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TCA
Taconic Capital Advisors Portfolio holdings
AUM
$229M
1-Year Est. Return
110.07%
This Fund
S&P 500
This Quarter
Est. Return
+20.54%
1 Year Est. Return
+110.07%
3 Year Est. Return
+248.78%
5 Year Est. Return
+339.19%
10 Year Est. Return
+1,217.17%
AUM
$1.48B
AUM Growth
-$844M
(-36%)
Cap. Flow
-$997M
Cap. Flow
% of AUM
-67.43%
Top 10 Holdings %
Top 10 Hldgs %
63.71%
Holding
208
New
32
Increased
11
Reduced
18
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$145M |
| 2 |
HES
Hess
HES
|
+$137M |
| 3 |
SPLK
Splunk Inc
SPLK
|
+$51.8M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$26.4M |
| 5 |
Valaris
VAL
|
+$15.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$451M |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$253M |
| 3 |
VMW
VMware, Inc
VMW
|
+$225M |
| 4 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$145M |
| 5 |
ABCM
Abcam PLC
ABCM
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 22.63% |
| 2 | Technology | 10.72% |
| 3 | Communication Services | 9.7% |
| 4 | Consumer Discretionary | 8.91% |
| 5 | Healthcare | 4.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
| $162M | 10.93% |
+340,000
| New | +$151M |
|
|
FYBR
2
DELISTED
Frontier Communications
FYBR
| $143M | 9.69% |
5,650,796
-241,432
| -4% | -$4.87M |
|
|
PXD
3
DELISTED
Pioneer Natural Resource Co.
PXD
| $139M | 9.39% |
+617,000
| New | +$145M |
|
|
HES
4
DELISTED
Hess
HES
| $135M | 9.12% |
+935,000
| New | +$137M |
|
|
SPLK
5
DELISTED
Splunk Inc
SPLK
| $103M | 6.98% |
677,000
+347,000
| +105% | +$51.8M |
|
6
PUT
Chevron
CVX
$383B
| $74.6M | 5.05% |
+500,000
| New | +$75.6M |
|
7
Capri Holdings
CPRI
$1.78B
| $49M | 3.31% |
975,000
+125,000
| +15% | +$6.24M |
|
|
X
8
CALL
DELISTED
US Steel
X
| $48.6M | 3.29% |
1,000,000
+900,000
| +900% | +$32.7M |
|
|
X
9
DELISTED
US Steel
X
| $48.6M | 3.29% |
1,000,000
-370,000
| -27% | -$13.5M |
|
|
WRK
10
DELISTED
WestRock Company
WRK
| $39.4M | 2.67% |
950,000
-110,000
| -10% | -$4.23M |
|
|
IMGN
11
DELISTED
Immunogen Inc
IMGN
| $39.3M | 2.66% |
+1,325,000
| New | +$26.4M |
|
|
HES
12
PUT
DELISTED
Hess
HES
| $36M | 2.44% |
+250,000
| New | +$36.6M |
|
|
13
Valaris
VAL
$5.08B
| $32.9M | 2.23% |
479,798
+229,480
| +92% | +$15.7M |
|
14
PUT
ExxonMobil
XOM
$653B
| $30M | 2.03% |
+300,000
| New | +$31.5M |
|
|
ODP
15
DELISTED
ODP
ODP
| $27.2M | 1.84% |
482,400
-71,000
| -13% | -$3.38M |
|
16
Bristow Group
VTOL
$1.32B
| $26.7M | 1.81% |
944,845
-46,987
| -5% | -$1.27M |
|
17
CALL
General Motors
GM
$81.2B
| $25.1M | 1.7% |
697,500
-800,000
| -53% | -$24.7M |
|
|
KRTX
18
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $23.7M | 1.61% |
+75,000
| New | +$14.6M |
|
19
iShares MSCI ACWI ETF
ACWI
$32.1B
| $23.1M | 1.56% |
227,000
+75,000
| +49% | +$7.18M |
|
20
Silicon Motion
SIMO
$7.03B
| $16.5M | 1.12% |
270,000
| – | – |
|
|
LSXMA
21
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $16.5M | 1.12% |
575,000
+375,000
| +188% | +$9.82M |
|
|
LSXMK
22
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $15.8M | 1.07% |
550,000
+350,000
| +175% | +$9.18M |
|
|
NETD
23
DELISTED
Nabors Energy Transition Corp II
NETD
| $15.6M | 1.06% |
1,500,000
| – | – |
|
24
CALL
Centene
CNC
$31.1B
| $14.8M | 1% |
+200,000
| New | +$14.4M |
|
|
SWAV
25
CALL
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $14.5M | 0.98% |
+76,200
| New | +$14.4M |
|
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Taconic Capital Advisors's Q4 2023 Portfolio in Review
As of Q4 2023, Taconic Capital Advisors held 208 positions worth $1.48B, down 36% from $2.32B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Taconic Capital Advisors withdrew a net $997M in Q4 2023, closing 61 positions and reducing 18 holdings. Its most notable exit was Activision Blizzard, an estimated $451M position sold in full.
By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 2.1% a quarter earlier, followed by Technology and Communication Services.
Against the trend, Taconic Capital Advisors opened a new position in Pioneer Natural Resource Co. worth $139M.
- Taconic Capital Advisors's largest Q4 2023 buy was Pioneer Natural Resource Co.: 617,000 shares worth $139M.
- Taconic Capital Advisors added most to Splunk Inc in Q4 2023, an estimated $51.8M increase.
- Taconic Capital Advisors's biggest Q4 2023 reduction was TXNM Energy Inc, cutting an estimated $24M.
- Taconic Capital Advisors fully exited Activision Blizzard in Q4 2023, selling an estimated $451M.
- Taconic Capital Advisors's ten largest holdings make up 64% of its $1.48B portfolio in Q4 2023.
- Taconic Capital Advisors opened 32 new positions and closed 61 in Q4 2023.
- Taconic Capital Advisors's portfolio value fell 36% quarter-over-quarter to $1.48B.
Based on Taconic Capital Advisors's 13F filing for Q4 2023, filed 14 Feb 2024.