Managers / Q2 2021
Taal Capital Management LP
CIK 0001811243 · ONE BEACON STREET, SUITE 21300, BOSTON, MA, 02108 · 617-880-7410
Summary
Taal Capital Management LP reported $122M in U.S.-listed holdings across 34 positions for Q2 2021.
Its largest position, PCG, represents 11.7% of the portfolio.
Compared with Q1 2021, the fund opened 4 new positions and exited 16.
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. 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 · 90.8% · $111M
- Other · 8.9% · $11M
- Equity WRT · 0.3% · $417,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ALXNALEXION PHARMACEUTICALS INC | NEW | +50.0K | 50.0K | +$9M | $9M |
| PERSHING SQUARE TONTINE HLDG | NEW | +175.0K | 175.0K | +$4M | $4M |
| GOOGLALPHABET INC | NEW | +1.5K | 1.5K | +$4M | $4M |
| NWSNEWS CORP NEW | NEW | +139.8K | 139.8K | +$3M | $3M |
| STARBOARD VALUE ACQUISITN CO | ADDED | +19.0K | 20.0K | +$9M | $9M |
| FEFIRSTENERGY CORP | SOLD OUT | −150.0K | 0 | −$5M | $0 |
| ATVIEURACTIVISION BLIZZARD INC | SOLD OUT | −40.0K | 0 | −$4M | $0 |
| BIDUNBAIDU INC | SOLD OUT | −2.3K | 0 | −$500,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2021 | $122M | 34 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $122M | 46 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $122M | 16 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $102M | 16 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $92M | 17 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $78M | 16 | May 15, 2020 | 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 ↗.