Trellus Management 13F annual report
Trellus Management is an investment fund managing more than $51.7 billion ran by James Scaplen. There are currently 49 companies in Mr. Scaplen’s portfolio. The largest investments include Vertex Inc and Vicor, together worth $17.1 billion.
$51.7 billion Assets Under Management (AUM)
As of 17th October 2023, Trellus Management’s top holding is 2,121,076 shares of Vertex Inc currently worth over $9.44 billion and making up 18.2% of the portfolio value.
Relative to the number of outstanding shares of Vertex Inc, Trellus Management owns more than approximately 0.1% of the company.
In addition, the fund holds 129,945 shares of Vicor worth $7.65 billion, whose value grew 24.8% in the past six months.
The third-largest holding is American Wtr Wks Co Inc New worth $5.07 billion and the next is Centene worth $2.07 billion, with 30,000 shares owned.
Currently, Trellus Management's portfolio is worth at least $51.7 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Trellus Management
The Trellus Management office and employees reside in Delray Beach, Florida. According to the last 13-F report filed with the SEC, James Scaplen serves as the Chief Compliance Officer at Trellus Management.
Recent trades
In the most recent 13F filing, Trellus Management revealed that it had opened a new position in
Fulgent Genetics Inc and bought 43,100 shares worth $1.15 billion.
This means they effectively own approximately 0.1% of the company.
Fulgent Genetics Inc makes up
31.7%
of the fund's Health Care sector allocation and has decreased its share price by 33.4% in the past year.
The investment fund also strengthened its position in Ebix by buying
5,000 additional shares.
This makes their stake in Ebix total 115,000 shares worth $1.14 billion.
Ebix dropped 69.8% in the past year.
On the other hand, there are companies that Trellus Management is getting rid of from its portfolio.
Trellus Management closed its position in Ishares Tr on 24th October 2023.
It sold the previously owned 35,000 shares for $3.6 billion.
James Scaplen also disclosed a decreased stake in Globalstar by approximately 0.1%.
This leaves the value of the investment at $894 million and 682,100 shares.
One of the smallest hedge funds
The two most similar investment funds to Trellus Management are Healthinvest Partners Ab and Boulder Hill Capital Management L.P.. They manage $51.8 billion and $51.9 billion respectively.
James Scaplen investment strategy
Trellus Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 30.7% of
the total portfolio value.
The fund focuses on investments in the United States as
65.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
22% of the total holdings value.
On the other hand, small-cap stocks make up only 2.0% of the portfolio.
The average market cap of the portfolio companies is close to $11.6 billion.
The complete list of Trellus Management trades based on 13F SEC filings
These positions were updated on October 24th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vertex Energy Inc |
No change
2,121,076
|
$9,438,788,000 | 18.24% |
| Vicor Corp. |
No change
129,945
|
$7,652,461,000 | 14.79% |
| American Wtr Wks Co Inc New |
No change
40,963
|
$5,072,448,000 | 9.80% |
| Ishares Tr |
Closed
35,000
|
$3,602,900,000 | |
| Centene Corp. |
No change
30,000
|
$2,066,400,000 | 3.99% |
| Aspen Aerogels Inc. |
No change
220,000
|
$1,892,000,000 | 3.66% |
| Rimini Str Inc Del |
Closed
350,000
|
$1,676,500,000 | |
| Fulgent Genetics Inc |
Opened
43,100
|
$1,152,494,000 | 2.23% |
| Ebix Inc. |
4.55%
115,000
|
$1,136,200,000 | 2.20% |
| Ranpak Holdings Corp |
10.59%
208,817
|
$1,135,964,000 | 2.20% |
| Disney Walt Co |
No change
13,200
|
$1,069,860,000 | 2.07% |
| Alteryx Inc |
12.40%
28,100
|
$1,059,089,000 | 2.05% |
| Semtech Corp. |
Closed
40,000
|
$1,018,400,000 | |
| Aviat Networks Inc |
14.55%
31,500
|
$982,800,000 | 1.90% |
| Pacific Biosciences Calif In |
25.42%
111,000
|
$926,850,000 | 1.79% |
| Globalstar Inc. |
2.56%
682,100
|
$893,551,000 | 1.73% |
| Proshares Tr Ii |
Opened
24,500
|
$1,651,910,000 | 3.19% |
| Proshares Tr |
5.13%
41,000
|
$838,040,000 | 1.62% |
| Autodesk Inc. |
No change
4,000
|
$827,640,000 | 1.60% |
| Proshares Tr Ii |
Closed
61,600
|
$1,317,520,000 | |
| Performant Finl Corp |
No change
350,000
|
$791,000,000 | 1.53% |
| Ceco Environmental Corp. |
Opened
48,763
|
$778,745,000 | 1.51% |
| General Mls Inc |
Closed
10,000
|
$767,000,000 | |
| CarParts.com Inc |
No change
180,000
|
$741,600,000 | 1.43% |
| Clean Energy Fuels Corp |
No change
190,000
|
$727,700,000 | 1.41% |
| Indie Semiconductor Inc |
8.67%
110,000
|
$693,000,000 | 1.34% |
| Backblaze Inc |
Closed
160,000
|
$692,800,000 | |
| Norfolk Southn Corp |
Opened
3,500
|
$689,255,000 | 1.33% |
| Halliburton Co. |
Closed
20,000
|
$659,800,000 | |
| Calix Inc |
Closed
12,935
|
$645,586,000 | |
| Digital Turbine Inc |
84.84%
100,000
|
$605,000,000 | 1.17% |
| Genedx Holdings Corp |
54.96%
155,012
|
$564,244,000 | 1.09% |
| Uber Technologies Inc |
20.60%
11,560
|
$531,644,000 | 1.03% |
| Direxion Shs Etf Tr |
Closed
20,000
|
$526,000,000 | |
| Advanced Micro Devices Inc. |
No change
5,000
|
$514,100,000 | 0.99% |
| Sabre Corp |
Closed
160,000
|
$510,400,000 | |
| Westport Fuel Systems Inc |
32.12%
83,238
|
$504,422,000 | 0.98% |
| Applied Digital Corp |
5.44%
80,000
|
$499,200,000 | 0.96% |
| Sibanye Stillwater Ltd |
Closed
80,000
|
$499,200,000 | |
| Enersys |
Opened
5,000
|
$473,350,000 | 0.91% |
| Cantaloupe Inc |
Closed
59,254
|
$471,662,000 | |
| Block Inc |
No change
10,000
|
$442,600,000 | 0.86% |
| DocuSign Inc |
100.00%
10,000
|
$420,000,000 | 0.81% |
| Codexis Inc. |
12.51%
220,000
|
$415,800,000 | 0.80% |
| Chewy Inc |
Opened
20,000
|
$365,200,000 | 0.71% |
| Danimer Scientific, Inc. |
No change
174,538
|
$361,294,000 | 0.70% |
| Mosaic Co New |
No change
10,000
|
$356,000,000 | 0.69% |
| Direxion Shs Etf Tr |
Opened
4,500
|
$351,900,000 | 0.68% |
| Xponential Fitness, Inc. |
Closed
20,000
|
$345,000,000 | |
| Pepsico Inc |
Opened
2,000
|
$338,880,000 | 0.66% |
| RingCentral Inc. |
Closed
10,000
|
$327,300,000 | |
| BILL Holdings Inc |
Opened
3,000
|
$325,710,000 | 0.63% |
| Datadog Inc |
30.00%
3,500
|
$318,815,000 | 0.62% |
| Match Group Inc. |
Opened
8,000
|
$313,400,000 | 0.61% |
| Enviva Inc |
Closed
28,000
|
$303,800,000 | |
| Genius Sports Limited |
No change
56,548
|
$301,401,000 | 0.58% |
| Marvell Technology Inc |
Closed
5,000
|
$298,900,000 | |
| Paratek Pharmaceuticals Inc. |
Closed
127,000
|
$280,670,000 | |
| Fastly Inc |
Opened
14,600
|
$279,882,000 | 0.54% |
| LGI Homes Inc |
Opened
2,500
|
$248,725,000 | 0.48% |
| Cepton Inc |
Opened
57,835
|
$219,773,000 | 0.42% |
| Docgo Inc |
Opened
35,570
|
$189,588,000 | 0.37% |
| WW International Inc |
Opened
14,900
|
$164,943,000 | 0.32% |
| Cnh Indl N V |
Closed
11,312
|
$162,893,000 | |
| Opko Health Inc |
Closed
74,388
|
$161,422,000 | |
| Life Time Group Holdings, Inc. |
Opened
10,000
|
$152,100,000 | 0.29% |
| Carnival Corp. |
Opened
10,000
|
$137,200,000 | 0.27% |
| Genasys Inc |
Opened
60,000
|
$120,600,000 | 0.23% |
| Fennec Pharmaceuticals Inc |
Closed
10,561
|
$93,254,000 | |
| No transactions found | |||
| Showing first 500 out of 69 holdings | |||
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