SEC 13F Intelligence

Managers / Q3 2023

Ergoteles LLC

CIK 0001569136 · 150 E52ND ST, 26TH FLOOR, NEW YORK, NY, 10022 · 646-701-0015

Reported Value
$68M
Q3 2023
Positions
19
Filings on Record
14
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Ergoteles LLC reported $68M in U.S.-listed holdings across 19 positions for Q3 2023.

The portfolio is heavily concentrated: ATVIEUR alone accounts for 22.5% of reported value.

Compared with Q2 2023, the fund opened 6 new positions and exited 981.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+93.2%
share of reported value
Largest Position
+22.5%
Activision Blizzard
New / Exited
6 / 981
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. 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
Q3 ’20: $756MQ3 ’20Q4 ’20: $3.0BQ1 ’21: $3.2BQ1 ’21Q2 ’21: $4.4BQ3 ’21: $2.7BQ3 ’21Q4 ’21: $2.6BQ1 ’22: $2.6BQ1 ’22Q2 ’22: $3.3BQ3 ’22: $2.8BQ3 ’22Q4 ’22: $2.7BQ1 ’23: $2.6BQ1 ’23Q2 ’23: $2.1BQ3 ’23: $68MQ3 ’23filingsflow.com

Portfolio Composition

By security type
Common Stock: 49.4%Other: 47.5%ETP: 3.0%
  • Common Stock · 49.4% · $34M
  • Other · 47.5% · $32M
  • ETP · 3.0% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ATVIEURACTIVISION BLIZZARD INCNEW+164.0K164.0K+$15M$15M
VMWEURVMWARE INCNEW+33.7K33.7K+$6M$6M
DENUSDDENBURY INCNEW+5.0K5.0K+$490,050$490,050
SPDR SER TRNEW+7.9K7.9K+$414,750$414,750
XLBSELECT SECTOR SPDR TRNEW+5.2K5.2K+$407,125$407,125
AI1USDARLINGTON ASSET INVST CORPNEW+29.2K29.2K+$124,946$124,946
ENETI INCADDED+51.3K73.9K+$471,713$744,600
XLCSELECT SECTOR SPDR TRSOLD OUT−835.3K0−$54M$0

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

Holdings — Q3 2023

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ATVIEURACTIVISION BLIZZARD INChistory →COM22.51%$15M164.0K
2HORIZON THERAPEUTICS PUB LSHS20.67%$14M121.9K
3NATIONAL INSTRS CORPCOM14.25%$10M163.1K
4VMWEURVMWARE INChistory →CL A COM8.23%$6M33.7K
5ARGO GROUP INTL HLDGS LTDCOM7.30%$5M167.0K
6PQ3PROVIDENT FINL SVCS INChistory →COM5.61%$4M250.5K
7AMEDAMEDISYS INChistory →COM4.64%$3M33.9K
8LBAIUSDLAKELAND BANCORP INChistory →COM4.38%$3M237.0K
9NEOGAMES S ASHS4.20%$3M106.1K
10ISHARES TRCHINA LG-CAP ETF · ISHARES BIOTECH1.84%$1M30.1K
11MDWTUSDMIDWEST HLDG INChistory →COM NEW1.43%$978,69037.4K
12GHLEURGREENHILL & CO INChistory →COM1.27%$868,05058.7K
13ENETI INCCOM1.09%$744,60073.9K
14DENUSDDENBURY INCCOM0.72%$490,0505.0K
15SPDR SER TRS&P METALS MNG0.61%$414,7507.9K
16XLBSELECT SECTOR SPDR TRSBI MATERIALS0.60%$407,1255.2K
17EMGAEMAGIN CORPCOM NEW0.46%$314,044157.8K
18AI1USDARLINGTON ASSET INVST CORPCL A NEW0.18%$124,94629.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$68M19Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$2.1B994Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$2.6B1,187May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$2.7B1,398Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.8B1,495Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.3B1,596Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$2.6B1,163May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.6B1,197Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.7B1,162Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$4.4B1,454Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.2B759May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$3.0B642Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$756M582Nov 16, 202013F-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 ↗.