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TCM
Tegean Capital Management Portfolio holdings
AUM
$82.1M
1-Year Est. Return
12.91%
This Fund
S&P 500
This Quarter
Est. Return
+2.12%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$152M
AUM Growth
+$20.9M
(+16%)
Cap. Flow
+$33M
Cap. Flow
% of AUM
21.73%
Top 10 Holdings %
Top 10 Hldgs %
81.36%
Holding
18
New
4
Increased
4
Reduced
1
Closed
4
Avg Time Held Equity + Options
0.7
quarters
Top 10 Avg Time Held Equity + Options
0.7
quarters
Top 20 Avg Time Held Equity + Options
0.7
quarters
Avg Time Held Equity only
0.7
quarters
Top 10 Avg Time Held Equity only
0.8
quarters
Top 20 Avg Time Held Equity only
0.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Capital
ARCC
|
+$10.5M |
| 2 |
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$9.79M |
| 3 |
PIMCO Dynamic Income Fund
PDI
|
+$9.01M |
| 4 |
Apple
AAPL
|
+$6.96M |
| 5 |
MetLife
MET
|
+$3.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL INC
DELL
|
+$6.66M |
| 2 |
Chimera Investment
CIM
|
+$2.8M |
| 3 |
Morgan Stanley
MS
|
+$1.34M |
| 4 |
Synovus
SNV
|
+$826K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 75.91% |
| 2 | Miscellaneous | 12.68% |
| 3 | Real Estate | 6.69% |
| 4 | Technology | 4.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Capital One
COF
$123B
| $16.5M | 10.87% |
240,000
| – | – |
2013 Q2
1 quarter
|
|
2
American International
AIG
$40.6B
| $15.8M | 10.41% |
325,000
| – | – |
2013 Q2
1 quarter
|
|
3
Goldman Sachs
GS
$260B
| $14.2M | 9.38% |
90,000
| – | – |
2013 Q2
1 quarter
|
|
4
Assured Guaranty
AGO
$3.06B
| $14.1M | 9.27% |
750,000
+75,000
| +11% | +$1.59M |
2013 Q2
1 quarter
|
|
5
Citigroup
C
$221B
| $12.6M | 8.31% |
260,000
+35,000
| +16% | +$1.77M |
2013 Q2
1 quarter
|
|
|
6
Ares Capital
ARCC
$13.4B
| $10.4M | 6.83% |
+600,000
| New | +$10.5M |
2013 Q3
0 quarters
|
|
7
JPMorgan Chase
JPM
$889B
| $10.3M | 6.81% |
200,000
| – | – |
2013 Q2
1 quarter
|
|
8
AGNC Investment
AGNC
$10.3B
| $10.2M | 6.69% |
450,000
+50,000
| +13% | +$1.13M |
2013 Q2
1 quarter
|
|
|
9
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $10M | 6.6% |
+450,000
| New | +$9.79M |
2013 Q3
0 quarters
|
|
|
10
MetLife
MET
$63.5B
| $9.39M | 6.19% |
224,400
+89,760
| +67% | +$3.87M |
2013 Q2
1 quarter
|
|
|
11
PIMCO Dynamic Income Fund
PDI
$6.87B
| $9.23M | 6.08% |
+321,811
| New | +$9.01M |
2013 Q3
0 quarters
|
|
|
12
Apple
AAPL
$4.97T
| $7.15M | 4.71% |
+420,000
| New | +$6.96M |
2013 Q3
0 quarters
|
|
|
13
Morgan Stanley
MS
$298B
| $6.74M | 4.44% |
250,000
-50,000
| -17% | -$1.34M |
2013 Q2
1 quarter
|
|
14
Wells Fargo
WFC
$251B
| $5.17M | 3.4% |
125,000
| – | – |
2013 Q2
1 quarter
|
|
|
15
Chimera Investment
CIM
$736M
| – | – |
-62,270
| Closed | -$2.8M | – |
|
16
CALL
iShares Silver Trust
SLV
$29.3B
| – | – |
-734,300
| Closed | -$13.9M | – |
|
|
17
DELISTED
Synovus
SNV
| – | – |
-40,410
| Closed | -$826K | – |
|
|
18
DELISTED
DELL INC
DELL
| – | – |
-500,000
| Closed | -$6.66M | – |
|
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Tegean Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Tegean Capital Management held 18 positions worth $152M, up 16% from $131M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Tegean Capital Management deployed $33M of net new capital in Q3 2013, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Ares Capital: 600,000 shares worth $10.4M.
By sector, the portfolio is most concentrated in Financials at 76% of assets, up from 75% a quarter earlier, followed by Miscellaneous and Real Estate.
On the sell side, the largest reduction was Morgan Stanley, an estimated $1.34M trimmed.
- Tegean Capital Management's largest Q3 2013 buy was Ares Capital: 600,000 shares worth $10.4M.
- Tegean Capital Management added most to MetLife in Q3 2013, an estimated $3.87M increase.
- Tegean Capital Management's biggest Q3 2013 reduction was Morgan Stanley, cutting an estimated $1.34M.
- Tegean Capital Management fully exited DELL INC in Q3 2013, selling an estimated $6.66M.
- Tegean Capital Management's ten largest holdings make up 81% of its $152M portfolio in Q3 2013.
- Tegean Capital Management opened 4 new positions and closed 4 in Q3 2013.
- Tegean Capital Management's portfolio value rose 16% quarter-over-quarter to $152M.
Based on Tegean Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.