WhaleCreep

Afton Capital Management LLC 13F holdings, Q2 2014

Hedge fundSEC filingsCompare with another fundHoldings as of 2014-06-30, filed 2014-08-12

Afton Capital Management LLC disclosed 32 US equity positions worth $101.4m in its Q2 2014 13F filing. Its largest position is MAGNUM HUNTER RES CORP DEL at 9.3% of the reported book, followed by GOODRICH PETE CORP and GPOR. Versus Q1 2014 it opened 8 new positions, added to 5, reduced 3 and exited 6.

$101m
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.
9.3%
Largest position
The largest single position as a share of the reported equity book.
48.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
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 Q1 2014: 8 new, 5 added, 3 reduced, 6 exited

32 rows
MAGNUM HUNTER RES CORP DEL no ticker–9.3%$9.4m1.15m0.0%held
GOODRICH PETE CORP no ticker–6.0%$6.1m219,522+84%added
GPOR GULFPORT ENERGY CORPEnergy5.3%$5.3m84,8150.0%held
BZH BEAZER HOMES USA INCConsumer Cyclical4.2%$4.3m204,0800.0%held
MTG MGIC INVT CORP WISFinancial Services4.1%$4.2m450,000–new
PHM PULTE GROUP INCConsumer Cyclical4.1%$4.1m204,976+24%added
HHH HOWARD HUGHES CORPReal Estate4.1%$4.1m26,1280.0%held
OSG OCTAVE SPECIALTY GROUP INCFinancial Services4.0%$4.1m150,0000.0%held
ROCKWOOD HLDGS INC no ticker–3.7%$3.8m50,0000.0%held
ATSG* AIR TRANSPORT SERVICES GRP I–3.7%$3.7m445,2210.0%held
WCI CMNTYS INC no ticker–3.6%$3.7m189,6000.0%held
TUESUSD TUESDAY MORNING CORP–3.5%$3.6m200,000+6.2%added
GENCORP INC no ticker–3.4%$3.5m181,9080.0%held
AGO ASSURED GUARANTY LTDFinancial Services3.4%$3.4m140,000+17%added
SYU1 SYNOVUS FINL CORP–3.2%$3.3m135,000–new
CARMIKE CINEMAS INC no ticker–3.0%$3.1m87,179−37%reduced
U S G CORP no ticker–3.0%$3.0m100,000+33%added
TOL TOLL BROTHERS INCConsumer Cyclical3.0%$3.0m81,2800.0%held
ENERGY XXI BERMUDA LTD no ticker–2.9%$3.0m125,000–new
FRESH MKT INC no ticker–2.8%$2.8m85,000–new
HOUSEUR ANYWHERE REAL ESTATE INC–2.6%$2.6m70,000–new
HORSEHEAD HLDG CORP no ticker–2.5%$2.5m139,3000.0%held
EXP EAGLE MATERIALS INCBasic Materials2.4%$2.4m25,800−54%reduced
WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021 no ticker–2.4%$2.4m91,3000.0%held
AAOI APPLIED OPTOELECTRONICS INCTechnology2.1%$2.1m90,300+0.3%held
PARR PAR PACIFIC HOLDINGS INCEnergy1.9%$1.9m92,9000.0%held
OCN2EUR OCWEN FINL CORP–1.8%$1.9m50,000−50%reduced
CUI GLOBAL INC no ticker–1.4%$1.4m171,8000.0%held
MBI MBIA INCFinancial Services1.1%$1.1m100,0000.0%held
KONA KONA GRILL INC–1.0%$1.1m54,300–new
PRMWUSD PRIMO WTR CORP–0.6%$571k119,800–new
WTS MAGNUM RESOURCES CORP EXP 04/15/2016 no ticker–0.0%$2.0k125,723–new

Exited since Q1 2014

6 rows
GRA1EUR GRACE W R & CO DEL NEW4.2%$4.2m
LYONDELLBASELL INDUSTRIES NV no ticker3.9%$3.9m
OC Owens Corning Inc3.6%$3.7m
DOORUSD MASONITE INTL CORP3.3%$3.3m
GLDD GREAT LAKES DREDGE & DOCK CO1.9%$1.9m
BLDR BUILDERS FIRSTSOURCE INC1.4%$1.5m

Sector mix

  • Unclassified60.5%
  • Financial Services12.6%
  • Consumer Cyclical11.3%
  • Energy7.1%
  • Real Estate4.1%
  • Basic Materials2.4%
  • Technology2.1%

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