Tegean Capital Management 13F annual report
Tegean Capital Management is an investment fund managing more than $141 billion ran by Matthew Adonnino. There are currently 18 companies in Mr. Adonnino’s portfolio. The largest investments include Citigroup Inc and Warner Bros.Discovery Inc, together worth $38.8 billion.
$141 billion Assets Under Management (AUM)
As of 29th November 2023, Tegean Capital Management’s top holding is 450,000 shares of Citigroup Inc currently worth over $20.7 billion and making up 14.7% of the portfolio value.
Relative to the number of outstanding shares of Citigroup Inc, Tegean Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,443,400 shares of Warner Bros.Discovery Inc worth $18.1 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Assured Guaranty Ltd worth $14 billion and the next is Meta Platforms Inc worth $11.5 billion, with 40,000 shares owned.
Currently, Tegean Capital Management's portfolio is worth at least $141 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tegean Capital Management
The Tegean Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Matthew Adonnino serves as the Chief Compliance Officer at Tegean Capital Management.
Recent trades
In the most recent 13F filing, Tegean Capital Management revealed that it had opened a new position in
Newmont Corp and bought 200,000 shares worth $8.53 billion.
This means they effectively own approximately 0.1% of the company.
Newmont Corp makes up
68.1%
of the fund's Materials sector allocation and has decreased its share price by 15.3% in the past year.
The investment fund also strengthened its position in Citigroup Inc by buying
150,000 additional shares.
This makes their stake in Citigroup Inc total 450,000 shares worth $20.7 billion.
Citigroup Inc soared 3.8% in the past year.
On the other hand, there are companies that Tegean Capital Management is getting rid of from its portfolio.
Tegean Capital Management closed its position in Agnc Invt Corp on 6th December 2023.
It sold the previously owned 800,000 shares for $8.06 billion.
Matthew Adonnino also disclosed a decreased stake in Marvell Technology Inc by 0.6%.
This leaves the value of the investment at $1.2 billion and 20,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Tegean Capital Management are West Bancorporation Inc and Fortis Advisors. They manage $141 billion and $141 billion respectively.
Matthew Adonnino investment strategy
Tegean Capital Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Finance — making up 33.7% of
the total portfolio value.
The fund focuses on investments in the United States as
55.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $67 billion.
The complete list of Tegean Capital Management trades based on 13F SEC filings
These positions were updated on December 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Citigroup Inc |
50.00%
450,000
|
$20,718,000,000 | 14.66% |
| Warner Bros.Discovery Inc |
140.57%
1,443,400
|
$18,100,236,000 | 12.81% |
| Assured Guaranty Ltd |
85.19%
250,000
|
$13,950,000,000 | 9.87% |
| Meta Platforms Inc |
100.00%
40,000
|
$11,479,200,000 | 8.12% |
| Coherent Corp |
57.14%
220,000
|
$11,215,600,000 | 7.94% |
| Agnc Invt Corp |
25.00%
1,000,000
|
$10,130,000,000 | 7.17% |
| General Mtrs Co |
100.00%
250,000
|
$9,640,000,000 | 6.82% |
| Newmont Corp |
Opened
200,000
|
$8,532,000,000 | 6.04% |
| Agnc Invt Corp |
Closed
800,000
|
$8,064,000,000 | |
| Assured Guaranty Ltd |
Closed
135,000
|
$6,786,450,000 | |
| PayPal Holdings Inc |
Opened
100,000
|
$6,673,000,000 | 4.72% |
| Goldman Sachs Group, Inc. |
Closed
40,000
|
$13,084,400,000 | |
| Alibaba Group Hldg Ltd |
Closed
60,000
|
$6,130,800,000 | |
| Coherent Corp |
Closed
140,000
|
$5,331,200,000 | |
| Alibaba Group Hldg Ltd |
No change
60,000
|
$5,001,000,000 | 3.54% |
| Expedia Group Inc |
Closed
100,000
|
$9,703,000,000 | |
| General Mtrs Co |
Closed
125,000
|
$4,585,000,000 | |
| Meta Platforms Inc |
Closed
20,000
|
$4,238,800,000 | |
| Nokia Corp |
Opened
1,000,000
|
$4,160,000,000 | 2.94% |
| Agnico Eagle Mines Ltd |
Opened
80,000
|
$3,998,400,000 | 2.83% |
| Global Pmts Inc |
Opened
40,000
|
$3,940,800,000 | 2.79% |
| Capital One Finl Corp |
Closed
80,000
|
$7,692,800,000 | |
| Keycorp |
Opened
400,000
|
$3,696,000,000 | 2.62% |
| CIENA Corp. |
Opened
80,000
|
$3,399,200,000 | 2.41% |
| Chimera Invt Corp |
100.00%
500,000
|
$2,885,000,000 | 2.04% |
| MBIA Inc. |
83.60%
300,000
|
$2,592,000,000 | 1.83% |
| Match Group Inc. |
Closed
120,000
|
$4,606,800,000 | |
| Deutsche Bank A G |
Closed
400,000
|
$4,084,000,000 | |
| MBIA Inc. |
Closed
163,400
|
$1,513,084,000 | |
| Chimera Invt Corp |
Closed
250,000
|
$1,410,000,000 | |
| Marvell Technology Inc |
60.00%
20,000
|
$1,195,600,000 | 0.85% |
| Advisorshares Tr |
Closed
90,000
|
$512,100,000 | |
| No transactions found | |||
| Showing first 500 out of 32 holdings | |||
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