Herring Creek Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTRA
Coterra Energy
CTRA
|
+$21.9M |
| 2 |
P
Pandora Media Inc
P
|
+$17.3M |
| 3 |
Micron Technology
MU
|
+$16.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$16.2M |
| 5 |
NTI
NORTHERN TIER ENERGY LP CLASS A
NTI
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISH
DISH Network Corp.
DISH
|
+$22.3M |
| 2 |
CHS
Chicos FAS, Inc.
CHS
|
+$21M |
| 3 |
VeriSign
VRSN
|
+$18.3M |
| 4 |
SNDK
SANDISK CORP
SNDK
|
+$17.1M |
| 5 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.69% |
| 2 | Industrials | 20.62% |
| 3 | Communication Services | 18.5% |
| 4 | Technology | 14.31% |
| 5 | Energy | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Louisiana-Pacific
LPX
$4.53B
| $4.89M | 1.16% |
296,176
-85,556
| -22% | -$1.41M |
|
|
JGW
27
DELISTED
J G WENTWORTH CO CL A COM STK (DE)
JGW
| $4.69M | 1.12% |
+451,719
| New | +$4.54M |
|
|
28
VeriSign
VRSN
$26.9B
| – | – |
-321,020
| Closed | -$18.3M |
|
29
Western Digital
WDC
$149B
| – | – |
-190,628
| Closed | -$16M |
|
|
CHS
30
DELISTED
Chicos FAS, Inc.
CHS
| – | – |
-1,294,076
| Closed | -$21M |
|
|
ASNA
31
DELISTED
Ascena Retail Group, Inc.
ASNA
| – | – |
-63,390
| Closed | -$15.9M |
|
|
SNDK
32
DELISTED
SANDISK CORP
SNDK
| – | – |
-174,527
| Closed | -$17.1M |
|
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Herring Creek Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Herring Creek Capital Management held 32 positions worth $420M, down 15% from $496M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Herring Creek Capital Management withdrew a net $86.3M in Q1 2015, closing 5 positions and reducing 17 holdings. Its most notable exit was Chicos FAS, Inc., an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, down from 24% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Herring Creek Capital Management opened a new position in Coterra Energy worth $22.9M.
- Herring Creek Capital Management's largest Q1 2015 buy was Coterra Energy: 774,446 shares worth $22.9M.
- Herring Creek Capital Management added most to Bank of America in Q1 2015, an estimated $2.95M increase.
- Herring Creek Capital Management's biggest Q1 2015 reduction was DISH Network Corp., cutting an estimated $22.3M.
- Herring Creek Capital Management fully exited Chicos FAS, Inc. in Q1 2015, selling an estimated $21M.
- Herring Creek Capital Management's ten largest holdings make up 53% of its $420M portfolio in Q1 2015.
- Herring Creek Capital Management opened 8 new positions and closed 5 in Q1 2015.
- Herring Creek Capital Management's portfolio value fell 15% quarter-over-quarter to $420M.
Based on Herring Creek Capital Management's 13F filing for Q1 2015, filed 15 May 2015.