Taal Capital Management LP

CIK

1811243

Location

Boston, MA

Portfolio Value

Micro $71,105,100

Diversification

Diversified

Filing Date

Global Rank

#4,726 / 5,923 ▼ 496

Top Industry

Utilities - Regulated Electric 20.8%

3Y Alpha vs SPY

-9.0%

Period ended 4 years ago

Filed Aug 16, 2021 · 4y

6 quarters · since Mar 2020

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

+39.8%

SPY

+76.5%

Annualised alpha

-9.0%

Max drawdown

−10.9%

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

12 positions · as of Jun 30, 2021 · Δ vs Mar 31, 2021

Top Position

20.0%

−3.3 pts

Top 5

62.7%

−2.3 pts

Top 10

96.2%

+3.5 pts

HHI

1,117

Diversified−155

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2021

Sector	% Portfolio	Value	Positions
Financial Services	31.4%	$22,351,500	3
Utilities	20.0%	$14,238,000	1
Consumer Cyclical	12.5%	$8,918,750	2
Communication Services	11.5%	$8,148,784	2
Technology	9.5%	$6,772,500	1
Energy	7.9%	$5,638,100	1
Unclassified	3.5%	$2,520,466	1
Industrials	3.5%	$2,517,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2021 vs Mar 31, 2021

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
PCG	PG&E Corp	−500,000	1,400,000	$14,238,000
BRK-B	Berkshire Hathaway Inc	−44,000	30,000	$8,337,600
NKE	NIKE, Inc.	−15,000	25,000	$3,862,250
TMUS	T-Mobile US, Inc.	−5,000	55,000	$7,965,650
LNG	Cheniere Energy, Inc.	−5,000	65,000	$5,638,100
FISV	Fiserv Inc	−1,420	23,580	$2,520,466
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
GOOGL	Alphabet Inc.	1,500	$183,134
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
FE	Firstenergy Corp	150,000	$5,203,500
BIDU	Baidu, Inc.	2,300	$500,365
TME	Tencent Music Entertainment Group	23,000	$471,270
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 positions · $71,105,100 total · as of Jun 30, 2021

All sectors Communication Services Consumer Cyclical Energy Financial Services Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PCG	PG&E Corp Utilities	Reduced	1,400,000	-500,000	$14,238,000	−36.0%	20.02%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	30,000	-44,000	$8,337,600	−55.9%	11.73%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	55,000	-5,000	$7,965,650	+6.0%	11.20%
V	Visa Inc. Financial Services	Held	30,000	0	$7,014,600	+10.4%	9.87%
JPM	Jpmorgan Chase & Co Financial Services	Held	45,000	0	$6,999,300	+2.2%	9.84%
MSFT	Microsoft Corp Technology	Held	25,000	0	$6,772,500	+14.9%	9.52%
LNG	Cheniere Energy, Inc. Energy	Reduced	65,000	-5,000	$5,638,100	+11.9%	7.93%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Held	75,000	0	$5,056,500	+1.9%	7.11%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	25,000	-15,000	$3,862,250	−27.3%	5.43%
FISV	Fiserv Inc	Reduced	23,580	-1,420	$2,520,466	−15.3%	3.54%
JBLU	Jetblue Airways Corp Industrials	Held	150,000	0	$2,517,000	−17.5%	3.54%
GOOGL	Alphabet Inc. Communication Services	NEW	1,500	NEW	$183,134	NEW	0.26%