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Disclosery

GRACE BROTHERS MANAGEMENT LLC

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13F filer, CIK 1218558, EVANSTON, IL

GRACE BROTHERS MANAGEMENT LLC reported $47,902,000 across 29 holdings for the quarter ended 2015-06-30, in a 13F-HR filed 2015-08-10. Its ten largest share positions make up 54.1% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001218558-15-000003

Period
2015-06-30
Reported value
$47.9M
Holdings
29
Top 10 weight
54.1%
New
10
Sold out
19

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ALLERGAN PLCnew+1,500$1.57M
FRONTIER COMMUNICATIONS CORPnew+15,000$1.5M
ELEVANCE HEALTH INCnew+20,000$1.05M
WPX ENERGY INCnew+20,000$1.01M
SOUTHWESTERN ENERGY CO DEP …added+20,000$994K

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

SecurityShares changeApprox. value
TYSON FOODSexited-37,000-$1.79M
ACTAVIS PLCexited-1,500-$1.55M
CHESAPEAKE ENERGY CORPexited-1,300-$1.13M
PowerShares QQQ Trust Unit …reduced-1,800-$193K

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, Q2 2015

Share positions as resolved from 13F-HR 0001218558-15-000003, largest first. % of portfolio is the value over $47,902,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SOUTHWESTERN ENERGY CO DEP …SOUTHWESTERN ENERGY CO DEP SHS 12…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: 20,000 shares; 2015Q2: 40,000 shares 40,000$1.99M4.15%+20,000
ALLERGAN PLCALLERGAN PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 1,500 shares 1,500$1.57M3.28%new
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 15,000 shares 15,000$1.5M3.13%new
PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit SerQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: 14,000 shares; 2014Q1: 15,000 shares; 2014Q2: 12,000 shares; 2014Q3: 10,800 shares; 2014Q4: 12,800 shares; 2015Q1: 11,900 shares; 2015Q2: 10,100 shares 10,100$1.08M2.26%-1,800
ELEVANCE HEALTH INCELEVANCE HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 20,000 shares 20,000$1.05M2.2%new
WPX ENERGY INCWPX ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 20,000 shares 20,000$1.01M2.11%new
YAHOO INCYAHOO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 9,300 shares 9,300$365K0.76%new
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: not reported; 2014Q1: not reported; 2014Q2: 2,450 shares; 2014Q3: 2,450 shares; 2014Q4: 2,450 shares; 2015Q1: 2,450 shares; 2015Q2: 2,450 shares 2,450$307K0.64%0Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: 7,000 shares; 2014Q1: 7,000 shares; 2014Q2: 7,000 shares; 2014Q3: 7,000 shares; 2014Q4: 7,000 shares; 2015Q1: 7,000 shares; 2015Q2: 7,000 shares 7,000$192K0.4%0Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
AMAG PHARMACEUTICALS INCAMAG PHARMACEUTICALS INC NOTE 2.500 2/1principal2,000,000$5.18M0
INTEL CORPINTEL CORP CORPORATE OBLIGprincipal2,000,000$3.04M0
TRINITY INDS INCTRINITY INDS INC NOTE 3.875% 6/0principal2,250,000$2.85M+750,000
VERISIGN INCVERISIGN INC CORPORATE OBLIGprincipal1,500,000$2.77M0
ATLAS AIR WORLDWIDE HLDGS INATLAS AIR WORLDWIDE HLDGS IN NOTE 2.250% 6/0principal2,350,000$2.31Mnew
VIPSHOP HLDGS LTDVIPSHOP HLDGS LTD NOTE 1.500% 3/1principal1,600,000$2.03M0
ACORDA THERAPEUTICS INCACORDA THERAPEUTICS INC NOTE 1.750% 6/1principal2,000,000$2.02M0
ECHO GLOBAL LOGISTICS INCECHO GLOBAL LOGISTICS INC NOTEprincipal1,750,000$1.89Mnew
TESARO INCTESARO INC NOTE 3.00010/0principal1,000,000$1.83M0
SEACOR HOLDINGS INCSEACOR HOLDINGS INC NOTE 2.500%12/1principal1,750,000$1.79M0
ICON 1.5 3/18ICON 1.5 3/18 Bond 30/360P2 Uprincipal1,750,000$1.79M-500,000
ALTRA HOLDINGS INCALTRA HOLDINGS INC NOTE 2.750% 3/0principal1,500,000$1.72M0
PFPT1.25 12/18PFPT1.25 12/18 Bond 30/360P2 Uprincipal1,000,000$1.7M0
QUIDEL CORPQUIDEL CORP NOTE 3.250%12/1principal1,250,000$1.25M0
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP NOTE 2.625%12/1principal1,000,000$1.24Mnew
BOTTOMLINE TECH DEL INCBOTTOMLINE TECH DEL INC NOTE 1.500%12/0principal1,100,000$1.21M0
NVDA 1 12/1/18NVDA 1 12/1/18 Bond 30/360P2 Uprincipal1,000,000$1.15M0
CHENIERE ENERGY INCCHENIERE ENERGY INC NOTE 4.250% 3/1principal1,500,000$1.13M0
CORENERGY INFRASTRUCTURE TRCORENERGY INFRASTRUCTURE TR NOTE 7.000% 6/1principal1,000,000$1.02Mnew
MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC NOTE 3.000%11/1principal1,000,000$906Knew

Sold out in Q2 2015

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

SecurityShares beforeValue beforeType
MYLAN INCMYLAN INC2,000,000$8.88Mprincipal
SANDISK CORPSANDISK CORP3,750,000$5.11Mprincipal
ANTHEM INCANTHEM INC1,900,000$3.92Mprincipal
NOVELLUS SYS INCNOVELLUS SYS INC1,750,000$3.59Mprincipal
SUNE 2 10/01/18SUNE 2 10/01/182,000,000$3.44Mprincipal
DEALERTRACK TECHNOLOGIES INCDEALERTRACK TECHNOLOGIES INC2,750,000$3.27Mprincipal
TESLA MOTORS INC 1.500TESLA MOTORS INC 1.5002,000,000$3.21Mprincipal
RADIAN GROUP INCRADIAN GROUP INC1,550,000$2.48Mprincipal
MU 2.375 5/1/32MU 2.375 5/1/32850,000$2.4Mprincipal
SPECTRANETICS CORPSPECTRANETICS CORP1,500,000$1.94Mprincipal
TYSON FOODSTYSON FOODS37,000$1.79Mshares
JARDEN CORPJARDEN CORP1,000,000$1.71Mprincipal
ACTAVIS PLCACTAVIS PLC1,500$1.55Mshares
GREEN PLAINS INCGREEN PLAINS INC1,000,000$1.5Mprincipal
HWAY 1.5 7/18HWAY 1.5 7/181,000,000$1.17Mprincipal
CHESAPEAKE ENERGY CORPCHESAPEAKE ENERGY CORP1,300$1.13Mshares
ENVESTNET INCENVESTNET INC865,000$969Kprincipal
WEB COM GROUP INCWEB COM GROUP INC1,000,000$923Kprincipal
TESLA INCTESLA INC900,000$758Kprincipal

How Q2 2015 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001218558-15-000003 base2015-08-10acceptance time not in the bulk data set