Forty4 Asset Management LLC
Follow13F filer, CIK 1561322, CHICAGO, IL
Forty4 Asset Management LLC reported $124,979,000 across 83 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-08. Its ten largest share positions make up 94.1% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-14-001002
- Period
- 2014-03-31
- Reported value
- $125M
- Holdings
- 83
- Top 10 weight
- 94.1%
- New
- 41
- Sold out
- 161
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| OCWEN FINL CORPnew | +255,056 | $9.99M |
| ALPHA NATURAL RESOURCES INCadded | +1,655,910 | $7.04M |
| Walter Energy Incadded | +629,131 | $4.76M |
| ALBERTSONS CO SHS CL A CLAS…added | +648,682 | $3.13M |
| MSnew | +63,900 | $1.99M |
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 |
|---|---|---|
| TLTexited | -290,100 | -$29.6M |
| SPROTT PHYSICAL GOLD SILVERreduced | -1,855,345 | -$25.5M |
| SPYreduced | -116,070 | -$21.7M |
| CENTRAL GOLDTRUSTexited | -452,477 | -$18.8M |
| XLEexited | -156,300 | -$13.8M |
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 0001085146-14-001002, largest first. % of portfolio is the value over $104,201,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| SPROTT PHYSICAL GOLD SILVERSPROTT PHYSICAL GOLD SILVER | 4,235,784 | $58.3M | 55.93% | -1,855,345 | |||
| OCWEN FINL CORPOCWEN FINL CORP | 255,056 | $9.99M | 9.59% | new | |||
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC | 2,166,222 | $9.21M | 8.83% | +1,655,910 | |||
| Walter Energy IncWalter Energy Inc | 653,807 | $4.94M | 4.74% | +629,131 | |||
| SPYSTATE STR SPDR S&P 500 ETF T | 23,250 | $4.35M | 4.17% | -116,070 | Timeline | ||
| PBRPETROLEO BRASILEIRO S A | 262,048 | $3.45M | 3.31% | +136,950 | Timeline | ||
| ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS… | 671,283 | $3.24M | 3.11% | +648,682 | |||
| MSMORGAN STANLEY | 63,900 | $1.99M | 1.91% | new | Timeline | ||
| XLFSELECT SECTOR SPDR TR | 70,293 | $1.57M | 1.51% | +44,193 | Timeline | ||
| CHINA LIFE INSURANCE CO-ADRCHINA LIFE INSURANCE CO-ADR | 24,515 | $1.04M | 1% | new | |||
| PENNEY J C INCPENNEY J C INC | 105,800 | $912K | 0.88% | -1,059,756 | |||
| DELEK US HOLDINGS INCDELEK US HOLDINGS INC | 30,000 | $871K | 0.84% | new | |||
| EEMISHARES TR | 15,118 | $620K | 0.6% | +318 | Timeline | ||
| IWMISHARES TR | 5,215 | $607K | 0.58% | -36,285 | Timeline | ||
| PEABODY ENERGY CORPPEABODY ENERGY CORP | 22,950 | $375K | 0.36% | new | |||
| VODVODAFONE GROUP PLC | 9,373 | $345K | 0.33% | new | Timeline | ||
| HDBHDFC BANK LTD | 6,900 | $283K | 0.27% | new | Timeline | ||
| ZIONZIONS BANCORPORATION NATL AS | 8,917 | $276K | 0.26% | new | Timeline | ||
| MASMASCO CORP | 8,800 | $195K | 0.19% | new | Timeline | ||
| XOMEXXON MOBIL CORP | 1,799 | $176K | 0.17% | new | Timeline | ||
| FERRO CORPFERRO CORP | 12,800 | $175K | 0.17% | new | |||
| RITEAID CORPRITEAID CORP | 23,500 | $147K | 0.14% | new | |||
| COBALT INTL ENERGY INCCOBALT INTL ENERGY INC | 7,467 | $137K | 0.13% | new | |||
| GOLDCORP INC NEWGOLDCORP INC NEW | 5,298 | $130K | 0.12% | new | |||
| RADIOSHACK CORPRADIOSHACK CORP | 46,166 | $98K | 0.09% | new | |||
| CARBO CERAMICS INCCARBO CERAMICS INC | 700 | $97K | 0.09% | new | |||
| COACH INCCOACH INC | 1,200 | $60K | 0.06% | -36,651 | |||
| ENERPLUS CORPENERPLUS CORP | 2,700 | $54K | 0.05% | -15,000 | |||
| CROXCROCS INC | 3,300 | $51K | 0.05% | new | Timeline | ||
| FNVFRANCO NEV CORP | 900 | $41K | 0.04% | -10,200 | Timeline | ||
| YAMANA GOLD INCYAMANA GOLD INC | 4,100 | $36K | 0.03% | -9,900 | |||
| JDS UNIPHASE CORPJDS UNIPHASE CORP | 1,600 | $22K | 0.02% | new | |||
| GENCO SHIPPING + TRADING LTDGENCO SHIPPING + TRADING LTD | 12,300 | $22K | 0.02% | -46,600 | |||
| HEWLETT PACKARD COHEWLETT PACKARD CO | 100 | $3K | <0.01% | 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 |
|---|---|---|---|---|
| Walter Energy IncWalter Energy Inc COM | put | 1,735,500 | $6.54M | +1,490,300 |
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC COM | put | 3,909,200 | $6.24M | -766,800 |
| OCWEN FINL CORPOCWEN FINL CORP COM NEW | put | 252,000 | $2.79M | new |
| ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS… COM | put | 5,160,500 | $1.34M | +3,601,200 |
| ALCOA INCALCOA INC COM | call | 245,000 | $1.19M | -573,100 |
| ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS… COM | call | 707,700 | $649K | +432,200 |
| Walter Energy IncWalter Energy Inc COM | call | 408,400 | $628K | +308,300 |
| PBRPETROLEO BRASILEIRO S A SPONSORED ADR | put | 400,000 | $452K | -126,900 |
| DELEK US HOLDINGS INCDELEK US HOLDINGS INC COMMON STOCK | put | 37,800 | $140K | new |
| PEABODY ENERGY CORPPEABODY ENERGY CORP COM | put | 42,400 | $89K | new |
| CHINA LIFE INSURANCE CO-ADRCHINA LIFE INSURANCE CO-ADR SPON ADR REP H | put | 31,300 | $87K | new |
| TATA MTRS LTDTATA MTRS LTD SPONSORED ADR | call | 20,000 | $87K | 0 |
| PENNEY J C INCPENNEY J C INC COM | put | 443,200 | $61K | -2,378,300 |
| MSMORGAN STANLEY COM | put | 89,700 | $48K | -780,900 |
| MASMASCO CORP COM | put | 40,000 | $39K | new |
| COBALT INTL ENERGY INCCOBALT INTL ENERGY INC COM | put | 100,000 | $35K | new |
| XLFSELECT SECTOR SPDR TR SHS | put | 260,700 | $31K | 0 |
| GOLDCORP INC NEWGOLDCORP INC NEW COM | put | 64,500 | $31K | new |
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC COM | call | 798,300 | $31K | -499,000 |
| POLYCOMPOLYCOM COMMON STOCK | call | 50,000 | $28K | new |
| HDBHDFC BANK LTD ADR | put | 100,000 | $25K | new |
| GOLDCORP INC NEWGOLDCORP INC NEW COM | call | 24,900 | $24K | new |
| ADBEADOBE INC COM | call | 6,000 | $21K | new |
| XOMEXXON MOBIL CORP COM | call | 15,200 | $20K | -39,300 |
| CARBO CERAMICS INCCARBO CERAMICS INC COMMON STOCK | put | 10,000 | $20K | new |
| XOMEXXON MOBIL CORP COM | put | 16,400 | $18K | +1,400 |
| ZIONZIONS BANCORPORATION NATL AS COM | put | 26,200 | $17K | new |
| RITEAID CORPRITEAID CORP COM | put | 200,000 | $15K | new |
| KSSKOHLS CORP COM | call | 3,500 | $15K | -23,000 |
| COACH INCCOACH INC COM | put | 10,000 | $13K | -65,000 |
| BASIC ENERGY SERVICES INCBASIC ENERGY SERVICES INC COMMON STOCK | put | 76,400 | $9K | new |
| JDS UNIPHASE CORPJDS UNIPHASE CORP COM PAR $0.001 | put | 119,700 | $8K | new |
| ZIONZIONS BANCORPORATION NATL AS COM | call | 14,700 | $7K | new |
| TATA MTRS LTDTATA MTRS LTD SPONSORED ADR | put | 56,800 | $7K | 0 |
| CROXCROCS INC Stock | put | 46,600 | $5K | new |
| BASIC ENERGY SERVICES INCBASIC ENERGY SERVICES INC COMMON STOCK | call | 400 | $4K | new |
| FNVFRANCO NEV CORP Stock | put | 25,200 | $3K | 0 |
| CHINA LIFE INSURANCE CO-ADRCHINA LIFE INSURANCE CO-ADR SPON ADR REP H | call | 12,000 | $3K | new |
| EXPRESS INCEXPRESS INC COMMON STOCK | call | 50,000 | $3K | new |
| ADBEADOBE INC COM | put | 18,300 | $2K | new |
| PBRPETROLEO BRASILEIRO S A SPONSORED ADR | call | 86,300 | $2K | -346,000 |
| ENERPLUS CORPENERPLUS CORP COM | put | 40,000 | $2K | -5,600 |
| YAMANA GOLD INCYAMANA GOLD INC COM | put | 29,000 | $2K | -11,200 |
| RIGTRANSOCEAN LTD Stock | call | 38,100 | $1K | -1,900 |
| KSSKOHLS CORP COM | put | 10,800 | $1K | -28,300 |
| ALCOA INCALCOA INC COM | put | 110,900 | $1K | -1,098,000 |
| HEWLETT PACKARD COHEWLETT PACKARD CO COM | put | 14,000 | $0 | -11,900 |
| RADIOSHACK CORPRADIOSHACK CORP COMMON STOCK | call | 50,000 | $0 | 0 |
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 |
|---|---|---|---|---|
| ANR 4.875 12/20ANR 4.875 12/20 Bond 30/360P2 U | principal | 500,000 | $411K | 0 |
Sold out in Q1 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 161. All 161
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TLTISHARES TR | 290,100 | $29.6M | shares |
| CENTRAL GOLDTRUSTCENTRAL GOLDTRUST | 452,477 | $18.8M | shares |
| XLESELECT SECTOR SPDR TR | 156,300 | $13.8M | shares |
| GILEAD SCIENCES INCGILEAD SCIENCES INC | 3,015,000 | $9.95M | principal |
| CRMSALESFORCE INC | 117,600 | $6.49M | shares |
| D.R. HORTON INCD.R. HORTON INC | 3,500,000 | $6.04M | principal |
| EQUINIX INCEQUINIX INC | 2,500,000 | $5.46M | principal |
| SALESFORCE COM INCSALESFORCE COM INC | 2,104,000 | $5.43M | principal |
| XLKSELECT SECTOR SPDR TR | 142,335 | $5.09M | shares |
| AAPLAPPLE INC | 8,475 | $4.75M | shares |
| KRAFT FOODS GROUP INCKRAFT FOODS GROUP INC | 87,514 | $4.72M | shares |
| CCITIGROUP INC | 79,500 | $4.14M | shares |
| Vaneck Vectors Gold Miners …Vaneck Vectors Gold Miners ETF | 167,415 | $3.54M | shares |
| COPCONOCOPHILLIPS | 39,649 | $2.8M | shares |
| GSGOLDMAN SACHS GROUP INC | 15,800 | $2.8M | shares |
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC | 2,500,000 | $2.6M | principal |
| DRYSHIPS INC.DRYSHIPS INC. | 2,505,000 | $2.53M | principal |
| SPDR SERIES TRUSTSPDR SERIES TRUST | 36,200 | $2.48M | shares |
| KMIKINDER MORGAN INC DEL | 40,100 | $1.44M | shares |
| CMCSACOMCAST CORP NEW | 25,300 | $1.31M | shares |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 38,000 | $1.29M | shares |
| ORCLORACLE CORP | 300,000 | $1.29M | call |
| TWITTER INCTWITTER INC | 18,100 | $1.15M | shares |
| AMERICAN CAPITAL AGENCY CORPAMERICAN CAPITAL AGENCY CORP | 53,226 | $1.03M | shares |
| PMPHILIP MORRIS INTL INC | 11,500 | $1M | shares |
| Vaneck Vectors Gold Miners …Vaneck Vectors Gold Miners ETF | 235,900 | $963K | put |
| SPYSTATE STR SPDR S&P 500 ETF T | 454,000 | $943K | call |
| TLTISHARES TR | 605,900 | $933K | put |
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP | 29,600 | $803K | shares |
| RYLAND GROUP INCRYLAND GROUP INC | 18,500 | $803K | shares |
| METAMETA PLATFORMS INC | 14,400 | $787K | shares |
| ETNEATON CORP PLC | 9,800 | $746K | shares |
| TAT&T INC | 19,800 | $696K | shares |
| UNITED STATES OIL FUND LPUNITED STATES OIL FUND LP | 19,000 | $671K | shares |
| SPYSTATE STR SPDR S&P 500 ETF T | 560,900 | $664K | put |
| CSCOCISCO SYS INC | 221,000 | $611K | call |
| BB & T CORPBB & T CORP | 14,500 | $541K | shares |
| Dow Chemical CompanyDow Chemical Company | 11,800 | $524K | shares |
| COMSTOCK RESOURCES INCCOMSTOCK RESOURCES INC | 26,633 | $487K | shares |
| UNITED STATES OIL FUND LPUNITED STATES OIL FUND LP | 974,900 | $483K | put |
| AMATAPPLIED MATLS INC | 25,921 | $458K | shares |
| DXJWISDOMTREE TR | 8,533 | $434K | shares |
| BLACKROCK REAL ASSET EQUITYBLACKROCK REAL ASSET EQUITY | 48,400 | $422K | shares |
| ING ASIA PAC HGH DIVID EQ INING ASIA PAC HGH DIVID EQ IN | 31,188 | $397K | shares |
| MDLZMONDELEZ INTL INC | 11,100 | $392K | shares |
| TATA MTRS LTDTATA MTRS LTD | 12,700 | $391K | shares |
| OREXIGEN THERAPEUTICS INCOREXIGEN THERAPEUTICS INC | 66,225 | $373K | shares |
| UNITED STATES OIL FUND LPUNITED STATES OIL FUND LP | 864,800 | $370K | call |
| BCSBARCLAYS PLC | 19,785 | $359K | shares |
| RQICOHEN & STEERS QUALITY INCOM | 37,719 | $358K | shares |
| WMBWILLIAMS COS INC | 9,200 | $355K | shares |
| BGRBLACKROCK ENERGY & RES TR | 14,599 | $355K | shares |
| TESLA MOTORS INC 1.500TESLA MOTORS INC 1.500 | 250,000 | $346K | principal |
| OXYOCCIDENTAL PETE CORP | 3,500 | $333K | shares |
| AAPLAPPLE INC | 32,700 | $311K | put |
| EFAISHARES TR | 4,600 | $309K | shares |
| DENBURY RES INCDENBURY RES INC | 18,796 | $309K | shares |
| DWS HIGH INCOME OPPORT FD INDWS HIGH INCOME OPPORT FD IN | 21,146 | $305K | shares |
| IGRCBRE GBL REAL ESTATE INC FD | 37,200 | $295K | shares |
| JKSJINKOSOLAR HLDG CO LTD | 9,900 | $290K | shares |
| WFCWELLS FARGO & CO | 100,000 | $270K | call |
| AEMAGNICO EAGLE MINES LTD | 9,900 | $261K | shares |
| BACBANK OF AMER CORP | 233,300 | $260K | call |
| BCXBLACKROCK RES & COMMODITIES | 21,700 | $252K | shares |
| IVZINVESCO LTD | 6,700 | $244K | shares |
| DPGDUFF & PHELPS UTLITY AND INF | 10,900 | $208K | shares |
| KRAFT FOODS GROUP INCKRAFT FOODS GROUP INC | 278,600 | $202K | put |
| ARCELORMITTAL FUNSPONSORED …ARCELORMITTAL FUNSPONSORED ADR 1 … | 35,700 | $186K | call |
| MSMORGAN STANLEY | 52,700 | $185K | call |
| ABERDEEN GTR CHINA FD INCABERDEEN GTR CHINA FD INC | 18,186 | $185K | shares |
| PENNEY J C INCPENNEY J C INC | 577,800 | $175K | call |
| VALEVALE S A | 480,000 | $161K | call |
| US STEEL CORPUS STEEL CORP | 149,000 | $159K | principal |
| AVON PRODS INCAVON PRODS INC | 8,900 | $153K | shares |
| JAMES RIVER COAL COJAMES RIVER COAL CO | 101,900 | $140K | put |
| MUMICRON TECHNOLOGY INC | 6,050 | $132K | shares |
| RYLAND GROUP INCRYLAND GROUP INC | 65,200 | $130K | put |
| CCITIGROUP INC | 350,000 | $119K | put |
| ALON USA ENERGY INCALON USA ENERGY INC | 7,000 | $116K | shares |
| JOY GLOBAL INCJOY GLOBAL INC | 1,800 | $105K | shares |
| AMERICAN CAPITAL AGENCY CORPAMERICAN CAPITAL AGENCY CORP | 80,800 | $100K | put |
| ARIAD PHARMACEUTICALS INCARIAD PHARMACEUTICALS INC | 13,700 | $93K | shares |
| XRTSPDR SERIES TRUST | 1,000 | $88K | shares |
| KMIKINDER MORGAN INC DEL | 51,400 | $81K | put |
| NEMNEWMONT CORP | 34,700 | $79K | put |
| MARKET VECTORS ETF TRMARKET VECTORS ETF TR | 2,718 | $78K | shares |
| FRONTLINE LTDFRONTLINE LTD | 100,000 | $78K | call |
| FXIISHARES TR | 2,000 | $77K | shares |
| COMSTOCK RESOURCES INCCOMSTOCK RESOURCES INC | 89,300 | $75K | put |
| NORTHSTAR RLTY FIN CORPNORTHSTAR RLTY FIN CORP | 50,000 | $71K | call |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 11,100 | $67K | call |
| SANDRIDGE ENERGY INCSANDRIDGE ENERGY INC | 9,350 | $57K | shares |
| MSIMOTOROLA SOLUTIONS INC | 5,500 | $55K | call |
| TAT&T INC | 84,000 | $54K | put |
| AEMAGNICO EAGLE MINES LTD | 45,700 | $53K | put |
| PMPHILIP MORRIS INTL INC | 26,400 | $52K | put |
| HEWLETT PACKARD COHEWLETT PACKARD CO | 26,000 | $52K | call |
| INTCINTEL CORP | 35,000 | $50K | call |
| DENBURY RES INCDENBURY RES INC | 25,900 | $50K | put |
| MUMICRON TECHNOLOGY INC | 10,000 | $48K | call |
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 0001085146-14-001002 | base | 2014-05-08 | acceptance time not in the bulk data set |