Managers / Q2 2022 · view latest →
TEGEAN CAPITAL MANAGEMENT, LLC
CIK 0001536063 · 405 LEXINGTON AVENUE, 26TH FLOOR, SUITE 2622, NEW YORK, NY, 10174 · 212-201-1953
Reported Value
$2.4B
Q2 2022
Positions
176
includes revealed positions
Filings on Record
26
2019–present window
Filed
Aug 15, 2022
original filing
Summary
Tegean Capital Management, LLC reported $2.4B in U.S.-listed holdings across 176 positions for Q2 2022.
The portfolio is heavily concentrated: MSTR alone accounts for 56.4% of reported value.
Compared with Q1 2022, the fund opened 7 new positions and exited 14.
Portfolio Metrics
Turnover
+8.3%
vs prior filed quarter
Top-10 Concentration
+97.7%
share of reported value
Largest Position
+56.4%
Microstrategy
New / Exited
7 / 14
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
Portfolio Composition
By security type
- US DOMESTIC · 93.0% · $2.2B
- Common Stock · 4.1% · $99M
- Other · 1.8% · $42M
- REIT · 1.0% · $25M
- ADR · 0.1% · $2M
- Equity WRT · 0.0% · $3,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MICROSTRATEGY INCREVEALED | NEW | +3.00M | 3.00M | +$1.4B | $1.4B |
| COINBASE GLOBAL INCREVEALED | NEW | +1.00M | 1.00M | +$561M | $561M |
| PELOTON INTERACTIVE INCREVEALED | NEW | +500.0K | 500.0K | +$316M | $316M |
| AGNCAGNC INVT CORPREVEALED | NEW | +2.25M | 2.25M | +$25M | $25M |
| JPMJPMORGAN CHASE & COREVEALED | NEW | +150.0K | 150.0K | +$17M | $17M |
| WBDWARNER BROS DISCOVERY INCREVEALED | NEW | +900.0K | 900.0K | +$12M | $12M |
| GMGENERAL MTRS COREVEALED | NEW | +300.0K | 300.0K | +$10M | $10M |
| RXR ACQUISITION CORPREVEALED | ADDED | +160.0K | 180.0K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2022REVEALED
44 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MSTRMICROSTRATEGY INCREVEALED | NOTE 0.750%12/1 · CL A NEW | 56.39% | $1.4B | 3.00M |
| 2 | COINBASE GLOBAL INCREVEALED | NOTE 0.500% 6/0 | 23.40% | $561M | 1.00M |
| 3 | PELOTON INTERACTIVE INCREVEALED | NOTE 2/1 | 13.20% | $316M | 500.0K |
| 4 | AGNCAGNC INVT CORPREVEALEDhistory → | COM | 1.04% | $25M | 2.25M |
| 5 | GSGOLDMAN SACHS GROUP INCREVEALEDhistory → | COM | 0.74% | $18M | 60.0K |
| 6 | JPMJPMORGAN CHASE & COREVEALEDhistory → | COM | 0.71% | $17M | 150.0K |
| 7 | AGOASSURED GUARANTY LTDREVEALEDhistory → | COM | 0.59% | $14M | 255.0K |
| 8 | COFCAPITAL ONE FINL CORPREVEALEDhistory → | COM | 0.59% | $14M | 135.0K |
| 9 | CCITIGROUP INCREVEALEDhistory → | COM NEW | 0.58% | $14M | 300.0K |
| 10 | WBDWARNER BROS DISCOVERY INCREVEALEDhistory → | COM SER A | 0.50% | $12M | 900.0K |
| 11 | GMGENERAL MTRS COREVEALED | COM | 0.40% | $10M | 300.0K |
| 12 | RXR ACQUISITION CORPREVEALED | *W EXP 03/08/202 · CLASS A COM | 0.12% | $3M | 330.0K |
| 13 | NOKNOKIA CORPREVEALED | SPONSORED ADR | 0.10% | $2M | 500.0K |
| 14 | ANZU SPECIAL ACQUISITIN CORPREVEALED | COM CL A · *W EXP 01/27/202 | 0.09% | $2M | 280.0K |
| 15 | CROWN PROPTECH ACQUISITIONSREVEALED | SHS CL A · *W EXP 99/99/999 | 0.06% | $1M | 200.0K |
| 16 | OYSTER ENTERPRISES ACQ CORPREVEALED | COM CL A · *W EXP 01/20/202 | 0.06% | $1M | 225.0K |
| 17 | AGILE GROWTH CORPREVEALED | CLASS A ORD · *W EXP 03/09/202 | 0.06% | $1M | 200.0K |
| 18 | PRIVETERRA ACQUISITION CORPREVEALED | CL A · *W EXP 02/28/202 | 0.06% | $1M | 192.0K |
| 19 | FLAME ACQUISITION CORPREVEALED | COM CL A · *W EXP 02/26/202 | 0.06% | $1M | 200.9K |
| 20 | BOA ACQUISITION CORPREVEALED | COM CL A · *W EXP 02/22/202 | 0.06% | $1M | 200.0K |
| 21 | MDH ACQUISITION CORPREVEALED | COM CL A | 0.06% | $1M | 150.0K |
| 22 | KERNEL GROUP HOLDINGS INCREVEALED | CL A SHS | 0.06% | $1M | 150.0K |
| 23 | ROSECLIFF ACQUISITION CORP IREVEALED | COM CL A | 0.06% | $1M | 150.0K |
| 24 | VECTOR ACQUISITION CORP IIREVEALED | CL A SHS | 0.06% | $1M | 150.0K |
| 25 | KISMET ACQUISITION THREE CORREVEALED | CL A SHARES · *W EXP 06/30/202 | 0.06% | $1M | 200.0K |
| 26 | TLG ACQUISITION ONE CORPREVEALED | COM CL A · *W EXP 01/25/202 | 0.06% | $1M | 200.0K |
| 27 | MASON INDUSTRIAL TECHNOLGY IREVEALED | COM CL A · *W EXP 99/99/999 | 0.06% | $1M | 185.4K |
| 28 | VELOCITY ACQUISITION CORPREVEALED | COM CL A · *W EXP 02/24/202 | 0.06% | $1M | 198.0K |
| 29 | AURORA ACQUISITION CORPREVEALED | CLASS A ORD SHS | 0.06% | $1M | 150.0K |
| 30 | TWELVE SEAS INVESTMENT CO IIREVEALED | COM CL A · *W EXP 03/02/202 | 0.06% | $1M | 200.0K |
| 31 | PWP FORWARD ACQUISITION CORPREVEALED | CLASS A COM · *W EXP 03/12/202 | 0.06% | $1M | 180.0K |
| 32 | ADVANCED MERGER PARTNERS INCREVEALED | COM CL A | 0.06% | $1M | 150.0K |
| 33 | DHB CAPITAL CORPREVEALED | CL A COM | 0.06% | $1M | 150.0K |
| 34 | STRATIM CLOUD ACQUISITION COREVEALED | CLASS A COM · *W EXP 03/05/202 | 0.06% | $1M | 200.0K |
| 35 | EDIFY ACQUISITION CORPREVEALED | CL A · *W EXP 11/25/202 | 0.06% | $1M | 219.2K |
| 36 | IBERE PHARMACEUTICALSREVEALED | SHS CL A · *W EXP 03/01/202 | 0.06% | $1M | 205.7K |
| 37 | NOBLE ROCK ACQUISITION CORPREVEALED | CL A SHS · *W EXP 01/31/202 | 0.04% | $982,000 | 119.8K |
| 38 | CARTESIAN GROWTH CORPREVEALED | CL A SHS | 0.04% | $976,000 | 99.2K |
| 39 | KISMET ACQUISITION TWO CORPREVEALED | CL A SHS · *W EXP 06/30/202 | 0.04% | $960,000 | 127.3K |
| 40 | TECH AND ENERGY TRANSITIONREVEALED | CLASS A COM | 0.03% | $732,000 | 75.0K |
| 41 | NORTHERN REVIVAL ACQUISITIONREVEALED | CL A SHS · *W EXP 01/31/202 | 0.02% | $491,000 | 59.9K |
| 42 | ALVARIUM TIEDEMANN HLDNGS INREVEALED | CL A SHS | 0.02% | $488,000 | 49.6K |
| 43 | QUADRO ACQUISITION ONE CORPREVEALED | CL A SHS · *W EXP 06/30/202 | 0.02% | $480,000 | 63.7K |
| 44 | SBIIWSANDBRIDGE X2 CORPREVEALED | *W EXP 03/11/202 | 0.00% | $3,000 | 50.0K |
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 ↗.