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P&S Credit Management, L.P.

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13F filer, CIK 1484159, New York, NY

P&S Credit Management, L.P. reported $140,412,034 across 14 holdings for the quarter ended 2023-06-30, in a 13F-HR filed 2023-08-01. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001814554-23-000011

Period
2023-06-30
Reported value
$140M
Holdings
14
Top 10 weight
100%
New
5
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FCXnew+50,000$2M
TROXnew+100,000$1.27M
ARnew+50,000$1.15M

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
DALreduced-30,000-$1.43M
NBRexited-11,000-$1.34M
CNXreduced-30,000-$532K

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 0001814554-23-000011, largest first. % of portfolio is the value over $14,630,400, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
DALDELTA AIR LINES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 100,000 shares; 2023Q1: 100,000 shares; 2023Q2: 70,000 shares 70,000$3.33M22.75%-30,000Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 120,000 shares; 2023Q1: 120,000 shares; 2023Q2: 120,000 shares 120,000$2.01M13.75%0Timeline
FCXFREEPORT MCMORAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 50,000 shares 50,000$2M13.67%newTimeline
SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 230,000 shares; 2023Q1: 230,000 shares; 2023Q2: 230,000 shares 230,000$1.38M9.45%0
FANGDIAMONDBACK ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 10,000 shares; 2023Q1: 10,000 shares; 2023Q2: 10,000 shares 10,000$1.31M8.98%0Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 12,000 shares; 2023Q1: 12,000 shares; 2023Q2: 12,000 shares 12,000$1.29M8.8%0Timeline
TROXTRONOX HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 100,000 shares 100,000$1.27M8.69%newTimeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 50,000 shares 50,000$1.15M7.87%newTimeline
CNXCNX RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: restricted; 2022Q2: not loaded; 2022Q3: not loaded; 2022Q4: 80,000 shares; 2023Q1: 80,000 shares; 2023Q2: 50,000 shares 50,000$886K6.06%-30,000Timeline

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
SPYSTATE STR SPDR S&P 500 ETF T SHSput225,100$99.8M-118,800
EEMISHARES TR MSCI EMG MKT ETFcall285,000$11.3M+160,000
XOPSPDR SERIES TRUST S&P OILGAS EXPput23,500$10.4M-500
IWMISHARES TR SHSput13,300$2.49Mnew
KRESPDR SERIES TRUST ST STR SP REGBNKput44,500$1.82Mnew

Sold out in Q2 2023

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

SecurityShares beforeValue beforeType
EWZISHARES INC197,500$5.41Mput
GMGENERAL MTRS CO87,000$3.19Mcall
PBRPETROLEO BRASILEIRO S A300,000$3.13Mcall
AAALCOA CORP65,000$2.77Mcall
NBRNABORS INDUSTRIES LTD11,000$1.34Mshares

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 0001814554-23-000011 base2023-08-01acceptance time not in the bulk data set