Saltoro Capital LP's Q1 2024 13F: 8 new positions, 20 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 17 reported positions · accession 0001420506-24-000934
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | TETRA TECHNOLOGIES INC DEL (TTI) | 9.2% | 4.8% | −4.4 pts | −420K sh | −79% |
| Reduced | FTAI AVIATION LTD (FTAI) | 4.7% | 4.6% | −0.1 pts | −19,501 sh | −74% |
| Exited | UNITED STS OIL FD LP (USO) | 8.9% | — | −8.9 pts | −35,000 sh | −100% |
| New | AMAZON COM INC (AMZN) | — | 7.0% | +7.0 pts | +4,000 sh | new |
| Exited | INTERNATIONAL SEAWAYS INC (INSW) | 5.8% | — | −5.8 pts | −33,290 sh | −100% |
| New | TALOS ENERGY INC (TALO) | — | 5.3% | +5.3 pts | +38,962 sh | new |
| Exited | INSMED INC (INSM) | 4.3% | — | −4.3 pts | −36,550 sh | −100% |
| Reduced | GREEN PLAINS INC (GPRE) | 11.1% | 22.0% | +10.9 pts | −17,415 sh | −15% |
| Exited | BLOCK INC (XYZ) | 3.8% | — | −3.8 pts | −13,000 sh | −100% |
| Exited | SUNRUN INC (RUN) | 3.8% | — | −3.8 pts | −50,000 sh | −100% |
| Exited | PERMIAN RESOURCES CORP (PR) | 3.6% | — | −3.6 pts | −70,000 sh | −100% |
| New | NVIDIA CORPORATION (NVDA) | — | 3.5% | +3.5 pts | +400 sh | new |
| Exited | PRESTIGE CONSMR HEALTHCARE I (PBH) | 3.3% | — | −3.3 pts | −14,000 sh | −100% |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | 3.2% | — | −3.2 pts | −5,600 sh | −100% |
| New |
ISHARES BITCOIN TR (IBIT)
new — newly listed security (e.g. spin-off)
|
— | 3.2% | +3.2 pts | +8,000 sh | new |
| New | ARCH RESOURCES INC (ARCH) | — | 3.1% | +3.1 pts | +2,000 sh | new |
| Exited | OLIN CORP (OLN) | 2.9% | — | −2.9 pts | −14,000 sh | −100% |
| Exited | IMAX CORP (IMAX) | 2.9% | — | −2.9 pts | −50,000 sh | −100% |
| New | TRIUMPH GROUP INC NEW (TGI) | — | 2.8% | +2.8 pts | +19,288 sh | new |
| Exited | EURONAV NV (CMBT) | 2.7% | — | −2.7 pts | −39,449 sh | −100% |
| Reduced | NEWPARK RES INC (NPKI) | 4.2% | 9.2% | +5.0 pts | −35,074 sh | −21% |
| Exited | ARIS MNG CORP (ARMN) | 2.4% | — | −2.4 pts | −190K sh | −100% |
| Exited | OMEROS CORP (OMER 5.25 02/15/26) | 2.3% | — | −2.3 pts | −1M sh | −100% |
| New | FREEPORT-MCMORAN INC (FCX) | — | 2.3% | +2.3 pts | +5,000 sh | new |
| Exited | ESPERION THERAPEUTICS INC NE (ESPR 4 11/15/25) | 2.3% | — | −2.3 pts | −1M sh | −100% |
| New | PAR TECHNOLOGY CORP (PAR) | — | 2.2% | +2.2 pts | +5,000 sh | new |
| Exited | ALPHA METALLURGICAL RESOUR I (AMR) | 2.2% | — | −2.2 pts | −1,692 sh | −100% |
| Exited | GLOBALSTAR INC (GSAT) | 2.1% | — | −2.1 pts | −285K sh | −100% |
| Exited | EVOLENT HEALTH INC (EVH) | 1.9% | — | −1.9 pts | −15,000 sh | −100% |
| Exited | CHESAPEAKE ENERGY CORP (CHKEL) | 1.7% | — | −1.7 pts | −7,302 sh | −100% |
| Exited | CHEMOURS CO (CC) | 1.2% | — | −1.2 pts | −10,172 sh | −100% |
| Exited | XERIS BIOPHARMA HOLDINGS INC (XERS 5 07/15/25) | 1.0% | — | −1.0 pts | −250K sh | −100% |
| New | ENCORE CAP GROUP INC (ECPG 4 03/15/29) | — | 0.9% | +0.9 pts | +100K sh | new |
| Increased | DELTA AIR LINES INC DEL (DAL) | 1.8% | 5.6% | +3.8 pts | +400 sh | +3% |
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 — 85.2% of the equity book
Changes in the top 10 this quarter: ACOR 6 12/01/24 entered · AMZN entered · DAL entered · TALO entered · NVDA entered · USO left · INSW left · INSM left · XYZ left · RUN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GREEN PLAINS INC (GPRE) | 11.1% | 22.0% | |
| 2 | VERITONE INC (VERI 1.75 11/15/26) | 3.8% | 14.8% | |
| 3 | NEWPARK RES INC (NPKI) | 4.2% | 9.2% | |
| 4 | ACORDA THERAPEUTICS INC (ACOR 6 12/01/24) | 2.8% | 8.3% | Entered the top 10 |
| 5 | AMAZON COM INC (AMZN) | 0.0% | 7.0% | Entered the top 10 |
| 6 | DELTA AIR LINES INC DEL (DAL) | 1.8% | 5.6% | Entered the top 10 |
| 7 | TALOS ENERGY INC (TALO) | 0.0% | 5.3% | Entered the top 10 |
| 8 | TETRA TECHNOLOGIES INC DEL (TTI) | 9.2% | 4.8% | |
| 9 | FTAI AVIATION LTD (FTAI) | 4.7% | 4.6% | |
| 10 | NVIDIA CORPORATION (NVDA) | 0.0% | 3.5% | Entered the top 10 |
| — | UNITED STS OIL FD LP (USO) | 8.9% | 0.0% | Left the top 10 |
| — | INTERNATIONAL SEAWAYS INC (INSW) | 5.8% | 0.0% | Left the top 10 |
| — | INSMED INC (INSM) | 4.3% | 0.0% | Left the top 10 |
| — | BLOCK INC (XYZ) | 3.8% | 0.0% | Left the top 10 |
| — | SUNRUN INC (RUN) | 3.8% | 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 |
|---|---|---|---|---|---|
| New | SPDR S&P 500 ETF TR (SPY) | Put | 0 | 80,000 | $41.8M |
| New | ISHARES TR (NYC) | Put | 0 | 80,000 | $16.8M |
| Exited | ARK ETF TR (ARKD) | Put | 140K | 0 | $0 |
| Exited | NORTHERN OIL & GAS INC (NOG) | Call | 85,000 | 0 | $0 |
| New | ALIBABA GROUP HLDG LTD (BBAAY) | Call | 0 | 40,000 | $2.89M |
| New | ALIBABA GROUP HLDG LTD (BABA) | Put | 0 | 40,000 | $2.89M |
| New | ROYAL CARIBBEAN GROUP (RCL) | Call | 0 | 15,000 | $2.09M |
| New | ROYAL CARIBBEAN GROUP (RCL) | Put | 0 | 15,000 | $2.09M |
| Exited | PATTERSON-UTI ENERGY INC (PTEN) | Call | 80,000 | 0 | $0 |