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SAM
Serengeti Asset Management Portfolio holdings
AUM
$31.8M
1-Year Est. Return
23.16%
This Fund
S&P 500
This Quarter
Est. Return
+9.98%
1 Year Est. Return
-23.16%
3 Year Est. Return
+14.91%
5 Year Est. Return
-9.16%
10 Year Est. Return
–
AUM
$798M
AUM Growth
-$170M
(-18%)
Cap. Flow
-$91M
Cap. Flow
% of AUM
-11.41%
Top 10 Holdings %
Top 10 Hldgs %
62.59%
Holding
60
New
16
Increased
4
Reduced
20
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GRA
W.R. Grace & Co.
GRA
|
+$27.8M |
| 2 |
American Homes 4 Rent
AMH
|
+$18.3M |
| 3 |
JCP
J.C. Penney Company, Inc.
JCP
|
+$15.8M |
| 4 |
EXXI
ENERGY XXI LTD COM SHS
EXXI
|
+$8.05M |
| 5 |
Williams Companies
WMB
|
+$7.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RKT
ROCK-TENN COMPANY CL-A
RKT
|
+$20M |
| 2 |
ONIT
Onity Group
ONIT
|
+$12.4M |
| 3 |
NE
Noble Corporation
NE
|
+$12.1M |
| 4 |
Apollo Global Management
APO
|
+$11.8M |
| 5 |
KKR & Co
KKR
|
+$11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.64% |
| 2 | Energy | 6.62% |
| 3 | Consumer Discretionary | 5.25% |
| 4 | Real Estate | 3.83% |
| 5 | Healthcare | 2.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Oracle
ORCL
$423B
| – | – |
-100,000
| Closed | -$3.07M |
|
52
PennyMac Financial
PFSI
$4.02B
| – | – |
-300,000
| Closed | -$6.38M |
|
53
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.9B
| – | – |
-50,000
| Closed | -$5.52M |
|
|
ONIT
54
Onity Group
ONIT
$332M
| – | – |
-20,000
| Closed | -$12.4M |
|
|
SCU
55
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| – | – |
-30,000
| Closed | -$3.13M |
|
|
NUAN
56
PUT
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-1,155,000
| Closed | -$18.4M |
|
|
NE
57
PUT
DELISTED
Noble Corporation
NE
| – | – |
-286,000
| Closed | -$9.39M |
|
|
AXLL
58
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| – | – |
-145,000
| Closed | -$6.17M |
|
|
RKT
59
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| – | – |
-400,000
| Closed | -$20M |
|
|
TIVO
60
DELISTED
TIVO INC
TIVO
| – | – |
-500,000
| Closed | -$5.53M |
|
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Serengeti Asset Management's Q3 2013 Portfolio in Review
As of Q3 2013, Serengeti Asset Management held 60 positions worth $798M, down 18% from $967M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Serengeti Asset Management withdrew a net $91M in Q3 2013, closing 20 positions and reducing 20 holdings. Its most notable exit was ROCK-TENN COMPANY CL-A, an estimated $20M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 19% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Serengeti Asset Management opened a new position in W.R. Grace & Co. worth $29.3M.
- Serengeti Asset Management's largest Q3 2013 buy was W.R. Grace & Co.: 335,000 shares worth $29.3M.
- Serengeti Asset Management added most to ENERGY XXI LTD COM SHS in Q3 2013, an estimated $8.05M increase.
- Serengeti Asset Management's biggest Q3 2013 reduction was Noble Corporation, cutting an estimated $12.1M.
- Serengeti Asset Management fully exited ROCK-TENN COMPANY CL-A in Q3 2013, selling an estimated $20M.
- Serengeti Asset Management's ten largest holdings make up 63% of its $798M portfolio in Q3 2013.
- Serengeti Asset Management opened 16 new positions and closed 20 in Q3 2013.
- Serengeti Asset Management's portfolio value fell 18% quarter-over-quarter to $798M.
Based on Serengeti Asset Management's 13F filing for Q3 2013, filed 14 Nov 2013.