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TEGEAN CAPITAL MANAGEMENT, LLC

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13F filer, CIK 1536063, New York, NY

TEGEAN CAPITAL MANAGEMENT, LLC reported $78,122,488 across 21 holdings for the quarter ended 2023-06-30, in a 13F-HR/A filed 2023-12-06. Its ten largest share positions make up 74.91% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0000919574-23-006637

A NEW HOLDINGS amendment repeated most of the original and was read as a restatement (H3).

Period
2023-06-30
Reported value
$78.1M
Holdings
21
Top 10 weight
74.91%
New
7
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
WBDadded+421,700$5.29M
NEMnew+100,000$4.27M
Cadded+75,000$3.45M
PYPLnew+50,000$3.34M
NOKnew+500,000$2.08M

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
GSexited-20,000-$6.54M
EXPEexited-50,000-$4.85M
COFexited-40,000-$3.85M
AGNCreduced-300,000-$3.04M
BABAreduced-30,000-$2.5M

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, Q2 2023

Share positions as resolved from 13F-HR/A 0000919574-23-006637, largest first. % of portfolio is the value over $78,122,488, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: 50,000 shares; 2022Q2: 100,000 shares; 2022Q3: 50,000 shares; 2022Q4: 100,000 shares; 2023Q1: 150,000 shares; 2023Q2: 225,000 shares 225,000$10.4M13.26%+75,000Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 300,000 shares; 2022Q3: 300,000 shares; 2022Q4: not reported; 2023Q1: 300,000 shares; 2023Q2: 721,700 shares 721,700$9.05M11.58%+421,700Timeline
AGOASSURED GUARANTY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: 220,000 shares; 2022Q2: 85,000 shares; 2022Q3: 75,000 shares; 2022Q4: 65,200 shares; 2023Q1: 135,000 shares; 2023Q2: 125,000 shares 125,000$6.97M8.93%-10,000Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: 50,000 shares; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: 60,000 shares; 2023Q1: 20,000 shares; 2023Q2: 20,000 shares 20,000$5.74M7.35%0Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: 100,000 shares; 2022Q4: not reported; 2023Q1: 140,000 shares; 2023Q2: 110,000 shares 110,000$5.61M7.18%-30,000Timeline
AGNCAGNC INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 750,000 shares; 2022Q3: 250,000 shares; 2022Q4: not reported; 2023Q1: 800,000 shares; 2023Q2: 500,000 shares 500,000$5.07M6.48%-300,000Timeline
GMGENERAL MTRS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: 100,000 shares; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 125,000 shares; 2023Q2: 125,000 shares 125,000$4.82M6.17%0Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 100,000 shares 100,000$4.27M5.46%newTimeline
PYPLPAYPAL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 50,000 shares 50,000$3.34M4.27%newTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 60,000 shares; 2023Q2: 30,000 shares 30,000$2.5M3.2%-30,000Timeline
NOKNOKIA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: 500,000 shares; 2022Q2: 250,000 shares; 2022Q3: 150,000 shares; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 500,000 shares 500,000$2.08M2.66%newTimeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 40,000 shares 40,000$2M2.56%newTimeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 20,000 shares 20,000$1.97M2.52%newTimeline
KEYKEYCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 200,000 shares 200,000$1.85M2.37%newTimeline
CIENCIENA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: not reported; 2023Q2: 40,000 shares 40,000$1.7M2.18%newTimeline
CHIMERA INVESTMENT CORPCHIMERA INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 250,000 shares; 2023Q2: 250,000 shares 250,000$1.44M1.85%0
MBIMBIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 163,400 shares; 2023Q2: 150,000 shares 150,000$1.3M1.66%-13,400Timeline
MRVLMARVELL TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2021Q3: restricted; 2021Q4: restricted; 2022Q1: not reported; 2022Q2: not reported; 2022Q3: not reported; 2022Q4: not reported; 2023Q1: 25,000 shares; 2023Q2: 10,000 shares 10,000$598K0.77%-15,000Timeline

Principal amounts

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

SecurityTypeAmountValueChange
MICROSTRATEGY INCMICROSTRATEGY INC NOTE 2/1principal5,000,000$3.3M0
COINBASE GLOBAL INCCOINBASE GLOBAL INC NOTE 0.500% 6/0principal3,000,000$2.27M0
PELOTON INTERACTIVE INCPELOTON INTERACTIVE INC NOTE 2/1principal2,500,000$1.9M0

Sold out in Q2 2023

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

SecurityShares beforeValue beforeType
GSGOLDMAN SACHS GROUP INC20,000$6.54Mshares
EXPEEXPEDIA GROUP INC50,000$4.85Mshares
COFCAPITAL ONE FINL CORP40,000$3.85Mshares
MTCHMATCH GROUP INC NEW60,000$2.3Mshares
DBDEUTSCHE BK AG200,000$2.04Mshares
MSOSADVISORSHARES TR45,000$256Kshares
QUADRO ACQUISITION ONE CORPQUADRO ACQUISITION ONE CORP14,666$301shares

How Q2 2023 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 0000919574-23-004715 superseded2023-08-14acceptance time not in the bulk data set
13F-HR/A 0000919574-23-006637 basenew holdings2023-12-06acceptance time not in the bulk data set