Granite Point Capital Management, L.p. Buys Micron Technology Inc, Aurinia Pharmaceuticals Inc, PayPal Holdings Inc, Sells Momo Inc, Sea, e.l.f. Beauty Inc

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Feb 11, 2020
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Boston, MA, based Investment company Granite Point Capital Management, L.p. (Current Portfolio) buys Micron Technology Inc, Aurinia Pharmaceuticals Inc, PayPal Holdings Inc, Ollie's Bargain Outlet Holdings Inc, Tesla Inc, sells Momo Inc, Sea, e.l.f. Beauty Inc, Facebook Inc, Alibaba Group Holding during the 3-months ended 2019Q4, according to the most recent filings of the investment company, Granite Point Capital Management, L.p.. As of 2019Q4, Granite Point Capital Management, L.p. owns 80 stocks with a total value of $623 million. These are the details of the buys and sells.

For the details of GRANITE POINT CAPITAL MANAGEMENT, L.P.'s stock buys and sells, go to https://www.gurufocus.com/guru/granite+point+capital+management%2C+l.p./current-portfolio/portfolio

These are the top 5 holdings of GRANITE POINT CAPITAL MANAGEMENT, L.P.
  1. PowerShares QQQ Trust Ser 1 (QQQ) - 850,000 shares, 29.03% of the total portfolio.
  2. iShares Russell 2000 ETF (IWM) - 400,000 shares, 10.65% of the total portfolio.
  3. SPDR S&P 500 ETF Trust (SPY) - 200,000 shares, 10.34% of the total portfolio.
  4. SPDR Gold Trust (GLD) - 300,000 shares, 6.89% of the total portfolio.
  5. Health Care Select Sector SPDR Fund (XLV) - 398,000 shares, 6.51% of the total portfolio.
New Purchase: Micron Technology Inc (MU)

Granite Point Capital Management, L.p. initiated holding in Micron Technology Inc. The purchase prices were between $41.98 and $55.42, with an estimated average price of $47.96. The stock is now traded at around $57.33. The impact to a portfolio due to this purchase was 0.35%. The holding were 40,000 shares as of .

New Purchase: Aurinia Pharmaceuticals Inc (AUPH)

Granite Point Capital Management, L.p. initiated holding in Aurinia Pharmaceuticals Inc. The purchase prices were between $3.88 and $21.42, with an estimated average price of $9.42. The stock is now traded at around $19.52. The impact to a portfolio due to this purchase was 0.33%. The holding were 100,000 shares as of .

New Purchase: PayPal Holdings Inc (PYPL)

Granite Point Capital Management, L.p. initiated holding in PayPal Holdings Inc. The purchase prices were between $96.64 and $109.75, with an estimated average price of $104.36. The stock is now traded at around $120.06. The impact to a portfolio due to this purchase was 0.31%. The holding were 18,000 shares as of .

New Purchase: Ollie's Bargain Outlet Holdings Inc (OLLI)

Granite Point Capital Management, L.p. initiated holding in Ollie's Bargain Outlet Holdings Inc. The purchase prices were between $55.02 and $69.98, with an estimated average price of $63.52. The stock is now traded at around $48.94. The impact to a portfolio due to this purchase was 0.25%. The holding were 24,000 shares as of .

New Purchase: Tesla Inc (TSLA)

Granite Point Capital Management, L.p. initiated holding in Tesla Inc. The purchase prices were between $231.43 and $430.94, with an estimated average price of $328.24. The stock is now traded at around $771.28. The impact to a portfolio due to this purchase was 0.2%. The holding were 3,000 shares as of .

New Purchase: Sutro Biopharma Inc (STRO)

Granite Point Capital Management, L.p. initiated holding in Sutro Biopharma Inc. The purchase prices were between $8.15 and $11.39, with an estimated average price of $10.34. The stock is now traded at around $11.63. The impact to a portfolio due to this purchase was 0.18%. The holding were 100,000 shares as of .

Added: Sientra Inc (SIEN)

Granite Point Capital Management, L.p. added to a holding in Sientra Inc by 23.77%. The purchase prices were between $5.8 and $8.94, with an estimated average price of $7.6. The stock is now traded at around $6.27. The impact to a portfolio due to this purchase was 0.19%. The holding were 701,000 shares as of .

Added: CareDx Inc (CDNA)

Granite Point Capital Management, L.p. added to a holding in CareDx Inc by 87.58%. The purchase prices were between $19.24 and $28.41, with an estimated average price of $22.91. The stock is now traded at around $24.28. The impact to a portfolio due to this purchase was 0.19%. The holding were 114,722 shares as of .

Added: Amazon.com Inc (AMZN)

Granite Point Capital Management, L.p. added to a holding in Amazon.com Inc by 31.58%. The purchase prices were between $1705.51 and $1869.8, with an estimated average price of $1771.74. The stock is now traded at around $2133.91. The impact to a portfolio due to this purchase was 0.18%. The holding were 2,500 shares as of .

Added: Exicure Inc (XCUR)

Granite Point Capital Management, L.p. added to a holding in Exicure Inc by 51.85%. The purchase prices were between $2.35 and $3.65, with an estimated average price of $2.73. The stock is now traded at around $2.50. The impact to a portfolio due to this purchase was 0.16%. The holding were 1,025,000 shares as of .

Added: TAL Education Group (TAL)

Granite Point Capital Management, L.p. added to a holding in TAL Education Group by 41.52%. The purchase prices were between $33.71 and $48.49, with an estimated average price of $43.21. The stock is now traded at around $57.90. The impact to a portfolio due to this purchase was 0.09%. The holding were 40,900 shares as of .

Added: Canada Goose Holdings Inc (GOOS)

Granite Point Capital Management, L.p. added to a holding in Canada Goose Holdings Inc by 25.00%. The purchase prices were between $34.13 and $44.26, with an estimated average price of $38.55. The stock is now traded at around $30.49. The impact to a portfolio due to this purchase was 0.05%. The holding were 40,000 shares as of .

Sold Out: e.l.f. Beauty Inc (ELF)

Granite Point Capital Management, L.p. sold out a holding in e.l.f. Beauty Inc. The sale prices were between $14.69 and $18.44, with an estimated average price of $16.62.

Sold Out: Argan Inc (AGX)

Granite Point Capital Management, L.p. sold out a holding in Argan Inc. The sale prices were between $34.1 and $41.36, with an estimated average price of $38.45.

Sold Out: Crescent Acquisition Corp (CRSAU)

Granite Point Capital Management, L.p. sold out a holding in Crescent Acquisition Corp. The sale prices were between $10.15 and $10.35, with an estimated average price of $10.24.

Sold Out: Matinas BioPharma Holdings Inc (MTNB)

Granite Point Capital Management, L.p. sold out a holding in Matinas BioPharma Holdings Inc. The sale prices were between $0.63 and $2.27, with an estimated average price of $1.18.

Sold Out: Jianpu Technology Inc (JT)

Granite Point Capital Management, L.p. sold out a holding in Jianpu Technology Inc. The sale prices were between $1.41 and $2.5, with an estimated average price of $1.96.

Sold Out: The Lovesac Co (LOVE)

Granite Point Capital Management, L.p. sold out a holding in The Lovesac Co. The sale prices were between $10.74 and $20.01, with an estimated average price of $15.54.



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