Sonic GP LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Sonic GP LLC reported 14 stock positions worth $43.3 million. Its top holding was Fennec Pharmaceuticals (FENC) at 27.8% of the portfolio, followed by United Airlines (UAL, 14.7%) and Brighthouse Financial (BHF, 10.4%). Compared with Q2 2024, it opened 1 new position, sold out of 1 and reduced 3. The biggest buy was a new position in Six Flags Entertainment (FUN) and the biggest sale an exit from Cedar Fair.

Most Recent 13F
Q4 2024
Location
HONOLULU, HI
CIK
0001964290
Portfolio Value
$43.3M (Q3 2024)
SEC Filing
0001013594-24-000944 ↗ filed Nov 14, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $75.4M Q1 2024 Q2 2024: $48.2M Q2 2024 Q3 2024: $43.3M $43.3M Q3 2024 Q4 2024: $44.9M Q4 2024

Holdings 14 stocks · $43.3M
FENC Fennec Pharmaceuticals Inc. 27.82% 2,407,357 $12.0M No change
UAL United Airlines Holdings Inc. 14.74% 111,785 $6.4M No change
BHF Brighthouse Financial Inc. 10.41% 100,000 $4.5M No change
RGNX Regenxbio Inc. 9.77% 403,079 $4.2M Reduce -11.0%
ASTL Algoma Steel Group Inc. 9.46% 400,000 $4.1M No change
C Citigroup Inc. 5.89% 40,740 $2.6M Reduce -49.5%
PARAA Paramount Global Class B 4.91% 200,000 $2.1M No change
FUN Six Flags Entertainment Corp. 4.66% 50,000 $2.0M New
PRKS United Parks & Resorts Inc. 4.63% 39,579 $2.0M No change
REEAF Ree Automotive Ltd. Class A 2.13% 130,673 $923K No change
TROX Tronox Holdings PLC 2.13% 63,055 $922K No change
AUID Authid Inc. 1.67% 115,000 $723K Reduce -8.0%
MURA Mural Oncology PLC 1.21% 166,984 $523K No change
QURE Uniqure NV 0.57% 50,000 $247K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $483K (not counted above)
SecurityClassShares / PrincipalValueChange
ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 279,995$483KNo change

Total filed on the 13F, all lines: $43.8M.

Portfolio Sells Q2 2024 → Q3 2024
CEDAR FAIR LP Sold out 0.00% −5.64
C Citigroup Inc. Reduce -49.5% 5.89% −4.74
RGNX Regenxbio Inc. Reduce -11.0% 9.77% −1.23
AUID Authid Inc. Reduce -8.0% 1.67% −1.02

Portfolio Buys Q2 2024 → Q3 2024
FUN Six Flags Entertainment Corp. New 4.66% +4.66

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2024 14$44.9MFENC, UAL, BHF, ASTL, RGNX
Q3 2024 14$43.3MFENC, UAL, BHF, RGNX, ASTL
Q2 2024 14$48.2MFENC, UAL, RGNX, C, BHF
Q1 2024 14$75.4MFENC, RGNX, UAL, C, BHF