SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Tetragon Partners GP Ltd

CIK 0001515070 · PO BOX 309, UGLAND HOUSE, GRAND CAYMAN, KY1-1104 · 212-359-7356

Reported Value
$1.5B
Q4 2020
Positions
50
Filings on Record
31
2019–present window
Filed
Feb 12, 2021
original filing

Summary

Tetragon Partners GP Ltd reported $1.5B in U.S.-listed holdings across 50 positions for Q4 2020.

The portfolio is heavily concentrated: Tesla alone accounts for 34.3% of reported value.

Compared with Q3 2020, the fund opened 9 new positions and exited 7.

Portfolio Metrics

Turnover
+14.2%
vs prior filed quarter
Top-10 Concentration
+75.8%
share of reported value
Largest Position
+34.3%
Tesla
New / Exited
9 / 7
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: $634MQ4 ’18Q1 ’19: $804MQ2 ’19: $689MQ3 ’19: $561MQ4 ’19: $673MQ4 ’19Q1 ’20: $578MQ2 ’20: $751MQ3 ’20: $1.1BQ4 ’20: $1.5BQ4 ’20Q1 ’21: $1.4BQ2 ’21: $1.8BQ3 ’21: $1.6BQ4 ’21: $1.7BQ4 ’21Q1 ’22: $2.2BQ2 ’22: $1.5BQ3 ’22: $830MQ4 ’22: $699MQ4 ’22Q1 ’23: $747MQ2 ’23: $741MQ3 ’23: $548MQ4 ’23: $415MQ4 ’23Q1 ’24: $441MQ2 ’24: $401MQ3 ’24: $355MQ4 ’24: $391MQ4 ’24Q1 ’25: $438MQ2 ’25: $621MQ3 ’25: $748MQ4 ’25: $474MQ4 ’25Q1 ’26: $515Mfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 90.8%ADR: 5.0%Other: 1.9%Common Stock: 1.1%GLOBAL: 0.7%Other: 0.5%
  • US DOMESTIC · 90.8% · $1.4B
  • ADR · 5.0% · $75M
  • Other · 1.9% · $28M
  • Common Stock · 1.1% · $16M
  • GLOBAL · 0.7% · $10M
  • Other · 0.5% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SNAPNEW+30.00M30.00M+$68M$68M
CLEVELAND-CLIFFS INC NEWNEW+32.87M32.87M+$64M$64M
ISIS PHARMACEUTICALS INC DELNEW+9.05M9.05M+$10M$10M
UNITED STATES STL CORP NEWNEW+6.50M6.50M+$10M$10M
FORTUNA SILVER MINES INCNEW+5.15M5.15M+$9M$9M
OKTA INCNEW+2.50M2.50M+$4M$4M
AURORA CANNABIS INCNEW+4.55M4.55M+$4M$4M
CANOPY GROWTH CORPNEW+81.3K81.3K+$2M$2M

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

Holdings — Q4 2020

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TESLA INCNOTE 2.000% 5/134.31%$512M45.00M
2DOCUSIGN INCNOTE 0.500% 9/17.17%$107M34.34M
3TERADYNE INCNOTE 1.250%12/16.35%$95M25.00M
4RENEWABLE ENERGY GROUP INCNOTE 4.000% 6/15.96%$89M13.53M
5SNAPNOTE 0.750% 8/04.57%$68M30.00M
6NICE SYS INCNOTE 1.250% 1/14.56%$68M20.00M
7CLEVELAND-CLIFFS INC NEWDBCV 1.500% 1/14.32%$64M32.87M
8J2 GLOBAL INCNOTE 3.250% 6/13.04%$45M31.00M
9LIBERTY MEDIA CORP DELDEB 3.500% 1/12.99%$45M48.16M
10MERCADOLIBRE INCNOTE 2.000% 8/12.55%$38M10.00M
11WORLD WRESTLING ENTMT INCNOTE 3.375%12/12.04%$30M15.00M
12TALEND S AADS1.85%$28M720.4K
13TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS1.76%$26M1.44M
14ALLEGHENY TECHNOLOGIES INCNOTE 4.750% 7/01.64%$25M17.50M
15NUANCE COMMUNICATIONS INCDBCV 1.000%12/11.56%$23M12.50M
16REALPAGE INCNOTE 1.500%11/11.40%$21M10.00M
17SPLUNK INCNOTE 1.125% 9/11.36%$20M15.00M
18AUTLAUTOLUS THERAPEUTICS PLChistory →SPON ADS1.29%$19M2.15M
19INSULET CORPNOTE 1.375% 11/10.92%$14M5.00M
20FREELINE THERAPEUTICS HLDGSSPONSORED ADS0.92%$14M750.0K
21AKAMAI TECHNOLOGIES INCNOTE 0.125% 5/00.83%$12M10.00M
22COUPA SOFTWARE INCNOTE 0.125% 6/10.73%$11M5.00M
23ISIS PHARMACEUTICALS INC DELNOTE 1.000%11/10.66%$10M9.05M
24LYFTLYFT INCCL A COM0.66%$10M200.0K
25UNITED STATES STL CORP NEWNOTE 5.000%11/00.66%$10M6.50M
26FORTUNA SILVER MINES INCSDCV 4.650%10/30.62%$9M5.15M
27ZILLOW GROUP INCNOTE 1.375% 9/00.62%$9M3.04M
28COLFAX CORPUNIT 01/15/2022T0.54%$8M50.0K
29INTREXON CORPNOTE 3.500% 7/00.49%$7M8.55M
30CORENERGY INFRASTRUCTURE TRNOTE 5.875% 8/10.46%$7M9.50M
31MAGNACHIP SEMICONDUCTOR SANOTE 5.00% 3/00.45%$7M4.00M
32CHENIERE ENERGY INCNOTE 4.250% 3/10.37%$6M7.00M
33LEXICON PHARMACEUTICALS INCNOTE 5.250%12/00.30%$4M5.25M
34INSIGHT ENTERPRISES INCNOTE 0.750% 2/10.26%$4M3.00M
35SSRMSSR MNG INCCOM0.25%$4M187.1K
36OKTA INCNOTE 0.125% 9/00.25%$4M2.50M
37AURORA CANNABIS INCNOTE 5.500% 2/20.24%$4M4.55M
38INSEEGO CORPNOTE 3.250% 5/00.19%$3M2.00M
39WAYFAIR INCNOTE 1.000% 8/10.17%$3M1.50M
40CANOPY GROWTH CORPCOM0.13%$2M81.3K
41INTEGRA RES CORPCOM NEW0.12%$2M450.1K
42CXWCORECIVIC INCCOM0.12%$2M267.0K
43GOLGBPGOL LINHAS AEREAS INTLG S ASPON ADR PFD NEW0.11%$2M172.1K
44HOSTESS BRANDS INC*W EXP 11/04/2020.09%$1M882.5K
45AMERICAN AIRLS GROUP INCNOTE 6.500% 7/00.04%$647,000500.0K
46SNOWSNOWFLAKE INCCL A0.00%$23,00080
47BMY-RBRISTOL-MYERS SQUIBB CORIGHT 99/99/99990.00%$0200.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$515M40May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$474M31Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$748M47Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$621M40Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$438M32May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$391M28Feb 21, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$355M26Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$401M30Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$441M32May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$415M35Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$548M50Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$741M55Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$747M57May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$699M75Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$830M150Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.5B199Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.2B226May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.7B217Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.6B206Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.8B196Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.4B112May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.5B50Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.1B48Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$751M43Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$578M41May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$673M42Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$561M50Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$689M58Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$804M52May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$634M51Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • Polygon Global Partners LP028-15284
  • TFG Asset Management L.P.028-15282
  • Polygon Global Partners LLP028-15285

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 ↗.