SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Sonic GP LLC

CIK 0001964290 · 400 HOBRON LANE, SUITE 3709, HONOLULU, HI, 96815 · 8086493381

Reported Value
$103M
Q3 2023
Positions
23
Filings on Record
9
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Sonic GP LLC reported $103M in U.S.-listed holdings across 23 positions for Q3 2023.

Its largest position, FENC, represents 17.5% of the portfolio.

Compared with Q2 2023, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+83.1%
share of reported value
Largest Position
+17.5%
Fennec Pharmaceuticals
New / Exited
4 / 5
positions this quarter

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

13F Reported Value
Q4 ’22: $133MQ4 ’22Q1 ’23: $131MQ2 ’23: $150MQ2 ’23Q3 ’23: $103MQ4 ’23: $87MQ4 ’23Q1 ’24: $76MQ2 ’24: $48MQ2 ’24Q3 ’24: $44MQ4 ’24: $45MQ4 ’24filingsflow.com

Portfolio Composition

By security type
Common Stock: 83.0%Other: 16.2%ADR: 0.5%Equity WRT: 0.3%
  • Common Stock · 83.0% · $85M
  • Other · 16.2% · $17M
  • ADR · 0.5% · $552,000
  • Equity WRT · 0.3% · $341,650

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AUIDAUTHID INCNEW+125.0K125.0K+$968,750$968,750
GOTUGAOTU TECHEDU INCNEW+200.0K200.0K+$552,000$552,000
CEL-SCI CORPNEW+100.0K100.0K+$125,000$125,000
SCULPTOR CAP MGMTNEW+10.1K10.1K+$116,673$116,673
UNITED STATES STL CORP NEWSOLD OUT300.0K0$8M$0
EPDENTERPRISE PRODS PARTNERS LSOLD OUT200.0K0$5M$0
BPBP PLCSOLD OUT100.0K0$4M$0
ZEUSOLYMPIC STEEL INCSOLD OUT30.0K0$1M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

22 positions
#IssuerClass% PortfolioValueShares
1FENCFENNEC PHARMACEUTICALS INChistory →COM17.55%$18M2.41M
2MANCHESTER UTD PLC NEWORD CL A10.56%$11M550.0K
3RGNXREGENXBIO INChistory →COM8.28%$9M518.1K
4SPIRIT AIRLS INCCOM8.01%$8M500.0K
5BHFBRIGHTHOUSE FINL INChistory →COM7.60%$8M160.0K
6ASTLALGOMA STL GROUP INCCOM · *W EXP 10/19/2027.59%$8M1.38M
7UALUNITED AIRLS HLDGS INChistory →COM7.05%$7M171.8K
8PRKSSEAWORLD ENTMT INChistory →COM6.73%$7M150.0K
9CEDAR FAIR L PDEPOSITRY UNIT5.03%$5M140.0K
10GNWGENWORTH FINL INChistory →COM CL A4.74%$5M833.8K
11CCITIGROUP INChistory →COM NEW4.02%$4M100.7K
12SPNTSIRIUSPOINT LTDhistory →COM2.98%$3M302.2K
13ADVERUM BIOTECHNOLOGIES INCCOM2.91%$3M2.00M
14HANHAWAIIAN HOLDINGS INChistory →COM1.84%$2M300.0K
15VIRTVIRTU FINL INChistory →CL A1.68%$2M100.0K
16AUIDAUTHID INCCOM0.94%$968,750125.0K
17TROXTRONOX HOLDINGS PLCSHS0.82%$847,45963.1K
18REE AUTOMOTIVE LTDCLASS A ORD SHS0.56%$574,7033.92M
19GOTUGAOTU TECHEDU INCSPONSORED ADS0.54%$552,000200.0K
20QUREUNIQURE NVSHS0.33%$335,50050.0K
21CEL-SCI CORPCOM PAR NEW0.12%$125,000100.0K
22SCULPTOR CAP MGMTCOM CL A0.11%$116,67310.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2024$45M15Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$44M15Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$48M15Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$76M15May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$87M16Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$103M23Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$150M24Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$131M25May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$133M25Feb 14, 202313F-HRchanges · 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 ↗.