SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Tetragon Partners GP Ltd

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

Reported Value
$1.7B
Q4 2021
Positions
217
Filings on Record
31
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Tetragon Partners GP Ltd reported $1.7B in U.S.-listed holdings across 217 positions for Q4 2021.

Its largest position, American Eagle Outfitters In, represents 8.3% of the portfolio.

Compared with Q3 2021, the fund opened 37 new positions and exited 27.

Portfolio Metrics

Turnover
+23.1%
vs prior filed quarter
Top-10 Concentration
+42.2%
share of reported value
Largest Position
+8.3%
American Eagle Outfitters In
New / Exited
37 / 27
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: 71.0%Other: 18.8%Equity WRT: 3.2%Common Stock: 2.7%ADR: 1.9%Other: 2.3%
  • US DOMESTIC · 71.0% · $1.2B
  • Other · 18.8% · $312M
  • Equity WRT · 3.2% · $53M
  • Common Stock · 2.7% · $45M
  • ADR · 1.9% · $32M
  • Other · 2.3% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MONGODB INCNEW+15.00M15.00M+$38M$38M
ARCH RESOURCES INCNEW+14.52M14.52M+$38M$38M
SILICON LABORATORIES INCNEW+21.40M21.40M+$38M$38M
INSULET CORPNEW+25.00M25.00M+$33M$33M
MICROSTRATEGY INCNEW+14.50M14.50M+$23M$23M
DATADOG INCNEW+10.00M10.00M+$20M$20M
HESKA CORPNEW+5.25M5.25M+$12M$12M
WOLFSPEED INCNEW+4.00M4.00M+$10M$10M

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

Holdings — Q4 2021

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMERICAN EAGLE OUTFITTERS INNOTE 3.750% 4/18.33%$138M45.40M
2ENVISTA HOLDINGS CORPORATIONNOTE 2.375% 6/06.96%$115M51.75M
3SNAP INCNOTE 0.750% 8/0 · NOTE 0.250% 5/05.51%$91M42.00M
4CYTOKINETICS INCNOTE 4.000%11/14.75%$79M17.63M
5PALO ALTO NETWORKS INCNOTE 0.375% 6/04.52%$75M39.50M
6CHESAPEAKE ENERGY CORP*W EXP 99/99/9992.99%$50M1.28M
7NICE SYS INCNOTE 1.250% 1/12.97%$49M13.49M
8NCL CORP LTDNOTE 6.000% 5/12.75%$46M26.31M
9MONGODB INCNOTE 0.250% 1/12.31%$38M15.00M
10ARCH RESOURCES INCNOTE 5.250%11/12.30%$38M14.52M
11SILICON LABORATORIES INCNOTE 0.625% 6/12.27%$38M21.40M
12INSULET CORPNOTE 0.375% 9/02.00%$33M25.00M
13WORLD WRESTLING ENTMT INCNOTE 3.375%12/11.86%$31M15.00M
14NATIONAL VISION HLDGS INCNOTE 2.500% 5/11.83%$30M18.10M
15NUANCE COMMUNICATIONS INCDBCV 1.000%12/11.73%$29M12.50M
16AKAMAI TECHNOLOGIES INCNOTE 0.125% 5/01.69%$28M21.32M
17LYFT INCNOTE 1.500% 5/11.61%$27M20.00M
18MICROSTRATEGY INCNOTE 0.750%12/11.37%$23M14.50M
19LIGAND PHARMACEUTICALS INCNOTE 0.750% 5/11.32%$22M21.60M
202U INCNOTE 2.250% 5/01.29%$21M20.00M
21DATADOG INCNOTE 0.125% 6/11.21%$20M10.00M
22UNITED STATES STL CORPNOTE 5.000%11/01.13%$19M9.35M
23BALLYS CORPORATIONCOM1.09%$18M475.0K
24PETIQ INCNOTE 4.000% 6/01.09%$18M15.33M
25EAGLE BULK SHIPPING INCNOTE 5.000% 8/01.01%$17M11.53M
26ALLEGHENY TECHNOLOGIES INCNOTE 4.750% 7/00.94%$16M12.50M
27AUTLAUTOLUS THERAPEUTICS PLChistory →SPON ADS0.84%$14M2.70M
28SPLUNK INCNOTE 1.125% 9/10.84%$14M12.50M
29PINGUSDPING IDENTITY HLDG CORPhistory →COM0.83%$14M600.0K
30HESKA CORPNOTE 3.750% 9/10.72%$12M5.25M
31BANDWIDTH INCNOTE 0.250% 3/00.71%$12M11.16M
32BRIDGEBIO PHARMA INCNOTE 2.500% 3/10.66%$11M15.00M
33KKR ACQUISITION HOLDING I COCOM CLASS A0.63%$10M1.07M
34FORTRESS VALUE ACQUISI CORPCOM CL A0.63%$10M1.07M
35ANTERO RESOURCES CORPNOTE 4.250% 9/00.62%$10M2.50M
36TAKEDA PHARMACEUTICAL CO LTDSPONSORED ADS0.62%$10M751.1K
37WOLFSPEED INCNOTE 1.750% 5/00.59%$10M4.00M
38COUPA SOFTWARE INCNOTE 0.125% 6/10.59%$10M8.00M
39CORENERGY INFRASTRUCTURE TRNOTE 5.875% 8/10.54%$9M9.50M
40HEALTH CATALYST INCNOTE 2.500% 4/10.53%$9M6.00M
41CINEMARK HLDGS INCNOTE 4.500% 8/10.52%$9M6.00M
42BYTE ACQUISITION CORPCLASS A ORD SHS0.50%$8M850.0K
43AHREN ACQUISITION CORPUNIT 12/09/20260.45%$8M750.0K
44REVELSTONE CAPITAL ACQSTN COUNIT 12/17/20260.45%$7M750.0K
45G SQUARED ASCEND I INCSHS CL A0.45%$7M750.0K
46VIRGIN GROUP ACQUISIT CORP ISHS CL A0.45%$7M750.0K

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 ↗.