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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
+1.05%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$156M
AUM Growth
+$22M
(+16%)
Cap. Flow
+$7.71M
Cap. Flow
% of AUM
4.95%
Top 10 Holdings %
Top 10 Hldgs %
82.5%
Holding
31
New
6
Increased
3
Reduced
5
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$12.6M |
| 2 |
AGNC Investment
AGNC
|
+$5.51M |
| 3 |
ONIT
Onity Group
ONIT
|
+$5.2M |
| 4 |
ANH
Anworth Mortgage Asset Corporation
ANH
|
+$4.26M |
| 5 |
OFG Bancorp
OFG
|
+$4.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MetLife
MET
|
+$14.8M |
| 2 |
FITB
Fifth Third Bancorp
FITB
|
+$5.2M |
| 3 |
Bank of America
BAC
|
+$3.9M |
| 4 |
Citigroup
C
|
+$1.86M |
| 5 |
Assured Guaranty
AGO
|
+$1.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 67.19% |
| 2 | Real Estate | 12.13% |
| 3 | Technology | 9.06% |
| 4 | Consumer Discretionary | 7.64% |
| 5 | Industrials | 2.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Assured Guaranty
AGO
$3.78B
| $19.8M | 12.72% |
750,000
-50,000
| -6% | -$1.34M |
|
|
2
Citigroup
C
$222B
| $18.9M | 12.12% |
365,000
-35,000
| -9% | -$1.86M |
|
3
JPMorgan Chase
JPM
$939B
| $18.8M | 12.07% |
285,000
-15,000
| -5% | -$977K |
|
4
Goldman Sachs
GS
$313B
| $13.5M | 8.67% |
75,000
| – | – |
|
5
General Motors
GM
$74.7B
| $11.9M | 7.64% |
350,000
| – | – |
|
|
6
Apple
AAPL
$4.89T
| $11.6M | 7.43% |
+440,000
| New | +$12.6M |
|
7
Capital One
COF
$124B
| $9.1M | 5.83% |
126,000
| – | – |
|
|
8
OFG Bancorp
OFG
$2.21B
| $8.63M | 5.54% |
1,178,654
+490,970
| +71% | +$4.22M |
|
|
ONIT
9
Onity Group
ONIT
$333M
| $8.5M | 5.45% |
81,320
+49,653
| +157% | +$5.2M |
|
|
CIM
10
Chimera Investment
CIM
$1.05B
| $7.84M | 5.03% |
191,667
-1,800
| -0.9% | -$75.5K |
|
|
11
AGNC Investment
AGNC
$12.3B
| $5.26M | 3.38% |
+303,500
| New | +$5.51M |
|
12
Ares Capital
ARCC
$13.5B
| $4.2M | 2.7% |
295,000
+195,000
| +195% | +$2.96M |
|
|
ANH
13
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.92M | 2.51% |
+900,000
| New | +$4.26M |
|
|
FDC
14
DELISTED
First Data Corporation
FDC
| $3.33M | 2.14% |
+208,000
| New | +$3.41M |
|
15
Freeport-McMoran
FCX
$90B
| $2.88M | 1.85% |
425,000
| – | – |
|
|
SUNE
16
DELISTED
SUNEDISON, INC COM
SUNE
| $2.54M | 1.63% |
+500,000
| New | +$3.06M |
|
17
Annaly Capital Management
NLY
$16.9B
| $1.88M | 1.21% |
+50,175
| New | +$1.96M |
|
|
18
MetLife
MET
$61B
| $1.69M | 1.08% |
39,270
-336,600
| -90% | -$14.8M |
|
19
US Bancorp
USB
$99.6B
| $427K | 0.27% |
10,000
| – | – |
|
20
Hilltop Holdings
HTH
$2.29B
| $384K | 0.25% |
20,000
| – | – |
|
21
KeyCorp
KEY
$24.3B
| $383K | 0.25% |
29,000
| – | – |
|
22
Wells Fargo
WFC
$261B
| $381K | 0.24% |
7,000
| – | – |
|
23
Ameris Bancorp
ABCB
$5.9B
| – | – |
-19,000
| Closed | -$546K |
|
24
AerCap
AER
$23.9B
| – | – |
-10,000
| Closed | -$382K |
|
|
25
Bank of America
BAC
$435B
| – | – |
-250,000
| Closed | -$3.9M |
|
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Tegean Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Tegean Capital Management held 31 positions worth $156M, up 16% from $134M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Tegean Capital Management deployed $7.71M of net new capital in Q4 2015, opening 6 new positions and adding to 3 existing holdings. Its largest new stake was Apple: 440,000 shares worth $11.6M.
By sector, the portfolio is most concentrated in Financials at 67% of assets, down from 80% a quarter earlier, followed by Real Estate and Technology.
On the sell side, the largest reduction was MetLife, an estimated $14.8M trimmed.
- Tegean Capital Management's largest Q4 2015 buy was Apple: 440,000 shares worth $11.6M.
- Tegean Capital Management added most to Onity Group in Q4 2015, an estimated $5.2M increase.
- Tegean Capital Management's biggest Q4 2015 reduction was MetLife, cutting an estimated $14.8M.
- Tegean Capital Management fully exited Fifth Third Bancorp in Q4 2015, selling an estimated $5.2M.
- Tegean Capital Management's ten largest holdings make up 82% of its $156M portfolio in Q4 2015.
- Tegean Capital Management opened 6 new positions and closed 9 in Q4 2015.
- Tegean Capital Management's portfolio value rose 16% quarter-over-quarter to $156M.
Based on Tegean Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.