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TAM
TFG Asset Management Portfolio holdings
AUM
$635M
Turnover
36.96%
1-Year Est. Return
28.07%
This Fund
S&P 500
This Quarter
Est. Return
-0.65%
1 Year Est. Return
+28.07%
3 Year Est. Return
+72.07%
5 Year Est. Return
+87.41%
10 Year Est. Return
+132.97%
AUM
$292M
AUM Growth
-$63.2M
(-18%)
Cap. Flow
-$245M
Cap. Flow
% of AUM
-83.74%
Top 10 Holdings %
Top 10 Hldgs %
91.43%
Holding
21
New
4
Increased
2
Reduced
2
Closed
1
Avg Time Held Equity + Options
0.3
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.3
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PSV
Hermitage Offshore Services Ltd.
PSV
|
+$4.36M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$1.88M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$756K |
| 4 |
ZQK
QUICKSILVER,INC.
ZQK
|
+$602K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
|
+$11.4M |
| 2 |
WLT
WALTER ENERGY INC COM STK (DE)
WLT
|
+$545K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.49% |
| 2 | Industrials | 1.38% |
| 3 | Consumer Discretionary | 0.12% |
| 4 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
VanEck Oil Services ETF
OIH
$1.79B
| $18.8M | 6.42% |
+18,920
| New | +$20.5M |
2014 Q3
0 quarters
|
|
|
PSV
2
DELISTED
Hermitage Offshore Services Ltd.
PSV
| $4.05M | 1.38% |
+22,969
| New | +$4.36M |
2014 Q3
0 quarters
|
|
|
3
VanEck Gold Miners ETF
GDX
$26.1B
| $3.4M | 1.16% |
159,196
+73,569
| +86% | +$1.88M |
2014 Q1
2 quarters
|
|
|
4
VanEck Junior Gold Miners ETF
GDXJ
$8.12B
| $1.94M | 0.66% |
57,690
+18,600
| +48% | +$756K |
2013 Q4
3 quarters
|
|
|
5
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
| $1.32M | 0.45% |
59,095
-451,950
| -88% | -$11.4M |
2014 Q2
1 quarter
|
|
|
ZQK
6
DELISTED
QUICKSILVER,INC.
ZQK
| $365K | 0.12% |
+212,307
| New | +$602K |
2014 Q3
0 quarters
|
|
|
WLT
7
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| – | – |
-100,000
| Closed | -$545K | – |
|
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TFG Asset Management's Q3 2014 Portfolio in Review
As of Q3 2014, TFG Asset Management held 21 positions worth $292M, down 18% from $355M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
TFG Asset Management withdrew a net $245M in Q3 2014, closing 1 position and reducing 2 holdings. Its most notable exit was WALTER ENERGY INC COM STK (DE), an estimated $545K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, down from 100% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, TFG Asset Management opened a new position in Hermitage Offshore Services Ltd. worth $4.05M.
- TFG Asset Management's largest Q3 2014 buy was Hermitage Offshore Services Ltd.: 22,969 shares worth $4.05M.
- TFG Asset Management added most to VanEck Gold Miners ETF in Q3 2014, an estimated $1.88M increase.
- TFG Asset Management's biggest Q3 2014 reduction was GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016), cutting an estimated $11.4M.
- TFG Asset Management fully exited WALTER ENERGY INC COM STK (DE) in Q3 2014, selling an estimated $545K.
- TFG Asset Management's ten largest holdings make up 91% of its $292M portfolio in Q3 2014.
- TFG Asset Management opened 4 new positions and closed 1 in Q3 2014.
- TFG Asset Management's portfolio value fell 18% quarter-over-quarter to $292M.
Based on TFG Asset Management's 13F filing for Q3 2014, filed 13 Nov 2014.