Tetragon Partners GP Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Tetragon Partners GP Ltd reported 13 stock positions worth $222.3 million. Its top holding was Uipath Class A (PATH) at 40.0% of the portfolio, followed by Autolus Therapeutics (AUTL, 13.1%) and Kolibri Global Energy (KGEI, 10.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 3 and reduced 2. The biggest buy was a new position in Informatica Class A (INFA) and the biggest sale Bally's (BALY, shares −81%).
- Most Recent 13F
- Q2 2026
- Location
- GRAND CAYMAN, E9
- CIK
- 0001515070
- Portfolio Value
- $222.3M (Q3 2024)
- SEC Filing
- 0000902664-24-006552 ↗ filed Nov 14, 2024
Holdings Value
Holdings 13 stocks · $222.3M
| PATH Uipath Inc. Class A | 40.01% | 6,950,000 | $89.0M | Add +15.8% |
| AUTL Autolus Therapeutics PLC | 13.06% | 8,000,000 | $29.0M | No change |
| KGEI Kolibri Global Energy Inc. | 10.18% | 7,070,568 | $22.6M | No change |
| TARS Tarsus Pharmaceuticals Inc. | 9.09% | 614,117 | $20.2M | Add +22.8% |
| CXM Sprinklr Inc. Class A | 7.65% | 2,200,000 | $17.0M | No change |
| LYFT LYFT Inc. Class A | 5.74% | 1,000,000 | $12.8M | No change |
| INFA Informatica Inc. Class A | 4.55% | 400,000 | $10.1M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 4.03% | 111,525 | $9.0M | Add +2.4% |
| BALY Bally's Corp. | 2.16% | 278,493 | $4.8M | Reduce -81.4% |
| ANNX Annexon Inc. | 2.09% | 784,355 | $4.6M | Reduce -37.6% |
| TECK Teck Resources Ltd.-CLS B | 0.60% | 25,487 | $1.3M | No change |
| SNOW Snowflake Inc. | 0.52% | 10,000 | $1.1M | No change |
| HBM Hudbay Minerals Inc. | 0.33% | 81,000 | $744K | New |
Options reported separately and not counted above: HYG puts ($36.9M), MPT calls ($3.8M).
Other holdings (9): bonds, preferreds, convertibles and warrants · $91.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 38,420,000 | $33.8M | No change |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 25,809,000 | $19.8M | Reduce -8.8% |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | 18,576,000 | $17.8M | Add +37.6% |
| OATLY GROUP AB (OTLY 9.25 09/14/28) | NOTE 9.250% 9/1 · principal | 14,489,602 | $10.4M | No change |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | 6,000,000 | $7.8M | Reduce -60.0% |
| CUTERA INC (CUTR 4 06/01/29) | NOTE 4.000% 6/0 · principal | 5,019,000 | $956K | No change |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 43,000 | $754K | Reduce -5.9% |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | 300,300 | $135K | Add +0.0% |
| SONWQ Gores Metropoulos II -CW28 | *W EXP 01/18/202 | 18,898 | $244 | No change |
Total filed on the 13F, all lines: $313.8M.
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
Options Activity Q2 2024 → Q3 2024
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Reduce -53.0% | 460,000 | $36.9M |
| MPT Medical Properties Trust Inc. | call | Add +0.3% | 642,500 | $3.8M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | Reduce -8.8% | 25,809,000 | $19.8M |
| SSR MINING INC (SSRMCN 2.5 04/01/39) | NOTE 2.500% 4/0 · principal | Add +37.6% | 18,576,000 | $17.8M |
| MARCUS CORPORATION (MCS 5 09/15/25) | NOTE 5.000% 9/1 · principal | Sold out | 8,000,000 | $9.6Mbefore exit |
| CYTOKINETICS INC (CYTK 3.5 07/01/27) | NOTE 3.500% 7/0 · principal | Reduce -60.0% | 6,000,000 | $7.8M |
| CUTERA INC (CUTR 2.25 06/01/28) | NOTE 2.250% 6/0 · principal | Sold out | 4,000,000 | $808Kbefore exit |
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | Reduce -5.9% | 43,000 | $754K |
| DSX.WS Diana Shipping Inc.-28 | *W EXP 12/14/202 | Add +0.0% | 300,300 | $135K |
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | Sold out | 46,400 | $114Kbefore exit |
| BLUAW Blueriver Acquisit A -CW26 | *W EXP 01/04/202 | Sold out | 16,639 | $251before exit |
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 | 32 | $614.3M | PATH, KGEI, AUTL, LYFT, DFTX |
| Q1 2026 | 34 | $508.9M | PATH, KGEI, WBD, WK, LYFT |
| Q4 2025 | 28 | $474.3M | PATH, KGEI, LYFT, AUTL, CXM |
| Q3 2025 | 34 | $414.0M | PATH, KGEI, LYFT, CXM, AUTL |
| Q2 2025 | 27 | $354.0M | PATH, KGEI, AUTL, CXM, LYFT |
| Q1 2025 | 23 | $254.6M | PATH, KGEI, CXM, INFA, AUTL |
| Q4 2024Amended | 17 | $234.4M | PATH, KGEI, AUTL, CXM, INFA |
| Q3 2024 | 13 | $222.3M | PATH, AUTL, KGEI, TARS, CXM |
| Q2 2024 | 13 | $213.8M | PATH, AUTL, KGEI, CXM, BALY |
| Q1 2024 | 11 | $211.9M | PATH, AUTL, CXM, KGEI, BALY |