Managers / Q2 2020 · view latest →
Firefly Value Partners, LP
CIK 0001438637 · 426 PINEVILLE ROAD, UNIT 1, NEWTOWN, PA, 18940 · 212-672-9600
Summary
Firefly Value Partners, LP reported $466M in U.S.-listed holdings across 15 positions for Q2 2020.
Its largest position, EQT, represents 6.7% of the portfolio.
Compared with Q1 2020, the fund opened 1 new position and exited 4.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 87.8% · $409M
- ETP · 10.5% · $49M
- Other · 1.4% · $7M
- REIT · 0.4% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WDWALKER & DUNLOP INC | NEW | +262.5K | 262.5K | +$13M | $13M |
| DIREXION SHS ETF TR | SOLD OUT | −60.0K | 0 | −$7M | $0 |
| PRUDENTIAL BANCORP INC NEW | SOLD OUT | −377.8K | 0 | −$6M | $0 |
| BIG 5 SPORTING GOODS CORP | SOLD OUT | −1.00M | 0 | −$1M | $0 |
| AKORN INC | SOLD OUT | −770.0K | 0 | −$432,000 | $0 |
| AG MTG INVT TR INC | ADDED | +250.0K | 570.0K | +$941,000 | $2M |
| TSLATESLA INC | TRIMMED | −260.5K | 203.0K | −$24M | $219M |
| CCKCROWN HLDGS INC | TRIMMED | −348.7K | 332.5K | −$18M | $22M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | EQTEQT CORPhistory → | COM | 6.72% | $31M | 2.63M |
| 2 | GULFPORT ENERGY CORP | COM NEW | 4.89% | $23M | 20.91M |
| 3 | CCKCROWN HLDGS INChistory → | COM | 4.65% | $22M | 332.5K |
| 4 | MTWMANITOWOC CO INChistory → | COM NEW | 3.87% | $18M | 1.66M |
| 5 | DEDEERE & COhistory → | COM | 3.54% | $17M | 105.0K |
| 6 | ASIXADVANSIX INChistory → | COM | 3.32% | $15M | 1.32M |
| 7 | DHTDHT HOLDINGS INChistory → | SHS NEW | 2.16% | $10M | 1.96M |
| 8 | NOBLE CORP PLC | SHS USD | 1.40% | $7M | 20.28M |
| 9 | HFBLHOME FED BANCORP INC LA NEW | COM | 0.14% | $632,000 | 25.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2020 | $0 | 1 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $60M | 7 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $466M | 15 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $530M | 18 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $713M | 16 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $652M | 16 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $851M | 19 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $947M | 21 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.