We are live on ! Find out more
PCM

Panning Capital Management Portfolio holdings

AUM $97.5M
1-Year Est. Return 302.5%
This Fund
S&P 500
This Quarter Est. Return
+5.75%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$244M
AUM Growth
-$326M
Cap. Flow
-$331M
Cap. Flow %
-135.71%
Top 10 Hldgs %
99.28%
Holding
26
New
4
Increased
4
Reduced
2
Closed
15

Top Buys

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$11.5M
2
NVGS icon
Navigator Holdings
NVGS
+$10.2M
3
NEE.PRP
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
+$8.31M
4
BWP
Boardwalk Pipeline Partners
BWP
+$5.38M
5
KMI.WS
Kinder Morgan Inc
KMI.WS
+$1.29M

Top Sells

Rank Stock Value
1
ONIT
Onity Group
ONIT
+$35.2M
2
GNW icon
Genworth Financial
GNW
+$25.2M
3
GM.WS.B
General Motors Company
GM.WS.B
+$17.9M
4
HRI icon
Herc Holdings
HRI
+$8.59M
5
WLH
WILLIAM LYON HOMES
WLH
+$8.49M

Sector Composition

Rank Sector Weight
1 Financials 32.07%
2 Energy 21.58%
3 Industrials 11.33%
4 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GNW icon
1
Genworth Financial
GNW
$3.8B
$78.2M 32.07%
4,412,365
-1,568,150
-26% -$25.2M
NVGS icon
2
Navigator Holdings
NVGS
$1.34B
$52.6M 21.58%
2,025,000
+411,731
+26% +$10.2M
NEE icon
3
CALL
NextEra Energy
NEE
$187B
$47.8M 19.6%
+2,000,000
New +$45.3M
BALT
4
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
$15.3M 6.28%
2,426,000
+100,000
+4% +$634K
AAL icon
5
American Airlines Group
AAL
$9.58B
$12.3M 5.06%
+336,997
New +$11.5M
NEE.PRP
6
DELISTED
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
$8.58M 3.52%
+158,900
New +$8.31M
DYN.WS
7
DELISTED
Dynegy Inc,
DYN.WS
$7.53M 3.09%
4,300,398
+13,900
+0.3% +$19.8K
KMI.WS
8
DELISTED
Kinder Morgan Inc
KMI.WS
$6.5M 2.67%
3,693,597
+510,000
+16% +$1.29M
BWP
9
DELISTED
Boardwalk Pipeline Partners
BWP
$4.02M 1.65%
+300,000
New +$5.38M
GM.WS.B
10
DELISTED
General Motors Company
GM.WS.B
$1.75M 0.72%
100,681
-929,115
-90% -$17.9M
OSG
11
Octave Specialty Group
OSG
$252M
– –
-237,584
Closed -$5.83M
DAL icon
12
CALL
Delta Air Lines
DAL
$55.9B
– –
-500,000
Closed -$13.7M
GLD icon
13
CALL
SPDR Gold Trust
GLD
$131B
– –
-100,000
Closed -$11.6M
GM icon
14
General Motors
GM
$74.7B
– –
-142,776
Closed -$5.83M
GNW icon
15
CALL
Genworth Financial
GNW
$3.8B
– –
-1,204,700
Closed -$18.7M
HRI icon
16
Herc Holdings
HRI
$5.43B
– –
-100,000
Closed -$8.59M
UAL icon
17
CALL
United Airlines
UAL
$38.4B
– –
-200,000
Closed -$7.57M
XLK icon
18
CALL
State Street Technology Select Sector SPDR ETF
XLK
$115B
– –
-11,000,000
Closed -$197M
YPF icon
19
CALL
YPF
YPF
$20.2B
– –
-400,000
Closed -$13.2M
YPF icon
20
YPF
YPF
$20.2B
– –
-250,000
Closed -$8.24M
ONIT
21
CALL
Onity Group
ONIT
$333M
– –
-33,333
Closed -$27.7M
ONIT
22
Onity Group
ONIT
$333M
– –
-42,295
Closed -$35.2M
GM.WS.A
23
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
– –
-129,796
Closed -$4.04M
WLH
24
DELISTED
WILLIAM LYON HOMES
WLH
– –
-383,409
Closed -$8.49M

Similar funds

EDRAML
Edmond de Rothschild Asset Management (Luxembourg) Luxembourg $95.2M AUM 19.45% 1-Year Est. Return
DCMM
DG Capital Management (Massachusetts) Boston, Massachusetts $102M AUM 29.14% 1-Year Est. Return
LOT
Lombard Odier Transatlantic Montreal, Quebec, Canada $105M AUM 10.28% 1-Year Est. Return
BGA
Belmont Global Advisors Dallas, Texas $106M AUM 2.89% 1-Year Est. Return
BCCM
Blue Clay Capital Management Minneapolis, Minnesota $88.7M AUM 6.88% 1-Year Est. Return
EIAM
Equinox Institutional Asset Management Princeton, New Jersey $87.9M AUM 1.01% 1-Year Est. Return
EC
Eachwin Capital New York $108M AUM 14.45% 1-Year Est. Return
SAMNY
Samsung Asset Management (New York) New York $109M AUM 14.34% 1-Year Est. Return

Panning Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Panning Capital Management held 26 positions worth $244M, down 57% from $570M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Panning Capital Management withdrew a net $331M in Q1 2014, closing 15 positions and reducing 2 holdings. Its most notable exit was Onity Group, an estimated $35.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 23% a quarter earlier, followed by Energy and Industrials.

Against the trend, Panning Capital Management opened a new position in American Airlines Group worth $12.3M.

  • Panning Capital Management's largest Q1 2014 buy was American Airlines Group: 336,997 shares worth $12.3M.
  • Panning Capital Management added most to Navigator Holdings in Q1 2014, an estimated $10.2M increase.
  • Panning Capital Management's biggest Q1 2014 reduction was Genworth Financial, cutting an estimated $25.2M.
  • Panning Capital Management fully exited Onity Group in Q1 2014, selling an estimated $35.2M.
  • Panning Capital Management's ten largest holdings make up 99% of its $244M portfolio in Q1 2014.
  • Panning Capital Management opened 4 new positions and closed 15 in Q1 2014.
  • Panning Capital Management's portfolio value fell 57% quarter-over-quarter to $244M.

Based on Panning Capital Management's 13F filing for Q1 2014, filed 15 May 2014.