Managers / Q2 2019 · view latest →
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 $114M in U.S.-listed holdings across 17 positions for Q2 2019.
Its largest position, AGO, represents 12.4% of the portfolio.
Compared with Q1 2019, the fund opened 2 new positions and exited 6.
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 · 97.9% · $111M
- Other · 2.1% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ARCCARES CAP CORP | NEW | +250.0K | 250.0K | +$4M | $4M |
| TCF FINL CORP | NEW | +100.0K | 100.0K | +$2M | $2M |
| KEYKEYCORP NEW | SOLD OUT | −450.0K | 0 | −$7M | $0 |
| AAPLAPPLE INC | SOLD OUT | −25.0K | 0 | −$5M | $0 |
| CADENCE BANCORPORATION | SOLD OUT | −250.0K | 0 | −$5M | $0 |
| AMATAPPLIED MATLS INC | SOLD OUT | −100.0K | 0 | −$4M | $0 |
| HBANHUNTINGTON BANCSHARES INC | SOLD OUT | −232.1K | 0 | −$3M | $0 |
| JPCNUVEEN PFD & INCM OPPORTNYS | SOLD OUT | −46.7K | 0 | −$445,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AGOASSURED GUARANTY LTDhistory → | COM | 12.41% | $14M | 335.0K |
| 2 | MSMORGAN STANLEYhistory → | COM NEW | 9.64% | $11M | 250.0K |
| 3 | MCHPMICROCHIP TECHNOLOGY INChistory → | COM | 9.54% | $11M | 125.0K |
| 4 | ALAIR LEASE CORPhistory → | CL A | 9.10% | $10M | 250.0K |
| 5 | GSGOLDMAN SACHS GROUP INChistory → | COM | 9.00% | $10M | 50.0K |
| 6 | COFCAPITAL ONE FINL CORPhistory → | COM | 7.99% | $9M | 100.0K |
| 7 | AERAERCAP HOLDINGS NVhistory → | SHS | 6.87% | $8M | 150.0K |
| 8 | CCITIGROUP INChistory → | COM NEW | 6.16% | $7M | 100.0K |
| 9 | ARCCARES CAP CORPhistory → | COM | 3.95% | $4M | 250.0K |
| 10 | NNINELNET INChistory → | CL A | 3.91% | $4M | 75.0K |
| 11 | CLFCLEVELAND CLIFFS INChistory → | COM | 3.76% | $4M | 400.0K |
| 12 | MUMICRON TECHNOLOGY INChistory → | COM | 3.40% | $4M | 100.0K |
| 13 | MBIMBIA INChistory → | COM | 3.28% | $4M | 400.0K |
| 14 | WDCWESTERN DIGITAL CORPhistory → | COM | 2.09% | $2M | 50.0K |
| 15 | TCF FINL CORP | COM | 1.83% | $2M | 100.0K |
| 16 | CM FIN INC | COM | 0.30% | $342,000 | 45.0K |
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 | Under review | 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 ↗ |
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 ↗.