HARBERT MANAGEMENT CORP
Follow13F filer, CIK 1259933, Birmingham, AL
HARBERT MANAGEMENT CORP reported $90,717,000 across 23 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-15. Its ten largest share positions make up 75.13% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-14-003058
- Period
- 2014-03-31
- Reported value
- $90.7M
- Holdings
- 23
- Top 10 weight
- 75.13%
- New
- 8
- Sold out
- 7
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PFEnew | +175,000 | $5.62M |
| NWSAadded | +175,000 | $3.01M |
| COMVERSE INCadded | +34,000 | $1.18M |
| MADISON SQUARE GARDEN COnew | +20,000 | $1.14M |
| MARTHA STEWART LIVING OMNIMEnew | +200,000 | $906K |
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 |
|---|---|---|
| Lexited | -160,000 | -$7.72M |
| AZNexited | -105,000 | -$6.23M |
| AMERICAN INTL GROUP INCexited | -224,000 | -$4.54M |
| CHICOS FAS INCexited | -165,000 | -$3.11M |
| MSFTreduced | -60,000 | -$2.46M |
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 0000919574-14-003058, largest first. % of portfolio is the value over $69,521,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| NWSANEWS CORP NEW | 450,000 | $7.75M | 11.15% | +175,000 | Timeline | ||
| ORCLORACLE CORP | 170,000 | $6.96M | 10% | -30,000 | Timeline | ||
| MSFTMICROSOFT CORP | 165,000 | $6.76M | 9.73% | -60,000 | Timeline | ||
| PFEPFIZER INC | 175,000 | $5.62M | 8.09% | new | Timeline | ||
| EXELIS INCEXELIS INC | 250,000 | $4.75M | 6.84% | -110,000 | |||
| HESS CORPHESS CORP | 57,000 | $4.72M | 6.8% | -3,000 | |||
| URS CORP NEWURS CORP NEW | 100,000 | $4.71M | 6.77% | 0 | |||
| DEAN FOODS CO NEWDEAN FOODS CO NEW | 265,000 | $4.1M | 5.89% | -35,000 | |||
| NBHCNATIONAL BK HLDGS CORP | 175,000 | $3.51M | 5.05% | +25,000 | Timeline | ||
| XLFSELECT SECTOR SPDR TR | 150,000 | $3.35M | 4.82% | 0 | Timeline | ||
| COMVERSE INCCOMVERSE INC | 90,000 | $3.11M | 4.48% | +34,000 | |||
| MARATHON OIL CORPMARATHON OIL CORP | 85,000 | $3.02M | 4.34% | -15,000 | |||
| CHARTER FINANCIAL CORPCHARTER FINANCIAL CORP | 260,000 | $2.81M | 4.04% | +25,000 | |||
| AIGAMERICAN INTL GROUP INC | 50,000 | $2.5M | 3.6% | -25,000 | Timeline | ||
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW | 47,000 | $2.3M | 3.31% | -15,000 | |||
| MADISON SQUARE GARDEN COMADISON SQUARE GARDEN CO | 20,000 | $1.14M | 1.63% | new | |||
| MARTHA STEWART LIVING OMNIMEMARTHA STEWART LIVING OMNIME | 200,000 | $906K | 1.3% | new | |||
| FTD COS INCFTD COS INC | 27,161 | $864K | 1.24% | new | |||
| MAGICJACK VOCALTEC LTDMAGICJACK VOCALTEC LTD | 30,000 | $637K | 0.92% | 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 |
|---|---|---|---|---|
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES COMMON STOCK | put | 350,000 | $7.16M | new |
| MSFTMICROSOFT CORP COM | put | 150,000 | $6.15M | new |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | put | 200,000 | $5.52M | new |
| MUMICRON TECHNOLOGY INC COM | call | 100,000 | $2.37M | -70,000 |
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 |
|---|---|---|---|
| IWMISHARES TR | 200,000 | $23.1M | put |
| LLOEWS CORP | 160,000 | $7.72M | shares |
| AZNASTRAZENECA PLC-SPONS ADR | 105,000 | $6.23M | shares |
| AMERICAN INTL GROUP INCAMERICAN INTL GROUP INC | 224,000 | $4.54M | shares |
| TSLATESLA INC | 30,000 | $4.51M | put |
| CHICOS FAS INCCHICOS FAS INC | 165,000 | $3.11M | shares |
| BARRICK GOLD CORPBARRICK GOLD CORP | 140,000 | $2.47M | 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 0000919574-14-003058 | base | 2014-05-15 | acceptance time not in the bulk data set |
Filings
Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.
| Filing | Subject | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0000919574-14-003058 | Quarter ended 2014-03-31 | 2014-05-15 | acceptance time not in the bulk data set | |
| 13F-HR 0000919574-14-001095 | Quarter ended 2013-12-31 | 2014-02-14 | acceptance time not in the bulk data set | |
| 13F-HR 0000919574-13-006358 | Quarter ended 2013-09-30 | 2013-11-14 | acceptance time not in the bulk data set | |
| 13F-HR 0000919574-13-004798 | Quarter ended 2013-06-30 | 2013-08-14 | acceptance time not in the bulk data set |