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Panning Capital Management Portfolio holdings

AUM $97.5M
1-Year Est. Return 302.5%
This Fund
S&P 500
This Quarter Est. Return
+6.26%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$322M
AUM Growth
-$313K
Cap. Flow
-$38.7M
Cap. Flow %
-12.01%
Top 10 Hldgs %
85.97%
Holding
34
New
7
Increased
5
Reduced
1
Closed
14

Top Buys

Rank Stock Value
1
GNW icon
Genworth Financial
GNW
+$16.3M
2
ONIT
Onity Group
ONIT
+$15.1M
3
KMI.WS
Kinder Morgan Inc
KMI.WS
+$4.91M
4
GM.WS.B
General Motors Company
GM.WS.B
+$3.72M
5
DELL
DELL INC
DELL
+$2.71M

Top Sells

Rank Stock Value
1
AIG icon
American International
AIG
+$34.9M
2
PBF icon
PBF Energy
PBF
+$7.77M
3
MGM icon
MGM Resorts International
MGM
+$7.39M
4
DSX icon
Diana Shipping
DSX
+$4.39M
5
GM icon
General Motors
GM
+$3.97M

Sector Composition

Rank Sector Weight
1 Financials 23.86%
2 Consumer Discretionary 7.46%
3 Industrials 0.95%
4 Energy 0.55%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PBF icon
26
PBF Energy
PBF
$7.22B
– –
-300,000
Closed -$7.77M
SPY icon
27
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
– –
-232,000
Closed -$37.2M
VLO icon
28
CALL
Valero Energy
VLO
$88.7B
– –
-500,000
Closed -$17.4M
GM.PRB
29
DELISTED
GENERAL MTRS CO JR PFD CONV SER B (DE)
GM.PRB
– –
-50,000
Closed -$2.41M
DELL
30
CALL
DELISTED
DELL INC
DELL
– –
-200,000
Closed -$2.67M
EGLE
31
DELISTED
Eagle Bulk Shipping Inc.
EGLE
– –
-114
Closed -$1.06M
1
2

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Panning Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Panning Capital Management held 34 positions worth $322M, down 0.1% from $323M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Panning Capital Management withdrew a net $38.7M in Q3 2013, closing 14 positions and reducing 1 holding. Its most notable exit was American International, an estimated $34.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Panning Capital Management opened a new position in Onity Group worth $16.7M.

  • Panning Capital Management's largest Q3 2013 buy was Onity Group: 20,000 shares worth $16.7M.
  • Panning Capital Management added most to Genworth Financial in Q3 2013, an estimated $16.3M increase.
  • Panning Capital Management fully exited American International in Q3 2013, selling an estimated $34.9M.
  • Panning Capital Management's ten largest holdings make up 86% of its $322M portfolio in Q3 2013.
  • Panning Capital Management opened 7 new positions and closed 14 in Q3 2013.
  • Panning Capital Management's portfolio value fell 0.1% quarter-over-quarter to $322M.

Based on Panning Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.