Panning Capital Management, LP
Follow13F filer, CIK 1564220, NEW YORK, NY
Panning Capital Management, LP reported $175,921,000 across 7 holdings for the quarter ended 2015-12-31, in a 13F-HR filed 2016-02-16.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-16-053058
- Period
- 2015-12-31
- Reported value
- $176M
- Holdings
- 7
- Top 10 weight
- 100%
- New
- 4
- Sold out
- 11
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SPDR SERIES TRUST BLOOMBERG…new | +1,000,000 | $33.9M |
| KINDER MORGAN INC DELnew | +1,000,000 | $60K |
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 |
|---|---|---|
| BOARDWALK PIPELINE PARTNERSreduced | -1,000,000 | -$13M |
| AMAYA INCexited | -500,000 | -$9.14M |
| CACCexited | -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.
Holdings, Q4 2015
Share positions as resolved from 13F-HR 0001140361-16-053058, largest first. % of portfolio is the value over $93,313,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| SPDR SERIES TRUST BLOOMBERG…SPDR SERIES TRUST BLOOMBERG BR | 1,000,000 | $33.9M | 36.34% | new | |||
| BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERS | 148,031 | $1.92M | 2.06% | -1,000,000 | |||
| KINDER MORGAN INC DELKINDER MORGAN INC DEL | 1,000,000 | $60K | 0.06% | 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 |
|---|---|---|---|---|
| BLACKROCK INCBLACKROCK INC COM | put | 200,000 | $68.1M | new |
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTD | call | 300,000 | $8.77M | 0 |
| WADDELL & REED FINL INCWADDELL & REED FINL INC CL A | put | 200,000 | $5.73M | 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 | 60,500,000 | $57.4M | -2,000,000 |
Sold out in Q4 2015
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 1,600,000 | $307M | put |
| AMZNAMAZON COM INC | 200,000 | $102M | put |
| TSLATESLA INC | 300,000 | $74.5M | put |
| ONEOK PARTNERS LP LTD PARTNONEOK PARTNERS LP LTD PARTN | 500,000 | $14.6M | put |
| CACCCREDIT ACCEP CORP MICH | 70,000 | $13.8M | put |
| ALLYALLY FINL INC | 500,000 | $10.2M | put |
| NAVINAVIENT CORPORATION | 900,000 | $10.1M | put |
| AMAYA INCAMAYA INC | 500,000 | $9.14M | shares |
| LENDINGCLUB CORPLENDINGCLUB CORP | 500,000 | $6.62M | put |
| CACCCREDIT ACCEP CORP MICH | 27,300 | $5.38M | shares |
| TWITTER INCTWITTER INC | 100,000 | $2.69M | call |
How Q4 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 0001140361-16-053058 | base | 2016-02-16 | acceptance time not in the bulk data set |