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Disclosery

Southpaw Asset Management LP

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13F filer, CIK 1361978, Stamford, CT

Southpaw Asset Management LP reported $63,594,000 across 15 holdings for the quarter ended 2019-12-31, in a 13F-HR filed 2020-02-14. Its ten largest share positions make up 99.48% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-20-000644

Period
2019-12-31
Reported value
$63.6M
Holdings
15
Top 10 weight
99.48%
New
1
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
U S WELL SERVICES INCadded+1,109,422$2.1M
Ascena Retail Group Incnew+12,500$96K

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

SecurityShares changeApprox. value
TRAVELCENTERS OF AMERICA INCexited-92,638-$1.14M
NEPHexited-73,810-$601K
RMBSexited-22,981-$302K
ASCENA RETAIL GROUP INCexited-250,000-$66K

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 2019

Share positions as resolved from 13F-HR 0001172661-20-000644, largest first. % of portfolio is the value over $54,186,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 758,627 shares 758,627$14.6M26.99%0Timeline
FINJAN HLDGS INCFINJAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 2,688,245 shares 2,688,245$5.4M9.97%0
U S WELL SERVICES INCU S WELL SERVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 1,934,338 shares 1,934,338$3.66M6.75%+1,109,422
LILIS ENERGY INCLILIS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 4,801,811 shares 4,801,811$1.82M3.37%0
NORTHERN OIL & GAS INC NEVNORTHERN OIL & GAS INC NEVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 382,146 shares 382,146$894K1.65%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 105,506 shares 105,506$172K0.32%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 114,059 shares 114,059$135K0.25%0
Ascena Retail Group IncAscena Retail Group IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 12,500 shares 12,500$96K0.18%new
ROSEHILL RES INCROSEHILL RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 407,102 shares 407,102$37K0.07%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q1: restricted; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 22,341 shares 22,341$12K0.02%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).

SecurityTypeAmountValueChange
TEVATEVA PHARMACEUTICAL INDS LTD ADRcall960,000$9.41M+460,000

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
TRANSOCEAN INCTRANSOCEAN INC DEB 0.500% 1/3principal10,000,000$9.99M0
RESTORATION HARDWARE HLDGS IRESTORATION HARDWARE HLDGS I DBCV 7/1principal3,500,000$6.31M0
RAMBUS INC DELRAMBUS INC DEL NOTE 1.375% 2/0principal5,756,000$5.83M-4,500,000
GOLAR LNG LTDGOLAR LNG LTD NOTE 2.750% 2/1principal5,860,000$5.2M-10,640,000

Sold out in Q4 2019

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
RTI INTL METALS INCRTI INTL METALS INC45,500,000$45.5Mprincipal
TRAVELCENTERS OF AMERICA INCTRAVELCENTERS OF AMERICA INC92,638$1.14Mshares
NEPHNEPHROS INC73,810$601Kshares
RMBSRAMBUS INC DEL22,981$302Kshares
ASCENA RETAIL GROUP INCASCENA RETAIL GROUP INC250,000$66Kshares

How Q4 2019 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-20-000644 base2020-02-14acceptance time not in the bulk data set