In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Sonic GP LLC reported 14 stock positions worth $75.4 million . Its top holding was Fennec Pharmaceuticals (FENC) at 35.5% of the portfolio, followed by Regenxbio (RGNX, 15.2% ) and United Airlines (UAL, 10.9% ). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 1 and reduced 3. The biggest buy was Regenxbio (RGNX, shares +23% ) and the biggest sale an exit from Spirit Airlines (SAVEQ).
Location HONOLULU, HI
CIK 0001964290
Portfolio Value $75.4M (Q1 2024) Holdings 14 stocks · $75.4M Holdings quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 FENC Fennec Pharmaceuticals Inc. 2,407,357 $26.8M No change RGNX Regenxbio Inc. 543,079 $11.4M Add +22.6% UAL United Airlines Holdings Inc. 171,785 $8.2M No change C Citigroup Inc. 100,740 $6.4M No change BHF Brighthouse Financial Inc. 100,000 $5.2M Reduce -16.7% CEDAR FAIR LP 120,000 $5.0M Reduce -14.3% ASTL Algoma Steel Group Inc. 400,000 $3.4M No change PRKS United Parks & Resorts Inc. 54,233 $3.0M Reduce -45.8% VIRT Virtu Financial Inc. Class A 100,000 $2.1M No change TROX Tronox Holdings PLC 63,055 $1.1M No change AUID Authid Inc. 125,000 $954K No change MURA Mural Oncology PLC 166,984 $817K New REEAF Ree Automotive Ltd. Class A 130,673 $763K No change QURE Uniqure NV 50,000 $260K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $384K (not counted above) Security Class Shares / Principal Value Change ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 279,995 $384K No change
Total filed on the 13F, all lines: $75.8M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ SAVEQ Spirit Airlines Inc. Sold out 0.00% −13.26 PRKS United Parks & Resorts Inc. Reduce -45.8% 4.04% −2.06 ADVM Adverum Biotechnologies Inc. Sold out 0.00% −1.74 BHF Brighthouse Financial Inc. Reduce -16.7% 6.84% −0.50 CEDAR FAIR LP Reduce -14.3% 6.67% +0.23
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ RGNX Regenxbio Inc. Add +22.6% 15.18% +5.99 MURA Mural Oncology PLC New 1.08% +1.08
All Filings Quarter Positions 13F Reported Value Top Holdings Q4 2024 14 $44.9M FENC, UAL, BHF, ASTL, RGNX Q3 2024 14 $43.3M FENC, UAL, BHF, RGNX, ASTL Q2 2024 14 $48.2M FENC, UAL, RGNX, C, BHF Q1 2024 14 $75.4M FENC, RGNX, UAL, C, BHF