Managers / Q3 2024 · view latest →
Sonic GP LLC
CIK 0001964290 · 400 HOBRON LANE, SUITE 3709, HONOLULU, HI, 96815 · 8086493381
Summary
Sonic GP LLC reported $44M in U.S.-listed holdings across 15 positions for Q3 2024.
The portfolio is heavily concentrated: FENC alone accounts for 27.5% of reported value.
Compared with Q2 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 · 95.6% · $42M
- Other · 3.3% · $1M
- Equity WRT · 1.1% · $482,991
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FUNSIX FLAGS ENTERTAINMENT CORP | NEW | +50.0K | 50.0K | +$2M | $2M |
| CEDAR FAIR L P | SOLD OUT | −50.0K | 0 | −$3M | $0 |
| CCITIGROUP INC | TRIMMED | −40.0K | 40.7K | −$3M | $3M |
| RGNXREGENXBIO INC | TRIMMED | −50.0K | 403.1K | −$1M | $4M |
| AUIDAUTHID INC | TRIMMED | −10.0K | 115.0K | −$574,150 | $723,350 |
| FENCFENNEC PHARMACEUTICALS INC | HELD | +0 | 2.41M | −$3M | $12M |
| ASTLALGOMA STL GROUP INC | HELD | +0 | 400.0K | +$1M | $4M |
| UALUNITED AIRLS HLDGS INC | HELD | +0 | 111.8K | +$938,994 | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FENCFENNEC PHARMACEUTICALS INChistory → | COM | 27.51% | $12M | 2.41M |
| 2 | UALUNITED AIRLS HLDGS INChistory → | COM | 14.58% | $6M | 111.8K |
| 3 | ASTLALGOMA STL GROUP INC | COM · *W EXP 10/19/202 | 10.46% | $5M | 680.0K |
| 4 | BHFBRIGHTHOUSE FINL INChistory → | COM | 10.29% | $5M | 100.0K |
| 5 | RGNXREGENXBIO INChistory → | COM | 9.66% | $4M | 403.1K |
| 6 | CCITIGROUP INChistory → | COM NEW | 5.83% | $3M | 40.7K |
| 7 | PARAMOUNT GLOBAL | CLASS B COM | 4.85% | $2M | 200.0K |
| 8 | FUNSIX FLAGS ENTERTAINMENT CORPhistory → | COM | 4.61% | $2M | 50.0K |
| 9 | PRKSUNITED PARKS & RESORTS INChistory → | COM | 4.58% | $2M | 39.6K |
| 10 | REE AUTOMOTIVE LTD | SHS CL A NEW | 2.11% | $922,551 | 130.7K |
| 11 | TROXTRONOX HOLDINGS PLChistory → | SHS | 2.11% | $922,495 | 63.1K |
| 12 | AUIDAUTHID INChistory → | COM | 1.65% | $723,350 | 115.0K |
| 13 | MURAL ONCOLOGY PUB LTD CO | ORD SHS | 1.19% | $522,660 | 167.0K |
| 14 | QUREUNIQURE NV | SHS | 0.56% | $246,500 | 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 ↗.