Panning Capital Management, LP
Follow13F filer, CIK 1564220, NEW YORK, NY
Panning Capital Management, LP reported $1,245,259,000 across 15 holdings for the quarter ended 2015-03-31, in a 13F-HR filed 2015-05-15. Its ten largest share positions make up 100% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-15-019914
- Period
- 2015-03-31
- Reported value
- $1.25B
- Holdings
- 15
- Top 10 weight
- 100%
- New
- 11
- Sold out
- 9
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BYDnew | +2,000,000 | $28.4M |
| DXJnew | +350,000 | $19.3M |
| DISH NETWORK CORPORATIONadded | +260,000 | $18.2M |
| BOARDWALK PIPELINE PARTNERSnew | +396,984 | $6.39M |
| ARnew | +105,000 | $3.71M |
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 |
|---|---|---|
| NVGSexited | -1,971,774 | -$41.5M |
| COLONY CAP INCexited | -28,500,000 | -$29.6M |
| BALTIC TRADING LTDexited | -7,262,918 | -$18.2M |
| GLOBALSTAR INCreduced | -4,152,587 | -$13.8M |
| EAGLE BULK SHIPPING INC SHS…exited | -745,650 | -$10.9M |
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.
Holdings, Q1 2015
Share positions as resolved from 13F-HR 0001140361-15-019914, largest first. % of portfolio is the value over $205,817,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| KINDER MORGAN INC DELKINDER MORGAN INC DEL | 8,915,547 | $36.6M | 17.76% | +608,294 | |||
| BYDBOYD GAMING CORP | 2,000,000 | $28.4M | 13.8% | new | Timeline | ||
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION | 360,000 | $25.2M | 12.25% | +260,000 | |||
| GLOBALSTAR INCGLOBALSTAR INC | 7,359,842 | $24.5M | 11.91% | -4,152,587 | |||
| DXJWISDOMTREE TR | 350,000 | $19.3M | 9.37% | new | Timeline | ||
| BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERS | 396,984 | $6.39M | 3.11% | new | |||
| ARANTERO RESOURCES CORP | 105,000 | $3.71M | 1.8% | new | Timeline | ||
| COLONY CAP INCCOLONY CAP INC | 60,000 | $1.55M | 0.76% | new | |||
| NEPTUNE TECHNOLOGIES BIORESONEPTUNE TECHNOLOGIES BIORESO | 250,000 | $405K | 0.2% | 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 |
|---|---|---|---|---|
| PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser COM | call | 8,200,000 | $866M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 400,000 | $82.6M | new |
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTD | call | 1,000,000 | $38.9M | new |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION CL A | call | 500,000 | $35M | new |
| MARKET VECTORS ETF TRMARKET VECTORS ETF TR RUSSIA ETF | call | 1,000,000 | $17M | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| COLONY CAP INCCOLONY CAP INC NOTE 3.875% 1/1 | principal | 55,000,000 | $59.8M | new |
Sold out in Q1 2015
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| NVGSNAVIGATOR HLDGS LTD | 1,971,774 | $41.5M | shares |
| COLONY CAP INCCOLONY CAP INC | 28,500,000 | $29.6M | shares |
| BALTIC TRADING LTDBALTIC TRADING LTD | 7,262,918 | $18.2M | shares |
| EAGLE BULK SHIPPING INC SHS…EAGLE BULK SHIPPING INC SHS NEW 2… | 745,650 | $10.9M | shares |
| AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INC | 10,000,000 | $9.19M | shares |
| WALTER INVESTMENT MANAGEMENTWALTER INVESTMENT MANAGEMENT | 5,250,000 | $4.02M | shares |
| RESOLUTE ENERGY CORPRESOLUTE ENERGY CORP | 2,674,322 | $3.53M | shares |
| MSBMESABI TR | 47,922 | $828K | shares |
| EXXI 3 12/18EXXI 3 12/18 | 2,500,000 | $741K | shares |
How Q1 2015 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 0001140361-15-019914 | base | 2015-05-15 | acceptance time not in the bulk data set |