Managers / Q4 2024
Sonic GP LLC
CIK 0001964290 · 400 HOBRON LANE, SUITE 3709, HONOLULU, HI, 96815 · 8086493381
Summary
Sonic GP LLC reported $45M in U.S.-listed holdings across 15 positions for Q4 2024.
The portfolio is heavily concentrated: FENC alone accounts for 33.5% of reported value.
The book was largely unchanged from Q3 2024.
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 · 96.7% · $44M
- Other · 2.3% · $1M
- Equity WRT · 0.9% · $419,993
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| REE AUTOMOTIVE LTD | TRIMMED | −71.1K | 59.6K | −$396,495 | $526,056 |
| UALUNITED AIRLS HLDGS INC | TRIMMED | −60.0K | 51.8K | −$1M | $5M |
| FENCFENNEC PHARMACEUTICALS INC | HELD | +0 | 2.41M | +$3M | $15M |
| RGNXREGENXBIO INC | HELD | +0 | 403.1K | −$1M | $3M |
| QUREUNIQURE NV | HELD | +0 | 50.0K | +$636,500 | $883,000 |
| FUNSIX FLAGS ENTERTAINMENT CORP | HELD | +0 | 50.0K | +$394,000 | $2M |
| CCITIGROUP INC | HELD | +0 | 40.7K | +$317,365 | $3M |
| BHFBRIGHTHOUSE FINL INC | HELD | +0 | 100.0K | +$301,000 | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FENCFENNEC PHARMACEUTICALS INChistory → | COM | 33.54% | $15M | 2.41M |
| 2 | UALUNITED AIRLS HLDGS INChistory → | COM | 11.08% | $5M | 51.8K |
| 3 | BHFBRIGHTHOUSE FINL INChistory → | COM | 10.59% | $5M | 100.0K |
| 4 | ASTLALGOMA STL GROUP INC | COM · *W EXP 10/19/202 | 9.55% | $4M | 680.0K |
| 5 | RGNXREGENXBIO INChistory → | COM | 6.87% | $3M | 403.1K |
| 6 | CCITIGROUP INChistory → | COM NEW | 6.32% | $3M | 40.7K |
| 7 | FUNSIX FLAGS ENTERTAINMENT CORPhistory → | COM | 5.31% | $2M | 50.0K |
| 8 | PRKSUNITED PARKS & RESORTS INChistory → | COM | 4.90% | $2M | 39.6K |
| 9 | PARAMOUNT GLOBAL | CLASS B COM | 4.61% | $2M | 200.0K |
| 10 | QUREUNIQURE NVhistory → | SHS | 1.95% | $883,000 | 50.0K |
| 11 | AUIDAUTHID INChistory → | COM | 1.53% | $692,300 | 115.0K |
| 12 | TROXTRONOX HOLDINGS PLChistory → | SHS | 1.40% | $634,964 | 63.1K |
| 13 | MURAL ONCOLOGY PUB LTD CO | ORD SHS | 1.19% | $537,688 | 167.0K |
| 14 | REE AUTOMOTIVE LTD | SHS CL A NEW | 1.16% | $526,056 | 59.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2024 | $45M | 15 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $44M | 15 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $48M | 15 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $76M | 15 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $87M | 16 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $103M | 23 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $150M | 24 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $131M | 25 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $133M | 25 | Feb 14, 2023 | 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 ↗.