SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Islet Management, LP

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

Reported Value
$206M
Q1 2023
Positions
32
Filings on Record
20
2019–present window
Filed
May 15, 2023
original filing

Summary

Islet Management, LP reported $206M in U.S.-listed holdings across 32 positions for Q1 2023.

Its largest position, Fubotv, represents 6.6% of the portfolio.

Compared with Q4 2022, the fund opened 16 new positions and exited 32.

Portfolio Metrics

Turnover
+57.6%
vs prior filed quarter
Top-10 Concentration
+13.3%
share of reported value
Largest Position
+6.6%
Fubotv
New / Exited
16 / 32
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
ETP: 45.7%Common Stock: 44.4%US DOMESTIC: 4.2%ADR: 3.2%Other: 2.5%Equity WRT: 0.0%
  • ETP · 45.7% · $94M
  • Common Stock · 44.4% · $91M
  • US DOMESTIC · 4.2% · $9M
  • ADR · 3.2% · $7M
  • Other · 2.5% · $5M
  • Equity WRT · 0.0% · $1,273

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LIFE STORAGE INCNEW+85.0K85.0K+$11M$11M
FUBOTV INCNEW+8.10M8.10M+$10M$10M
FUBOTV INCNEW+20.00M20.00M+$9M$9M
UNIVAR SOLUTIONS INCNEW+157.5K157.5K+$6M$6M
GOOGALPHABET INCNEW+50.0K50.0K+$5M$5M
AMZNAMAZON COM INCNEW+50.0K50.0K+$5M$5M
BABAALIBABA GROUP HLDG LTDNEW+35.0K35.0K+$4M$4M
IWMISHARES TRNEW+20.0K20.0K+$4M$4M

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

Holdings — Q1 2023

10 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FUBOTV INCNOTE 3.250% 2/1 · COM6.57%$13M24.10M
2TBCHTURTLE BEACH CORPhistory →COM NEW1.66%$3M341.5K
3LOGISTICS INNOVTN TECHNLGS CUNIT 06/10/2026 · *W EXP 06/15/2021.54%$3M386.5K
4FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS1.51%$3M32.9K
5DIGIMARC CORP NEWCOM0.88%$2M92.5K
6CRMSALESFORCE INCCOM0.73%$1M7.5K
7ACIWACI WORLDWIDE INCCOM0.16%$337,25012.5K
8ALLEGO N VORD SHS0.12%$254,578105.6K
9MARINUS PHARMACEUTICALS INCCOM NEW0.10%$207,00030.0K
10RGTIWRIGETTI COMPUTING INC*W EXP 99/99/9990.00%$1,27311.6K

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 ↗.