Funds › Afton Capital Management LLC › Q4 2014Afton Capital Management LLC 13F holdings, Q4 2014 Afton Capital Management LLC disclosed 37 US equity positions worth $54.1m in its Q4 2014 13F filing. Its largest position is GENCORP INC at 5.8% of the reported book, followed by ATSG* and HHH. Versus Q3 2014 it opened 24 new positions, added to 2, reduced 8 and exited 15.
$54.1m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
37 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.8% Largest position The largest single position as a share of the reported equity book.
44.1% Top 10 weight The ten largest positions together, as a share of the reported equity book.
29 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 2014: 24 new , 2 added , 8 reduced , 15 exited
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Stock Sector Weight Value Shares Δ shares Action GENCORP INC no ticker – 5.8% $3.1m 171,908 −5.5% reduced ATSG* AIR TRANSPORT SERVICES GRP I – 5.5% $3.0m 345,221 −6.8% reduced HHH HOWARD HUGHES CORP Real Estate 5.1% $2.8m 21,128 −19% reduced META META PLATFORMS INC Communication Services 4.6% $2.5m 32,000 −20% reduced SCOR COMSCORE INC Technology 4.2% $2.3m 49,000 – new WTS/BANK OF AMERICA CORP 13.3000 EXP01/16/2019 no ticker – 3.9% $2.1m 300,000 – new ZAYOEUR ZAYO GROUP HLDGS INC – 3.9% $2.1m 69,000 – new TNET TRINET GROUP INC Industrials 3.8% $2.0m 65,000 – new ROCK-TENN CO no ticker – 3.7% $2.0m 32,500 – new KATE SPADE & CO no ticker – 3.6% $2.0m 61,000 – new CARMIKE CINEMAS INC no ticker – 3.5% $1.9m 72,179 −17% reduced MTG MGIC INVT CORP WIS Financial Services 3.5% $1.9m 202,000 – new GT GOODYEAR TIRE & RUBR CO Consumer Cyclical 3.4% $1.9m 65,000 – new ULTA ULTA BEAUTY INC Consumer Cyclical 3.3% $1.8m 14,000 −6.7% reduced JBLU JETBLUE AIRWAYS CORP Industrials 3.2% $1.7m 109,000 – new U S G CORP no ticker – 3.2% $1.7m 61,000 – new WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021 no ticker – 2.9% $1.6m 64,500 +106% added LNWO LIGHT & WONDER INC Consumer Cyclical 2.8% $1.5m 121,000 – new EOG EOG Resources Inc Energy 2.7% $1.5m 16,000 – new LUV Southwest Airlines Co. Industrials 2.5% $1.4m 32,500 – new HABTEUR HABIT RESTAURANTS INC – 2.4% $1.3m 40,000 – new SAVEEUR SPIRIT AIRLS INC – 2.2% $1.2m 16,000 – new KONA KONA GRILL INC – 2.2% $1.2m 51,175 0.0% held COBALT INTL ENERGY INC no ticker – 2.0% $1.1m 122,000 – new KINDER MORGAN INC DEL no ticker – 2.0% $1.1m 250,000 – new DAL DELTA AIR LINES INC Industrials 1.8% $984k 20,000 – new TUESUSD TUESDAY MORNING CORP – 1.8% $966k 44,500 −70% reduced CLRUSD CONTINENTAL RES INC – 1.7% $932k 24,300 – new NMIH NMI HLDGS INC Financial Services 1.7% $913k 100,000 – new PENN VA CORP no ticker – 1.5% $808k 121,000 +21% added DDD 3D SYS CORP DEL Technology 1.5% $799k 24,300 – new PRMWUSD PRIMO WTR CORP – 1.0% $549k 127,275 0.0% held CUI GLOBAL INC no ticker – 0.9% $481k 64,500 −42% reduced ZOES KITCHEN INC no ticker – 0.9% $479k 16,000 – new CALY CALLAWAY GOLF CO Consumer Cyclical 0.8% $443k 57,512 – new SSE1EUR SEVENTY SEVEN ENERGY INC – 0.4% $219k 40,500 – new WTS MAGNUM RESOURCES CORP EXP 04/15/2016 no ticker – 0.0% $2.0k 125,723 0.0% held
Exited since Q3 2014 Sector mix Unclassified 55.0% Industrials 11.3% Consumer Cyclical 10.4% Technology 5.7% Financial Services 5.2% Real Estate 5.1% Communication Services 4.6% Energy 2.7% Book over time Every quarter on file (15) Where Afton Capital Management LLC was early 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