Saltoro Capital LP's Q1 2023 13F: 16 new positions, 15 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 10, 2023 · 28 reported positions · accession 0001420506-23-000944
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | SIGMA LITHIUM CORPORATION (SGML) | 9.8% | — | −9.8 pts | −107K sh | −100% |
| Increased | GREEN PLAINS INC (GPRE) | 9.9% | 19.1% | +9.2 pts | +90,472 sh | +90% |
| Exited | APA CORPORATION (APA) | 7.6% | — | −7.6 pts | −50,000 sh | −100% |
| Exited | ARDMORE SHIPPING CORP (ASC) | 7.1% | — | −7.1 pts | −152K sh | −100% |
| New | SEADRILL 2021 LTD (SDRL) | — | 6.8% | +6.8 pts | +63,500 sh | new |
| Increased | TRAVELCENTERS OF AMERICA INC (TA) | 10.1% | 23.8% | +13.6 pts | +24,235 sh | +35% |
| Exited | SKYWORKS SOLUTIONS INC (SWKS) | 5.8% | — | −5.8 pts | −19,500 sh | −100% |
| New | KBR INC (KBR) | — | 5.2% | +5.2 pts | +31,500 sh | new |
| Increased | CHEMOURS CO (CC) | 1.3% | 6.0% | +4.7 pts | +57,700 sh | +434% |
| Exited | QUALCOMM INC (QCOM) | 4.9% | — | −4.9 pts | −13,650 sh | −100% |
| Exited | LSB INDS INC (LXU) | 4.4% | — | −4.4 pts | −103K sh | −100% |
| New | CHORD ENERGY CORPORATION (CHRD) | — | 3.4% | +3.4 pts | +8,064 sh | new |
| Exited | TILRAY BRANDS INC (TLRY 5 10/01/23) | 3.2% | — | −3.2 pts | −1M sh | −100% |
| Exited | TRAVERE THERAPEUTICS INC (TVTX) | 3.1% | — | −3.1 pts | −45,950 sh | −100% |
| Exited | UNIVAR SOLUTIONS INC (UNVR) | 3.0% | — | −3.0 pts | −29,000 sh | −100% |
| New | ARCH RESOURCES INC (ARCH) | — | 3.0% | +3.0 pts | +8,259 sh | new |
| New | BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | — | 2.9% | +2.9 pts | +1.6M sh | new |
| New | WESCO INTL INC (WCC) | — | 2.7% | +2.7 pts | +6,300 sh | new |
| Exited | VERTEX ENERGY INC (VTNR) | 2.3% | — | −2.3 pts | −114K sh | −100% |
| Exited | TRANSOCEAN LTD (RIG) | 2.2% | — | −2.2 pts | −150K sh | −100% |
| Exited | WEATHERFORD INTL PLC (WFRD) | 2.0% | — | −2.0 pts | −12,089 sh | −100% |
| Exited | NOBLE CORP PLC (NE) | 1.8% | — | −1.8 pts | −15,000 sh | −100% |
| New | WINNEBAGO INDS INC (WGO) | — | 1.7% | +1.7 pts | +9,900 sh | new |
| New | LULULEMON ATHLETICA INC (LULU) | — | 1.4% | +1.4 pts | +1,260 sh | new |
| Reduced | TEEKAY TANKERS LTD (TNK) | 4.0% | 3.4% | −0.6 pts | −11,504 sh | −29% |
| New | TENET HEALTHCARE CORP (THC) | — | 1.2% | +1.2 pts | +5,670 sh | new |
| New | EVOLENT HEALTH INC (EVH) | — | 1.2% | +1.2 pts | +10,800 sh | new |
| Reduced | FERROGLOBE PLC (GSM) | 1.7% | 0.5% | −1.2 pts | −95,919 sh | −69% |
| New | ABERCROMBIE & FITCH CO (ANF) | — | 1.1% | +1.1 pts | +16,200 sh | new |
| New | EURONAV NV (CMBT) | — | 1.0% | +1.0 pts | +20,585 sh | new |
| New | H & E EQUIPMENT SERVICES INC (HEES) | — | 1.0% | +1.0 pts | +9,000 sh | new |
| New | ALTISOURCE ASSET MGMT CORP (AAMC) | — | 0.9% | +0.9 pts | +3,533 sh | new |
| Exited | OLIN CORP (OLN) | 0.7% | — | −0.7 pts | −4,156 sh | −100% |
| New | AMAZON COM INC (AMZN) | — | 0.7% | +0.7 pts | +2,119 sh | new |
| Exited | INSMED INC (INSM) | 0.3% | — | −0.3 pts | −5,400 sh | −100% |
| Increased | BERRY CORP (BRY) | 0.0% | 0.3% | +0.3 pts | +13,403 sh | +718% |
| Reduced | ACORDA THERAPEUTICS INC (ACOR) | 0.3% | 0.1% | −0.2 pts | −57,436 sh | −53% |
| New | BLUE APRON HLDGS INC (APRN) | — | 0.0% | 0.0 pts | +350K sh | new |
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 — 79.2% of the equity book
Changes in the top 10 this quarter: SDRL entered · CC entered · KBR entered · CHRD entered · ARCH entered · ACOR 6 12/01/24 entered · SGML left · APA left · ASC left · SWKS left · QCOM left · LXU left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | TRAVELCENTERS OF AMERICA INC (TA) | 10.1% | 23.8% | |
| 2 | GREEN PLAINS INC (GPRE) | 9.9% | 19.1% | |
| 3 | SEADRILL 2021 LTD (SDRL) | 0.0% | 6.8% | Entered the top 10 |
| 4 | CHEMOURS CO (CC) | 1.3% | 6.0% | Entered the top 10 |
| 5 | NABORS INDS INC (NBR 0.75 01/15/24) | 6.0% | 5.7% | |
| 6 | KBR INC (KBR) | 0.0% | 5.2% | Entered the top 10 |
| 7 | TEEKAY TANKERS LTD (TNK) | 4.0% | 3.4% | |
| 8 | CHORD ENERGY CORPORATION (CHRD) | 0.0% | 3.4% | Entered the top 10 |
| 9 | ARCH RESOURCES INC (ARCH) | 0.0% | 3.0% | Entered the top 10 |
| 10 | ACORDA THERAPEUTICS INC (ACOR 6 12/01/24) | 3.6% | 2.9% | Entered the top 10 |
| — | SIGMA LITHIUM CORPORATION (SGML) | 9.8% | 0.0% | Left the top 10 |
| — | APA CORPORATION (APA) | 7.6% | 0.0% | Left the top 10 |
| — | ARDMORE SHIPPING CORP (ASC) | 7.1% | 0.0% | Left the top 10 |
| — | SKYWORKS SOLUTIONS INC (SWKS) | 5.8% | 0.0% | Left the top 10 |
| — | QUALCOMM INC (QCOM) | 4.9% | 0.0% | Left the top 10 |
| — | LSB INDS INC (LXU) | 4.4% | 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 | SPDR S&P 500 ETF TR (SPY) | Put | 144K | 67,800 | $27.8M |
| New | INVESCO QQQ TR (QQQ) | Put | 0 | 50,000 | $16M |
| Exited | SPDR S&P 500 ETF TR (SPY) | Call | 35,000 | 0 | $0 |
| New | ISHARES TR (NYC) | Put | 0 | 70,000 | $12.5M |
| New | AMAZON COM INC (AMZN) | Put | 0 | 75,000 | $7.75M |
| New | ARK ETF TR (ARKD) | Put | 0 | 186K | $7.5M |
| New | TESLA INC (TSLA) | Put | 0 | 36,000 | $7.47M |
| New | NVIDIA CORPORATION (NVDA) | Put | 0 | 25,000 | $6.94M |
| New | KRANESHARES TR (KBUF) | Put | 0 | 180K | $5.61M |
| New | INTERNATIONAL BUSINESS MACHS (IBM) | Put | 0 | 40,000 | $5.24M |
| New | EURONAV NV (CMBT) | Call | 0 | 304K | $5.1M |
| Exited | APA CORPORATION (APA) | Call | 105K | 0 | $0 |
| Reduced | UNITED STS OIL FD LP (USO) | Call | 120K | 66,500 | $4.42M |
| New | GREEN PLAINS INC (GPRE) | Put | 0 | 104K | $3.21M |
| Exited | GENERAL MTRS CO (GM) | Call | 86,000 | 0 | $0 |
| Increased | GREEN PLAINS INC (GPRE) | Call | 4,000 | 92,200 | $2.86M |
| New | FREEPORT-MCMORAN INC (FCX) | Put | 0 | 60,000 | $2.45M |
| New | ARISTA NETWORKS INC (ANET) | Put | 0 | 9,800 | $1.65M |
| New | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | Put | 0 | 16,000 | $552K |
| Increased | MOSAIC CO NEW (MOS) | Call | 30,000 | 38,000 | $1.74M |
| Reduced | CHEMOURS CO (CC) | Call | 193K | 184K | $5.49M |
| Increased | OLIN CORP (OLN) | Call | 45,000 | 50,000 | $2.78M |
| New | WW INTL INC (WW) | Call | 0 | 50,000 | $206K |