We are live on
!
Find out more
BC
Bocage Capital Portfolio holdings
AUM
$185M
1-Year Est. Return
61.49%
This Fund
S&P 500
This Quarter
Est. Return
-25.1%
1 Year Est. Return
+61.49%
3 Year Est. Return
+25.28%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$168M
AUM Growth
-$17.1M
(-9.2%)
Cap. Flow
+$34.5M
Cap. Flow
% of AUM
20.5%
Top 10 Holdings %
Top 10 Hldgs %
89.89%
Holding
19
New
3
Increased
5
Reduced
6
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WRK
WestRock Company
WRK
|
+$19.2M |
| 2 |
CPN
Calpine Corporation
CPN
|
+$18M |
| 3 |
Range Resources
RRC
|
+$12.9M |
| 4 |
DYN
Dynegy, Inc.
DYN
|
+$11.3M |
| 5 |
NRG Energy
NRG
|
+$6.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$13.7M |
| 2 |
RKT
ROCK-TENN COMPANY CL-A
RKT
|
+$12.3M |
| 3 |
AKS
AK Steel Holding Corp
AKS
|
+$8.93M |
| 4 |
ANDV
Andeavor
ANDV
|
+$6.97M |
| 5 |
MRD
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
|
+$6.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 27.85% |
| 2 | Materials | 18.5% |
| 3 | Utilities | 17.2% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Technology | 3.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DYN
1
DELISTED
Dynegy, Inc.
DYN
| $25.2M | 14.96% |
1,216,866
+446,480
| +58% | +$11.3M |
|
|
2
Range Resources
RRC
$8.66B
| $17.3M | 10.28% |
538,381
+329,910
| +158% | +$12.9M |
|
|
WRK
3
DELISTED
WestRock Company
WRK
| $16.6M | 9.85% |
+357,464
| New | +$19.2M |
|
4
CF Industries
CF
$18.7B
| $16.2M | 9.65% |
361,266
-85,654
| -19% | -$4.98M |
|
|
CPN
5
DELISTED
Calpine Corporation
CPN
| $16M | 9.53% |
+1,097,603
| New | +$18M |
|
|
AKS
6
CALL
DELISTED
AK Steel Holding Corp
AKS
| $14.2M | 8.46% |
5,900,000
+5,500,000
| +1,375% | +$16M |
|
|
CTRA
7
DELISTED
Coterra Energy
CTRA
| $13.6M | 8.08% |
621,743
-91,375
| -13% | -$2.34M |
|
|
8
NRG Energy
NRG
$27.2B
| $12.9M | 7.67% |
868,064
+326,376
| +60% | +$6.48M |
|
|
ANDV
9
DELISTED
Andeavor
ANDV
| $11.2M | 6.64% |
114,798
-71,736
| -38% | -$6.97M |
|
|
DDC
10
DELISTED
Dominion Diamond Corporation
DDC
| $8.03M | 4.77% |
751,478
-305,681
| -29% | -$3.69M |
|
|
KS
11
DELISTED
KapStone Paper and Pack Corp.
KS
| $6.31M | 3.75% |
382,410
-14,183
| -4% | -$310K |
|
|
SEMI
12
DELISTED
SunEdison Semiconductor Limited
SEMI
| $5.08M | 3.02% |
481,643
+461,772
| +2,324% | +$6.22M |
|
13
Oceaneering
OII
$4.22B
| $4.78M | 2.84% |
+121,762
| New | +$5.05M |
|
|
AKS
14
DELISTED
AK Steel Holding Corp
AKS
| $555K | 0.33% |
230,300
-3,068,295
| -93% | -$8.93M |
|
|
DYN.WS
15
DELISTED
Dynegy Inc,
DYN.WS
| $277K | 0.16% |
240,752
| – | – |
|
16
Sibanye-Stillwater
SBSW
$5.66B
| – | – |
-125,374
| Closed | -$762K |
|
|
APC
17
DELISTED
Anadarko Petroleum
APC
| – | – |
-175,592
| Closed | -$13.7M |
|
|
MRD
18
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| – | – |
-350,170
| Closed | -$6.64M |
|
|
RKT
19
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| – | – |
-204,892
| Closed | -$12.3M |
|
Similar funds
EEG
SRP
SA
SIG
CF
WSA
VWM
HH
Bocage Capital's Q3 2015 Portfolio in Review
As of Q3 2015, Bocage Capital held 19 positions worth $168M, down 9.2% from $185M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Bocage Capital deployed $34.5M of net new capital in Q3 2015, opening 3 new positions and adding to 5 existing holdings. Its largest new stake was WestRock Company: 357,464 shares worth $16.6M.
By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 26% a quarter earlier, followed by Materials and Utilities.
On the sell side, the largest reduction was AK Steel Holding Corp, an estimated $8.93M trimmed.
- Bocage Capital's largest Q3 2015 buy was WestRock Company: 357,464 shares worth $16.6M.
- Bocage Capital added most to Range Resources in Q3 2015, an estimated $12.9M increase.
- Bocage Capital's biggest Q3 2015 reduction was AK Steel Holding Corp, cutting an estimated $8.93M.
- Bocage Capital fully exited Anadarko Petroleum in Q3 2015, selling an estimated $13.7M.
- Bocage Capital's ten largest holdings make up 90% of its $168M portfolio in Q3 2015.
- Bocage Capital opened 3 new positions and closed 4 in Q3 2015.
- Bocage Capital's portfolio value fell 9.2% quarter-over-quarter to $168M.
Based on Bocage Capital's 13F filing for Q3 2015, filed 16 Nov 2015.