Managers / Q1 2022
Tibra Equities Europe Ltd
CIK 0001729684 · LEVEL 11, 5 ALDERMANBURY SQUARE, LONDON, X0, EC2V 7HR · 00442031009000
Summary
Tibra Equities Europe Ltd reported $90M in U.S.-listed holdings across 31 positions for Q1 2022.
The portfolio is heavily concentrated: Citrix Systems alone accounts for 23.5% of reported value.
Compared with Q4 2021, the fund opened 26 new positions and exited 10.
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 · 82.5% · $75M
- Other · 12.4% · $11M
- MLP · 3.1% · $3M
- REIT · 2.1% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| Citrix Systems Inc | NEW | +210.5K | 210.5K | +$21M | $21M |
| Cerner Corp | NEW | +226.4K | 226.4K | +$21M | $21M |
| MoneyGram International Inc | NEW | +1.54M | 1.54M | +$16M | $16M |
| Norwegian Cruise Line Holdings | NEW | +149.1K | 149.1K | +$11M | $11M |
| Anaplan Inc | NEW | +56.6K | 56.6K | +$4M | $4M |
| Shell Midstream Partners LP | NEW | +194.9K | 194.9K | +$3M | $3M |
| South Jersey Industries Inc | NEW | +61.5K | 61.5K | +$2M | $2M |
| Activision Blizzard Inc | NEW | +20.5K | 20.5K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | Citrix Systems Inc | CITRIX SYSTEMS | 23.50% | $21M | 210.5K |
| 2 | Cerner Corp | CERNER CORP | 23.44% | $21M | 226.4K |
| 3 | MoneyGram International Inc | MONEYGRAM INTERN | 17.95% | $16M | 1.54M |
| 4 | Mimecast Ltd | MIMECAST LTD | 11.57% | $10M | 131.4K |
| 5 | Anaplan Inc | ANAPLAN INC | 4.07% | $4M | 56.6K |
| 6 | Shell Midstream Partners LP | SHELL MIDSTREAM | 3.07% | $3M | 194.9K |
| 7 | South Jersey Industries Inc | SOUTH JERSEY IND | 2.35% | $2M | 61.5K |
| 8 | Activision Blizzard Inc | ACTIVISION BLIZZ | 1.81% | $2M | 20.5K |
| 9 | Shaw Communications Inc | SHAW COMM-B | 1.37% | $1M | 39.7K |
| 10 | TGNATEGNA Inchistory → | TEGNA INC | 1.30% | $1M | 52.3K |
| 11 | Tenneco Inc | TENNECO INC-A | 1.16% | $1M | 57.5K |
| 12 | MGPMGM Growth Properties LLC | MGM GROWTH PRO-A | 0.89% | $805,000 | 20.8K |
| 13 | Intersect ENT Inc | INTERSECT ENT IN | 0.81% | $728,000 | 26.0K |
| 14 | UAUnder Armour Inc | UNDER ARMO-C · UNDER ARMOUR-A | 0.63% | $567,000 | 34.9K |
| 15 | Norwegian Cruise Line Holdings | NORWEGIAN CRUISE | 0.43% | $387,000 | 17.7K |
| 16 | PCGPG&E Corp | PG&E CORP | 0.41% | $374,000 | 31.3K |
| 17 | HWMHowmet Aerospace Inc | HOWMET AEROSPACE | 0.41% | $370,000 | 10.3K |
| 18 | Marathon Oil Corp | MARATHON OIL | 0.41% | $369,000 | 14.7K |
| 19 | HSTHost Hotels & Resorts Inc | HOST HOTELS & RE | 0.41% | $368,000 | 18.9K |
| 20 | PKPark Hotels & Resorts Inc | PARK H&R INC | 0.41% | $367,000 | 18.8K |
| 21 | CLFCleveland-Cliffs Inc | CLEVELAND-CLIFFS | 0.40% | $366,000 | 11.4K |
| 22 | Hanesbrands Inc | HANESBRANDS INC | 0.39% | $356,000 | 23.9K |
| 23 | ELANElanco Animal Health Inc | ELANCO ANIMAL HE | 0.39% | $355,000 | 13.6K |
| 24 | PPure Storage Inc | PURE STORAGE-A | 0.39% | $354,000 | 10.0K |
| 25 | Leslie's Inc | LESLIE'S INC | 0.39% | $351,000 | 18.1K |
| 26 | ESIElement Solutions Inc | ELEMENT SOLUTION | 0.38% | $346,000 | 15.8K |
| 27 | BRXBrixmor Property Group Inc | BRIXMOR PROPERTY | 0.35% | $319,000 | 12.4K |
| 28 | AALAmerican Airlines Group Inc | AMERICAN AIRLINE | 0.35% | $316,000 | 17.3K |
| 29 | WOOFPetco Health & Wellness Co Inc | PETCO HEALTH AND | 0.31% | $278,000 | 14.2K |
| 30 | KEYKeyCorp | KEYCORP | 0.26% | $236,000 | 10.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2022 | $90M | 31 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $111M | 14 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $65M | 37 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $324M | 241 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $327M | 17 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $978M | 147 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $475M | 165 | Nov 13, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2020 | $29M | 7 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | Under review | 2 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $719M | 186 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $811M | 211 | Nov 4, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $1.4B | 229 | Aug 1, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $1.0B | 374 | Apr 4, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $606M | 183 | Feb 12, 2019 | 13F-HR | 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 ↗.