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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
+1.07%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$84.1M
AUM Growth
-$29.5M
(-26%)
Cap. Flow
-$30.6M
Cap. Flow
% of AUM
-36.42%
Top 10 Holdings %
Top 10 Hldgs %
88.82%
Holding
18
New
1
Increased
1
Reduced
8
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CNR
Core Natural Resources Inc
CNR
|
+$1.96M |
| 2 |
Cleveland-Cliffs
CLF
|
+$901K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Capital
ARCC
|
+$4.49M |
| 2 |
Nelnet
NNI
|
+$4.44M |
| 3 |
Microchip Technology
MCHP
|
+$4.08M |
| 4 |
AL
Air Lease Corp
AL
|
+$3.7M |
| 5 |
Morgan Stanley
MS
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 60.93% |
| 2 | Technology | 17.48% |
| 3 | Industrials | 15.44% |
| 4 | Materials | 4.29% |
| 5 | Energy | 1.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Assured Guaranty
AGO
$3.78B
| $13.3M | 15.86% |
300,000
-35,000
| -10% | -$1.54M |
|
2
Goldman Sachs
GS
$313B
| $9.32M | 11.09% |
45,000
-5,000
| -10% | -$1.05M |
|
|
3
Morgan Stanley
MS
$337B
| $8.53M | 10.15% |
200,000
-50,000
| -20% | -$2.14M |
|
4
Capital One
COF
$124B
| $8.19M | 9.74% |
90,000
-10,000
| -10% | -$899K |
|
|
5
Microchip Technology
MCHP
$42.8B
| $7.43M | 8.84% |
160,000
-90,000
| -36% | -$4.08M |
|
6
Citigroup
C
$222B
| $6.91M | 8.21% |
100,000
| – | – |
|
|
AL
7
DELISTED
Air Lease Corp
AL
| $6.69M | 7.96% |
160,000
-90,000
| -36% | -$3.7M |
|
8
AerCap
AER
$23.9B
| $6.3M | 7.49% |
115,000
-35,000
| -23% | -$1.85M |
|
9
Micron Technology
MU
$1.04T
| $4.29M | 5.1% |
100,000
| – | – |
|
10
MBIA
MBI
$288M
| $3.69M | 4.39% |
400,000
| – | – |
|
|
11
Cleveland-Cliffs
CLF
$6.81B
| $3.61M | 4.29% |
500,000
+100,000
| +25% | +$901K |
|
12
Western Digital
WDC
$179B
| $2.98M | 3.55% |
66,150
| – | – |
|
|
CNR
13
Core Natural Resources Inc
CNR
$4.19B
| $1.56M | 1.86% |
+100,000
| New | +$1.96M |
|
|
TCF
14
DELISTED
TCF Financial Corporation
TCF
| $952K | 1.13% |
25,000
-75,000
| -75% | -$1.59M |
|
15
Investcorp Credit Management BDC
ICMB
$11.3M
| $299K | 0.36% |
45,315
| – | – |
|
|
16
Ares Capital
ARCC
$13.5B
| – | – |
-250,002
| Closed | -$4.49M |
|
|
17
CALL
Micron Technology
MU
$1.04T
| – | – |
-200,000
| Closed | -$7.72M |
|
|
18
Nelnet
NNI
$4.79B
| – | – |
-75,000
| Closed | -$4.44M |
|
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Tegean Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Tegean Capital Management held 18 positions worth $84.1M, down 26% from $114M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Tegean Capital Management withdrew a net $30.6M in Q3 2019, closing 3 positions and reducing 8 holdings. Its most notable exit was Ares Capital, an estimated $4.49M position sold in full.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 58% a quarter earlier, followed by Technology and Industrials.
Against the trend, Tegean Capital Management opened a new position in Core Natural Resources Inc worth $1.56M.
- Tegean Capital Management's largest Q3 2019 buy was Core Natural Resources Inc: 100,000 shares worth $1.56M.
- Tegean Capital Management added most to Cleveland-Cliffs in Q3 2019, an estimated $901K increase.
- Tegean Capital Management's biggest Q3 2019 reduction was Microchip Technology, cutting an estimated $4.08M.
- Tegean Capital Management fully exited Ares Capital in Q3 2019, selling an estimated $4.49M.
- Tegean Capital Management's ten largest holdings make up 89% of its $84.1M portfolio in Q3 2019.
- Tegean Capital Management opened 1 new position and closed 3 in Q3 2019.
- Tegean Capital Management's portfolio value fell 26% quarter-over-quarter to $84.1M.
Based on Tegean Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.