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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
+4.1%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$191M
AUM Growth
-$222M
(-54%)
Cap. Flow
-$291M
Cap. Flow
% of AUM
-152.62%
Top 10 Holdings %
Top 10 Hldgs %
97.98%
Holding
22
New
5
Increased
5
Reduced
2
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MetLife
MET
|
+$2.67M |
| 2 |
AGNC Investment
AGNC
|
+$2.26M |
| 3 |
OFG Bancorp
OFG
|
+$1.54M |
| 4 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$918K |
| 5 |
JPMorgan Chase
JPM
|
+$903K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$22.4M |
| 2 |
Citigroup
C
|
+$19.4M |
| 3 |
Bank of America
BAC
|
+$17.1M |
| 4 |
Goldman Sachs
GS
|
+$13.8M |
| 5 |
Freeport-McMoran
FCX
|
+$8.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.52% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Real Estate | 1.14% |
| 4 | Materials | 0% |
| 5 | 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
$821B
| $51.4M | 26.92% |
250,000
-1,150,000
| -82% | -$231M |
|
|
2
JPMorgan Chase
JPM
$957B
| $21.9M | 11.47% |
350,000
+15,000
| +4% | +$903K |
|
|
3
MetLife
MET
$61.9B
| $21.6M | 11.34% |
448,800
+56,100
| +14% | +$2.67M |
|
|
C.WS.A
4
DELISTED
Citigroup Inc
C.WS.A
| $20.3M | 10.63% |
+375,000
| New | +$341K |
|
5
Assured Guaranty
AGO
$3.65B
| $20.3M | 10.62% |
780,000
+30,000
| +4% | +$723K |
|
|
SC
6
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $15.7M | 8.22% |
800,000
+50,000
| +7% | +$918K |
|
|
7
CALL
Freeport-McMoran
FCX
$100B
| $15.2M | 7.95% |
+650,000
| New | +$17.9M |
|
|
TLMR
8
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $9.62M | 5.04% |
685,183
+25,200
| +4% | +$353K |
|
|
9
General Motors
GM
$78.1B
| $3.49M | 1.83% |
100,000
-700,000
| -88% | -$22.4M |
|
|
10
AGNC Investment
AGNC
$12.6B
| $2.18M | 1.14% |
+100,000
| New | +$2.26M |
|
|
11
OFG Bancorp
OFG
$2.25B
| $1.67M | 0.87% |
+100,000
| New | +$1.54M |
|
12
American Express
AXP
$236B
| – | – |
-23,000
| Closed | -$2.01M |
|
|
13
Bank of America
BAC
$443B
| – | – |
-1,000,000
| Closed | -$17.1M |
|
|
14
Citigroup
C
$232B
| – | – |
-375,000
| Closed | -$19.4M |
|
15
Capital One
COF
$136B
| – | – |
-25,000
| Closed | -$2.04M |
|
|
16
Freeport-McMoran
FCX
$100B
| – | – |
-300,000
| Closed | -$8.28M |
|
17
GoPro
GPRO
$123M
| – | – |
-23,000
| Closed | -$2.15M |
|
|
18
Goldman Sachs
GS
$316B
| – | – |
-75,000
| Closed | -$13.8M |
|
19
Morgan Stanley
MS
$345B
| – | – |
-150,000
| Closed | -$5.19M |
|
20
Tesla
TSLA
$1.27T
| – | – |
-150,000
| Closed | -$2.43M |
|
|
S
21
DELISTED
Sprint Corporation
S
| – | – |
-100,000
| Closed | -$634K |
|
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Tegean Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Tegean Capital Management held 22 positions worth $191M, down 54% from $413M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Tegean Capital Management withdrew a net $291M in Q4 2014, closing 10 positions and reducing 2 holdings. Its most notable exit was Citigroup, an estimated $19.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Tegean Capital Management opened a new position in AGNC Investment worth $2.18M.
- Tegean Capital Management's largest Q4 2014 buy was AGNC Investment: 100,000 shares worth $2.18M.
- Tegean Capital Management added most to MetLife in Q4 2014, an estimated $2.67M increase.
- Tegean Capital Management's biggest Q4 2014 reduction was General Motors, cutting an estimated $22.4M.
- Tegean Capital Management fully exited Citigroup in Q4 2014, selling an estimated $19.4M.
- Tegean Capital Management's ten largest holdings make up 98% of its $191M portfolio in Q4 2014.
- Tegean Capital Management opened 5 new positions and closed 10 in Q4 2014.
- Tegean Capital Management's portfolio value fell 54% quarter-over-quarter to $191M.
Based on Tegean Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.