Managers / Q4 2019 · view latest →
Tilden Park Management I LLC
CIK 0001639592 · 452 FIFTH AVE., 28TH FLOOR, NEW YORK, NY, 10018 · 212-754-1700
Summary
Tilden Park Management I LLC reported $339M in U.S.-listed holdings across 9 positions for Q4 2019.
Its largest position, CME, represents 1.8% of the portfolio.
Compared with Q3 2019, the fund opened 5 new positions and exited 1.
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
- ETP · 98.2% · $333M
- Common Stock · 1.8% · $6M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | NEW | +2.50M | 2.50M | +$59M | $59M |
| EEMISHARES TR | NEW | +900.0K | 900.0K | +$40M | $40M |
| XMESPDR SERIES TRUST | NEW | +1.00M | 1.00M | +$29M | $29M |
| EWZISHARES INC | NEW | +500.0K | 500.0K | +$24M | $24M |
| VANECK VECTORS ETF TRUST | NEW | +1.60M | 1.60M | +$21M | $21M |
| SMHVANECK VECTORS ETF TR | SOLD OUT | −400.0K | 0 | −$48M | $0 |
| FXIISHARES TR | TRIMMED | −1.00M | 1.00M | −$36M | $44M |
| TLTISHARES TR | HELD | +200 | 852.1K | −$6M | $115M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CMECME GROUP INChistory → | COM | 1.78% | $6M | 30.0K |
| 2 | TLTISHARES TR | 20 YR TR BD ETF | 0.01% | $27,000 | 200 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2022 | $5M | 14 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $6M | 15 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $28M | 17 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $64M | 12 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $86M | 17 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $114M | 40 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $147M | 56 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $97M | 4 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $56M | 2 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | Under review | 1 | Aug 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $251M | 7 | May 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $339M | 9 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $255M | 4 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $721M | 15 | Aug 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $191M | 7 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- Tilden Park Capital Management LP028-17424
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 ↗.