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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
+0.41%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$187M
AUM Growth
-$16.1M
Cap. Flow
-$16M
Cap. Flow %
-8.56%
Top 10 Hldgs %
82.65%
Holding
21
New
–
Increased
9
Reduced
5
Closed
2

Top Buys

Rank Stock Value
1
ALLY icon
Ally Financial
ALLY
+$4.3M
2
TCF
TCF Financial Corporation
TCF
+$2.15M
3
AGO icon
Assured Guaranty
AGO
+$1.54M
4
NNI icon
Nelnet
NNI
+$1.35M
5
C icon
Citigroup
C
+$1.13M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$13.7M
2
GE icon
GE Aerospace
GE
+$5.24M
3
OFG icon
OFG Bancorp
OFG
+$4.38M
4
CLF icon
Cleveland-Cliffs
CLF
+$1.88M
5
MBI icon
MBIA
MBI
+$1.69M

Sector Composition

Rank Sector Weight
1 Financials 74.72%
2 Industrials 15.48%
3 Technology 6.28%
4 Materials 3.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
1
Goldman Sachs
GS
$313B
$22.7M 12.14%
90,000
– –
C icon
2
Citigroup
C
$222B
$21.3M 11.39%
315,000
+15,000
+5% +$1.13M
ARCC icon
3
Ares Capital
ARCC
$13.5B
$19.8M 10.62%
1,250,000
-50,000
-4% -$792K
COF icon
4
Capital One
COF
$124B
$19.2M 10.26%
200,000
– –
AGO icon
5
Assured Guaranty
AGO
$3.78B
$19M 10.2%
526,200
+43,700
+9% +$1.54M
MU icon
6
Micron Technology
MU
$1.04T
$11.7M 6.28%
225,000
-25,000
-10% -$1.2M
KEY icon
7
KeyCorp
KEY
$24.3B
$11.7M 6.28%
600,000
+25,000
+4% +$524K
AER icon
8
AerCap
AER
$23.9B
$10.1M 5.43%
200,000
– –
FDC
9
DELISTED
First Data Corporation
FDC
$9.6M 5.14%
600,000
– –
AL
10
DELISTED
Air Lease Corp
AL
$9.16M 4.91%
215,000
– –
CLF icon
11
Cleveland-Cliffs
CLF
$6.81B
$5.7M 3.05%
820,000
-250,000
-23% -$1.88M
ALLY icon
12
Ally Financial
ALLY
$13.1B
$5.43M 2.91%
200,000
+150,000
+300% +$4.3M
NNI icon
13
Nelnet
NNI
$4.79B
$4.49M 2.4%
85,579
+25,479
+42% +$1.35M
OFG icon
14
OFG Bancorp
OFG
$2.21B
$4.18M 2.24%
400,000
-413,651
-51% -$4.38M
MBI icon
15
MBIA
MBI
$288M
$4.07M 2.18%
440,000
-210,000
-32% -$1.69M
TCF
16
DELISTED
TCF Financial Corporation
TCF
$2.85M 1.53%
125,000
+96,600
+340% +$2.15M
HBAN icon
17
Huntington Bancshares
HBAN
$35.1B
$2.64M 1.42%
175,000
+50,000
+40% +$786K
ICMB icon
18
Investcorp Credit Management BDC
ICMB
$11.3M
$2.17M 1.16%
266,049
+117,315
+79% +$959K
ZAIS
19
DELISTED
ZAIS Group Holdings, Inc.
ZAIS
$867K 0.46%
213,603
+26,486
+14% +$106K
GE icon
20
GE Aerospace
GE
$367B
– –
-62,599
Closed -$5.24M
WFC icon
21
Wells Fargo
WFC
$261B
– –
-225,000
Closed -$13.7M

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PC
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BAM
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JAM
JLP Asset Management New York $84.2M AUM 10.86% 1-Year Est. Return
HH
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CPI
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SLM
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TIMH
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CCFP
Charles Carroll Financial Partners Kingston, Massachusetts $93M AUM 39.93% 1-Year Est. Return

Tegean Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Tegean Capital Management held 21 positions worth $187M, down 7.9% from $203M the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Tegean Capital Management withdrew a net $16M in Q1 2018, closing 2 positions and reducing 5 holdings. Its most notable exit was Wells Fargo, an estimated $13.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 75% of assets, up from 73% a quarter earlier, followed by Industrials and Technology.

Against the trend, Tegean Capital Management added an estimated $4.3M to Ally Financial.

  • Tegean Capital Management added most to Ally Financial in Q1 2018, an estimated $4.3M increase.
  • Tegean Capital Management's biggest Q1 2018 reduction was OFG Bancorp, cutting an estimated $4.38M.
  • Tegean Capital Management fully exited Wells Fargo in Q1 2018, selling an estimated $13.7M.
  • Tegean Capital Management's ten largest holdings make up 83% of its $187M portfolio in Q1 2018.
  • Tegean Capital Management opened 0 new positions and closed 2 in Q1 2018.
  • Tegean Capital Management's portfolio value fell 7.9% quarter-over-quarter to $187M.

Based on Tegean Capital Management's 13F filing for Q1 2018, filed 15 May 2018.