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TCA
Taconic Capital Advisors Portfolio holdings
AUM
$212M
1-Year Est. Return
100.15%
This Fund
S&P 500
This Quarter
Est. Return
+6.57%
1 Year Est. Return
+100.15%
3 Year Est. Return
+273.22%
5 Year Est. Return
+348.02%
10 Year Est. Return
+1,268.69%
AUM
$2.19B
AUM Growth
-$573M
(-21%)
Cap. Flow
-$649M
Cap. Flow
% of AUM
-29.61%
Top 10 Holdings %
Top 10 Hldgs %
63.78%
Holding
92
New
21
Increased
11
Reduced
16
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$52M |
| 2 |
Micron Technology
MU
|
+$43.5M |
| 3 |
NOV
NOV
|
+$29.7M |
| 4 |
ONXX
ONYX PHARMACEUTICALS INC
ONXX
|
+$25.3M |
| 5 |
Advance Auto Parts
AAP
|
+$23.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BP
BP
|
+$330M |
| 2 |
HES
Hess
HES
|
+$186M |
| 3 |
CIT
CIT Group Inc.
CIT
|
+$40M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$31.2M |
| 5 |
WWAV.B
THE WHITEWAVE FOODS COMPANY CLASS B COM STK
WWAV.B
|
+$30.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.57% |
| 2 | Energy | 18.11% |
| 3 | Materials | 13.27% |
| 4 | Financials | 9.66% |
| 5 | Technology | 7.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MTCN
51
DELISTED
ARCELORMITTAL 6% MANDATORILTY CONV SUB NT DUE 2016 (LUX)
MTCN
| – | – |
0
| – | – |
|
52
Mondelez International
MDLZ
$79.3B
| $3.14M | 0.14% |
100,000
-500,000
| -83% | -$15.5M |
|
|
LCC
53
CALL
DELISTED
US AIRWAYS GROUP INC.
LCC
| $2.06M | 0.09% |
1,000,000
-800,000
| -44% | -$14.2M |
|
54
CALL
Microsoft
MSFT
$3.69T
| $1.83M | 0.08% |
2,150,000
+1,000,000
| +87% | +$32.9M |
|
55
Bank of America
BAC
$416B
| $1.38M | 0.06% |
+100,000
| New | +$1.43M |
|
56
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $1.11M | 0.05% |
1,100,000
-2,700,000
| -71% | -$453M |
|
|
57
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $570K | 0.03% |
+2,860,000
| New | +$479M |
|
|
58
PUT
Bank of America
BAC
$416B
| $465K | 0.02% |
+1,000,000
| New | +$14.3M |
|
59
CALL
Check Point Software Technologies
CHKP
$14.1B
| $450K | 0.02% |
+250,000
| New | +$14M |
|
60
CALL
Assured Guaranty
AGO
$3.14B
| $411K | 0.02% |
1,100,000
+600,000
| +120% | +$12.7M |
|
61
CALL
Delta Air Lines
DAL
$51.9B
| $359K | 0.02% |
+200,000
| New | +$4.17M |
|
|
CIT
62
CALL
DELISTED
CIT Group Inc.
CIT
| $246K | 0.01% |
+300,000
| New | +$14.7M |
|
|
X
63
PUT
DELISTED
US Steel
X
| $129K | 0.01% |
400,000
| – | – |
|
|
CPN
64
CALL
DELISTED
Calpine Corporation
CPN
| $107K | ﹤0.01% |
1,074,700
| – | – |
|
65
CALL
JPMorgan Chase
JPM
$937B
| $78K | ﹤0.01% |
+500,000
| New | +$26.8M |
|
66
CALL
MBIA
MBI
$230M
| $11K | ﹤0.01% |
+200,000
| New | +$2.52M |
|
67
CALL
American International
AIG
$39.7B
| – | – |
-2,650,000
| Closed | -$5.67M |
|
|
68
CALL
BP
BP
$121B
| – | – |
-6,724,009
| Closed | -$3.27M |
|
|
69
BP
BP
$121B
| – | – |
-9,658,122
| Closed | -$330M |
|
70
CSX Corp
CSX
$90.1B
| – | – |
-600,000
| Closed | -$4.64M |
|
71
New Oriental
EDU
$8.95B
| – | – |
-500,000
| Closed | -$11.1M |
|
72
PUT
SPDR Gold Trust
GLD
$145B
| – | – |
-800,000
| Closed | -$16M |
|
|
73
CALL
General Motors
GM
$74.9B
| – | – |
-2,000,000
| Closed | -$8.1M |
|
|
HES
74
DELISTED
Hess
HES
| – | – |
-2,800,000
| Closed | -$186M |
|
75
CALL
iShares US Real Estate ETF
IYR
$4.27B
| – | – |
-400,000
| Closed | -$302K |
|
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Taconic Capital Advisors's Q3 2013 Portfolio in Review
As of Q3 2013, Taconic Capital Advisors held 92 positions worth $2.19B, down 21% from $2.76B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Taconic Capital Advisors withdrew a net $649M in Q3 2013, closing 25 positions and reducing 16 holdings. Its most notable exit was BP, an estimated $330M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 18% a quarter earlier, followed by Energy and Materials.
Against the trend, Taconic Capital Advisors opened a new position in Micron Technology worth $52.4M.
- Taconic Capital Advisors's largest Q3 2013 buy was Micron Technology: 3,000,000 shares worth $52.4M.
- Taconic Capital Advisors added most to General Motors in Q3 2013, an estimated $52M increase.
- Taconic Capital Advisors's biggest Q3 2013 reduction was CIT Group Inc., cutting an estimated $40M.
- Taconic Capital Advisors fully exited BP in Q3 2013, selling an estimated $330M.
- Taconic Capital Advisors's ten largest holdings make up 64% of its $2.19B portfolio in Q3 2013.
- Taconic Capital Advisors opened 21 new positions and closed 25 in Q3 2013.
- Taconic Capital Advisors's portfolio value fell 21% quarter-over-quarter to $2.19B.
Based on Taconic Capital Advisors's 13F filing for Q3 2013, filed 12 Nov 2013.