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Disclosery

Bocage Capital, LLC

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13F filer, CIK 1534017, SAN FRANCISCO, CA

Bocage Capital, LLC reported $223,011,000 across 17 holdings for the quarter ended 2016-09-30, in a 13F-HR filed 2016-11-10. Its ten largest share positions make up 87.58% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-16-085803

Period
2016-09-30
Reported value
$223M
Holdings
17
Top 10 weight
87.58%
New
6
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ENCANA CORPnew+993,139$10.4M
DYNEGY INC NEW DELadded+665,340$8.24M
ENERGEN CORPnew+130,390$7.53M
CTRAadded+211,721$5.46M
CLOUD PEAK ENERGY INCnew+830,320$4.52M

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
FANGexited-102,925-$9.39M
SIBANYE GOLD LTDexited-672,373-$9.16M
RRCexited-200,871-$8.67M
RSP PERMIAN INCreduced-114,291-$4.43M
NRGreduced-133,016-$1.49M

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, Q3 2016

Share positions as resolved from 13F-HR 0001140361-16-085803, largest first. % of portfolio is the value over $129,778,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
DYNEGY INC NEW DELDYNEGY INC NEW DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 770,386 shares; 2015Q3: 1,216,866 shares; 2015Q4: 774,600 shares; 2016Q1: 1,560,260 shares; 2016Q2: 936,719 shares; 2016Q3: 1,602,059 shares 1,602,059$19.9M15.3%+665,340
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 713,118 shares; 2015Q3: 621,743 shares; 2015Q4: 150,456 shares; 2016Q1: 408,187 shares; 2016Q2: 476,846 shares; 2016Q3: 688,567 shares 688,567$17.8M13.69%+211,721Timeline
CONSOL ENERGY INCCONSOL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: 571,068 shares; 2016Q3: 655,962 shares 655,962$12.6M9.7%+84,894
WESTROCK COWESTROCK COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: 322,069 shares; 2015Q4: 100,033 shares; 2016Q1: 482,383 shares; 2016Q2: 212,670 shares; 2016Q3: 246,190 shares 246,190$11.9M9.2%+33,520
ENCANA CORPENCANA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: 993,139 shares 993,139$10.4M8.01%new
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 367,081 shares; 2016Q1: not reported; 2016Q2: 298,228 shares; 2016Q3: 311,549 shares 311,549$8.81M6.79%+13,321Timeline
NGVTINGEVITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: 178,621 shares; 2016Q3: 186,530 shares 186,530$8.6M6.63%+7,909Timeline
YAMANA GOLD INCYAMANA GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: 1,633,884 shares; 2016Q3: 1,888,247 shares 1,888,247$8.14M6.27%+254,363
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 541,688 shares; 2015Q3: 868,064 shares; 2015Q4: 413,355 shares; 2016Q1: 1,085,072 shares; 2016Q2: 850,685 shares; 2016Q3: 717,669 shares 717,669$8.04M6.2%-133,016Timeline
ENERGEN CORPENERGEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: 130,390 shares 130,390$7.53M5.8%new
RSP PERMIAN INCRSP PERMIAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: 285,431 shares; 2016Q3: 171,140 shares 171,140$6.64M5.11%-114,291
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: 453,988 shares; 2016Q2: 326,331 shares; 2016Q3: 352,283 shares 352,283$4.93M3.8%+25,952Timeline
CLOUD PEAK ENERGY INCCLOUD PEAK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: not reported; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: 830,320 shares 830,320$4.52M3.48%new
DYNEGY INC WARRANTDYNEGY INC WARRANTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q4: restricted; 2015Q1: restricted; 2015Q2: 240,752 shares; 2015Q3: 240,752 shares; 2015Q4: 240,752 shares; 2016Q1: 240,752 shares; 2016Q2: 240,752 shares; 2016Q3: 240,752 shares 240,752$39K0.03%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
CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP COMput7,050,000$44.2Mnew
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COMput2,100,000$39.6Mnew
ENCANA CORPENCANA CORP COMcall900,000$9.42Mnew

Sold out in Q3 2016

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

SecurityShares beforeValue beforeType
AK STEEL HOLDING CORPAK STEEL HOLDING CORP5,250,000$24.5Mcall
STLDSTEEL DYNAMICS INC500,000$12.2Mcall
FANGDIAMONDBACK ENERGY INC102,925$9.39Mshares
SIBANYE GOLD LTDSIBANYE GOLD LTD672,373$9.16Mshares
RRCRANGE RES CORP200,871$8.67Mshares

How Q3 2016 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 0001140361-16-085803 base2016-11-10acceptance time not in the bulk data set