SEC 13F Intelligence

Managers / Q3 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
$35M
Q3 2020
Positions
11
Filings on Record
24
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Tegean Capital Management, LLC reported $35M in U.S.-listed holdings across 11 positions for Q3 2020.

The portfolio is heavily concentrated: GS alone accounts for 22.8% of reported value.

Compared with Q2 2020, the fund opened 4 new positions and exited 1.

Portfolio Metrics

Turnover
+27.2%
vs prior filed quarter
Top-10 Concentration
+99.8%
share of reported value
Largest Position
+22.8%
Goldman Sachs
New / Exited
4 / 1
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: 99.8%Other: 0.2%
  • Common Stock · 99.8% · $35M
  • Other · 0.2% · $65,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MSGSMADISON SQUARE GRDN SPRT CORNEW+40.0K40.0K+$6M$6M
WDCWESTERN DIGITAL CORP.NEW+70.0K70.0K+$3M$3M
DISCOVERY INCNEW+50.0K50.0K+$1M$1M
II-VI INCNEW+1.6K1.6K+$65,000$65,000
HC2 HLDGS INCSOLD OUT−94.6K0−$316,000$0
COFCAPITAL ONE FINL CORPTRIMMED−45.0K25.0K−$3M$2M
MBIMBIA INCTRIMMED−210.0K240.0K−$2M$1M
CCITIGROUP INCTRIMMED−35.0K135.0K−$3M$6M

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

Holdings — Q3 2020

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GSGOLDMAN SACHS GROUP INChistory →COM22.75%$8M40.0K
2MSGSMADISON SQUARE GRDN SPRT CORhistory →CL A17.03%$6M40.0K
3CCITIGROUP INChistory →COM NEW16.47%$6M135.0K
4AGOASSURED GUARANTY LTDhistory →COM13.07%$5M215.0K
5ARCCARES CAPITAL CORPhistory →COM7.90%$3M200.0K
6WDCWESTERN DIGITAL CORP.history →COM7.24%$3M70.0K
7COFCAPITAL ONE FINL CORPhistory →COM5.09%$2M25.0K
8MBIMBIA INChistory →COM4.12%$1M240.0K
9DISCOVERY INCCOM SER A3.08%$1M50.0K
10OLEDUNIVERSAL DISPLAY CORPhistory →COM3.07%$1M6.0K
11II-VI INCCOM0.18%$65,0001.6K

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 ↗.