Cascabel Management LP
Follow13F filer, CIK 1535687, New York, NY
Cascabel Management LP reported $147,887,000 across 24 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-15. Its ten largest share positions make up 75.1% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-14-003122
- Period
- 2014-03-31
- Reported value
- $148M
- Holdings
- 24
- Top 10 weight
- 75.1%
- New
- 9
- Sold out
- 15
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SOUFUN HOLDINGS LTDadded | +1,019,900 | $14M |
| BITAUTO HLDGS LTDnew | +150,000 | $5.38M |
| TIME WARNER INCadded | +80,000 | $5.23M |
| RESTORATION HARDWARE HLDGS Inew | +70,000 | $5.15M |
| ATMEL CORPnew | +521,100 | $4.36M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| YOUKU.COM INCreduced | -325,000 | -$9.11M |
| ROWAN COMPANIES PLCexited | -220,000 | -$7.78M |
| JPMexited | -125,000 | -$7.31M |
| TIME WARNER CABLE INCreduced | -50,000 | -$6.86M |
| BIDUreduced | -40,000 | -$6.09M |
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, Q1 2014
Share positions as resolved from 13F-HR 0000919574-14-003122, largest first. % of portfolio is the value over $101,594,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| SOUFUN HOLDINGS LTDSOUFUN HOLDINGS LTD | 1,350,000 | $18.5M | 18.18% | +1,019,900 | |||
| TIME WARNER INCTIME WARNER INC | 200,000 | $13.1M | 12.86% | +80,000 | |||
| YOUKU.COM INCYOUKU.COM INC | 275,000 | $7.71M | 7.59% | -325,000 | |||
| GIANT INTERACTIVE GROUP INCGIANT INTERACTIVE GROUP INC | 500,000 | $5.79M | 5.69% | -500,000 | |||
| QUIKSILVER INCQUIKSILVER INC | 737,000 | $5.54M | 5.45% | -98,000 | |||
| TIME WARNER CABLE INCTIME WARNER CABLE INC | 40,000 | $5.49M | 5.4% | -50,000 | |||
| BITAUTO HLDGS LTDBITAUTO HLDGS LTD | 150,000 | $5.38M | 5.29% | new | |||
| ABEVAMBEV SA | 700,000 | $5.19M | 5.11% | 0 | Timeline | ||
| RESTORATION HARDWARE HLDGS IRESTORATION HARDWARE HLDGS I | 70,000 | $5.15M | 5.07% | new | |||
| MASONITE INTERNATIONAL CORPMASONITE INTERNATIONAL CORP | 80,000 | $4.52M | 4.45% | 0 | |||
| ATMEL CORPATMEL CORP | 521,100 | $4.36M | 4.29% | new | |||
| DISDISNEY WALT CO | 50,000 | $4M | 3.94% | 0 | Timeline | ||
| EBAYEBAY INC. | 70,000 | $3.87M | 3.81% | -30,000 | Timeline | ||
| Concho Resources Inc.Concho Resources Inc. | 30,000 | $3.67M | 3.62% | new | |||
| COLUMBIA PROPERTY TRUST INCCOLUMBIA PROPERTY TRUST INC | 120,000 | $3.27M | 3.22% | new | |||
| CTRIP COM INTL LTDCTRIP COM INTL LTD | 40,000 | $2.02M | 1.99% | new | |||
| BIDUBAIDU INC | 10,000 | $1.52M | 1.5% | -40,000 | Timeline | ||
| KINDER MORGAN INC DELKINDER MORGAN INC DEL | 750,000 | $1.32M | 1.3% | new | |||
| E HOUSE CHINA HLDGS LTDE HOUSE CHINA HLDGS LTD | 105,000 | $1.27M | 1.25% | new |
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| EEMISHARES TR MSCI EMG MKT ETF | put | 500,000 | $20.5M | new |
| XLKSELECT SECTOR SPDR TR SHS | put | 300,000 | $10.9M | 0 |
| YOUKU.COM INCYOUKU.COM INC COMMON STOCK-FO | call | 250,000 | $7.01M | +69,700 |
| MELIMERCADOLIBRE INC STOK | put | 50,000 | $4.76M | -42,000 |
| MSMORGAN STANLEY COM | call | 100,000 | $3.12M | -200,000 |
Sold out in Q1 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| XRTSPDR SERIES TRUST | 200,000 | $17.6M | put |
| ROWAN COMPANIES PLCROWAN COMPANIES PLC | 220,000 | $7.78M | shares |
| FXIISHARES TR | 200,000 | $7.67M | put |
| JPMJPMORGAN CHASE & CO | 125,000 | $7.31M | shares |
| VIPSVIPSHOP HLDGS LTD | 65,900 | $5.51M | shares |
| QUESTCOR PHARMACEUTICALS INCQUESTCOR PHARMACEUTICALS INC | 100,000 | $5.45M | put |
| LINKEDIN CORPLINKEDIN CORP | 25,000 | $5.42M | put |
| ULTAULTA BEAUTY INC | 48,000 | $4.63M | shares |
| TBTPROSHARES TR | 50,000 | $3.96M | shares |
| ASCENT CAPITAL GROUP INC-AASCENT CAPITAL GROUP INC-A | 37,994 | $3.25M | shares |
| 58 COM INC58 COM INC | 82,600 | $3.17M | shares |
| YY INC. ADRYY INC. ADR | 50,000 | $2.51M | shares |
| GoogleGoogle | 2,000 | $2.24M | shares |
| VINCE HLDG CORPVINCE HLDG CORP | 5,000 | $153K | shares |
| ATHMAUTOHOME INC | 1,000 | $37K | shares |
How Q1 2014 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000919574-14-003122 | base | 2014-05-15 | acceptance time not in the bulk data set |