Espalier Global Management LLC
Follow13F filer, CIK 1533327, New York, NY
Espalier Global Management LLC reported $390,129,000 across 60 holdings for the quarter ended 2015-12-31, in a 13F-HR filed 2016-02-16. Its ten largest share positions make up 45.75% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-16-010641
- Period
- 2015-12-31
- Reported value
- $390M
- Holdings
- 60
- Top 10 weight
- 45.75%
- New
- 37
- Sold out
- 44
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SYFnew | +312,500 | $9.5M |
| SCHWnew | +192,000 | $6.32M |
| LMTnew | +27,500 | $5.97M |
| GDnew | +37,500 | $5.15M |
| RACKSPACE HOSTING INCnew | +170,000 | $4.3M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| NFLXexited | -100,000 | -$10.3M |
| CTSHexited | -137,500 | -$8.61M |
| Googleexited | -12,500 | -$7.98M |
| AIGexited | -137,500 | -$7.81M |
| DHRexited | -75,000 | -$6.39M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2015
Share positions as resolved from 13F-HR 0000919574-16-010641, largest first. % of portfolio is the value over $133,541,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| SYFSYNCHRONY FINANCIAL | 312,500 | $9.5M | 7.12% | new | Timeline | ||
| TD AMERITRADE HLDG CORPTD AMERITRADE HLDG CORP | 200,000 | $6.94M | 5.2% | +25,000 | |||
| SCHWCHARLES SCHWAB CORP (THE) | 192,000 | $6.32M | 4.73% | new | Timeline | ||
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | 178,000 | $6.2M | 4.64% | +3,000 | Timeline | ||
| LMTLOCKHEED MARTIN CORP | 27,500 | $5.97M | 4.47% | new | Timeline | ||
| ACTVISION BLIZZARD INCACTVISION BLIZZARD INC | 151,500 | $5.87M | 4.39% | +14,000 | |||
| HRBBLOCK H & R INC | 158,500 | $5.28M | 3.95% | +58,500 | Timeline | ||
| GDGENERAL DYNAMICS CORP | 37,500 | $5.15M | 3.86% | new | Timeline | ||
| E TRADE FINANCIAL CORPE TRADE FINANCIAL CORP | 170,000 | $5.04M | 3.77% | -130,000 | |||
| METAMETA PLATFORMS INC | 46,000 | $4.81M | 3.6% | -54,000 | Timeline | ||
| ORBCOMM INCORBCOMM INC | 650,000 | $4.71M | 3.52% | +37,500 | |||
| RACKSPACE HOSTING INCRACKSPACE HOSTING INC | 170,000 | $4.3M | 3.22% | new | |||
| VIRTVIRTU FINL INC | 187,500 | $4.25M | 3.18% | -96,700 | Timeline | ||
| BACBANK OF AMER CORP | 250,000 | $4.21M | 3.15% | new | Timeline | ||
| TMOTHERMO FISHER SCIENTIFIC INC | 29,000 | $4.11M | 3.08% | +9,000 | Timeline | ||
| CFGCITIZENS FINL GROUP INC | 155,000 | $4.06M | 3.04% | new | Timeline | ||
| DALDELTA AIR LINES INC | 77,000 | $3.9M | 2.92% | new | Timeline | ||
| VVISA INC | 50,000 | $3.88M | 2.9% | -75,000 | Timeline | ||
| KEYKEYCORP | 250,000 | $3.3M | 2.47% | new | Timeline | ||
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 57,500 | $3.08M | 2.31% | new | |||
| GOGOGOGO INC | 172,500 | $3.07M | 2.3% | new | Timeline | ||
| EBAYEBAY INC. | 110,000 | $3.02M | 2.26% | -127,500 | Timeline | ||
| GDDYGODADDY INC | 87,500 | $2.81M | 2.1% | -100,000 | Timeline | ||
| EAELECTRONIC ARTS INC | 37,500 | $2.58M | 1.93% | -37,500 | Timeline | ||
| NOCNORTHROP GRUMMAN CORP | 12,500 | $2.36M | 1.77% | new | Timeline | ||
| LIBERTY TRIPADVISOR HLDGS INLIBERTY TRIPADVISOR HLDGS IN | 71,500 | $2.17M | 1.62% | new | |||
| PJTPJT PARTNERS INC | 75,000 | $2.12M | 1.59% | new | Timeline | ||
| RAYTHEON CORAYTHEON CO | 15,000 | $1.87M | 1.4% | new | |||
| GLOBAL EAGLE ENTERTAINMENT IGLOBAL EAGLE ENTERTAINMENT I | 187,500 | $1.85M | 1.39% | new | |||
| ITRIITRON INC | 50,000 | $1.81M | 1.35% | new | Timeline | ||
| TABLEAU SOFTWARE INCTABLEAU SOFTWARE INC | 15,000 | $1.41M | 1.06% | new | |||
| SGISOMNIGROUP INTERNATIONAL INC | 17,500 | $1.23M | 0.92% | new | Timeline | ||
| GROUPON INCGROUPON INC | 375,000 | $1.15M | 0.86% | new | |||
| PACBPACIFIC BIOSCIENCES CALIF IN | 87,500 | $1.15M | 0.86% | new | Timeline | ||
| SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC | 275,000 | $1.12M | 0.84% | new | |||
| ADTRAN INCADTRAN INC | 65,000 | $1.12M | 0.84% | new | |||
| ON DECK CAP INCON DECK CAP INC | 87,500 | $901K | 0.67% | new | |||
| SONUS NETWORKS INCSONUS NETWORKS INC | 80,000 | $570K | 0.43% | new | |||
| TTOOTTOO | 31,250 | $342K | 0.26% | new |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| BABOEING CO COM | put | 300,000 | $43.4M | +175,000 |
| IWMISHARES TR SHS | put | 250,000 | $28.2M | -625,000 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 125,000 | $25.5M | -125,000 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | put | 300,000 | $24.4M | +50,000 |
| DISDISNEY WALT CO COM | put | 200,000 | $21M | new |
| IBMINTERNATIONAL BUSINESS MACHS COM | put | 132,500 | $18.2M | new |
| CHKPCHECK POINT SOFTWARE TECH LT Stock | put | 150,000 | $12.2M | new |
| AAPLAPPLE INC COM | put | 100,000 | $10.5M | +50,000 |
| NEMNEWMONT CORP COM | call | 500,000 | $8.99M | 0 |
| MOBILEYE NV XXXMAN…MOBILEYE NV XXXMANDATORY… FOREIGN ORDINARIES | put | 196,800 | $8.32M | +27,500 |
| GENERAL ELEC COGENERAL ELEC CO COM | put | 250,000 | $7.79M | new |
| AZOAUTOZONE INC Stock | put | 10,000 | $7.42M | new |
| E TRADE FINANCIAL CORPE TRADE FINANCIAL CORP COM NEW | call | 250,000 | $7.41M | +74,500 |
| AIGAMERICAN INTL GROUP INC Stock | put | 100,000 | $6.2M | new |
| ADIANALOG DEVICES INC COM | put | 100,000 | $5.53M | new |
| PAYXPAYCHEX INC COM | put | 100,000 | $5.29M | new |
| SOLARCITY CORPSOLARCITY CORP COM | put | 100,000 | $5.1M | new |
| Viacom Inc Cl AViacom Inc Cl A CL A | put | 100,000 | $4.12M | 0 |
| NKENIKE INC COM | put | 50,000 | $3.12M | new |
| Foundation Medicine IncFoundation Medicine Inc COM | call | 100,000 | $2.11M | new |
| SPRINT CORPSPRINT CORP COM SER 1 | put | 500,000 | $1.81M | 0 |
Sold out in Q4 2015
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 312,500 | $59.9M | call |
| PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser | 500,000 | $50.9M | put |
| AIGAMERICAN INTL GROUP INC | 300,000 | $17M | call |
| GoogleGoogle | 25,000 | $16M | call |
| WMWASTE MGMT INC DEL | 250,000 | $12.5M | put |
| PRICELINE GRP INCPRICELINE GRP INC | 10,000 | $12.4M | put |
| NFLXNETFLIX INC. | 100,000 | $10.3M | shares |
| WATWATERS CORP | 74,700 | $8.83M | call |
| ILMNILLUMINA INC | 50,000 | $8.79M | call |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO | 137,500 | $8.61M | shares |
| GoogleGoogle | 12,500 | $7.98M | shares |
| AIGAMERICAN INTL GROUP INC | 137,500 | $7.81M | shares |
| TROWPRICE T ROWE GROUP INC | 100,000 | $6.95M | put |
| MSIMOTOROLA SOLUTIONS INC | 100,000 | $6.84M | put |
| DHRDANAHER CORP DEL | 75,000 | $6.39M | shares |
| COFCAPITAL ONE FINL CORP | 87,500 | $6.35M | shares |
| PYPLPAYPAL HLDGS INC | 187,500 | $5.82M | shares |
| VOYAVOYA FINANCIAL INC | 150,000 | $5.82M | shares |
| XLFSELECT SECTOR SPDR TR | 250,000 | $5.67M | put |
| BOTTOMLINE TECH INC DELBOTTOMLINE TECH INC DEL | 212,500 | $5.32M | shares |
| TD AMERITRADE HLDG CORPTD AMERITRADE HLDG CORP | 165,300 | $5.26M | call |
| IBKRINTERACTIVE BROKERS GROUP IN | 125,000 | $4.93M | put |
| INTUINTUIT | 50,000 | $4.44M | shares |
| NOKNOKIA CORP | 600,000 | $4.07M | shares |
| CHICAGO BRIDGE & IRON CO NVCHICAGO BRIDGE & IRON CO NV | 100,000 | $3.97M | put |
| LIONS GATE ENTMNT CORPLIONS GATE ENTMNT CORP | 100,000 | $3.68M | shares |
| NEW YORK COMMUNITY BANCORPNEW YORK COMMUNITY BANCORP | 200,000 | $3.61M | shares |
| VVISA INC | 50,000 | $3.48M | call |
| AAGILENT TECHNOLOGIES INC | 100,000 | $3.43M | shares |
| TRIPTRIPADVISOR INC | 50,000 | $3.15M | call |
| CYPRESS SEMICONDUCTOR CORPCYPRESS SEMICONDUCTOR CORP | 325,000 | $2.77M | shares |
| ALCATEL-LUCENTALCATEL-LUCENT | 750,000 | $2.75M | shares |
| IMPERVA INCIMPERVA INC | 40,000 | $2.62M | shares |
| AMZNAMAZON COM INC | 5,000 | $2.56M | shares |
| RED HAT INCRED HAT INC | 35,000 | $2.52M | call |
| CCITIGROUP INC | 50,000 | $2.48M | shares |
| GRUBHUB INCGRUBHUB INC | 100,000 | $2.43M | shares |
| WATWATERS CORP | 20,000 | $2.36M | shares |
| ILMNILLUMINA INC | 12,500 | $2.2M | shares |
| ROVI CORPROVI CORP | 190,000 | $1.99M | shares |
| MELLANOX TECHNOLOGIES LTDMELLANOX TECHNOLOGIES LTD | 50,000 | $1.89M | shares |
| QCOMQUALCOMM INC | 35,000 | $1.88M | shares |
| TRUTRANSUNION | 62,500 | $1.57M | shares |
| BARCLAYS IPTH SRS B S&P SHR…BARCLAYS IPTH SRS B S&P SHRT TRM … | 25,000 | $641K | shares |
How Q4 2015 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000919574-16-010641 | base | 2016-02-16 | acceptance time not in the bulk data set |