P&S Credit Management, L.P.

CIK

1484159

Location

New York, NY

Portfolio Value

Micro $47,496,789

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,978 / 7,296 ▲ 365

Top Industry

Oil & Gas Integrated 42.1%

3Y Alpha vs SPY

+0.9%

Period ended 2 years ago

Filed Apr 15, 2024 · 2y

6 quarters · since Dec 2022

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+80.3%

SPY

+76.3%

Annualised alpha

+0.9%

Max drawdown

−24.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

9 positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

38.5%

−0.4 pts

Top 5

84.7%

+3.1 pts

Top 10

100.0%

+1.7 pts

HHI

2,421

Moderately concentrated+356

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Unclassified	65.9%	$31,304,066	2
Energy	16.2%	$7,694,293	4
Basic Materials	11.7%	$5,550,000	2
Consumer Cyclical	6.2%	$2,948,430	1

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	+40,000	85,000	$1,292,850
SPY	Spdr S&P 500 ETF Trust	+11,000	35,000	$18,307,450
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
GM	General Motors Co	−14,985	65,015	$2,948,430
FCX	Freeport-Mcmoran Inc	−12,000	60,000	$2,821,200
AR	ANTERO RESOURCES Corp	−10,000	30,000	$870,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	29,271	$12,996,616
CVX	Chevron Corp	20,000	$3,154,800
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
WYNN	Wynn Resorts Ltd	45,000	$4,099,950
FANG	Diamondback Energy, Inc.	4,000	$620,320
CNX	CNX Resources Corp	30,000	$600,000
TROX	Tronox Holdings plc	35,000	$495,600
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

9 positions · $47,496,789 total · as of Mar 31, 2024

All sectors Basic Materials Consumer Cyclical Energy

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	35,000	+11,000	$18,307,450	+60.5%	38.54%
QQQ	Invesco Qqq Trust, Series 1	NEW	29,271	NEW	$12,996,616	NEW	27.36%
CVX	Chevron Corp Energy	NEW	20,000	NEW	$3,154,800	NEW	6.64%
GM	General Motors Co Consumer Cyclical	Reduced	65,015	-14,985	$2,948,430	+2.6%	6.21%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	60,000	-12,000	$2,821,200	−8.0%	5.94%
CLF	Cleveland-Cliffs Inc. Basic Materials	Held	120,000	0	$2,728,800	+11.4%	5.75%
XOM	Exxon Mobil Corp Energy	Held	20,446	0	$2,376,643	+16.3%	5.00%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Added	85,000	+40,000	$1,292,850	+79.9%	2.72%
AR	ANTERO RESOURCES Corp Energy	Reduced	30,000	-10,000	$870,000	−4.1%	1.83%