Managers / Q2 2024 · view latest →
Sonic GP LLC
CIK 0001964290 · 400 HOBRON LANE, SUITE 3709, HONOLULU, HI, 96815 · 8086493381
Summary
Sonic GP LLC reported $48M in U.S.-listed holdings across 15 positions for Q2 2024.
The portfolio is heavily concentrated: FENC alone accounts for 30.4% of reported value.
Compared with Q1 2024, the fund opened 1 new position and exited 1.
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 · 91.7% · $44M
- Other · 7.7% · $4M
- Equity WRT · 0.5% · $251,996
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PARAMOUNT GLOBAL | NEW | +200.0K | 200.0K | +$2M | $2M |
| VIRTVIRTU FINL INC | SOLD OUT | −100.0K | 0 | −$2M | $0 |
| CEDAR FAIR L P | TRIMMED | −70.0K | 50.0K | −$2M | $3M |
| UALUNITED AIRLS HLDGS INC | TRIMMED | −60.0K | 111.8K | −$3M | $5M |
| PRKSUNITED PARKS & RESORTS INC | TRIMMED | −14.7K | 39.6K | −$898,902 | $2M |
| CCITIGROUP INC | TRIMMED | −20.0K | 80.7K | −$1M | $5M |
| RGNXREGENXBIO INC | TRIMMED | −90.0K | 453.1K | −$6M | $5M |
| FENCFENNEC PHARMACEUTICALS INC | HELD | +0 | 2.41M | −$12M | $15M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FENCFENNEC PHARMACEUTICALS INChistory → | COM | 30.37% | $15M | 2.41M |
| 2 | UALUNITED AIRLS HLDGS INChistory → | COM | 11.23% | $5M | 111.8K |
| 3 | RGNXREGENXBIO INChistory → | COM | 10.94% | $5M | 453.1K |
| 4 | CCITIGROUP INChistory → | COM NEW | 10.58% | $5M | 80.7K |
| 5 | BHFBRIGHTHOUSE FINL INChistory → | COM | 8.95% | $4M | 100.0K |
| 6 | ASTLALGOMA STL GROUP INC | COM · *W EXP 10/19/202 | 6.27% | $3M | 680.0K |
| 7 | CEDAR FAIR L P | DEPOSITRY UNIT | 5.61% | $3M | 50.0K |
| 8 | PRKSUNITED PARKS & RESORTS INChistory → | COM | 4.44% | $2M | 39.6K |
| 9 | PARAMOUNT GLOBAL | CLASS B COM | 4.29% | $2M | 200.0K |
| 10 | AUIDAUTHID INChistory → | COM | 2.68% | $1M | 125.0K |
| 11 | TROXTRONOX HOLDINGS PLChistory → | SHS | 2.04% | $989,333 | 63.1K |
| 12 | MURAL ONCOLOGY PUB LTD CO | ORD SHS | 1.08% | $524,330 | 167.0K |
| 13 | REE AUTOMOTIVE LTD | SHS CL A NEW | 1.06% | $511,846 | 130.7K |
| 14 | QUREUNIQURE NV | SHS | 0.46% | $224,000 | 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 ↗.