Granite Point Capital Management, L.p. Buys Five Below Inc, Momo Inc, Alphabet Inc, Sells CannTrust Holdings Inc, Bilibili Inc, International Money Express Inc

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Oct 30, 2019
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Boston, MA, based Investment company Granite Point Capital Management, L.p. (Current Portfolio) buys Five Below Inc, Momo Inc, Alphabet Inc, e.l.f. Beauty Inc, Exicure Inc, sells CannTrust Holdings Inc, Bilibili Inc, International Money Express Inc, Sientra Inc, Yiren Digital during the 3-months ended 2019Q3, according to the most recent filings of the investment company, Granite Point Capital Management, L.p.. As of 2019Q3, Granite Point Capital Management, L.p. owns 59 stocks with a total value of $474 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. iShares Russell 2000 ETF (IWM) - 1,500,000 shares, 47.87% of the total portfolio.
  2. SPDR S&P 500 ETF Trust (SPY) - 225,000 shares, 14.08% of the total portfolio.
  3. iShares China Large-Cap ETF (FXI) - 750,000 shares, 6.29% of the total portfolio.
  4. Utilities Select Sector SPDR Fund (XLU) - 400,000 shares, 5.46% of the total portfolio.
  5. Health Care Select Sector SPDR Fund (XLV) - 200,000 shares, 3.80% of the total portfolio.
New Purchase: Five Below Inc (FIVE)

Granite Point Capital Management, L.p. initiated holding in Five Below Inc. The purchase prices were between $104.43 and $135.01, with an estimated average price of $121.53. The stock is now traded at around $126.96. The impact to a portfolio due to this purchase was 0.53%. The holding were 20,000 shares as of .

New Purchase: e.l.f. Beauty Inc (ELF)

Granite Point Capital Management, L.p. initiated holding in e.l.f. Beauty Inc. The purchase prices were between $14.16 and $18.4, with an estimated average price of $16.64. The stock is now traded at around $17.77. The impact to a portfolio due to this purchase was 0.37%. The holding were 100,000 shares as of .

New Purchase: Exicure Inc (XCUR)

Granite Point Capital Management, L.p. initiated holding in Exicure Inc. The purchase prices were between $1.85 and $3.1, with an estimated average price of $2.5. The stock is now traded at around $2.52. The impact to a portfolio due to this purchase was 0.36%. The holding were 675,000 shares as of .

New Purchase: Zumiez Inc (ZUMZ)

Granite Point Capital Management, L.p. initiated holding in Zumiez Inc. The purchase prices were between $22.26 and $33.04, with an estimated average price of $26.34. The stock is now traded at around $32.09. The impact to a portfolio due to this purchase was 0.33%. The holding were 50,000 shares as of .

New Purchase: Deciphera Pharmaceuticals Inc (DCPH)

Granite Point Capital Management, L.p. initiated holding in Deciphera Pharmaceuticals Inc. The purchase prices were between $19.95 and $38.85, with an estimated average price of $29.61. The stock is now traded at around $40.53. The impact to a portfolio due to this purchase was 0.3%. The holding were 42,000 shares as of .

New Purchase: Apple Inc (AAPL)

Granite Point Capital Management, L.p. initiated holding in Apple Inc. The purchase prices were between $193.34 and $223.97, with an estimated average price of $209.04. The stock is now traded at around $243.29. The impact to a portfolio due to this purchase was 0.24%. The holding were 5,000 shares as of .

Added: Momo Inc (MOMO)

Granite Point Capital Management, L.p. added to a holding in Momo Inc by 71.00%. The purchase prices were between $29.31 and $36.78, with an estimated average price of $34. The stock is now traded at around $34.15. The impact to a portfolio due to this purchase was 0.47%. The holding were 171,000 shares as of .

Added: Alphabet Inc (GOOGL)

Granite Point Capital Management, L.p. added to a holding in Alphabet Inc by 60.00%. The purchase prices were between $1100 and $1245.94, with an estimated average price of $1183.58. The stock is now traded at around $1260.66. The impact to a portfolio due to this purchase was 0.39%. The holding were 4,000 shares as of .

Added: Alibaba Group Holding Ltd (BABA)

Granite Point Capital Management, L.p. added to a holding in Alibaba Group Holding Ltd by 33.33%. The purchase prices were between $153.67 and $182.51, with an estimated average price of $171.94. The stock is now traded at around $176.89. The impact to a portfolio due to this purchase was 0.18%. The holding were 20,000 shares as of .

Added: Everbridge Inc (EVBG)

Granite Point Capital Management, L.p. added to a holding in Everbridge Inc by 27.22%. The purchase prices were between $61.27 and $103.23, with an estimated average price of $84.96. The stock is now traded at around $70.38. The impact to a portfolio due to this purchase was 0.17%. The holding were 61,000 shares as of .

Added: Tandem Diabetes Care Inc (TNDM)

Granite Point Capital Management, L.p. added to a holding in Tandem Diabetes Care Inc by 31.25%. The purchase prices were between $57.11 and $73.3, with an estimated average price of $63.95. The stock is now traded at around $65.24. The impact to a portfolio due to this purchase was 0.12%. The holding were 42,000 shares as of .

Added: ACM Research Inc (ACMR)

Granite Point Capital Management, L.p. added to a holding in ACM Research Inc by 219.73%. The purchase prices were between $13.77 and $19.03, with an estimated average price of $15.76. The stock is now traded at around $12.97. The impact to a portfolio due to this purchase was 0.07%. The holding were 32,740 shares as of .

Sold Out: CannTrust Holdings Inc (CTST)

Granite Point Capital Management, L.p. sold out a holding in CannTrust Holdings Inc. The sale prices were between $1.12 and $5.12, with an estimated average price of $2.28.

Sold Out: International Money Express Inc (IMXI)

Granite Point Capital Management, L.p. sold out a holding in International Money Express Inc. The sale prices were between $12.48 and $14.65, with an estimated average price of $13.98.

Sold Out: Yiren Digital Ltd (YRD)

Granite Point Capital Management, L.p. sold out a holding in Yiren Digital Ltd. The sale prices were between $7.02 and $14.07, with an estimated average price of $10.33.

Sold Out: Carrols Restaurant Group Inc (TAST)

Granite Point Capital Management, L.p. sold out a holding in Carrols Restaurant Group Inc. The sale prices were between $6.81 and $9.68, with an estimated average price of $8.36.

Sold Out: Sarepta Therapeutics Inc (SRPT)

Granite Point Capital Management, L.p. sold out a holding in Sarepta Therapeutics Inc. The sale prices were between $72.81 and $156.91, with an estimated average price of $118.18.

Sold Out: Snap Inc (SNAP)

Granite Point Capital Management, L.p. sold out a holding in Snap Inc. The sale prices were between $14.02 and $17.89, with an estimated average price of $15.99.



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