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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
-0.12%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$345M
AUM Growth
-$900M
(-72%)
Cap. Flow
-$951M
Cap. Flow
% of AUM
-275.4%
Top 10 Holdings %
Top 10 Hldgs %
98.44%
Holding
18
New
3
Increased
4
Reduced
2
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$46.1M |
| 2 |
TSG
The Stars Group Inc.
TSG
|
+$41.9M |
| 3 |
BWP
Boardwalk Pipeline Partners
BWP
|
+$12.6M |
| 4 |
CLNY
Colony Capital, Inc.
CLNY
|
+$7.54M |
| 5 |
Boyd Gaming
BYD
|
+$3.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KMI.WS
Kinder Morgan Inc
KMI.WS
|
+$28M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$25.2M |
| 3 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$19.3M |
| 4 |
Globalstar
GSAT
|
+$12.9M |
| 5 |
Antero Resources
AR
|
+$3.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 13.76% |
| 2 | Industrials | 12.91% |
| 3 | Consumer Discretionary | 9.74% |
| 4 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Blackstone
BX
$155B
| $81.7M | 23.66% |
2,038,000
+1,019,000
| +100% | +$41.9M |
|
|
2
AerCap
AER
$23.2B
| $44.6M | 12.91% |
+973,727
| New | +$46.1M |
|
|
TSG
3
DELISTED
The Stars Group Inc.
TSG
| $42.5M | 12.29% |
+1,550,000
| New | +$41.9M |
|
|
DISH
4
CALL
DELISTED
DISH Network Corp.
DISH
| $33.9M | 9.8% |
500,000
| – | – |
|
|
5
Boyd Gaming
BYD
$6.52B
| $33.6M | 9.74% |
2,250,000
+250,000
| +13% | +$3.53M |
|
|
BWP
6
DELISTED
Boardwalk Pipeline Partners
BWP
| $17M | 4.93% |
1,172,678
+775,694
| +195% | +$12.6M |
|
|
7
CALL
AerCap
AER
$23.2B
| $9.16M | 2.65% |
+200,000
| New | +$9.48M |
|
|
CLNY
8
DELISTED
Colony Capital, Inc.
CLNY
| $8.08M | 2.34% |
356,700
+296,700
| +495% | +$7.54M |
|
|
KMI.WS
9
DELISTED
Kinder Morgan Inc
KMI.WS
| $5.57M | 1.61% |
2,064,400
-6,851,147
| -77% | -$28M |
|
|
10
Globalstar
GSAT
$10.2B
| $5.06M | 1.47% |
160,000
-330,656
| -67% | -$12.9M |
|
|
NEPT
11
DELISTED
Neptune Wellness Solutions Inc. Ordinary Shares
NEPT
| $323K | 0.09% |
179
| – | – |
|
|
12
Antero Resources
AR
$10.4B
| – | – |
-105,000
| Closed | -$3.71M |
|
|
13
WisdomTree Japan Hedged Equity Fund
DXJ
$7.05B
| – | – |
-350,000
| Closed | -$19.3M |
|
14
CALL
Invesco QQQ Trust
QQQ
$466B
| – | – |
-8,200,000
| Closed | -$866M |
|
15
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| – | – |
-400,000
| Closed | -$82.6M |
|
|
RSX
16
CALL
DELISTED
VanEck Russia ETF
RSX
| – | – |
-1,000,000
| Closed | -$17M |
|
|
DISH
17
DELISTED
DISH Network Corp.
DISH
| – | – |
-360,000
| Closed | -$25.2M |
|
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Panning Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Panning Capital Management held 18 positions worth $345M, down 72% from $1.25B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Panning Capital Management withdrew a net $951M in Q2 2015, closing 6 positions and reducing 2 holdings. Its most notable exit was DISH Network Corp., an estimated $25.2M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 14% of assets, up from 4% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Panning Capital Management opened a new position in AerCap worth $44.6M.
- Panning Capital Management's largest Q2 2015 buy was AerCap: 973,727 shares worth $44.6M.
- Panning Capital Management added most to Boardwalk Pipeline Partners in Q2 2015, an estimated $12.6M increase.
- Panning Capital Management's biggest Q2 2015 reduction was Kinder Morgan Inc, cutting an estimated $28M.
- Panning Capital Management fully exited DISH Network Corp. in Q2 2015, selling an estimated $25.2M.
- Panning Capital Management's ten largest holdings make up 98% of its $345M portfolio in Q2 2015.
- Panning Capital Management opened 3 new positions and closed 6 in Q2 2015.
- Panning Capital Management's portfolio value fell 72% quarter-over-quarter to $345M.
Based on Panning Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.