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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
-7.53%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$61.2M
AUM Growth
-$94.6M
(-61%)
Cap. Flow
-$82.9M
Cap. Flow
% of AUM
-135.34%
Top 10 Holdings %
Top 10 Hldgs %
93.41%
Holding
24
New
2
Increased
3
Reduced
9
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MetLife
MET
|
+$3.77M |
| 2 |
KeyCorp
KEY
|
+$3.03M |
| 3 |
AerCap
AER
|
+$2.58M |
| 4 |
AL
Air Lease Corp
AL
|
+$1.42M |
| 5 |
Apple
AAPL
|
+$498K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$18.8M |
| 2 |
General Motors
GM
|
+$11.9M |
| 3 |
Citigroup
C
|
+$8.98M |
| 4 |
Assured Guaranty
AGO
|
+$8.61M |
| 5 |
Goldman Sachs
GS
|
+$7.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 64.95% |
| 2 | Technology | 20.47% |
| 3 | Industrials | 7.37% |
| 4 | Real Estate | 7.21% |
| 5 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.89T
| $12.5M | 20.47% |
460,000
+20,000
| +5% | +$498K |
|
|
2
Assured Guaranty
AGO
$3.78B
| $10.1M | 16.53% |
400,000
-350,000
| -47% | -$8.61M |
|
|
3
Citigroup
C
$222B
| $6.26M | 10.23% |
150,000
-215,000
| -59% | -$8.98M |
|
|
4
MetLife
MET
$61B
| $5.49M | 8.97% |
140,250
+100,980
| +257% | +$3.77M |
|
5
OFG Bancorp
OFG
$2.21B
| $4.75M | 7.76% |
680,100
-498,554
| -42% | -$3.05M |
|
|
CIM
6
Chimera Investment
CIM
$1.05B
| $4.42M | 7.21% |
108,333
-83,334
| -43% | -$3.24M |
|
|
7
Goldman Sachs
GS
$313B
| $3.92M | 6.41% |
25,000
-50,000
| -67% | -$7.73M |
|
8
Capital One
COF
$124B
| $3.47M | 5.66% |
50,000
-76,000
| -60% | -$5.02M |
|
|
9
KeyCorp
KEY
$24.3B
| $3.31M | 5.41% |
300,200
+271,200
| +935% | +$3.03M |
|
|
10
AerCap
AER
$23.9B
| $2.91M | 4.75% |
+75,000
| New | +$2.58M |
|
|
ONIT
11
Onity Group
ONIT
$333M
| $1.7M | 2.78% |
45,910
-35,410
| -44% | -$2.43M |
|
|
AL
12
DELISTED
Air Lease Corp
AL
| $1.61M | 2.62% |
+50,000
| New | +$1.42M |
|
13
Wells Fargo
WFC
$261B
| $339K | 0.55% |
7,000
| – | – |
|
14
US Bancorp
USB
$99.6B
| $203K | 0.33% |
5,000
-5,000
| -50% | -$200K |
|
15
Hilltop Holdings
HTH
$2.29B
| $189K | 0.31% |
10,000
-10,000
| -50% | -$169K |
|
16
AGNC Investment
AGNC
$12.3B
| – | – |
-303,500
| Closed | -$5.26M |
|
17
Ares Capital
ARCC
$13.5B
| – | – |
-295,000
| Closed | -$4.2M |
|
18
Freeport-McMoran
FCX
$90B
| – | – |
-425,000
| Closed | -$2.88M |
|
|
19
General Motors
GM
$74.7B
| – | – |
-350,000
| Closed | -$11.9M |
|
|
20
JPMorgan Chase
JPM
$939B
| – | – |
-285,000
| Closed | -$18.8M |
|
21
Annaly Capital Management
NLY
$16.9B
| – | – |
-50,175
| Closed | -$1.88M |
|
|
ANH
22
DELISTED
Anworth Mortgage Asset Corporation
ANH
| – | – |
-900,000
| Closed | -$3.92M |
|
|
SUNE
23
DELISTED
SUNEDISON, INC COM
SUNE
| – | – |
-500,000
| Closed | -$2.54M |
|
|
FDC
24
DELISTED
First Data Corporation
FDC
| – | – |
-208,000
| Closed | -$3.33M |
|
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Tegean Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Tegean Capital Management held 24 positions worth $61.2M, down 61% from $156M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Tegean Capital Management withdrew a net $82.9M in Q1 2016, closing 9 positions and reducing 9 holdings. Its most notable exit was JPMorgan Chase, an estimated $18.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 65% of assets, down from 67% a quarter earlier, followed by Technology and Industrials.
Against the trend, Tegean Capital Management opened a new position in AerCap worth $2.91M.
- Tegean Capital Management's largest Q1 2016 buy was AerCap: 75,000 shares worth $2.91M.
- Tegean Capital Management added most to MetLife in Q1 2016, an estimated $3.77M increase.
- Tegean Capital Management's biggest Q1 2016 reduction was Citigroup, cutting an estimated $8.98M.
- Tegean Capital Management fully exited JPMorgan Chase in Q1 2016, selling an estimated $18.8M.
- Tegean Capital Management's ten largest holdings make up 93% of its $61.2M portfolio in Q1 2016.
- Tegean Capital Management opened 2 new positions and closed 9 in Q1 2016.
- Tegean Capital Management's portfolio value fell 61% quarter-over-quarter to $61.2M.
Based on Tegean Capital Management's 13F filing for Q1 2016, filed 16 May 2016.