Deep Basin Capital LP
Reported holdings as of Q4 2020, from 9 quarterly filings.
This filer last reported in Q4 2020; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CIMAREX ENERGY CO CALL | XEC | $57.8M | 1,140,247 | +1.53pp | 9q | -46.0%-$49.2M | |
| PDC ENERGY INC | PDCE | $47.0M | 2,288,840 | -0.08pp | 4q | -46.0%-$40.1M | |
| CONCHO RES INC PUT | CXO | $40.5M | 419,007 | -2.25pp | 5q | -59.3%-$59.0M | |
| TARGA RES CORP PUT | TRGP | $36.1M | 868,399 | -2.26pp | 9q | -69.6%-$82.6M | |
| DEVON ENERGY CORP NEW PUT | DVN | $29.4M | 1,362,634 | -1.70pp | 9q | -63.2%-$50.7M | |
| BRIGHAM MINERALS INC | MNRL | $29.1M | 2,650,905 | -0.34pp | 5q | -32.4%-$14.0M | |
| COMSTOCK RES INC CALL | CRK | $28.4M | 5,640,294 | +1.03pp | 3q | +7.6%+$2.0M | |
| ANTERO RESOURCES CORP PUT | AR | $27.8M | options only | +2.16pp | 2q | OPTIONS | |
| EQT CORP | EQT | $26.2M | 2,059,167 | - | new | NEW | |
| HESS CORP PUT | HES | $25.6M | 259,689 | -0.88pp | 3q | -57.8%-$35.1M | |
| EXXON MOBIL CORP CALL+PUT | XOMXXXX | $23.7M | options only | +1.95pp | 2q | OPTIONS | |
| NEXTIER OILFIELD SOLUTIONS | NEX | $23.4M | 6,796,132 | +1.55pp | 3q | -4.6%-$1.1M | |
| CHART INDS INC PUT | GTLS | $22.3M | 88,953 | -2.63pp | 4q | -80.5%-$91.6M | |
| CNX RES CORP CALL | CNX | $20.1M | 1,306,791 | +1.66pp | 3q | +42.6%+$6.0M | |
| MAGNOLIA OIL & GAS CORP PUT | MGY | $18.4M | options only | - | new | OPTIONS | |
| CHENIERE ENERGY INC | LNG | $17.0M | 282,503 | -1.51pp | 9q | -36.6%-$9.8M | |
| STAR PEAK ENERGY TRANSITION | STPK | $16.9M | 823,796 | - | new | NEW | |
| EOG RES INC CALL+PUT UNVERIFIED ID | $16.2M | options only | - | new | OPTIONS | ||
| WPX ENERGY INC CALL | WPX | $16.1M | 1,598,566 | -3.39pp | 9q | -78.3%-$58.2M | |
| WILLIAMS COS INC PUT | WMB | $16.0M | options only | - | new | OPTIONS | |
| ROYAL DUTCH SHELL PLC | RDSA | $15.4M | 437,588 | - | new | NEW | |
| EQUINOR ASA | EQNR | $14.6M | 890,800 | +0.51pp | 2q | +4.5%+$625.8K | |
| SUNCOR ENERGY INC NEW | SU | $14.5M | 864,796 | - | new | NEW | |
| PARSLEY ENERGY INC | PE | $13.3M | 940,155 | -2.97pp | 5q | -77.4%-$45.8M | |
| TESLA INC PUT | TSLA | $13.1M | options only | -0.86pp | 2q | OPTIONS | |
| WESTERN MIDSTREAM PARTNERS L PUT | WES | $12.4M | options only | - | new | OPTIONS | |
| CONTINENTAL RES INC PUT | CLR | $12.2M | options only | +1.05pp | 3q | OPTIONS | |
| PLUG PWR INC PUT | PLUG | $11.0M | options only | - | new | OPTIONS | |
| SLB LIMITED CALL | SLB | $10.9M | options only | -0.17pp | 3q | OPTIONS | |
| VISTA ENERGY S.A.B. DE C.V. | VIST | $10.8M | 4,227,330 | +0.48pp | 6q | +17.8%+$1.6M | |
| CACTUS INC | WHD | $9.7M | 373,940 | -1.09pp | 6q | -63.5%-$16.9M | |
| RICE ACQUISITION CORP | RICEU | $9.6M | 845,171 | - | new | NEW | |
| RANGE RES CORP CALL | RRC | $8.7M | 402,124 | +0.57pp | 3q | HELD | |
| CENOVUS ENERGY INC PUT | CVE | $8.7M | options only | - | new | OPTIONS | |
| MURPHY OIL CORP CALL | MUR | $8.4M | 73,253 | -0.51pp | 3q | -85.7%-$50.4M | |
| OVINTIV INC CALL | OVV | $7.2M | options only | -0.88pp | 3q | OPTIONS | |
| FISKER INC PUT | FSRNQ | $6.6M | options only | - | new | OPTIONS | |
| GOODRICH PETE CORP | GDP | $6.4M | 631,227 | +0.28pp | 9q | +2.9%+$180.9K | |
| MARATHON OIL CORP CALL | MRO | $5.3M | options only | - | new | OPTIONS | |
| BALLARD PWR SYS INC NEW | BLDP | $2.0M | 84,890 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $315.6M | 42.7% |
| Autos & Aerospace | $13.1M | 1.8% |
| Semiconductors & Electronics | $13.0M | 1.8% |
| Other sectors | $9.7M | 1.3% |
| Not classified | $387.3M | 52.4% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2020 | +49.5% | +11.6% | +37.8% | 80% |
| Q3 2020 | -11.6% | +8.6% | -20.3% | 89% |
| Q2 2020 | +50.6% | +19.6% | +31.0% | 98% |
| Q1 2020 | -58.4% | -19.9% | -38.5% | 84% |
| Q4 2019 | +5.4% | +8.5% | -3.0% | 81% |
| Q3 2019 | -14.5% | +1.3% | -15.8% | 88% |
| Q2 2019 | -3.3% | +3.7% | -7.0% | 95% |
| Q1 2019 | +15.3% | +13.0% | +2.2% | 91% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q4 2020 | $738.7M | 40 | 14 | 5 | 15 | 13 | 47.1% | 47 |
| Q3 2020 | $816.3M | 39 | 11 | 14 | 6 | 20 | 57.9% | 44 |
| Q2 2020 | $690.3M | 48 | 20 | 14 | 10 | 9 | 51.5% | 45 |
| Q1 2020 | $394.4M | 37 | 11 | 10 | 12 | 16 | 47.8% | 45 |
| Q4 2019 | $1.0B | 42 | 6 | 10 | 18 | 10 | 45.7% | 45 |
| Q3 2019 | $1.3B | 46 | 13 | 8 | 15 | 8 | 51.8% | 45 |
| Q2 2019 | $1.5B | 41 | 14 | 16 | 5 | 6 | 57.9% | 45 |
| Q1 2019 | $1.1B | 33 | 10 | 17 | 5 | 6 | 58.4% | 44 |
| Q4 2018 | $787.8M | 29 | 0 | 0 | 0 | 0 | 58.1% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.