Managers / Q4 2023
TEGEAN CAPITAL MANAGEMENT, LLC
CIK 0001536063 · 405 LEXINGTON AVENUE, 26TH FLOOR, SUITE 2622, NEW YORK, NY, 10174 · 212-201-1953
Summary
Tegean Capital Management, LLC reported $82M in U.S.-listed holdings across 16 positions for Q4 2023.
The portfolio is heavily concentrated: C alone accounts for 20.0% of reported value.
Compared with Q3 2023, the fund opened 1 new position and exited 12.
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 · 80.0% · $66M
- ADR · 9.4% · $8M
- US DOMESTIC · 9.1% · $7M
- REIT · 1.5% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CRMSALESFORCE INC | NEW | +7.0K | 7.0K | +$2M | $2M |
| BACBANK AMERICA CORP | ADDED | +175.0K | 200.0K | +$6M | $7M |
| BABAALIBABA GROUP HLDG LTD | ADDED | +70.0K | 100.0K | +$5M | $8M |
| WOLFSPEED INC | ADDED | +65.0K | 125.0K | +$3M | $5M |
| AGOASSURED GUARANTY LTD | SOLD OUT | −100.0K | 0 | −$6M | $0 |
| QCOMQUALCOMM INC | SOLD OUT | −50.0K | 0 | −$6M | $0 |
| NEMNEWMONT CORP | SOLD OUT | −150.0K | 0 | −$6M | $0 |
| MRVLMARVELL TECHNOLOGY INC | ADDED | +60.0K | 120.0K | +$4M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CCITIGROUP INChistory → | COM NEW | 20.04% | $16M | 250.7K |
| 2 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 11.08% | $9M | 800.0K |
| 3 | BABAALIBABA GROUP HLDG LTDhistory → | SPONSORED ADS | 9.44% | $8M | 100.0K |
| 4 | MRVLMARVELL TECHNOLOGY INChistory → | COM | 8.81% | $7M | 120.0K |
| 5 | BACBANK AMERICA CORPhistory → | COM | 8.20% | $7M | 200.0K |
| 6 | COHRCOHERENT CORPhistory → | COM | 6.62% | $5M | 125.0K |
| 7 | WOLFSPEED INC | COM | 6.62% | $5M | 125.0K |
| 8 | METAMETA PLATFORMS INChistory → | CL A | 6.46% | $5M | 15.0K |
| 9 | MICROSTRATEGY INC | NOTE 2/1 | 5.30% | $4M | 5.00M |
| 10 | WDCWESTERN DIGITAL CORP.history → | COM | 4.78% | $4M | 75.0K |
| 11 | GMGENERAL MTRS COhistory → | COM | 4.37% | $4M | 100.0K |
| 12 | PELOTON INTERACTIVE INC | NOTE 2/1 | 3.76% | $3M | 4.00M |
| 13 | CRMSALESFORCE INChistory → | COM | 2.24% | $2M | 7.0K |
| 14 | CIMCHIMERA INVT CORPhistory → | COM NEW | 1.52% | $1M | 250.0K |
| 15 | GFRGREENFIRE RES LTD NEW | COM SHS | 0.75% | $613,104 | 126.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2023 | $82M | 16 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $95M | 26 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023REVEALED | $149M | 39 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023REVEALED | $147M | 39 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022REVEALED | $58M | 27 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022REVEALED | $4.7B | 73 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022REVEALED | $2.4B | 176 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022REVEALED | $188M | 135 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021REVEALED | $194M | 141 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $35M | 11 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $35M | 8 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $28M | 11 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $67M | 13 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $84M | 15 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $114M | 17 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $147M | 21 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $103M | 19 | May 15, 2019 | RESTATEMENT | 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 ↗.