P&S Credit Management, L.P.
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.
Closest benchmark: the Dow Jones Industrial Average as of 2024-04-30, active share 97.2%; sector active share 72.1% against the combined 13F book's sector weights.
Over time 6 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.
View clone backtestPortfolio Concentration
12 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023Portfolio Trend
Sector Breakdown
As of Mar 31, 2024| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 74.1% | $46,306,526 |
| Energy | 12.3% | $7,694,293 |
| Basic Materials | 8.9% | $5,550,000 |
| Consumer Cyclical | 4.7% | $2,948,430 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PBR | Petrobras - Petroleo Brasileiro SA | +40,000 | 85,000 | $1,292,850 | |
| No positions match the current search. | |||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
|
Added | 35,000 | $18,307,450 | 29.29% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
+ SHARES
|
NEW | 29,271 | $12,996,616 | 20.79% | |
| IWM |
iShares Russell 2000 ETF
PUT
|
Reduced | 45,500 | $9,568,650 | 15.31% | |
|
PUT
|
Added | 27,000 | $4,183,110 | 6.69% | ||
| CVX |
Chevron Corp
Energy
|
NEW | 20,000 | $3,154,800 | 5.05% | |
| GM |
General Motors Co
Consumer Cyclical
|
Reduced | 65,015 | $2,948,430 | 4.72% | |
| FCX |
Freeport-Mcmoran Inc
Basic Materials
|
Reduced | 60,000 | $2,821,200 | 4.51% | |
| CLF |
Cleveland-Cliffs Inc.
Basic Materials
|
Held | 120,000 | $2,728,800 | 4.37% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Held | 20,446 | $2,376,643 | 3.80% | |
| PBR |
Petrobras - Petroleo Brasileiro SA
Energy
|
Added | 85,000 | $1,292,850 | 2.07% | |
|
|
Held | 165,000 | $1,250,700 | 2.00% | ||
| AR |
ANTERO RESOURCES Corp
Energy
|
Reduced | 30,000 | $870,000 | 1.39% |
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.