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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
(-0.1%)
Cap. Flow
-$32M
Cap. Flow
% of AUM
-9.93%
Top 10 Holdings %
Top 10 Hldgs %
85.97%
Holding
34
New
7
Increased
5
Reduced
1
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
American International
AIG
|
+$34.9M |
| 2 |
PBF Energy
PBF
|
+$7.77M |
| 3 |
MGM Resorts International
MGM
|
+$7.39M |
| 4 |
Diana Shipping
DSX
|
+$4.39M |
| 5 |
General Motors
GM
|
+$3.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 67.18% |
| 2 | Financials | 23.86% |
| 3 | Consumer Discretionary | 7.46% |
| 4 | Industrials | 0.95% |
| 5 | Energy | 0.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ONIT
1
CALL
Onity Group
ONIT
$291M
| $83.7M | 25.95% |
+100,000
| New | +$75.5M |
|
|
2
Genworth Financial
GNW
$3.94B
| $57.3M | 17.77% |
4,474,071
+1,300,012
| +41% | +$16.3M |
|
|
WLH
3
DELISTED
WILLIAM LYON HOMES
WLH
| $24.1M | 7.47% |
1,184,171
+100,051
| +9% | +$2.21M |
|
4
PUT
iShares MSCI Emerging Markets ETF
EEM
$32B
| $20.4M | 6.32% |
+500,000
| New | +$19.8M |
|
|
ONIT
5
Onity Group
ONIT
$291M
| $16.7M | 5.19% |
+20,000
| New | +$15.1M |
|
|
GM.WS.B
6
DELISTED
General Motors Company
GM.WS.B
| $16.4M | 5.08% |
880,700
+199,000
| +29% | +$3.72M |
|
|
KMI.WS
7
DELISTED
Kinder Morgan Inc
KMI.WS
| $15.8M | 4.91% |
3,183,597
+932,493
| +41% | +$4.91M |
|
|
8
CALL
Genworth Financial
GNW
$3.94B
| $15.4M | 4.78% |
1,204,700
-500,000
| -29% | -$6.27M |
|
9
CALL
Southwest Airlines
LUV
$18.9B
| $14.6M | 4.52% |
1,000,000
| – | – |
|
10
CALL
SPDR Gold Trust
GLD
$148B
| $12.8M | 3.98% |
100,000
| – | – |
|
|
DYN.WS
11
DELISTED
Dynegy Inc,
DYN.WS
| $5.79M | 1.8% |
4,286,498
+788,952
| +23% | +$1.28M |
|
12
CALL
Blackstone
BX
$101B
| $4.98M | 1.54% |
+203,800
| New | +$4.54M |
|
|
BALT
13
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $3.06M | 0.95% |
625,000
| – | – |
|
14
NatWest
NWG
$74.1B
| $2.9M | 0.9% |
232,143
| – | – |
|
|
DELL
15
DELISTED
DELL INC
DELL
| $2.75M | 0.85% |
+200,000
| New | +$2.71M |
|
16
Valero Energy
VLO
$110B
| $1.77M | 0.55% |
+51,811
| New | +$1.83M |
|
|
GM.WS.C
17
DELISTED
GENERAL MTRS CO WTS EXP 12/31/15 (DE)
GM.WS.C
| $973K | 0.3% |
+243,300
| New | +$969K |
|
|
18
CALL
American International
AIG
$39B
| – | – |
-200,000
| Closed | -$8.94M |
|
|
19
American International
AIG
$39B
| – | – |
-780,000
| Closed | -$34.9M |
|
20
Blackstone Mortgage Trust
BXMT
$2.34B
| – | – |
-67,908
| Closed | -$1.68M |
|
|
21
Diana Shipping
DSX
$368M
| – | – |
-625,188
| Closed | -$4.39M |
|
22
PUT
VanEck Gold Miners ETF
GDX
$29.9B
| – | – |
-600,000
| Closed | -$14.7M |
|
|
23
General Motors
GM
$75.3B
| – | – |
-119,300
| Closed | -$3.97M |
|
|
24
CALL
MGM Resorts International
MGM
$10.2B
| – | – |
-1,310,000
| Closed | -$19.4M |
|
|
25
MGM Resorts International
MGM
$10.2B
| – | – |
-500,300
| Closed | -$7.39M |
|
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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 $32M 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 Miscellaneous at 67% of assets, up from 60% a quarter earlier, followed by Financials and Consumer Discretionary.
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.