Sage Capital Management, LLC
Follow13F filer, CIK 1324360, Sarasota, FL
Sage Capital Management, LLC reported $92,811,000 across 39 holdings for the quarter ended 2014-12-31, in a 13F-HR filed 2015-01-26. Its ten largest share positions make up 41.59% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001606587-15-000010
- Period
- 2014-12-31
- Reported value
- $92.8M
- Holdings
- 39
- Top 10 weight
- 41.59%
- New
- 13
- Sold out
- 13
Largest buys vs the previous quarter
None.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TBFexited | -55,000 | -$1.53M |
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 2014
Share positions as resolved from 13F-HR 0001606587-15-000010, largest first. % of portfolio is the value over $92,811,000, 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 |
|---|---|---|---|---|
| OMNICARE INCOMNICARE INC NOTE 3.750%12/1 | principal | 1,925,000 | $5.32M | 0 |
| TELEFLEX INCTELEFLEX INC NOTE 3.875% 8/0 | principal | 2,340,000 | $4.39M | -60,000 |
| ECPG 3 11/27/17ECPG 3 11/27/17 Bond 30/360P2 U | principal | 2,900,000 | $4.27M | 0 |
| JARDEN CORPJARDEN CORP NOTE 1.87 | principal | 2,450,000 | $3.84M | -50,000 |
| ICONIX BRAND GROUP INCICONIX BRAND GROUP INC NOTE | principal | 2,925,000 | $3.45M | -50,000 |
| SEACOR HOLDINGS INCSEACOR HOLDINGS INC NOTE 2.500%12/1 | principal | 3,150,000 | $3.31M | 0 |
| FOREST CITY ENTERPRISES INCFOREST CITY ENTERPRISES INC NOTE 3.625% 8/1 | principal | 2,900,000 | $3.08M | 0 |
| ISTAR FINL INCISTAR FINL INC NOTE 3.000%11/1 | principal | 2,370,000 | $3M | -530,000 |
| TAKE-TWO INTERACTIVE SOFTWARTAKE-TWO INTERACTIVE SOFTWAR NOTE 1.750%12/0 | principal | 1,970,000 | $2.99M | -30,000 |
| DEALERTRACK TECHNOLOGIES INCDEALERTRACK TECHNOLOGIES INC NOTE 1.500% 3/1 | principal | 2,200,000 | $2.86M | 0 |
| RADIAN GROUP INCRADIAN GROUP INC NOTE 2.250% 3/0 | principal | 1,765,000 | $2.84M | -585,000 |
| WRIGHT MED GROUP INCWRIGHT MED GROUP INC NOTE 2.000% 8/1 | principal | 2,335,000 | $2.83M | +1,335,000 |
| SPECTRANETICS CORPSPECTRANETICS CORP MTNF 2.625% 6/0 | principal | 2,000,000 | $2.57M | new |
| AMAG PHARMACEUTICALS INCAMAG PHARMACEUTICALS INC NOTE 2.500 2/1 | principal | 1,505,000 | $2.51M | new |
| AMRI 2.25 11/18AMRI 2.25 11/18 Bond 30/360P2 U | principal | 2,000,000 | $2.42M | new |
| CEMEX SAB DE CVCEMEX SAB DE CV NOTE 3.750% 3/1 | principal | 2,000,000 | $2.41M | -1,000,000 |
| PRICELINE.COM INC 1.000PRICELINE.COM INC 1.000 DEBT 1.000% 3/1 | principal | 1,800,000 | $2.38M | -1,000,000 |
| MOLINA HEALTHCARE INCMOLINA HEALTHCARE INC NOTE 1.125% 1/1 | principal | 1,710,000 | $2.37M | -30,000 |
| EMULEX CORPEMULEX CORP CNV | principal | 2,450,000 | $2.25M | new |
| ELECTRONIC ARTS INCELECTRONIC ARTS INC NOTE 0.750% 7/1 | principal | 1,470,000 | $2.21M | new |
| ASCENT CAP GROUP INCASCENT CAP GROUP INC NOTE 4.000 7/1 | principal | 2,375,000 | $1.95M | -125,000 |
| SANDISK CORPSANDISK CORP CORPORATE OBLIG | principal | 980,000 | $1.88M | new |
| APOLLO COML REAL EST FIN INCAPOLLO COML REAL EST FIN INC NOTE 5.500% 3/1 | principal | 1,900,000 | $1.87M | -600,000 |
| HORSEHEAD HLDG CORPHORSEHEAD HLDG CORP NOTE 3.800% 7/0 | principal | 1,500,000 | $1.83M | -1,400,000 |
| CHESAPEAKE ENERGY CORPCHESAPEAKE ENERGY CORP NOTE 2.250%12/1 | principal | 2,000,000 | $1.83M | +1,000,000 |
| ACORDA THERAPEUTICS INCACORDA THERAPEUTICS INC NOTE 1.750% 6/1 | principal | 1,570,000 | $1.8M | new |
| QUIDEL CORPQUIDEL CORP NOTE 3.250%12/1 | principal | 1,500,000 | $1.67M | new |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.375% 5/0 | principal | 1,680,000 | $1.6M | -70,000 |
| SPIRIT RLTY CAP INC NEWSPIRIT RLTY CAP INC NEW NOTE 3.750% 5/1 | principal | 1,500,000 | $1.46M | new |
| ALLSCRIPTS HEALTHCARE SOLUTNALLSCRIPTS HEALTHCARE SOLUTN NOTE 1.250% 7/0 | principal | 1,480,000 | $1.46M | new |
| RTI INTL METALS INCRTI INTL METALS INC NOTE 1.625%10/1 | principal | 1,500,000 | $1.46M | 0 |
| TAKE-TWO INTERACTIVE SOFTWARTAKE-TWO INTERACTIVE SOFTWAR NOTE 1.000% 7/0 | principal | 1,000,000 | $1.41M | 0 |
| BCOR 4.25 4/19BCOR 4.25 4/19 Bond 30/360P2 U | principal | 1,440,000 | $1.36M | new |
| WEB COM GROUP INCWEB COM GROUP INC NOTE 1.000% 8/1 | principal | 1,450,000 | $1.33M | -50,000 |
| MICRON TECHNOLOGY INCMICRON TECHNOLOGY INC NOTE 3.000%11/1 | principal | 1,000,000 | $1.32M | 0 |
| WALTER INVESTMENT MANAGEMENTWALTER INVESTMENT MANAGEMENT CNV | principal | 1,465,000 | $1.11M | -35,000 |
| TESLA INCTESLA INC NOTE 1.250% 3/0 | principal | 1,000,000 | $904K | new |
| EXXI 3 12/18EXXI 3 12/18 Bond 30/360P2 U | principal | 1,000,000 | $286K | new |
Sold out in Q4 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| FIDELITY NATIONAL FINANCIALFIDELITY NATIONAL FINANCIAL | 2,820,000 | $4.49M | principal |
| SPANSION LLCSPANSION LLC | 2,400,000 | $4.21M | principal |
| SALIX PHARMACEUTICAL 1.500SALIX PHARMACEUTICAL 1.500 | 1,660,000 | $4.01M | principal |
| CUBIST PHARMACEUTICALS INCCUBIST PHARMACEUTICALS INC | 1,700,000 | $3.96M | principal |
| COBALT INTL ENERGY INCCOBALT INTL ENERGY INC | 2,940,000 | $2.43M | principal |
| VOLCANO CORPVOLCANO CORP | 2,500,000 | $2.15M | principal |
| NUANCE COMMUNICATIONSNUANCE COMMUNICATIONS | 2,000,000 | $1.98M | principal |
| HOME INNS & HOTELS MGMT INCHOME INNS & HOTELS MGMT INC | 2,000,000 | $1.94M | principal |
| TBFPROSHARES TR | 55,000 | $1.53M | shares |
| DRYSHIPS INC.DRYSHIPS INC. | 1,175,000 | $1.16M | principal |
| PROSPECT CAPITAL CORPPROSPECT CAPITAL CORP | 1,000,000 | $1.03M | principal |
| J2 GLOBAL INCJ2 GLOBAL INC | 1,000,000 | $997K | principal |
| MIG 5 3/15/20MIG 5 3/15/20 | 1,000,000 | $959K | principal |
How Q4 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 0001606587-15-000010 | base | 2015-01-26 | acceptance time not in the bulk data set |