Skip to content
Disclosery

Southpaw Asset Management LP

Follow

13F filer, CIK 1361978, Stamford, CT

Southpaw Asset Management LP reported $107,005,000 across 16 holdings for the quarter ended 2020-03-31, in a 13F-HR filed 2020-05-15. Its ten largest share positions make up 99.7% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-20-001346

Period
2020-03-31
Reported value
$107M
Holdings
16
Top 10 weight
99.7%
New
3
Sold out
2

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TDWreduced-599,026-$4.24M
LILIS ENERGY INCreduced-2,395,076-$415K
Ascena Retail Group Incexited-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.

Holdings, Q1 2020

Share positions as resolved from 13F-HR 0001172661-20-001346, largest first. % of portfolio is the value over $28,355,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FINJAN HLDGS INCFINJAN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 2,688,245 shares; 2020Q1: 2,688,245 shares 2,688,245$2.69M9.48%0
TDWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 758,627 shares; 2020Q1: 159,601 shares 159,601$1.13M3.99%-599,026Timeline
U S WELL SERVICES INCU S WELL SERVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 1,934,338 shares; 2020Q1: 1,934,338 shares 1,934,338$580K2.05%0
LILIS ENERGY INCLILIS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 4,801,811 shares; 2020Q1: 2,406,735 shares 2,406,735$417K1.47%-2,395,076
NORTHERN OIL & GAS INC NEVNORTHERN OIL & GAS INC NEVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 382,146 shares; 2020Q1: 382,146 shares 382,146$253K0.89%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 105,506 shares; 2020Q1: 105,506 shares 105,506$96K0.34%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 114,059 shares; 2020Q1: 114,059 shares 114,059$68K0.24%0
ROSEHILL RES INCROSEHILL RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 407,102 shares; 2020Q1: 407,102 shares 407,102$12K0.04%0
TIDEWATER INC NEWTIDEWATER INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2018Q2: restricted; 2018Q3: restricted; 2018Q4: restricted; 2019Q1: restricted; 2019Q2: restricted; 2019Q3: restricted; 2019Q4: 22,341 shares; 2020Q1: 22,341 shares 22,341$4K0.01%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
SPYSTATE STR SPDR S&P 500 ETF T SHSput250,000$64.4Mnew
TEVATEVA PHARMACEUTICAL INDS LTD ADRcall987,100$8.87M+27,100
XOPSPDR SERIES TRUST S&P OILGAS EXPput162,500$5.35Mnew

Principal amounts

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

SecurityTypeAmountValueChange
TWITTER INCTWITTER INC NOTE 1.000% 9/1principal10,000,000$9.5Mnew
TRANSOCEAN INCTRANSOCEAN INC DEB 0.500% 1/3principal15,196,000$5.62M+5,196,000
RAMBUS INC DELRAMBUS INC DEL NOTE 1.375% 2/0principal5,756,000$5.55M0
GOLAR LNG LTDGOLAR LNG LTD NOTE 2.750% 2/1principal3,860,000$2.44M-2,000,000

Sold out in Q1 2020

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

SecurityShares beforeValue beforeType
RESTORATION HARDWARE HLDGS IRESTORATION HARDWARE HLDGS I3,500,000$6.31Mprincipal
Ascena Retail Group IncAscena Retail Group Inc12,500$96Kshares

How Q1 2020 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 0001172661-20-001346 base2020-05-15acceptance time not in the bulk data set