Saltoro Capital LP's Q2 2023 13F: 33 new positions, 14 exits
Form 13F-HR for the quarter ended Jun 30, 2023 · filed Aug 9, 2023 · 47 reported positions · accession 0001420506-23-001429
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | TRAVELCENTERS OF AMERICA INC (TA) | 23.8% | — | −23.8 pts | −94,134 sh | −100% |
| Reduced | CHEMOURS CO (CC) | 6.0% | 2.9% | −3.1 pts | −41,500 sh | −58% |
| New | NORTHERN OIL & GAS INC (NOG) | — | 3.5% | +3.5 pts | +38,000 sh | new |
| Exited | TEEKAY TANKERS LTD (TNK) | 3.4% | — | −3.4 pts | −28,496 sh | −100% |
| Reduced | SEADRILL 2021 LTD (SDRL) | 6.8% | 3.9% | −2.9 pts | −28,500 sh | −45% |
| Increased | EURONAV NV (CMBT) | 1.0% | 3.9% | +2.9 pts | +75,930 sh | +369% |
| Exited | ARCH RESOURCES INC (ARCH) | 3.0% | — | −3.0 pts | −8,259 sh | −100% |
| New | CROSS CTRY HEALTHCARE INC (CCRN) | — | 2.8% | +2.8 pts | +38,000 sh | new |
| Exited | WESCO INTL INC (WCC) | 2.7% | — | −2.7 pts | −6,300 sh | −100% |
| Reduced | BRIDGEBIO PHARMA INC (BBIO 2.25 02/01/29) | 2.9% | 0.2% | −2.7 pts | −1.5M sh | −94% |
| New | INTERNATIONAL GAME TECHNOLOG (BRSL) | — | 2.4% | +2.4 pts | +28,500 sh | new |
| New | VERTIV HOLDINGS CO (VRT) | — | 2.3% | +2.3 pts | +35,150 sh | new |
| New | ATS CORPORATION (ATS) | — | 2.3% | +2.3 pts | +14,250 sh | new |
| New | AVIENT CORPORATION (AVNT) | — | 2.1% | +2.1 pts | +19,000 sh | new |
| New | DISH NETWORK CORPORATION (DISH 3.375 08/15/26) | — | 2.1% | +2.1 pts | +1.5M sh | new |
| New | FTAI AVIATION LTD (FTAI) | — | 1.9% | +1.9 pts | +22,800 sh | new |
| New | SOUTHWESTERN ENERGY CO (SWN) | — | 1.8% | +1.8 pts | +114K sh | new |
| New | SBA COMMUNICATIONS CORP NEW (SBAC) | — | 1.8% | +1.8 pts | +2,850 sh | new |
| New | HERC HLDGS INC (HRI) | — | 1.7% | +1.7 pts | +4,750 sh | new |
| New | TEMPUR SEALY INTL INC (SGI) | — | 1.7% | +1.7 pts | +16,150 sh | new |
| New | DELTA AIR LINES INC DEL (DAL) | — | 1.7% | +1.7 pts | +13,300 sh | new |
| Exited | WINNEBAGO INDS INC (WGO) | 1.7% | — | −1.7 pts | −9,900 sh | −100% |
| New | ROYAL CARIBBEAN GROUP (RCL) | — | 1.7% | +1.7 pts | +6,000 sh | new |
| New | FRONTIER COMMUNICATIONS PARE (FYBR) | — | 1.7% | +1.7 pts | +33,250 sh | new |
| New | CAMECO CORP (CCJ) | — | 1.6% | +1.6 pts | +19,000 sh | new |
| Reduced | KBR INC (KBR) | 5.2% | 3.9% | −1.3 pts | −9,000 sh | −29% |
| New | MELCO RESORTS AND ENTMNT LTD (MLCO) | — | 1.5% | +1.5 pts | +47,500 sh | new |
| New | FUBOTV INC (FUBO 3.25 02/15/26) | — | 1.5% | +1.5 pts | +1M sh | new |
| New | PERFORMANCE FOOD GROUP CO (PFGC) | — | 1.5% | +1.5 pts | +9,500 sh | new |
| New | KILROY RLTY CORP (KRC) | — | 1.5% | +1.5 pts | +19,000 sh | new |
| New | SENSATA TECHNOLOGIES HLDG PL (ST) | — | 1.5% | +1.5 pts | +12,540 sh | new |
| New | AECOM (ACM) | — | 1.5% | +1.5 pts | +6,650 sh | new |
| New | HILTON GRAND VACATIONS INC (HGV) | — | 1.5% | +1.5 pts | +12,350 sh | new |
| New | VIASAT INC (VSAT) | — | 1.5% | +1.5 pts | +13,300 sh | new |
| New | AMN HEALTHCARE SVCS INC (AMN) | — | 1.5% | +1.5 pts | +5,000 sh | new |
| New | MARATHON DIGITAL HOLDINGS IN (MARA) | — | 1.4% | +1.4 pts | +38,000 sh | new |
| Exited | LULULEMON ATHLETICA INC (LULU) | 1.4% | — | −1.4 pts | −1,260 sh | −100% |
| Exited | TENET HEALTHCARE CORP (THC) | 1.2% | — | −1.2 pts | −5,670 sh | −100% |
| Exited | EVOLENT HEALTH INC (EVH) | 1.2% | — | −1.2 pts | −10,800 sh | −100% |
| Exited | ABERCROMBIE & FITCH CO (ANF) | 1.1% | — | −1.1 pts | −16,200 sh | −100% |
| New | CONSTELLIUM SE (CSTM) | — | 1.0% | +1.0 pts | +21,750 sh | new |
| Exited | ALTISOURCE ASSET MGMT CORP (AAMC) | 0.9% | — | −0.9 pts | −3,533 sh | −100% |
| New | O-I GLASS INC (OI) | — | 0.8% | +0.8 pts | +14,678 sh | new |
| New | RED ROCK RESORTS INC (RRR) | — | 0.7% | +0.7 pts | +5,700 sh | new |
| New | ORACLE CORP (ORCL) | — | 0.7% | +0.7 pts | +2,185 sh | new |
| New | TETRA TECHNOLOGIES INC DEL (TTI) | — | 0.7% | +0.7 pts | +76,000 sh | new |
| Exited | AMAZON COM INC (AMZN) | 0.7% | — | −0.7 pts | −2,119 sh | −100% |
| Exited | FERROGLOBE PLC (GSM) | 0.5% | — | −0.5 pts | −42,310 sh | −100% |
| Exited | BERRY CORP (BRY) | 0.3% | — | −0.3 pts | −15,271 sh | −100% |
| New | WHEELS UP EXPERIENCE INC (UP) | — | 0.2% | +0.2 pts | +77,912 sh | new |
The 50 largest of 53 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- BLUE APRON HLDGS INC (APRN): 09523Q200 → 09523Q309, 350K → 350K shares
Top 10 positions — 48.6% of the equity book
Changes in the top 10 this quarter: CMBT entered · NOG entered · CCRN entered · TA left · TNK left · ARCH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GREEN PLAINS INC (GPRE) | 19.1% | 16.5% | |
| 2 | NABORS INDS INC (NBR 0.75 01/15/24) | 5.7% | 5.2% | |
| 3 | EURONAV NV (CMBT) | 1.0% | 3.9% | Entered the top 10 |
| 4 | KBR INC (KBR) | 5.2% | 3.9% | |
| 5 | SEADRILL 2021 LTD (SDRL) | 6.8% | 3.9% | |
| 6 | NORTHERN OIL & GAS INC (NOG) | 0.0% | 3.5% | Entered the top 10 |
| 7 | CHORD ENERGY CORPORATION (CHRD) | 3.4% | 3.3% | |
| 8 | CHEMOURS CO (CC) | 6.0% | 2.9% | |
| 9 | CROSS CTRY HEALTHCARE INC (CCRN) | 0.0% | 2.8% | Entered the top 10 |
| 10 | ACORDA THERAPEUTICS INC (ACOR 6 12/01/24) | 2.9% | 2.6% | |
| — | TRAVELCENTERS OF AMERICA INC (TA) | 23.8% | 0.0% | Left the top 10 |
| — | TEEKAY TANKERS LTD (TNK) | 3.4% | 0.0% | Left the top 10 |
| — | ARCH RESOURCES INC (ARCH) | 3.0% | 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) | Put | 67,800 | 0 | $0 |
| Exited | AMAZON COM INC (AMZN) | Put | 75,000 | 0 | $0 |
| Increased | ISHARES TR (NYC) | Put | 70,000 | 108K | $20.2M |
| Exited | TESLA INC (TSLA) | Put | 36,000 | 0 | $0 |
| Exited | NVIDIA CORPORATION (NVDA) | Put | 25,000 | 0 | $0 |
| Increased | GREEN PLAINS INC (GPRE) | Call | 92,200 | 266K | $8.58M |
| Exited | KRANESHARES TR (KBUF) | Put | 180K | 0 | $0 |
| Exited | CHEMOURS CO (CC) | Call | 184K | 0 | $0 |
| Reduced | ARK ETF TR (ARKD) | Put | 186K | 47,500 | $2.1M |
| Exited | INTERNATIONAL BUSINESS MACHS (IBM) | Put | 40,000 | 0 | $0 |
| Exited | EURONAV NV (CMBT) | Call | 304K | 0 | $0 |
| Exited | UNITED STS OIL FD LP (USO) | Call | 66,500 | 0 | $0 |
| New | KRANESHARES TR (KBUF) | Call | 0 | 117K | $3.15M |
| Increased | GREEN PLAINS INC (GPRE) | Put | 104K | 186K | $6M |
| Exited | OLIN CORP (OLN) | Call | 50,000 | 0 | $0 |
| Exited | FREEPORT-MCMORAN INC (FCX) | Put | 60,000 | 0 | $0 |
| Exited | MOSAIC CO NEW (MOS) | Call | 38,000 | 0 | $0 |
| Exited | ARISTA NETWORKS INC (ANET) | Put | 9,800 | 0 | $0 |
| New | MGM RESORTS INTERNATIONAL (MGM) | Call | 0 | 36,000 | $1.58M |
| Exited | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | Put | 16,000 | 0 | $0 |
| Exited | WW INTL INC (WW) | Call | 50,000 | 0 | $0 |