Terrapin Asset Management, LLC
Reported holdings as of Q3 2023, from 4 quarterly filings.
This filer last reported in Q3 2023; the most recent quarter on file across all filers is Q2 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
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SEAGEN INC OPT | SGEN | $11.6M | 14,000 | - | new | NEW | |
| ISHARES TR | TLT | $8.0M | 90,000 | +3.76pp | 2q | +125.0%+$4.4M | |
| ZOETIS INC OPT | ZTS | $7.0M | 17,500 | +3.29pp | 3q | +45.8%+$2.2M | |
| ALPHABET INC | GOOGL | $6.5M | 49,300 | +0.27pp | 2q | +7.9%+$471.1K | |
| SCREAMING EAGLE ACQUISITN CO | SCRM | $6.3M | 599,622 | -0.86pp | 4q | HELD | |
| SELECT SECTOR SPDR TR | XLE | $4.5M | 50,000 | +4.64pp | 2q | +941.7%+$4.1M | |
| CARLYLE CREDIT INCOME FUND | CCIF | $4.3M | 530,867 | -1.14pp | 3q | +12.2%+$472.1K | |
| LIONS GATE ENTMNT CORP | LGFB | $4.1M | 520,180 | -1.83pp | 4q | -13.5%-$639.5K | |
| SCULPTOR CAP MGMT | SCU | $3.7M | 321,180 | -0.29pp | 3q | -19.1%-$878.8K | |
| BRIDGETOWN HOLDINGS LTD | BTWN | $3.7M | 353,460 | -1.15pp | 4q | -11.8%-$489.4K | |
| FIRST HORIZON CORPORATION | FHN | $2.3M | 211,800 | -1.19pp | 4q | -13.5%-$363.7K | |
| BERKELEY LTS INC | CELL | $2.1M | 2,109,863 | - | new | NEW | |
| MECHANICS BANCORP | MCHB | $1.9M | 247,225 | - | new | NEW | |
| CITIZENS FINL SVCS INC | CZFS | $1.8M | 37,460 | -1.58pp | 2q | HELD | |
| INFLECTION PT ACQUISITN CRP | IPXX | $1.7M | 166,570 | - | new | NEW | |
| GLOBUS MED INC | GMED | $1.7M | 33,487 | -0.25pp | 2q | +20.1%+$277.9K | |
| SILICON MOTION TECHNOLOGY CO OPT | SIMO | $1.5M | 14,609 | - | new | NEW | |
| SPECTRUM BRANDS HOLDINGS INC | SPB | $1.4M | 17,374 | -3.15pp | 3q | -57.2%-$1.8M | |
| TORTOISEECOFIN ACQUISITION C | TRTLF | $1.3M | 123,793 | +0.22pp | 4q | +32.3%+$316.9K | |
| ALTRIA GROUP INC OPT | MO | $1.2M | 14,000 | -0.30pp | 4q | HELD | |
| FEUTUNE LIGHT ACQUISITION CO | FLFVU | $1.1M | 100,000 | -0.16pp | 4q | HELD | |
| ANDRETTI ACQUISITION CORP | WNNR | $1.1M | 100,000 | - | new | NEW | |
| ALTITUDE ACQUISITION CORP | ALTU | $875.6K | 86,269 | -0.12pp | 4q | HELD | |
| AVROBIO INC | AVRO | $860.5K | 558,787 | - | new | NEW | |
| TENX KEANE ACQUISITION | TENK | $807.8K | 75,000 | -0.10pp | 4q | HELD | |
| MAXLINEAR INC OPT | MXL | $688.0K | 16,921 | - | new | NEW | |
| INTERCEPT PHARMACEUTICALS IN OPT | ICPT | $665.6K | options only | - | new | OPTIONS | |
| MONTEREY CAP ACQUISITION COR | MCAC | $638.4K | 60,000 | -0.09pp | 4q | HELD | |
| NCL CORP LTD | $580.0K | 500,000 | -0.23pp | 4q | DEBT | ||
| ALPHATIME ACQUISITION CORP | ATMCU | $538.2K | 50,000 | -0.07pp | 4q | HELD | |
| AQUARON ACQUISITION CORP | AQUC | $535.5K | 50,000 | -0.06pp | 2q | HELD | |
| CETUS CAP ACQUISITION CORP | CETUU | $426.4K | 40,000 | -0.05pp | 3q | HELD | |
| PONO CAP TWO INC | PTWOU | $341.8K | 32,000 | -0.04pp | 4q | HELD | |
| BELLEVUE LIFE SCNCS AQSTN CO | BLACU | $322.9K | 30,000 | -0.05pp | 3q | HELD | |
| PONO CAP THREE INC | PTHRU | $318.3K | 30,000 | -0.04pp | 3q | HELD | |
| ISHARES TR | PFF | $301.5K | 10,000 | -0.06pp | 2q | HELD | |
| METAL SKY STAR ACQUISITION C | MSSAU | $219.2K | 20,000 | -0.03pp | 4q | HELD | |
| MARS ACQUISITION CORP | MARXU | $215.5K | 20,000 | -0.04pp | 3q | HELD | |
| GOLDEN ARROW MERGER CORP | GAMCU | $206.8K | 20,000 | -0.03pp | 4q | HELD | |
| OSIRIS ACQUISITION CORP | OSIU | $206.8K | 20,000 | -0.04pp | 4q | HELD | |
| FOUR LEAF ACQUISITION CORP | FORLU | $184.3K | 17,500 | -0.03pp | 3q | HELD | |
| INNOVATE CORP | VATE | $134.4K | 82,955 | -0.03pp | 4q | HELD | |
| DANIMER SCIENTIFIC INC | DNMRXXXX | $47.6K | 23,000 | -0.08pp | 2q | HELD | |
| TENX KEANE ACQUISITION | TENKR | $17.9K | 75,000 | flat | 4q | HELD |
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 |
|---|---|---|
| Biotech & Pharma | $7.0M | 8.0% |
| Software & IT Services | $6.5M | 7.3% |
| Banks & Lending | $6.1M | 6.9% |
| Funds & ETFs | $4.3M | 4.9% |
| Semiconductors & Electronics | $3.5M | 4.0% |
| Medical Devices | $1.7M | 1.9% |
| Other sectors | $1.3M | 1.5% |
| Not classified | $57.5M | 65.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2023 | $87.8M | 44 | 9 | 7 | 5 | 30 | 68.0% | 45 |
| Q2 2023 | $77.3M | 65 | 16 | 6 | 5 | 49 | 57.0% | 42 |
| Q1 2023 | $76.9M | 98 | 16 | 2 | 2 | 182 | 52.3% | 42 |
| Q4 2022 | $97.6M | 264 | 0 | 0 | 0 | 0 | 42.1% | 45 |
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.