Panning Capital Management, LP
Follow13F filer, CIK 1564220, NEW YORK, NY
Panning Capital Management, LP reported $639,413,000 across 14 holdings for the quarter ended 2015-09-30, in a 13F-HR filed 2015-11-16. Its ten largest share positions make up 100% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-15-041605
- Period
- 2015-09-30
- Reported value
- $639M
- Holdings
- 14
- Top 10 weight
- 100%
- New
- 10
- Sold out
- 8
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| CACCnew | +27,300 | $5.38M |
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 |
|---|---|---|
| AERexited | -973,727 | -$44.6M |
| BYDexited | -2,250,000 | -$33.6M |
| AMAYA INCreduced | -1,050,000 | -$19.2M |
| COLONY CAP INCexited | -356,700 | -$8.08M |
| KINDER MORGAN INC DELexited | -2,064,400 | -$5.57M |
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, Q3 2015
Share positions as resolved from 13F-HR 0001140361-15-041605, largest first. % of portfolio is the value over $88,380,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERS | 1,148,031 | $13.5M | 15.29% | -24,647 | |||
| AMAYA INCAMAYA INC | 500,000 | $9.14M | 10.34% | -1,050,000 | |||
| CACCCREDIT ACCEP CORP MICH | 27,300 | $5.38M | 6.08% | new | Timeline |
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 |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 1,600,000 | $307M | new |
| AMZNAMAZON COM INC COM | put | 200,000 | $102M | new |
| TSLATESLA INC COM | put | 300,000 | $74.5M | new |
| ONEOK PARTNERS LP LTD PARTNONEOK PARTNERS LP LTD PARTN UNIT | put | 500,000 | $14.6M | new |
| CACCCREDIT ACCEP CORP MICH COM | put | 70,000 | $13.8M | new |
| ALLYALLY FINL INC Stock | put | 500,000 | $10.2M | new |
| NAVINAVIENT CORPORATION Stock | put | 900,000 | $10.1M | new |
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTD | call | 300,000 | $9.5M | -1,700,000 |
| LENDINGCLUB CORPLENDINGCLUB CORP COM | put | 500,000 | $6.62M | new |
| TWITTER INCTWITTER INC COM | call | 100,000 | $2.69M | new |
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 | 62,500,000 | $60.4M | 0 |
Sold out in Q3 2015
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| AERAERCAP HOLDINGS NV | 973,727 | $44.6M | shares |
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION | 500,000 | $33.9M | call |
| BYDBOYD GAMING CORP | 2,250,000 | $33.6M | shares |
| AERAERCAP HOLDINGS NV | 200,000 | $9.16M | call |
| COLONY CAP INCCOLONY CAP INC | 356,700 | $8.08M | shares |
| KINDER MORGAN INC DELKINDER MORGAN INC DEL | 2,064,400 | $5.57M | shares |
| GLOBALSTAR INCGLOBALSTAR INC | 2,400,000 | $5.06M | shares |
| NEPTUNE TECHNOLOGIES BIORESONEPTUNE TECHNOLOGIES BIORESO | 250,000 | $323K | shares |
How Q3 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 0001140361-15-041605 | base | 2015-11-16 | acceptance time not in the bulk data set |