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AGC
Alden Global Capital Portfolio holdings
AUM
$177M
1-Year Est. Return
32.31%
This Fund
S&P 500
This Quarter
Est. Return
+26.8%
1 Year Est. Return
+32.31%
3 Year Est. Return
+79.81%
5 Year Est. Return
+211.53%
10 Year Est. Return
+43.32%
AUM
$233M
AUM Growth
-$84.1M
(-27%)
Cap. Flow
-$133M
Cap. Flow
% of AUM
-57.28%
Top 10 Holdings %
Top 10 Hldgs %
93.64%
Holding
41
New
6
Increased
3
Reduced
5
Closed
25
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
W.P. Carey
WPC
|
+$12.3M |
| 2 |
STOR
STORE Capital Corporation
STOR
|
+$6.5M |
| 3 |
Simon Property Group
SPG
|
+$5.63M |
| 4 |
Sinclair Inc
SBGI
|
+$3.28M |
| 5 |
VER
VEREIT, Inc.
VER
|
+$3.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MGM Resorts International
MGM
|
+$27.5M |
| 2 |
Bank of America
BAC
|
+$12.4M |
| 3 |
Wynn Resorts
WYNN
|
+$11.7M |
| 4 |
Morgan Stanley
MS
|
+$10M |
| 5 |
JPMorgan Chase
JPM
|
+$9.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 82.06% |
| 2 | Real Estate | 12.32% |
| 3 | Consumer Discretionary | 1.49% |
| 4 | Financials | 1.08% |
| 5 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LNW
26
DELISTED
Light & Wonder
LNW
| – | – |
-136,664
| Closed | -$1.33M |
|
27
Las Vegas Sands
LVS
$29.8B
| – | – |
-143,800
| Closed | -$6.11M |
|
|
28
MGM Resorts International
MGM
$11.7B
| – | – |
-2,326,500
| Closed | -$27.5M |
|
|
29
Morgan Stanley
MS
$341B
| – | – |
-294,900
| Closed | -$10M |
|
30
Oaktree Specialty Lending
OCSL
$1.07B
| – | – |
-201,633
| Closed | -$1.96M |
|
31
PNC Financial Services
PNC
$101B
| – | – |
-20,000
| Closed | -$1.91M |
|
32
E.W. Scripps
SSP
$261M
| – | – |
-108,893
| Closed | -$821K |
|
33
Smith & Wesson
SWBI
$670M
| – | – |
-610,105
| Closed | -$3.89M |
|
34
Sixth Street Specialty
TSLX
$1.71B
| – | – |
-66,600
| Closed | -$927K |
|
35
United Airlines
UAL
$43B
| – | – |
-208,300
| Closed | -$6.57M |
|
36
US Bancorp
USB
$100B
| – | – |
-60,000
| Closed | -$2.07M |
|
37
Wells Fargo
WFC
$267B
| – | – |
-284,100
| Closed | -$8.15M |
|
|
38
Wynn Resorts
WYNN
$10.1B
| – | – |
-195,100
| Closed | -$11.7M |
|
|
HA
39
DELISTED
Hawaiian Holdings, Inc.
HA
| – | – |
-632,400
| Closed | -$6.6M |
|
|
HUD
40
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| – | – |
-250,000
| Closed | -$1.25M |
|
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Alden Global Capital's Q2 2020 Portfolio in Review
As of Q2 2020, Alden Global Capital held 41 positions worth $233M, down 27% from $317M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Alden Global Capital withdrew a net $133M in Q2 2020, closing 25 positions and reducing 5 holdings. Its most notable exit was MGM Resorts International, an estimated $27.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 82% of assets, up from 50% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Alden Global Capital opened a new position in W.P. Carey worth $13.1M.
- Alden Global Capital's largest Q2 2020 buy was W.P. Carey: 197,461 shares worth $13.1M.
- Alden Global Capital added most to Sinclair Inc in Q2 2020, an estimated $3.28M increase.
- Alden Global Capital's biggest Q2 2020 reduction was Outfront Media, cutting an estimated $7.67M.
- Alden Global Capital fully exited MGM Resorts International in Q2 2020, selling an estimated $27.5M.
- Alden Global Capital's ten largest holdings make up 94% of its $233M portfolio in Q2 2020.
- Alden Global Capital opened 6 new positions and closed 25 in Q2 2020.
- Alden Global Capital's portfolio value fell 27% quarter-over-quarter to $233M.
Based on Alden Global Capital's 13F filing for Q2 2020, filed 14 Aug 2020.