Managers / Q3 2021 · 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 $86M in U.S.-listed holdings across 17 positions for Q3 2021.
The portfolio is heavily concentrated: NTST alone accounts for 63.0% of reported value.
Compared with Q2 2021, the fund opened 9 new positions and exited 32.
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
- REIT · 63.0% · $54M
- Common Stock · 31.5% · $27M
- Other · 5.5% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CF ACQUISITION CORP VI | NEW | +25.0K | 25.0K | +$243,000 | $243,000 |
| GORES GUGGENHEIM INC | NEW | +20.0K | 20.0K | +$42,000 | $42,000 |
| SILVERBOX ENGAGED MERGER CO | NEW | +25.0K | 25.0K | +$18,000 | $18,000 |
| FUSION ACQUISITION CORP II | NEW | +25.0K | 25.0K | +$17,000 | $17,000 |
| HAYMAKER ACQUISITION CORP II | NEW | +18.8K | 18.8K | +$16,000 | $16,000 |
| VELOCITY ACQUISITION CORP | NEW | +16.7K | 16.7K | +$12,000 | $12,000 |
| KKR ACQUISITION HOLDING I CO | NEW | +10.0K | 10.0K | +$10,000 | $10,000 |
| TCW SPECIAL PURPOSE ACQU COR | NEW | +16.7K | 16.7K | +$10,000 | $10,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NTSTNETSTREIT CORPhistory → | COM | 63.00% | $54M | 2.28M |
| 2 | FLAGSTAR BANCORP INC | COM PAR .001 | 17.01% | $15M | 287.4K |
| 3 | CMECME GROUP INChistory → | COM | 6.80% | $6M | 30.0K |
| 4 | REALOGY HLDGS CORP | COM | 5.03% | $4M | 245.5K |
| 5 | BHFBRIGHTHOUSE FINL INChistory → | COM | 2.92% | $3M | 55.0K |
| 6 | TREELENDINGTREE INC NEWhistory → | COM | 2.39% | $2M | 14.6K |
| 7 | PNNTPENNANTPARK INVT CORPhistory → | COM | 1.52% | $1M | 200.0K |
| 8 | BPOPPOPULAR INC | COM NEW | 0.90% | $768,000 | 9.9K |
| 9 | CF ACQUISITION CORP VI | COM CL A | 0.28% | $243,000 | 25.0K |
| 10 | GORES GUGGENHEIM INC | *W EXP 03/25/202 | 0.05% | $42,000 | 20.0K |
| 11 | SILVERBOX ENGAGED MERGER CO | *W EXP 06/02/202 | 0.02% | $18,000 | 25.0K |
| 12 | FUSION ACQUISITION CORP II | *W EXP 02/29/202 | 0.02% | $17,000 | 25.0K |
| 13 | HAYMAKER ACQUISITION CORP II | *W EXP 03/04/202 | 0.02% | $16,000 | 18.8K |
| 14 | VELOCITY ACQUISITION CORP | *W EXP 02/24/202 | 0.01% | $12,000 | 16.7K |
| 15 | KKR ACQUISITION HOLDING I CO | *W EXP 99/99/999 | 0.01% | $10,000 | 10.0K |
| 16 | TCW SPECIAL PURPOSE ACQU COR | *W EXP 99/99/999 | 0.01% | $10,000 | 16.7K |
| 17 | HUDSON EXECUTIVE INVES III | *W EXP 02/22/202 | 0.01% | $8,000 | 10.0K |
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 ↗.