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Disclosery

Merchants' Gate Capital LP

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13F filer, CIK 1425160, New York, NY

Merchants' Gate Capital LP reported $1,459,620,000 across 23 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-15. Its ten largest share positions make up 79.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950142-14-001050

Period
2014-03-31
Reported value
$1.46B
Holdings
23
Top 10 weight
79.35%
New
10
Sold out
9

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CTRIP COM INTL LTDnew+952,424$48M
OIInew+665,696$47.8M
GPREnew+1,596,256$47.8M
AMZNadded+108,331$36.4M
SBHadded+755,300$20.7M

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
WMBreduced-1,988,351-$80.7M
NVRreduced-53,181-$61M
STZreduced-465,660-$39.6M
RRCexited-450,000-$37.9M
MICHAEL KORS HLDGS LTDexited-301,600-$24.5M

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, Q1 2014

Share positions as resolved from 13F-HR 0000950142-14-001050, largest first. % of portfolio is the value over $1,260,151,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MONSANTO CO NEWMONSANTO CO NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 2,182,342 shares; 2013Q3: 1,876,942 shares; 2013Q4: 1,392,942 shares; 2014Q1: 1,399,602 shares 1,399,602$159M12.64%+6,660
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: 920,000 shares; 2013Q4: 1,750,000 shares; 2014Q1: 1,628,800 shares 1,628,800$129M10.23%-121,200Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 3,789,499 shares; 2013Q3: 2,684,802 shares; 2013Q4: 2,075,702 shares; 2014Q1: 2,184,600 shares 2,184,600$121M9.62%+108,898Timeline
NVRNVR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 175,840 shares; 2013Q3: 226,826 shares; 2013Q4: 150,976 shares; 2014Q1: 97,795 shares 97,795$112M8.9%-53,181Timeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 4,033,600 shares; 2013Q3: 5,308,600 shares; 2013Q4: 4,695,386 shares; 2014Q1: 2,707,035 shares 2,707,035$110M8.72%-1,988,351Timeline
HOUSANYWHERE REAL ESTATE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 2,040,556 shares; 2013Q3: 2,494,556 shares; 2013Q4: 2,714,556 shares; 2014Q1: 2,296,305 shares 2,296,305$99.8M7.92%-418,251Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 379,289 shares; 2013Q3: 1,104,289 shares; 2013Q4: 1,343,689 shares; 2014Q1: 1,381,189 shares 1,381,189$98.9M7.84%+37,500Timeline
SBHSALLY BEAUTY HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 2,669,573 shares; 2013Q3: 3,544,573 shares; 2013Q4: 1,589,671 shares; 2014Q1: 2,344,971 shares 2,344,971$64.3M5.1%+755,300Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: 50,000 shares; 2014Q1: 158,331 shares 158,331$53.3M4.23%+108,331Timeline
DLTRDOLLAR TREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 2,642,000 shares; 2013Q3: 1,886,076 shares; 2013Q4: 1,193,076 shares; 2014Q1: 1,004,788 shares 1,004,788$52.4M4.16%-188,288Timeline
CTRIP COM INTL LTDCTRIP COM INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 952,424 shares 952,424$48M3.81%new
OIIOCEANEERING INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 665,696 shares 665,696$47.8M3.8%newTimeline
GPREGREEN PLAINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 1,596,256 shares 1,596,256$47.8M3.8%newTimeline
DRESSER-RAND GROUP INCDRESSER-RAND GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: 707,800 shares; 2013Q4: 925,000 shares; 2014Q1: 516,100 shares 516,100$30.1M2.39%-408,900
STZCONSTELLATION BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 627,447 shares; 2013Q3: 1,784,547 shares; 2013Q4: 772,101 shares; 2014Q1: 306,441 shares 306,441$26M2.07%-465,660Timeline
FLEETCOR TECHNOLOGIES INCFLEETCOR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 178,000 shares 178,000$20.5M1.63%new
CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 800,000 shares 800,000$16.4M1.3%new
YPFYPF SOCIEDAD ANONIMAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: 1,333,800 shares; 2013Q3: 1,225,000 shares; 2013Q4: 732,200 shares; 2014Q1: 522,828 shares 522,828$16.3M1.29%-209,372Timeline
ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2012Q2: restricted; 2012Q3: restricted; 2012Q4: restricted; 2013Q1: not loaded; 2013Q2: not reported; 2013Q3: not reported; 2013Q4: not reported; 2014Q1: 1,500,000 shares 1,500,000$7.23M0.57%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).

SecurityTypeAmountValueChange
FAMILY DLR STORES INCFAMILY DLR STORES INC COMcall1,505,000$87.3Mnew
VLOVALERO ENERGY CORP Stockcall1,000,000$53.1Mnew
WMBWILLIAMS COS INC Stockcall1,250,000$50.7Mnew
TSLATESLA INC COMput40,000$8.34Mnew

Sold out in Q1 2014

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 T1,600,000$296Mput
MONSANTO CO NEWMONSANTO CO NEW800,000$93.2Mcall
RRCRANGE RES CORP450,000$37.9Mshares
MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD301,600$24.5Mshares
AIRGAS INCAIRGAS INC200,000$22.4Mshares
SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC5,320,000$18.6Mshares
VALEVALE S A750,000$11.4Mput
SNASNAP ON INC101,900$11.2Mshares
VLOVALERO ENERGY CORP120,000$6.05Mshares

How Q1 2014 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 0000950142-14-001050 base2014-05-15acceptance time not in the bulk data set