Saltoro Capital LP's Q2 2021 13F: 31 new positions, 37 exits
Form 13F-HR for the quarter ended Jun 30, 2021 · filed Aug 12, 2021 · 79 reported positions · accession 0001420506-21-001072
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | GREEN PLAINS INC (GPRE) | 21.4% | 10.4% | −10.9 pts | −663K sh | −69% |
| Reduced | SUNNOVA ENERGY INTL INC. (NOVAQ) | 8.0% | 1.5% | −6.5 pts | −200K sh | −84% |
| New | BUCKLE INC (BKE) | — | 7.7% | +7.7 pts | +147K sh | new |
| Reduced | ADAPTIVE BIOTECHNOLOGIES COR (ADPT) | 5.3% | 0.9% | −4.4 pts | −138K sh | −87% |
| Reduced | INVITAE CORP (NVTA) | 5.4% | 0.6% | −4.8 pts | −156K sh | −90% |
| New | FREEPORT-MCMORAN INC (FCX) | — | 3.7% | +3.7 pts | +94,900 sh | new |
| New | TEEKAY CORPORATION (TK 5 01/15/23) | — | 2.9% | +2.9 pts | +2.85M sh | new |
| New | UMH PPTYS INC (UMH) | — | 2.7% | +2.7 pts | +117K sh | new |
| New | OVINTIV INC (OVV) | — | 2.2% | +2.2 pts | +66,500 sh | new |
| New | OASIS PETROLEUM INC (CHRD) | — | 2.0% | +2.0 pts | +18,633 sh | new |
| Exited | AEMETIS INC (AMTX) | 1.8% | — | −1.8 pts | −90,000 sh | −100% |
| New | NABORS INDS INC NEW (NBR 0.75 01/15/24) | — | 1.7% | +1.7 pts | +1.8M sh | new |
| New | RILEY EXPLORATION PERMIAN IN (REPX) | — | 1.7% | +1.7 pts | +55,000 sh | new |
| Exited | COLONY CAP INC NEW (CLNY) | 1.6% | — | −1.6 pts | −303K sh | −100% |
| Exited | BALLYS CORPORATION (BALY) | 1.5% | — | −1.5 pts | −28,064 sh | −100% |
| Exited | WHITING PETE CORP NEW (WLL) | 1.5% | — | −1.5 pts | −51,316 sh | −100% |
| Reduced | TEMPUR SEALY INTL INC (SGI) | 1.1% | 0.0% | −1.0 pts | −35,000 sh | −97% |
| New | VINTAGE WINE ESTATES INC (VWESQ) | — | 1.4% | +1.4 pts | +111K sh | new |
| New | WILLSCOT MOBIL MINI HLDNG CO (WSC) | — | 1.4% | +1.4 pts | +47,500 sh | new |
| New |
DIGITALBRIDGE GROUP INC (DBRG)
new — newly listed security (e.g. spin-off)
|
— | 1.3% | +1.3 pts | +153K sh | new |
| New | IOVANCE BIOTHERAPEUTICS INC (IOVA) | — | 1.3% | +1.3 pts | +46,419 sh | new |
| New | ISTAR INC (STAR) | — | 1.2% | +1.2 pts | +57,000 sh | new |
| Reduced | R1 RCM INC (RCM) | 1.3% | 0.2% | −1.0 pts | −51,962 sh | −83% |
| New | GRAPHIC PACKAGING HLDG CO (GPK) | — | 1.2% | +1.2 pts | +61,750 sh | new |
| Exited | CHAMPIONX CORPORATION (CHX) | 1.2% | — | −1.2 pts | −65,688 sh | −100% |
| New | H & E EQUIPMENT SERVICES INC (HEES) | — | 1.2% | +1.2 pts | +33,402 sh | new |
| Exited | SEA LTD (SE) | 1.2% | — | −1.2 pts | −6,300 sh | −100% |
| New | ORIGIN MATERIALS INC (ORGN) | — | 1.1% | +1.1 pts | +131K sh | new |
| New | HERC HLDGS INC (HRI) | — | 1.1% | +1.1 pts | +9,500 sh | new |
| New | TILRAY INC (TLRY 5 10/01/23) | — | 0.9% | +0.9 pts | +900K sh | new |
| New | VALE S A (VALE) | — | 0.9% | +0.9 pts | +38,000 sh | new |
| Exited | MARINUS PHARMACEUTICALS INC (MRNS) | 0.9% | — | −0.9 pts | −70,623 sh | −100% |
| New | CLEVELAND-CLIFFS INC NEW (CLF) | — | 0.9% | +0.9 pts | +38,000 sh | new |
| Exited | ARTIUS ACQUISITION INC (AACQ) | 0.9% | — | −0.9 pts | −104K sh | −100% |
| Exited | BUILDERS FIRSTSOURCE INC (BLDR) | 0.9% | — | −0.9 pts | −22,500 sh | −100% |
| Reduced | AMERICAN EAGLE OUTFITTERS IN (AEO) | 0.9% | 0.6% | −0.3 pts | −21,750 sh | −60% |
| New | FRONTIER COMMUNICATIONS PARE (FYBR) | — | 0.8% | +0.8 pts | +30,000 sh | new |
| New | BEACON ROOFING SUPPLY INC (BECN) | — | 0.8% | +0.8 pts | +14,250 sh | new |
| New | OCCIDENTAL PETE CORP (OXY) | — | 0.8% | +0.8 pts | +23,750 sh | new |
| Exited | DERMTECH INC (DMTK) | 0.8% | — | −0.8 pts | −18,400 sh | −100% |
| Reduced | RCI HOSPITALITY HLDGS INC (RICK) | 1.1% | 0.7% | −0.4 pts | −10,600 sh | −51% |
| Exited | BILIBILI INC (BILI) | 0.7% | — | −0.7 pts | −8,100 sh | −100% |
| Exited | NATERA INC (NTRA) | 0.7% | — | −0.7 pts | −8,421 sh | −100% |
| Exited | LIGHTSPEED POS INC | 0.7% | — | −0.7 pts | −13,500 sh | −100% |
| Exited | BENTLEY SYS INC (BSY) | 0.7% | — | −0.7 pts | −18,000 sh | −100% |
| New | GAP INC (GAP) | — | 0.7% | +0.7 pts | +19,000 sh | new |
| New | EXPEDIA GROUP INC (EXPE) | — | 0.7% | +0.7 pts | +3,800 sh | new |
| Exited | MICRON TECHNOLOGY INC (MU) | 0.7% | — | −0.7 pts | −9,000 sh | −100% |
| Exited | LPL FINL HLDGS INC (LPLA) | 0.6% | — | −0.6 pts | −5,400 sh | −100% |
| Increased | L BRANDS INC (LB) | 1.0% | 2.1% | +1.1 pts | +8,300 sh | +44% |
The 50 largest of 88 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 44.9% of the equity book
Changes in the top 10 this quarter: BKE entered · FCX entered · TK 5 01/15/23 entered · UMH entered · OVV entered · NOVAQ left · NVTA left · ADPT left · AMTX left · CLNY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GREEN PLAINS INC (GPRE) | 21.4% | 10.4% | |
| 2 | BUCKLE INC (BKE) | 0.0% | 7.7% | Entered the top 10 |
| 3 | GREEN PLAINS INC (GPRE 4.125 09/01/22) | 4.4% | 6.1% | |
| 4 | NEWPARK RES INC (NR) | 3.1% | 3.9% | |
| 5 | FREEPORT-MCMORAN INC (FCX) | 0.0% | 3.7% | Entered the top 10 |
| 6 | TEEKAY CORPORATION (TK 5 01/15/23) | 0.0% | 2.9% | Entered the top 10 |
| 7 | NOVAVAX INC (NVAX 3.75 02/01/23) | 2.1% | 2.8% | |
| 8 | UMH PPTYS INC (UMH) | 0.0% | 2.7% | Entered the top 10 |
| 9 | RETROPHIN INC (TVTX 2.5 09/15/25) | 2.1% | 2.4% | |
| 10 | OVINTIV INC (OVV) | 0.0% | 2.2% | Entered the top 10 |
| — | SUNNOVA ENERGY INTL INC. (NOVAQ) | 8.0% | 1.5% | Left the top 10 |
| — | INVITAE CORP (NVTA) | 5.4% | 0.6% | Left the top 10 |
| — | ADAPTIVE BIOTECHNOLOGIES COR (ADPT) | 5.3% | 0.9% | Left the top 10 |
| — | AEMETIS INC (AMTX) | 1.8% | 0.0% | Left the top 10 |
| — | COLONY CAP INC NEW (CLNY) | 1.6% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Reduced | ISHARES TR (NYC) | Put | 828K | 410K | $94M |
| Exited | SPDR SER TR (SPTB) | Put | 360K | 0 | $0 |
| New | INVESCO QQQ TR (QQQ) | Put | 0 | 50,000 | $17.7M |
| Exited | SUNNOVA ENERGY INTL INC. (NOVAQ) | Put | 279K | 0 | $0 |
| New | FREEPORT-MCMORAN INC (FCX) | Call | 0 | 238K | $8.81M |
| Exited | ARK ETF TR (ARKD) | Put | 72,000 | 0 | $0 |
| Exited | ADAPTIVE BIOTECHNOLOGIES COR (ADPT) | Put | 180K | 0 | $0 |
| Exited | INVESCO EXCH TRADED FD TR II (SEA) | Call | 67,500 | 0 | $0 |
| Exited | DELTA AIR LINES INC DEL (DAL) | Put | 90,000 | 0 | $0 |
| New | SPDR SER TR (SPTB) | Call | 0 | 40,000 | $3.87M |
| Reduced | GENERAL MTRS CO (GM) | Call | 81,000 | 15,000 | $888K |
| New | ALCOA CORP (AA) | Call | 0 | 85,500 | $3.15M |
| New | OCCIDENTAL PETE CORP (OXY) | Call | 0 | 95,000 | $2.97M |
| New | DARLING INGREDIENTS INC (DAR) | Call | 0 | 42,800 | $2.89M |
| Exited | EHEALTH INC (EHTH) | Call | 36,000 | 0 | $0 |
| Exited | INVITAE CORP (NVTA) | Put | 62,500 | 0 | $0 |
| Reduced | GREEN PLAINS INC (GPRE) | Call | 234K | 120K | $4.03M |
| Reduced | GREEN PLAINS INC (GPRE) | Put | 196K | 95,000 | $3.19M |
| New | DELTA AIR LINES INC DEL (DAL) | Call | 0 | 47,500 | $2.06M |
| New | SUNNOVA ENERGY INTL INC. (NOVAQ) | Call | 0 | 45,000 | $1.7M |
| New | OLIN CORP (OLN) | Call | 0 | 36,300 | $1.68M |
| Exited | L BRANDS INC (LB) | Call | 22,500 | 0 | $0 |
| Exited | DEVON ENERGY CORP NEW (DVN) | Call | 63,000 | 0 | $0 |
| Exited | INVITAE CORP (NVTA) | Call | 36,000 | 0 | $0 |
| Increased | AMAZON COM INC (AMZN) | Call | 900 | 1,100 | $3.78M |