SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Axel Capital Management, LLC

CIK 0001478997 · 667 MADISON AVENUE, 5TH FLOOR, NEW YORK, NY, 10065 · 212-935-7111

Reported Value
$79M
Q1 2022
Positions
14
Filings on Record
18
2019–present window
Filed
Apr 29, 2022
original filing

Summary

Axel Capital Management, LLC reported $79M in U.S.-listed holdings across 14 positions for Q1 2022.

Its largest position, TSLA, represents 12.3% of the portfolio.

Compared with Q4 2021, the fund opened 9 new positions and exited 12.

Portfolio Metrics

Turnover
+70.3%
vs prior filed quarter
Top-10 Concentration
+91.1%
share of reported value
Largest Position
+12.3%
Tesla
New / Exited
9 / 12
positions this quarter

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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $151MQ4 ’18Q1 ’19: $188MQ2 ’19: $142MQ3 ’19: $141MQ3 ’19Q4 ’19: $78MQ1 ’20: $77MQ2 ’20: $133MQ2 ’20Q3 ’20: $234MQ4 ’20: $308MQ1 ’21: $226MQ1 ’21Q2 ’21: $176MQ3 ’21: $178MQ4 ’21: $102MQ4 ’21Q1 ’22: $79MQ2 ’22: $49MQ3 ’22: $60MQ3 ’22Q4 ’22: $47Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 56.6%ETP: 27.3%REIT: 8.2%Other: 7.9%
  • Common Stock · 56.6% · $45M
  • ETP · 27.3% · $22M
  • REIT · 8.2% · $6M
  • Other · 7.9% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GQ9SPDR GOLD TRNEW+50.0K50.0K+$9M$9M
MCKMCKESSON CORPNEW+25.0K25.0K+$8M$8M
WEATUSDTEUCRIUM COMMODITY TRNEW+670.3K670.3K+$7M$7M
WPCWP CAREY INCNEW+80.0K80.0K+$6M$6M
USOUNITED STS OIL FD LPNEW+60.0K60.0K+$4M$4M
BUNGE LIMITEDNEW+35.0K35.0K+$4M$4M
ALCON AGNEW+30.0K30.0K+$2M$2M
GDGENERAL DYNAMICS CORPNEW+8.0K8.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2022

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSLATESLA INChistory →COM12.30%$10M9.0K
2ABBVABBVIE INChistory →COM12.13%$10M59.0K
3GQ9SPDR GOLD TRhistory →GOLD SHS11.46%$9M50.0K
4AAPLAPPLE INChistory →COM9.75%$8M44.0K
5MCKMCKESSON CORPhistory →COM9.71%$8M25.0K
6MIGAMICROSTRATEGY INChistory →CL A NEW8.64%$7M14.0K
7WEATUSDTEUCRIUM COMMODITY TRhistory →WHEAT FD8.38%$7M670.3K
8WPCWP CAREY INChistory →COM8.20%$6M80.0K
9USOUNITED STS OIL FD LPhistory →UNITS5.64%$4M60.0K
10BUNGE LIMITEDCOM4.92%$4M35.0K
11ALCON AGORD SHS3.02%$2M30.0K
12GDGENERAL DYNAMICS CORPhistory →COM2.45%$2M8.0K
13ETF MANAGERS TRPRIME CYBR SCRTY1.79%$1M24.1K
14RIOTRIOT BLOCKCHAIN INChistory →COM1.61%$1M60.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2022$47M4Feb 1, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$60M11Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$49M1Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$79M14Apr 29, 202213F-HRchanges · EDGAR ↗
Q4 2021$102M17Feb 1, 202213F-HRchanges · EDGAR ↗
Q3 2021$178M29Oct 13, 202113F-HRchanges · EDGAR ↗
Q2 2021$176M36Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$226M36May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$308M40Jan 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$234M39Oct 1, 202013F-HRchanges · EDGAR ↗
Q2 2020$133M33Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$77M29May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$78M7Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$141M18Nov 8, 201913F-HRchanges · EDGAR ↗
Q2 2019$142M17Aug 7, 201913F-HRchanges · EDGAR ↗
Q1 2019$188M11May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$151M11Feb 12, 201913F-HRchanges · 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 ↗.