TEGEAN CAPITAL MANAGEMENT, LLC
Filing Date
Global Rank
#5,570
/ 7,317
▼ 761
Top Industry
Banks - Diversified
30.9%
3Y Alpha vs SPY
+32.7%
Period ended 2 years ago
Filed Feb 14, 2024 · 2y
12 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+261.9%
SPY
+76.3%
Annualised alpha
+32.7%
Max drawdown
−31.3%
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
11 positions · as of Dec 31, 2023 · Δ vs Sep 30, 2023Top Position
20.3%
+5.5 pts
Top 5
68.9%
+22.1 pts
Top 10
99.0%
+26.7 pts
HHI
1,216
Diversified+510
Portfolio Trend
12 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2023| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 30.9% | $19,630,008 |
| Technology | 27.5% | $17,489,252 |
| Communication Services | 22.7% | $14,413,400 |
| Consumer Cyclical | 17.9% | $11,343,000 |
| Energy | 1.0% | $613,103 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
4 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BAC | Bank Of America Corp /De/ | +175,000 | 200,000 | $6,734,000 | |
| BABA | Alibaba Group Holding Ltd | +70,000 | 100,000 | $7,751,000 | |
| MRVL | Marvell Technology, Inc. | +60,000 | 120,000 | $7,237,200 | |
| WDC | Western Digital Corp | +15,000 | 75,000 | $2,968,822 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CRM | Salesforce, Inc. | 7,000 | $1,841,980 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AGO | Assured Guaranty Ltd | 100,000 | $6,052,000 | |
| QCOM | Qualcomm Inc/De | 50,000 | $5,553,000 | |
| NEM | NEWMONT Corp /DE/ | 150,000 | $5,542,500 | |
| PYPL | PayPal Holdings, Inc. | 60,000 | $3,507,600 | |
| STT | State Street Corp | 50,000 | $3,348,000 | |
| XYZ | Block, Inc. | 75,000 | $3,319,500 | |
| HPQ | Hp Inc | 126,900 | $3,261,330 | |
| DELL | Dell Technologies Inc. | 35,000 | $2,411,500 | |
| NOK | Nokia Corp | 500,000 | $1,870,000 | |
| AEM | Agnico Eagle Mines Ltd | 40,000 | $1,818,000 | |
| MBI | Mbia Inc | 150,000 | $1,081,500 | |
| No positions match the current search. | ||||
11 positions ·
$63,488,763 total
· as of Dec 31, 2023
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| C |
Citigroup Inc
Financial Services
|
Reduced | 250,700 | $12,896,008 | 20.31% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Held | 800,000 | $9,104,000 | 14.34% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Added | 100,000 | $7,751,000 | 12.21% | |
| MRVL |
Marvell Technology, Inc.
Technology
|
Added | 120,000 | $7,237,200 | 11.40% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Added | 200,000 | $6,734,000 | 10.61% | |
| COHR |
Coherent Corp.
Technology
|
Reduced | 125,000 | $5,441,250 | 8.57% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 15,000 | $5,309,400 | 8.36% | |
| GM |
General Motors Co
Consumer Cyclical
|
Held | 100,000 | $3,592,000 | 5.66% | |
| WDC |
Western Digital Corp
Technology
|
Added | 75,000 | $2,968,822 | 4.68% | |
| CRM |
Salesforce, Inc.
Technology
|
NEW | 7,000 | $1,841,980 | 2.90% | |
| GFR |
Greenfire Resources Ltd.
Energy
|
Held | 126,153 | $613,103 | 0.97% |