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PRCM
Pine River Capital Management Portfolio holdings
AUM
$32.9M
1-Year Est. Return
4.47%
This Fund
S&P 500
This Quarter
Est. Return
+3.17%
1 Year Est. Return
+4.47%
3 Year Est. Return
+108.42%
5 Year Est. Return
+124.09%
10 Year Est. Return
–
AUM
$6.6B
AUM Growth
-$1.61B
(-20%)
Cap. Flow
-$2.35B
Cap. Flow
% of AUM
-35.63%
Top 10 Holdings %
Top 10 Hldgs %
25.99%
Holding
875
New
225
Increased
90
Reduced
183
Closed
289
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$121M |
| 2 |
Intuitive Surgical
ISRG
|
+$113M |
| 3 |
Lincoln National
LNC
|
+$39.1M |
| 4 |
Verizon
VZ
|
+$38.5M |
| 5 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$37.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GM.WS.B
General Motors Company
GM.WS.B
|
+$262M |
| 2 |
AGNC Investment
AGNC
|
+$222M |
| 3 |
Annaly Capital Management
NLY
|
+$169M |
| 4 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$97.4M |
| 5 |
GM.WS.A
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
|
+$95.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.47% |
| 2 | Healthcare | 6.36% |
| 3 | Technology | 5.44% |
| 4 | Energy | 4.49% |
| 5 | Real Estate | 4.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $323M | 4.89% |
+3,420,000
| New | +$321M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $314M | 4.76% |
1,680,000
+909,100
| +118% | +$167M |
|
|
3
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $189M | 2.86% |
+2,000,000
| New | +$188M |
|
|
ACAS
4
DELISTED
American Capital Ltd
ACAS
| $159M | 2.4% |
10,038,569
-3,294,075
| -25% | -$50.8M |
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $123M | 1.87% |
+660,096
| New | +$121M |
|
6
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $123M | 1.86% |
6,269,518
+2,359,172
| +60% | +$45M |
|
|
7
Intuitive Surgical
ISRG
$121B
| $116M | 1.77% |
+2,392,353
| New | +$113M |
|
|
SWY
8
CALL
DELISTED
SAFEWAY INC
SWY
| $105M | 1.59% |
+3,174,067
| New | +$98.5M |
|
|
9
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $93.5M | 1.42% |
500,000
-1,300,900
| -72% | -$239M |
|
|
10
AGNC Investment
AGNC
$12.3B
| $90.9M | 1.38% |
4,229,489
-10,313,336
| -71% | -$222M |
|
11
iShares MSCI EAFE ETF
EFA
$76.4B
| $71.6M | 1.09% |
1,065,270
+103,100
| +11% | +$6.81M |
|
|
12
CALL
iShares MSCI EAFE ETF
EFA
$76.4B
| $67.2M | 1.02% |
1,000,000
+610,200
| +157% | +$40.3M |
|
|
13
CALL
Intuitive Surgical
ISRG
$121B
| $59.2M | 0.9% |
+1,216,800
| New | +$57.3M |
|
14
CALL
SiriusXM
SIRI
$10B
| $55.4M | 0.84% |
+1,730,000
| New | +$61.2M |
|
|
APC
15
DELISTED
Anadarko Petroleum
APC
| $53.5M | 0.81% |
631,300
+274,911
| +77% | +$22.5M |
|
16
Visa
V
$677B
| $51.9M | 0.79% |
962,536
+115,756
| +14% | +$6.43M |
|
17
American International
AIG
$41.9B
| $48.2M | 0.73% |
964,048
-150,665
| -14% | -$7.49M |
|
18
CALL
Johnson & Johnson
JNJ
$634B
| $46.7M | 0.71% |
475,200
+68,200
| +17% | +$6.32M |
|
|
EMC
19
DELISTED
EMC CORPORATION
EMC
| $44.5M | 0.67% |
1,622,978
+1,227,676
| +311% | +$31.9M |
|
|
20
Verizon
VZ
$194B
| $42.9M | 0.65% |
902,640
+813,902
| +917% | +$38.5M |
|
21
CALL
ExxonMobil
XOM
$651B
| $40.7M | 0.62% |
416,600
-99,300
| -19% | -$9.47M |
|
|
WAC
22
DELISTED
Walter Investment Mgt Corp
WAC
| $40.4M | 0.61% |
1,355,392
-1,083,308
| -44% | -$32.5M |
|
23
CALL
Boeing
BA
$165B
| $39.5M | 0.6% |
315,100
-12,600
| -4% | -$1.64M |
|
|
24
Lincoln National
LNC
$7.91B
| $39.4M | 0.6% |
+778,083
| New | +$39.1M |
|
|
PAY
25
DELISTED
Verifone Systems Inc
PAY
| $38M | 0.58% |
+1,123,582
| New | +$33.3M |
|
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Pine River Capital Management's Q1 2014 Portfolio in Review
As of Q1 2014, Pine River Capital Management held 875 positions worth $6.6B, down 20% from $8.21B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Pine River Capital Management withdrew a net $2.35B in Q1 2014, closing 289 positions and reducing 183 holdings. Its most notable exit was Annaly Capital Management, an estimated $169M position sold in full.
By sector, the portfolio is most concentrated in Financials at 8.5% of assets, down from 9.2% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Pine River Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $123M.
- Pine River Capital Management's largest Q1 2014 buy was State Street SPDR S&P 500 ETF Trust: 660,096 shares worth $123M.
- Pine River Capital Management added most to Verizon in Q1 2014, an estimated $38.5M increase.
- Pine River Capital Management's biggest Q1 2014 reduction was General Motors Company, cutting an estimated $262M.
- Pine River Capital Management fully exited Annaly Capital Management in Q1 2014, selling an estimated $169M.
- Pine River Capital Management's ten largest holdings make up 26% of its $6.6B portfolio in Q1 2014.
- Pine River Capital Management opened 225 new positions and closed 289 in Q1 2014.
- Pine River Capital Management's portfolio value fell 20% quarter-over-quarter to $6.6B.
Based on Pine River Capital Management's 13F filing for Q1 2014, filed 15 May 2014.