Skip to content
Disclosery

Bocage Capital, LLC

Follow

13F filer, CIK 1534017, SAN FRANCISCO, CA

Bocage Capital, LLC reported $138,990,000 across 20 holdings for the quarter ended 2015-12-31, in a 13F-HR filed 2016-02-12. Its ten largest share positions make up 83.57% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-16-052045

Period
2015-12-31
Reported value
$139M
Holdings
20
Top 10 weight
83.57%
New
7
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MPCnew+243,032$12.6M
STLDnew+643,636$11.5M
AXTAnew+367,081$9.78M
PBFnew+219,987$8.1M
VALEnew+1,229,478$4.04M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WESTROCK COreduced-222,036-$10.1M
CFreduced-230,165-$9.39M
RRCreduced-375,693-$9.25M
CTRAreduced-471,287-$8.34M
DOMINION DIAMOND CORPreduced-696,954-$7.13M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2015

Share positions as resolved from 13F-HR 0001140361-16-052045, largest first. % of portfolio is the value over $118,592,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CALPINE CORPCALPINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: 1,097,603 shares; 2015Q4: 1,180,126 shares 1,180,126$17.1M14.4%+82,523
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 243,032 shares 243,032$12.6M10.62%newTimeline
STLDSTEEL DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 643,636 shares 643,636$11.5M9.7%newTimeline
TESORO CORPTESORO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 186,534 shares; 2015Q3: 114,798 shares; 2015Q4: 108,225 shares 108,225$11.4M9.62%-6,573
DYNEGY INC NEW DELDYNEGY INC NEW DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 770,386 shares; 2015Q3: 1,216,866 shares; 2015Q4: 774,600 shares 774,600$10.4M8.75%-442,266
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 367,081 shares 367,081$9.78M8.25%newTimeline
PBFPBF ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 219,987 shares 219,987$8.1M6.83%newTimeline
KAPSTONE PAPER AND PACKAGIN…KAPSTONE PAPER AND PACKAGING CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 396,593 shares; 2015Q3: 382,410 shares; 2015Q4: 356,164 shares 356,164$8.05M6.78%-26,246
CFCF INDUSTRIES HOLDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 446,920 shares; 2015Q3: 361,266 shares; 2015Q4: 131,101 shares 131,101$5.35M4.51%-230,165Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 541,688 shares; 2015Q3: 868,064 shares; 2015Q4: 413,355 shares 413,355$4.87M4.1%-454,709Timeline
WESTROCK COWESTROCK COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: 322,069 shares; 2015Q4: 100,033 shares 100,033$4.56M3.85%-222,036
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 1,229,478 shares 1,229,478$4.04M3.41%newTimeline
RRCRANGE RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 208,471 shares; 2015Q3: 538,381 shares; 2015Q4: 162,688 shares 162,688$4M3.38%-375,693Timeline
CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 611,170 shares 611,170$2.75M2.32%new
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 713,118 shares; 2015Q3: 621,743 shares; 2015Q4: 150,456 shares 150,456$2.66M2.24%-471,287Timeline
SUNEDISON SEMISUNEDISON SEMIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 19,871 shares; 2015Q3: 481,643 shares; 2015Q4: 101,185 shares 101,185$793K0.67%-380,458
DOMINION DIAMOND CORPDOMINION DIAMOND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 1,057,159 shares; 2015Q3: 751,478 shares; 2015Q4: 54,524 shares 54,524$558K0.47%-696,954
DYNEGY INC WARRANTDYNEGY INC WARRANTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 240,752 shares; 2015Q3: 240,752 shares; 2015Q4: 240,752 shares 240,752$113K0.1%0

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
AK STEEL HOLDING CORPAK STEEL HOLDING CORP COMcall5,900,000$13.2M0
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COMput900,000$7.18Mnew

Sold out in Q4 2015

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
OIIOCEANEERING INTL INC121,762$4.78Mshares
AK STEEL HOLDING CORPAK STEEL HOLDING CORP230,300$555Kshares

How Q4 2015 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-16-052045 base2016-02-12acceptance time not in the bulk data set