PICTON MAHONEY ASSET MANAGEMENT

Q1 2014 13F-HR Holdings

Location
Toronto, A6
Holdings as of
3/31/2014
Date filed
5/5/2014
Form type
13F-HR
Num holdings
334
Total value ($000)
$1,729,505
Net value change ($000)
+12,784 (0.7%)
New positions
94
Sold out positions
116
Turnover %
48.9%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FOX CORP CLASS B 32,101 NEW
VMWA 21,906 NEW
ENCANA CORP 15,710 NEW
RESTORATION HARDWARE HLDGS I COM 15,006 NEW
CYTEC INDS INC 14,260 NEW
VZ 13,944 NEW
BMY 12,790 NEW
Hewlett-Packard Company 12,605 NEW
TIFFANY & CO 11,880 NEW
SOUTHWESTERN ENERGY CO 11,818 NEW
Top Reduces (Value $000, Stocks/ETFs)
GILD -52,353 -100.0%
AMZN -27,919 -95.3%
FUL -26,673 -100.0%
ONIT -19,862 -78.3%
GM -18,124 -82.5%
Alphabet Inc. Class C -15,559 -29.3%
GS -15,528 -100.0%
KAPSTONE PAPER & PACKAGING C -14,735 -100.0%
TWENTY FIRST CENTY FOX INC -14,363 -100.0%
GNC HOLDINGS, INC. -14,307 -94.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type