Merchants' Gate Capital LP
Follow13F filer, CIK 1425160, New York, NY
Merchants' Gate Capital LP reported $2,487,863,000 across 22 holdings for the quarter ended 2013-09-30, in a 13F-HR filed 2013-11-14. Its ten largest share positions make up 75.56% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950142-13-002247
- Period
- 2013-09-30
- Reported value
- $2.49B
- Holdings
- 22
- Top 10 weight
- 75.56%
- New
- 6
- Sold out
- 8
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HDnew | +920,000 | $69.8M |
| STZadded | +1,157,100 | $66.4M |
| ROSTadded | +725,000 | $52.8M |
| NVRadded | +50,986 | $46.9M |
| WMBadded | +1,275,000 | $46.4M |
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 |
|---|---|---|
| ORLYexited | -817,913 | -$92.1M |
| AIRGAS INCreduced | -742,039 | -$78.7M |
| DGreduced | -1,104,697 | -$62.4M |
| SLBreduced | -607,800 | -$53.7M |
| LENexited | -1,422,000 | -$51.2M |
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, Q3 2013
Share positions as resolved from 13F-HR 0000950142-13-002247, largest first. % of portfolio is the value over $1,919,939,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| NVRNVR INC | 226,826 | $208M | 10.86% | +50,986 | Timeline | ||
| MONSANTO CO NEWMONSANTO CO NEW | 1,876,942 | $196M | 10.2% | -305,400 | |||
| WMBWILLIAMS COS INC | 5,308,600 | $193M | 10.05% | +1,275,000 | Timeline | ||
| DGDOLLAR GEN CORP | 2,684,802 | $152M | 7.9% | -1,104,697 | Timeline | ||
| SLBSLB LIMITED | 1,649,500 | $146M | 7.59% | -607,800 | Timeline | ||
| NATIONAL OILWELL VARCO INCNATIONAL OILWELL VARCO INC | 1,815,650 | $142M | 7.39% | -77,400 | |||
| DLTRDOLLAR TREE INC | 1,886,076 | $108M | 5.62% | -755,924 | Timeline | ||
| HOUSANYWHERE REAL ESTATE INC | 2,494,556 | $107M | 5.59% | +454,000 | Timeline | ||
| STZCONSTELLATION BRANDS INC | 1,784,547 | $102M | 5.34% | +1,157,100 | Timeline | ||
| AIRGAS INCAIRGAS INC | 911,540 | $96.7M | 5.04% | -742,039 | |||
| SBHSALLY BEAUTY HLDGS INC | 3,544,573 | $92.7M | 4.83% | +875,000 | Timeline | ||
| ROSTROSS STORES INC | 1,104,289 | $80.4M | 4.19% | +725,000 | Timeline | ||
| NCLHNORWEGIAN CRUISE LINE HLDGS | 2,306,400 | $71.2M | 3.71% | +936,005 | Timeline | ||
| HDHOME DEPOT INC | 920,000 | $69.8M | 3.63% | new | Timeline | ||
| MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD | 725,000 | $54M | 2.81% | -251,900 | |||
| DRESSER-RAND GROUP INCDRESSER-RAND GROUP INC | 707,800 | $44.2M | 2.3% | new | |||
| WABWABTEC | 466,600 | $29.3M | 1.53% | new | Timeline | ||
| YPFYPF SOCIEDAD ANONIMA | 1,225,000 | $24.7M | 1.28% | -108,800 | Timeline | ||
| FOSLFOSSIL GROUP INC | 25,000 | $2.91M | 0.15% | new | 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 |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 3,000,000 | $504M | new |
| MONSANTO CO NEWMONSANTO CO NEW COM | call | 500,000 | $52.2M | new |
| VALEVALE S A SPONSORED ADS | put | 750,000 | $11.7M | -750,000 |
Sold out in Q3 2013
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| ORLYOREILLY AUTOMOTIVE INC | 817,913 | $92.1M | shares |
| GREEN MTN COFFEE ROASTERS INGREEN MTN COFFEE ROASTERS IN | 1,000,000 | $75.2M | put |
| SLBSLB LIMITED | 1,000,000 | $71.7M | call |
| LENLENNAR CORP | 1,422,000 | $51.2M | shares |
| FAMILY DLR STORES INCFAMILY DLR STORES INC | 717,100 | $44.7M | shares |
| ORLYOREILLY AUTOMOTIVE INC | 320,000 | $36M | call |
| TOLTOLL BROTHERS INC | 1,033,600 | $33.7M | shares |
| EXPDEXPEDITORS INTL WASH INC | 261,700 | $9.96M | shares |
How Q3 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 0000950142-13-002247 | base | 2013-11-14 | acceptance time not in the bulk data set |