Panning Capital Management, LP
Follow13F filer, CIK 1564220, NEW YORK, NY
Panning Capital Management, LP reported $351,938,000 across 5 holdings for the quarter ended 2016-03-31, in a 13F-HR filed 2016-05-16.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-16-065694
- Period
- 2016-03-31
- Reported value
- $352M
- Holdings
- 5
- Top 10 weight
- 100%
- New
- 3
- Sold out
- 5
Largest buys vs the previous quarter
None.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SPDR SERIES TRUST BLOOMBERG…exited | -1,000,000 | -$33.9M |
| BOARDWALK PIPELINE PARTNERSexited | -148,031 | -$1.92M |
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 2016
Share positions as resolved from 13F-HR 0001140361-16-065694, largest first. % of portfolio is the value over $47,454,000, 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 | 1,000,000 | $37K | 0.08% | 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).
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 | 52,500,000 | $47.4M | -8,000,000 |
Sold out in Q1 2016
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| BLACKROCK INCBLACKROCK INC | 200,000 | $68.1M | put |
| SPDR SERIES TRUST BLOOMBERG…SPDR SERIES TRUST BLOOMBERG BR | 1,000,000 | $33.9M | shares |
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE | 300,000 | $8.77M | call |
| WADDELL & REED FINL INCWADDELL & REED FINL INC | 200,000 | $5.73M | put |
| BOARDWALK PIPELINE PARTNERSBOARDWALK PIPELINE PARTNERS | 148,031 | $1.92M | shares |
How Q1 2016 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 0001140361-16-065694 | base | 2016-05-16 | acceptance time not in the bulk data set |