Managers / Q2 2020 · view latest →
Taal Capital Management LP
CIK 0001811243 · ONE BEACON STREET, SUITE 21300, BOSTON, MA, 02108 · 617-880-7410
Summary
Taal Capital Management LP reported $92M in U.S.-listed holdings across 17 positions for Q2 2020.
Its largest position, PCG, represents 18.6% of the portfolio.
Compared with Q1 2020, the fund opened 5 new positions and exited 4.
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 · 99.6% · $92M
- Right · 0.4% · $415,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TMUST-MOBILE US INC | NEW | +53.0K | 53.0K | +$6M | $6M |
| VVISA INC | NEW | +25.0K | 25.0K | +$5M | $5M |
| SERVICEMASTER GLOBAL HLDGS I | NEW | +100.0K | 100.0K | +$4M | $4M |
| BRISTOL-MYERS SQUIBB CO | NEW | +100.0K | 100.0K | +$358,000 | $358,000 |
| T-MOBILE US INC | NEW | +340.0K | 340.0K | +$57,000 | $57,000 |
| PCGPG&E CORP | ADDED | +1.14M | 1.94M | +$10M | $17M |
| SPYSPDR S&P 500 ETF TR | SOLD OUT | −20.0K | 0 | −$5M | $0 |
| BABOEING CO | SOLD OUT | −30.0K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PCGPG&E CORPhistory → | COM | 18.64% | $17M | 1.94M |
| 2 | BRK/BBERKSHIRE HATHAWAY INChistory → | CL B NEW | 16.63% | $15M | 86.0K |
| 3 | DISHDISH NETWORK CORPORATIONhistory → | CL A | 6.36% | $6M | 170.0K |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 6.17% | $6M | 28.0K |
| 5 | TMUST-MOBILE US INC | COM · RIGHT 7/27/2020 | 6.04% | $6M | 393.0K |
| 6 | LNGCHENIERE ENERGY INChistory → | COM NEW | 6.02% | $6M | 115.0K |
| 7 | NKENIKE INChistory → | CL B | 5.31% | $5M | 50.0K |
| 8 | GDGENERAL DYNAMICS CORPhistory → | COM | 5.26% | $5M | 32.5K |
| 9 | VVISA INChistory → | COM CL A | 5.23% | $5M | 25.0K |
| 10 | JPMJPMORGAN CHASE & COhistory → | COM | 5.09% | $5M | 50.0K |
| 11 | COSTCOSTCO WHSL CORP NEWhistory → | COM | 4.93% | $5M | 15.0K |
| 12 | TJXTJX COS INC NEWhistory → | COM | 4.11% | $4M | 75.0K |
| 13 | SERVICEMASTER GLOBAL HLDGS I | COM | 3.87% | $4M | 100.0K |
| 14 | GOOGALPHABET INChistory → | CAP STK CL C | 3.83% | $4M | 2.5K |
| 15 | MOALTRIA GROUP INChistory → | COM | 2.13% | $2M | 50.0K |
| 16 | BRISTOL-MYERS SQUIBB CO | RIGHT 99/99/9999 | 0.39% | $358,000 | 100.0K |
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 ↗.