Pomelo Capital LLC
Follow13F filer, CIK 1565772, NEW YORK, NY
Pomelo Capital LLC reported $2,282,516,000 across 119 holdings for the quarter ended 2017-06-30, in a 13F-HR filed 2017-08-14. Its ten largest share positions make up 58.43% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001565772-17-000004
- Period
- 2017-06-30
- Reported value
- $2.28B
- Holdings
- 119
- Top 10 weight
- 58.43%
- New
- 9
- Sold out
- 12
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| PENNEY J C INCadded | +2,467,835 | $11.5M |
| GNC HLDGS INCadded | +271,927 | $2.29M |
| THCadded | +84,472 | $1.63M |
| CARnew | +50,000 | $1.36M |
| RIGadded | +100,000 | $823K |
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 |
|---|---|---|
| TSLAexited | -16,200 | -$4.51M |
| KBHexited | -132,019 | -$2.62M |
| AALreduced | -30,000 | -$1.51M |
| VALEANT PHARMACEUTICALS INTLreduced | -84,800 | -$1.47M |
| INVENSENSE INCexited | -25,000 | -$316K |
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 2017
Share positions as resolved from 13F-HR 0001565772-17-000004, largest first. % of portfolio is the value over $343,305,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| PENNEY J C INCPENNEY J C INC | 2,617,935 | $12.2M | 3.55% | +2,467,835 | |||
| AALAMERICAN AIRLINES GROUP INC | 65,000 | $3.27M | 0.95% | -30,000 | Timeline | ||
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP | 513,000 | $2.55M | 0.74% | 0 | |||
| GNC HLDGS INCGNC HLDGS INC | 284,827 | $2.4M | 0.7% | +271,927 | |||
| THCTENET HEALTHCARE CORP | 109,472 | $2.12M | 0.62% | +84,472 | Timeline | ||
| WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS | 530,000 | $2.05M | 0.6% | +60,000 | |||
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW | 40,000 | $1.95M | 0.57% | 0 | |||
| RIGTRANSOCEAN LTD | 175,000 | $1.44M | 0.42% | +100,000 | Timeline | ||
| CARAVIS BUDGET GROUP INC | 50,000 | $1.36M | 0.4% | new | Timeline | ||
| GMGENERAL MTRS CO | 34,787 | $1.22M | 0.35% | 0 | Timeline | ||
| FCXFREEPORT MCMORAN INC | 100,000 | $1.2M | 0.35% | 0 | Timeline | ||
| NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC | 50,000 | $871K | 0.25% | 0 | |||
| HERTZ GLOBAL HLDGS INCHERTZ GLOBAL HLDGS INC | 70,000 | $805K | 0.23% | new | |||
| WHITING PETE CORP NEWWHITING PETE CORP NEW | 143,000 | $788K | 0.23% | +130,000 | |||
| CYHCOMMUNITY HEALTH SYS INC NEW | 74,572 | $743K | 0.22% | new | Timeline | ||
| SANOFISANOFI | 1,510,000 | $574K | 0.17% | +110,000 | |||
| SEADRILL ORDSEADRILL ORD | 1,344,000 | $485K | 0.14% | +478,700 | |||
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL | 25,000 | $433K | 0.13% | -84,800 | |||
| TOLTOLL BROTHERS INC | 10,000 | $395K | 0.12% | 0 | Timeline | ||
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC | 43,500 | $301K | 0.09% | 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 |
|---|---|---|---|---|
| TSLATESLA INC COM | put | 917,401 | $332M | +96,220 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 3,844,400 | $193M | 0 |
| NAVISTAR INTERNATIONALNAVISTAR INTERNATIONAL COMMON STOCK | put | 5,120,200 | $134M | +295,600 |
| RHRH COM | put | 1,735,900 | $112M | new |
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW Stock | put | 1,753,200 | $85.4M | 0 |
| UALUNITED AIRLS HLDGS INC Stock | put | 1,021,000 | $76.8M | 0 |
| IAC INTERACTIVECORPIAC INTERACTIVECORP COM | put | 743,500 | $76.8M | 0 |
| HLFHERBALIFE LTD COM SHS | put | 1,026,400 | $73.2M | +42,000 |
| FCXFREEPORT MCMORAN INC Stock | put | 4,985,400 | $59.9M | 0 |
| WEIGHT WATCHERS INTL INCWEIGHT WATCHERS INTL INC COM | put | 1,318,900 | $44.1M | +1,111,800 |
| NBISNEBIUS GROUP N.V. SHS CLASS A | put | 1,567,200 | $41.1M | 0 |
| ALLYALLY FINL INC Stock | put | 1,945,400 | $40.7M | 0 |
| GMGENERAL MTRS CO Stock | put | 940,500 | $32.9M | 0 |
| CXCEMEX SAB DE CV ADR | put | 3,355,128 | $31.6M | +10,640 |
| AERAERCAP HOLDINGS NV Stock | put | 667,800 | $31M | 0 |
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC COM | put | 4,449,900 | $30.7M | +223,000 |
| METAMETA PLATFORMS INC COM | put | 203,600 | $30.7M | 0 |
| PSECPROSPECT CAP CORP COM | put | 3,745,500 | $30.4M | +122,300 |
| VEREIT INCVEREIT INC COM | put | 3,557,500 | $29M | 0 |
| NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC COM | put | 1,592,400 | $27.7M | 0 |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | put | 1,184,100 | $26.2M | 0 |
| PENNEY J C INCPENNEY J C INC COM | put | 4,966,700 | $23.1M | +17,700 |
| BKDBROOKDALE SR LIVING INC COM | put | 1,528,700 | $22.5M | +16,000 |
| Mallinckrodt PlcMallinckrodt Plc SHS | put | 471,400 | $21.1M | +224,300 |
| ADBEADOBE INC COM | put | 147,500 | $20.9M | 0 |
| CENTURYLINK INCCENTURYLINK INC COM | put | 836,600 | $20M | +5,400 |
| RIGTRANSOCEAN LTD Stock | put | 2,170,700 | $17.9M | 0 |
| KBHKB HOME COM | put | 723,900 | $17.4M | 0 |
| GNC HLDGS INCGNC HLDGS INC COM CL A | put | 2,051,400 | $17.3M | +703,900 |
| NAVINAVIENT CORPORATION Stock | put | 1,021,000 | $17M | 0 |
| AMZNAMAZON COM INC COM | put | 17,500 | $16.9M | 0 |
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES COMMON STOCK | put | 2,316,600 | $16M | 0 |
| CSIQCANADIAN SOLAR INC COM | put | 797,700 | $12.7M | +158,700 |
| MTHMERITAGE HOMES CORP Stock | put | 300,000 | $12.7M | 0 |
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL COM | put | 663,100 | $11.5M | 0 |
| ARCELORMITTAL FUNSPONSORED …ARCELORMITTAL FUNSPONSORED ADR 1 … COM | put | 478,005 | $10.9M | -970,495 |
| GMEGAMESTOP CORP CL A | put | 426,400 | $9.21M | +6,000 |
| ADSKAUTODESK INC Stock | put | 90,000 | $9.07M | 0 |
| THCTENET HEALTHCARE CORP Stock | put | 463,800 | $8.97M | +5,000 |
| ULTAULTA BEAUTY INC Stock | put | 29,700 | $8.53M | 0 |
| STZCONSTELLATION BRANDS INC Stock | put | 43,300 | $8.39M | 0 |
| YPFYPF SOCIEDAD ANONIMA SPON ADR CL D | put | 335,500 | $7.35M | 0 |
| DCHDAUCH CORP COM | put | 449,700 | $7.01M | 0 |
| HLFHERBALIFE LTD COM SHS | call | 90,400 | $6.45M | new |
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP COM | put | 1,270,400 | $6.31M | -239,300 |
| NKENIKE INC COM | put | 100,000 | $5.9M | 0 |
| TWITTER INCTWITTER INC COM | put | 330,000 | $5.9M | 0 |
| PANWPALO ALTO NETWORKS INC COM | put | 42,500 | $5.69M | 0 |
| PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO COM | put | 30,000 | $4.79M | 0 |
| CRMSALESFORCE INC COM | put | 54,400 | $4.71M | 0 |
| WDAYWORKDAY INC Stock | put | 46,600 | $4.52M | 0 |
| DALDELTA AIR LINES INC Stock | put | 81,100 | $4.36M | 0 |
| NATIONSTAR MORTGAGE HOLDINGSNATIONSTAR MORTGAGE HOLDINGS COMMON STOCK | put | 235,000 | $4.2M | +14,000 |
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL COM | call | 220,000 | $3.81M | -20,000 |
| VALEVALE S A SPONSORED ADS | call | 426,000 | $3.73M | -74,000 |
| RIGTRANSOCEAN LTD Stock | call | 400,000 | $3.29M | 0 |
| CATCATERPILLAR INC COM | put | 26,700 | $2.87M | 0 |
| LNWOLIGHT & WONDER, INC. COMMON ST Stock | put | 100,000 | $2.61M | 0 |
| PBRPETROLEO BRASILEIRO S A SPONSORED ADR | put | 304,100 | $2.43M | 0 |
| AVON PRODS INCAVON PRODS INC COM | call | 486,600 | $1.85M | -33,400 |
| LENLENNAR CORP Stock | put | 31,600 | $1.69M | 0 |
| NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD SHS | call | 200,000 | $1.63M | 0 |
| JKSJINKOSOLAR HLDG CO LTD SPONSORED ADR | put | 46,000 | $957K | 0 |
| NAVISTAR INTERNATIONALNAVISTAR INTERNATIONAL COMMON STOCK | call | 33,400 | $876K | new |
| GNC HLDGS INCGNC HLDGS INC COM CL A | call | 93,800 | $791K | -56,300 |
| KRKROGER CO Stock | put | 30,000 | $700K | 0 |
| TECKTECK RESOURCES LTD Stock | call | 37,500 | $650K | 0 |
| FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP COM | call | 36,000 | $626K | -264,000 |
| SEADRILL ORDSEADRILL ORD COM | put | 1,344,000 | $485K | -732,000 |
| OCWEN FINL CORPOCWEN FINL CORP COM NEW | put | 148,000 | $398K | 0 |
| WHITING PETE CORP NEWWHITING PETE CORP NEW COM | put | 72,000 | $397K | 0 |
| JBLJABIL INC Stock | put | 10,600 | $309K | 0 |
| YPFYPF SOCIEDAD ANONIMA SPON ADR CL D | call | 10,000 | $219K | 0 |
| CYHCOMMUNITY HEALTH SYS INC NEW COMMON STOCK | put | 10,000 | $100K | 0 |
| WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS Stock | put | 10,000 | $39K | 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 |
|---|---|---|---|---|
| HERBALIFE LTDHERBALIFE LTD NOTE 2.000% 8/1 | principal | 37,500,000 | $39.1M | +5,976,000 |
| TESLA INCTESLA INC NOTE 0.250 3/0 | principal | 26,500,000 | $30.3M | -2,000,000 |
| ICON 1.5 3/18ICON 1.5 3/18 Bond 30/360P2 U | principal | 23,818,000 | $23.2M | +5,389,000 |
| NAVISTAR INTL CORP NEWNAVISTAR INTL CORP NEW NOTE 4.500%10/1 | principal | 17,475,000 | $17.5M | -4,000,000 |
| MERITAGE HOMES CORPMERITAGE HOMES CORP NOTE | principal | 16,529,000 | $16.8M | new |
| SOLARCITY CORPSOLARCITY CORP NOTE 2.750%11/0 | principal | 15,829,000 | $15.8M | new |
| BROOKDALE SENIOR LIVINGBROOKDALE SENIOR LIVING NOTE | principal | 15,591,000 | $15.5M | +2,166,000 |
| RYLAND GROUP 0.250RYLAND GROUP 0.250 NOTE 0.250% 6/0 | principal | 15,000,000 | $14.3M | 0 |
| YANDEX N.V.YANDEX N.V. 1.125% CNV BDS 15/12/18 USD | principal | 14,500,000 | $14.1M | 0 |
| ARVINMERITOR INCARVINMERITOR INC CORPORATE OBLIG | principal | 13,320,000 | $13.9M | 0 |
| NAVISTAR INTL CORP NEWNAVISTAR INTL CORP NEW NOTE 4.750 4/1 | principal | 14,000,000 | $13.7M | +11,000,000 |
| CEMEX SAB DE CVCEMEX SAB DE CV NOTE 3.750% 3/1 | principal | 11,000,000 | $13.2M | +1,000,000 |
| AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 | principal | 10,314,000 | $10.4M | -14,500,000 |
| GNC HoldingsGNC Holdings CONV BOND | principal | 13,351,000 | $8.95M | +4,532,000 |
| TWITTER INCTWITTER INC NOTE 0.250% 9/1 | principal | 9,000,000 | $8.54M | +1,500,000 |
| WEB COM GROUP INCWEB COM GROUP INC NOTE 1.000% 8/1 | principal | 8,250,000 | $8.31M | 0 |
| CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 4.250% 2/1 | principal | 7,660,000 | $7.53M | +2,815,000 |
| PROSPECT CAPITAL CORPORATIONPROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 | principal | 6,865,000 | $7.12M | +2,039,000 |
| BROADSOFT INCBROADSOFT INC NOTE 1.500% 7/0 | principal | 6,000,000 | $7.03M | +864,000 |
| INVN 1.75 11/18INVN 1.75 11/18 Bond 30/360P2 U | principal | 7,000,000 | $7.03M | 0 |
| PROSPECT CAPITAL CORPORATIO…PROSPECT CAPITAL CORPORATION 5.75… Convertible | principal | 6,438,000 | $6.63M | -424,000 |
| SYNCHRONOSS TECHNOLOGIES INCSYNCHRONOSS TECHNOLOGIES INC NOTE 0.750 8/1 | principal | 3,500,000 | $3.26M | -1,636,000 |
| DHT HOLDINGS INCDHT HOLDINGS INC DEBT 4.50010/0 | principal | 2,500,000 | $2.47M | +360,000 |
| AK STL CORPAK STL CORP NOTE 5.000%11/1 | principal | 1,000,000 | $1.48M | 0 |
Sold out in Q2 2017
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| RESTORATION HARDWARE HLDGS IRESTORATION HARDWARE HLDGS I | 1,384,700 | $64.1M | put |
| INVENSENSE INCINVENSENSE INC | 1,394,700 | $17.6M | put |
| NUANCE COMMUNICATIONSNUANCE COMMUNICATIONS | 12,529,000 | $12.6M | principal |
| YY INCYY INC | 9,500,000 | $9.49M | principal |
| PRICELINE.COM INC 1.000PRICELINE.COM INC 1.000 | 5,000,000 | $9.44M | principal |
| PROSPECT CAPITAL CORPORATIONPROSPECT CAPITAL CORPORATION | 8,259,000 | $8.39M | principal |
| YY INC. ADRYY INC. ADR | 152,000 | $7.01M | put |
| TSLATESLA INC | 16,200 | $4.51M | shares |
| KBHKB HOME | 132,019 | $2.62M | shares |
| PENNEY J C INCPENNEY J C INC | 375,000 | $2.31M | call |
| SEADRILL ORDSEADRILL ORD | 567,300 | $936K | call |
| INVENSENSE INCINVENSENSE INC | 25,000 | $316K | shares |
How Q2 2017 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 0001565772-17-000004 | base | 2017-08-14 | acceptance time not in the bulk data set |