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INHERENT GROUP, LP

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13F filer, CIK 1749824, NEW YORK, NY

INHERENT GROUP, LP reported $363,998,857 across 15 holdings for the quarter ended 2023-06-30, in a 13F-HR filed 2023-08-14. Its ten largest share positions make up 99.88% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001405086-23-000203

Period
2023-06-30
Reported value
$364M
Holdings
15
Top 10 weight
99.88%
New
1
Sold out
21

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OECadded+5,250$111K

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
FISexited-320,688-$17.4M
VSTexited-496,701-$11.9M
FCNCAexited-4,306-$4.19M
GROVE COLLABORATIVE HOLD INCreduced-1,605,245-$2.84M
UNPexited-13,900-$2.8M

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.

Holdings, Q2 2023

Share positions as resolved from 13F-HR 0001405086-23-000203, largest first. % of portfolio is the value over $144,473,857, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
OECORION S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 2,741,655 shares; 2023Q1: 2,741,655 shares; 2023Q2: 2,746,905 shares 2,746,905$58.3M40.35%+5,250Timeline
MR COOPER GROUP INCMR COOPER GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 731,136 shares; 2023Q1: 731,136 shares; 2023Q2: 731,136 shares 731,136$37M25.63%0
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 213,405 shares; 2023Q1: 213,405 shares; 2023Q2: 213,405 shares 213,405$10.5M7.28%0Timeline
STEPSTEPSTONE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 216,771 shares; 2023Q1: 216,771 shares; 2023Q2: 216,771 shares 216,771$5.38M3.72%0Timeline
ALLYALLY FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 118,890 shares; 2023Q1: 118,890 shares; 2023Q2: 118,890 shares 118,890$3.21M2.22%0Timeline
GROVE COLLABORATIVE HOLD INCGROVE COLLABORATIVE HOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 2,006,556 shares; 2023Q1: 2,006,556 shares; 2023Q2: 401,311 shares 401,311$710K0.49%-1,605,245
VITLVITAL FARMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 33,919 shares; 2023Q1: 33,919 shares; 2023Q2: 33,919 shares 33,919$407K0.28%0Timeline
QSQUANTUMSCAPE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: restricted; 2022Q3: restricted; 2022Q4: 20,849 shares; 2023Q1: 20,849 shares; 2023Q2: 20,849 shares 20,849$167K0.12%0Timeline

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).

SecurityTypeAmountValueChange
HYGISHARES TR IBOXX HI YD ETFput1,800,000$135M0
XLFSELECT SECTOR SPDR TR SHSput1,900,000$64M-100,000
QQQINVESCO QQQ TR COMput50,000$18.5M-450,000
ARCCARES CAPITAL CORP COMput100,000$1.88Mnew

Principal amounts

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

SecurityTypeAmountValueChange
CAZOO GROUP LTDCAZOO GROUP LTD DEBT 2.000% 2/1principal50,000,000$19.1M0
BRIDGEBIO PHARMA INCBRIDGEBIO PHARMA INC Convertibleprincipal9,000,000$5.59M-22,250,000
LIBERTY LATIN AMERICA LTDLIBERTY LATIN AMERICA LTD BONDprincipal4,320,000$4.08M0

Sold out in Q2 2023

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

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T275,000$113Mput
XLISELECT SECTOR SPDR TR700,000$70.8Mput
LQDISHARES TR300,000$32.9Mput
IWMISHARES TR100,000$17.8Mcall
FISFIDELITY NATL INFORMATION SV320,688$17.4Mshares
AFFIRM HLDGS INCAFFIRM HLDGS INC20,500,000$13.3Mprincipal
WAYFAIR INCWAYFAIR INC17,000,000$12.3Mprincipal
VSTVISTRA CORP496,701$11.9Mshares
ALLYALLY FINL INC450,000$11.5Mput
ABNBAIRBNB INC75,000$9.33Mput
OAK STR HEALTH INCOAK STR HEALTH INC7,000,000$6.89Mprincipal
AALAMERICAN AIRLINES GROUP INC398,600$5.88Mput
ETSYETSY INC50,000$5.57Mcall
RIVNRIVIAN AUTOMOTIVE INC350,000$5.42Mput
FCNCAFIRST CTZNS BANCSHARES INC D4,306$4.19Mshares
BXPBXP INC75,000$4.06Mput
SCHWCHARLES SCHWAB CORP (THE)75,000$3.93Mcall
UNPUNION PAC CORP13,900$2.8Mshares
BBIOBRIDGEBIO PHARMA INC118,900$1.97Mput
LUMNLUMEN TECHNOLOGIES INC100,000$265Kput
SGSWEETGREEN INC14,100$111Kshares

How Q2 2023 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 0001405086-23-000203 base2023-08-14acceptance time not in the bulk data set