Sonic GP LLC's Q3 2023 13F: 3 new positions, 4 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 23 reported positions · accession 0001013594-23-000916
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | UNITED STATES STL CORP NEW (X) | 5.0% | — | −5.0 pts | −300K sh | −100% |
| Reduced | MANCHESTER UTD PLC NEW (MANU) | 12.2% | 10.6% | −1.6 pts | −200K sh | −27% |
| Reduced | REGENXBIO INC (RGNX) | 9.9% | 8.3% | −1.6 pts | −225K sh | −30% |
| Exited | ENTERPRISE PRODS PARTNERS L (EPD) | 3.5% | — | −3.5 pts | −200K sh | −100% |
| Exited | BP PLC (BP) | 2.4% | — | −2.4 pts | −100K sh | −100% |
| Reduced | SIRIUSPOINT LTD (SPNT) | 3.0% | 3.0% | 0.0 pts | −200K sh | −40% |
| Reduced | BRIGHTHOUSE FINL INC (BHF) | 6.3% | 7.6% | +1.3 pts | −40,000 sh | −20% |
| Reduced | SPIRIT AIRLS INC (SAVEQ) | 6.9% | 8.0% | +1.1 pts | −100K sh | −17% |
| Exited | OLYMPIC STEEL INC (ZEUS) | 1.0% | — | −1.0 pts | −30,000 sh | −100% |
| Reduced | ALGOMA STL GROUP INC (ASTL) | 5.7% | 7.3% | +1.6 pts | −100K sh | −8% |
| New | GAOTU TECHEDU INC (GOTU) | — | 0.5% | +0.5 pts | +200K sh | new |
| Reduced | CEDAR FAIR L P (FUN) | 4.0% | 5.0% | +1.0 pts | −10,000 sh | −7% |
| New | CEL-SCI CORP (CVM) | — | 0.1% | +0.1 pts | +100K sh | new |
| New | SCULPTOR CAP MGMT (SCU) | — | 0.1% | +0.1 pts | +10,058 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- AUTHID INC (AUID): 46264C206 → 46264C305, 1M → 125K shares (share count change consistent with a stock split)
Top 10 positions — 82.8% of the equity book
Changes in the top 10 this quarter: GNW entered · X left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | FENNEC PHARMACEUTICALS INC (FENC) | 14.2% | 17.5% | |
| 2 | MANCHESTER UTD PLC NEW (MANU) | 12.2% | 10.6% | |
| 3 | REGENXBIO INC (RGNX) | 9.9% | 8.3% | |
| 4 | SPIRIT AIRLS INC (SAVEQ) | 6.9% | 8.0% | |
| 5 | BRIGHTHOUSE FINL INC (BHF) | 6.3% | 7.6% | |
| 6 | ALGOMA STL GROUP INC (ASTL) | 5.7% | 7.3% | |
| 7 | UNITED AIRLS HLDGS INC (UAL) | 6.3% | 7.1% | |
| 8 | SEAWORLD ENTMT INC (PRKS) | 5.6% | 6.7% | |
| 9 | CEDAR FAIR L P (FUN) | 4.0% | 5.0% | |
| 10 | GENWORTH FINL INC (GNW) | 2.8% | 4.7% | Entered the top 10 |
| — | UNITED STATES STL CORP NEW (X) | 5.0% | 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).