SEC 13F Intelligence

Managers / Q1 2020 · view latest →

TEGEAN CAPITAL MANAGEMENT, LLC

CIK 0001536063 · 405 LEXINGTON AVENUE, 26TH FLOOR, SUITE 2622, NEW YORK, NY, 10174 · 212-201-1953

Reported Value
$28M
Q1 2020
Positions
11
Filings on Record
24
2019–present window
Filed
May 15, 2020
original filing

Summary

Tegean Capital Management, LLC reported $28M in U.S.-listed holdings across 11 positions for Q1 2020.

The portfolio is heavily concentrated: GS alone accounts for 23.8% of reported value.

Compared with Q4 2019, the fund opened 6 new positions and exited 8.

Portfolio Metrics

Turnover
+24.5%
vs prior filed quarter
Top-10 Concentration
+99.3%
share of reported value
Largest Position
+23.8%
Goldman Sachs
New / Exited
6 / 8
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, 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

13F Reported Value
Q1 ’19: $147MQ1 ’19Q2 ’19: $114MQ3 ’19: $84MQ3 ’19Q4 ’19: $67MQ1 ’20: $28MQ1 ’20Q2 ’20: $35MQ3 ’20: $35MQ3 ’20Q4 ’21: $194MQ1 ’22: $188MQ1 ’22Q2 ’22: $2.4BQ3 ’22: $4.7BQ3 ’22Q1 ’23: $147MQ2 ’23: $149MQ2 ’23Q3 ’23: $95MQ4 ’23: $82MQ4 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 99.1%Other: 0.9%
  • Common Stock · 99.1% · $27M
  • Other · 0.9% · $248,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ABXBARRICK GOLD CORPORATIONNEW+250.0K250.0K+$5M$5M
ARCCARES CAPITAL CORPNEW+311.6K311.6K+$3M$3M
ALAIR LEASE CORPNEW+85.1K85.1K+$2M$2M
COFCAPITAL ONE FINL CORPNEW+15.0K15.0K+$756,000$756,000
HC2 HLDGS INCNEW+160.0K160.0K+$248,000$248,000
NINEQNINE ENERGY SVC INCNEW+250.0K250.0K+$202,000$202,000
AGOASSURED GUARANTY LTDADDED+68.8K118.8K+$613,000$3M
WDCWESTERN DIGITAL CORPSOLD OUT−201.2K0−$13M$0

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

Holdings — Q1 2020

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GSGOLDMAN SACHS GROUP INChistory →COM23.82%$7M42.5K
2ABXBARRICK GOLD CORPORATIONhistory →COM16.61%$5M250.0K
3ARCCARES CAPITAL CORPhistory →COM12.18%$3M311.6K
4AGOASSURED GUARANTY LTDhistory →COM11.11%$3M118.8K
5TCFTCF FINANCIAL CORPORATION NEhistory →COM10.27%$3M125.0K
6MBIMBIA INChistory →COM8.23%$2M317.7K
7ALAIR LEASE CORPhistory →CL A6.83%$2M85.1K
8NNINELNET INChistory →CL A6.58%$2M40.0K
9COFCAPITAL ONE FINL CORPhistory →COM2.74%$756,00015.0K
10HC2 HLDGS INCCOM0.90%$248,000160.0K
11NINEQNINE ENERGY SVC INCCOM0.73%$202,000250.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2023$82M16Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$95M26Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$149M39Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023REVEALED$147M39May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022REVEALEDUnder review27Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022REVEALED$4.7B73Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022REVEALED$2.4B176Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022REVEALED$188M135May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021REVEALED$194M141Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2020$35M11Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$35M8Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$28M11May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$67M13Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$84M15Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$114M17Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$147M21May 15, 201913F-HRchanges · 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 ↗.