Managers / Q4 2023 · view latest →
Sonic GP LLC
CIK 0001964290 · 400 HOBRON LANE, SUITE 3709, HONOLULU, HI, 96815 · 8086493381
Summary
Sonic GP LLC reported $87M in U.S.-listed holdings across 16 positions for Q4 2023.
The portfolio is heavily concentrated: FENC alone accounts for 31.0% of reported value.
Compared with Q3 2023, the fund opened 1 new position and exited 8.
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 · 92.2% · $80M
- Other · 7.2% · $6M
- Equity WRT · 0.6% · $515,191
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| REE AUTOMOTIVE LTD | NEW | +130.7K | 130.7K | +$671,659 | $671,659 |
| MANCHESTER UTD PLC NEW | SOLD OUT | −550.0K | 0 | −$11M | $0 |
| GNWGENWORTH FINL INC | SOLD OUT | −833.8K | 0 | −$5M | $0 |
| SPNTSIRIUSPOINT LTD | SOLD OUT | −302.2K | 0 | −$3M | $0 |
| HANHAWAIIAN HOLDINGS INC | SOLD OUT | −300.0K | 0 | −$2M | $0 |
| REE AUTOMOTIVE LTD | SOLD OUT | −3.92M | 0 | −$574,703 | $0 |
| GOTUGAOTU TECHEDU INC | SOLD OUT | −200.0K | 0 | −$552,000 | $0 |
| CEL-SCI CORP | SOLD OUT | −100.0K | 0 | −$125,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FENCFENNEC PHARMACEUTICALS INChistory → | COM | 31.03% | $27M | 2.41M |
| 2 | SPIRIT AIRLS INC | COM | 13.18% | $11M | 700.0K |
| 3 | RGNXREGENXBIO INChistory → | COM | 9.14% | $8M | 443.1K |
| 4 | UALUNITED AIRLS HLDGS INChistory → | COM | 8.14% | $7M | 171.8K |
| 5 | BHFBRIGHTHOUSE FINL INChistory → | COM | 7.29% | $6M | 120.0K |
| 6 | CEDAR FAIR L P | DEPOSITRY UNIT | 6.40% | $6M | 140.0K |
| 7 | PRKSSEAWORLD ENTMT INChistory → | COM | 6.07% | $5M | 100.0K |
| 8 | CCITIGROUP INChistory → | COM NEW | 5.95% | $5M | 100.7K |
| 9 | ASTLALGOMA STL GROUP INC | COM · *W EXP 10/19/202 | 5.20% | $5M | 680.0K |
| 10 | VIRTVIRTU FINL INChistory → | CL A | 2.33% | $2M | 100.0K |
| 11 | ADVERUM BIOTECHNOLOGIES INC | COM | 1.73% | $2M | 2.00M |
| 12 | AUIDAUTHID INChistory → | COM | 1.36% | $1M | 125.0K |
| 13 | TROXTRONOX HOLDINGS PLChistory → | SHS | 1.03% | $892,859 | 63.1K |
| 14 | REE AUTOMOTIVE LTD | SHS CL A NEW | 0.77% | $671,659 | 130.7K |
| 15 | QUREUNIQURE NV | SHS | 0.39% | $338,500 | 50.0K |
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 ↗.