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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
-33.07%
1 Year Est. Return
+12.91%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$27.6M
AUM Growth
-$39.8M
(-59%)
Cap. Flow
-$25.3M
Cap. Flow
% of AUM
-91.67%
Top 10 Holdings %
Top 10 Hldgs %
99.27%
Holding
19
New
6
Increased
2
Reduced
3
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Capital
ARCC
|
+$5.26M |
| 2 |
B
Barrick Mining
B
|
+$4.69M |
| 3 |
AL
Air Lease Corp
AL
|
+$3.24M |
| 4 |
Assured Guaranty
AGO
|
+$2.85M |
| 5 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$2.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$12.8M |
| 2 |
Citigroup
C
|
+$9.19M |
| 3 |
Micron Technology
MU
|
+$8.07M |
| 4 |
Morgan Stanley
MS
|
+$7.67M |
| 5 |
Nelnet
NNI
|
+$3.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 74.93% |
| 2 | Materials | 16.61% |
| 3 | Industrials | 7.73% |
| 4 | Energy | 0.73% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Goldman Sachs
GS
$309B
| $6.57M | 23.82% |
42,500
-2,100
| -5% | -$446K |
|
|
B
2
Barrick Mining
B
$62.6B
| $4.58M | 16.61% |
+250,000
| New | +$4.69M |
|
|
3
Ares Capital
ARCC
$13.6B
| $3.36M | 12.18% |
+311,600
| New | +$5.26M |
|
|
4
Assured Guaranty
AGO
$3.78B
| $3.06M | 11.11% |
118,800
+68,800
| +138% | +$2.85M |
|
|
TCF
5
DELISTED
TCF Financial Corporation Common Stock
TCF
| $2.83M | 10.27% |
125,000
+60,000
| +92% | +$2.25M |
|
6
MBIA
MBI
$282M
| $2.27M | 8.23% |
317,729
-82,271
| -21% | -$695K |
|
|
AL
7
DELISTED
Air Lease Corp
AL
| $1.89M | 6.83% |
+85,130
| New | +$3.24M |
|
|
8
Nelnet
NNI
$4.81B
| $1.82M | 6.58% |
40,000
-60,000
| -60% | -$3.23M |
|
9
Capital One
COF
$127B
| $756K | 2.74% |
+15,000
| New | +$1.32M |
|
10
INNOVATE Corp
VATE
$116M
| $248K | 0.9% |
+16,000
| New | +$461K |
|
|
NINE
11
DELISTED
Nine Energy Service
NINE
| $202K | 0.73% |
+250,000
| New | +$1.13M |
|
12
Applied Materials
AMAT
$410B
| – | – |
-25,000
| Closed | -$1.53M |
|
|
13
Citigroup
C
$223B
| – | – |
-115,000
| Closed | -$9.19M |
|
14
Cleveland-Cliffs
CLF
$6.99B
| – | – |
-300,000
| Closed | -$2.52M |
|
15
Investcorp Credit Management BDC
ICMB
$11.1M
| – | – |
-45,315
| Closed | -$302K |
|
|
16
Morgan Stanley
MS
$337B
| – | – |
-150,000
| Closed | -$7.67M |
|
|
17
Micron Technology
MU
$1.02T
| – | – |
-150,000
| Closed | -$8.07M |
|
|
18
Western Digital
WDC
$172B
| – | – |
-266,188
| Closed | -$12.8M |
|
|
SES
19
DELISTED
Synthesis Energy Systems Inc.
SES
| – | – |
-10,000
| Closed | -$57K |
|
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Tegean Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Tegean Capital Management held 19 positions worth $27.6M, down 59% from $67.4M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Tegean Capital Management withdrew a net $25.3M in Q1 2020, closing 8 positions and reducing 3 holdings. Its most notable exit was Western Digital, an estimated $12.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 75% of assets, up from 63% a quarter earlier, followed by Materials and Industrials.
Against the trend, Tegean Capital Management opened a new position in Ares Capital worth $3.36M.
- Tegean Capital Management's largest Q1 2020 buy was Ares Capital: 311,600 shares worth $3.36M.
- Tegean Capital Management added most to Assured Guaranty in Q1 2020, an estimated $2.85M increase.
- Tegean Capital Management's biggest Q1 2020 reduction was Nelnet, cutting an estimated $3.23M.
- Tegean Capital Management fully exited Western Digital in Q1 2020, selling an estimated $12.8M.
- Tegean Capital Management's ten largest holdings make up 99% of its $27.6M portfolio in Q1 2020.
- Tegean Capital Management opened 6 new positions and closed 8 in Q1 2020.
- Tegean Capital Management's portfolio value fell 59% quarter-over-quarter to $27.6M.
Based on Tegean Capital Management's 13F filing for Q1 2020, filed 15 May 2020.