SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Granger Management LLC

CIK 0001842881 · 510 MADISON AVENUE, SUITE 2700, NEW YORK, NY, 10022 · 9144716204

Reported Value
$648M
Q1 2021
Positions
33
Filings on Record
23
2019–present window
Filed
Apr 30, 2021
original filing

Summary

Granger Management LLC reported $648M in U.S.-listed holdings across 33 positions for Q1 2021.

The portfolio is heavily concentrated: ACWI alone accounts for 26.0% of reported value.

Compared with Q4 2020, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+24.0%
vs prior filed quarter
Top-10 Concentration
+95.5%
share of reported value
Largest Position
+26.0%
Ishares Tr
New / Exited
3 / 4
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. 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 ’20: $794MQ4 ’20Q1 ’21: $648MQ2 ’21: $494MQ3 ’21: $575MQ3 ’21Q4 ’21: $609MQ1 ’22: $380MQ2 ’22: $296MQ2 ’22Q3 ’22: $324MQ4 ’22: $229MQ1 ’23: $227MQ1 ’23Q2 ’23: $243MQ3 ’23: $237MQ4 ’23: $274MQ4 ’23Q1 ’24: $501MQ2 ’24: $600MQ3 ’24: $508MQ3 ’24Q4 ’24: $440MQ1 ’25: $277MQ2 ’25: $268MQ2 ’25Q3 ’25: $343MQ4 ’25: $378MQ1 ’26: $358MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 76.7%Common Stock: 22.6%REIT: 0.7%
  • ETP · 76.7% · $497M
  • Common Stock · 22.6% · $147M
  • REIT · 0.7% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+734.3K734.3K+$111M$111M
INVESCO EXCH TRADED FD TR IINEW+35.8K35.8K+$2M$2M
OPLNKAR AUCTION SVCS INCNEW+35.9K35.9K+$539,000$539,000
ISHARES TRSOLD OUT−734.3K0−$100M$0
NOWSERVICENOW INCSOLD OUT−20.0K0−$11M$0
ISHARES TRSOLD OUT−2.8K0−$271,000$0
VANGUARD SPECIALIZED FUNDSSOLD OUT−1.7K0−$236,000$0
NDQINVESCO QQQ TRTRIMMED−108.2K16.6K−$34M$5M

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

Holdings — Q1 2021

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ACWIISHARES TRMSCI ACWI ETF · RUS 1000 VAL ETF · EAFE VALUE ETF · CORE US AGGBD ET · S&P 500 VAL ETF · RUSSELL 2000 ETF51.17%$331M3.25M
2SPDR S&P 500 ETF TRTR UNIT19.44%$126M317.7K
3DKNG1USDDRAFTKINGS INChistory →COM CL A8.43%$55M889.9K
4PINSPINTEREST INChistory →CL A7.68%$50M671.9K
5AMZNAMAZON COM INChistory →COM4.21%$27M8.8K
6FIRST TR EXCHANGE TRADED FDWTR ETF3.66%$24M303.0K
7AAPLAPPLE INCCOM0.96%$6M51.0K
8NDQINVESCO QQQ TRUNIT SER 10.82%$5M16.6K
9XLFSELECT SECTOR SPDR TRSBI INT-FINL · ENERGY · TECHNOLOGY0.70%$5M104.3K
10SPGSIMON PPTY GROUP INC NEWCOM0.66%$4M37.5K
11SPDR SER TRS&P HOMEBUILD · S&P BK ETF0.50%$3M49.3K
12MSFTMICROSOFT CORPCOM0.45%$3M12.4K
13INVESCO EXCH TRADED FD TR IIKBW BK ETF0.34%$2M35.8K
14GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.24%$2M760
15DISDISNEY WALT COCOM0.16%$1M5.5K
16NFLXNETFLIX INCCOM0.10%$623,0001.2K
17DYHTARGET CORPCOM0.09%$599,0003.0K
18VUGVANGUARD INDEX FDSGROWTH ETF0.08%$543,0002.1K
19OPLNKAR AUCTION SVCS INCCOM0.08%$539,00035.9K
20TSLATESLA INCCOM0.06%$387,000580
21GSGOLDMAN SACHS GROUP INCCOM0.06%$364,0001.1K
22AVGOBROADCOM INCCOM0.04%$249,000536
23MCDMCDONALDS CORPCOM0.04%$242,0001.1K
24MCXMCCORMICK & CO INCCOM NON VTG0.03%$209,0002.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$358M6May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$378M6Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$343M6Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$268M6Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$277M5May 2, 202513F-HRchanges · EDGAR ↗
Q4 2024$440M7Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$508M22Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$600M23Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$501M21May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$274M27Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$237M22Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$243M23Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$227M24May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$229M23Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$324M27Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$296M29Aug 1, 202213F-HRchanges · EDGAR ↗
Q1 2022$380M30Apr 28, 202213F-HRchanges · EDGAR ↗
Q4 2021$609M31Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$575M32Nov 5, 202113F-HRchanges · EDGAR ↗
Q2 2021$494M33Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$648M33Apr 30, 202113F-HRchanges · EDGAR ↗
Q4 2020$794M39Feb 8, 202113F-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 ↗.