Panning Capital Management

Panning Capital Management as of Sept. 30, 2013

Portfolio Holdings for Panning Capital Management

Panning Capital Management holds 18 positions in its portfolio as reported in the September 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ocwen Finl Corp Com New Call Option 31.1 $100M 1.8M 55.77
Genworth Finl Com Cl A Call Option (GNW) 22.6 $73M 5.7M 12.80
Lyon William Homes Cl A New 7.5 $24M 1.2M 20.32
Ishares Msci Emg Mkt Etf Put Option (EEM) 6.3 $20M 500k 40.76
General Mtrs *w Exp 07/10/201 5.1 $16M 881k 18.60
Kinder Morgan Inc Del *w Exp 05/25/201 4.9 $16M 3.2M 4.97
Southwest Airlines Call Option (LUV) 4.5 $15M 1.0M 14.56
Spdr Gold Trust Gold Shs Call Option (GLD) 4.0 $13M 100k 128.18
Radian Group Note 3.000%11/1 (Principal) 3.5 $11M 8.0M 1.43
Genco Shipping & Trading Note 5.000% 8/1 (Principal) 2.5 $7.9M 17M 0.48
Dynegy Inc New Del *w Exp 99/99/999 1.8 $5.8M 4.3M 1.35
Blackstone Group Com Unit Ltd Call Option 1.5 $5.0M 200k 24.89
Colony Finl Note 5.000% 4/1 (Principal) 1.1 $3.7M 3.5M 1.05
Baltic Trading Ltd cmn 0.9 $3.1M 625k 4.89
Royal Bk Scotland Group Spons Adr 20 Ord 0.9 $2.9M 250k 11.59
Dell 0.9 $2.8M 200k 13.75
Valero Energy Corporation (VLO) 0.5 $1.8M 52k 34.14
General Mtrs *w Exp 12/31/201 0.3 $973k 243k 4.00