Seaport Global Asset Management 13F annual report
Seaport Global Asset Management is an investment fund managing more than $39 million ran by Michael Ring. There are currently 95 companies in Mr. Ring’s portfolio. The largest investments include Workhorse Inc and Lordstown Motors, together worth $15.4 million.
$39 million Assets Under Management (AUM)
As of 15th November 2021, Seaport Global Asset Management’s top holding is 1,361,000 shares of Workhorse Inc currently worth over $10.4 million and making up 26.7% of the portfolio value.
Relative to the number of outstanding shares of Workhorse Inc, Seaport Global Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 622,526 shares of Lordstown Motors worth $4.97 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Weatherford Intl Plc worth $3.12 million and the next is Assured Guaranty Ltd worth $2.66 million, with 56,900 shares owned.
Currently, Seaport Global Asset Management's portfolio is worth at least $39 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Seaport Global Asset Management
The Seaport Global Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Ring serves as the Chief Financial Officer at Seaport Global Asset Management.
Recent trades
In the most recent 13F filing, Seaport Global Asset Management revealed that it had opened a new position in
Enovix Corporation and bought 63,000 shares worth $1.19 million.
The investment fund also strengthened its position in Lordstown Motors by buying
1,000 additional shares.
This makes their stake in Lordstown Motors total 622,526 shares worth $4.97 million.
Lordstown Motors dropped approximately 0.1% in the past year.
On the other hand, there are companies that Seaport Global Asset Management is getting rid of from its portfolio.
Seaport Global Asset Management closed its position in Yunji on 22nd November 2021.
It sold the previously owned 223,804 shares for $387 thousand.
Michael Ring also disclosed a decreased stake in Workhorse Inc by approximately 0.1%.
This leaves the value of the investment at $10.4 million and 1,361,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Seaport Global Asset Management are Oakbrook Investments and Opportunities Capital Management. They manage $39.2 million and $38.8 million respectively.
Michael Ring investment strategy
Seaport Global Asset Management’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 39.4% of
the total portfolio value.
The fund focuses on investments in the United States as
10.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
13% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $472 million.
The complete list of Seaport Global Asset Management trades based on 13F SEC filings
These positions were updated on November 22nd based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Workhorse Group Inc |
2.16%
1,361,000
|
$10,411,000 | 26.67% |
| Lordstown Motors Corp. |
0.16%
622,526
|
$4,967,000 | 12.72% |
| Weatherford Intl Plc |
1.55%
158,413
|
$3,115,000 | 7.98% |
| Assured Guaranty Ltd |
9.63%
56,900
|
$2,663,000 | 6.82% |
| Lee Enterprises, Inc. |
3.77%
107,404
|
$2,431,000 | 6.23% |
| North Mountain Merger Corp |
8.13%
166,413
|
$1,629,000 | 4.17% |
| Five Point Holdings LLC |
No change
190,554
|
$1,492,000 | 3.82% |
| Afc Gamma Inc |
105.31%
63,646
|
$1,373,000 | 3.52% |
| Pine Technology Acquisitn Co |
0.07%
137,080
|
$1,322,000 | 3.39% |
| Enovix Corporation |
Opened
63,000
|
$1,190,000 | 3.05% |
| Gx Acquisition Corp Ii |
0.99%
102,000
|
$991,000 | 2.54% |
| Hennessy Advisors Inc |
1.53%
90,000
|
$865,000 | 2.22% |
| Romeo Power Inc |
25.68%
88,100
|
$436,000 | 1.12% |
| Yunji Inc. |
Closed
223,804
|
$387,000 | |
| Chicken Soup For The Soul En |
Opened
16,796
|
$384,000 | 0.98% |
| Coliseum Acquisition Corp |
Opened
31,102
|
$302,000 | 0.77% |
| M3 Brigade Acquisition Ii Co |
No change
29,000
|
$287,000 | 0.74% |
| Evo Acquisition Corp |
No change
40,000
|
$268,000 | 0.69% |
| Macondray Cap Acquisitn Corp |
Opened
19,000
|
$186,000 | 0.48% |
| Kismet Acquisition Three Cor |
91.49%
18,000
|
$175,000 | 0.45% |
| Atlantic Coastal Acquistn Co |
6.67%
16,000
|
$155,000 | 0.40% |
| Lithium Amers Corp New |
Closed
10,000
|
$148,000 | |
| Colonnade Acquisition Corp I |
Opened
14,798
|
$144,000 | 0.37% |
| Tortoiseecofin Acquisition C |
Opened
14,500
|
$140,000 | 0.36% |
| Mission Advancement Corp. |
8.61%
14,337
|
$139,000 | 0.36% |
| B Riley Principal 150 Merger |
37.61%
13,899
|
$135,000 | 0.35% |
| Queens Gambit Growth Capital |
7.90%
13,651
|
$134,000 | 0.34% |
| D And Z Media Acquisition Co |
23.54%
13,654
|
$132,000 | 0.34% |
| Rosecliff Acquisition Corp I |
No change
13,200
|
$128,000 | 0.33% |
| TLG Acquisition One Corp. |
21.33%
12,740
|
$125,000 | 0.32% |
| Kismet Acquisition Two Corp |
41.76%
12,761
|
$124,000 | 0.32% |
| Colombier Acquisition Corp |
Opened
12,813
|
$123,000 | 0.32% |
| Interprivate Iii Financial P |
29.22%
12,405
|
$122,000 | 0.31% |
| Mason Industrial Technolgy I |
52.00%
12,160
|
$118,000 | 0.30% |
| Galata Acquisition Corp |
Opened
11,800
|
$116,000 | 0.30% |
| Clarim Acquisition Corp |
13.80%
11,305
|
$110,000 | 0.28% |
| Cartesian Growth Corp |
12.10%
11,210
|
$110,000 | 0.28% |
| African Gold Acquisition Cor |
No change
11,000
|
$106,000 | 0.27% |
| Fortress Capital Acquisition |
130.80%
9,232
|
$90,000 | 0.23% |
| Ejf Acquisition Corp |
4.73%
8,860
|
$87,000 | 0.22% |
| Slam Corp |
Opened
8,653
|
$85,000 | 0.22% |
| Mesa Air Group Inc. |
Opened
11,000
|
$84,000 | 0.22% |
| B Riley Prin 250 Merger Corp |
Opened
8,694
|
$83,000 | 0.21% |
| Northern Star Invest Corp |
61.54%
8,077
|
$79,000 | 0.20% |
| Healthcare Capital Corp. |
14.29%
8,000
|
$78,000 | 0.20% |
| Interprivate Iv Infratech Pr |
97.25%
7,890
|
$76,000 | 0.19% |
| Advanced Merger Partners Inc |
87.95%
7,518
|
$72,000 | 0.18% |
| Progress Acquisition Corp |
No change
7,000
|
$68,000 | 0.17% |
| Haymaker Acquisition Corp. II |
16.67%
7,000
|
$68,000 | 0.17% |
| Anzu Special Acquisitin Corp |
16.67%
7,000
|
$67,000 | 0.17% |
| Arrowroot Acquisition Corp |
No change
6,800
|
$66,000 | 0.17% |
| Sportstek Acquisition Corp |
No change
6,330
|
$61,000 | 0.16% |
| Healthcare Services Acqu Cor |
19.51%
6,126
|
$59,000 | 0.15% |
| Silver Crest Acquisition Cor |
20.00%
6,000
|
$58,000 | 0.15% |
| Atlas Crest Investment Corp. |
No change
6,000
|
$58,000 | 0.15% |
| Forest Road Acquisition Cor |
Opened
5,612
|
$54,000 | 0.14% |
| Seaport Global Acquisitn Cor |
No change
5,314
|
$53,000 | 0.14% |
| Cova Acquisition Corp |
Opened
5,300
|
$51,000 | 0.13% |
| Fusion Acquisition Corp. II |
Opened
5,173
|
$50,000 | 0.13% |
| Ftac Athena Acquisition Corp |
Opened
5,000
|
$49,000 | 0.13% |
| Adit EdTech Acquisition Corp. |
No change
5,000
|
$48,000 | 0.12% |
| Oyster Enterprises Acq Corp |
No change
5,000
|
$48,000 | 0.12% |
| Disruptive Acquisition Corp |
25.00%
5,000
|
$48,000 | 0.12% |
| Twelve Seas Investment Co Ii |
0.22%
4,610
|
$44,000 | 0.11% |
| Tcw Special Purpose Acqu Cor |
10.00%
4,400
|
$43,000 | 0.11% |
| Warrior Technologies Acqui C |
No change
4,000
|
$39,000 | 0.10% |
| Mdh Acquisition Corp |
No change
4,000
|
$39,000 | 0.10% |
| Property Solutions Acquisiti |
No change
4,000
|
$38,000 | 0.10% |
| Tastemaker Acquisition Corp. |
No change
3,650
|
$35,000 | 0.09% |
| Fintech Evolution Acquis Gro |
10.27%
3,308
|
$32,000 | 0.08% |
| Spartacus Acquisition Corp |
Closed
3,100
|
$31,000 | |
| Legato Merger Corp. |
Closed
3,000
|
$30,000 | |
| InterPrivate II Acquisition Corp. |
20.00%
3,000
|
$29,000 | 0.07% |
| Leo Holdings Iii Corp |
Opened
3,600
|
$29,000 | 0.07% |
| Growth Cap Acquisition Corp |
No change
3,000
|
$29,000 | 0.07% |
| Mcap Acquisition Corp |
No change
3,000
|
$29,000 | 0.07% |
| Kairos Acquisition Corp. |
No change
2,900
|
$28,000 | 0.07% |
| Vistas Media Acquisition Company Inc. |
Closed
2,660
|
$27,000 | |
| LightJump Acquisition Corporation |
No change
2,800
|
$27,000 | 0.07% |
| Vickers Vantage Corp. I |
27.03%
2,700
|
$27,000 | 0.07% |
| E Merge Tech Acquisition Corp |
No change
2,643
|
$25,000 | 0.06% |
| Jack Creek Investment Corp |
No change
2,250
|
$21,000 | 0.05% |
| Prime Impact Acquisition I |
No change
2,050
|
$20,000 | 0.05% |
| Atlantic Ave Acquisition Corp |
No change
2,000
|
$19,000 | 0.05% |
| Recharge Acquisition Corp. |
No change
2,000
|
$19,000 | 0.05% |
| Go Acquisition Corp |
No change
2,000
|
$19,000 | 0.05% |
| Pontem Corporation |
No change
2,000
|
$19,000 | 0.05% |
| Broadstone Acquisition Corp |
No change
2,000
|
$19,000 | 0.05% |
| Scp Co Healthcare Acqustn |
No change
2,000
|
$19,000 | 0.05% |
| Apollo Strategic Growth Capital |
No change
2,000
|
$19,000 | 0.05% |
| Pmv Consumer Acquisition Corp |
No change
2,000
|
$19,000 | 0.05% |
| Lionheart Acquisition Corp |
40.00%
1,500
|
$14,000 | 0.04% |
| Kismet Acquisition One Corp |
Closed
1,000
|
$10,000 | |
| Montes Archimedes Acquisition Corp |
Closed
1,000
|
$10,000 | |
| NavSight Holdings, Inc. |
Closed
1,000
|
$10,000 | |
| East Resources Acquisition Corp |
No change
1,000
|
$9,000 | 0.02% |
| Avanti Acquisition Corp. |
No change
1,000
|
$9,000 | 0.02% |
| Ig Acquisition Corp |
No change
1,000
|
$9,000 | 0.02% |
| Pivotal Investment Corp Iii |
Opened
1,000
|
$9,000 | 0.02% |
| Flame Acquisition Corp |
No change
800
|
$7,000 | 0.02% |
| Viveon Health Acquisition Co |
68.18%
700
|
$6,000 | 0.02% |
| Starboard Value Acquisition Corp. |
Closed
500
|
$5,000 | |
| Cohn Robbins Holdings Corp. |
No change
500
|
$4,000 | 0.01% |
| Li-cycle Holdings Corp |
Opened
1,000
|
$2,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 104 holdings | |||
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