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Terrapin Asset Management, LLC Historical SEC 13F Holdings & Archive (Q3 2023)
Terrapin Asset Management, LLCCIK: 0001965645
Sector-focusedDiversified strategyLong-term holder
Total reported value
$87.8M
Reporting period: 2023-09-30 · Number of holdings: 52
Terrapin Asset Management, LLC disclosed 52 holdings in its latest 13F filing for the period ending 2023-09-30, with total reported value of $87.8M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 23.33
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 88
- Sizing Uniformity
- 87.34
Terrapin Asset Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.058 — mathematically equivalent to about 17 equally-sized positions, well below its 52 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.27), with a handful of outsized bets alongside many smaller positions.
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 22% 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 44 holdings (of 52 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SGENUSD | Seagen Inc | Stock-Other | 13.26% | — | — | |
| 2 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 9.09% | — | +125.00% | |
| 3 | ZTS | Zoetis Inc | Stock-Healthcare | 7.96% | — | +91.43% | |
| 4 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.35% | — | +7.88% | |
| 5 | ✓ | Screaming Eagle Acquisitn Co | Stock-Other | 7.14% | — | — | |
| 6 | XLE | Ss Energy Select Sector | ETF-Other | 5.15% | — | +941.67% | |
| 7 | CCIF | Carlyle Credit Income Fund | Stock-Other | 4.95% | — | +12.20% | |
| 8 | LGF-BEUR | Lions Gate Entertainment-b | Stock-Other | 4.66% | — | -13.51% | |
| 9 | 35OB | Sculptor Capital Management | Stock-Other | 4.24% | — | -19.09% | |
| 10 | ✓ | Bridgetown Holdings LTD | Stock-Other | 4.17% | — | -11.79% | |
| 11 | FHN | First Horizon CORP | Stock-Financials | 2.66% | — | -19.71% | |
| 12 | BLIUSD | Berkeley Lights Inc | Stock-Other | 2.40% | — | — | |
| 13 | MCHB | Mechanics Bancorp-a | Stock-Other | 2.19% | — | — | |
| 14 | CZFS | Citizens Financial Services | Stock-Other | 2.04% | — | -0.30% | |
| 15 | ✓ | Inflection Pt Acquisitn Crp | Stock-Other | 1.94% | — | — | |
| 16 | GMED | Globus Medical Inc - A | Stock-Healthcare | 1.89% | — | +20.07% | |
| 17 | SIMO | Silicon Motion Technol-adr | Stock-Other | 1.67% | — | — | |
| 18 | SPB | Spectrum Brands Holdings Inc | Stock-Other | 1.55% | — | -62.72% | |
| 19 | ✓ | Tortoiseecofin Acquisition C | Stock-Other | 1.48% | — | +32.32% | |
| 20 | MO | Altria Group Inc | Stock-Consumer Staples | 1.34% | — | — | |
| 21 | ✓ | Feutune Light Acquisition Co | Stock-Other | 1.24% | — | — | |
| 22 | POLE | Andretti Acquisition Corp. II | Stock-Other | 1.22% | — | — | |
| 23 | ✓ | Stock-Other | 1.00% | — | — | ||
| 24 | ✓ | Stock-Other | 0.98% | — | — | ||
| 25 | ✓ | Tenx Keane Acquisition | Stock-Other | 0.92% | — | — | |
| 26 | MXL | Maxlinear Inc | Stock-Other | 0.78% | — | — | |
| 27 | ICPTUSD | Intercept Pharmaceuticals In | Stock-Other | 0.76% | — | — | |
| 28 | ✓ | Stock-Other | 0.73% | — | — | ||
| 29 | NCLH 5.375 08-01-25Bond | Ncl Corporation LTD | Bond | 0.66% | — | — | |
| 30 | ✓ | Alphatime Acquisition CORP | Stock-Other | 0.61% | — | — | |
| 31 | AQUC | Aquaron Acquisition CORP | Stock-Other | 0.61% | — | — | |
| 32 | ✓ | Stock-Other | 0.49% | — | — | ||
| 33 | PONOU | Pono Capital Four, Inc. | Stock-Other | 0.39% | — | — | |
| 34 | ✓ | Bellevue Life Scncs Aqstn Co | Stock-Other | 0.37% | — | — | |
| 35 | ✓ | Stock-Other | 0.36% | — | — | ||
| 36 | PFF | Ishares Preferred & Income S | ETF-Other | 0.34% | — | — | |
| 37 | ✓ | Metal Sky Star Acquisition C | Stock-Other | 0.25% | — | — | |
| 38 | ✓ | Mars Acquisition CORP | Stock-Other | 0.25% | — | — | |
| 39 | ✓ | Stock-Other | 0.24% | — | — | ||
| 40 | ✓ | Golden Arrow Merger CORP | Stock-Other | 0.24% | — | — | |
| 41 | FORLU | Four Leaf Acquisition CORP | Stock-Other | 0.21% | — | — | |
| 42 | HCHCEUR | Innovate CORP | Stock-Other | 0.15% | — | — | |
| 43 | ✓ | Danimer Scientific Inc | Stock-Other | 0.05% | — | -46.51% | |
| 44 | ✓ | Stock-Other | 0.02% | — | — |
Portfolio Performance
Performance for Q3 2026
-3.3%
Performance Last 4 Quarters
+27.9%
Based on 51% of reported portfolio value with available pricing
- Stdev
- +19.2%
- Beta
- +1.07
- Alpha
- -2.4%
- Max Drawdown
- -10.2%
- Annualized Perf
- +15.2%
- Batting Avg vs S&P
- +40%
- Sortino
- +1.88
- Stutzer
- +0.26
- Treynor
- +0.15
- Sterling
- +0.83
- Calmar
- +1.5
- Information Ratio
- -0.11
- Tracking Error
- +11.8%
- Stdev Down
- +8.5%
- Winning Months %
- +56%
- Losing Months %
- +44%
- Best 12 Months
- +48.2%
- Worst 12 Months
- -1%
- Efficiency Ratio
- +0.33
- Sharpe
- +0.83
- Stdev Sectors
- +16.5%
- Skewness
- +1.25
- Kurtosis
- +2.34
- Upside Potential
- +3.91
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 Terrapin Asset Management, LLC and what type of investor is it?
Terrapin Asset Management, LLC 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 (2023-09-30), the firm manages a tracked equity portfolio valued at approximately $87.8M, spread across 52 disclosed positions.
What are Terrapin Asset Management, LLC's largest equity positions?
Based on the latest 13F filing, Terrapin Asset Management, LLC's top holdings by market value are:
1. Seagen Inc (SGENUSD) — $11.6M (13.3%)
2. Ishares 20+ Year Treasury Bd (TLT) — $8.0M (9.1%)
3. Zoetis Inc (ZTS) — $7.0M (8.0%)
4. Alphabet Inc-cl A (GOOGL) — $6.5M (7.3%)
5. Screaming Eagle Acquisitn Co — $6.3M (7.1%)
What changes did Terrapin Asset Management, LLC make in its most recent portfolio filing?
No notable portfolio changes were recorded for Terrapin Asset Management, LLC in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Terrapin Asset Management, LLC focus on?
Terrapin Asset Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 45.1%
• Communication Services: 33.6%
• Financials: 12.2%
• Consumer Staples: 6.1%
• Consumer Discretionary: 3.0%
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Investment Profile
Terrapin Asset Management, LLC returned an annualized 15.2% over the trailing 25 months — underperforming the S&P 500 by 2.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.07 (roughly in line with the market) and a 40% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 45.1% of the portfolio concentrated in Health Care.
It has added to its ZTS position over the past two quarters (+$6.0M, now $7.0M), while trimming LGF-BEUR over the same stretch (-$1.6M, still holding $4.1M).
Peer Institutions
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Portfolio Stability100.0
Sector conviction100.0
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YC
York Capital Management Global Advisors, LLC
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Total reported value
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Sector conviction0.0
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WF
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Sector conviction95.1
AUM within 0.1% of this institution
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Developer Access
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