Saltoro Capital LP's Q3 2022 13F: 12 new positions, 16 exits
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Nov 14, 2022 · 29 reported positions · accession 0001420506-22-002256
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | SPDR S&P 500 ETF TR (SPY) | — | 49.6% | +49.6 pts | +129K sh | new |
| Exited | OLIN CORP (OLN) | 10.9% | — | −10.9 pts | −147K sh | −100% |
| Exited | GREEN PLAINS INC (GPRE 4.125 09/01/22) | 7.7% | — | −7.7 pts | −4.5M sh | −100% |
| Exited | MICROSOFT CORP (MSFT) | 6.2% | — | −6.2 pts | −15,000 sh | −100% |
| Exited | ARDMORE SHIPPING CORP (ASC) | 4.5% | — | −4.5 pts | −406K sh | −100% |
| Exited | ALGOMA STL GROUP INC (ASTL) | 2.5% | — | −2.5 pts | −176K sh | −100% |
| Increased | GREEN PLAINS INC (GPRE) | 16.5% | 14.3% | −2.2 pts | +78,877 sh | +21% |
| Reduced | CHEMOURS CO (CC) | 5.4% | 0.4% | −5.0 pts | −89,930 sh | −85% |
| Exited | INTERNATIONAL GAME TECHNOLOG (BRSL) | 2.2% | — | −2.2 pts | −75,000 sh | −100% |
| Exited | ACCELERATE DIAGNOSTICS INC (AXDX 2.5 03/15/23) | 2.2% | — | −2.2 pts | −2M sh | −100% |
| Reduced | TRAVELCENTERS OF AMERICA INC (TA) | 8.4% | 6.8% | −1.7 pts | −35,941 sh | −24% |
| New | CHORD ENERGY CORPORATION (CHRD) | — | 1.8% | +1.8 pts | +12,333 sh | new |
| Exited | OMEROS CORP (OMER 6.25 11/15/23) | 1.8% | — | −1.8 pts | −1.25M sh | −100% |
| New | TRICIDA INC (TCDAQ) | — | 1.5% | +1.5 pts | +130K sh | new |
| Exited | HF SINCLAIR CORP (DINO) | 1.4% | — | −1.4 pts | −20,000 sh | −100% |
| New | IQIYI INC (IQ 4 12/15/26) | — | 1.4% | +1.4 pts | +2M sh | new |
| Increased | R1 RCM INC (RCM) | 6.4% | 4.9% | −1.5 pts | +55,000 sh | +29% |
| Exited | EVERCORE INC (EVR) | 1.0% | — | −1.0 pts | −40,000 sh | −100% |
| Increased | GOLDEN ENTMT INC (GDEN) | 0.3% | 1.2% | +0.9 pts | +26,580 sh | +571% |
| Exited | WHITING PETE CORP NEW (WLL) | 0.9% | — | −0.9 pts | −8,326 sh | −100% |
| New | FREEPORT-MCMORAN INC (FCX) | — | 0.9% | +0.9 pts | +30,000 sh | new |
| New | SIGMA LITHIUM CORPORATION (SGML) | — | 0.9% | +0.9 pts | +30,000 sh | new |
| Exited | ENCORE CAP GROUP INC (ECPG) | 0.8% | — | −0.8 pts | −8,700 sh | −100% |
| New | AVALARA INC (AVLR 0.25 08/01/26) | — | 0.8% | +0.8 pts | +750K sh | new |
| New | EOG RES INC (EOG) | — | 0.7% | +0.7 pts | +6,000 sh | new |
| Exited | RILEY EXPLORATION PERMIAN IN (REPX) | 0.7% | — | −0.7 pts | −17,096 sh | −100% |
| New | PLAYAGS INC (AGS) | — | 0.6% | +0.6 pts | +107K sh | new |
| Exited | ANTERO RESOURCES CORP (AR) | 0.6% | — | −0.6 pts | −12,100 sh | −100% |
| New | ARCH RESOURCES INC (ARCH) | — | 0.6% | +0.6 pts | +4,400 sh | new |
| Exited | CHESAPEAKE ENERGY CORP (EXE) | 0.1% | — | −0.1 pts | −843 sh | −100% |
| New | KOPPERS HOLDINGS INC (KOP) | — | 0.1% | +0.1 pts | +4,587 sh | new |
| Exited | BIOSIG TECHNOLOGIES INC (BSGM) | 0.1% | — | −0.1 pts | −49,048 sh | −100% |
| New | SPDR SER TR (XOP) | — | 0.0% | 0.0 pts | +100 sh | new |
| Reduced | ALLIANCE RESOURCE PARTNERS L (ARLP) | 0.0% | 0.0% | 0.0 pts | −55,000 sh | −84% |
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 — 89.0% of the equity book
Changes in the top 10 this quarter: SPY entered · NBR 0.75 01/15/24 entered · CHRD entered · TCDAQ entered · IQ 4 12/15/26 entered · OLN left · GPRE 4.125 09/01/22 left · MSFT left · CC left · ASC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR (SPY) | 0.0% | 49.6% | Entered the top 10 |
| 2 | GREEN PLAINS INC (GPRE) | 16.5% | 14.3% | |
| 3 | TRAVELCENTERS OF AMERICA INC (TA) | 8.4% | 6.8% | |
| 4 | R1 RCM INC (RCM) | 6.4% | 4.9% | |
| 5 | TRAVERE THERAPEUTICS INC (TVTX 2.5 09/15/25) | 5.5% | 3.8% | |
| 6 | INSMED INC (INSM 0.75 06/01/28) | 4.0% | 3.0% | |
| 7 | NABORS INDS INC (NBR 0.75 01/15/24) | 2.9% | 2.0% | Entered the top 10 |
| 8 | CHORD ENERGY CORPORATION (CHRD) | 0.0% | 1.8% | Entered the top 10 |
| 9 | TRICIDA INC (TCDAQ) | 0.0% | 1.5% | Entered the top 10 |
| 10 | IQIYI INC (IQ 4 12/15/26) | 0.0% | 1.4% | Entered the top 10 |
| — | OLIN CORP (OLN) | 10.9% | 0.0% | Left the top 10 |
| — | GREEN PLAINS INC (GPRE 4.125 09/01/22) | 7.7% | 0.0% | Left the top 10 |
| — | MICROSOFT CORP (MSFT) | 6.2% | 0.0% | Left the top 10 |
| — | CHEMOURS CO (CC) | 5.4% | 0.4% | Left the top 10 |
| — | ARDMORE SHIPPING CORP (ASC) | 4.5% | 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 |
|---|---|---|---|---|---|
| Exited | SPDR S&P 500 ETF TR (SPY) | Call | 210K | 0 | $0 |
| Reduced | SPDR S&P 500 ETF TR (SPY) | Put | 370K | 270K | $96.4M |
| Exited | ISHARES TR (NYC) | Put | 200K | 0 | $0 |
| Exited | INVESCO QQQ TR (QQQ) | Put | 120K | 0 | $0 |
| Exited | SPDR SER TR (SPTB) | Put | 260K | 0 | $0 |
| New | GREEN PLAINS PARTNERS LP (GPP) | Call | 0 | 791K | $23M |
| Exited | SPDR SER TR (SPTB) | Call | 100K | 0 | $0 |
| Exited | GREEN PLAINS INC (GPRE) | Call | 311K | 0 | $0 |
| New | UNITED STS OIL FD LP (USO) | Call | 0 | 100K | $6.53M |
| New | UNITED STS OIL FD LP (USO) | Put | 0 | 100K | $6.53M |
| Exited | ANTERO RESOURCES CORP (AR) | Put | 160K | 0 | $0 |
| New | GREEN PLAINS PARTNERS LP (GPP) | Put | 0 | 150K | $4.36M |
| Exited | GREEN PLAINS INC (GPRE) | Put | 150K | 0 | $0 |
| Exited | HF SINCLAIR CORP (DINO) | Call | 80,000 | 0 | $0 |
| New | CHEMOURS CO (CC) | Call | 0 | 97,200 | $2.4M |
| New | OLIN CORP (OLN) | Call | 0 | 50,000 | $2.14M |
| New | WILLSCOT MOBIL MINI HLDNG CO (WSC) | Call | 0 | 50,000 | $2.02M |
| Exited | ANTERO RESOURCES CORP (AR) | Call | 50,000 | 0 | $0 |
| New | SELECT SECTOR SPDR TR (XLBI) | Put | 0 | 20,000 | $1.36M |
| New | CAESARS ENTERTAINMENT INC NE (CZR) | Call | 0 | 40,000 | $1.29M |
| New | ICICI BANK LIMITED | Call | 0 | 60,000 | $1.26M |
| New | ARCH RESOURCES INC (ARCH) | Call | 0 | 10,000 | $1.19M |
| New | TRICIDA INC (TCDAQ) | Call | 0 | 100K | $1.05M |
| New | TRICIDA INC (TCDAQ) | Put | 0 | 100K | $1.05M |
| Reduced | DOW INC (DOW) | Call | 60,000 | 50,000 | $2.2M |