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Tegean Capital Management Portfolio holdings

AUM $82.1M
1-Year Est. Return 12.91%
This Fund
S&P 500
This Quarter Est. Return
+4.27%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$189M
AUM Growth
+$6.73M
Cap. Flow
+$51.6K
Cap. Flow %
0.03%
Top 10 Hldgs %
80.56%
Holding
23
New
3
Increased
6
Reduced
1
Closed
4
Avg Time Held
4.2 quarters
Top 10 Avg Time Held
3.6 quarters
Top 20 Avg Time Held
4.1 quarters

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$12M
2
KEY icon
KeyCorp
KEY
+$4.07M
3
CLF icon
Cleveland-Cliffs
CLF
+$3.73M
4
AGO icon
Assured Guaranty
AGO
+$3.43M
5
ALLY icon
Ally Financial
ALLY
+$1.12M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$12.1M
2
MET icon
MetLife
MET
+$5.49M
3
AAPL icon
Apple
AAPL
+$4.32M
4
MFIC icon
MidCap Financial Investment
MFIC
+$3.19M
5
ONIT icon
Onity Group
ONIT
+$1.98M

Sector Composition

Rank Sector Weight
1 Financials 72.35%
2 Industrials 13.35%
3 Materials 6.62%
4 Technology 5.61%
5 Communication Services 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
C icon
1
Citigroup
C
$220B
$21.8M 11.54%
300,000
– –
2015 Q1
10 quarters
GS icon
2
Goldman Sachs
GS
$260B
$21.3M 11.29%
90,000
– –
2017 Q2
1 quarter
ARCC icon
3
Ares Capital
ARCC
$13.4B
$21.3M 11.27%
1,300,000
– –
2016 Q4
3 quarters
COF icon
4
Capital One
COF
$124B
$16.9M 8.96%
200,000
– –
2017 Q2
1 quarter
AGO icon
5
Assured Guaranty
AGO
$3.08B
$15.1M 7.99%
400,000
+80,000
+25% +$3.43M
2013 Q2
17 quarters
CLF icon
6
Cleveland-Cliffs
CLF
$7.36B
$12.5M 6.62%
1,750,000
+500,000
+40% +$3.73M
2017 Q1
2 quarters
WFC icon
7
Wells Fargo
WFC
$253B
$12.4M 6.56%
+225,000
New +$12M
2017 Q3
0 quarters
KEY icon
8
KeyCorp
KEY
$21.6B
$10.8M 5.72%
575,000
+225,000
+64% +$4.07M
2015 Q2
9 quarters
AER icon
9
AerCap
AER
$23.3B
$10.2M 5.41%
200,000
– –
2016 Q1
6 quarters
MU icon
10
Micron Technology
MU
$1.12T
$9.83M 5.2%
250,000
+20,000
+9% +$632K
2016 Q3
4 quarters
OFG icon
11
OFG Bancorp
OFG
$2.16B
$9.63M 5.1%
1,053,000
+100,000
+10% +$952K
2015 Q2
9 quarters
AL icon
12
DELISTED
Air Lease Corp
AL
$9.16M 4.85%
215,000
+15,000
+8% +$598K
2016 Q1
6 quarters
FDC
13
DELISTED
First Data Corporation
FDC
$5.86M 3.1%
325,000
– –
2016 Q2
5 quarters
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.3T
$3.9M 2.06%
80,000
– –
2017 Q1
2 quarters
MBI icon
15
MBIA
MBI
$231M
$3.48M 1.84%
400,000
– –
2017 Q1
2 quarters
NNI icon
16
Nelnet
NNI
$4.54B
$1.73M 0.92%
34,300
– –
2017 Q1
2 quarters
ALLY icon
17
Ally Financial
ALLY
$11.5B
$1.21M 0.64%
+50,000
New +$1.12M
2017 Q3
0 quarters
ONIT icon
18
Onity Group
ONIT
$228M
$998K 0.53%
19,333
-45,307
-70% -$1.98M
2017 Q2
1 quarter
AMAT icon
19
Applied Materials
AMAT
$395B
$781K 0.41%
+15,000
New +$678K
2017 Q3
0 quarters
AAPL icon
20
Apple
AAPL
$4.95T
– –
-120,000
Closed -$4.32M –
BAC icon
21
Bank of America
BAC
$381B
– –
-500,000
Closed -$12.1M –
MET icon
22
MetLife
MET
$63.5B
– –
-112,200
Closed -$5.49M –
MFIC icon
23
MidCap Financial Investment
MFIC
$694M
– –
-166,667
Closed -$3.19M –

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BAM
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JAM
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HH
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CPI
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SLM
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TIMH
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CCFP
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Tegean Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Tegean Capital Management held 23 positions worth $189M, up 3.7% from $182M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Tegean Capital Management's Q3 2017 filing shows 3 new, 6 increased, 1 reduced and 4 closed positions. Its largest new stake was Wells Fargo: 225,000 shares worth $12.4M. The largest sale was Bank of America, an estimated $12.1M.

By sector, the portfolio is most concentrated in Financials at 72% of assets, down from 75% a quarter earlier, followed by Industrials and Materials.

  • Tegean Capital Management's largest Q3 2017 buy was Wells Fargo: 225,000 shares worth $12.4M.
  • Tegean Capital Management added most to KeyCorp in Q3 2017, an estimated $4.07M increase.
  • Tegean Capital Management's biggest Q3 2017 reduction was Onity Group, cutting an estimated $1.98M.
  • Tegean Capital Management fully exited Bank of America in Q3 2017, selling an estimated $12.1M.
  • Tegean Capital Management's ten largest holdings make up 81% of its $189M portfolio in Q3 2017.
  • Tegean Capital Management opened 3 new positions and closed 4 in Q3 2017.
  • Tegean Capital Management's portfolio value rose 3.7% quarter-over-quarter to $189M.

Based on Tegean Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.