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PCM
Panning Capital Management Portfolio holdings
AUM
$97.5M
1-Year Est. Return
302.5%
This Fund
S&P 500
This Quarter
Est. Return
-1.63%
1 Year Est. Return
+302.5%
3 Year Est. Return
+348.92%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$176M
AUM Growth
-$463M
(-72%)
Cap. Flow
-$518M
Cap. Flow
% of AUM
-294.58%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
18
New
4
Increased
–
Reduced
2
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$35.4M |
| 2 |
KMI.WS
Kinder Morgan Inc
KMI.WS
|
+$478K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BWP
Boardwalk Pipeline Partners
BWP
|
+$12.4M |
| 2 |
TSG
The Stars Group Inc.
TSG
|
+$9.14M |
| 3 |
Credit Acceptance
CACC
|
+$5.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0% |
| 2 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Blackrock
BLK
$164B
| $68.1M | 38.71% |
+200,000
| New | +$68M |
|
|
2
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| $33.9M | 19.28% |
+333,333
| New | +$35.4M |
|
3
CALL
Blackstone
BX
$104B
| $8.77M | 4.99% |
300,000
-5,700
| -2% | -$182K |
|
|
WDR
4
PUT
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $5.73M | 3.26% |
+200,000
| New | +$6.87M |
|
|
BWP
5
DELISTED
Boardwalk Pipeline Partners
BWP
| $1.92M | 1.09% |
148,031
-1,000,000
| -87% | -$12.4M |
|
|
KMI.WS
6
DELISTED
Kinder Morgan Inc
KMI.WS
| $60K | 0.03% |
+1,000,000
| New | +$478K |
|
7
PUT
Ally Financial
ALLY
$13.1B
| – | – |
-500,000
| Closed | -$10.2M |
|
8
PUT
Amazon
AMZN
$2.5T
| – | – |
-4,000,000
| Closed | -$102M |
|
|
9
Credit Acceptance
CACC
$6B
| – | – |
-27,300
| Closed | -$5.38M |
|
|
10
PUT
Credit Acceptance
CACC
$6B
| – | – |
-70,000
| Closed | -$13.8M |
|
|
HAPN
11
PUT
Happen Inc
HAPN
$2.08B
| – | – |
-100,000
| Closed | -$6.62M |
|
12
PUT
Navient
NAVI
$774M
| – | – |
-900,000
| Closed | -$10.1M |
|
13
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| – | – |
-1,600,000
| Closed | -$307M |
|
14
PUT
Tesla
TSLA
$1.24T
| – | – |
-4,500,000
| Closed | -$74.5M |
|
|
TWTR
15
CALL
DELISTED
Twitter, Inc.
TWTR
| – | – |
-100,000
| Closed | -$2.69M |
|
|
TSG
16
DELISTED
The Stars Group Inc.
TSG
| – | – |
-500,000
| Closed | -$9.14M |
|
|
OKS
17
PUT
DELISTED
Oneok Partners LP
OKS
| – | – |
-500,000
| Closed | -$14.6M |
|
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Panning Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Panning Capital Management held 18 positions worth $176M, down 72% from $639M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Panning Capital Management withdrew a net $518M in Q4 2015, closing 11 positions and reducing 2 holdings. Its most notable exit was The Stars Group Inc., an estimated $9.14M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 1.4% a quarter earlier, followed by Financials.
Against the trend, Panning Capital Management opened a new position in State Street SPDR Bloomberg High Yield Bond ETF worth $33.9M.
- Panning Capital Management's largest Q4 2015 buy was State Street SPDR Bloomberg High Yield Bond ETF: 333,333 shares worth $33.9M.
- Panning Capital Management's biggest Q4 2015 reduction was Boardwalk Pipeline Partners, cutting an estimated $12.4M.
- Panning Capital Management fully exited The Stars Group Inc. in Q4 2015, selling an estimated $9.14M.
- Panning Capital Management's ten largest holdings make up 100% of its $176M portfolio in Q4 2015.
- Panning Capital Management opened 4 new positions and closed 11 in Q4 2015.
- Panning Capital Management's portfolio value fell 72% quarter-over-quarter to $176M.
Based on Panning Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.