# Trellus Management Company, LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1307877. Source: https://holderbook.com/funds/1307877-trellus-management-company-llc/

- Reported value: $72.8M
- Positions: 54
- Weight of the ten largest: 67.2%
- Filed: 2023-10-24

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.7M | 0 | 14.7% | 3 |
| VERTEX ENERGY INC | [VTNRQ](https://holderbook.com/stocks/VTNRQ/) | $9.4M | 2,121,076 | 13.0% | 20 |
| VICOR CORP | [VICR](https://holderbook.com/stocks/VICR/) | $7.7M | 129,945 | 10.5% | 20 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $5.1M | 0 | 7.1% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $5.1M | 40,963 | 7.0% | 20 |
| QUIDELORTHO CORP | [QDEL](https://holderbook.com/stocks/QDEL/) | $3.4M | 0 | 4.7% | 1 |
| DIGITAL TURBINE INC | [APPS](https://holderbook.com/stocks/APPS/) | $2.4M | 100,000 | 3.3% | 7 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $2.1M | 30,000 | 2.8% | 3 |
| ASPEN AEROGELS INC | [ASPN](https://holderbook.com/stocks/ASPN/) | $1.9M | 220,000 | 2.6% | 12 |
| FULGENT GENETICS INC | [FLGT](https://holderbook.com/stocks/FLGT/) | $1.2M | 43,100 | 1.6% | 1 |
| EBIX INC | [EBIXQ](https://holderbook.com/stocks/EBIXQ/) | $1.1M | 115,000 | 1.6% | 19 |
| RANPAK HOLDINGS CORP | [PACK](https://holderbook.com/stocks/PACK/) | $1.1M | 208,817 | 1.6% | 5 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.1M | 13,200 | 1.5% | 14 |
| ALTERYX INC | [AYX](https://holderbook.com/stocks/AYX/) | $1.1M | 28,100 | 1.5% | 15 |
| AVIAT NETWORKS INC | [AVNW](https://holderbook.com/stocks/AVNW/) | $982.8K | 31,500 | 1.4% | 3 |
| PACIFIC BIOSCIENCES CALIF IN | [PACB](https://holderbook.com/stocks/PACB/) | $926.9K | 111,000 | 1.3% | 9 |
| GLOBALSTAR INC | [GSAT](https://holderbook.com/stocks/GSAT/) | $893.6K | 682,100 | 1.2% | 4 |
| PROSHARES TR II | [SVXY](https://holderbook.com/stocks/SVXY/) | $863.4K | 10,000 | 1.2% | 1 |
| PROSHARES TR | [SQQQPS](https://holderbook.com/stocks/SQQQPS/) | $838.0K | 41,000 | 1.2% | 2 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $827.6K | 4,000 | 1.1% | 20 |
| PERFORMANT FINL CORP | [PHLT](https://holderbook.com/stocks/PHLT/) | $791.0K | 350,000 | 1.1% | 7 |
| PROSHARES TR II | [BOILXXXX](https://holderbook.com/stocks/BOILXXXX/) | $788.5K | 14,500 | 1.1% | 1 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $778.7K | 48,763 | 1.1% | 1 |
| CARPARTS COM INC | [PRTS](https://holderbook.com/stocks/PRTS/) | $741.6K | 180,000 | 1.0% | 13 |
| CLEAN ENERGY FUELS CORP | [CLNE](https://holderbook.com/stocks/CLNE/) | $727.7K | 190,000 | 1.0% | 4 |
| INDIE SEMICONDUCTOR INC | [INDI](https://holderbook.com/stocks/INDI/) | $693.0K | 110,000 | 1.0% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $689.3K | 3,500 | 0.9% | 1 |
| GENEDX HOLDINGS CORP | [WGS](https://holderbook.com/stocks/WGS/) | $564.2K | 155,012 | 0.8% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $531.6K | 11,560 | 0.7% | 16 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $514.1K | 5,000 | 0.7% | 2 |
| WESTPORT FUEL SYSTEMS INC | [WPRT](https://holderbook.com/stocks/WPRT/) | $504.4K | 83,238 | 0.7% | 2 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $499.2K | 80,000 | 0.7% | 3 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $473.4K | 5,000 | 0.7% | 1 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $442.6K | 10,000 | 0.6% | 4 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $420.0K | 10,000 | 0.6% | 2 |
| CODEXIS INC | [CDXS](https://holderbook.com/stocks/CDXS/) | $415.8K | 220,000 | 0.6% | 2 |
| CHEWY INC | [CHWY](https://holderbook.com/stocks/CHWY/) | $365.2K | 20,000 | 0.5% | 1 |
| DANIMER SCIENTIFIC INC | [DNMRXXXX](https://holderbook.com/stocks/DNMRXXXX/) | $361.3K | 174,538 | 0.5% | 10 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $356.0K | 10,000 | 0.5% | 5 |
| DIREXION SHARES ETF TRUST | [SPXL](https://holderbook.com/stocks/SPXL/) | $351.9K | 4,500 | 0.5% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $338.9K | 2,000 | 0.5% | 1 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $325.7K | 3,000 | 0.4% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $318.8K | 3,500 | 0.4% | 12 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $313.4K | 8,000 | 0.4% | 1 |
| GENIUS SPORTS LIMITED | [GENI](https://holderbook.com/stocks/GENI/) | $301.4K | 56,548 | 0.4% | 6 |
| FASTLY INC | [FSLY](https://holderbook.com/stocks/FSLY/) | $279.9K | 14,600 | 0.4% | 1 |
| LGI HOMES INC | [LGIH](https://holderbook.com/stocks/LGIH/) | $248.7K | 2,500 | 0.3% | 1 |
| CEPTON INC | [CPTN](https://holderbook.com/stocks/CPTN/) | $219.8K | 57,835 | 0.3% | 1 |
| DOCGO INC | [DCGO](https://holderbook.com/stocks/DCGO/) | $189.6K | 35,570 | 0.3% | 1 |
| WW INTL INC | [WGHTQ](https://holderbook.com/stocks/WGHTQ/) | $164.9K | 14,900 | 0.2% | 1 |
| LIFE TIME GROUP HOLDINGS INC | [LTH](https://holderbook.com/stocks/LTH/) | $152.1K | 10,000 | 0.2% | 1 |
| CARNIVAL CORP | [CCL](https://holderbook.com/stocks/CCL/) | $137.2K | 10,000 | 0.2% | 1 |
| GENASYS INC | [GNSS](https://holderbook.com/stocks/GNSS/) | $120.6K | 60,000 | 0.2% | 1 |
| PROSOMNUS INC | [OSAAW](https://holderbook.com/stocks/OSAAW/) | $2.6K | 37,500 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2023 | -13.8% | -3.6% | -10.2% | 98% |
| Q2 2023 | -8.5% | +8.3% | -16.8% | 94% |
| Q1 2023 | +14.0% | +7.0% | +7.0% | 84% |
| Q4 2022 | -4.4% | +7.1% | -11.5% | 72% |
| Q3 2022 | -14.5% | -5.3% | -9.2% | 98% |
| Q2 2022 | -17.1% | -16.5% | -0.6% | 97% |
| Q1 2022 | -5.6% | -4.9% | -0.7% | 93% |
| Q4 2021 | -6.9% | +10.7% | -17.6% | 88% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $72.8M | 54 |
| Q2 2023 | $81.0M | 56 |
| Q1 2023 | $85.0M | 48 |
| Q4 2022 | $79.0M | 54 |
| Q3 2022 | $82.3M | 52 |
| Q2 2022 | $82.2M | 53 |
| Q1 2022 | $171.8M | 53 |
| Q4 2021 | $150.3M | 50 |
| Q3 2021 | $137.2M | 60 |
| Q2 2021 | $144.7M | 62 |
| Q1 2021 | $193.1M | 60 |
| Q4 2020 | $121.2M | 50 |