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.
Back to all 34 share positions
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.
| 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 |
| WFCWELLS FARGO & CO | 100,000 | $45K | put |
| JKSJINKOSOLAR HLDG CO LTD | 31,800 | $41K | put |
| AVON PRODS INCAVON PRODS INC | 30,000 | $41K | put |
| AMATAPPLIED MATLS INC | 75,000 | $40K | put |
| VALEVALE S A | 50,000 | $39K | put |
| CSCOCISCO SYS INC | 216,100 | $38K | put |
| FITBFIFTH THIRD BANCORP | 31,300 | $34K | call |
| BB & T CORPBB & T CORP | 40,000 | $32K | put |
| AMERICAN RAILCAR INDUSTRIESAMERICAN RAILCAR INDUSTRIES | 29,000 | $30K | put |
| AMERICAN RAILCAR INDUSTRIESAMERICAN RAILCAR INDUSTRIES | 9,600 | $30K | call |
| AMERICAN RAILCAR INDUSTRIESAMERICAN RAILCAR INDUSTRIES | 600 | $27K | shares |
| DRIDARDEN RESTAURANTS INC | 20,000 | $25K | call |
| IVZINVESCO LTD | 19,500 | $24K | put |
| MARKET VECTORS ETF TRMARKET VECTORS ETF TR | 914,500 | $24K | put |
| TLTISHARES TR | 278,000 | $21K | call |
| AEMAGNICO EAGLE MINES LTD | 14,200 | $19K | call |
| ARIAD PHARMACEUTICALS INCARIAD PHARMACEUTICALS INC | 56,500 | $19K | call |
| EEMISHARES TR | 102,800 | $17K | put |
| OXYOCCIDENTAL PETE CORP | 20,000 | $17K | put |
| DRIDARDEN RESTAURANTS INC | 122,800 | $17K | put |
| ALON USA ENERGY INCALON USA ENERGY INC | 23,000 | $17K | put |
| AMATAPPLIED MATLS INC | 77,500 | $16K | call |
| TAT&T INC | 41,700 | $15K | call |
| DXJWISDOMTREE TR | 25,000 | $14K | call |
| JAMES RIVER COAL COJAMES RIVER COAL CO | 10,000 | $14K | shares |
| FXIISHARES TR | 61,200 | $13K | put |
| BCSBARCLAYS PLC | 111,100 | $13K | put |
| INTCINTEL CORP | 35,000 | $12K | put |
| URBNURBAN OUTFITTERS INC | 11,600 | $12K | call |
| FXIISHARES TR | 11,200 | $11K | call |
| BAXBAXTER INTL INC | 19,100 | $11K | call |
| METAMETA PLATFORMS INC | 40,000 | $10K | put |
| ENERPLUS CORPENERPLUS CORP | 20,200 | $10K | call |
| MARKET VECTORS - COAL ETFMARKET VECTORS - COAL ETF | 41,000 | $10K | put |
| EFAISHARES TR | 150,000 | $9K | put |
| EFAISHARES TR | 2,200 | $9K | call |
| DXJWISDOMTREE TR | 163,900 | $9K | put |
| IWMISHARES TR | 85,400 | $7K | put |
| AMERICAN CAPITAL AGENCY CORPAMERICAN CAPITAL AGENCY CORP | 10,900 | $7K | call |
| COOPER TIRE & RUBR COCOOPER TIRE & RUBR CO | 35,200 | $7K | put |
| ARCELORMITTAL FUNSPONSORED …ARCELORMITTAL FUNSPONSORED ADR 1 … | 108,500 | $6K | put |
| RYLAND GROUP INCRYLAND GROUP INC | 900 | $6K | call |
| FITBFIFTH THIRD BANCORP | 16,100 | $4K | put |
| SANDRIDGE ENERGY INCSANDRIDGE ENERGY INC | 256,900 | $4K | put |
| BACBANK OF AMER CORP | 633,300 | $3K | put |
| DHID R HORTON INC | 75,000 | $3K | put |
| JOY GLOBAL INCJOY GLOBAL INC | 25,000 | $3K | put |
| MARKET VECTORS - COAL ETFMARKET VECTORS - COAL ETF | 20,000 | $3K | call |
| BAXBAXTER INTL INC | 25,100 | $2K | put |
| EPIWISDOMTREE TR | 100 | $2K | shares |
| Dow Chemical CompanyDow Chemical Company | 36,600 | $2K | put |
| ETNEATON CORP PLC | 11,600 | $1K | put |
| KMIKINDER MORGAN INC DEL | 30,600 | $1K | call |
| NDAQNASDAQ INC | 43,200 | $1K | put |
| MSIMOTOROLA SOLUTIONS INC | 16,200 | $1K | put |
| AUXILIUM PHARMACEUTICALSAUXILIUM PHARMACEUTICALS | 10,000 | $1K | call |
| PANDORA MEDIA INCPANDORA MEDIA INC | 50,000 | $1K | put |
| MGMMGM RESORTS INTERNATIONAL | 44,400 | $0 | put |
| URBNURBAN OUTFITTERS INC | 100 | $0 | put |
| Vaneck Vectors Gold Miners …Vaneck Vectors Gold Miners ETF | 53,800 | $0 | call |
| L-3 COMMUNICATIONS HLDGS INCL-3 COMMUNICATIONS HLDGS INC | 12,500 | $0 | put |
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 |