SEC 13F Intelligence

Managers / Q1 2023 · view latest →

TEGEAN CAPITAL MANAGEMENT, LLC

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

Reported Value
$147M
Q1 2023
Positions
39
includes revealed positions
Filings on Record
24
2019–present window
Filed
May 15, 2023
original filing

Summary

Tegean Capital Management, LLC reported $147M in U.S.-listed holdings across 39 positions for Q1 2023.

Its largest position, AGNC, represents 10.9% of the portfolio.

Compared with Q4 2022, the fund opened 30 new positions and exited 9.

Portfolio Metrics

Turnover
+32.8%
vs prior filed quarter
Top-10 Concentration
+78.8%
share of reported value
Largest Position
+10.9%
Agnc Invt
New / Exited
30 / 9
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: 45.7%Other: 43.6%REIT: 6.4%ADR: 4.2%ETP: 0.2%
  • Common Stock · 45.7% · $67M
  • Other · 43.6% · $64M
  • REIT · 6.4% · $9M
  • ADR · 4.2% · $6M
  • ETP · 0.2% · $256,050

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WBDWARNER BROS DISCOVERY INCREVEALEDNEW+600.0K600.0K+$9M$9M
AGNCAGNC INVT CORPNEW+800.0K800.0K+$8M$8M
AGNC INVT CORPREVEALEDNEW+800.0K800.0K+$8M$8M
ASSURED GUARANTY LTDREVEALEDNEW+135.0K135.0K+$7M$7M
GSGOLDMAN SACHS GROUP INCNEW+20.0K20.0K+$7M$7M
GOLDMAN SACHS GROUP INCREVEALEDNEW+20.0K20.0K+$7M$7M
ALIBABA GROUP HLDG LTDREVEALEDNEW+60.0K60.0K+$6M$6M
BABAALIBABA GROUP HLDG LTDNEW+60.0K60.0K+$6M$6M

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

Holdings — Q1 2023REVEALED

21 positions (from 39 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AGNCAGNC INVT CORPREVEALEDCOM10.94%$16M1.60M
2CCITIGROUP INCREVEALEDhistory →COM NEW9.54%$14M300.0K
3AGOASSURED GUARANTY LTDREVEALEDCOM9.21%$14M270.0K
4GSGOLDMAN SACHS GROUP INCREVEALEDCOM8.87%$13M40.0K
5BABAALIBABA GROUP HLDG LTDREVEALEDSPONSORED ADS8.32%$12M120.0K
6COHRCOHERENT CORPREVEALEDCOM7.23%$11M280.0K
7EXPEEXPEDIA GROUP INCREVEALEDCOM NEW6.58%$10M100.0K
8GMGENERAL MTRS COREVEALEDCOM6.22%$9M250.0K
9WBDWARNER BROS DISCOVERY INCREVEALEDhistory →COM SER A6.14%$9M600.0K
10METAMETA PLATFORMS INCREVEALEDCL A5.75%$8M40.0K
11COFCAPITAL ONE FINL CORPREVEALEDCOM5.22%$8M80.0K
12MTCHMATCH GROUP INC NEWREVEALEDCOM3.12%$5M120.0K
13DEUTSCHE BANK A GREVEALEDNAMEN AKT2.77%$4M400.0K
14MBIMBIA INCREVEALEDCOM2.05%$3M326.8K
15CIMCHIMERA INVT CORPREVEALEDCOM NEW1.91%$3M500.0K
16MICROSTRATEGY INCREVEALEDNOTE 2/11.71%$3M5.00M
17MRVLMARVELL TECHNOLOGY INCREVEALEDhistory →COM1.47%$2M50.0K
18COINBASE GLOBAL INCREVEALEDNOTE 0.500% 6/01.30%$2M3.00M
19PELOTON INTERACTIVE INCREVEALEDNOTE 2/11.29%$2M2.50M
20MSOSADVISORSHARES TRREVEALEDPURE US CANNABIS0.35%$512,10090.0K
21QUADRO ACQUISITION ONE CORPREVEALED*W EXP 06/30/2020.00%$60229.3K

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 ↗.