Pilgrim Global Advisors LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Pilgrim Global Advisors LLC reported 4 stock positions worth $453.7 million . Its top holding was Navios Maritime Partners (NMM) at 45.7% of the portfolio, followed by Tidewater (TDW, 34.8% ) and Sable Offshore (SOC, 19.3% ). Compared with Q4 2023, it opened 1 new position and added to 1. The biggest buy was a new position in Sable Offshore (SOC).
Location RENO, NV
CIK 0001963918
Portfolio Value $453.7M (Q1 2024) Holdings 4 stocks · $453.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 NMM Navios Maritime Partners LP 4,863,019 $207.3M Add +4.6% TDW Tidewater Inc. 1,717,951 $158.1M No change SOC Sable Offshore Corp. 8,000,001 $87.7M New NE Noble Corp. PLC 14,154 $686K No change
Options reported separately and not counted above: NMM puts ($5.8M), TDW puts ($1.8M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $645K (not counted above) Security Class Shares / Principal Value Change SABLE OFFSHORE CORP *W EXP 02/14/202 250,000 $645K New
Total filed on the 13F, all lines: $454.3M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ None this quarter.
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ SOC Sable Offshore Corp. New 19.33% +19.33 NMM Navios Maritime Partners LP Add +4.6% 45.68% −5.37
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ NMM Navios Maritime Partners LP put Reduce -69.8% 135,100 $5.8M NMM Navios Maritime Partners LP call Sold out 215,300 $4.4Mbefore exit TDW Tidewater Inc. put Add +9900.0% 20,000 $1.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ SABLE OFFSHORE CORP *W EXP 02/14/202 New 250,000 $645K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 3 $466.1M NMM, RIG, SOC Q1 2026 3 $772.4M NMM, SOC, RIG Q4 2025 3 $539.8M NMM, SOC, RIG Q3 2025 4 $514.9M NMM, SOC, RIG, TDW Q2 2025 4 $472.8M SOC, NMM, RIG, TDW Q1 2025 4 $529.5M SOC, NMM, RIG, TDW Q4 2024 4 $547.3M SOC, NMM, RIG, TDW Q3 2024 4 $635.4M NMM, SOC, RIG, TDW Q2 2024 4 $504.0M NMM, TDW, SOC, NE Q1 2024 4 $453.7M NMM, TDW, SOC, NE