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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
ONIT
1
CALL
Onity Group
ONIT
$333M
$83.7M 25.95%
+100,000
New +$75.5M
GNW icon
2
Genworth Financial
GNW
$3.8B
$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
EEM icon
4
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
$20.4M 6.32%
+500,000
New +$19.8M
ONIT
5
Onity Group
ONIT
$333M
$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
GNW icon
8
CALL
Genworth Financial
GNW
$3.8B
$15.4M 4.78%
1,204,700
-500,000
-29% -$6.27M
LUV icon
9
CALL
Southwest Airlines
LUV
$22.1B
$14.6M 4.52%
1,000,000
– –
GLD icon
10
CALL
SPDR Gold Trust
GLD
$131B
$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
BX icon
12
CALL
Blackstone
BX
$104B
$4.98M 1.54%
+203,800
New +$4.54M
BALT
13
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
$3.06M 0.95%
625,000
– –
NWG icon
14
NatWest
NWG
$71.5B
$2.9M 0.9%
232,143
– –
DELL
15
DELISTED
DELL INC
DELL
$2.75M 0.85%
+200,000
New +$2.71M
VLO icon
16
Valero Energy
VLO
$89.8B
$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
AIG icon
18
CALL
American International
AIG
$41.9B
– –
-200,000
Closed -$8.94M
AIG icon
19
American International
AIG
$41.9B
– –
-780,000
Closed -$34.9M
BXMT icon
20
Blackstone Mortgage Trust
BXMT
$2.82B
– –
-67,908
Closed -$1.68M
DSX icon
21
Diana Shipping
DSX
$280M
– –
-625,188
Closed -$4.39M
GDX icon
22
PUT
VanEck Gold Miners ETF
GDX
$23B
– –
-600,000
Closed -$14.7M
GM icon
23
General Motors
GM
$74.7B
– –
-119,300
Closed -$3.97M
MGM icon
24
CALL
MGM Resorts International
MGM
$11.7B
– –
-1,310,000
Closed -$19.4M
MGM icon
25
MGM Resorts International
MGM
$11.7B
– –
-500,300
Closed -$7.39M
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.