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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
+4.04%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$213M
AUM Growth
+$21.1M
Cap. Flow
+$14.3M
Cap. Flow %
6.72%
Top 10 Hldgs %
79.5%
Holding
22
New
1
Increased
7
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
AMAT icon
Applied Materials
AMAT
+$18.6M
2
MCHP icon
Microchip Technology
MCHP
+$9.9M
3
MU icon
Micron Technology
MU
+$5.04M
4
GS icon
Goldman Sachs
GS
+$1.16M
5
CFG icon
Citizens Financial Group
CFG
+$1.01M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$14.1M
2
CIEN icon
Ciena
CIEN
+$2.12M
3
CLF icon
Cleveland-Cliffs
CLF
+$2.06M
4
HBAN icon
Huntington Bancshares
HBAN
+$1.56M
5
C icon
Citigroup
C
+$1.06M

Sector Composition

Rank Sector Weight
1 Financials 63.52%
2 Technology 20.02%
3 Industrials 12.89%
4 Materials 3.56%
5 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
C icon
1
Citigroup
C
$232B
$26.9M 12.62%
375,000
-15,000
-4% -$1.06M
AGO icon
2
Assured Guaranty
AGO
$3.65B
$23.2M 10.9%
550,000
-11,200
-2% -$445K
GS icon
3
Goldman Sachs
GS
$316B
$22.4M 10.52%
100,000
+5,000
+5% +$1.16M
COF icon
4
Capital One
COF
$136B
$19.9M 9.35%
210,000
+10,000
+5% +$973K
AMAT icon
5
Applied Materials
AMAT
$431B
$19.1M 8.98%
495,200
+420,200
+560% +$18.6M
MU icon
6
Micron Technology
MU
$1.03T
$14.7M 6.9%
325,000
+100,000
+44% +$5.04M
KEY icon
7
KeyCorp
KEY
$24.8B
$12.9M 6.07%
650,000
– –
AL
8
DELISTED
Air Lease Corp
AL
$11M 5.17%
240,000
– –
AER icon
9
AerCap
AER
$24.4B
$10.4M 4.86%
180,000
– –
MCHP icon
10
Microchip Technology
MCHP
$42.8B
$8.84M 4.15%
+224,000
New +$9.9M
CLF icon
11
Cleveland-Cliffs
CLF
$7.12B
$7.6M 3.56%
600,000
-200,000
-25% -$2.06M
HBAN icon
12
Huntington Bancshares
HBAN
$35.6B
$7.09M 3.33%
475,000
-100,000
-17% -$1.56M
FDC
13
DELISTED
First Data Corporation
FDC
$6.12M 2.87%
250,000
-25,000
-9% -$603K
ALLY icon
14
Ally Financial
ALLY
$13.6B
$5.29M 2.48%
200,000
– –
NNI icon
15
Nelnet
NNI
$4.87B
$5.14M 2.41%
90,000
+4,421
+5% +$259K
MBI icon
16
MBIA
MBI
$270M
$4.54M 2.13%
425,000
-15,000
-3% -$153K
CFG icon
17
Citizens Financial Group
CFG
$31.1B
$3.86M 1.81%
100,000
+25,000
+33% +$1.01M
ICMB icon
18
Investcorp Credit Management BDC
ICMB
$11.9M
$2.27M 1.07%
266,049
– –
OFG icon
19
OFG Bancorp
OFG
$2.25B
$1.78M 0.83%
110,000
+9,900
+10% +$160K
BAC icon
20
Bank of America
BAC
$443B
– –
-500,000
Closed -$14.1M
CIEN icon
21
Ciena
CIEN
$59.3B
– –
-80,000
Closed -$2.12M
BXE
22
DELISTED
Bellatrix Exploration Ltd.
BXE
– –
-670,000
Closed -$673K

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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
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Tegean Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Tegean Capital Management held 22 positions worth $213M, up 11% from $192M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Tegean Capital Management deployed $14.3M of net new capital in Q3 2018, opening 1 new position and adding to 7 existing holdings. Its largest new stake was Microchip Technology: 224,000 shares worth $8.84M.

By sector, the portfolio is most concentrated in Financials at 64% of assets, down from 74% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Cleveland-Cliffs, an estimated $2.06M trimmed.

  • Tegean Capital Management's largest Q3 2018 buy was Microchip Technology: 224,000 shares worth $8.84M.
  • Tegean Capital Management added most to Applied Materials in Q3 2018, an estimated $18.6M increase.
  • Tegean Capital Management's biggest Q3 2018 reduction was Cleveland-Cliffs, cutting an estimated $2.06M.
  • Tegean Capital Management fully exited Bank of America in Q3 2018, selling an estimated $14.1M.
  • Tegean Capital Management's ten largest holdings make up 80% of its $213M portfolio in Q3 2018.
  • Tegean Capital Management opened 1 new position and closed 3 in Q3 2018.
  • Tegean Capital Management's portfolio value rose 11% quarter-over-quarter to $213M.

Based on Tegean Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.