SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Islet Management, LP

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

Reported Value
$1.5B
Q3 2020
Positions
107
Filings on Record
20
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Islet Management, LP reported $1.5B in U.S.-listed holdings across 107 positions for Q3 2020.

Its largest position, PENN, represents 2.2% of the portfolio.

Compared with Q2 2020, the fund opened 74 new positions and exited 58.

Portfolio Metrics

Turnover
+46.1%
vs prior filed quarter
Top-10 Concentration
+13.3%
share of reported value
Largest Position
+2.2%
Penn Natl Gaming
New / Exited
74 / 58
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: $628MQ4 ’18Q1 ’19: $866MQ2 ’19: $874MQ3 ’19: $800MQ3 ’19Q4 ’19: $1.1BQ1 ’20: $685MQ2 ’20: $879MQ2 ’20Q3 ’20: $1.5BQ4 ’20: $2.2BQ1 ’21: $4.1BQ1 ’21Q2 ’21: $3.6BQ3 ’21: $4.6BQ4 ’21: $3.7BQ4 ’21Q1 ’22: $2.4BQ2 ’22: $984MQ3 ’22: $379MQ3 ’22Q4 ’22: $148MQ1 ’23: $206MQ2 ’23: $49MQ2 ’23Q3 ’23: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 54.4%ETP: 33.5%ADR: 6.7%Other: 3.5%REIT: 1.3%Unit: 0.5%
  • Common Stock · 54.4% · $794M
  • ETP · 33.5% · $489M
  • ADR · 6.7% · $98M
  • Other · 3.5% · $51M
  • REIT · 1.3% · $19M
  • Unit · 0.5% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+525.0K525.0K+$146M$146M
PENNPENN NATL GAMING INCNEW+500.0K500.0K+$36M$36M
ACMAECOMNEW+725.0K725.0K+$30M$30M
FOURSHIFT4 PMTS INCNEW+500.0K500.0K+$24M$24M
MUMICRON TECHNOLOGY INCNEW+460.0K460.0K+$22M$22M
RPAYREPAY HLDGS CORPNEW+900.0K900.0K+$21M$21M
PTONPELOTON INTERACTIVE INCNEW+150.0K150.0K+$15M$15M
KHCKRAFT HEINZ CONEW+487.1K487.1K+$15M$15M

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

Holdings — Q3 2020

93 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PENNPENN NATL GAMING INChistory →COM2.24%$33M450.0K
2FOURSHIFT4 PMTS INChistory →CL A1.49%$22M450.0K
3MUMICRON TECHNOLOGY INChistory →COM1.48%$22M460.0K
4RPAYREPAY HLDGS CORPhistory →COM CL A1.45%$21M900.0K
5BILLBILL COM HLDGS INChistory →COM1.20%$18M175.0K
6DHRDANAHER CORPORATIONhistory →COM1.16%$17M78.4K
7CLGXCORELOGIC INChistory →COM1.13%$17M244.5K
8TWTRADEWEB MKTS INChistory →CL A1.09%$16M275.0K
9CSGPCOSTAR GROUP INChistory →COM1.02%$15M17.5K
10KHCKRAFT HEINZ COhistory →COM1.00%$15M487.1K
11AMHAMERICAN HOMES 4 RENThistory →CL A0.98%$14M500.0K
12ORPHAZYME A SADS0.96%$14M1.35M
13NVDANVIDIA CORPORATIONhistory →COM0.93%$14M25.0K
14CZRCAESARS ENTERTAINMENT INC NEhistory →COM0.92%$13M239.8K
15PCTYPAYLOCITY HLDG CORPhistory →COM0.88%$13M79.2K
16UBERUBER TECHNOLOGIES INChistory →COM0.88%$13M350.0K
17BIDUBAIDU INChistory →SPON ADR REP A0.87%$13M100.0K
18BSYBENTLEY SYS INChistory →COM CL B0.86%$13M400.0K
19ACMAECOMhistory →COM0.86%$13M300.0K
20IAC INTERACTIVECORP NEWCOM0.82%$12M100.0K
21AZOAUTOZONE INChistory →COM0.81%$12M10.0K
22LYFTLYFT INChistory →CL A COM0.80%$12M425.0K
23FOUNDATION BLDG MATLS INCCOM0.78%$11M720.0K
24GAPGAP INChistory →COM0.76%$11M650.0K
25UNHUNITEDHEALTH GROUP INChistory →COM0.75%$11M35.0K
26DISHDISH NETWORK CORPORATIONhistory →CL A0.75%$11M375.0K
27WMTWALMART INChistory →COM0.72%$10M75.0K
28VIRTVIRTU FINL INChistory →CL A0.71%$10M450.0K
29BKNGBOOKING HOLDINGS INChistory →COM0.70%$10M6.0K
30NOWSERVICENOW INCCOM0.67%$10M20.0K
31FICOFAIR ISAAC CORPCOM0.66%$10M22.5K
32OTISOTIS WORLDWIDE CORPCOM0.64%$9M150.0K
33TCOMTRIP COM GROUP LTDADS0.64%$9M300.0K
34BYDBOYD GAMING CORPCOM0.63%$9M300.0K
35WBWEIBO CORPSPONSORED ADR0.62%$9M250.0K
36YELPYELP INCCL A0.62%$9M450.0K
37CSIQCANADIAN SOLAR INCCOM0.60%$9M250.0K
38ROADCONSTRUCTION PARTNERS INCCOM CL A0.59%$9M475.0K
39EVO PMTS INCCL A COM0.58%$8M340.0K
40MARINUS PHARMACEUTICALS INCCOM NEW0.57%$8M650.0K
41NEENEXTERA ENERGY INCCOM0.57%$8M30.0K
42MLCOMELCO RESORTS AND ENTMNT LTDADR0.57%$8M500.0K
43KDPKEURIG DR PEPPER INCCOM0.57%$8M300.0K
44EVOQUA WATER TECHNOLOGIES COCOM0.57%$8M390.0K
45HASHASBRO INCCOM0.57%$8M100.0K
46WYNNWYNN RESORTS LTDCOM0.57%$8M115.0K
47TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.56%$8M100.0K
48CHURCHILL CAPITAL CORP IVUNIT 99/99/99990.55%$8M800.0K
49RKTROCKET COS INCCOM CL A0.55%$8M400.0K
50CM LIFE SCIENCES INCUNIT 09/01/20250.54%$8M750.0K
51VIPSVIPSHOP HOLDINGS LIMITEDSPONSORED ADS A0.54%$8M500.0K
52TPRTAPESTRY INCCOM0.54%$8M500.0K
53CARGCARGURUS INCCOM CL A0.52%$8M350.0K
54SFIXSTITCH FIX INCCOM CL A0.51%$7M275.0K
55AZEKAZEK CO INCCL A0.51%$7M211.7K
56CARSCARS COM INCCOM0.50%$7M894.5K
57DBXDROPBOX INCCL A0.50%$7M375.0K
58TJXTJX COS INC NEWCOM0.48%$7M125.0K
59MDBMONGODB INCCL A0.48%$7M30.0K
60TRIPTRIPADVISOR INCCOM0.47%$7M350.0K
61PGNYPROGYNY INCCOM0.47%$7M231.6K
62ELANELANCO ANIMAL HEALTH INCCOM0.46%$7M239.6K
63WENWENDYS COCOM0.46%$7M300.0K
64SOLARWINDS CORPCOM0.45%$7M323.6K
65REALTHE REALREAL INCCOM0.45%$7M450.0K
66CRMSALESFORCE COM INCCOM0.43%$6M25.0K
67ADC THERAPEUTICS SASHS0.43%$6M188.0K
68JOYYJOYY INCADS REPSTG COM A0.41%$6M75.0K
69BKRBAKER HUGHES COMPANYCL A0.41%$6M453.3K
70FLYING EAGLE ACQUISITION CORCOM0.38%$5M450.0K
71EVENTBRITE INCCOM CL A0.37%$5M500.0K
72BLMNBLOOMIN BRANDS INCCOM0.37%$5M350.0K
73WSCWILLSCOT MOBIL MINI HLDNG COCOM CL A0.34%$5M300.0K
74PKPARK HOTELS RESORTS INCCOM0.34%$5M500.0K
75SOCIAL CAP HDOSPHIA HLDG COSHS CL A0.33%$5M250.0K
76MICHAELS COS INCCOM0.30%$4M455.0K
77LIGHTSPEED POS INCSUB VTG SHS0.29%$4M133.2K
78KCKINGSOFT CLOUD HLDGS LTDADS0.25%$4M125.0K
79GRAFTECH INTL LTDCOM0.23%$3M491.2K
80LPROOPEN LENDING CORPCOM CL A0.22%$3M125.0K
81HOSTESS BRANDS INCCL A0.20%$3M234.4K
82ASANASANA INCCL A0.20%$3M100.0K
83BVBRIGHTVIEW HLDGS INCCOM0.19%$3M239.5K
84CORAMERISOURCEBERGEN CORPCOM0.17%$2M25.0K
85THERAPEUTICSMD INCCOM0.16%$2M1.50M
86BRIGHAM MINERALS INCCL A COM0.15%$2M243.8K
87MOMO INCADR0.14%$2M150.0K
88BSTINBEST INCSPONSORED ADS0.10%$2M500.0K
89CHDCHURCH & DWIGHT INCCOM0.10%$1M15.0K
90FORTERRA INCCOM0.08%$1M100.0K
91IMXIINTERNATIONAL MNY EXPRESS INCOM0.08%$1M91.0K
92LIBERTY TRIPADVISOR HLDGS INCOM SER A0.06%$865,000500.0K
93QUTOUTIAO INCADS REP SHS A0.03%$370,000168.8K

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 ↗
Q4 2018$628M62Feb 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 ↗.