 ’20Q4 ’20: $2.2BQ1 ’21: $4.1BQ2 ’21: $3.6BQ2 ’21Q3 ’21: $4.6BQ4 ’21: $3.7BQ1 ’22: $2.4BQ1 ’22Q2 ’22: $984MQ3 ’22: $379MQ4 ’22: $148MQ4 ’22Q1 ’23: $206MQ2 ’23: $49MQ3 ’23: $0Q3 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 61.9%ETP: 32.7%REIT: 4.0%ADR: 0.9%Other: 0.5%
  • Common Stock · 61.9% · $496M
  • ETP · 32.7% · $261M
  • REIT · 4.0% · $32M
  • ADR · 0.9% · $7M
  • Other · 0.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NSCNORFOLK SOUTHERN CORPNEW+100.0K100.0K+$18M$18M
MSFTMICROSOFT CORPNEW+125.0K125.0K+$17M$17M
MAMASTERCARD INCNEW+45.0K45.0K+$12M$12M
FXIISHARES TRNEW+300.0K300.0K+$12M$12M
INVHINVITATION HOMES INCNEW+354.0K354.0K+$10M$10M
FOUNDATION BLDG MATLS INCNEW+655.4K655.4K+$10M$10M
SDCCQSMILEDIRECTCLUB INCNEW+650.0K650.0K+$9M$9M
BAPCREDICORP LTDNEW+43.1K43.1K+$9M$9M

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

Holdings — Q3 2019

53 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BABOEING COhistory →COM3.57%$29M75.1K
2TDGTRANSDIGM GROUP INChistory →COM3.25%$26M50.0K
3MIDDMIDDLEBY CORPhistory →COM2.94%$24M201.5K
4BKRBAKER HUGHES A GE COhistory →CL A2.84%$23M979.8K
5NFLXNETFLIX INChistory →COM2.51%$20M75.0K
6FICOFAIR ISAAC CORPhistory →COM2.46%$20M65.0K
7ADBEADOBE INChistory →COM2.42%$19M70.0K
8NSCNORFOLK SOUTHERN CORPhistory →COM2.24%$18M100.0K
9MSFTMICROSOFT CORPhistory →COM2.17%$17M125.0K
10OPTUALTICE USA INChistory →CL A1.79%$14M500.0K
11MAMASTERCARD INChistory →CL A1.53%$12M45.0K
12FTDRFRONTDOOR INChistory →COM1.52%$12M250.0K
13WORLD WRESTLING ENTMT INCCL A1.33%$11M150.0K
14INVHINVITATION HOMES INChistory →COM1.31%$10M354.0K
15FOUNDATION BLDG MATLS INCCOM1.27%$10M655.4K
16CYRUSONE INCCOM1.19%$9M120.0K
17SDCCQSMILEDIRECTCLUB INChistory →CL A COM1.13%$9M650.0K
18BAPCREDICORP LTDhistory →COM1.12%$9M43.1K
19SHWSHERWIN WILLIAMS COhistory →COM1.03%$8M15.0K
20DGDOLLAR GEN CORP NEWCOM0.99%$8M50.0K
21ACTIVISION BLIZZARD INCCOM0.99%$8M150.0K
22CRWDCROWDSTRIKE HLDGS INCCL A0.91%$7M125.0K
23FLEETCOR TECHNOLOGIES INCCOM0.90%$7M25.0K
24ESTCELASTIC N VORD SHS0.87%$7M85.0K
25BAXBAXTER INTL INCCOM0.82%$7M75.0K
26COLDAMERICOLD RLTY TRCOM0.81%$6M175.0K
27MATCH GROUP INCCOM0.76%$6M85.0K
28GRAFTECH INTL LTDCOM0.74%$6M463.1K
29FORESCOUT TECHNOLOGIES INCCOM0.69%$5M145.0K
30ARESARES MANAGEMENT CORPORATIONCL A COM STK0.67%$5M200.0K
31AXA EQUITABLE HLDGS INCCOM0.66%$5M239.2K
32PBPROSPERITY BANCSHARES INCCOM0.66%$5M75.0K
33ANNALY CAP MGMT INCCOM0.66%$5M600.0K
34AMDADVANCED MICRO DEVICES INCCOM0.63%$5M175.0K
35AVALARA INCCOM0.63%$5M75.0K
36EVO PMTS INCCL A COM0.61%$5M175.0K
37LAURLAUREATE EDUCATION INCCL A0.52%$4M250.0K
38MEDICINES COCOM0.41%$3M65.0K
39NOWSERVICENOW INCCOM0.38%$3M12.0K
40CTRIP COM INTL LTDSPONSORED ADS0.37%$3M100.0K
41CVECENOVUS ENERGY INCCOM0.35%$3M300.0K
42FORFORESTAR GROUP INCCOM0.34%$3M150.0K
43BSBRBANCO SANTANDER BRASIL S AADS REP 1 UNIT0.31%$2M227.8K
44EAELECTRONIC ARTS INCCOM0.31%$2M25.0K
45SYNEOS HEALTH INCCL A0.29%$2M43.5K
46BBCPCONCRETE PUMPING HLDGS INCCOM0.25%$2M509.5K
47PINSPINTEREST INCCL A0.25%$2M75.0K
48GHGUARDANT HEALTH INCCOM0.24%$2M30.0K
49AQUAVENTURE HLDGS LTDSHS0.19%$2M79.3K
50GTESGATES INDUSTRIAL CORPRATIN PORD SHS0.19%$2M150.0K
51IMXIINTERNATIONAL MNY EXPRESS INCOM0.15%$1M103.5K
52TELLURIAN INC NEWCOM0.13%$1M125.0K
53BNYBANK NEW YORK MELLON CORPCOM0.04%$354,00025.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$01Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$49M23Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$206M32May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$148M55Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$379M74Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$984M116Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.4B120May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.7B180Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$4.6B200Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.6B156Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$4.1B167May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.2B113Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.5B107Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$879M94Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$685M105May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.1B97Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$800M64Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$874M89Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$866M86May 13, 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 ↗.