Trellus Management Company, LLC

CIK

1307877

Location

New York, NY

Portfolio Value

Micro $71,769,961

Diversification

Diversified

Filing Date

Global Rank

#6,555 / 7,036 ▼ 50 · as of Sep 2023

Top Industry

Electronic Components 18.6%

3Y Alpha vs SPY

-18.0%

Period ended 3 years ago

Filed Oct 24, 2023 · 3y

15 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2023, never from the firm's own description.

Style

Concentrated

The top 10 positions are 62.8% of the book (60%+)

Turnover

Medium turnover

60.4% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.0 quarters, but 51.7% of the book was already held when coverage starts

Closest benchmark: the Nasdaq-100 as of 2023-09-30, active share 97.7%; sector active share 32.4% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

52 tracked positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

14.9%

−1.8 pts

Top 5

52.9%

−1.1 pts

Top 10

68.3%

+1.2 pts

HHI

694

Diversified−83

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	42.7%	$30,665,727	11
Technology	22.3%	$16,028,452	14
Healthcare	12.4%	$8,883,982	8
Utilities	7.1%	$5,072,448	1
Consumer Cyclical	4.6%	$3,285,211	7
Communication Services	3.6%	$2,578,211	4
Basic Materials	3.1%	$2,248,000	2
Industrials	2.7%	$1,941,350	3
Energy	1.0%	$727,700	1
Consumer Defensive	0.5%	$338,880	1

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
WGS	GeneDx Holdings Corp.	+54,976	155,012	$564,243
APPS	Digital Turbine, Inc.	+45,900	100,000	$605,000
PACB	Pacific Biosciences Of California, Inc.	+22,500	111,000	$926,850
AETR	Aetherion Technologies Inc.	+20,238	83,238	$504,422
PACK	Ranpak Holdings Corp.	+20,000	208,817	$1,135,964
INDI	indie Semiconductor, Inc.	+8,776	110,000	$693,000
DOCU	Docusign, Inc.	+5,000	10,000	$420,000
—		+5,000	115,000	$1,136,200
APLD	Applied Digital Corp.	+4,126	80,000	$499,200
AVNW	Aviat Networks, Inc.	+4,000	31,500	$982,800
—		+3,100	28,100	$1,059,089
SQQQ	ProShares UltraPro Short QQQ	+2,000	41,000	$838,040
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
CDXS	Codexis, Inc.	−31,460	220,000	$415,800
GSAT	Globalstar, Inc.	−17,900	682,100	$893,551
UBER	Uber Technologies, Inc	−3,000	11,560	$531,644
DDOG	Datadog, Inc.	−1,500	3,500	$318,815
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
FLGT	Fulgent Genetics, Inc.	43,100	$1,152,494
BOIL		14,500	$788,510
CECO	Ceco Environmental Corp	48,763	$778,745
NSC	Norfolk Southern Corp	3,500	$689,255
ENS	EnerSys	5,000	$473,350
SVXY		10,000	$431,700
CHWY	Chewy, Inc.	20,000	$365,200
SPXL	Direxion Daily S&P 500 Bull 3X Shares	4,500	$351,900
PEP	Pepsico Inc	2,000	$338,880
BILL	BILL Holdings, Inc.	3,000	$325,710
MTCH	Match Group, Inc.	8,000	$313,400
FSLY	Fastly, Inc.	14,600	$279,882
LGIH	LGI Homes, Inc.	2,500	$248,725
DCGO	DocGo Inc.	35,570	$189,588
WW	Ww International, Inc.	14,900	$164,943
LTH	Life Time Group Holdings, Inc.	10,000	$152,100
CCL	Carnival Corp Ltd.	10,000	$137,200
GNSS	Genasys Inc.	60,000	$120,600
—		57,835	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
TLT	iShares 20+ Year Treasury Bond ETF	35,000	$3,602,900
RMNI	Rimini Street, Inc.	350,000	$1,676,500
SMTC	Semtech Corp	40,000	$1,018,400
UCO		34,600	$818,290
GIS	General Mills Inc	10,000	$767,000
BLZE	Backblaze, Inc.	160,000	$692,800
HAL	Halliburton Co	20,000	$659,800
CALX	Calix, Inc	12,935	$645,585
TZA	Direxion Daily Small Cap Bear 3X Shares	20,000	$526,000
SABR	Sabre Corp	160,000	$510,400
UVXY		27,000	$499,230
SBSW	Sibanye Stillwater Ltd	80,000	$499,200
—		59,254	$471,662
XPOF	Xponential Fitness, Inc.	20,000	$345,000
RNG	RingCentral, Inc.	10,000	$327,300
—		28,000	$303,800
MRVL	Marvell Technology, Inc.	5,000	$298,900
—		127,000	$280,670
CNH	CNH Industrial N.V.	11,312	$162,892
OPK	Opko Health, Inc.	74,388	$161,421
FENC	Fennec Pharmaceuticals Inc.	10,561	$93,253
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

52 tracked positions · $71,769,961 total · filing declares 55 positions · $72,785,355 · as of Sep 30, 2023

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Healthcare Industrials Technology Utilities

Showing 1–50 of 52 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT	Reduced	25,000	-5,000	$10,687,000	−19.6%	—	—	14.89%
		Held	2,121,076	0	$9,438,788	−28.8%	15+	before history	13.15%
VICR	Vicor Corp Technology	Held	129,945	0	$7,652,461	+9.1%	15+	before history	10.66%
GLD	Spdr Gold Trust CALL	NEW	30,000	NEW	$5,143,500	NEW	—	—	7.17%
AWK	American Water Works Company, Inc. Utilities	Held	40,963	0	$5,072,448	−13.3%	15+	before history	7.07%
QDEL	QuidelOrtho Corp CALL Healthcare	NEW	46,600	NEW	$3,403,664	NEW	—	—	4.74%
APPS	Digital Turbine, Inc. CALL + SHARES Technology	Added	400,000	+245,900	$2,420,000	+69.2%	7	$17.98	3.37%
CNC	Centene Corp Healthcare	Held	30,000	0	$2,066,400	+2.1%	3	$70.99	2.88%
ASPN	Aspen Aerogels Inc Basic Materials	Held	220,000	0	$1,892,000	+9.0%	12	$12.43	2.64%
FLGT	Fulgent Genetics, Inc. Healthcare	NEW	43,100	NEW	$1,152,494	NEW	1	$34.14	1.61%
		Added	115,000	+5,000	$1,136,200	−59.0%	15+	before history	1.58%
PACK	Ranpak Holdings Corp. Consumer Cyclical	Added	208,817	+20,000	$1,135,964	+33.1%	5	$4.53	1.58%
DIS	Walt Disney Co Communication Services	Held	13,200	0	$1,069,860	−9.2%	14	$110.40	1.49%
		Added	28,100	+3,100	$1,059,089	−6.7%	15+	before history	1.48%
AVNW	Aviat Networks, Inc. Technology	Added	31,500	+4,000	$982,800	+7.1%	3	$32.81	1.37%
PACB	Pacific Biosciences Of California, Inc. Healthcare	Added	111,000	+22,500	$926,850	−21.3%	9	$12.42	1.29%
GSAT	Globalstar, Inc. Communication Services	Reduced	682,100	-17,900	$893,551	+18.2%	4	$1.51	1.25%
SQQQ	ProShares UltraPro Short QQQ	Added	41,000	+2,000	$838,040	+13.6%	2	unpriced	1.17%
ADSK	Autodesk, Inc. Technology	Held	4,000	0	$827,640	+1.1%	15+	before history	1.15%
		Held	350,000	0	$791,000	−16.3%	7	unpriced	1.10%
BOIL		NEW	14,500	NEW	$788,510	NEW	1	unpriced	1.10%
CECO	Ceco Environmental Corp Industrials	NEW	48,763	NEW	$778,745	NEW	1	$13.69	1.09%
PRTS	CarParts.com, Inc. Consumer Cyclical	Held	180,000	0	$741,600	−3.1%	13	$10.76	1.03%
CLNE	Clean Energy Fuels Corp. Energy	Held	190,000	0	$727,700	−22.8%	4	$5.36	1.01%
INDI	indie Semiconductor, Inc. Technology	Added	110,000	+8,776	$693,000	−27.2%	2	$8.93	0.97%
NSC	Norfolk Southern Corp Industrials	NEW	3,500	NEW	$689,255	NEW	1	$216.16	0.96%
WGS	GeneDx Holdings Corp. Healthcare	Added	155,012	+54,976	$564,243	−5.4%	7	unpriced	0.79%
UBER	Uber Technologies, Inc Technology	Reduced	11,560	-3,000	$531,644	−15.4%	15+	before history	0.74%
AMD	Advanced Micro Devices Inc Technology	Held	5,000	0	$514,100	−9.7%	2	$104.00	0.72%
AETR	Aetherion Technologies Inc. Consumer Cyclical	Added	83,238	+20,238	$504,422	+4.4%	15+	before history	0.70%
APLD	Applied Digital Corp. Technology	Added	80,000	+4,126	$499,200	−29.6%	3	$2.73	0.70%
ENS	EnerSys Industrials	NEW	5,000	NEW	$473,350	NEW	1	$102.53	0.66%
XYZ	Block, Inc. Technology	Held	10,000	0	$442,600	−33.5%	4	$68.28	0.62%
SVXY		NEW	10,000	NEW	$431,700	NEW	1	unpriced	0.60%
DOCU	Docusign, Inc. Technology	Added	10,000	+5,000	$420,000	+64.4%	2	$50.99	0.59%
CDXS	Codexis, Inc. Healthcare	Reduced	220,000	-31,460	$415,800	−40.9%	2	$3.23	0.58%
CHWY	Chewy, Inc. Consumer Cyclical	NEW	20,000	NEW	$365,200	NEW	1	$28.60	0.51%
MOS	Mosaic Co Basic Materials	Held	10,000	0	$356,000	+1.7%	5	$50.05	0.50%
SPXL	Direxion Daily S&P 500 Bull 3X Shares	NEW	4,500	NEW	$351,900	NEW	1	unpriced	0.49%
PEP	Pepsico Inc Consumer Defensive	NEW	2,000	NEW	$338,880	NEW	1	$181.62	0.47%
BILL	BILL Holdings, Inc. Technology	NEW	3,000	NEW	$325,710	NEW	1	$113.76	0.45%
DDOG	Datadog, Inc. Technology	Reduced	3,500	-1,500	$318,815	−35.2%	12	$99.80	0.44%
MTCH	Match Group, Inc. Communication Services	NEW	8,000	NEW	$313,400	NEW	1	$44.33	0.44%
GENI	Genius Sports Ltd Communication Services	Held	56,548	0	$301,400	−13.9%	6	$3.68	0.42%
FSLY	Fastly, Inc. Technology	NEW	14,600	NEW	$279,882	NEW	1	$19.51	0.39%
LGIH	LGI Homes, Inc. Consumer Cyclical	NEW	2,500	NEW	$248,725	NEW	1	$124.13	0.35%
DCGO	DocGo Inc. Healthcare	NEW	35,570	NEW	$189,588	NEW	1	$8.12	0.26%
WW	Ww International, Inc. Healthcare	NEW	14,900	NEW	$164,943	NEW	1	unpriced	0.23%
LTH	Life Time Group Holdings, Inc. Consumer Cyclical	NEW	10,000	NEW	$152,100	NEW	1	$17.64	0.21%
CCL	Carnival Corp Ltd. Consumer Cyclical	NEW	10,000	NEW	$137,200	NEW	1	$16.57	0.19%

Showing the top 50 of 52 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.