Fore Research & Management, LP
Follow13F filer, CIK 1313597, NEW YORK, NY
Fore Research & Management, LP reported $81,293,000 across 32 holdings for the quarter ended 2017-03-31, in a 13F-HR filed 2017-05-16. Its ten largest share positions make up 75.9% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001313597-17-000011
- Period
- 2017-03-31
- Reported value
- $81.3M
- Holdings
- 32
- Top 10 weight
- 75.9%
- New
- 23
- Sold out
- 16
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| GLDnew | +50,000 | $5.94M |
| SYNGENTA AG ADRadded | +25,000 | $2.21M |
| IBBnew | +4,400 | $1.29M |
| YPFnew | +40,000 | $971K |
| RRCnew | +30,000 | $873K |
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 |
|---|---|---|
| GDXexited | -300,000 | -$6.28M |
| WELLS FARGO & CO NEWexited | -196,000 | -$4.18M |
| VODexited | -100,000 | -$2.44M |
| LIBERTY GLOBAL PLCexited | -100,000 | -$2.12M |
| CA INC COMreduced | -45,000 | -$1.43M |
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 2017
Share positions as resolved from 13F-HR 0001313597-17-000011, largest first. % of portfolio is the value over $47,839,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| GLDSPDR GOLD TR | 50,000 | $5.94M | 12.41% | new | Timeline | ||
| SYNGENTA AG ADRSYNGENTA AG ADR | 35,000 | $3.1M | 6.47% | +25,000 | |||
| NXPINXP SEMICONDUCTORS N V | 20,000 | $2.07M | 4.33% | 0 | Timeline | ||
| CA INC COMCA INC COM | 55,000 | $1.74M | 3.65% | -45,000 | |||
| IBBISHARES TR | 4,400 | $1.29M | 2.7% | new | Timeline | ||
| YPFYPF SOCIEDAD ANONIMA | 40,000 | $971K | 2.03% | new | Timeline | ||
| RRCRANGE RES CORP | 30,000 | $873K | 1.82% | new | Timeline | ||
| TECKTECK RESOURCES LTD | 35,000 | $766K | 1.6% | new | Timeline | ||
| SPDR SERIES TRUSTSPDR SERIES TRUST | 20,000 | $748K | 1.56% | new | |||
| DHID R HORTON INC | 20,000 | $666K | 1.39% | new | Timeline | ||
| SMSM ENERGY COMPANY | 25,000 | $600K | 1.25% | new | Timeline | ||
| ARANTERO RESOURCES CORP | 20,000 | $456K | 0.95% | new | Timeline | ||
| Gulfport EnergyGulfport Energy | 20,000 | $343K | 0.72% | new | |||
| FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP | 160,000 | $342K | 0.71% | new | |||
| AMGNAMGEN INC | 2,000 | $328K | 0.69% | new | Timeline | ||
| NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD | 25,000 | $326K | 0.68% | new | |||
| WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS | 30,000 | $199K | 0.42% | 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 |
|---|---|---|---|---|
| GLDSPDR GOLD TR GOLD SHS | call | 105,000 | $12.5M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 40,000 | $9.43M | -1,060,000 |
| IWMISHARES TR SHS | put | 30,000 | $4.12M | -370,000 |
| GDXVANECK ETF TRUST GOLD MINERS ETF | call | 130,000 | $2.96M | -3,245,000 |
| GDXVANECK ETF TRUST GOLD MINERS ETF | put | 100,000 | $2.28M | -900,000 |
| TECKTECK RESOURCES LTD Stock | call | 100,000 | $2.19M | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| TWITTER INCTWITTER INC NOTE 1.000% 9/1 | principal | 5,000,000 | $4.58M | -5,000,000 |
| INTERDIGITAL INCINTERDIGITAL INC NOTE 1.500% 3/0 | principal | 3,000,000 | $3.92M | new |
| SERVICENOW INCSERVICENOW INC NOTE 11/0 | principal | 3,000,000 | $3.87M | new |
| RAMBUS INCRAMBUS INC CNV | principal | 3,000,000 | $3.6M | new |
| PROOFPOINT INCPROOFPOINT INC DBCV 0.750% 6/1 | principal | 3,000,000 | $3.43M | new |
| VERINT SYS INCVERINT SYS INC NOTE 1.500% 6/0 | principal | 3,000,000 | $2.97M | new |
| RYLAND GROUP 0.250RYLAND GROUP 0.250 NOTE 0.250% 6/0 | principal | 3,000,000 | $2.83M | new |
| MOLINA HEALTHCARE INCMOLINA HEALTHCARE INC DBCV 1.625% 8/1 | principal | 1,000,000 | $1.06M | new |
| MANDIANT INCMANDIANT INC NOTE 1.625% 6/0 | principal | 909,000 | $818K | +709,000 |
Sold out in Q1 2017
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| CTRIP COM INTL LTDCTRIP COM INTL LTD | 139,369,000 | $162M | principal |
| SLVISHARES SILVER TR | 2,700,000 | $40.8M | call |
| EEMISHARES TR | 1,000,000 | $35M | put |
| DEDEERE & CO | 300,000 | $30.9M | put |
| CATCATERPILLAR INC | 300,000 | $27.8M | put |
| GDXVANECK ETF TRUST | 300,000 | $6.28M | shares |
| ENBRIDGE INC 6 77ENBRIDGE INC 6 77 | 5,000,000 | $5M | principal |
| WELLS FARGO & CO NEWWELLS FARGO & CO NEW | 196,000 | $4.18M | shares |
| VODVODAFONE GROUP PLC | 100,000 | $2.44M | shares |
| LIBERTY GLOBAL PLCLIBERTY GLOBAL PLC | 100,000 | $2.12M | shares |
| ADVENT CLAY CONV SEC INC FDADVENT CLAY CONV SEC INC FD | 130,000 | $764K | shares |
| MYLAN NVMYLAN NV | 12,000 | $457K | shares |
| NGDNEW GOLD INC | 97,713 | $342K | shares |
| BARRICK GOLD CORPBARRICK GOLD CORP | 10,000 | $159K | shares |
| GOLDCORP INC NEWGOLDCORP INC NEW | 10,000 | $136K | shares |
| NGNOVAGOLD RESOURCES INC | 21,700 | $98K | shares |
How Q1 2017 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 0001313597-17-000011 | base | 2017-05-16 | acceptance time not in the bulk data set |