We are live on ! Find out more
BC

Bocage Capital Portfolio holdings

AUM $185M Turnover 52.38%
1-Year Est. Return 61.49%
This Fund
S&P 500
This Quarter Est. Return
+0.24%
1 Year Est. Return
+61.49%
3 Year Est. Return
+25.28%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$185M
AUM Growth
-$38.3M
Cap. Flow
-$86.4M
Cap. Flow %
-46.74%
Top 10 Hldgs %
94.78%
Holding
21
New
4
Increased
1
Reduced
8
Closed
7
Avg Time Held Equity + Options
0.7 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.7 years
Avg Time Held Equity only
1.1 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
1.1 years

Top Buys

Rank Stock Value
1
STLD icon
Steel Dynamics
STLD
+$3.94M

Top Sells

Rank Stock Value
1
WRK icon
WestRock Company
WRK
+$11.9M
2
CTRA icon
Coterra Energy
CTRA
+$10.2M
3
AXTA icon
Axalta
AXTA
+$8.81M
4
CNX icon
CNX Resources
CNX
+$8.48M
5
AUY
Yamana Gold, Inc.
AUY
+$8.14M

Sector Composition

Rank Sector Weight
1 Miscellaneous 79.33%
2 Energy 10.27%
3 Utilities 4.83%
4 Materials 4.35%
5 Consumer Discretionary 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
X icon
1
PUT
DELISTED
US Steel
X
$75.6M 40.92%
2,290,000
+190,000
+9% +$5.08M
2016 Q3
1 quarter
VALE icon
2
PUT
Vale
VALE
$55.8B
$23.8M 12.87%
+3,120,000
New +$22.9M
2016 Q4
0 quarters
CHK icon
3
PUT
DELISTED
Chesapeake Energy Corporation
CHK
$19.3M 10.45%
13,750
-21,500
-61% -$28.1M
2016 Q3
1 quarter
RIG icon
4
PUT
Transocean
RIG
$6.58B
$14.7M 7.98%
+1,000,000
New +$11.9M
2016 Q4
0 quarters
TECK icon
5
CALL
Teck Resources
TECK
$31.1B
$13.1M 7.11%
+655,600
New +$14.2M
2016 Q4
0 quarters
DYN icon
6
DELISTED
Dynegy, Inc.
DYN
$8.93M 4.83%
1,055,685
-546,374
-34% -$5.38M
2014 Q2
10 quarters
CTRA icon
7
DELISTED
Coterra Energy
CTRA
$5.52M 2.99%
236,448
-452,119
-66% -$10.2M
2013 Q4
12 quarters
RSPP
8
DELISTED
RSP Permian, Inc.
RSPP
$5.26M 2.85%
117,960
-53,180
-31% -$2.2M
2016 Q2
2 quarters
STLD icon
9
Steel Dynamics
STLD
$35.1B
$4.46M 2.41%
+125,264
New +$3.94M
2016 Q4
0 quarters
OVV icon
10
Ovintiv
OVV
$19.4B
$4.38M 2.37%
74,664
-123,964
-62% -$7.06M
2016 Q3
1 quarter
CNX icon
11
CNX Resources
CNX
$5.28B
$3.8M 2.06%
249,989
-537,165
-68% -$8.48M
2016 Q2
2 quarters
NGVT icon
12
Ingevity
NGVT
$2.42B
$3.58M 1.94%
65,180
-121,350
-65% -$5.82M
2016 Q2
2 quarters
GPK icon
13
Graphic Packaging
GPK
$2.49B
$2.26M 1.22%
181,181
-171,102
-49% -$2.21M
2016 Q1
3 quarters
DYN.WS icon
14
DELISTED
Dynegy Inc,
DYN.WS
$10K 0.01%
240,752
– –
2015 Q2
6 quarters
AXTA icon
15
Axalta
AXTA
$7.21B
– –
-311,549
Closed -$8.81M –
NRG icon
16
NRG Energy
NRG
$20.9B
– –
-717,669
Closed -$8.04M –
OVV icon
17
CALL
Ovintiv
OVV
$19.4B
– –
-180,000
Closed -$9.42M –
WRK icon
18
DELISTED
WestRock Company
WRK
– –
-246,190
Closed -$11.9M –
AUY
19
DELISTED
Yamana Gold, Inc.
AUY
– –
-1,888,247
Closed -$8.14M –
CLD
20
DELISTED
Cloud Peak Energy Inc
CLD
– –
-830,320
Closed -$4.52M –
EGN
21
DELISTED
Energen
EGN
– –
-130,390
Closed -$7.53M –

Similar funds

EEG
E.E. Geduld $178M AUM 29.34% 1-Year Est. Return
SRP
Saddle Road Partners Omaha, Nebraska $197M AUM 13.19% 1-Year Est. Return
PFM
PacWest Financial Management Phoenix, Arizona $169M AUM 8.84% 1-Year Est. Return
SA
Steadfast Advisors New York $204M AUM 28.42% 1-Year Est. Return
SIG
Stanford Investment Group Mountain View, California $205M AUM 7.44% 1-Year Est. Return
CF
CenterStar Fund Chicago, Illinois $159M AUM 13.43% 1-Year Est. Return
WSA
Wall Street Associates Lajolla, California $151M AUM 30.3% 1-Year Est. Return
VWM
Vector Wealth Management Minneapolis, Minnesota $142M AUM 10.42% 1-Year Est. Return

Bocage Capital's Q4 2016 Portfolio in Review

As of Q4 2016, Bocage Capital held 21 positions worth $185M, down 17% from $223M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Bocage Capital withdrew a net $86.4M in Q4 2016, closing 7 positions and reducing 8 holdings. Its most notable exit was WestRock Company, an estimated $11.9M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, up from 42% a quarter earlier, followed by Energy and Utilities.

Against the trend, Bocage Capital opened a new position in Steel Dynamics worth $4.46M.

  • Bocage Capital's largest Q4 2016 buy was Steel Dynamics: 125,264 shares worth $4.46M.
  • Bocage Capital's biggest Q4 2016 reduction was Coterra Energy, cutting an estimated $10.2M.
  • Bocage Capital fully exited WestRock Company in Q4 2016, selling an estimated $11.9M.
  • Bocage Capital's ten largest holdings make up 95% of its $185M portfolio in Q4 2016.
  • Bocage Capital opened 4 new positions and closed 7 in Q4 2016.
  • Bocage Capital's portfolio value fell 17% quarter-over-quarter to $185M.

Based on Bocage Capital's 13F filing for Q4 2016, filed 14 Feb 2017.