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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
+5.88%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$114M
AUM Growth
-$33.5M
(-23%)
Cap. Flow
-$39.3M
Cap. Flow
% of AUM
-34.61%
Top 10 Holdings %
Top 10 Hldgs %
81.44%
Holding
23
New
2
Increased
2
Reduced
10
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Capital
ARCC
|
+$4.42M |
| 2 |
Microchip Technology
MCHP
|
+$3.11M |
| 3 |
TCF
TCF Financial Corporation
TCF
|
+$2.09M |
| 4 |
Assured Guaranty
AGO
|
+$878K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$7.36M |
| 2 |
KeyCorp
KEY
|
+$7.09M |
| 3 |
Apple
AAPL
|
+$4.75M |
| 4 |
CADE
Cadence Bancorporation
CADE
|
+$4.64M |
| 5 |
Applied Materials
AMAT
|
+$3.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 58.46% |
| 2 | Industrials | 15.96% |
| 3 | Technology | 15.03% |
| 4 | Materials | 3.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Assured Guaranty
AGO
$3.78B
| $14.1M | 12.41% |
335,000
+19,900
| +6% | +$878K |
|
2
Morgan Stanley
MS
$337B
| $11M | 9.64% |
250,000
-50,000
| -17% | -$2.23M |
|
|
3
Microchip Technology
MCHP
$42.8B
| $10.8M | 9.54% |
250,000
+70,000
| +39% | +$3.11M |
|
|
AL
4
DELISTED
Air Lease Corp
AL
| $10.3M | 9.1% |
250,000
-77,500
| -24% | -$2.96M |
|
5
Goldman Sachs
GS
$313B
| $10.2M | 9% |
50,000
-20,000
| -29% | -$3.96M |
|
6
Capital One
COF
$124B
| $9.07M | 7.99% |
100,000
-25,000
| -20% | -$2.24M |
|
7
AerCap
AER
$23.9B
| $7.8M | 6.87% |
150,000
-50,000
| -25% | -$2.45M |
|
8
CALL
Micron Technology
MU
$1.04T
| $7.72M | 6.79% |
200,000
| – | – |
|
|
9
Citigroup
C
$222B
| $7M | 6.16% |
100,000
-110,000
| -52% | -$7.36M |
|
|
10
Ares Capital
ARCC
$13.5B
| $4.49M | 3.95% |
+250,002
| New | +$4.42M |
|
11
Nelnet
NNI
$4.79B
| $4.44M | 3.91% |
75,000
-25,000
| -25% | -$1.47M |
|
12
Cleveland-Cliffs
CLF
$6.81B
| $4.27M | 3.76% |
400,000
-98,700
| -20% | -$973K |
|
|
13
Micron Technology
MU
$1.04T
| $3.86M | 3.4% |
100,000
| – | – |
|
14
MBIA
MBI
$288M
| $3.72M | 3.28% |
400,000
| – | – |
|
15
Western Digital
WDC
$179B
| $2.38M | 2.09% |
66,150
-26,460
| -29% | -$907K |
|
|
TCF
16
DELISTED
TCF Financial Corporation
TCF
| $2.08M | 1.83% |
+100,000
| New | +$2.09M |
|
17
Investcorp Credit Management BDC
ICMB
$11.3M
| $342K | 0.3% |
45,315
-200,235
| -82% | -$1.45M |
|
|
18
Apple
AAPL
$4.89T
| – | – |
-100,000
| Closed | -$4.75M |
|
|
19
Applied Materials
AMAT
$426B
| – | – |
-100,000
| Closed | -$3.97M |
|
20
Huntington Bancshares
HBAN
$35.1B
| – | – |
-232,100
| Closed | -$2.94M |
|
21
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| – | – |
-46,659
| Closed | -$445K |
|
|
22
KeyCorp
KEY
$24.3B
| – | – |
-450,000
| Closed | -$7.09M |
|
|
CADE
23
DELISTED
Cadence Bancorporation
CADE
| – | – |
-250,000
| Closed | -$4.64M |
|
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Tegean Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Tegean Capital Management held 23 positions worth $114M, down 23% from $147M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Tegean Capital Management withdrew a net $39.3M in Q2 2019, closing 6 positions and reducing 10 holdings. Its most notable exit was KeyCorp, an estimated $7.09M position sold in full.
By sector, the portfolio is most concentrated in Financials at 58% of assets, down from 61% a quarter earlier, followed by Industrials and Technology.
Against the trend, Tegean Capital Management opened a new position in Ares Capital worth $4.49M.
- Tegean Capital Management's largest Q2 2019 buy was Ares Capital: 250,002 shares worth $4.49M.
- Tegean Capital Management added most to Microchip Technology in Q2 2019, an estimated $3.11M increase.
- Tegean Capital Management's biggest Q2 2019 reduction was Citigroup, cutting an estimated $7.36M.
- Tegean Capital Management fully exited KeyCorp in Q2 2019, selling an estimated $7.09M.
- Tegean Capital Management's ten largest holdings make up 81% of its $114M portfolio in Q2 2019.
- Tegean Capital Management opened 2 new positions and closed 6 in Q2 2019.
- Tegean Capital Management's portfolio value fell 23% quarter-over-quarter to $114M.
Based on Tegean Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.