# PM CAPITAL Ltd

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1630363. Source: https://holderbook.com/funds/1630363-pm-capital-ltd/

- Reported value: $425.8M
- Positions: 9
- Weight of the ten largest: 100.0%
- Filed: 2023-10-19

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APOLLO GLOBAL MGMT LLC | [APO](https://holderbook.com/stocks/APO/) | $100.2M | 1,116,739 | 23.5% | 20 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $88.1M | 2,045,124 | 20.7% | 14 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $61.2M | 2,234,968 | 14.4% | 20 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $44.3M | 1,084,162 | 10.4% | 20 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $43.8M | 1,175,788 | 10.3% | 20 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $30.3M | 208,929 | 7.1% | 20 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $21.0M | 382,515 | 4.9% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $19.0M | 665,781 | 4.5% | 16 |
| ARCH RESOURCES INC | [ARCH](https://holderbook.com/stocks/ARCH/) | $17.8M | 104,090 | 4.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2023 | -4.2% | -3.6% | -0.7% | 80% |
| Q2 2023 | +4.9% | +8.3% | -3.4% | 83% |
| Q1 2023 | +2.2% | +7.0% | -4.9% | 83% |
| Q4 2022 | +22.7% | +7.1% | +15.6% | 84% |
| Q3 2022 | -3.2% | -5.3% | +2.1% | 83% |
| Q2 2022 | -26.0% | -16.5% | -9.5% | 100% |
| Q1 2022 | +4.2% | -4.9% | +9.1% | 100% |
| Q4 2021 | +10.4% | +10.7% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $425.8M | 9 |
| Q2 2023 | $478.5M | 9 |
| Q1 2023 | $480.8M | 10 |
| Q4 2022 | $475.5M | 10 |
| Q3 2022 | $378.2M | 11 |
| Q2 2022 | $386.0M | 10 |
| Q1 2022 | $511.6M | 12 |
| Q4 2021 | $523.6M | 12 |
| Q3 2021 | $532.6M | 14 |
| Q2 2021 | $555.1M | 15 |
| Q1 2021 | $547.4M | 15 |
| Q4 2020 | $511.7M | 18 |