SEC 13F Intelligence

Managers / Q4 2021 · view latest →

TEGEAN CAPITAL MANAGEMENT, LLC

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

Reported Value
$194M
Q4 2021
Positions
141
includes revealed positions
Filings on Record
24
2019–present window
Filed
Feb 11, 2022
original filing

Summary

Tegean Capital Management, LLC reported $194M in U.S.-listed holdings across 141 positions for Q4 2021.

Its largest position, AGO, represents 14.0% of the portfolio.

Compared with Q3 2020, the fund opened 59 new positions and exited 2.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+68.6%
share of reported value
Largest Position
+14.0%
Assured Guaranty
New / Exited
59 / 2
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: 68.9%Other: 27.8%ADR: 2.6%Unit: 0.7%Equity WRT: 0.0%
  • Common Stock · 68.9% · $134M
  • Other · 27.8% · $54M
  • ADR · 2.6% · $5M
  • Unit · 0.7% · $1M
  • Equity WRT · 0.0% · $18,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
DEUTSCHE BANK A GREVEALEDNEW+1.00M1.00M+$13M$13M
WFCWELLS FARGO CO NEWREVEALEDNEW+380.0K380.0K+$11M$11M
METAMETA PLATFORMS INCREVEALEDNEW+30.0K30.0K+$10M$10M
LUMINAR TECHNOLOGIES INCREVEALEDNEW+300.0K300.0K+$5M$5M
NOKNOKIA CORPREVEALEDNEW+800.0K800.0K+$5M$5M
WARRIOR TECHNOLOGIES ACQUI CREVEALEDNEW+200.0K200.0K+$2M$2M
ANZU SPECIAL ACQUISITIN CORPREVEALEDNEW+140.0K140.0K+$1M$1M
HEALTHCARE CAPITAL CORPREVEALEDNEW+109.5K109.5K+$1M$1M

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

Holdings — Q4 2021REVEALED

51 positions (from 135 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AGOASSURED GUARANTY LTDREVEALEDhistory →COM13.98%$27M540.0K
2WDCWESTERN DIGITAL CORP.REVEALEDhistory →COM8.41%$16M250.0K
3GSGOLDMAN SACHS GROUP INCREVEALEDhistory →COM7.89%$15M40.0K
4II-VI INCREVEALEDCOM7.75%$15M220.0K
5DEUTSCHE BANK A GREVEALEDNAMEN AKT6.45%$13M1.00M
6DISCOVERY INCREVEALEDCOM SER A6.07%$12M500.0K
7METAMETA PLATFORMS INCREVEALEDhistory →CL A5.20%$10M30.0K
8WFCWELLS FARGO CO NEWREVEALEDhistory →COM4.95%$10M200.0K
9COFCAPITAL ONE FINL CORPREVEALEDhistory →COM4.49%$9M60.0K
10OLEDUNIVERSAL DISPLAY CORPREVEALEDhistory →COM3.41%$7M40.0K
11CCITIGROUP INCREVEALEDhistory →COM NEW3.12%$6M100.0K
12LUMINAR TECHNOLOGIES INCREVEALEDCOM CL A2.62%$5M300.0K
13NOKNOKIA CORPREVEALEDhistory →SPONSORED ADR2.57%$5M800.0K
14MBIMBIA INCREVEALEDhistory →COM1.63%$3M200.0K
15WARRIOR TECHNOLOGIES ACQUI CREVEALEDCOM CL A1.01%$2M200.0K
16ANZU SPECIAL ACQUISITIN CORPREVEALEDUNIT 01/27/2026 · *W EXP 01/27/2020.72%$1M186.7K
17HEALTHCARE CAPITAL CORPREVEALEDCOM CL A0.56%$1M109.5K
18CROWN PROPTECH ACQUISITIONSREVEALEDSHS CL A · *W EXP 99/99/9990.52%$1M133.3K
19BOA ACQUISITION CORPREVEALEDCOM CL A · *W EXP 02/22/2020.52%$1M133.3K
20OYSTER ENTERPRISES ACQ CORPREVEALED*W EXP 01/20/2020.52%$1M150.0K
21STRATIM CLOUD ACQUISITION COREVEALEDCLASS A COM · *W EXP 03/05/2020.51%$994,000133.3K
22AGILE GROWTH CORPREVEALEDCLASS A ORD · *W EXP 03/09/2020.51%$994,000133.3K
23MASON INDUSTRIAL TECHNOLGY IREVEALEDCOM CL A · *W EXP 99/99/9990.51%$992,000123.6K
24TLG ACQUISITION ONE CORPREVEALEDCOM CL A · *W EXP 01/25/2020.51%$992,000133.3K
25SBIIWSANDBRIDGE X2 CORPREVEALEDCOM CLASS A · *W EXP 03/11/2020.51%$992,000133.3K
26FLAME ACQUISITION CORPREVEALEDCOM CL A · *W EXP 02/26/2020.51%$992,000133.9K
27AURORA ACQUISITION CORPREVEALEDCLASS A ORD SHS0.51%$990,000100.0K
28RXR ACQUISITION CORPREVEALEDCLASS A COM · *W EXP 03/08/2020.51%$990,000120.0K
29VELOCITY ACQUISITION CORPREVEALEDCOM CL A0.51%$988,000132.0K
30PWP FORWARD ACQUISITION CORPREVEALEDCLASS A COM · *W EXP 03/12/2020.51%$988,000120.0K
31KISMET ACQUISITION THREE CORREVEALED*W EXP 06/30/2020.51%$986,000133.3K
32PRIVETERRA ACQUISITION CORPREVEALEDCL A · *W EXP 02/28/2020.51%$986,000128.0K
33TWELVE SEAS INVESTMENT CO IIREVEALEDCOM CL A · *W EXP 03/02/2020.51%$986,000133.3K
34ROSECLIFF ACQUISITION CORP IREVEALEDCOM CL A0.51%$982,000100.0K
35ITHAX ACQUISITION CORPREVEALEDCL A SHS0.51%$982,000100.0K
36NOBLE ROCK ACQUISITION CORPREVEALEDCL A SHS · *W EXP 01/31/2020.51%$982,000119.8K
37CARTESIAN GROWTH CORPREVEALEDCL A SHS0.51%$980,00099.2K
38MDH ACQUISITION CORPREVEALEDCOM CL A0.51%$980,000100.0K
39FTAC HERA ACQUISITION CORPREVEALEDCLASS A ORD SHS0.50%$978,000100.0K
40VECTOR ACQUISITION CORP IIREVEALEDCL A SHS0.50%$978,000100.0K
41KERNEL GROUP HOLDINGS INCREVEALEDCL A SHS0.50%$976,000100.0K
42DHC ACQUISITION CORPREVEALEDCLASS A ORD SHS0.50%$974,000100.0K
43EDIFY ACQUISITION CORPREVEALEDCL A · *W EXP 11/25/2020.50%$972,000146.1K
44KISMET ACQUISITION TWO CORPREVEALEDCL A SHS · *W EXP 06/30/2020.50%$970,000127.3K
45EJF ACQUISITION CORPREVEALEDUNIT 03/10/20260.49%$948,00095.4K
46IBERE PHARMACEUTICALSREVEALEDSHS CL A · *W EXP 03/01/2020.47%$912,000137.1K
47ROSS ACQUISITION CORP IIREVEALEDSHS CL A0.29%$568,00058.2K
48VPC IMPACT ACQU HOLDI III INREVEALEDCOM CL A0.26%$512,00050.0K
49BYTE ACQUISITION CORPREVEALEDCLASS A ORD SHS0.25%$490,00050.0K
50AFRICAN GOLD ACQUISITION CORREVEALEDSHS CL A0.25%$484,00050.0K
51INDEPENDENCE HOLDINGS CORPREVEALEDCLASS A ORD SHS0.10%$194,00020.0K

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 ↗.