SPRINGOWL ASSOCIATES LLC

13F filer, CIK 351262, New York, NY

SPRINGOWL ASSOCIATES LLC reported $97,113,000 across 26 holdings for the quarter ended 2019-12-31, in a 13F-HR filed 2020-02-14. Its ten largest share positions make up 85.33% of the portfolio.

Filed 2020-02-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:54:20 UTC13F-HR 0001172661-20-000684

Period: 2019-12-31
Reported value: $97.1M
Holdings: 26
Top 10 weight: 85.33%
New: 8
Sold out: 2

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PARAMOUNT GLOBALnew	+35,500	$1.49M
CMGnew	+1,566	$1.31M
SINCLAIR BROADCAST GROUP INCnew	+35,000	$1.17M
GDENnew	+57,658	$1.11M
LVSadded	+15,000	$1.04M

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

Security	Shares change	Approx. value
THE STARS GROUP INCreduced	-426,492	-$11.1M
GCI LIBERTY INC COM CLASS Areduced	-21,500	-$1.52M
CBS CORP NEWexited	-35,000	-$1.41M
NEOPHOTONICS CORPreduced	-140,000	-$1.24M
VCexited	-8,321	-$687K

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 2019

Share positions as resolved from 13F-HR 0001172661-20-000684, largest first. % of portfolio is the value over $90,837,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
THE STARS GROUP INCTHE STARS GROUP INC	2,243,800	$58.5M	64.45%	-426,492
LVSLAS VEGAS SANDS CORP	78,461	$5.42M	5.96%	+15,000	Timeline
PZZAPAPA JOHNS INTL INC	39,287	$2.48M	2.73%	0	Timeline
GCI LIBERTY INC COM CLASS AGCI LIBERTY INC COM CLASS A	34,738	$2.46M	2.71%	-21,500
EXTREXTREME NETWORKS INC	220,796	$1.63M	1.79%	+40,000	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	35,500	$1.49M	1.64%	new
OMFONEMAIN HLDGS INC	34,123	$1.44M	1.58%	+4,000	Timeline
ATIATI INC	69,100	$1.43M	1.57%	+5,000	Timeline
BACBANK OF AMER CORP	37,500	$1.32M	1.45%	-11,500	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	1,566	$1.31M	1.44%	new	Timeline
KRATON CORPORATIONKRATON CORPORATION	50,368	$1.27M	1.4%	+10,000
GOOGALPHABET INC	935	$1.25M	1.38%	-225	Timeline
CCITIGROUP INC	15,500	$1.24M	1.36%	-7,000	Timeline
SINCLAIR BROADCAST GROUP INCSINCLAIR BROADCAST GROUP INC	35,000	$1.17M	1.28%	new
GDENGOLDEN ENTMT INC	57,658	$1.11M	1.22%	new	Timeline
MXMAGNACHIP SEMICONDUCTOR CORP	93,082	$1.08M	1.19%	-18,500	Timeline
GTNGRAY MEDIA INC	47,500	$1.02M	1.12%	0	Timeline
DELLDELL TECHNOLOGIES INC	19,000	$976K	1.07%	new	Timeline
ARCONIC INCARCONIC INC	28,000	$862K	0.95%	-13,000
NTCTNETSCOUT SYS INC	35,000	$842K	0.93%	new	Timeline
LITELUMENTUM HLDGS INC	10,500	$833K	0.92%	-6,000	Timeline
NEOPHOTONICS CORPNEOPHOTONICS CORP	59,499	$525K	0.58%	-140,000
CAGCONAGRA BRANDS INC	15,000	$514K	0.57%	0	Timeline
WDCWESTERN DIGITAL CORP	7,000	$444K	0.49%	new	Timeline
ORBCOMM INCORBCOMM INC	45,000	$189K	0.21%	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
SPYSTATE STR SPDR S&P 500 ETF T SHS	put	19,500	$6.28M	-15,600

Sold out in Q4 2019

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

Security	Shares before	Value before	Type
CBS CORP NEWCBS CORP NEW	35,000	$1.41M	shares
VCVISTEON CORP	8,321	$687K	shares

How Q4 2019 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 0001172661-20-000684	base		2020-02-14	acceptance time not in the bulk data set	2026-10-07 18:54:20 UTC