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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
-1.45%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$404M
AUM Growth
+$227M
(+128%)
Cap. Flow
-$28.2M
Cap. Flow
% of AUM
-6.99%
Top 10 Holdings %
Top 10 Hldgs %
95.22%
Holding
19
New
4
Increased
5
Reduced
2
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$15.5M |
| 2 |
Citigroup
C
|
+$8.8M |
| 3 |
TLMR
TALMER BANCORP INC (MI)
TLMR
|
+$5.61M |
| 4 |
Navient
NAVI
|
+$3.31M |
| 5 |
MetLife
MET
|
+$3.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$19.3M |
| 2 |
Apple
AAPL
|
+$10.7M |
| 3 |
Wells Fargo
WFC
|
+$6.28M |
| 4 |
Newmont
NEM
|
+$5.45M |
| 5 |
S
Sprint Corporation
S
|
+$1.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.52% |
| 2 | Consumer Discretionary | 4.5% |
| 3 | Materials | 0% |
| 4 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $235M | 58.19% |
+12,000
| New | +$2.28M |
|
2
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $22.7M | 5.63% |
+11,391
| New | +$222K |
|
3
JPMorgan Chase
JPM
$939B
| $19.3M | 4.78% |
335,000
| – | – |
|
4
General Motors
GM
$74.7B
| $18.1M | 4.5% |
500,000
| – | – |
|
|
5
Citigroup
C
$222B
| $17.7M | 4.38% |
375,000
+185,000
| +97% | +$8.8M |
|
6
Assured Guaranty
AGO
$3.78B
| $17.1M | 4.25% |
700,000
+50,000
| +8% | +$1.24M |
|
|
7
Bank of America
BAC
$435B
| $15.4M | 3.81% |
+1,000,000
| New | +$15.5M |
|
|
8
MetLife
MET
$61B
| $15.3M | 3.79% |
308,550
+67,320
| +28% | +$3.15M |
|
9
Goldman Sachs
GS
$313B
| $15.1M | 3.73% |
90,000
| – | – |
|
|
TLMR
10
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $8.74M | 2.17% |
634,082
+407,563
| +180% | +$5.61M |
|
11
Morgan Stanley
MS
$337B
| $8.08M | 2% |
250,000
-50,000
| -17% | -$1.54M |
|
|
SC
12
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $5.06M | 1.25% |
260,200
+60,200
| +30% | +$1.28M |
|
|
13
Navient
NAVI
$774M
| $3.54M | 0.88% |
+200,000
| New | +$3.31M |
|
|
14
Wells Fargo
WFC
$261B
| $2.63M | 0.65% |
50,000
-125,000
| -71% | -$6.28M |
|
|
15
Apple
AAPL
$4.89T
| – | – |
-560,000
| Closed | -$10.7M |
|
|
16
Capital One
COF
$124B
| – | – |
-250,000
| Closed | -$19.3M |
|
17
CALL
SPDR Gold Trust
GLD
$131B
| – | – |
-200,000
| Closed | -$24.7M |
|
|
18
Newmont
NEM
$98.2B
| – | – |
-232,400
| Closed | -$5.45M |
|
|
S
19
DELISTED
Sprint Corporation
S
| – | – |
-175,000
| Closed | -$1.61M |
|
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Tegean Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Tegean Capital Management held 19 positions worth $404M, up 128% from $177M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Tegean Capital Management withdrew a net $28.2M in Q2 2014, closing 5 positions and reducing 2 holdings. Its most notable exit was Capital One, an estimated $19.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 64% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Tegean Capital Management opened a new position in Bank of America worth $15.4M.
- Tegean Capital Management's largest Q2 2014 buy was Bank of America: 1,000,000 shares worth $15.4M.
- Tegean Capital Management added most to Citigroup in Q2 2014, an estimated $8.8M increase.
- Tegean Capital Management's biggest Q2 2014 reduction was Wells Fargo, cutting an estimated $6.28M.
- Tegean Capital Management fully exited Capital One in Q2 2014, selling an estimated $19.3M.
- Tegean Capital Management's ten largest holdings make up 95% of its $404M portfolio in Q2 2014.
- Tegean Capital Management opened 4 new positions and closed 5 in Q2 2014.
- Tegean Capital Management's portfolio value rose 128% quarter-over-quarter to $404M.
Based on Tegean Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.