Sage Capital Management, LLC
Follow13F filer, CIK 1324360, Sarasota, FL
Sage Capital Management, LLC reported $83,362,000 across 32 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-06. Its ten largest share positions make up 49.58% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001606587-14-000042
- Period
- 2014-03-31
- Reported value
- $83.4M
- Holdings
- 32
- Top 10 weight
- 49.58%
- New
- 30
- Sold out
- 35
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TBFadded | +20,000 | $607K |
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 |
|---|---|---|
| UNITED THERAPEUTICS CORP DELexited | -2,100,000 | -$4.99M |
| VIROPHARMA INCexited | -1,800,000 | -$4.81M |
| ENPRO INDS INCexited | -2,625,000 | -$4.65M |
| OMNICARE INCexited | -2,000,000 | -$4.62M |
| SALIX PHARMACEUTICAL 1.500exited | -3,000,000 | -$4.49M |
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 2014
Share positions as resolved from 13F-HR 0001606587-14-000042, largest first. % of portfolio is the value over $83,362,000, the sum of the share positions whose value is usable for ratios (method).
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 |
|---|---|---|---|---|
| SANDISK CORPSANDISK CORP CORPORATE OBLIG | principal | 2,800,000 | $4.6M | new |
| OMNICARE INCOMNICARE INC NOTE 3.750%12/1 | principal | 2,000,000 | $4.56M | new |
| TELEFLEX INCTELEFLEX INC NOTE 3.875% 8/0 | principal | 2,450,000 | $4.36M | new |
| JARDEN CORPJARDEN CORP NOTE 1.87 | principal | 3,000,000 | $4.17M | new |
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC NOTE | principal | 3,050,000 | $4.14M | new |
| ECPG 3 11/27/17ECPG 3 11/27/17 Bond 30/360P2 U | principal | 2,650,000 | $4.1M | new |
| WRIGHT MED GROUP INCWRIGHT MED GROUP INC NOTE 2.000% 8/1 | principal | 3,000,000 | $4.04M | new |
| FIDELITY NATIONAL FINANCIALFIDELITY NATIONAL FINANCIAL NOTE 4.250% 8/1 | principal | 2,500,000 | $3.95M | new |
| CUBIST PHARMACEUTICALS INCCUBIST PHARMACEUTICALS INC NOTE | principal | 1,400,000 | $3.59M | new |
| CEMEX SAB DE CVCEMEX SAB DE CV NOTE 3.750% 3/1 | principal | 2,500,000 | $3.58M | new |
| RADIAN GROUP INCRADIAN GROUP INC NOTE 2.250% 3/0 | principal | 1,950,000 | $2.99M | new |
| SEACOR HOLDINGS INCSEACOR HOLDINGS INC NOTE 2.500%12/1 | principal | 2,500,000 | $2.98M | new |
| ASCENT CAP GROUP INCASCENT CAP GROUP INC NOTE 4.000 7/1 | principal | 2,750,000 | $2.77M | new |
| DEALERTRACK TECHNOLOGIES INCDEALERTRACK TECHNOLOGIES INC NOTE 1.500% 3/1 | principal | 1,700,000 | $2.43M | new |
| WALTER INVESTMENT MANAGEMENTWALTER INVESTMENT MANAGEMENT CNV | principal | 2,500,000 | $2.35M | new |
| RTI INTL METALS INCRTI INTL METALS INC NOTE 1.625%10/1 | principal | 2,000,000 | $1.97M | new |
| HORSEHEAD HLDG CORPHORSEHEAD HLDG CORP NOTE 3.800% 7/0 | principal | 1,500,000 | $1.96M | new |
| CHESAPEAKE ENERGY CORPCHESAPEAKE ENERGY CORP NOTE 2.250%12/1 | principal | 2,000,000 | $1.88M | new |
| TESLA INCTESLA INC NOTE 1.250% 3/0 | principal | 2,000,000 | $1.81M | new |
| DDR CORPDDR CORP NOTE | principal | 1,500,000 | $1.74M | new |
| SALIX PHARMACEUTICAL 1.500SALIX PHARMACEUTICAL 1.500 NOTE 1.500% 3/ | principal | 1,000,000 | $1.69M | new |
| GT Advanced Technologies In…GT Advanced Technologies Inc. CONV | principal | 1,000,000 | $1.62M | new |
| DFC GLOBAL CORPDFC GLOBAL CORP NOTE | principal | 1,700,000 | $1.58M | new |
| APOLLO COML REAL EST FIN INCAPOLLO COML REAL EST FIN INC NOTE 5.500% 3/1 | principal | 1,500,000 | $1.53M | new |
| DRYSHIPS INC.DRYSHIPS INC. NOTE 5.000%12/0 | principal | 1,500,000 | $1.49M | new |
| HOME INNS & HOTELS MGMT INCHOME INNS & HOTELS MGMT INC NOTE 2.000%12/1 | principal | 1,500,000 | $1.45M | new |
| CEMEX SAB DE CVCEMEX SAB DE CV NOTE | principal | 1,000,000 | $1.38M | new |
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC NOTE 3.750%12/1 | principal | 1,500,000 | $1.27M | new |
| TTM TECHNOLOGIES INCTTM TECHNOLOGIES INC NOTE 1.750%12/1 | principal | 1,000,000 | $1.11M | new |
| STERLITE INDS INDIA LTDSTERLITE INDS INDIA LTD NOTE 4.000%10/3 | principal | 800,000 | $801K | new |
Sold out in Q1 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| UNITED THERAPEUTICS CORP DELUNITED THERAPEUTICS CORP DEL | 2,100,000 | $4.99M | shares |
| VIROPHARMA INCVIROPHARMA INC | 1,800,000 | $4.81M | shares |
| ENPRO INDS INCENPRO INDS INC | 2,625,000 | $4.65M | shares |
| OMNICARE INCOMNICARE INC | 2,000,000 | $4.62M | shares |
| SALIX PHARMACEUTICAL 1.500SALIX PHARMACEUTICAL 1.500 | 3,000,000 | $4.49M | shares |
| SANDISK CORPSANDISK CORP | 2,800,000 | $4.14M | shares |
| RADIAN GROUP INCRADIAN GROUP INC | 2,450,000 | $3.61M | shares |
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC | 2,550,000 | $3.52M | shares |
| TELEFLEX INCTELEFLEX INC | 2,200,000 | $3.5M | shares |
| CUBIST PHARMACEUTICALS INCCUBIST PHARMACEUTICALS INC | 1,400,000 | $3.41M | shares |
| SEACOR HOLDINGS INCSEACOR HOLDINGS INC | 2,500,000 | $3.06M | shares |
| RAS 4 10/1/33RAS 4 10/1/33 | 3,000,000 | $2.98M | shares |
| DFC GLOBAL CORPDFC GLOBAL CORP | 3,000,000 | $2.88M | shares |
| CEMEX SAB DE CVCEMEX SAB DE CV | 2,000,000 | $2.74M | shares |
| ASCENT CAP GROUP INCASCENT CAP GROUP INC | 2,500,000 | $2.71M | shares |
| AKORN INCAKORN INC | 950,000 | $2.7M | shares |
| DRYSHIPS INC.DRYSHIPS INC. | 2,500,000 | $2.53M | shares |
| L-3 COMMUNICATIONS CORPL-3 COMMUNICATIONS CORP | 2,000,000 | $2.43M | shares |
| RTI INTL METALS INC 3.000RTI INTL METALS INC 3.000 | 2,068,000 | $2.35M | shares |
| INTERMUNE INCINTERMUNE INC | 2,500,000 | $2.23M | shares |
| STERLITE INDS INDIA LTDSTERLITE INDS INDIA LTD | 2,050,000 | $2.04M | shares |
| CEMEX SAB DE CVCEMEX SAB DE CV | 1,500,000 | $2M | shares |
| CHESAPEAKE ENERGY CORPCHESAPEAKE ENERGY CORP | 2,000,000 | $1.86M | shares |
| ANNALY CAP MGMT INCANNALY CAP MGMT INC | 1,750,000 | $1.78M | shares |
| DDR CORPDDR CORP | 1,500,000 | $1.67M | shares |
| ALPHA NATURAL RESOURCES INCALPHA NATURAL RESOURCES INC | 1,500,000 | $1.55M | shares |
| WEBMD HEALTH CORPWEBMD HEALTH CORP | 1,500,000 | $1.49M | shares |
| CHIQUITA BRANDS INTL INCCHIQUITA BRANDS INTL INC | 1,500,000 | $1.49M | shares |
| TRINITY INDS INCTRINITY INDS INC | 1,000,000 | $1.32M | shares |
| GROUP 1 AUTOMOTIVE INCGROUP 1 AUTOMOTIVE INC | 1,000,000 | $1.26M | shares |
| ANR 4.875 12/20ANR 4.875 12/20 | 1,000,000 | $1.07M | shares |
| Nextera Energy, Inc.Nextera Energy, Inc. | 17,000 | $963K | shares |
| COBALT INTL ENERGY INCCOBALT INTL ENERGY INC | 1,000,000 | $887K | shares |
| NEXTERA ENERGY INCNEXTERA ENERGY INC | 15,000 | $753K | shares |
| BARCLAYS IPTH SRS B S&P SHR…BARCLAYS IPTH SRS B S&P SHRT TRM … | 3,500 | $149K | shares |
How Q1 2014 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 0001606587-14-000042 | base | 2014-05-06 | acceptance time not in the bulk data set |