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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 | |
|---|---|---|---|---|---|---|
|
TPCO
1
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $115M | 49.55% |
11,544,213
| – | – |
|
2
Nexstar Media Group
NXST
$5.6B
| $23.8M | 10.23% |
284,500
+22,200
| +8% | +$1.67M |
|
|
3
Sinclair Inc
SBGI
$974M
| $22.2M | 9.55% |
1,204,105
+188,805
| +19% | +$3.28M |
|
|
PARA
4
DELISTED
Paramount Global Class B
PARA
| $15M | 6.45% |
643,900
-177,300
| -22% | -$3.42M |
|
|
5
W.P. Carey
WPC
$17.1B
| $13.1M | 5.62% |
+197,461
| New | +$12.3M |
|
|
STOR
6
DELISTED
STORE Capital Corporation
STOR
| $7.73M | 3.32% |
+324,800
| New | +$6.5M |
|
7
Gray Television
GTN
$407M
| $6.52M | 2.8% |
467,300
-519,000
| -53% | -$6.65M |
|
|
8
Simon Property Group
SPG
$74.5B
| $6.13M | 2.64% |
+89,700
| New | +$5.63M |
|
|
TDAY
9
USA Today Co
TDAY
$1.23B
| $4.08M | 1.75% |
2,956,600
-450,600
| -13% | -$594K |
|
10
Lee Enterprises
LEE
$166M
| $4.02M | 1.73% |
409,970
+52,240
| +15% | +$500K |
|
|
VER
11
DELISTED
VEREIT, Inc.
VER
| $3.74M | 1.61% |
+116,400
| New | +$3.24M |
|
|
BRSL
12
Brightstar Lottery PLC
BRSL
$1.91B
| $3.47M | 1.49% |
389,700
-251,100
| -39% | -$1.96M |
|
13
Citizens Financial Group
CFG
$30.4B
| $2.52M | 1.08% |
+100,001
| New | +$2.27M |
|
14
Outfront Media
OUT
$5.64B
| $924K | 0.4% |
66,242
-547,001
| -89% | -$7.67M |
|
15
Essential Properties Realty Trust
EPRT
$6.99B
| $803K | 0.35% |
+54,100
| New | +$745K |
|
16
American Airlines Group
AAL
$9.58B
| – | – |
-418,800
| Closed | -$5.11M |
|
17
Ares Capital
ARCC
$13.5B
| – | – |
-576,200
| Closed | -$6.21M |
|
|
18
Bank of America
BAC
$435B
| – | – |
-582,155
| Closed | -$12.4M |
|
19
Booking.com
BKNG
$138B
| – | – |
-49,350
| Closed | -$2.66M |
|
20
Boyd Gaming
BYD
$6.47B
| – | – |
-238,000
| Closed | -$3.43M |
|
21
Delta Air Lines
DAL
$55.9B
| – | – |
-272,300
| Closed | -$7.77M |
|
22
Gaming and Leisure Properties
GLPI
$12.8B
| – | – |
-66,441
| Closed | -$1.84M |
|
23
Goldman Sachs
GS
$313B
| – | – |
-55,700
| Closed | -$8.61M |
|
24
iHeartMedia
IHRT
$535M
| – | – |
-100,000
| Closed | -$731K |
|
|
25
JPMorgan Chase
JPM
$939B
| – | – |
-106,400
| Closed | -$9.58M |
|
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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.