140 Summer Partners LP
140 Summer Partners LP is a hedge fund and SEC-registered investment advisor headquartered in New York, NY. The firm manages approximately $2.8 billion in regulatory assets under management and primarily serves institutional clients. With a reported team of about 10 advisors, 140 Summer Partners specializes in public securities investing, notably long/short equity and distressed debt strategies. The firm operates in the US and is designed to provide sophisticated investment management, leveraging deep market expertise.
Investment Strategy
140 Summer Partners LP employs a long/short equity strategy with a focus on US equities, complemented by exposure to distressed debt. The firm builds concentrated positions in both long and short investments and has a relatively high portfolio turnover. It manages risk through diversification across sectors and emphasizes capital preservation while seeking absolute returns. The investment process combines fundamental research, event-driven opportunities, and active trading decisions, aiming to outperform broader equity markets with lower volatility.
Top Holdings
Equity Positions (12)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C COF | CAPITAL ONE FINL CORP | 12.15% | $106.1M | 498,498 | $194.97 | $212.76 | +$59.9M |
A AER | AERCAP HOLDINGS NV | 10.22% | $89.2M | 762,150 | $74.04 | $117.00 | -$2.6M |
C COOP | MR COOPER GROUP INC | 8.02% | $70.0M | 469,306 | $102.28 | $149.21 | +$20.5M |
P PGR | PROGRESSIVE CORP | 7.28% | $63.5M | 238,123 | $166.55 | $266.86 | -$36.3M |
V VST | VISTRA CORP | 7.10% | $62.0M | 319,714 | $117.44 | $193.81 | +$5.1M |
Options Positions (4)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
E ENPH | ENPHASE ENERGY INC | New | Put | $46.0M | 11,590 | $39.65 | $39.65 | +11,590 | +$46.0M |
S SATS | ECHOSTAR CORP | New | Put | $35.5M | 12,800 | $27.70 | $27.70 | +12,800 | +$35.5M |
V VG | VENTURE GLOBAL INC | New | Put | $13.9M | 8,950 | $15.58 | $15.58 | +8,950 | +$13.9M |
H HE | HAWAIIAN ELEC INDUSTRIES | Sold | Put | $4.6M | 4,370 | $10.63 | $8.18 | -1,595 | -$1.9M |