HARBERT MANAGEMENT CORP
Follow13F filer, CIK 1259933, Birmingham, AL
HARBERT MANAGEMENT CORP reported $120,449,000 across 22 holdings for the quarter ended 2013-12-31, in a 13F-HR filed 2014-02-14. Its ten largest share positions make up 71.29% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-14-001095
- Period
- 2013-12-31
- Reported value
- $120M
- Holdings
- 22
- Top 10 weight
- 71.29%
- New
- 3
- Sold out
- 8
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| CHICOS FAS INCnew | +165,000 | $3.11M |
| CHARTER FINANCIAL CORPadded | +209,100 | $2.25M |
| COMVERSE INCnew | +56,000 | $2.17M |
| URS CORP NEWadded | +24,500 | $1.3M |
| NWSAadded | +50,000 | $901K |
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 |
|---|---|---|
| TEVAexited | -225,000 | -$8.5M |
| ORCLreduced | -125,000 | -$4.78M |
| AZNreduced | -70,000 | -$4.16M |
| HESS CORPreduced | -50,000 | -$4.15M |
| TRIPLE-S MGMT CORPexited | -224,000 | -$4.12M |
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, Q4 2013
Share positions as resolved from 13F-HR 0000919574-14-001095, largest first. % of portfolio is the value over $86,709,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| MSFTMICROSOFT CORP | 225,000 | $8.42M | 9.71% | -50,000 | Timeline | ||
| LLOEWS CORP | 160,000 | $7.72M | 8.9% | -40,000 | Timeline | ||
| ORCLORACLE CORP | 200,000 | $7.65M | 8.82% | -125,000 | Timeline | ||
| EXELIS INCEXELIS INC | 360,000 | $6.86M | 7.91% | -140,000 | |||
| AZNASTRAZENECA PLC-SPONS ADR | 105,000 | $6.23M | 7.19% | -70,000 | Timeline | ||
| URS CORP NEWURS CORP NEW | 100,000 | $5.3M | 6.11% | +24,500 | |||
| DEAN FOODS CO NEWDEAN FOODS CO NEW | 300,000 | $5.16M | 5.95% | -125,000 | |||
| HESS CORPHESS CORP | 60,000 | $4.98M | 5.74% | -50,000 | |||
| NWSANEWS CORP NEW | 275,000 | $4.96M | 5.72% | +50,000 | Timeline | ||
| AMERICAN INTL GROUP INCAMERICAN INTL GROUP INC | 224,000 | $4.54M | 5.23% | -66,000 | |||
| AIGAMERICAN INTL GROUP INC | 75,000 | $3.83M | 4.42% | +15,000 | Timeline | ||
| MARATHON OIL CORPMARATHON OIL CORP | 100,000 | $3.53M | 4.07% | -85,000 | |||
| XLFSELECT SECTOR SPDR TR | 150,000 | $3.28M | 3.78% | 0 | Timeline | ||
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW | 62,000 | $3.23M | 3.73% | -13,000 | |||
| NBHCNATIONAL BK HLDGS CORP | 150,000 | $3.21M | 3.7% | -75,000 | Timeline | ||
| CHICOS FAS INCCHICOS FAS INC | 165,000 | $3.11M | 3.59% | new | |||
| CHARTER FINANCIAL CORPCHARTER FINANCIAL CORP | 235,000 | $2.53M | 2.92% | +209,100 | |||
| COMVERSE INCCOMVERSE INC | 56,000 | $2.17M | 2.51% | 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 |
|---|---|---|---|---|
| IWMISHARES TR SHS | put | 200,000 | $23.1M | new |
| TSLATESLA INC COM | put | 30,000 | $4.51M | -281,000 |
| MUMICRON TECHNOLOGY INC COM | call | 170,000 | $3.7M | -30,000 |
| BARRICK GOLD CORPBARRICK GOLD CORP COM | call | 140,000 | $2.47M | 0 |
Sold out in Q4 2013
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| TEVATEVA PHARMACEUTICAL INDS LTD | 225,000 | $8.5M | shares |
| TRIPLE-S MGMT CORPTRIPLE-S MGMT CORP | 224,000 | $4.12M | shares |
| SAIC INCSAIC INC | 56,250 | $2.56M | shares |
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES | 100,000 | $2.05M | put |
| HBIOHARVARD BIOSCIENCE INC | 225,000 | $1.18M | shares |
| SANOFISANOFI | 500,000 | $1.01M | call |
| ENZNENZON PHARMACEUTICALS INC | 241,800 | $406K | shares |
| ENGILITY HLDGS INCENGILITY HLDGS INC | 11,612 | $368K | shares |
How Q4 2013 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 0000919574-14-001095 | base | 2014-02-14 | acceptance time not in the bulk data set |