Terrapin Asset Management, LLC

CIK

1965645

Location

MIAMI, FL

Portfolio Value

Micro $30,180,596

Diversification

Diversified

Filing Date

Global Rank

#5,941 / 6,895 ▲ 23

Top Industry

Drug Manufacturers - Specialty & Generic 23.2%

3Y Alpha vs SPY

+1.3%

Period ended 2 years ago

Filed Nov 14, 2023 · 2y

4 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

+82.2%

SPY

+76.5%

Annualised alpha

+1.3%

Max drawdown

−20.1%

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 Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

23.2%

+5.0 pts

Top 5

73.1%

+2.9 pts

Top 10

97.7%

−1.9 pts

HHI

1,431

Diversified+186

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Financial Services	34.4%	$10,379,718	4
Healthcare	28.7%	$8,656,625	2
Communication Services	21.4%	$6,451,398	1
Consumer Defensive	8.4%	$2,538,652	2
Technology	7.1%	$2,154,203	2

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
CCIF	Carlyle Credit Income Fund	+57,712	530,867	$4,342,492
ZTS	Zoetis Inc.	+19,200	40,200	$6,993,996
GMED	Globus Medical Inc	+5,598	33,487	$1,662,629
GOOGL	Alphabet Inc.	+3,600	49,300	$6,451,398
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
FHN	First Horizon Corp	−52,000	211,800	$2,334,036
SPB	Spectrum Brands Holdings, Inc.	−29,226	17,374	$1,361,252
CZFS	Citizens Financial Services Inc	−113	37,460	$1,777,308
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
MCHB	Mechanics Bancorp	247,225	$1,925,882
SIMO	Silicon Motion Technology CORP	28,609	$1,466,211
MXL	Maxlinear, Inc	30,921	$687,992
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
VZ	Verizon Communications Inc	100,000	$3,719,000
FLD	Fold Holdings, Inc.	20,000	$207,000
HRZN	Horizon Technology Finance Corp	10,000	$120,800
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

11 positions · $30,180,596 total · as of Sep 30, 2023

All sectors Communication Services Consumer Defensive Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ZTS	Zoetis Inc. Healthcare	Added	40,200	+19,200	$6,993,996	+93.4%	23.17%
GOOGL	Alphabet Inc. Communication Services	Added	49,300	+3,600	$6,451,398	+17.9%	21.38%
CCIF	Carlyle Credit Income Fund Financial Services	Added	530,867	+57,712	$4,342,492	−7.7%	14.39%
FHN	First Horizon Corp Financial Services	Reduced	211,800	-52,000	$2,334,036	−21.5%	7.73%
MCHB	Mechanics Bancorp Financial Services	NEW	247,225	NEW	$1,925,882	NEW	6.38%
CZFS	Citizens Financial Services Inc Financial Services	Reduced	37,460	-113	$1,777,308	−35.8%	5.89%
GMED	Globus Medical Inc Healthcare	Added	33,487	+5,598	$1,662,629	+0.1%	5.51%
SIMO	Silicon Motion Technology CORP Technology	NEW	28,609	NEW	$1,466,211	NEW	4.86%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Reduced	17,374	-29,226	$1,361,252	−62.6%	4.51%
MO	Altria Group, Inc. Consumer Defensive	Held	28,000	0	$1,177,400	−7.2%	3.90%
MXL	Maxlinear, Inc Technology	NEW	30,921	NEW	$687,992	NEW	2.28%