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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
-3.06%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$107M
AUM Growth
-$84M
(-44%)
Cap. Flow
-$81M
Cap. Flow
% of AUM
-75.77%
Top 10 Holdings %
Top 10 Hldgs %
99.81%
Holding
17
New
5
Increased
2
Reduced
2
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$19.1M |
| 2 |
American Express
AXP
|
+$8.31M |
| 3 |
FITB
Fifth Third Bancorp
FITB
|
+$4.71M |
| 4 |
Assured Guaranty
AGO
|
+$517K |
| 5 |
TLMR
TALMER BANCORP INC (MI)
TLMR
|
+$468K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
C.WS.A
Citigroup Inc
C.WS.A
|
+$20.3M |
| 2 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$15.7M |
| 3 |
General Motors
GM
|
+$3.49M |
| 4 |
AGNC Investment
AGNC
|
+$2.18M |
| 5 |
OFG Bancorp
OFG
|
+$1.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 88.83% |
| 2 | Consumer Discretionary | 0% |
| 3 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
JPMorgan Chase
JPM
$957B
| $21.2M | 19.85% |
350,000
| – | – |
|
|
2
Assured Guaranty
AGO
$3.65B
| $21.1M | 19.76% |
800,000
+20,000
| +3% | +$517K |
|
3
MetLife
MET
$61.9B
| $20.2M | 18.93% |
448,800
| – | – |
|
|
4
Citigroup
C
$232B
| $19.3M | 18.08% |
+375,000
| New | +$19.1M |
|
|
TLMR
5
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $11M | 10.3% |
718,418
+33,235
| +5% | +$468K |
|
|
6
American Express
AXP
$236B
| $7.81M | 7.31% |
+100,000
| New | +$8.31M |
|
|
FITB
7
Fifth Third Bancorp
FITB
$52.4B
| $4.71M | 4.41% |
+250,000
| New | +$4.71M |
|
8
CALL
Freeport-McMoran
FCX
$100B
| $714K | 0.67% |
14,000
-636,000
| -98% | -$12.6M |
|
9
Capital One
COF
$136B
| $315K | 0.29% |
+4,000
| New | +$314K |
|
10
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $218K | 0.2% |
2,300
-247,700
| -99% | -$51.1M |
|
11
Regions Financial
RF
$27.2B
| $208K | 0.19% |
+22,000
| New | +$208K |
|
|
12
AGNC Investment
AGNC
$12.6B
| – | – |
-100,000
| Closed | -$2.18M |
|
|
13
General Motors
GM
$78.1B
| – | – |
-100,000
| Closed | -$3.49M |
|
|
14
OFG Bancorp
OFG
$2.25B
| – | – |
-100,000
| Closed | -$1.67M |
|
|
SC
15
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| – | – |
-800,000
| Closed | -$15.7M |
|
|
C.WS.A
16
DELISTED
Citigroup Inc
C.WS.A
| – | – |
-375,000
| Closed | -$20.3M |
|
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Tegean Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Tegean Capital Management held 17 positions worth $107M, down 44% from $191M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Tegean Capital Management withdrew a net $81M in Q1 2015, closing 6 positions and reducing 2 holdings. Its most notable exit was Citigroup Inc, an estimated $20.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 89% of assets, up from 43% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Tegean Capital Management opened a new position in Citigroup worth $19.3M.
- Tegean Capital Management's largest Q1 2015 buy was Citigroup: 375,000 shares worth $19.3M.
- Tegean Capital Management added most to Assured Guaranty in Q1 2015, an estimated $517K increase.
- Tegean Capital Management fully exited Citigroup Inc in Q1 2015, selling an estimated $20.3M.
- Tegean Capital Management's ten largest holdings make up 100% of its $107M portfolio in Q1 2015.
- Tegean Capital Management opened 5 new positions and closed 6 in Q1 2015.
- Tegean Capital Management's portfolio value fell 44% quarter-over-quarter to $107M.
Based on Tegean Capital Management's 13F filing for Q1 2015, filed 15 May 2015.