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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
+17.38%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$421M
AUM Growth
+$177M
(+73%)
Cap. Flow
+$140M
Cap. Flow
% of AUM
33.18%
Top 10 Holdings %
Top 10 Hldgs %
96.56%
Holding
16
New
5
Increased
4
Reduced
2
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$38.9M |
| 2 |
NEE.PRP
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
|
+$35.7M |
| 3 |
BALT
BALTIC TRADING LIMITED COMMON STOCK
BALT
|
+$30.7M |
| 4 |
MGIC Investment
MTG
|
+$29.7M |
| 5 |
Antero Resources
AR
|
+$27.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Genworth Financial
GNW
|
+$78.2M |
| 2 |
American Airlines Group
AAL
|
+$12.3M |
| 3 |
DYN.WS
Dynegy Inc,
DYN.WS
|
+$7.73M |
| 4 |
GM.WS.B
General Motors Company
GM.WS.B
|
+$1.75M |
| 5 |
Navigator Holdings
NVGS
|
+$416K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 20.79% |
| 2 | Industrials | 10.33% |
| 3 | Utilities | 9.73% |
| 4 | Financials | 7.49% |
| 5 | Communication Services | 6.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
NextEra Energy
NEE
$185B
| $103M | 24.45% |
4,020,000
+2,020,000
| +101% | +$49.1M |
|
|
2
Navigator Holdings
NVGS
$1.28B
| $59M | 14.01% |
2,009,264
-15,736
| -0.8% | -$416K |
|
|
NEE.PRP
3
DELISTED
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
| $45.7M | 10.84% |
800,000
+641,100
| +403% | +$35.7M |
|
|
BALT
4
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $43.5M | 10.33% |
7,281,018
+4,855,018
| +200% | +$30.7M |
|
|
5
NextEra Energy
NEE
$185B
| $41M | 9.73% |
+1,600,000
| New | +$38.9M |
|
|
6
MGIC Investment
MTG
$6.23B
| $31.6M | 7.49% |
+3,417,189
| New | +$29.7M |
|
|
7
Antero Resources
AR
$10.4B
| $28.5M | 6.78% |
+435,000
| New | +$27.6M |
|
8
Globalstar
GSAT
$10.2B
| $27.4M | 6.49% |
+429,160
| New | +$22M |
|
9
General Motors
GM
$68.6B
| $14.5M | 3.45% |
+400,000
| New | +$13.9M |
|
|
KMI.WS
10
DELISTED
Kinder Morgan Inc
KMI.WS
| $12.6M | 2.98% |
4,522,697
+829,100
| +22% | +$1.84M |
|
|
DYN.WS
11
DELISTED
Dynegy Inc,
DYN.WS
| $8.96M | 2.13% |
2,000,000
-2,300,398
| -53% | -$7.73M |
|
|
BWP
12
DELISTED
Boardwalk Pipeline Partners
BWP
| $5.55M | 1.32% |
300,000
| – | – |
|
|
13
American Airlines Group
AAL
$9.91B
| – | – |
-336,997
| Closed | -$12.3M |
|
|
14
Genworth Financial
GNW
$3.86B
| – | – |
-4,412,365
| Closed | -$78.2M |
|
|
GM.WS.B
15
DELISTED
General Motors Company
GM.WS.B
| – | – |
-100,681
| Closed | -$1.75M |
|
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Panning Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Panning Capital Management held 16 positions worth $421M, up 73% from $244M the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Panning Capital Management deployed $140M of net new capital in Q2 2014, opening 5 new positions and adding to 4 existing holdings. Its largest new stake was NextEra Energy: 1,600,000 shares worth $41M.
By sector, the portfolio is most concentrated in Energy at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Utilities.
On the sell side, the largest reduction was Dynegy Inc,, an estimated $7.73M trimmed.
- Panning Capital Management's largest Q2 2014 buy was NextEra Energy: 1,600,000 shares worth $41M.
- Panning Capital Management added most to NEXTERA ENERGY INC EQUITY UNIT in Q2 2014, an estimated $35.7M increase.
- Panning Capital Management's biggest Q2 2014 reduction was Dynegy Inc,, cutting an estimated $7.73M.
- Panning Capital Management fully exited Genworth Financial in Q2 2014, selling an estimated $78.2M.
- Panning Capital Management's ten largest holdings make up 97% of its $421M portfolio in Q2 2014.
- Panning Capital Management opened 5 new positions and closed 4 in Q2 2014.
- Panning Capital Management's portfolio value rose 73% quarter-over-quarter to $421M.
Based on Panning Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.