Managers / Q4 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 $67M in U.S.-listed holdings across 13 positions for Q4 2019.
Its largest position, WDC, represents 18.9% of the portfolio.
Compared with Q3 2019, the fund opened 4 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 · 100.0% · $67M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NNINELNET INC | NEW | +100.0K | 100.0K | +$6M | $6M |
| TCFTCF FINL CORP | NEW | +65.0K | 65.0K | +$3M | $3M |
| AMATAPPLIED MATLS INC | NEW | +25.0K | 25.0K | +$2M | $2M |
| SYNESYNTHESIS ENERGY SYS INC | NEW | +10.0K | 10.0K | +$57,000 | $57,000 |
| WDCWESTERN DIGITAL CORP | ADDED | +151.2K | 201.2K | +$10M | $13M |
| COFCAPITAL ONE FINL CORP | SOLD OUT | −90.0K | 0 | −$8M | $0 |
| MCHPMICROCHIP TECHNOLOGY INC | SOLD OUT | −80.0K | 0 | −$7M | $0 |
| ALAIR LEASE CORP | SOLD OUT | −160.0K | 0 | −$7M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WDCWESTERN DIGITAL CORPhistory → | COM | 18.95% | $13M | 201.2K |
| 2 | GSGOLDMAN SACHS GROUP INChistory → | COM | 15.22% | $10M | 44.6K |
| 3 | CCITIGROUP INChistory → | COM NEW | 13.63% | $9M | 115.0K |
| 4 | MUMICRON TECHNOLOGY INChistory → | COM | 11.97% | $8M | 150.0K |
| 5 | MSMORGAN STANLEYhistory → | COM NEW | 11.38% | $8M | 150.0K |
| 6 | NNINELNET INChistory → | CL A | 8.64% | $6M | 100.0K |
| 7 | MBIMBIA INChistory → | COM | 5.52% | $4M | 400.0K |
| 8 | TCFTCF FINL CORPhistory → | COM | 4.51% | $3M | 65.0K |
| 9 | CLFCLEVELAND CLIFFS INChistory → | COM | 3.74% | $3M | 300.0K |
| 10 | AGOASSURED GUARANTY LTDhistory → | COM | 3.64% | $2M | 50.0K |
| 11 | AMATAPPLIED MATLS INChistory → | COM | 2.26% | $2M | 25.0K |
| 12 | ICMBINVESTCORP CR MGMT BDC INC | COM | 0.45% | $302,000 | 45.0K |
| 13 | SYNESYNTHESIS ENERGY SYS INC | COM | 0.08% | $57,000 | 10.0K |
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 ↗.