Pomelo Capital LLC
Follow13F filer, CIK 1565772, NEW YORK, NY
Pomelo Capital LLC reported $3,004,227,000 across 137 holdings for the quarter ended 2017-09-30, in a 13F-HR/A filed 2017-11-14. Its ten largest share positions make up 60.79% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001565772-17-000006
- Period
- 2017-09-30
- Reported value
- $3B
- Holdings
- 137
- Top 10 weight
- 60.79%
- New
- 30
- Sold out
- 12
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| GMEnew | +106,286 | $2.2M |
| PENNEY J C INCadded | +305,000 | $1.16M |
| CHESEPEAKE ENERGY CORPadded | +247,500 | $1.06M |
| ICONIX BRAND GROUP INCadded | +74,857 | $426K |
| THCadded | +24,000 | $394K |
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 |
|---|---|---|
| GMreduced | -25,000 | -$1.01M |
| NUANCE COMMUNICATIONS INCexited | -50,000 | -$871K |
| HERTZ GLOBAL HLDGS INCexited | -70,000 | -$805K |
| SEADRILL ORDexited | -1,344,000 | -$485K |
| VALEANT PHARMACEUTICALS INTLexited | -25,000 | -$433K |
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 2017
Share positions as resolved from 13F-HR/A 0001565772-17-000006, largest first. % of portfolio is the value over $305,875,000, 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 | 2,922,935 | $11.1M | 3.64% | +305,000 | |||
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP | 760,500 | $3.27M | 1.07% | +247,500 | |||
| AALAMERICAN AIRLINES GROUP INC | 65,000 | $3.09M | 1.01% | 0 | Timeline | ||
| GNC HLDGS INCGNC HLDGS INC | 326,698 | $2.89M | 0.94% | +41,871 | |||
| WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS | 590,000 | $2.7M | 0.88% | +60,000 | |||
| GMEGAMESTOP CORP | 106,286 | $2.2M | 0.72% | new | Timeline | ||
| THCTENET HEALTHCARE CORP | 133,472 | $2.19M | 0.72% | +24,000 | Timeline | ||
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW | 40,000 | $1.96M | 0.64% | 0 | |||
| CARAVIS BUDGET GROUP INC | 50,000 | $1.9M | 0.62% | 0 | Timeline | ||
| RIGTRANSOCEAN LTD | 175,000 | $1.88M | 0.62% | 0 | Timeline | ||
| FCXFREEPORT MCMORAN INC | 100,000 | $1.4M | 0.46% | 0 | Timeline | ||
| WHITING PETE CORP NEWWHITING PETE CORP NEW | 143,000 | $781K | 0.26% | 0 | |||
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC | 118,357 | $673K | 0.22% | +74,857 | |||
| CYHCOMMUNITY HEALTH SYS INC NEW | 74,572 | $573K | 0.19% | 0 | Timeline | ||
| SANOFISANOFI | 1,510,000 | $544K | 0.18% | 0 | |||
| TOLTOLL BROTHERS INC | 10,000 | $415K | 0.14% | 0 | Timeline | ||
| GMGENERAL MTRS CO | 9,787 | $395K | 0.13% | -25,000 | Timeline | ||
| Mallinckrodt PlcMallinckrodt Plc | 8,000 | $299K | 0.1% | 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 | 865,801 | $295M | -51,600 |
| NAVISTAR INTERNATIONALNAVISTAR INTERNATIONAL COMMON STOCK | put | 5,251,200 | $231M | +131,000 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 3,844,400 | $183M | 0 |
| RHRH COM | put | 1,773,800 | $125M | +37,900 |
| IAC INTERACTIVECORPIAC INTERACTIVECORP COM | put | 743,500 | $87.4M | 0 |
| CIT GROUP INC COM NEWCIT GROUP INC COM NEW Stock | put | 1,753,200 | $86M | 0 |
| HLFHERBALIFE LTD COM SHS | put | 1,141,800 | $77.4M | +115,400 |
| FCXFREEPORT MCMORAN INC Stock | put | 4,985,400 | $70M | 0 |
| UALUNITED AIRLS HLDGS INC Stock | put | 1,021,000 | $62.2M | 0 |
| WEIGHT WATCHERS INTL INCWEIGHT WATCHERS INTL INC COM | put | 1,344,100 | $58.5M | +25,200 |
| NBISNEBIUS GROUP N.V. SHS CLASS A | put | 1,567,200 | $51.6M | 0 |
| ALLYALLY FINL INC Stock | put | 1,945,400 | $47.2M | 0 |
| TXTTEXTRON INC Stock | put | 800,000 | $43.1M | new |
| EXPEEXPEDIA GROUP INC Stock | put | 288,500 | $41.5M | new |
| AAPLAPPLE INC COM | put | 263,500 | $40.6M | new |
| DUKDUKE ENERGY CORP NEW COM | put | 468,000 | $39.3M | new |
| ELLAUDER ESTEE COS INC Stock | put | 356,200 | $38.4M | new |
| GMGENERAL MTRS CO Stock | put | 940,500 | $38M | 0 |
| BABAALIBABA GROUP HLDG LTD SPONSORED ADS | put | 213,000 | $36.8M | new |
| NVDANVIDIA CORPORATION COM | put | 196,500 | $35.1M | new |
| METAMETA PLATFORMS INC COM | put | 203,600 | $34.8M | 0 |
| CVXCHEVRON CORPORATION COM | put | 295,000 | $34.7M | new |
| GENERAL ELEC COGENERAL ELEC CO COM | put | 1,420,000 | $34.3M | new |
| AERAERCAP HOLDINGS NV Stock | put | 667,800 | $34.1M | 0 |
| VVISA INC COM | put | 323,300 | $34M | new |
| EBAYEBAY INC. Stock | put | 881,200 | $33.9M | new |
| PRICELINE GRP INCPRICELINE GRP INC COM NEW | put | 18,000 | $33M | new |
| HLTHILTON WORLDWIDE HLDGS INC Stock | put | 465,000 | $32.3M | new |
| CTRIP COM INTL LTDCTRIP COM INTL LTD AMERICAN DEP SHS | put | 605,900 | $32M | new |
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTD | put | 950,000 | $31.7M | new |
| LUVSOUTHWEST AIRLS CO STOK | put | 562,000 | $31.5M | new |
| CXCEMEX SAB DE CV ADR | put | 3,355,128 | $30.5M | 0 |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | put | 1,184,100 | $30.4M | 0 |
| VEREIT INCVEREIT INC COM | put | 3,557,500 | $29.5M | 0 |
| SLBSLB LIMITED COM | put | 392,200 | $27.4M | new |
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC COM | put | 4,452,900 | $25.3M | +3,000 |
| PSECPROSPECT CAP CORP COM | put | 3,745,500 | $25.2M | 0 |
| NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC COM | put | 1,592,400 | $25M | 0 |
| Mallinckrodt PlcMallinckrodt Plc SHS | put | 626,400 | $23.4M | +155,000 |
| RIGTRANSOCEAN LTD Stock | put | 2,170,700 | $23.4M | 0 |
| ADBEADOBE INC COM | put | 147,500 | $22M | 0 |
| CSIQCANADIAN SOLAR INC COM | put | 1,254,900 | $21.1M | +457,200 |
| PENNEY J C INCPENNEY J C INC COM | put | 4,958,000 | $18.9M | -8,700 |
| GNC HLDGS INCGNC HLDGS INC COM CL A | put | 2,125,000 | $18.8M | +73,600 |
| VRTXVERTEX PHARMACEUTICALS INC COM | put | 121,700 | $18.5M | new |
| ICEINTERCONTINENTAL EXCHANGE IN COM | put | 268,700 | $18.5M | new |
| CSXCSX CORP COM | put | 332,300 | $18M | new |
| KBHKB HOME COM | put | 723,900 | $17.5M | 0 |
| AMZNAMAZON COM INC COM | put | 17,500 | $16.8M | 0 |
| CLFCLEVELAND-CLIFFS INC NEW Stock | put | 2,316,600 | $16.6M | new |
| BKDBROOKDALE SR LIVING INC COM | put | 1,528,700 | $16.2M | 0 |
| CENTURYLINK INCCENTURYLINK INC COM | put | 836,600 | $15.8M | 0 |
| NAVINAVIENT CORPORATION Stock | put | 1,021,000 | $15.3M | 0 |
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL COM | put | 1,047,100 | $15M | +384,000 |
| MTARCELORMITTAL SA LUXEMBOURG ADR | put | 478,005 | $12.3M | new |
| ADSKAUTODESK INC Stock | put | 90,000 | $10.1M | 0 |
| GMEGAMESTOP CORP CL A | put | 426,400 | $8.81M | 0 |
| STZCONSTELLATION BRANDS INC Stock | put | 43,300 | $8.64M | 0 |
| DCHDAUCH CORP COM | put | 451,700 | $7.94M | +2,000 |
| THCTENET HEALTHCARE CORP Stock | put | 463,800 | $7.62M | 0 |
| YPFYPF SOCIEDAD ANONIMA SPON ADR CL D | put | 335,500 | $7.47M | 0 |
| ULTAULTA BEAUTY INC Stock | put | 29,700 | $6.71M | 0 |
| PANWPALO ALTO NETWORKS INC COM | put | 42,500 | $6.12M | 0 |
| TWITTER INCTWITTER INC COM | put | 330,000 | $5.57M | 0 |
| CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP COM | put | 1,257,400 | $5.41M | -13,000 |
| NKENIKE INC COM | put | 100,000 | $5.18M | 0 |
| CRMSALESFORCE INC COM | put | 54,400 | $5.08M | 0 |
| VALEVALE S A SPONSORED ADS | call | 500,000 | $5.04M | +74,000 |
| WDAYWORKDAY INC Stock | put | 46,600 | $4.91M | 0 |
| LNWOLIGHT & WONDER, INC. COMMON ST Stock | put | 100,000 | $4.58M | 0 |
| PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO COM | put | 30,000 | $4.43M | 0 |
| NATIONSTAR MORTGAGE HOLDINGSNATIONSTAR MORTGAGE HOLDINGS COMMON STOCK | put | 235,000 | $4.36M | 0 |
| RIGTRANSOCEAN LTD Stock | call | 400,000 | $4.3M | 0 |
| DALDELTA AIR LINES INC Stock | put | 81,100 | $3.91M | 0 |
| CATCATERPILLAR INC COM | put | 26,700 | $3.33M | 0 |
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL COM | call | 220,000 | $3.15M | 0 |
| PBRPETROLEO BRASILEIRO S A SPONSORED ADR | put | 304,100 | $3.05M | 0 |
| PENNEY J C INCPENNEY J C INC COM | call | 725,000 | $2.76M | new |
| FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP COM NEW | call | 186,000 | $2.19M | new |
| LENLENNAR CORP Stock | put | 31,600 | $1.67M | 0 |
| NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD SHS | call | 200,000 | $1.61M | 0 |
| GNC HLDGS INCGNC HLDGS INC COM CL A | call | 141,700 | $1.25M | +47,900 |
| AVON PRODS INCAVON PRODS INC COM | call | 520,000 | $1.21M | +33,400 |
| HERTZ GLOBAL HLDGS INCHERTZ GLOBAL HLDGS INC COM | call | 54,000 | $1.21M | new |
| JKSJINKOSOLAR HLDG CO LTD SPONSORED ADR | put | 46,000 | $1.15M | 0 |
| TECKTECK RESOURCES LTD Stock | call | 37,500 | $791K | 0 |
| HRIHERC HLDGS INC Stock | call | 16,000 | $786K | new |
| RITEAID CORPRITEAID CORP COM | call | 400,000 | $784K | new |
| KRKROGER CO Stock | put | 30,000 | $602K | 0 |
| OCWEN FINL CORPOCWEN FINL CORP COM NEW | put | 148,000 | $509K | 0 |
| WHITING PETE CORP NEWWHITING PETE CORP NEW COM | put | 18,000 | $393K | -54,000 |
| JBLJABIL INC Stock | put | 10,600 | $303K | 0 |
| YPFYPF SOCIEDAD ANONIMA SPON ADR CL D | call | 10,000 | $223K | 0 |
| SEADRILL ORDSEADRILL ORD COM | call | 591,100 | $207K | new |
| CYHCOMMUNITY HEALTH SYS INC NEW COMMON STOCK | put | 10,000 | $77K | 0 |
| SEADRILL ORDSEADRILL ORD COM | put | 152,600 | $53K | -1,191,400 |
| WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS Stock | put | 10,000 | $46K | 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 | $37.6M | 0 |
| NAVISTAR INTL CORP NEWNAVISTAR INTL CORP NEW NOTE 4.750 4/1 | principal | 24,000,000 | $26.4M | +10,000,000 |
| ICON 1.5 3/18ICON 1.5 3/18 Bond 30/360P2 U | principal | 23,818,000 | $23.7M | 0 |
| SOLARCITY CORPSOLARCITY CORP NOTE 2.750%11/0 | principal | 15,829,000 | $15.8M | 0 |
| BROOKDALE SENIOR LIVINGBROOKDALE SENIOR LIVING NOTE | principal | 15,591,000 | $15.6M | 0 |
| YANDEX N.V.YANDEX N.V. 1.125% CNV BDS 15/12/18 USD | principal | 14,500,000 | $14.5M | 0 |
| RYLAND GROUP 0.250RYLAND GROUP 0.250 NOTE 0.250% 6/0 | principal | 15,000,000 | $14.4M | 0 |
| CANADIAN SOLAR INCCANADIAN SOLAR INC NOTE 4.250% 2/1 | principal | 13,660,000 | $13.3M | +6,000,000 |
| CEMEX SAB DE CVCEMEX SAB DE CV NOTE 3.750% 3/1 | principal | 11,000,000 | $12.6M | 0 |
| NAVISTAR INTL CORP NEWNAVISTAR INTL CORP NEW NOTE 4.500%10/1 | principal | 11,475,000 | $12M | -6,000,000 |
| TESLA INCTESLA INC NOTE 0.250 3/0 | principal | 10,000,000 | $11M | -16,500,000 |
| AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INC NOTE 3.000% 8/0 | principal | 10,314,000 | $10.4M | 0 |
| GNC HoldingsGNC Holdings CONV BOND | principal | 13,351,000 | $9.97M | 0 |
| PROSPECT CAPITAL CORPORATIONPROSPECT CAPITAL CORPORATION NOTE 5.875% 1/1 | principal | 9,135,000 | $9.46M | +2,270,000 |
| TWITTER INCTWITTER INC NOTE 0.250% 9/1 | principal | 9,000,000 | $8.55M | 0 |
| WEB COM GROUP INCWEB COM GROUP INC NOTE 1.000% 8/1 | principal | 8,250,000 | $8.24M | 0 |
| BROADSOFT INCBROADSOFT INC NOTE 1.500% 7/0 | principal | 6,000,000 | $7.66M | 0 |
| PROSPECT CAPITAL CORPORATIO…PROSPECT CAPITAL CORPORATION 5.75… Convertible | principal | 6,438,000 | $6.56M | 0 |
| ARVINMERITOR INCARVINMERITOR INC CORPORATE OBLIG | principal | 4,500,000 | $5.28M | -8,820,000 |
| DHT HOLDINGS INCDHT HOLDINGS INC DEBT 4.50010/0 | principal | 2,500,000 | $2.48M | 0 |
| AK STL CORPAK STL CORP NOTE 5.000%11/1 | principal | 1,000,000 | $1.35M | 0 |
| SYNCHRONOSS TECHNOLOGIES INCSYNCHRONOSS TECHNOLOGIES INC NOTE 0.750 8/1 | principal | 800,000 | $685K | -2,700,000 |
Sold out in Q3 2017
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| MERITAGE HOMES CORPMERITAGE HOMES CORP | 16,529,000 | $16.8M | principal |
| CLIFFS NATURAL RESOURCESCLIFFS NATURAL RESOURCES | 2,316,600 | $16M | put |
| MTHMERITAGE HOMES CORP | 300,000 | $12.7M | put |
| ARCELORMITTAL FUNSPONSORED …ARCELORMITTAL FUNSPONSORED ADR 1 … | 478,005 | $10.9M | put |
| INVN 1.75 11/18INVN 1.75 11/18 | 7,000,000 | $7.03M | principal |
| HLFHERBALIFE LTD | 90,400 | $6.45M | call |
| NAVISTAR INTERNATIONALNAVISTAR INTERNATIONAL | 33,400 | $876K | call |
| NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC | 50,000 | $871K | shares |
| HERTZ GLOBAL HLDGS INCHERTZ GLOBAL HLDGS INC | 70,000 | $805K | shares |
| FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP | 36,000 | $626K | call |
| SEADRILL ORDSEADRILL ORD | 1,344,000 | $485K | shares |
| VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL | 25,000 | $433K | shares |
How Q3 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 0001565772-17-000005 | superseded | 2017-11-14 | acceptance time not in the bulk data set | ||
| 13F-HR/A 0001565772-17-000006 | base | restatement | 2017-11-14 | acceptance time not in the bulk data set |