Merchants' Gate Capital LP
Follow13F filer, CIK 1425160, New York, NY
Merchants' Gate Capital LP reported $1,792,317,000 across 22 holdings for the quarter ended 2013-12-31, in a 13F-HR filed 2014-02-13. Its ten largest share positions make up 84.72% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950142-14-000375
- Period
- 2013-12-31
- Reported value
- $1.79B
- Holdings
- 22
- Top 10 weight
- 84.72%
- New
- 5
- Sold out
- 5
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HDadded | +830,000 | $68.3M |
| RRCnew | +450,000 | $37.9M |
| AMZNnew | +50,000 | $19.9M |
| SIRIUS XM HOLDINGS INCnew | +5,320,000 | $18.6M |
| ROSTadded | +239,400 | $17.9M |
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 |
|---|---|---|
| SLBexited | -1,649,500 | -$146M |
| NATIONAL OILWELL VARCO INCexited | -1,815,650 | -$142M |
| AIRGAS INCreduced | -711,540 | -$79.6M |
| NVRreduced | -75,850 | -$77.8M |
| STZreduced | -1,012,446 | -$71.3M |
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 0000950142-14-000375, largest first. % of portfolio is the value over $1,392,136,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| WMBWILLIAMS COS INC | 4,695,386 | $181M | 13.01% | -613,214 | Timeline | ||
| MONSANTO CO NEWMONSANTO CO NEW | 1,392,942 | $162M | 11.66% | -484,000 | |||
| NVRNVR INC | 150,976 | $155M | 11.13% | -75,850 | Timeline | ||
| HDHOME DEPOT INC | 1,750,000 | $144M | 10.35% | +830,000 | Timeline | ||
| HOUSANYWHERE REAL ESTATE INC | 2,714,556 | $134M | 9.65% | +220,000 | Timeline | ||
| DGDOLLAR GEN CORP | 2,075,702 | $125M | 8.99% | -609,100 | Timeline | ||
| ROSTROSS STORES INC | 1,343,689 | $101M | 7.23% | +239,400 | Timeline | ||
| DLTRDOLLAR TREE INC | 1,193,076 | $67.3M | 4.84% | -693,000 | Timeline | ||
| DRESSER-RAND GROUP INCDRESSER-RAND GROUP INC | 925,000 | $55.2M | 3.96% | +217,200 | |||
| STZCONSTELLATION BRANDS INC | 772,101 | $54.3M | 3.9% | -1,012,446 | Timeline | ||
| SBHSALLY BEAUTY HLDGS INC | 1,589,671 | $48.1M | 3.45% | -1,954,902 | Timeline | ||
| RRCRANGE RES CORP | 450,000 | $37.9M | 2.73% | new | Timeline | ||
| MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD | 301,600 | $24.5M | 1.76% | -423,400 | |||
| YPFYPF SOCIEDAD ANONIMA | 732,200 | $24.1M | 1.73% | -492,800 | Timeline | ||
| AIRGAS INCAIRGAS INC | 200,000 | $22.4M | 1.61% | -711,540 | |||
| AMZNAMAZON COM INC | 50,000 | $19.9M | 1.43% | new | Timeline | ||
| SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC | 5,320,000 | $18.6M | 1.33% | new | |||
| SNASNAP ON INC | 101,900 | $11.2M | 0.8% | new | Timeline | ||
| VLOVALERO ENERGY CORP | 120,000 | $6.05M | 0.43% | 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 | 1,600,000 | $296M | -1,400,000 |
| MONSANTO CO NEWMONSANTO CO NEW COM | call | 800,000 | $93.2M | +300,000 |
| VALEVALE S A SPONSORED ADS | put | 750,000 | $11.4M | 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 |
|---|---|---|---|
| SLBSLB LIMITED | 1,649,500 | $146M | shares |
| NATIONAL OILWELL VARCO INCNATIONAL OILWELL VARCO INC | 1,815,650 | $142M | shares |
| NCLHNORWEGIAN CRUISE LINE HLDGS | 2,306,400 | $71.2M | shares |
| WABWABTEC | 466,600 | $29.3M | shares |
| FOSLFOSSIL GROUP INC | 25,000 | $2.91M | 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 0000950142-14-000375 | base | 2014-02-13 | acceptance time not in the bulk data set |