WhaleCreep

Afton Capital Management LLC 13F holdings, Q4 2013

Hedge fundSEC filingsCompare with another fundHoldings as of 2013-12-31, filed 2014-02-13

Afton Capital Management LLC disclosed 32 US equity positions worth $110.2m in its Q4 2013 13F filing. Its largest position is MAGNUM HUNTER RES CORP DEL at 7.8% of the reported book, followed by GRA1EUR and OCN2EUR. Versus Q3 2013 it opened 6 new positions, added to 4, reduced 22 and exited 7.

$110m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
32
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.8%
Largest position
The largest single position as a share of the reported equity book.
47.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
27
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
15
Quarters on file since Q1 2003
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2013: 6 new, 4 added, 22 reduced, 7 exited

32 rows
MAGNUM HUNTER RES CORP DEL no ticker–7.8%$8.6m1.18m−6.1%reduced
GRA1EUR GRACE W R & CO DEL NEW–5.4%$5.9m59,713−5.8%reduced
OCN2EUR OCWEN FINL CORP–5.1%$5.6m101,227−6.3%reduced
GPOR GULFPORT ENERGY CORPEnergy4.9%$5.4m84,815−6.1%reduced
LYONDELLBASELL INDUSTRIES NV no ticker–4.7%$5.1m64,063−5.9%reduced
BZH BEAZER HOMES USA INCConsumer Cyclical4.5%$5.0m204,080+27%added
EXP EAGLE MATERIALS INCBasic Materials3.9%$4.3m55,800–new
HOUSEUR ANYWHERE REAL ESTATE INC–3.7%$4.1m82,937−6.1%reduced
ALTISOURCE PORTFOLIO SOLNS S no ticker–3.6%$4.0m25,000–new
CARMIKE CINEMAS INC no ticker–3.5%$3.8m137,470−6.0%reduced
HHH HOWARD HUGHES CORPReal Estate3.4%$3.7m31,128−6.0%reduced
OC Owens Corning IncIndustrials3.3%$3.7m90,311+4.8%added
WCI CMNTYS INC no ticker–3.3%$3.6m189,600−5.8%reduced
ATSG* AIR TRANSPORT SERVICES GRP I–3.3%$3.6m445,221+15%added
DOORUSD MASONITE INTL CORP–3.2%$3.6m59,200−6.0%reduced
KINDER MORGAN INC DEL no ticker–3.1%$3.5m850,772−5.8%reduced
PHM PULTE GROUP INCConsumer Cyclical3.0%$3.4m164,976−6.0%reduced
GOODRICH PETE CORP no ticker–3.0%$3.3m194,159−5.9%reduced
GENCORP INC no ticker–3.0%$3.3m181,908−5.9%reduced
TOL TOLL BROTHERS INCConsumer Cyclical2.7%$3.0m81,280−6.6%reduced
TUESUSD TUESDAY MORNING CORP–2.7%$3.0m188,400−5.8%reduced
GM General Motors CorpConsumer Cyclical2.6%$2.9m70,000–new
NEWCASTLE INVT CORP no ticker–2.2%$2.4m418,678−24%reduced
CUI GLOBAL INC no ticker–2.1%$2.3m363,520+16%added
HORSEHEAD HLDG CORP no ticker–2.0%$2.3m139,300–new
PAR PETROLEUM CORP no ticker–1.9%$2.1m929,000–new
GLDD GREAT LAKES DREDGE & DOCK CO–1.7%$1.9m208,256−5.7%reduced
WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021 no ticker–1.7%$1.8m91,300−8.7%reduced
OSG OCTAVE SPECIALTY GROUP INCFinancial Services1.7%$1.8m75,000–new
UCTT ULTRA CLEAN HLDGS INCTechnology1.1%$1.2m119,061−54%reduced
BLDR BUILDERS FIRSTSOURCE INCIndustrials1.0%$1.2m161,772−9.1%reduced
SILICON GRAPHICS INTL CORP no ticker–0.9%$948k70,700−5.7%reduced

Exited since Q3 2013

7 rows
NATIONSTAR MTG HLDGS INC no ticker5.9%$6.8m
APC3EUR ANADARKO PETE CORP4.2%$4.9m
SYNOVUS FINL CORP no ticker3.1%$3.6m
STANDARD PAC CORP NEW no ticker3.0%$3.4m
NEW RESIDENTIAL INVT CORP no ticker2.5%$2.9m
MICHAEL KORS HLDGS LTD no ticker1.7%$1.9m
FIFTH & PAC COS INC no ticker1.3%$1.5m

Sector mix

  • Unclassified67.8%
  • Consumer Cyclical12.9%
  • Energy4.9%
  • Industrials4.4%
  • Basic Materials3.9%
  • Real Estate3.4%
  • Financial Services1.7%
  • Technology1.1%

Book over time

Every quarter on file (15)
QuarterPositionsEquity book
Q3 202217$30.6m
Q2 202216$33.8m
Q1 202218$47.0m
Q4 202110$51.0m
Q3 201529$33.8m
Q2 201524$38.4m
Q1 201529$46.7m
Q4 201437$54.1m
Q3 201428$57.6m
Q2 201432$101m
Q1 201430$102m
Q4 201332$110m
Q3 201333$115m
Q2 201333$108m
Q1 200352$99.6m

Where Afton Capital Management LLC was early

23 rows
GLDD GREAT LAKES DREDGE & DOCK CORPQ3 20132 of 801.4%1.9%3Exited by Q2 2014+23%
EXP EAGLE MATERIALS INC. CMNQ4 20131 of 1343.9%5.3%4Exited by Q4 2014+32%
OSG AMBAC FINANCIAL GROUP, INC. CMNQ4 20131 of 871.7%4.6%3Exited by Q3 2014+11%
AAOI APPLIED OPTOELECTRONICS, INC. CMNQ1 20141 of 1462.2%2.3%3Exited by Q4 2014−35%
PARR PAR PETROLEUM CORP CMNQ1 20141 of 1161.8%1.9%2Exited by Q3 2014+1.4%
MBI MBIA INC CMNQ1 20143 of 731.4%1.4%2Exited by Q3 2014−21%
AGO ASSURED GUARANTY LTD. CMNQ1 20147 of 1003.0%3.4%2Exited by Q3 2014−3.2%
KONA KONA GRILL, INC. CMNQ2 20141 of 231.0%3.1%4Exited by Q2 2015+46%
MTG MGIC INVESTMENT CORP COMMON STOCKQ2 201410 of 1294.1%4.1%2Exited by Q1 2015+0.9%
ULTA ULTA SALON COSMETICS & FRAGRAN*CE INC. CMNQ3 20147 of 1783.1%3.3%2Exited by Q1 2015+8.2%
META FACEBOOK, INC. CMN CLASS AQ3 201436 of 3845.5%5.5%2Exited by Q1 2015−1.3%
SCOR COMSCORE, INC. CMNQ4 20143 of 684.2%5.4%3Exited by Q3 2015+15%
DDD 3 D SYSTEMS CORP (NEW) CMNQ4 20144 of 1001.5%2.6%2Exited by Q2 2015−17%
TNET TRINET GROUP INC CMNQ4 20144 of 1253.8%4.9%2Exited by Q2 2015+13%
LNWO SCIENTIFIC GAMES CORPORATION CMN CLASS AQ4 20147 of 1222.8%6.1%3Exited by Q4 2021−18%
FANG DIAMONDBACK ENERGY INCQ1 20158 of 1904.4%7.2%4Exited by Q3 2022+58%
PANW PALO ALTO NETWORKS INCQ1 20158 of 2424.4%7.3%5Held at last filing, Q3 2022+236%
BKD BROOKDALE SENIOR LIVING, INC. CMNQ1 201511 of 1503.6%5.4%2Exited by Q3 2015−8.1%
LEN LENNAR CORPORATION CMN CLASS AQ1 201513 of 1993.5%3.5%2Exited by Q3 2015−1.5%
REI RING ENERGY, INC. CMNQ2 20152 of 715.8%5.8%2Exited by Q4 2021−12%
PFPT PROOFPOINT INC CMNQ2 20157 of 1122.5%3.6%2Exited by Q4 2021−5.3%
FIS FIDELITY NATL INFO SVCS INC CMNQ2 201511 of 2254.8%4.8%2Exited by Q4 2021+8.5%
LBRT LIBERTY ENERGY INCQ1 20225 of 1423.3%3.3%2Exited by Q3 2022−14%

Concentration and tenure

7.8%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
50.4%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
1
Median completed holding, quarters