Skip to content
Disclosery

Panning Capital Management, LP

Follow

13F filer, CIK 1564220, NEW YORK, NY

Panning Capital Management, LP reported $345,427,000 across 12 holdings for the quarter ended 2015-06-30, in a 13F-HR filed 2015-08-14. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-15-031857

Period
2015-06-30
Reported value
$345M
Holdings
12
Top 10 weight
100%
New
3
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AERnew+973,727$44.6M
AMAYA INCnew+1,550,000$42.5M
BOARDWALK PIPELINE PARTNERSadded+775,694$11.3M
COLONY CAP INCadded+296,700$6.72M
BYDadded+250,000$3.74M

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
DISH NETWORK CORPORATIONexited-360,000-$25.2M
DXJexited-350,000-$19.3M
KINDER MORGAN INC DELreduced-6,851,147-$18.5M
GLOBALSTAR INCreduced-4,959,842-$10.5M
ARexited-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.

Holdings, Q2 2015

Share positions as resolved from 13F-HR 0001140361-15-031857, largest first. % of portfolio is the value over $220,674,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 973,727 shares 973,727$44.6M20.2%newTimeline
AMAYA INCAMAYA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 1,550,000 shares 1,550,000$42.5M19.24%new
BYDBOYD GAMING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: 2,000,000 shares; 2015Q2: 2,250,000 shares 2,250,000$33.6M15.24%+250,000Timeline
BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: 396,984 shares; 2015Q2: 1,172,678 shares 1,172,678$17M7.72%+775,694
COLONY CAP INCCOLONY CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: 60,000 shares; 2015Q2: 356,700 shares 356,700$8.08M3.66%+296,700
KINDER MORGAN INC DELKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 8,307,253 shares; 2015Q1: 8,915,547 shares; 2015Q2: 2,064,400 shares 2,064,400$5.57M2.53%-6,851,147
GLOBALSTAR INCGLOBALSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: 11,512,429 shares; 2015Q1: 7,359,842 shares; 2015Q2: 2,400,000 shares 2,400,000$5.06M2.29%-4,959,842
NEPTUNE TECHNOLOGIES BIORESONEPTUNE TECHNOLOGIES BIORESOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: restricted; 2014Q2: restricted; 2014Q3: restricted; 2014Q4: not reported; 2015Q1: 250,000 shares; 2015Q2: 250,000 shares 250,000$323K0.15%0

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
BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTDcall2,000,000$81.7M+1,000,000
DISH NETWORK CORPORATIONDISH NETWORK CORPORATION CL Acall500,000$33.9M0
AERAERCAP HOLDINGS NV Stockcall200,000$9.16Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
COLONY CAP INCCOLONY CAP INC NOTE 3.875% 1/1principal62,500,000$63.9M+7,500,000

Sold out in Q2 2015

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

SecurityShares beforeValue beforeType
PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser8,200,000$866Mcall
SPYSTATE STR SPDR S&P 500 ETF T400,000$82.6Mcall
DISH NETWORK CORPORATIONDISH NETWORK CORPORATION360,000$25.2Mshares
DXJWISDOMTREE TR350,000$19.3Mshares
MARKET VECTORS ETF TRMARKET VECTORS ETF TR1,000,000$17Mcall
ARANTERO RESOURCES CORP105,000$3.71Mshares

How Q2 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-15-031857 base2015-08-14acceptance time not in the bulk data set