INHERENT GROUP, LP
Follow13F filer, CIK 1749824, NEW YORK, NY
INHERENT GROUP, LP reported $335,138,855 across 24 holdings for the quarter ended 2022-12-31, in a 13F-HR filed 2023-02-14. Its ten largest share positions make up 95.9% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001405086-23-000070
- Period
- 2022-12-31
- Reported value
- $335M
- Holdings
- 24
- Top 10 weight
- 95.9%
- New
- 6
- Sold out
- 24
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| VCSHnew | +830,700 | $62.5M |
| ARCO PLATFORM LTDnew | +230,476 | $3.11M |
| GROVE COLLABORATIVE HOLD INCnew | +2,006,556 | $801K |
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 |
|---|---|---|
| VSTreduced | -419,000 | -$9.72M |
| ALLYreduced | -389,219 | -$9.52M |
| XPexited | -480,274 | -$9.13M |
| UNIVAR INCexited | -380,846 | -$8.66M |
| OUTFRONT MEDIA INCexited | -536,500 | -$8.15M |
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 2022
Share positions as resolved from 13F-HR 0001405086-23-000070, largest first. % of portfolio is the value over $234,630,105, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| VCSHVANGUARD SCOTTSDALE FDS | 830,700 | $62.5M | 26.62% | new | Timeline | ||
| OECORION S.A. | 2,741,655 | $48.8M | 20.81% | 0 | Timeline | ||
| MR COOPER GROUP INCMR COOPER GROUP INC | 731,136 | $29.3M | 12.5% | -34,054 | |||
| VSTVISTRA CORP | 466,825 | $10.8M | 4.62% | -419,000 | Timeline | ||
| IEMGISHARES INC | 213,405 | $9.97M | 4.25% | 0 | Timeline | ||
| STEPSTEPSTONE GROUP INC | 216,771 | $5.46M | 2.33% | 0 | Timeline | ||
| ARCO PLATFORM LTDARCO PLATFORM LTD | 230,476 | $3.11M | 1.33% | new | |||
| ALLYALLY FINL INC | 118,890 | $2.91M | 1.24% | -389,219 | Timeline | ||
| GROVE COLLABORATIVE HOLD INCGROVE COLLABORATIVE HOLD INC | 2,006,556 | $801K | 0.34% | new | |||
| VITLVITAL FARMS INC | 33,919 | $506K | 0.22% | -23,047 | Timeline | ||
| PCTPURECYCLE TECHNOLOGIES INC | 22,788 | $154K | 0.07% | 0 | Timeline | ||
| QSQUANTUMSCAPE CORP | 20,849 | $118K | 0.05% | 0 | Timeline |
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 |
|---|---|---|---|---|
| HYGISHARES TR IBOXX HI YD ETF | put | 1,050,000 | $77.3M | -2,550,000 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 25,000 | $9.56M | -25,000 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 300,000 | $3.82M | 0 |
| ETSYETSY INC COM | call | 25,000 | $2.99M | new |
| KRESPDR SERIES TRUST ST STR SP REGBNK | put | 50,000 | $2.94M | new |
| WRBYWARBY PARKER INC CL A COM | call | 200,000 | $2.7M | 0 |
| PTONPELOTON INTERACTIVE INC CL A COM | call | 150,000 | $1.19M | new |
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 |
|---|---|---|---|---|
| CAZOO GROUP LTDCAZOO GROUP LTD DEBT 2.000% 2/1 | principal | 50,000,000 | $25.1M | 0 |
| BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertible | principal | 39,500,000 | $15.4M | 0 |
| OAK STR HEALTH INCOAK STR HEALTH INC BOND | principal | 18,000,000 | $13.7M | -5,000,000 |
| LIBERTY LATIN AMERICA LTDLIBERTY LATIN AMERICA LTD BOND | principal | 4,320,000 | $3.89M | 0 |
| SHAKE SHACK INCSHAKE SHACK INC NOTE 3/0 | principal | 3,000,000 | $2.03M | 0 |
Sold out in Q4 2022
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| IWMISHARES TR | 1,600,000 | $264M | call |
| XLFSELECT SECTOR SPDR TR | 1,600,000 | $48.6M | put |
| QQQINVESCO QQQ TR | 100,000 | $26.7M | call |
| MPCMARATHON PETE CORP | 100,000 | $9.93M | put |
| XPXP INC | 480,274 | $9.13M | shares |
| UNIVAR INCUNIVAR INC | 380,846 | $8.66M | shares |
| AMZNAMAZON COM INC | 75,000 | $8.47M | call |
| OUTFRONT MEDIA INCOUTFRONT MEDIA INC | 536,500 | $8.15M | shares |
| TSLATESLA INC | 30,000 | $7.96M | call |
| AMZNAMAZON COM INC | 67,889 | $7.67M | shares |
| XLESELECT SECTOR SPDR TR | 100,000 | $7.2M | put |
| GOOGLALPHABET INC | 75,000 | $7.17M | call |
| UBERUBER TECHNOLOGIES INC | 258,900 | $6.86M | shares |
| GOOGLALPHABET INC | 67,219 | $6.43M | shares |
| WRBYWARBY PARKER INC | 420,516 | $5.61M | shares |
| VLOVALERO ENERGY CORP | 50,000 | $5.34M | put |
| BABAALIBABA GROUP HLDG LTD | 50,000 | $4M | call |
| LYFTLYFT INC | 225,000 | $2.96M | call |
| BBWIBATH & BODY WORKS INC | 72,900 | $2.38M | shares |
| XPXP INC | 100,000 | $1.9M | call |
| LNGCHENIERE ENERGY INC | 10,000 | $1.66M | put |
| BABAALIBABA GROUP HLDG LTD | 10,000 | $800K | shares |
| FYBRFRONTIER COMMUNICATIONS PARE | 10,000 | $234K | shares |
| EQ HEALTH ACQUISITION CORPEQ HEALTH ACQUISITION CORP | 250,000 | $20K | shares |
How Q4 2022 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 0001405086-23-000070 | base | 2023-02-14 | acceptance time not in the bulk data set |