Managers / Q2 2023 · 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 $149M in U.S.-listed holdings across 39 positions for Q2 2023.
Its largest position, C, represents 13.9% of the portfolio.
Compared with Q1 2023, the fund opened 10 new positions and exited 25.
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 · 80.1% · $119M
- REIT · 8.7% · $13M
- ADR · 6.2% · $9M
- US DOMESTIC · 5.0% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NEMNEWMONT CORPREVEALED | NEW | +200.0K | 200.0K | +$9M | $9M |
| PYPLPAYPAL HLDGS INCREVEALED | NEW | +100.0K | 100.0K | +$7M | $7M |
| NOKNOKIA CORPREVEALED | NEW | +1.00M | 1.00M | +$4M | $4M |
| AEMAGNICO EAGLE MINES LTDREVEALED | NEW | +80.0K | 80.0K | +$4M | $4M |
| GPNGLOBAL PMTS INCREVEALED | NEW | +40.0K | 40.0K | +$4M | $4M |
| KEYKEYCORPREVEALED | NEW | +400.0K | 400.0K | +$4M | $4M |
| CIENCIENA CORPREVEALED | NEW | +80.0K | 80.0K | +$3M | $3M |
| MICROSTRATEGY INCREVEALED | NEW | +5.00M | 5.00M | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023REVEALED
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CCITIGROUP INCREVEALEDhistory → | COM NEW | 13.93% | $21M | 450.0K |
| 2 | WBDWARNER BROS DISCOVERY INCREVEALEDhistory → | COM SER A | 12.17% | $18M | 1.44M |
| 3 | AGOASSURED GUARANTY LTDREVEALEDhistory → | COM | 9.38% | $14M | 250.0K |
| 4 | METAMETA PLATFORMS INCREVEALEDhistory → | CL A | 7.72% | $11M | 40.0K |
| 5 | COHRCOHERENT CORPREVEALEDhistory → | COM | 7.54% | $11M | 220.0K |
| 6 | AGNCAGNC INVT CORPREVEALEDhistory → | COM | 6.81% | $10M | 1.00M |
| 7 | GMGENERAL MTRS COREVEALEDhistory → | COM | 6.48% | $10M | 250.0K |
| 8 | NEMNEWMONT CORPREVEALEDhistory → | COM | 5.73% | $9M | 200.0K |
| 9 | PYPLPAYPAL HLDGS INCREVEALEDhistory → | COM | 4.49% | $7M | 100.0K |
| 10 | BABAALIBABA GROUP HLDG LTDREVEALEDhistory → | SPONSORED ADS | 3.36% | $5M | 60.0K |
| 11 | NOKNOKIA CORPREVEALEDhistory → | SPONSORED ADR | 2.80% | $4M | 1.00M |
| 12 | AEMAGNICO EAGLE MINES LTDREVEALEDhistory → | COM | 2.69% | $4M | 80.0K |
| 13 | GPNGLOBAL PMTS INCREVEALEDhistory → | COM | 2.65% | $4M | 40.0K |
| 14 | KEYKEYCORPREVEALEDhistory → | COM | 2.48% | $4M | 400.0K |
| 15 | CIENCIENA CORPREVEALEDhistory → | COM NEW | 2.28% | $3M | 80.0K |
| 16 | MICROSTRATEGY INCREVEALED | NOTE 2/1 | 2.22% | $3M | 5.00M |
| 17 | CIMCHIMERA INVT CORPREVEALEDhistory → | COM NEW | 1.94% | $3M | 500.0K |
| 18 | MBIMBIA INCREVEALEDhistory → | COM | 1.74% | $3M | 300.0K |
| 19 | COINBASE GLOBAL INCREVEALED | NOTE 0.500% 6/0 | 1.53% | $2M | 3.00M |
| 20 | PELOTON INTERACTIVE INCREVEALED | NOTE 2/1 | 1.28% | $2M | 2.50M |
| 21 | MRVLMARVELL TECHNOLOGY INCREVEALED | COM | 0.80% | $1M | 20.0K |
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 ↗.