TM
Trellus Management Company, LLC Historical SEC 13F Holdings & Archive (Q3 2023)
Trellus Management Company, LLCCIK: 0001307877
Diversified strategySector-focusedLong-term holder
Total reported value
$72.8M
Reporting period: 2023-09-30 · Number of holdings: 55
Trellus Management Company, LLC disclosed 55 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $72.8M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 27
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 89.08
- Diversification
- 100
- Sizing Uniformity
- 83.58
Trellus Management Company, LLC's disclosed holdings carry a Herfindahl concentration index of 0.068 — mathematically equivalent to about 15 equally-sized positions, well below its 55 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 1.64), 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 31% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 54 holdings (of 55 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 14.68% | — | -16.67% | |
| 2 | VTNRUSD | Vertex Energy Inc | Stock-Other | 12.97% | — | — | |
| 3 | VICR | Vicor CORP | Stock-Tech | 10.51% | — | — | |
| 4 | GLD | Spdr Gold Shares | ETF-Commodities | 7.07% | — | — | |
| 5 | AWK | American Water Works Co Inc | Stock-Utilities | 6.97% | — | — | |
| 6 | QDEL | Quidelortho CORP | Stock-Other | 4.68% | — | — | |
| 7 | APPS | Digital Turbine Inc | Stock-Other | 3.32% | — | +159.57% | |
| 8 | CNC | Centene CORP | Stock-Healthcare | 2.84% | — | — | |
| 9 | ASPN | Aspen Aerogels Inc | Stock-Other | 2.60% | — | — | |
| 10 | FLGT | Fulgent Genetics Inc | Stock-Other | 1.58% | — | — | |
| 11 | EBIXEUR | Ebix Inc | Stock-Other | 1.56% | — | +4.55% | |
| 12 | PACK | Ranpak Holdings CORP | Stock-Other | 1.56% | — | +10.59% | |
| 13 | DIS | Walt Disney Co/the | Stock-Comm Services | 1.47% | — | — | |
| 14 | AYXEUR | Alteryx Inc - Class A | Stock-Other | 1.46% | — | +12.40% | |
| 15 | AVNW | Aviat Networks Inc | Stock-Other | 1.35% | — | +14.55% | |
| 16 | PACB | Pacific Biosciences Of Calif | Stock-Other | 1.27% | — | +25.42% | |
| 17 | GSATUSD | Globalstar Inc | Stock-Other | 1.23% | — | -2.56% | |
| 18 | SVXY | Proshares Short Vix St Futur | ETF-Other | 1.19% | — | — | |
| 19 | SQQQ | ProShares UltraPro Short QQQ | Stock-Other | 1.15% | — | +5.13% | |
| 20 | ADSK | Autodesk Inc | Stock-Tech | 1.14% | — | — | |
| 21 | PFMTUSD | Performant Financial CORP | Stock-Other | 1.09% | — | — | |
| 22 | BOIL1EUR | Proshares Ultra Bloomberg NA | ETF-Other | 1.08% | — | — | |
| 23 | CECO | Ceco Environmental CORP | Stock-Other | 1.07% | — | — | |
| 24 | PRTSEUR | Carparts.com Inc | Stock-Other | 1.02% | — | — | |
| 25 | CLNE | Clean Energy Fuels CORP | Stock-Other | 1.00% | — | — | |
| 26 | INDI | Indie Semiconductor Inc-a | Stock-Other | 0.95% | — | +8.67% | |
| 27 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.95% | — | — | |
| 28 | WGS | Genedx Holdings CORP | Stock-Other | 0.78% | — | +54.96% | |
| 29 | UBER | Uber Technologies Inc | Stock-Industrials | 0.73% | — | -20.60% | |
| 30 | AMD | Advanced Micro Devices | Stock-Tech | 0.71% | — | — | |
| 31 | WPRT | Westport Fuel Systems Inc | Stock-Other | 0.69% | — | +32.12% | |
| 32 | APLD | Applied Digital CORP | Stock-Tech | 0.69% | — | +5.44% | |
| 33 | ENS | Enersys | Stock-Industrials | 0.65% | — | — | |
| 34 | XYZ | Block Inc | Stock-Financials | 0.61% | — | — | |
| 35 | DOCU | Docusign Inc | Stock-Tech | 0.58% | — | +100.00% | |
| 36 | CDXS | Codexis Inc | Stock-Other | 0.57% | — | -12.51% | |
| 37 | CHWY | Chewy Inc - Class A | Stock-Consumer Disc | 0.50% | — | — | |
| 38 | ✓ | Danimer Scientific Inc | Stock-Other | 0.50% | — | — | |
| 39 | MOS | Mosaic Co/the | Stock-Materials | 0.49% | — | — | |
| 40 | SPXL | Direxion Daily S&p 500 Bull | ETF-Large Cap & Growth | 0.48% | — | — | |
| 41 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.47% | — | — | |
| 42 | BILL | Bill Holdings Inc | Stock-Tech | 0.45% | — | — | |
| 43 | DDOG | Datadog Inc - Class A | Stock-Tech | 0.44% | — | -30.00% | |
| 44 | MTCH | Match Group Inc | Stock-Comm Services | 0.43% | — | — | |
| 45 | GENI | Genius Sports Limited | Stock-Other | 0.41% | — | — | |
| 46 | FSLY | Fastly Inc - Class A | Stock-Tech | 0.38% | — | — | |
| 47 | LGIH | Lgi Homes Inc | Stock-Other | 0.34% | — | — | |
| 48 | ✓ | Cepton Inc | Stock-Other | 0.30% | — | — | |
| 49 | DCGO | Docgo Inc | Stock-Other | 0.26% | — | — | |
| 50 | WW6 | Ww International Inc | Stock-Other | 0.23% | — | — |
1–50 of 54
Portfolio Performance
Performance for Q3 2026
-11.6%
Performance Last 4 Quarters
+24%
Based on 78% of reported portfolio value with available pricing
- Stdev
- +25.3%
- Beta
- +1.03
- Alpha
- -3.8%
- Max Drawdown
- -21.2%
- Annualized Perf
- +14.6%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +1.02
- Stutzer
- +0.19
- Treynor
- +0.16
- Sterling
- +0.6
- Calmar
- +0.69
- Information Ratio
- -0.15
- Tracking Error
- +21.5%
- Stdev Down
- +16.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +68%
- Worst 12 Months
- +1.9%
- Efficiency Ratio
- +0.25
- Sharpe
- +0.67
- Stdev Sectors
- +14.4%
- Skewness
- -0.46
- Kurtosis
- +1.8
- Upside Potential
- +2.54
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q3 | 55 | $72.8M | 0 | ||
| 2023 Q2 | 57 | $81.0M | 0 | ||
| 2023 Q1 | 50 | $85.0M | 0 | ||
| 2022 Q4 | 56 | $79.0M | 0 | ||
| 2022 Q3 | 54 | $82.3M | 0 | ||
| 2022 Q2 | 54 | $82.2M | 0 | ||
| 2022 Q1 | 55 | $171.8M | 0 | ||
| 2021 Q4 | 51 | $150.3M | 0 | ||
| 2021 Q3 | 63 | $137.2M | 0 | ||
| 2021 Q2 | 64 | $144.7M | 100 | ||
| 2021 Q1 | 63 | $193.1M | 100 | ||
| 2020 Q4 | 52 | $121.2M | 90 | ||
| 2020 Q3 | 58 | $97.6M | 48 | ||
| 2020 Q2 | 54 | $92.4M | 100 | ||
| 2020 Q1 | 65 | $55.8M | 69 | ||
| 2019 Q4 | 61 | $59.7M | 92 | ||
| 2019 Q3 | 67 | $99.7M | 65 | ||
| 2019 Q2 | 65 | $73.8M | 75 | ||
| 2019 Q1 | 55 | $52.5M | 64 | ||
| 2018 Q4 | 48 | $44.3M | 88 | ||
| 2018 Q3 | 62 | $69.1M | 58 | ||
| 2018 Q2 | 57 | $67.8M | 93 | ||
| 2018 Q1 | 64 | $54.9M | 99 | ||
| 2017 Q4 | 68 | $73.3M | 66 | ||
| 2017 Q3 | 73 | $73.0M | 64 | ||
| 2017 Q2 | 67 | $68.1M | 70 | ||
| 2017 Q1 | 65 | $66.0M | 74 | ||
| 2016 Q4 | 66 | $67.9M | 64 | ||
| 2016 Q3 | 66 | $69.2M | 67 | ||
| 2016 Q2 | 59 | $61.5M | 66 | ||
| 2016 Q1 | 62 | $57.3M | 100 | ||
| 2015 Q4 | 80 | $67.8M | 73 | ||
| 2015 Q3 | 86 | $68.2M | 65 | ||
| 2015 Q2 | 97 | $88.5M | 54 | ||
| 2015 Q1 | 91 | $84.0M | 67 | ||
| 2014 Q4 | 81 | $68.1M | 83 | ||
| 2014 Q3 | 112 | $117.4M | 50 | ||
| 2014 Q2 | 115 | $118.6M | 60 | ||
| 2014 Q1 | 115 | $112.2M | 75 | ||
| 2013 Q4 | 95 | $82.9M | 85 | ||
| 2013 Q3 | 98 | $78.9M | 68 | ||
| 2013 Q2 | 104 | $79.0M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Trellus Management Company, LLC and what type of investor is it?
Trellus Management Company, 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 (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $72.8M, spread across 55 disclosed positions.
What are Trellus Management Company, LLC's largest equity positions?
Based on the latest 13F filing, Trellus Management Company, LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $10.7M (14.7%)
2. Vertex Energy Inc (VTNRUSD) — $9.4M (13.0%)
3. Vicor CORP (VICR) — $7.7M (10.5%)
4. Spdr Gold Shares (GLD) — $5.1M (7.1%)
5. American Water Works Co Inc (AWK) — $5.1M (7.0%)
What changes did Trellus Management Company, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Trellus Management Company, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Trellus Management Company, LLC focus on?
Trellus Management Company, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 47.8%
• Utilities: 22.4%
• Health Care: 9.1%
• Industrials: 7.5%
• Communication Services: 6.1%
• Consumer Discretionary: 2.2%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Trellus Management Company, LLC returned an annualized 14.6% over the trailing 36 months — underperforming the S&P 500 by 3.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.03 (roughly in line with the market) and a 53% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 47.8% of the portfolio concentrated in Information Technology.
Its concentration score has fallen from 57 to 27 over the past 4 quarters — a shift toward broader diversification.
It has added to its VICR position over the past two quarters (+$1.6M, now $7.7M), while trimming VTNRUSD over the same stretch (-$11.5M, still holding $9.4M).
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Developer Access
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