ACT II MANAGEMENT, LP

CIK

1450008

Location

NEW YORK, NY

Portfolio Value

Micro $4,948,266

Diversification

Moderately concentrated

Filing Date

Mar 31, 2020

Global Rank

#4,518 / 5,300

Top Industry

Telecom Services 32.7%

3Y Alpha vs SPY

-19.6%

Period ended 6 years ago

Filed May 12, 2020 · 6y

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+3.7%

SPY

+76.3%

Annualised alpha

-19.6%

Max drawdown

−24.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

8 positions · as of Mar 31, 2020

Top Position

24.4%

of portfolio value

Top 5

81.8%

of portfolio value

Top 10

100.0%

of portfolio value

HHI

1,602

Moderately concentrated

Sector Breakdown

As of Mar 31, 2020

Sector	% Portfolio	Value	Positions
Communication Services	81.3%	$21,561,242	7
Consumer Defensive	18.7%	$4,948,266	1

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $4,948,266 total · Consumer Defensive only · as of Mar 31, 2020

All sectors Communication Services Consumer Defensive

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
CHGG	Chegg, Inc Consumer Defensive	First	138,297	—	$4,948,266	—	100.00%