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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
+19.57%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$570M
AUM Growth
+$248M
Cap. Flow
+$225M
Cap. Flow %
39.38%
Top 10 Hldgs %
84.22%
Holding
29
New
12
Increased
4
Reduced
2
Closed
7

Top Buys

Rank Stock Value
1
NVGS icon
Navigator Holdings
NVGS
+$37.5M
2
GNW icon
Genworth Financial
GNW
+$21.8M
3
ONIT
Onity Group
ONIT
+$18.4M
4
BALT
BALTIC TRADING LIMITED COMMON STOCK
BALT
+$8.78M
5
HRI icon
Herc Holdings
HRI
+$7.14M

Top Sells

Rank Stock Value
1
WLH
WILLIAM LYON HOMES
WLH
+$17.4M
2
NWG icon
NatWest
NWG
+$2.9M
3
DELL
DELL INC
DELL
+$2.75M
4
VLO icon
Valero Energy
VLO
+$1.77M
5
GM.WS.C
GENERAL MTRS CO WTS EXP 12/31/15 (DE)
GM.WS.C
+$973K

Sector Composition

Rank Sector Weight
1 Financials 23.48%
2 Energy 9.07%
3 Industrials 4.13%
4 Consumer Discretionary 2.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GM.WS.C
26
DELISTED
GENERAL MTRS CO WTS EXP 12/31/15 (DE)
GM.WS.C
– –
-243,300
Closed -$973K
DELL
27
DELISTED
DELL INC
DELL
– –
-200,000
Closed -$2.75M
1
2

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Panning Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Panning Capital Management held 29 positions worth $570M, up 77% from $322M the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Panning Capital Management deployed $225M of net new capital in Q4 2013, opening 12 new positions and adding to 4 existing holdings. Its largest new stake was Navigator Holdings: 1,613,269 shares worth $43.5M.

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

On the sell side, the largest reduction was WILLIAM LYON HOMES, an estimated $17.4M trimmed.

  • Panning Capital Management's largest Q4 2013 buy was Navigator Holdings: 1,613,269 shares worth $43.5M.
  • Panning Capital Management added most to Genworth Financial in Q4 2013, an estimated $21.8M increase.
  • Panning Capital Management's biggest Q4 2013 reduction was WILLIAM LYON HOMES, cutting an estimated $17.4M.
  • Panning Capital Management fully exited NatWest in Q4 2013, selling an estimated $2.9M.
  • Panning Capital Management's ten largest holdings make up 84% of its $570M portfolio in Q4 2013.
  • Panning Capital Management opened 12 new positions and closed 7 in Q4 2013.
  • Panning Capital Management's portfolio value rose 77% quarter-over-quarter to $570M.

Based on Panning Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.