Dialectic Capital Management, L.P. 13F annual report

Dialectic Capital Management, L.P. is an investment fund managing more than $81.9 million ran by John Fichthorn. There are currently 42 companies in Mr. Fichthorn’s portfolio. The largest investments include B Riley Finl Inc and Health Ins Innovations Inc, together worth $18.9 million.

Limited to 30 biggest holdings

$81.9 million Assets Under Management (AUM)

As of 30th April 2022, Dialectic Capital Management, L.P.’s top holding is 731,858 shares of B Riley Finl Inc currently worth over $11 million and making up 13.4% of the portfolio value. In addition, the fund holds 496,300 shares of Health Ins Innovations Inc worth $7.94 million. The third-largest holding is Covisint Corp worth $5.06 million and the next is Western Digital worth $4.17 million, with 50,532 shares owned.

Currently, Dialectic Capital Management, L.P.'s portfolio is worth at least $81.9 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Dialectic Capital Management, L.P.

The Dialectic Capital Management, L.P. office and employees reside in Norwalk, Connecticut. According to the last 13-F report filed with the SEC, John Fichthorn serves as the Managing Member of the Filer's General Partner at Dialectic Capital Management, L.P..

Recent trades

In the most recent 13F filing, Dialectic Capital Management, L.P. revealed that it had opened a new position in Sun Hydraulics Corp and bought 65,263 shares worth $2.36 million.

The investment fund also strengthened its position in Health Ins Innovations Inc by buying 141,083 additional shares. This makes their stake in Health Ins Innovations Inc total 496,300 shares worth $7.94 million.

On the other hand, there are companies that Dialectic Capital Management, L.P. is getting rid of from its portfolio. Dialectic Capital Management, L.P. closed its position in Spdr Gold Trust on 11th May 2017. It sold the previously owned 40,220 shares for $4.41 million. John Fichthorn also disclosed a decreased stake in B Riley Finl Inc by 0.2%. This leaves the value of the investment at $11 million and 731,858 shares.

One of the smallest hedge funds

The two most similar investment funds to Dialectic Capital Management, L.P. are Matrix China Management Iii, L.P. and Adirondack Research & Management. They manage $81.9 million and $81.9 million respectively.

John Fichthorn investment strategy

Dialectic Capital Management, L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 23.0% of the total portfolio value. The fund focuses on investments in the United States as 45.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 17% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $111 billion.

The complete list of Dialectic Capital Management, L.P. trades based on 13F SEC filings

These positions were updated on May 11th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
B Riley Finl Inc	21.69% 731,858	$10,978,000	13.41%
Health Ins Innovations Inc	39.72% 496,300	$7,941,000	9.70%
Covisint Corp	17.09% 2,470,000	$5,064,000	6.19%
Spdr Gold Trust	Closed 40,220	$4,409,000
Western Digital Corp.	32.30% 50,532	$4,171,000	5.09%
HC2 Holdings Inc	16.04% 583,500	$3,618,000	4.42%
Vonage Hldgs Corp	40.60% 561,626	$3,549,000	4.33%
Spdr S&p Midcap 400 Etf Tr	Closed 11,412	$3,443,000
Huntington Ingalls Inds Inc	Closed 17,665	$3,254,000
Tesla Mtrs Inc	Closed 15,000	$3,205,000
Lonestar Res Us Inc	17.53% 623,261	$3,154,000	3.85%
Invuity Inc	67.66% 394,000	$3,132,000	3.83%
Arch Coal Inc	Closed 39,662	$3,096,000
Cabot Oil & Gas Corp.	Closed 114,313	$2,670,000
Verso Corp	37.78% 434,000	$2,604,000	3.18%
Monsanto Co New	Closed 24,241	$2,551,000
Sun Hydraulics Corp	Opened 65,263	$2,356,000	2.88%
Cryolife Inc	Opened 134,417	$2,238,000	2.73%
Weibo Corp	Opened 40,000	$2,087,000	2.55%
Immersion Corp	1.82% 227,361	$1,969,000	2.40%
Marvell Technology Group Ltd	18.90% 124,294	$1,897,000	2.32%
News Corp	12.84% 145,000	$1,885,000	2.30%
Kite Pharma Inc	Opened 23,000	$1,805,000	2.20%
Intel Corp.	68.27% 49,527	$1,786,000	2.18%
Twilio Inc	Closed 60,593	$1,748,000
C&j Energy Svcs Inc New	Opened 51,065	$1,739,000	2.12%
SunCoke Energy Inc	Closed 146,731	$1,664,000
Solar Cap Ltd	Closed 79,362	$1,652,000
Cf Inds Hldgs Inc	Closed 50,634	$1,594,000
Micron Technology Inc.	11.61% 53,907	$1,557,000	1.90%
Whirlpool Corp.	Closed 8,361	$1,520,000
Ferroglobe Plc	Closed 139,270	$1,509,000
MGM Resorts International	Closed 50,573	$1,458,000
Uniqure Nv	Closed 254,835	$1,427,000
Teck Resources Ltd	Closed 71,051	$1,423,000
Netlist, Inc.	1.21% 1,375,882	$1,362,000	1.66%
Quantum Corp	55.82% 1,558,235	$1,356,000	1.66%
Key Energy Svcs Inc Del	182.98% 55,268	$1,283,000	1.57%
Natural Resource Partners L	43.58% 34,867	$1,260,000	1.54%
Brookfield Infrast Partners	Opened 31,000	$1,198,000	1.46%
Wildhorse Resource Dev Corp	Opened 94,477	$1,175,000	1.44%
LendingTree Inc.	Closed 11,006	$1,115,000
Computer Sciences Corp	Closed 16,903	$1,004,000
Bank Of Nt Butterfield&son L	Opened 30,675	$979,000	1.20%
Microsoft Corporation	Opened 14,461	$952,000	1.16%
Teradyne, Inc.	Opened 30,514	$949,000	1.16%
Sensus Healthcare Inc	0.15% 215,222	$945,000	1.15%
BWX Technologies Inc	74.33% 19,344	$921,000	1.12%
World Accep Corp Del	Closed 14,000	$900,000
Nokia Corp	Opened 165,918	$899,000	1.10%
Monarch Casino & Resort, Inc.	Closed 28,408	$732,000
Morgan Stanley Em Mkts Dm De	Closed 99,446	$713,000
Wesco International, Inc.	Opened 10,018	$697,000	0.85%
Paccar Inc.	Opened 9,939	$668,000	0.82%
Telenav Inc	Opened 72,572	$628,000	0.77%
Cno Finl Group Inc	Opened 30,000	$615,000	0.75%
Stamps.com Inc.	Closed 4,739	$543,000
Ishares	Opened 15,000	$537,000	0.66%
Impinj Inc	Closed 15,175	$536,000
KEMET Corp.	Opened 41,730	$501,000	0.61%
Nxp Semiconductors N V	Closed 5,102	$500,000
Ocwen Finl Corp	Closed 92,595	$499,000
Capella Education Co	Closed 5,585	$490,000
Grand Canyon Ed Inc	Closed 8,331	$487,000
Blackhawk Network Holdings I	Closed 12,793	$482,000
Take-two Interactive Softwar	15.43% 8,116	$481,000	0.59%
Devry Ed Group Inc	Closed 14,231	$444,000
FormFactor Inc.	60.29% 36,479	$432,000	0.53%
Eldorado Resorts, Inc.	Closed 19,824	$336,000
Xilinx, Inc.	Closed 4,179	$252,000
Lumentum Holdings Inc	Closed 6,399	$247,000
Dexcom Inc	Closed 4,101	$245,000
Activision Blizzard Inc	Closed 6,683	$241,000
Trade Desk Inc	Closed 7,935	$220,000
Tonix Pharmaceuticals Hldg C	Opened 40,000	$187,000	0.23%
Everspin Technologies Inc	Opened 21,742	$182,000	0.22%
Inovio Pharmaceuticals Inc	Closed 25,000	$174,000
Triplepoint Venture Growth B	Closed 13,436	$158,000
Broadwind Energy Inc	Opened 16,475	$137,000	0.17%
Arbutus Biopharm Corp	Closed 25,000	$61,000
No transactions found
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