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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
+18.84%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$91.4M
AUM Growth
-$45.5M
(-33%)
Cap. Flow
-$57M
Cap. Flow
% of AUM
-62.36%
Top 10 Holdings %
Top 10 Hldgs %
90.18%
Holding
18
New
2
Increased
6
Reduced
3
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$6.83M |
| 2 |
Citigroup
C
|
+$5.69M |
| 3 |
Micron Technology
MU
|
+$3.43M |
| 4 |
KeyCorp
KEY
|
+$3.08M |
| 5 |
FDC
First Data Corporation
FDC
|
+$2.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deutsche Bank
DB
|
+$5.49M |
| 2 |
United Airlines
UAL
|
+$4.81M |
| 3 |
MetLife
MET
|
+$3.16M |
| 4 |
OFG Bancorp
OFG
|
+$3.09M |
| 5 |
Apple
AAPL
|
+$2.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 70.62% |
| 2 | Industrials | 25% |
| 3 | Technology | 4.38% |
| 4 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Assured Guaranty
AGO
$3.78B
| $12.5M | 13.66% |
450,000
+50,000
| +13% | +$1.35M |
|
|
2
Citigroup
C
$222B
| $11.8M | 12.92% |
250,000
+125,000
| +100% | +$5.69M |
|
|
AL
3
DELISTED
Air Lease Corp
AL
| $11.4M | 12.51% |
400,000
| – | – |
|
|
4
KeyCorp
KEY
$24.3B
| $11M | 12.08% |
907,500
+257,500
| +40% | +$3.08M |
|
5
Capital One
COF
$124B
| $10.8M | 11.79% |
150,000
+15,000
| +11% | +$1.03M |
|
|
6
Goldman Sachs
GS
$313B
| $6.77M | 7.41% |
+42,000
| New | +$6.83M |
|
|
ONIT
7
Onity Group
ONIT
$333M
| $5.32M | 5.82% |
96,667
+23,134
| +31% | +$946K |
|
|
8
United Airlines
UAL
$38.4B
| $5.25M | 5.74% |
100,000
-100,000
| -50% | -$4.81M |
|
|
9
Micron Technology
MU
$1.04T
| $4M | 4.38% |
+225,000
| New | +$3.43M |
|
|
10
OFG Bancorp
OFG
$2.21B
| $3.54M | 3.87% |
350,000
-302,300
| -46% | -$3.09M |
|
|
FDC
11
DELISTED
First Data Corporation
FDC
| $3.29M | 3.6% |
250,000
+206,900
| +480% | +$2.67M |
|
12
AerCap
AER
$23.9B
| $2.89M | 3.16% |
75,000
| – | – |
|
|
13
MetLife
MET
$61B
| $2.22M | 2.43% |
56,100
-84,150
| -60% | -$3.16M |
|
14
MidCap Financial Investment
MFIC
$784M
| $580K | 0.63% |
33,333
| – | – |
|
|
15
Apple
AAPL
$4.89T
| – | – |
-100,000
| Closed | -$2.39M |
|
|
16
Deutsche Bank
DB
$66.3B
| – | – |
-448,000
| Closed | -$5.49M |
|
17
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| – | – |
-3,000
| Closed | -$62.8M |
|
|
IO
18
DELISTED
ION Geophysical Corporation
IO
| – | – |
-2,500
| Closed | -$233K |
|
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Tegean Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Tegean Capital Management held 18 positions worth $91.4M, down 33% from $137M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Tegean Capital Management withdrew a net $57M in Q3 2016, closing 4 positions and reducing 3 holdings. Its most notable exit was Deutsche Bank, an estimated $5.49M position sold in full.
By sector, the portfolio is most concentrated in Financials at 71% of assets, up from 36% a quarter earlier, followed by Industrials and Technology.
Against the trend, Tegean Capital Management opened a new position in Goldman Sachs worth $6.77M.
- Tegean Capital Management's largest Q3 2016 buy was Goldman Sachs: 42,000 shares worth $6.77M.
- Tegean Capital Management added most to Citigroup in Q3 2016, an estimated $5.69M increase.
- Tegean Capital Management's biggest Q3 2016 reduction was United Airlines, cutting an estimated $4.81M.
- Tegean Capital Management fully exited Deutsche Bank in Q3 2016, selling an estimated $5.49M.
- Tegean Capital Management's ten largest holdings make up 90% of its $91.4M portfolio in Q3 2016.
- Tegean Capital Management opened 2 new positions and closed 4 in Q3 2016.
- Tegean Capital Management's portfolio value fell 33% quarter-over-quarter to $91.4M.
Based on Tegean Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.