Delta Partners LP

Sector-focusedMomentum followerQuality / disciplined sizing

Total reported value

$48.1M

Reporting period: 2017-12-31 · Number of holdings: 10

DELTA PARTNERS LP disclosed 10 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $48.1M and a quarterly turnover rate of 54.2%.

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Personality snowflake

Concentration: 65.68
Portfolio Stability: 54.24
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 20
Sizing Uniformity: 91.55

Recent moves

Trim HTZ-WEUR
-63.1%　-$27.4M
Add PSX
0.0%　$453.0K
Add BIDU
0.0%　-$339.0K
Add BNY
0.0%　$70.0K
Add 82481R106
0.0%　$54.0K
Add VRSN
0.0%　$236.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	HTZ-WEUR	Hertz Global Holdings INC	Stock-Other	32.65%	-22.04%	-63.11%
2	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	12.25%	+4.34%	—
3	PSX	Phillips 66	Stock-Energy	9.98%	+4.46%	—
4	BNY	Bank Of New York Mellon CORP	Stock-Financials	9.40%	+3.75%	—
5	✓	Shire PLC	Stock-Other	8.78%	+3.49%	—
6	GTIM	Good Times Restaurants INC	Stock-Other	7.66%	-0.12%	-38.71%
7	VRSN	Verisign INC	Stock-Tech	6.98%	+3.02%	—
8	GPOR1EUR	Gulfport Energy CORP	Stock-Other	4.99%	+1.57%	—
9	PDCEUSD	Pdc Energy INC	Stock-Other	4.57%	+2.81%	+50.65%
10	MAR	Marriott International -cl A	Stock-Consumer Disc	2.74%	+1.38%	—

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2017-12-31	10	$48.1M	54	1HTZ-WEUR 2BIDU 3PSX Top holdings2017-12-31 1.HTZ-WEUR 2.BIDU 3.PSX 4.BNY 5.82481R 6.GTIM 7.VRSN 8.GPOR1EUR 9.PDCEUSD 10.MAR
2017-09-30	12	$78.8M	80	1HTZ-WEUR 2BIDU 3GTIM Top holdings2017-09-30 1.HTZ-WEUR 2.BIDU 3.GTIM 4.BNY 5.PSX 6.82481R 7.VRSN 8.GPOR1EUR 9.PDCEUSD 10.GSTEUR
2017-06-30	12	$66.1M	100	1CAR 2HTZ-WEUR 3GTIM Top holdings2017-06-30 1.CAR 2.HTZ-WEUR 3.GTIM 4.82481R 5.BIDU 6.PSX 7.BNY 8.VRSN 9.G548OU 10.GSTEUR
2017-03-31	8	$70.7M	39	1HLT 2USA 3ZBH Top holdings2017-03-31 1.HLT 2.USA 3.ZBH 4.ST 5.GTIM 6.MAR 7.DG 8.GSTEUR
2016-12-31	7	$81.1M	100	1HLT 2USA375605Y Top holdings2016-12-31 1.HLT 2.USA 3.75605Y 4.ZBH 5.ST 6.GTIM 7.MAR
2016-09-30	4	$37.4M	100	1PRGO275605Y3GTIM Top holdings2016-09-30 1.PRGO 2.75605Y 3.GTIM 4.MAR
2016-06-30	6	$20.0M	100	175605Y2UAL 3AKRXEUR Top holdings2016-06-30 1.75605Y 2.UAL 3.AKRXEUR 4.87960W 5.GTIM 6.MAR
2016-03-31	2	$29.6M	87	1IBKR 2HZN1USD Top holdings2016-03-31 1.IBKR 2.HZN1USD
2015-12-31	3	$37.8M	72	1IBKR2N594653AIG Top holdings2015-12-31 1.IBKR 2.N59465 3.AIG
2015-09-30	9	$63.5M	81	1IBKR 2C3N59465 Top holdings2015-09-30 1.IBKR 2.C 3.N59465 4.XXI 5.PYPL 6.AIG 7.58605Q 8.PDCEUSD 9.GPOR1EUR
2015-06-30	10	$115.6M	50	1FLEX 2IBKR 3PLTEUR Top holdings2015-06-30 1.FLEX 2.IBKR 3.PLTEUR 4.N59465 5.C 6.EBAY 7.XXI 8.AIG 9.PDCEUSD 10.GPOR1EUR
2015-03-31	14	$129.9M	58	1FLEX 2IBKR 3PLTEUR Top holdings2015-03-31 1.FLEX 2.IBKR 3.PLTEUR 4.DNOW 5.HRB 6.C 7.EBAY 8.XXI 9.AIG 10.KEX
2014-12-31	14	$130.5M	50	1FLEX 2DNOW 3IBKR Top holdings2014-12-31 1.FLEX 2.DNOW 3.IBKR 4.HRB 5.628530 6.N47279 7.C 8.AIG 9.XXI 10.WFC
2014-09-30	16	$92.5M	79	1HRB 2FLEX3N47279 Top holdings2014-09-30 1.HRB 2.FLEX 3.N47279 4.DNOW 5.628530 6.AIG 7.WFC 8.C 9.OCN2EUR 10.382410
2014-06-30	15	$63.3M	68	1HRB 2AIG3N47279 Top holdings2014-06-30 1.HRB 2.AIG 3.N47279 4.WFC 5.441060 6.382410 7.PDCEUSD 8.GPOR1EUR 9.TZOO 10.88632Q
2014-03-31	13	$63.5M	51	1HRB 2AIG 3WFC Top holdings2014-03-31 1.HRB 2.AIG 3.WFC 4.25389M 5.PDCEUSD 6.441060 7.CDVIQ 8.CSX 9.AXP 10.382410
2013-12-31	18	$88.8M	64	19293522HRB325389M Top holdings2013-12-31 1.929352 2.HRB 3.25389M 4.AIG 5.WFC 6.MS 7.CDVIQ 8.441060 9.CSX 10.LEE1EUR
2013-09-30	19	$94.4M	44	19293522AIG325490A Top holdings2013-09-30 1.929352 2.AIG 3.25490A 4.073271 5.MSFT 6.LEE1EUR 7.WFC 8.PDCEUSD 9.CDVIQ 10.25389M
2013-06-30	17	$92.1M	0	1PDCEUSD 2BRK-B 3DAL Top holdings2013-06-30 1.PDCEUSD 2.BRK-B 3.DAL 4.25490A 5.AIG 6.929352 7.WFC 8.073271 9.MSFT 10.LEE1EUR

Holding changes this quarter

Delta Partners LP's most significant position changes for 2017-12-31: Sold out: Gastar Exploration LTD (GSTEUR); Sold out: trivago N.V. (TRVG); Trim: Hertz Global Holdings INC (HTZ-WEUR) — shares -63.11%; Add: Pdc Energy INC (PDCEUSD) — shares +50.65%; Trim: Good Times Restaurants INC (GTIM) — shares -38.71%.

Position changes disclosed by Delta Partners LP for the quarter ending 2017-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	PSX	Phillips 66	+4.5%	—	Unchanged
2	BIDU	Baidu INC - Spon Adr	+4.3%	—	Unchanged
3	BNY	Bank Of New York Mellon CORP	+3.8%	—	Unchanged
4	✓	Shire PLC	+3.5%	—	Unchanged
5	VRSN	Verisign INC	+3%	—	Unchanged
6	PDCEUSD	Pdc Energy INC	+2.8%	+50.65%	Add
7	GPOR1EUR	Gulfport Energy CORP	+1.6%	—	Unchanged
8	MAR	Marriott International -cl A	+1.4%	—	Unchanged
9	GTIM	Good Times Restaurants INC	-0.1%	-38.71%	Trim
10	HTZ-WEUR	Hertz Global Holdings INC	-22%	-63.11%	Trim
11	GSTEUR	Gastar Exploration LTD	—	EXIT	Sold out
12	TRVG	trivago N.V.	—	EXIT	Sold out

FAQ

What is Delta Partners LP and what type of investor is it?

Delta Partners LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-12-31), the firm manages a tracked equity portfolio valued at approximately $48.1M, spread across 10 disclosed positions.

What are Delta Partners LP's largest equity positions?

Based on the latest 13F filing, Delta Partners LP's top holdings by market value are: 1. Hertz Global Holdings INC (HTZ-WEUR) — $15.7M (32.6%) 2. Baidu INC - Spon Adr (BIDU) — $5.9M (12.3%) 3. Phillips 66 (PSX) — $4.8M (10.0%) 4. Bank Of New York Mellon CORP (BNY) — $4.5M (9.4%) 5. Shire PLC — $4.2M (8.8%)

What changes did Delta Partners LP make in its most recent portfolio filing?

In the latest reported quarter, Delta Partners LP made 5 notable position adjustments: 0 new positions were initiated, 1 existing holdings were added to, 2 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Gastar Exploration LTD (GSTEUR); Sold out: trivago N.V. (TRVG); Trim: Hertz Global Holdings INC (HTZ-WEUR) — shares -63.11%; Add: Pdc Energy INC (PDCEUSD) — shares +50.65%; Trim: Good Times Restaurants INC (GTIM) — shares -38.71%

What sectors does Delta Partners LP focus on?

Delta Partners LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 58.9% • Information Technology: 41.1%