Merchants' Gate Capital LP
Follow13F filer, CIK 1425160, New York, NY
Merchants' Gate Capital LP reported $1,372,812,000 across 33 holdings for the quarter ended 2014-06-30, in a 13F-HR filed 2014-08-14. Its ten largest share positions make up 77.68% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000950142-14-001718
- Period
- 2014-06-30
- Reported value
- $1.37B
- Holdings
- 33
- Top 10 weight
- 77.68%
- New
- 19
- Sold out
- 9
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MICHAEL KORS HLDGS LTDnew | +342,099 | $30.3M |
| OIIadded | +365,191 | $28.5M |
| GPREadded | +754,716 | $24.8M |
| APDnew | +176,435 | $22.7M |
| LOWnew | +437,655 | $21M |
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 |
|---|---|---|
| DGexited | -2,184,600 | -$121M |
| MONSANTO CO NEWreduced | -720,824 | -$89.9M |
| WMBreduced | -996,767 | -$58M |
| NVRreduced | -37,454 | -$43.1M |
| DRESSER-RAND GROUP INCexited | -516,100 | -$30.1M |
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 2014
Share positions as resolved from 13F-HR 0000950142-14-001718, largest first. % of portfolio is the value over $1,049,981,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| HDHOME DEPOT INC | 1,458,161 | $118M | 11.24% | -170,639 | Timeline | ||
| WMBWILLIAMS COS INC | 1,710,268 | $99.6M | 9.48% | -996,767 | Timeline | ||
| MONSANTO CO NEWMONSANTO CO NEW | 678,778 | $84.7M | 8.06% | -720,824 | |||
| CTRIP COM INTL LTDCTRIP COM INTL LTD | 1,275,640 | $81.7M | 7.78% | +323,216 | |||
| OIIOCEANEERING INTL INC | 1,030,887 | $80.5M | 7.67% | +365,191 | Timeline | ||
| GPREGREEN PLAINS INC | 2,350,972 | $77.3M | 7.36% | +754,716 | Timeline | ||
| DLTRDOLLAR TREE INC | 1,277,979 | $69.6M | 6.63% | +273,191 | Timeline | ||
| NVRNVR INC | 60,341 | $69.4M | 6.61% | -37,454 | Timeline | ||
| HOUSANYWHERE REAL ESTATE INC | 1,810,660 | $68.3M | 6.5% | -485,645 | Timeline | ||
| ROSTROSS STORES INC | 1,005,263 | $66.5M | 6.33% | -375,926 | Timeline | ||
| FLEETCOR TECHNOLOGIES INCFLEETCOR TECHNOLOGIES INC | 335,852 | $44.3M | 4.22% | +157,852 | |||
| SBHSALLY BEAUTY HLDGS INC | 1,596,500 | $40M | 3.81% | -748,471 | Timeline | ||
| AMZNAMAZON COM INC | 100,579 | $32.7M | 3.11% | -57,752 | Timeline | ||
| MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD | 342,099 | $30.3M | 2.89% | new | |||
| APDAIR PRODUCTS AND CHEMICALS I | 176,435 | $22.7M | 2.16% | new | Timeline | ||
| LOWLOWES COS INC | 437,655 | $21M | 2% | new | Timeline | ||
| VVISA INC | 63,639 | $13.4M | 1.28% | new | Timeline | ||
| PSXPHILLIPS 66 | 165,625 | $13.3M | 1.27% | new | Timeline | ||
| HALHALLIBURTON CO | 159,549 | $11.3M | 1.08% | new | Timeline | ||
| LLFLQLUMBER LIQUIDATORS HOLDINGS | 50,332 | $3.82M | 0.36% | new | Timeline | ||
| HEHAWAIIAN ELEC INDS INC MTN B | 50,000 | $1.27M | 0.12% | new | Timeline | ||
| Coupons Com IncCoupons Com Inc | 10,000 | $263K | 0.03% | 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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| HOUSANYWHERE REAL ESTATE INC Common Stock | call | 1,254,000 | $47.3M | new |
| HALHALLIBURTON CO Stock | call | 660,000 | $46.9M | new |
| WMBWILLIAMS COS INC Stock | call | 750,000 | $43.7M | -500,000 |
| HDHOME DEPOT INC COM | call | 502,600 | $40.7M | new |
| ADMARCHER DANIELS MIDLAND CO Stock | put | 750,000 | $33.1M | new |
| APDAIR PRODUCTS AND CHEMICALS I COM | call | 250,000 | $32.2M | new |
| WHOLE FOODS MKT INCWHOLE FOODS MKT INC COM | call | 700,000 | $27M | new |
| MONSANTO CO NEWMONSANTO CO NEW COM | call | 200,000 | $24.9M | new |
| DLTRDOLLAR TREE INC Stock | call | 200,800 | $10.9M | new |
| MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD SHS | call | 100,000 | $8.87M | new |
| ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS… COM | call | 2,000,000 | $7.3M | new |
Sold out in Q2 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| DGDOLLAR GEN CORP | 2,184,600 | $121M | shares |
| FAMILY DLR STORES INCFAMILY DLR STORES INC | 1,505,000 | $87.3M | call |
| VLOVALERO ENERGY CORP | 1,000,000 | $53.1M | call |
| DRESSER-RAND GROUP INCDRESSER-RAND GROUP INC | 516,100 | $30.1M | shares |
| STZCONSTELLATION BRANDS INC | 306,441 | $26M | shares |
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES | 800,000 | $16.4M | shares |
| YPFYPF SOCIEDAD ANONIMA | 522,828 | $16.3M | shares |
| TSLATESLA INC | 40,000 | $8.34M | put |
| ALBERTSONS CO SHS CL A CLAS…ALBERTSONS CO SHS CL A CLASS CLAS… | 1,500,000 | $7.23M | shares |
How Q2 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0000950142-14-001718 | base | 2014-08-14 | acceptance time not in the bulk data set |