Managers / Q3 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 $84M in U.S.-listed holdings across 15 positions for Q3 2019.
Its largest position, AGO, represents 15.9% of the portfolio.
Compared with Q2 2019, the fund opened 2 new positions and exited 3.
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 · 98.9% · $83M
- Other · 1.1% · $952,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CONSOL ENERGY INC NEW | NEW | +100.0K | 100.0K | +$2M | $2M |
| ICMBINVESTCORP CR MGMT BDC INC | NEW | +45.0K | 45.0K | +$299,000 | $299,000 |
| ARCCARES CAP CORP | SOLD OUT | −250.0K | 0 | −$4M | $0 |
| NNINELNET INC | SOLD OUT | −75.0K | 0 | −$4M | $0 |
| CM FIN INC | SOLD OUT | −45.0K | 0 | −$342,000 | $0 |
| TCF FINL CORP | TRIMMED | −75.0K | 25.0K | −$1M | $952,000 |
| MUMICRON TECHNOLOGY INC | TRIMMED | −200.0K | 100.0K | −$7M | $4M |
| ALAIR LEASE CORP | TRIMMED | −90.0K | 160.0K | −$4M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AGOASSURED GUARANTY LTDhistory → | COM | 15.86% | $13M | 300.0K |
| 2 | GSGOLDMAN SACHS GROUP INChistory → | COM | 11.09% | $9M | 45.0K |
| 3 | MSMORGAN STANLEYhistory → | COM NEW | 10.15% | $9M | 200.0K |
| 4 | COFCAPITAL ONE FINL CORPhistory → | COM | 9.74% | $8M | 90.0K |
| 5 | MCHPMICROCHIP TECHNOLOGY INChistory → | COM | 8.84% | $7M | 80.0K |
| 6 | CCITIGROUP INChistory → | COM NEW | 8.21% | $7M | 100.0K |
| 7 | ALAIR LEASE CORPhistory → | CL A | 7.96% | $7M | 160.0K |
| 8 | AERAERCAP HOLDINGS NVhistory → | SHS | 7.49% | $6M | 115.0K |
| 9 | MUMICRON TECHNOLOGY INChistory → | COM | 5.10% | $4M | 100.0K |
| 10 | MBIMBIA INChistory → | COM | 4.39% | $4M | 400.0K |
| 11 | CLFCLEVELAND CLIFFS INChistory → | COM | 4.29% | $4M | 500.0K |
| 12 | WDCWESTERN DIGITAL CORPhistory → | COM | 3.55% | $3M | 50.0K |
| 13 | CONSOL ENERGY INC NEW | COM | 1.86% | $2M | 100.0K |
| 14 | TCF FINL CORP | COM | 1.13% | $952,000 | 25.0K |
| 15 | ICMBINVESTCORP CR MGMT BDC INC | COM | 0.36% | $299,000 | 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 | $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 ↗.