BC
Blue Clay Capital Management, LLC 13F Holdings Breakdown
Blue Clay Capital Management, LLCCIK: 0001576160
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$75.1M
Reporting period: 2016-09-30 · Number of holdings: 83
Blue Clay Capital Management, LLC disclosed 83 holdings in its latest 13F filing for the period ending 2016-09-30, with total reported value of $75.1M and a quarterly turnover rate of 47.4%.
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Personality snowflake
- Concentration
- 37.99
- Portfolio Stability
- 47.36
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 75.09
Blue Clay Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.095 — mathematically equivalent to about 11 equally-sized positions, well below its 83 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.49), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 1% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Add SPY
+1000.0% $4.3M
Add NWLIEUR
+0.9% $398.0K
Trim GLD
-31.3% -$1.6M
Add RP
+34.6% $550.0K
Trim PSIX
-43.7% -$526.0K
Trim RICK
-57.7% -$545.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 75 holdings (of 83 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SNBR | Sleep Number Corporation | Stock-Other | 27.06% | — | -1.03% | |
| 2 | NWLIEUR | National Western Life Grou-a | Stock-Other | 9.15% | +1.62% | +0.93% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.34% | +5.85% | +1000.00% | |
| 4 | GLD | Spdr Gold Shares | ETF-Commodities | 4.60% | -1.28% | -31.25% | |
| 5 | DAVEUSD | Famous Dave's Of America | Stock-Other | 3.11% | — | — | |
| 6 | ✓ | Ellie Mae INC Com | Stock-Other | 2.73% | — | -7.15% | |
| 7 | LGND | Ligand Pharmaceuticals | Stock-Healthcare | 2.33% | — | +6.20% | |
| 8 | LKQ | Lkq CORP | Stock-Consumer Disc | 2.12% | -0.10% | -25.21% | |
| 9 | RP | Realpage INC | Stock-Other | 2.06% | +0.90% | +34.56% | |
| 10 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 2.03% | +2.03% | NEW | |
| 11 | PTB | Potbelly CORP | Stock-Other | 1.80% | — | -10.69% | |
| 12 | OMCL | Omnicell INC | Stock-Healthcare | 1.75% | — | -10.42% | |
| 13 | MPAA | Motorcar Parts Of America In | Stock-Other | 1.70% | — | +2.31% | |
| 14 | STLA | Stellantis N.V. | Stock-Consumer Disc | 1.67% | — | — | |
| 15 | PRMWUSD | Primo Water CORP | Stock-Other | 1.67% | — | — | |
| 16 | LEA | Lear CORP | Stock-Consumer Disc | 1.65% | — | — | |
| 17 | SOHO | Sotherly Hotels INC | Stock-Other | 1.34% | — | +11.10% | |
| 18 | JBLU | Jetblue Airways CORP | Stock-Industrials | 1.33% | -0.27% | -30.09% | |
| 19 | CN4 | Conn's INC | Stock-Other | 1.23% | +0.45% | — | |
| 20 | HB6 | Hibbett INC | Stock-Other | 1.05% | — | -31.38% | |
| 21 | ✓ | Videocon D2h LTD | Stock-Other | 1.04% | — | -1.84% | |
| 22 | HHC* | Howard Hughes Corp/the | Stock-Other | 0.96% | — | -7.34% | |
| 23 | 5TC | Truecar INC | Stock-Other | 0.86% | — | +3.96% | |
| 24 | ✓ | Reeds INC | Stock-Other | 0.85% | — | -15.31% | |
| 25 | ✓ | Horizon Pharma PLC | Stock-Other | 0.78% | -0.16% | -33.90% | |
| 26 | ✓ | Sequential Brnds Group INC | Stock-Other | 0.78% | — | — | |
| 27 | PAG | Penske Automotive Group INC | Stock-Consumer Disc | 0.71% | — | — | |
| 28 | TACT | Transact Technologies INC | Stock-Other | 0.70% | — | — | |
| 29 | CYBE1EUR | Cyberoptics CORP | Stock-Other | 0.69% | +0.69% | NEW | |
| 30 | ✓ | Prfrmc Sprt Grp | Stock-Other | 0.69% | — | — | |
| 31 | ✓ | Web.com Group INC | Stock-Other | 0.68% | — | +32.52% | |
| 32 | RICK | Rci Hospitality Holdings INC | Stock-Other | 0.67% | -0.55% | -57.66% | |
| 33 | LAD | Lithia Motors INC | Stock-Consumer Disc | 0.65% | — | +24.39% | |
| 34 | QTM 4.5 11-15-17 | Quantum CORP | Stock-Other | 0.60% | +0.60% | NEW | |
| 35 | WDC | Western Digital Corporation | Stock-Tech | 0.59% | — | -5.07% | |
| 36 | LEE1EUR | Lee Enterprises | Stock-Other | 0.58% | +0.36% | +15.79% | |
| 37 | KBH | Kb Home | Stock-Consumer Disc | 0.57% | — | — | |
| 38 | ✓ | Del Taco Restaurants INC | Stock-Other | 0.57% | +0.57% | NEW | |
| 39 | RLGT | Radiant Logistics INC | Stock-Other | 0.57% | -0.55% | -53.09% | |
| 40 | MSGS | Madison Square Garden Sports | Stock-Comm Services | 0.56% | — | — | |
| 41 | CEMIUSD | Chembio Diagnostics INC | Stock-Other | 0.55% | — | +21.63% | |
| 42 | RRC | Range Resources CORP | Stock-Energy | 0.52% | — | — | |
| 43 | ICADUSD | Icad INC | Stock-Other | 0.47% | — | +27.45% | |
| 44 | ✓ | Dhx Media LTD Com Stk | Stock-Other | 0.44% | — | -23.67% | |
| 45 | CMG | Chipotle Mexican Grill INC | Stock-Consumer Disc | 0.42% | +0.42% | NEW | |
| 46 | DMRC | Digimarc Corporation | Stock-Other | 0.41% | — | -34.36% | |
| 47 | LCEUR | Happen INC | Stock-Other | 0.40% | — | -26.36% | |
| 48 | CSWC | Capital Southwest CORP | Stock-Other | 0.38% | +0.38% | NEW | |
| 49 | TRIBGBP | Trinity Biotech Plc-spon Adr | Stock-Other | 0.36% | — | — | |
| 50 | RMTIEUR | Rockwell Medical INC | Stock-Other | 0.34% | +0.34% | NEW |
1–50 of 75
Portfolio Performance
Not enough priced holdings yet to compute performance
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2016-09-30 | 83 | $75.1M | 47 | |
| 2016-06-30 | 104 | $86.0M | 43 | |
| 2016-03-31 | 118 | $106.0M | 55 | |
| 2015-12-31 | 113 | $120.7M | 45 | |
| 2015-09-30 | 94 | $125.5M | 50 | |
| 2015-06-30 | 83 | $176.6M | 24 | |
| 2015-03-31 | 73 | $191.7M | 47 | |
| 2014-12-31 | 72 | $136.9M | 0 |
Holding changes this quarter
Blue Clay Capital Management, LLC's most significant position changes for 2016-09-30: Sold out: Apple INC (AAPL); Sold out: Alphabet Inc-cl C (GOOG); New buy: Ishares Russell 2000 ETF (IWM); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Air T INC (AIRT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +5.9% | +1000.00% | Add |
| 2 | NWLIEUR | National Western Life Grou-a | +1.6% | +0.93% | Add |
| 3 | RP | Realpage INC | +0.9% | +34.56% | Add |
| 4 | CN4 | Conn's INC | +0.5% | — | Unchanged |
| 5 | LEE1EUR | Lee Enterprises | +0.4% | +15.79% | Add |
| 6 | LKQ | Lkq CORP | -0.1% | -25.21% | Trim |
| 7 | ✓ | Horizon Pharma PLC | -0.2% | -33.90% | Trim |
| 8 | JBLU | Jetblue Airways CORP | -0.3% | -30.09% | Trim |
| 9 | ✓ | -0.4% | -70.43% | Trim | |
| 10 | RICK | Rci Hospitality Holdings INC | -0.6% | -57.66% | Trim |
| 11 | RLGT | Radiant Logistics INC | -0.6% | -53.09% | Trim |
| 12 | RUBIEUR | Rubicon Project Inc/the | -0.6% | -50.00% | Trim |
| 13 | PSIX | Power Solutions Internationa | -0.6% | -43.66% | Trim |
| 14 | GLD | Spdr Gold Shares | -1.3% | -31.25% | Trim |
| 15 | AAPL | Apple INC | — | EXIT | Sold out |
| 16 | GOOG | Alphabet Inc-cl C | — | EXIT | Sold out |
| 17 | IWM | Ishares Russell 2000 ETF | — | NEW | New buy |
| 18 | GOOGL | Alphabet Inc-cl A | — | EXIT | Sold out |
| 19 | AIRT | Air T INC | — | EXIT | Sold out |
| 20 | CAR | Avis Budget Group INC | — | EXIT | Sold out |
| 21 | BETREUR | Amplify Snack Brands INC | — | EXIT | Sold out |
| 22 | CSTE | Caesarstone Ltd. | — | EXIT | Sold out |
| 23 | ✓ | Cyberark Software LTD | — | EXIT | Sold out |
| 24 | AVBC | Avidia Bancorp, Inc. | — | EXIT | Sold out |
| 25 | AMGN | Amgen INC | — | EXIT | Sold out |
| 26 | BBW | Build-a-bear Workshop INC | — | EXIT | Sold out |
| 27 | ✓ | Tivo INC | — | EXIT | Sold out |
| 28 | BLDR | Builders Firstsource INC | — | EXIT | Sold out |
| 29 | WIFI | Boingo Wireless INC | — | EXIT | Sold out |
| 30 | CYBE1EUR | Cyberoptics CORP | — | NEW | New buy |
| 31 | EVH | Evolent Health INC - A | — | EXIT | Sold out |
| 32 | QTM 4.5 11-15-17 | Quantum CORP | — | NEW | New buy |
| 33 | ✓ | Pandora Media INC | — | EXIT | Sold out |
| 34 | ✓ | Del Taco Restaurants INC | — | NEW | New buy |
| 35 | BJRI | Bj's Restaurants INC | — | EXIT | Sold out |
| 36 | BKNG | Booking Hldgs INC | — | EXIT | Sold out |
| 37 | TACOEUR | Del Taco Restaurants INC | — | EXIT | Sold out |
| 38 | ✓ | Accuride CORP New | — | EXIT | Sold out |
| 39 | CPE3EUR | Callon Petroleum Co | — | EXIT | Sold out |
| 40 | ✓ | Ari Network Services | — | EXIT | Sold out |
| 41 | CMG | Chipotle Mexican Grill INC | — | NEW | New buy |
| 42 | DAL | Delta Air Lines INC | — | EXIT | Sold out |
| 43 | CSWC | Capital Southwest CORP | — | NEW | New buy |
| 44 | CPHC | Canterbury Park Holding CORP | — | EXIT | Sold out |
| 45 | RMTIEUR | Rockwell Medical INC | — | NEW | New buy |
| 46 | ✓ | — | NEW | New buy | |
| 47 | ✓ | Enservco CORP Com New | — | EXIT | Sold out |
| 48 | ✓ | Gaiam INC | — | EXIT | Sold out |
| 49 | LNWO | Light & Wonder INC | — | NEW | New buy |
| 50 | WFC | Wells Fargo & Co | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | Amendment | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-19 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
FAQ
What is Blue Clay Capital Management, LLC and what type of investor is it?
Blue Clay Capital Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-09-30), the firm manages a tracked equity portfolio valued at approximately $75.1M, spread across 83 disclosed positions.
What are Blue Clay Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Blue Clay Capital Management, LLC's top holdings by market value are:
1. Sleep Number Corporation (SNBR) — $20.3M (27.1%)
2. National Western Life Grou-a (NWLIEUR) — $6.9M (9.2%)
3. Ss Spdr S&p 500 ETF Trust-us (SPY) — $4.8M (6.3%)
4. Spdr Gold Shares (GLD) — $3.5M (4.6%)
5. Famous Dave's Of America (DAVEUSD) — $2.3M (3.1%)
What changes did Blue Clay Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Blue Clay Capital Management, LLC made 49 notable position adjustments: 10 new positions were initiated, 4 existing holdings were added to, 9 positions were partially reduced, and 26 were completely exited. The largest of these moves: Sold out: Apple INC (AAPL); Sold out: Alphabet Inc-cl C (GOOG); New buy: Ishares Russell 2000 ETF (IWM); Sold out: Alphabet Inc-cl A (GOOGL); Sold out: Air T INC (AIRT)
What sectors does Blue Clay Capital Management, LLC focus on?
Blue Clay Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 45.5%
• Consumer Discretionary: 31.9%
• Financials: 22.6%
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