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PCM
Proxima Capital Management Portfolio holdings
AUM
$21M
1-Year Est. Return
3.49%
This Fund
S&P 500
This Quarter
Est. Return
+7.91%
1 Year Est. Return
-3.49%
3 Year Est. Return
-20.75%
5 Year Est. Return
+29.82%
10 Year Est. Return
–
AUM
$445M
AUM Growth
-$31.9M
(-6.7%)
Cap. Flow
-$58.8M
Cap. Flow
% of AUM
-13.21%
Top 10 Holdings %
Top 10 Hldgs %
54.62%
Holding
52
New
9
Increased
16
Reduced
8
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tenet Healthcare
THC
|
+$14.4M |
| 2 |
Ralph Lauren
RL
|
+$13.8M |
| 3 |
MBIA
MBI
|
+$12.7M |
| 4 |
International Paper
IP
|
+$12.6M |
| 5 |
MCP
MOLYCORP INC COM STK
MCP
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Xerox
XRX
|
+$39.9M |
| 2 |
ONXX
ONYX PHARMACEUTICALS INC
ONXX
|
+$22.3M |
| 3 |
AVTA
Avantax, Inc. Common Stock
AVTA
|
+$13.3M |
| 4 |
Transocean
RIG
|
+$11.2M |
| 5 |
DOLE
DOLE FOOD CO INC NEW CMN STK (DE)
DOLE
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.32% |
| 2 | Consumer Discretionary | 18.51% |
| 3 | Materials | 15.68% |
| 4 | Financials | 13.27% |
| 5 | Industrials | 12.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Qualcomm
QCOM
$170B
| $6.76M | 1.52% |
91,000
+11,000
| +14% | +$776K |
|
27
Group 1 Automotive
GPI
$4.32B
| $6.57M | 1.48% |
+92,461
| New | +$6.3M |
|
|
LORL
28
DELISTED
Loral Space and Communications, Inc.
LORL
| $5.71M | 1.28% |
70,538
+15,474
| +28% | +$1.13M |
|
|
LEAF
29
DELISTED
Leaf Group Ltd.
LEAF
| $5.68M | 1.28% |
496,440
+105,067
| +27% | +$1.13M |
|
30
United Airlines
UAL
$39.4B
| $5.49M | 1.23% |
145,000
-5,000
| -3% | -$175K |
|
|
VRNT
31
DELISTED
Verint Systems
VRNT
| $5.22M | 1.17% |
238,809
| – | – |
|
|
SQNM
32
DELISTED
SEQUENOM INC NEW
SQNM
| $5.18M | 1.16% |
2,211,876
+647,876
| +41% | +$1.54M |
|
|
CIE
33
DELISTED
Cobalt International Energy, Inc
CIE
| $4.89M | 1.1% |
+19,825
| New | +$6.2M |
|
|
CALY
34
Callaway Golf Company
CALY
$3.28B
| $3.92M | 0.88% |
465,022
-610,000
| -57% | -$4.84M |
|
|
FST
35
DELISTED
FOREST OIL CORPORATION
FST
| $3.24M | 0.73% |
897,000
-185,800
| -17% | -$842K |
|
|
MESG
36
DELISTED
XURA INC COM (DE)
MESG
| $3.04M | 0.68% |
78,392
-134,587
| -63% | -$4.54M |
|
37
Liberty Global Class C
LBTYK
$3.46B
| $2.95M | 0.66% |
+86,527
| New | +$2.7M |
|
38
Brunswick
BC
$5.32B
| – | – |
-189,600
| Closed | -$7.57M |
|
39
HP
HPQ
$25.8B
| – | – |
-242,220
| Closed | -$2.31M |
|
|
PPLI
40
People Inc
PPLI
$3.16B
| – | – |
-889,670
| Closed | -$8.69M |
|
41
PUT
iShares Russell 2000 ETF
IWM
$80B
| – | – |
-300,000
| Closed | -$32M |
|
42
Nokia
NOK
$48.1B
| – | – |
-650,000
| Closed | -$4.23M |
|
|
43
Transocean
RIG
$5.52B
| – | – |
-251,400
| Closed | -$11.2M |
|
44
STMicroelectronics
STM
$43.9B
| – | – |
-410,115
| Closed | -$3.77M |
|
|
45
Xerox
XRX
$356M
| – | – |
-1,472,460
| Closed | -$39.9M |
|
|
AVTA
46
DELISTED
Avantax, Inc. Common Stock
AVTA
| – | – |
-577,974
| Closed | -$13.3M |
|
|
JCP
47
DELISTED
J.C. Penney Company, Inc.
JCP
| – | – |
-191,000
| Closed | -$1.68M |
|
|
COWN
48
DELISTED
Cowen Inc. Class A Common Stock
COWN
| – | – |
-27,581
| Closed | -$380K |
|
|
AUXL
49
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| – | – |
-355,722
| Closed | -$6.47M |
|
|
LCC
50
DELISTED
US AIRWAYS GROUP INC.
LCC
| – | – |
-359,340
| Closed | -$6.81M |
|
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Proxima Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Proxima Capital Management held 52 positions worth $445M, down 6.7% from $477M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Proxima Capital Management withdrew a net $58.8M in Q4 2013, closing 15 positions and reducing 8 holdings. Its most notable exit was Xerox, an estimated $39.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Proxima Capital Management opened a new position in Tenet Healthcare worth $13.9M.
- Proxima Capital Management's largest Q4 2013 buy was Tenet Healthcare: 330,000 shares worth $13.9M.
- Proxima Capital Management added most to MBIA in Q4 2013, an estimated $12.7M increase.
- Proxima Capital Management's biggest Q4 2013 reduction was Callaway Golf Company, cutting an estimated $4.84M.
- Proxima Capital Management fully exited Xerox in Q4 2013, selling an estimated $39.9M.
- Proxima Capital Management's ten largest holdings make up 55% of its $445M portfolio in Q4 2013.
- Proxima Capital Management opened 9 new positions and closed 15 in Q4 2013.
- Proxima Capital Management's portfolio value fell 6.7% quarter-over-quarter to $445M.
Based on Proxima Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.