Managers / Q2 2020 · 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 $35M in U.S.-listed holdings across 8 positions for Q2 2020.
The portfolio is heavily concentrated: GS alone accounts for 28.4% of reported value.
Compared with Q1 2020, the fund opened 2 new positions and exited 5.
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 · 99.1% · $34M
- Other · 0.9% · $316,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CCITIGROUP INC | NEW | +170.0K | 170.0K | +$9M | $9M |
| OLEDUNIVERSAL DISPLAY CORP | NEW | +5.0K | 5.0K | +$748,000 | $748,000 |
| COFCAPITAL ONE FINL CORP | ADDED | +55.0K | 70.0K | +$4M | $4M |
| ABXBARRICK GOLD CORPORATION | SOLD OUT | −250.0K | 0 | −$5M | $0 |
| TCFTCF FINANCIAL CORPORATION NE | SOLD OUT | −125.0K | 0 | −$3M | $0 |
| ALAIR LEASE CORP | SOLD OUT | −85.1K | 0 | −$2M | $0 |
| NNINELNET INC | SOLD OUT | −40.0K | 0 | −$2M | $0 |
| NINEQNINE ENERGY SVC INC | SOLD OUT | −250.0K | 0 | −$202,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GSGOLDMAN SACHS GROUP INChistory → | COM | 28.39% | $10M | 50.0K |
| 2 | CCITIGROUP INChistory → | COM NEW | 24.96% | $9M | 170.0K |
| 3 | AGOASSURED GUARANTY LTDhistory → | COM | 13.33% | $5M | 190.0K |
| 4 | COFCAPITAL ONE FINL CORPhistory → | COM | 12.59% | $4M | 70.0K |
| 5 | MBIMBIA INChistory → | COM | 9.38% | $3M | 450.0K |
| 6 | ARCCARES CAPITAL CORPhistory → | COM | 8.30% | $3M | 200.0K |
| 7 | OLEDUNIVERSAL DISPLAY CORPhistory → | COM | 2.15% | $748,000 | 5.0K |
| 8 | HC2 HLDGS INC | COM | 0.91% | $316,000 | 94.6K |
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 ↗.