Crystalline Management Inc.

CIK

1891834

Location

Montreal, Quebec, Z4

Portfolio Value

Micro $59,879,716

Diversification

Diversified

Filing Date

Global Rank

#7,145 / 7,447 ▼ 36 · as of Sep 2024

Top Industry

Shell Companies 40.9%

3Y Alpha vs SPY

-75.0%

Period ended 2 years ago

Filed Nov 8, 2024 · 1y

8 quarters · since Dec 2022

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, 2024, never from the firm's own description.

Style

Diversified active

Top 10 weight 59.5%, 19.2 effective positions, active share 99.5% against the Russell 2000 as of 2024-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

176.2% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.4 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2024-09-30, active share 99.5%; sector active share 73.9% against the combined 13F book's sector weights.

Over time 8 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

49 tracked positions · as of Sep 30, 2024 · Δ vs Jun 30, 2024

Top Position

15.7%

+5.2 pts

Top 5

41.1%

+3.2 pts

Top 10

57.0%

−0.3 pts

HHI

540

Diversified+81

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2024

Sector	% Portfolio	Value	Positions
Unclassified	75.0%	$44,920,532	33
Consumer Cyclical	12.3%	$7,390,500	4
Financial Services	10.2%	$6,119,214	6
Basic Materials	1.2%	$713,031	1
Energy	1.1%	$667,000	1
Technology	0.1%	$51,439	2
Industrials	0.0%	$12,000	1
Real Estate	0.0%	$6,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2024 vs Jun 30, 2024

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
—		+300,000	350,000	$3,846,500
—		+100,442	177,122	$0
MSSA	Metal Sky Star Acquisition Corp	+6,515	104,915	$1,201,277
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
TLGYF	Tlgy Acquisition Corp	−125,000	167,958	$1,938,235
EMCG	Embrace Change Acquisition Corp.	−56,489	100,000	$1,150,000
—		−20,900	29,298	$322,278
—		−20,000	10,000	$696,000
MRNOW	Murano Global Investments Plc	−10,000	40,000	$6,000
KVACW	Keen Vision Acquisition Corp.	−300	59,700	$2,872
BATL	Battalion Oil Corp	−51	100,000	$667,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

23 positions

Ticker	Company	Shares	Value
—		261,114	$4,094,183
—		60,000	$1,846,200
—		164,069	$1,826,088
—		155,000	$1,795,675
—		20,000	$1,509,600
—		25,000	$1,384,000
—		35,416	$1,380,162
—		125,000	$1,360,000
—		168,622	$1,203,961
—		100,000	$1,066,000
—		65,401	$926,732
—		15,000	$915,000
—		35,019	$824,697
—		127,887	$720,004
—		266,614	$626,543
—		10,000	$626,200
—		12,463	$578,657
—		75,028	$253,595
—		30,000	$213,300
SQNS	Sequans Communications	40,000	$47,600
—		1,106,403	$0
—		119,086	$0
—		37,881	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		458,582	$5,012,301
—		400,000	$4,532,000
MCAC	ConnectM Technology Solutions, Inc.	360,502	$4,073,673
IXAQ	IX Acquisition Corp.	200,000	$2,277,000
—		200,000	$2,162,000
—		192,110	$2,151,632
—		140,593	$1,588,701
—		2,500	$1,242,350
—		95,895	$1,059,640
—		28,545	$998,790
—		67,425	$984,405
—		87,500	$962,938
—		35,000	$783,650
—		4,463	$658,382
—		52,757	$592,989
VXX		10,000	$436,800
CORZZ	Core Scientific, Inc.	46,600	$404,954
—		8,918	$364,657
—		23,669	$288,762
—		25,000	$274,500
—		21,916	$223,543
IAG	Iamgold Corp	45,554	$170,827
—		69,701	$117,098
RFAIU	RF Acquisition Corp II	10,000	$100,600
PTON	Peloton Interactive, Inc.	14,000	$47,320
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

49 tracked positions · $59,879,716 total · filing declares 83 positions · $111,773,955 · as of Sep 30, 2024

All sectors Basic Materials Consumer Cyclical Energy Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HYG	iShares iBoxx $ High Yield Corporate Bond ETF PUT	NEW	110,000	NEW	$8,833,000	NEW	—	—	14.75%
		NEW	261,114	NEW	$4,094,183	NEW	1	unpriced	6.84%
		Held	349,401	0	$4,091,486	+0.5%	8	before history	6.83%
		Added	350,000	+300,000	$3,846,500	+605.8%	4	unpriced	6.42%
BABA	Alibaba Group Holding Ltd PUT Consumer Cyclical	Reduced	30,000	-6,000	$3,183,600	+22.8%	—	—	5.32%
F	Ford Motor Co PUT Consumer Cyclical	NEW	200,000	NEW	$2,112,000	NEW	—	—	3.53%
TLGYF	Tlgy Acquisition Corp Financial Services	Reduced	167,958	-125,000	$1,938,235	−42.2%	4	unpriced	3.24%
		NEW	60,000	NEW	$1,846,200	NEW	1	unpriced	3.08%
		NEW	164,069	NEW	$1,826,088	NEW	1	unpriced	3.05%
		NEW	155,000	NEW	$1,795,675	NEW	1	unpriced	3.00%
		Held	150,000	0	$1,707,000	+1.2%	2	unpriced	2.85%
RIVN	Rivian Automotive, Inc. PUT CALL Consumer Cyclical	NEW	145,000	NEW	$1,626,900	NEW	—	—	2.72%
		NEW	20,000	NEW	$1,509,600	NEW	1	unpriced	2.52%
		NEW	25,000	NEW	$1,384,000	NEW	1	unpriced	2.31%
		NEW	35,416	NEW	$1,380,162	NEW	1	unpriced	2.30%
		NEW	125,000	NEW	$1,360,000	NEW	1	unpriced	2.27%
		Held	37,533	0	$1,251,726	+3.0%	2	unpriced	2.09%
		NEW	168,622	NEW	$1,203,961	NEW	1	unpriced	2.01%
MSSA	Metal Sky Star Acquisition Corp Financial Services	Added	104,915	+6,515	$1,201,277	+7.8%	3	unpriced	2.01%
	PUT CALL	NEW	140,000	NEW	$1,191,422	NEW	—	—	1.99%
EMCG	Embrace Change Acquisition Corp. Financial Services	Reduced	100,000	-56,489	$1,150,000	−34.7%	2	unpriced	1.92%
		NEW	100,000	NEW	$1,066,000	NEW	1	unpriced	1.78%
		NEW	65,401	NEW	$926,732	NEW	1	unpriced	1.55%
		NEW	15,000	NEW	$915,000	NEW	1	unpriced	1.53%
		NEW	35,019	NEW	$824,697	NEW	1	unpriced	1.38%
GDXJ	VanEck Junior Gold Miners ETF PUT	NEW	15,000	NEW	$732,150	NEW	—	—	1.22%
		NEW	127,887	NEW	$720,004	NEW	1	unpriced	1.20%
ASTL	Algoma Steel Group Inc. CALL Basic Materials	NEW	69,700	NEW	$713,031	NEW	—	—	1.19%
		Reduced	10,000	-20,000	$696,000	−65.5%	3	unpriced	1.16%
BATL	Battalion Oil Corp Energy	Reduced	100,000	-51	$667,000	+99.6%	4	$6.55	1.11%
		NEW	266,614	NEW	$626,543	NEW	1	unpriced	1.05%
		NEW	10,000	NEW	$626,200	NEW	1	unpriced	1.05%
TLT	iShares 20+ Year Treasury Bond ETF PUT	NEW	6,000	NEW	$588,600	NEW	—	—	0.98%
		NEW	12,463	NEW	$578,657	NEW	1	unpriced	0.97%
PTON	Peloton Interactive, Inc. PUT Consumer Cyclical	Added	100,000	+37,000	$468,000	+119.8%	—	—	0.78%
		Held	189,752	0	$335,861	+20.0%	2	unpriced	0.56%
		Reduced	29,298	-20,900	$322,278	−38.4%	4	unpriced	0.54%
		NEW	75,028	NEW	$253,595	NEW	1	unpriced	0.42%
		NEW	30,000	NEW	$213,300	NEW	1	unpriced	0.36%
SQNS	Sequans Communications Technology	NEW	40,000	NEW	$47,600	NEW	1	$0.73	0.08%
SBCWW	SBC Medical Group Holdings Inc Industrials	Held	80,000	0	$12,000	+111.3%	7	unpriced	0.02%
MRNOW	Murano Global Investments Plc Real Estate	Reduced	40,000	-10,000	$6,000	−27.2%	3	unpriced	0.01%
SPWRW	SunPower Inc. Technology	Held	13,975	0	$3,839	+465.4%	5	unpriced	0.01%
KVACW	Keen Vision Acquisition Corp. Financial Services	Reduced	59,700	-300	$2,872	−36.1%	3	unpriced	0.00%
BENFW	Beneficient Financial Services	Held	86,250	0	$742	+17.8%	6	unpriced	0.00%
		Added	177,122	+100,442	$0	—	2	unpriced	0.00%
		NEW	119,086	NEW	$0	NEW	1	unpriced	0.00%
		NEW	37,881	NEW	$0	NEW	1	unpriced	0.00%
		NEW	1,106,403	NEW	$0	NEW	1	unpriced	0.00%

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.