Firefly Value Partners, LP

CIK

1438637

Location

New York, NY

Portfolio Value

Micro $59,878,182

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,032 / 5,416 ▼ 2928 · as of Sep 2020

Top Industry

Oil & Gas E&P 51.8%

Period ended 6 years ago

Filed Nov 16, 2020 · 5y

3 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2020, never from the firm's own description.

Style

Concentrated

The top 10 positions are 100.0% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Horizon unknown

The value-weighted holding period is at least 3.0 quarters, but 100.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2020-09-30, active share 99.8%; sector active share 89.7% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

7 tracked positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020

Top Position

33.4%

−14.8 pts

Top 5

90.1%

+12.9 pts

Top 10

100.0%

+4.2 pts

HHI

2,060

Moderately concentrated−558

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2020

Sector	% Portfolio	Value	Positions
Energy	68.7%	$41,149,029	3
Financial Services	11.9%	$7,120,500	2
Industrials	9.8%	$5,886,327	1
Basic Materials	9.6%	$5,722,326	1

Last Quarter's Activity

Export CSV

Sep 30, 2020 vs Jun 30, 2020

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
EQT	EQT Corp	−1,084,827	1,546,006	$19,989,857
MTW	Manitowoc Co Inc	−959,263	699,920	$5,886,327
ASIX	AdvanSix Inc.	−874,305	444,280	$5,722,326
HFBL	Home Federal Bancorp, Inc. of Louisiana	−15,471	10,000	$230,500
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CCK	Crown Holdings, Inc.	332,478	$21,654,292
DE	Deere & Co	104,994	$16,499,807
NE	Noble Corp plc	20,281,326	$6,512,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

7 tracked positions · $59,878,182 total · filing declares 7 positions · $59,878,000 · as of Sep 30, 2020

All sectors Basic Materials Energy Financial Services Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EQT	EQT Corp Energy	Reduced	1,546,006	-1,084,827	$19,989,857	−36.1%	3+	before history	33.38%
GPOR	Gulfport Energy Corp Energy	Held	20,906,000	0	$11,020,000	−51.6%	3+	before history	18.40%
DHT	DHT Holdings, Inc. Energy	Held	1,964,956	0	$10,139,172	+0.6%	3+	before history	16.93%
WD	Walker & Dunlop, Inc. PUT Financial Services	Reduced	130,000	-132,500	$6,890,000	−48.3%	—	—	11.51%
MTW	Manitowoc Co Inc Industrials	Reduced	699,920	-959,263	$5,886,327	−67.4%	3+	before history	9.83%
ASIX	AdvanSix Inc. Basic Materials	Reduced	444,280	-874,305	$5,722,326	−63.0%	3+	before history	9.56%
HFBL	Home Federal Bancorp, Inc. of Louisiana Financial Services	Reduced	10,000	-15,471	$230,500	−63.5%	3+	before history	0.38%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.