PC
P&S Credit Management, L.P. Historical SEC 13F Holdings & Archive (Q1 2024)
P&S Credit Management, L.P.CIK: 0001484159
Sector-focusedLong-term holderQuality / disciplined sizing
Total reported value
$62.5M
Reporting period: 2024-03-31 · Number of holdings: 14
P&S Credit Management, L.P. disclosed 14 holdings in its latest 13F filing for the period ending 2024-03-31, with total reported value of $62.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 67.26
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 24
- Sizing Uniformity
- 89.46
P&S Credit Management, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.168 — mathematically equivalent to about 6 equally-sized positions, well below its 14 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.05), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 26% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 12 holdings (of 14 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 29.29% | — | +45.83% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 20.79% | — | — | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 15.31% | — | -57.08% | |
| 4 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-Other | 6.69% | — | +8.00% | |
| 5 | CVX | Chevron CORP | Stock-Energy | 5.05% | — | — | |
| 6 | GM | General Motors Co | Stock-Consumer Disc | 4.72% | — | -18.73% | |
| 7 | FCX | Freeport-mcmoran Inc | Stock-Materials | 4.51% | — | -16.67% | |
| 8 | CLF | Cleveland-cliffs Inc | Stock-Materials | 4.37% | — | — | |
| 9 | XOM | Exxon Mobil CORP | Stock-Energy | 3.80% | — | — | |
| 10 | PBR | Petroleo Brasileiro-spon Adr | Stock-Energy | 2.07% | — | +88.89% | |
| 11 | SWN1EUR | Southwestern Energy Co | Stock-Other | 2.00% | — | — | |
| 12 | AR | Antero Resources CORP | Stock-Energy | 1.39% | — | -25.00% |
Portfolio Performance
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+29.2%
- Stdev
- +12.9%
- Beta
- +0.91
- Alpha
- +1.2%
- Max Drawdown
- -11.9%
- Annualized Perf
- +20.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.18
- Stutzer
- +0.44
- Treynor
- +0.21
- Sterling
- +1.26
- Calmar
- +1.7
- Information Ratio
- -0.11
- Tracking Error
- +5.5%
- Stdev Down
- +6.1%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +42.6%
- Worst 12 Months
- -0.1%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.5
- Stdev Sectors
- +12%
- Skewness
- -0.05
- Kurtosis
- -0.98
- Upside Potential
- +4.9
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is P&S Credit Management, L.P. and what type of investor is it?
P&S Credit Management, L.P. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2024-03-31), the firm manages a tracked equity portfolio valued at approximately $62.5M, spread across 14 disclosed positions.
What are P&S Credit Management, L.P.'s largest equity positions?
Based on the latest 13F filing, P&S Credit Management, L.P.'s top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $18.3M (29.3%)
2. Invesco Qqq Trust Series 1 (QQQ) — $13.0M (20.8%)
3. Ishares Russell 2000 ETF (IWM) — $9.6M (15.3%)
4. Ss Spdr S&p Og Exp & Prod (XOP) — $4.2M (6.7%)
5. Chevron CORP (CVX) — $3.2M (5.0%)
What changes did P&S Credit Management, L.P. make in its most recent portfolio filing?
No notable portfolio changes were recorded for P&S Credit Management, L.P. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does P&S Credit Management, L.P. focus on?
P&S Credit Management, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 47.5%
• Materials: 34.3%
• Consumer Discretionary: 18.2%
Investment Profile
P&S Credit Management, L.P. returned an annualized 20.3% over the trailing 36 months — outperforming the S&P 500 by 1.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 47.5% of the portfolio concentrated in Energy.
Its concentration score has fallen from 100 to 67 over the past 4 quarters — a shift toward broader diversification.
It has added to its XOM position over the past two quarters (+$1.3M, now $2.4M), while trimming AR over the same stretch (-$145.2K, still holding $870.0K).
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