WhaleCreep

Afton Capital Management LLC 13F holdings, Q3 2014

Hedge fundSEC filingsCompare with another fundHoldings as of 2014-09-30, filed 2014-11-13

Afton Capital Management LLC disclosed 28 US equity positions worth $57.6m in its Q3 2014 13F filing. Its largest position is HHH at 6.8% of the reported book, followed by MAGNUM HUNTER RES CORP DEL and GOODRICH PETE CORP. Versus Q2 2014 it opened 13 new positions, added to 2, reduced 8 and exited 17.

$57.6m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.8%
Largest position
The largest single position as a share of the reported equity book.
54.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
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 Q2 2014: 13 new, 2 added, 8 reduced, 17 exited

28 rows
HHH HOWARD HUGHES CORPReal Estate6.8%$3.9m26,1280.0%held
MAGNUM HUNTER RES CORP DEL no ticker–6.7%$3.9m696,114−39%reduced
GOODRICH PETE CORP no ticker–5.6%$3.3m219,5220.0%held
META META PLATFORMS INCCommunication Services5.5%$3.2m40,000–new
EXP EAGLE MATERIALS INCBasic Materials5.3%$3.1m30,000+16%added
GOOGLE INC no ticker–5.1%$2.9m5,000–new
TUESUSD TUESDAY MORNING CORP–5.1%$2.9m150,000−25%reduced
GENCORP INC no ticker–5.0%$2.9m181,9080.0%held
BAC BANK OF AMER CORPFinancial Services5.0%$2.9m170,000–new
CARMIKE CINEMAS INC no ticker–4.7%$2.7m87,1790.0%held
ATSG* AIR TRANSPORT SERVICES GRP I–4.7%$2.7m370,221−17%reduced
HERTZ GLOBAL HOLDINGS INC no ticker–4.4%$2.5m100,000–new
B/E AEROSPACE INC no ticker–4.4%$2.5m30,000–new
KAPSTONE PAPER & PACKAGING C no ticker–3.9%$2.2m80,000–new
GNW GENWORTH FINL INCFinancial Services3.9%$2.2m170,000–new
FLS FLOWSERVE CORPIndustrials3.7%$2.1m30,000–new
ULTA ULTA BEAUTY INCConsumer Cyclical3.1%$1.8m15,000–new
WLK WESTLAKE CORPORATIONBasic Materials3.0%$1.7m20,000–new
WCI CMNTYS INC no ticker–2.7%$1.5m82,904−56%reduced
AAOI APPLIED OPTOELECTRONICS INCTechnology2.3%$1.3m82,206−9.0%reduced
PENN VA CORP no ticker–2.2%$1.3m100,000–new
KONA KONA GRILL INC–1.8%$1.0m51,175−5.8%reduced
NVGS NAVIGATOR HLDGS LTDEnergy1.5%$835k30,000–new
CUI GLOBAL INC no ticker–1.4%$809k111,800−35%reduced
WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021 no ticker–1.3%$745k31,300−66%reduced
PRMWUSD PRIMO WTR CORP–1.0%$549k127,275+6.2%added
ERICKSON INC no ticker–0.08%$44.0k3,400–new
WTS MAGNUM RESOURCES CORP EXP 04/15/2016 no ticker–0.0%$2.0k125,7230.0%held

Exited since Q2 2014

17 rows
GPOR GULFPORT ENERGY CORP5.3%$5.3m
BZH BEAZER HOMES USA INC4.2%$4.3m
MTG MGIC INVT CORP WIS4.1%$4.2m
PHM PULTE GROUP INC4.1%$4.1m
OSG OCTAVE SPECIALTY GROUP INC4.0%$4.1m
ROCKWOOD HLDGS INC no ticker3.7%$3.8m
AGO ASSURED GUARANTY LTD3.4%$3.4m
SYU1 SYNOVUS FINL CORP3.2%$3.3m
U S G CORP no ticker3.0%$3.0m
TOL TOLL BROTHERS INC3.0%$3.0m
ENERGY XXI BERMUDA LTD no ticker2.9%$3.0m
FRESH MKT INC no ticker2.8%$2.8m
HOUSEUR ANYWHERE REAL ESTATE INC2.6%$2.6m
HORSEHEAD HLDG CORP no ticker2.5%$2.5m
PARR PAR PACIFIC HOLDINGS INC1.9%$1.9m
OCN2EUR OCWEN FINL CORP1.8%$1.9m
MBI MBIA INC1.1%$1.1m

Sector mix

  • Unclassified60.0%
  • Financial Services8.9%
  • Basic Materials8.3%
  • Real Estate6.8%
  • Communication Services5.5%
  • Industrials3.7%
  • Consumer Cyclical3.1%
  • Technology2.3%
  • Energy1.5%

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