SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Tilden Park Management I LLC

CIK 0001639592 · 452 FIFTH AVE., 28TH FLOOR, NEW YORK, NY, 10018 · 212-754-1700

Reported Value
$147M
Q1 2021
Positions
56
Filings on Record
15
2019–present window
Filed
May 14, 2021
original filing

Summary

Tilden Park Management I LLC reported $147M in U.S.-listed holdings across 56 positions for Q1 2021.

The portfolio is heavily concentrated: NTST alone accounts for 35.1% of reported value.

Compared with Q4 2020, the fund opened 53 new positions and exited 0.

Portfolio Metrics

Turnover
+22.6%
vs prior filed quarter
Top-10 Concentration
+62.9%
share of reported value
Largest Position
+35.1%
Netstreit

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: $191MQ1 ’19Q2 ’19: $721MQ3 ’19: $255MQ3 ’19Q4 ’19: $339MQ1 ’20: $251MQ1 ’20Q3 ’20: $56MQ4 ’20: $97MQ4 ’20Q1 ’21: $147MQ2 ’21: $114MQ2 ’21Q3 ’21: $86MQ4 ’21: $64MQ4 ’21Q1 ’22: $28MQ2 ’22: $6MQ2 ’22Q3 ’22: $5Mfilingsflow.com

Portfolio Composition

By security type
REIT: 35.1%Common Stock: 31.1%ETP: 22.1%Other: 11.1%Unit: 0.6%
  • REIT · 35.1% · $51M
  • Common Stock · 31.1% · $46M
  • ETP · 22.1% · $32M
  • Other · 11.1% · $16M
  • Unit · 0.6% · $898,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRESPDR SER TRNEW+406.9K406.9K+$27M$27M
FLAGSTAR BANCORP INCNEW+287.4K287.4K+$13M$13M
XHBSPDR SER TRNEW+77.3K77.3K+$5M$5M
REALOGY HLDGS CORPNEW+185.5K185.5K+$3M$3M
BHFBRIGHTHOUSE FINL INCNEW+39.0K39.0K+$2M$2M
AUSTERLITZ ACQUISITION CORPNEW+100.0K100.0K+$1M$1M
AUSTERLITZ ACQUISITION CORPNEW+100.0K100.0K+$1M$1M
WARBURG PINCUS CAPTAL CORP INEW+100.0K100.0K+$998,000$998,000

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

Holdings — Q1 2021

52 positions (from 54 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NTSTNETSTREIT CORPhistory →COM35.08%$51M2.78M
2FLAGSTAR BANCORP INCCOM PAR .0018.83%$13M287.4K
3QSQUANTUMSCAPE CORPhistory →COM CL A8.38%$12M275.0K
4CMECME GROUP INChistory →COM4.17%$6M30.0K
5REALOGY HLDGS CORPCOM1.91%$3M185.5K
6AUSTERLITZ ACQUISITION CORPUNIT 99/99/99991.37%$2M200.0K
7BHFBRIGHTHOUSE FINL INChistory →COM1.18%$2M39.0K
8WARBURG PINCUS CAPTAL CORP IUNIT 99/99/99990.75%$1M110.0K
9GORES GUGGENHEIM INCUNIT 03/25/20280.68%$993,000100.0K
10FBNCFIRST MIDWEST BANCORP DELCOM0.52%$770,00035.1K
11WSBCWESBANCO INCCOM0.52%$765,00021.2K
12HOPEHOPE BANCORP INCCOM0.52%$759,00050.4K
13HAYMAKER ACQUISITION CORP IIUNIT 03/01/20260.51%$746,00075.0K
14FUSION ACQUISITION CORP IIUNIT 02/29/20280.51%$745,00075.0K
15SILVERBOX ENGAGED MERGER COUNIT 03/31/20280.51%$743,00075.0K
16BACBK OF AMERICA CORPCOM0.49%$725,00018.7K
17FBPFIRST BANCORP P RCOM NEW0.49%$717,00063.7K
18WTFCWINTRUST FINL CORPCOM0.48%$711,0009.4K
19SOARING EAGLE ACQUISITION COUNIT 02/23/20260.48%$708,00070.0K
20BKUBANKUNITED INCCOM0.48%$700,00015.9K
21AUBATLANTIC UN BANKSHARES CORPCOM0.47%$696,00018.1K
22WFCWELLS FARGO CO NEWCOM0.47%$696,00017.8K
23SFNCSIMMONS 1ST NATL CORPCL A $1 PAR0.47%$694,00023.4K
24BPOPPOPULAR INCCOM NEW0.47%$693,0009.9K
25STLSTERLING BANCORP DELCOM0.47%$685,00029.8K
26CFRCULLEN FROST BANKERS INCCOM0.46%$680,0006.3K
27CMACOMERICA INCCOM0.46%$679,0009.5K
28EWBCEAST WEST BANCORP INCCOM0.46%$679,0009.2K
29PBPROSPERITY BANCSHARES INCCOM0.46%$672,0009.0K
30GREAT WESTN NATL BK PORTLANDCOM0.46%$670,00017.6K
31TCBITEXAS CAP BANCSHARES INCCOM0.41%$607,0008.6K
32KHOSLA VENTURES ACQUISITIONCL A0.38%$556,00055.0K
33JAWS SPITFIRE ACQUISITION COUNIT 99/99/99990.36%$533,00050.0K
34KHOSLA VENTURES ACQUT CO IIICOM CL A0.34%$498,00050.0K
35NORTHERN STAR INVEST CORP IIUNIT 02/25/20280.34%$498,00050.0K
36TCW SPECIAL PURPOSE ACQU CORUNIT 99/99/99990.34%$498,00050.0K
37HUDSON EXECUTIVE INVES IIIUNIT 02/22/20260.34%$496,00050.0K
38NORTHERN STAR INVEST CORP IVUNIT 02/25/20280.34%$496,00050.0K
39AFRICAN GOLD ACQUISITION CORUNIT 99/99/99990.34%$494,00050.0K
40VELOCITY ACQUISITION CORPUNIT 99/99/99990.34%$493,00050.0K
41KKR ACQUISITION HOLDING I COUNIT 99/99/99990.27%$400,00040.0K
42KHOSLA VENTURES ACQUSTN CO ICOM CL A0.21%$302,00030.0K
43SWITCHBACK II CORPORATIONUNIT 99/99/99990.19%$275,00027.0K
44TRIBE CAPITAL GROWTH CORP IUNIT 02/24/20260.17%$251,00025.0K
45FTAC ATHENA ACQUISITION CORPUNIT 99/99/99990.17%$250,00025.0K
46CF ACQUISITION CORP VIUNIT 99/99/99990.17%$248,00025.0K
47BOA ACQUISITION CORPUNIT 99/99/99990.17%$248,00025.0K
48CARTESIAN GROWTH CORPUNIT 02/26/20280.14%$203,00020.4K
49ADVANCED MERGER PARTNERS INCUNIT 99/99/99990.14%$200,00020.0K
50USHG ACQUISITION CORPUNIT 99/99/99990.10%$151,00015.0K
51DRAGONEER GROWTH OPT CORP IICL A SHS0.07%$101,00010.0K
52DMY TECHNOLOGY GROUP INC IVUNIT 99/99/99990.07%$100,00010.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2022$5M14Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6M15Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$28M17May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$64M12Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$86M17Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$114M40Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$147M56May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$97M4Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$56M2Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020Under review1Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$251M7May 12, 202013F-HRchanges · EDGAR ↗
Q4 2019$339M9Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$255M4Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$721M15Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$191M7May 14, 201913F-HRchanges · 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 ↗.