Sphinx Trading, LP
- SEC CIK
- 0000857956
- Latest filing
- Jan 31, 2022
The latest 13F from Sphinx Trading, LP covers Q4 2021 (filed Jan 31, 2022): 141 long positions worth $96.8M. The top 10 holdings make up 60.3% of the portfolio, and the largest is Angel Oak Financial Strategies Income Term Trust (FINS) at 21.9%. Livermore has 2 filings on Form 13F from this institution, going back to Q3 2021.
What changed in Q4 2021
Share counts compared with Q3 2021: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 46
- Est. +$23.0M
- Added
- 13
- Est. +$10.5M
- Reduced
- 20
- Est. −$4.81M
- Sold out
- 37
- Est. −$9.01M
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
Largest weight increases
New and added positions, by percentage points of the portfolio gained
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- B Riley Principal 150 Merger05601V103−$1.32MSold out
- Galata Acquisition CorpG3R23A108−$1.08MReduced
- Quantum Fintech Acquistin Co74767A105−$1.05MReduced
- B Riley Prin 250 Merger Corp05602L203−$989.1KReduced
- Seaport Global Acquisitn Cor812227114−$852.0KSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Galata Acquisition CorpG3R23A108−2.37 pp5.3% → 2.9%
- B Riley Prin 250 Merger Corp05602L203−2.32 pp5.9% → 3.6%
- Quantum Fintech Acquistin Co74767A105−1.86 pp3.5% → 1.7%
- B Riley Principal 150 Merger05601V103−1.75 pp1.8% → 0.0%
- GPREGreen Plains Inc.
Metrics
13F metrics for Q4 2021, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $96.8M
- +$21.4M (+28.4%) vs. prior quarter
- Positions
- 141
- +9 vs. prior quarter
- Top 10 concentration
- 60.3%
- Top 10 as share of value
- Turnover
- 16.1%
- Q4 2021, one quarter
- Average holding period
- 1.8 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q3 2021), so positions held before then are understated.
13F filings by quarter
2 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $96.8M (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q4 2021 | Jan 31, 2022 | 141 | $96.8M | FINSCrypto 1 Acquisition CorpOEC | vs. Q3 2021 | SEC |
| Q3 2021 | Oct 12, 2021 | 132 | $75.4M | FINSOECB Riley Prin 250 Merger Corp | – | SEC |
13D and 13G filings
Companies where Sphinx Trading, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.
Current stakes of 5% or more
Sphinx Trading, LP does not currently report owning 5% or more of any company.
Latest filings
1 filing on file made by Sphinx Trading, LP or listing it as a reporting person, newest first.
| Company | Filed (ET) | Filer | Form | Stake | Change | Event date | Filing |
|---|---|---|---|---|---|---|---|
| SQNSSequans Communications | Sep 26, 20254:44 PM ET | Asher Danieland 5 others | 13G | 5.03%82.9M shares | New | Sep 16, 2025 | SEC |