TP
T2 Partners Management, LP
Sector-focusedMomentum followerQuality / disciplined sizing
Total reported value
$50.4M
Reporting period: 2015-09-30 · Number of holdings: 16
T2 Partners Management, LP disclosed 16 holdings in its latest 13F filing for the period ending 2015-09-30, with total reported value of $50.4M and a quarterly turnover rate of 41.6%.
Personality snowflake
- Concentration
- 27.61
- Portfolio Stability
- 41.61
- Momentum/Contrarian
- 100
- Sector conviction
- 100
- Diversification
- 32
- Sizing Uniformity
- 96.66
Recent moves
Trim 72766Q105
+35.5% -$2.3M
Trim JBLU
-51.5% -$1.9M
Add BRK-B
+37.3% $1.0M
Trim RDI
-21.5% -$1.4M
Trim HHC*
+2.1% -$1.3M
Add M6787E101
-3.0% $411.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | HHC* | Howard Hughes Corp/the | Stock-Other | 11.73% | -1.32% | +2.12% | |
| 2 | ✓ | Platform Specialty Prods Cor Com Added | Stock-Other | 9.23% | -3.28% | +35.47% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 8.28% | +2.56% | +37.34% | |
| 4 | RDI | Reading International Inc-a | Stock-Other | 7.33% | -1.94% | -21.48% | |
| 5 | APD | Air Products & Chemicals INC | Stock-Materials | 6.76% | -0.57% | -10.23% | |
| 6 | CAR | Avis Budget Group INC | Stock-Other | 6.37% | +0.65% | +2.11% | |
| 7 | ✓ | Magicjack Vocaltec LTD | Stock-Other | 5.80% | +1.27% | -2.97% | |
| 8 | JBLU | Jetblue Airways CORP | Stock-Industrials | 5.58% | -2.85% | -51.53% | |
| 9 | UNP | Union Pacific CORP | Stock-Industrials | 5.49% | +5.49% | NEW | |
| 10 | DAL | Delta Air Lines INC | Stock-Industrials | 5.46% | -0.61% | -25.24% | |
| 11 | MU | Micron Technology INC | Stock-Tech | 5.40% | +0.74% | +32.30% | |
| 12 | ✓ | Sodastream Intl F | Stock-Other | 5.21% | -0.57% | +25.76% | |
| 13 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 5.11% | +5.11% | NEW | |
| 14 | ✓ | Spark Networks INC | Stock-Other | 4.62% | +0.40% | +6.01% | |
| 15 | GS | Goldman Sachs Group INC | Stock-Financials | 4.57% | -0.58% | -3.20% | |
| 16 | ✓ | Canadian Pacific Kansa F | Stock-Other | 3.05% | +3.05% | NEW |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2015-09-30 | 16 | $50.4M | 42 | |
| 2015-06-30 | 15 | $55.5M | 12 | |
| 2015-03-31 | 15 | $59.9M | 22 | |
| 2014-12-31 | 16 | $59.3M | 46 | |
| 2014-09-30 | 19 | $52.0M | 26 | |
| 2014-06-30 | 24 | $66.9M | 17 | |
| 2014-03-31 | 23 | $63.8M | 42 | |
| 2013-12-31 | 20 | $61.4M | 55 | |
| 2013-09-30 | 40 | $63.4M | 91 | |
| 2013-06-30 | 62 | $112.5M | 0 |
Holding changes this quarter
T2 Partners Management, LP's most significant position changes for 2015-09-30: New buy: Union Pacific CORP (UNP); New buy: American Electric Power Company, Inc. (AEP); Sold out: Hertz Global Holdings, Inc. (HTZ); Sold out: American Airlines Group INC (AAL); New buy: Canadian Pacific Kansa F.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | +2.6% | +37.34% | Add |
| 2 | ✓ | Magicjack Vocaltec LTD | +1.3% | -2.97% | Trim |
| 3 | MU | Micron Technology INC | +0.7% | +32.30% | Add |
| 4 | CAR | Avis Budget Group INC | +0.7% | +2.11% | Add |
| 5 | ✓ | Spark Networks INC | +0.4% | +6.01% | Add |
| 6 | APD | Air Products & Chemicals INC | -0.6% | -10.23% | Trim |
| 7 | ✓ | Sodastream Intl F | -0.6% | +25.76% | Add |
| 8 | GS | Goldman Sachs Group INC | -0.6% | -3.20% | Trim |
| 9 | DAL | Delta Air Lines INC | -0.6% | -25.24% | Trim |
| 10 | HHC* | Howard Hughes Corp/the | -1.3% | +2.12% | Add |
| 11 | RDI | Reading International Inc-a | -1.9% | -21.48% | Trim |
| 12 | JBLU | Jetblue Airways CORP | -2.9% | -51.53% | Trim |
| 13 | ✓ | Platform Specialty Prods Cor Com Added | -3.3% | +35.47% | Add |
| 14 | UNP | Union Pacific CORP | — | NEW | New buy |
| 15 | AEP | American Electric Power Company, Inc. | — | NEW | New buy |
| 16 | HTZ | Hertz Global Holdings, Inc. | — | EXIT | Sold out |
| 17 | AAL | American Airlines Group INC | — | EXIT | Sold out |
| 18 | ✓ | Canadian Pacific Kansa F | — | NEW | New buy |
FAQ
What is T2 Partners Management, LP and what type of investor is it?
T2 Partners Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2015-09-30), the firm manages a tracked equity portfolio valued at approximately $50.4M, spread across 16 disclosed positions.
What are T2 Partners Management, LP's largest equity positions?
Based on the latest 13F filing, T2 Partners Management, LP's top holdings by market value are:
1. Howard Hughes Corp/the (HHC*) — $5.9M (11.7%)
2. Platform Specialty Prods Cor Com Added — $4.6M (9.2%)
3. Berkshire Hathaway Inc-cl B (BRK-B) — $4.2M (8.3%)
4. Reading International Inc-a (RDI) — $3.7M (7.3%)
5. Air Products & Chemicals INC (APD) — $3.4M (6.8%)
What changes did T2 Partners Management, LP make in its most recent portfolio filing?
In the latest reported quarter, T2 Partners Management, LP made 18 notable position adjustments: 3 new positions were initiated, 7 existing holdings were added to, 6 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Union Pacific CORP (UNP); New buy: American Electric Power Company, Inc. (AEP); Sold out: Hertz Global Holdings, Inc. (HTZ); Sold out: American Airlines Group INC (AAL); New buy: Canadian Pacific Kansa F
What sectors does T2 Partners Management, LP focus on?
T2 Partners Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 54.1%
• Industrials: 23.1%
• Information Technology: 22.7%