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TPCM
Tide Point Capital Management Portfolio holdings
AUM
$851M
1-Year Est. Return
25.25%
This Fund
S&P 500
This Quarter
Est. Return
+21.18%
1 Year Est. Return
+25.25%
3 Year Est. Return
+144.47%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.36B
AUM Growth
-$462M
(-25%)
Cap. Flow
-$178M
Cap. Flow
% of AUM
-13.07%
Top 10 Holdings %
Top 10 Hldgs %
57.5%
Holding
57
New
19
Increased
6
Reduced
7
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Airlines Group
AAL
|
+$56.5M |
| 2 |
JetBlue
JBLU
|
+$53.4M |
| 3 |
Steel Dynamics
STLD
|
+$35.8M |
| 4 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$30.6M |
| 5 |
Marathon Petroleum
MPC
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Targa Resources
TRGP
|
+$56M |
| 2 |
CSX Corp
CSX
|
+$44.2M |
| 3 |
Williams Companies
WMB
|
+$42.1M |
| 4 |
Air Products & Chemicals
APD
|
+$39.8M |
| 5 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$38.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 40.28% |
| 2 | Materials | 18.45% |
| 3 | Energy | 17.94% |
| 4 | Industrials | 17.35% |
| 5 | Consumer Discretionary | 4.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
| $151M | 11.08% |
+6,225,400
| New | +$149M |
|
2
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$300M
| $143M | 10.47% |
+5,402,300
| New | +$139M |
|
|
PR
3
Permian Resources
PR
$19.6B
| $99.5M | 7.29% |
5,700,367
+1,772,802
| +45% | +$29.3M |
|
4
Albemarle
ALB
$14.9B
| $65.4M | 4.79% |
759,336
-148,262
| -16% | -$12.5M |
|
5
ArcelorMittal
MT
$59.4B
| $60.8M | 4.46% |
2,776,953
+1,276,953
| +85% | +$27.2M |
|
|
6
JetBlue
JBLU
$1.75B
| $60.6M | 4.44% |
+2,701,191
| New | +$53.4M |
|
|
7
American Airlines Group
AAL
$8.69B
| $60.5M | 4.44% |
+1,296,571
| New | +$56.5M |
|
8
PUT
State Street Technology Select Sector SPDR ETF
XLK
$122B
| $50.2M | 3.68% |
+2,075,200
| New | +$49.5M |
|
|
9
CALL
JetBlue
JBLU
$1.75B
| $48.4M | 3.55% |
+2,160,900
| New | +$42.7M |
|
10
CALL
VanEck Gold Miners ETF
GDX
$30.2B
| $45.2M | 3.31% |
+2,160,800
| New | +$48M |
|
11
Textron
TXT
$13.6B
| $42M | 3.08% |
864,381
-97,388
| -10% | -$4.24M |
|
|
12
Steel Dynamics
STLD
$34.7B
| $40.4M | 2.96% |
+1,136,548
| New | +$35.8M |
|
13
PUT
Boeing
BA
$168B
| $40.4M | 2.96% |
259,300
+74,300
| +40% | +$10.9M |
|
|
VSTO
14
DELISTED
Vista Outdoor Inc.
VSTO
| $39.3M | 2.88% |
1,065,520
-337,480
| -24% | -$13M |
|
15
Red Rock Resorts
RRR
$3.38B
| $37.9M | 2.78% |
1,634,587
+1,143,787
| +233% | +$26M |
|
|
SAVE
16
DELISTED
Spirit Airlines, Inc.
SAVE
| $34.4M | 2.52% |
+594,262
| New | +$30.6M |
|
|
17
Marathon Petroleum
MPC
$109B
| $32.6M | 2.39% |
+648,286
| New | +$29.4M |
|
|
UNVR
18
DELISTED
Univar Solutions Inc.
UNVR
| $32.2M | 2.36% |
1,134,501
-132,651
| -10% | -$3.2M |
|
|
CRC
19
DELISTED
California Resources Corporation
CRC
| $28.8M | 2.11% |
+1,350,595
| New | +$19.8M |
|
20
Ambarella
AMBA
$2.78B
| $26.3M | 1.93% |
486,212
-63,788
| -12% | -$3.85M |
|
|
21
Targa Resources
TRGP
$62.2B
| $25.3M | 1.85% |
450,894
-1,109,092
| -71% | -$56M |
|
|
AKS
22
DELISTED
AK Steel Holding Corp
AKS
| $24.8M | 1.82% |
+2,431,072
| New | +$18.5M |
|
|
POT
23
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $23.5M | 1.72% |
+1,296,700
| New | +$22.5M |
|
24
Golar LNG
GLNG
$5.32B
| $22.3M | 1.63% |
970,820
-1,029,180
| -51% | -$23.9M |
|
|
25
CALL
Ambarella
AMBA
$2.78B
| $20.5M | 1.5% |
+378,900
| New | +$22.9M |
|
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Tide Point Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Tide Point Capital Management held 57 positions worth $1.36B, down 25% from $1.83B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Tide Point Capital Management withdrew a net $178M in Q4 2016, closing 25 positions and reducing 7 holdings. Its most notable exit was CSX Corp, an estimated $44.2M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 40% of assets, down from 51% a quarter earlier, followed by Materials and Energy.
Against the trend, Tide Point Capital Management opened a new position in American Airlines Group worth $60.5M.
- Tide Point Capital Management's largest Q4 2016 buy was American Airlines Group: 1,296,571 shares worth $60.5M.
- Tide Point Capital Management added most to Permian Resources in Q4 2016, an estimated $29.3M increase.
- Tide Point Capital Management's biggest Q4 2016 reduction was Targa Resources, cutting an estimated $56M.
- Tide Point Capital Management fully exited CSX Corp in Q4 2016, selling an estimated $44.2M.
- Tide Point Capital Management's ten largest holdings make up 58% of its $1.36B portfolio in Q4 2016.
- Tide Point Capital Management opened 19 new positions and closed 25 in Q4 2016.
- Tide Point Capital Management's portfolio value fell 25% quarter-over-quarter to $1.36B.
Based on Tide Point Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.