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Disclosery

Panning Capital Management, LP

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13F filer, CIK 1564220, NEW YORK, NY

Panning Capital Management, LP reported $207,526,000 across 13 holdings for the quarter ended 2014-12-31, in a 13F-HR filed 2015-02-17. Its ten largest share positions make up 99.19% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-15-006859

Period
2014-12-31
Reported value
$208M
Holdings
13
Top 10 weight
99.19%
New
10
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
KINDER MORGAN INC DELnew+8,307,253$35.4M
COLONY CAP INCnew+28,500,000$29.6M
EAGLE BULK SHIPPING INC SHS…new+745,650$10.9M
AMERICAN RLTY CAP PPTYS INCnew+10,000,000$9.19M
NVGSadded+412,860$8.69M

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
NEXTERA ENERGY INCexited-1,125,000-$61.4M
EL PASO PIPELINE PARTNERSexited-54,131-$2.17M
EAGLE BULK SHIPPING INCexited-97,260-$89K
BALTIC TRADING LTDreduced-18,100-$45.4K

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 2014

Share positions as resolved from 13F-HR 0001140361-15-006859, largest first. % of portfolio is the value over $192,896,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NVGSNAVIGATOR HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 1,971,774 shares 1,971,774$41.5M21.53%+412,860Timeline
KINDER MORGAN INC DELKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 8,307,253 shares 8,307,253$35.4M18.35%new
GLOBALSTAR INCGLOBALSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 11,512,429 shares 11,512,429$31.7M16.41%+1,012,429
COLONY CAP INCCOLONY CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 28,500,000 shares 28,500,000$29.6M15.32%new
BALTIC TRADING LTDBALTIC TRADING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 7,262,918 shares 7,262,918$18.2M9.45%-18,100
EAGLE BULK SHIPPING INC SHS…EAGLE BULK SHIPPING INC SHS NEW 2…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 745,650 shares 745,650$10.9M5.67%new
AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 10,000,000 shares 10,000,000$9.19M4.77%new
DISH NETWORK CORPORATIONDISH NETWORK CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 100,000 shares 100,000$7.29M3.78%new
WALTER INVESTMENT MANAGEMENTWALTER INVESTMENT MANAGEMENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 5,250,000 shares 5,250,000$4.02M2.09%new
RESOLUTE ENERGY CORPRESOLUTE ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 2,674,322 shares 2,674,322$3.53M1.83%new
MSBMESABI TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 47,922 shares 47,922$828K0.43%newTimeline
EXXI 3 12/18EXXI 3 12/18Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 2,500,000 shares 2,500,000$741K0.38%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
MARKET VECTORS ETF TRMARKET VECTORS ETF TR RUSSIA ETFcall1,000,000$14.6Mnew

Sold out in Q4 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 T1,450,000$286Mput
NEXTERA ENERGY INCNEXTERA ENERGY INC1,125,000$61.4Mshares
EEMISHARES TR1,100,000$45.7Mcall
XLESELECT SECTOR SPDR TR400,000$36.2Mput
KINDER MORGAN INC DELKINDER MORGAN INC DEL6,885,197$25.1Mcall
EL PASO PIPELINE PARTNERSEL PASO PIPELINE PARTNERS54,131$2.17Mshares
EAGLE BULK SHIPPING INCEAGLE BULK SHIPPING INC97,260$89Kshares

How Q4 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 0001140361-15-006859 base2015-02-17acceptance time not in the bulk data set