You manage $123 million and hold exactly 20 stocks at all times, 12 long and 8 short. The average position size is 13%, the average holding period is 13 weeks, and you hold each individual name twice per year on average.
What is yout gross exposure?
What is your net exposure?
What is the total number of unique investments (companies) held each year?
What is the annual turnover in dollar terms?
What is the annual turnover in name count?