Alpha Wave Global Portfolio holdings
Alpha Wave Global, known as Falcon Edge Capital until 2021, is an alternative asset manager with private equity, private credit, and insurance and retirement businesses. It was co-founded by Rick Gerson, its chairman and chief executive, with Navroz Udwadia and Ryan Khoury, and the three are among its principal owners alongside Judan Alternatives, an Abu Dhabi company that is a subsidiary of International Holding Company. Its Moraine funds take long and short positions in special situations such as spin-offs and acquisitions. Its private credit business aims to earn income by originating senior secured loans to companies. Its clients are investment funds, sovereign wealth funds and foreign official institutions.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cheniere Energy
LNG
|
+$79.1M |
| 2 |
American International
AIG
|
+$63.7M |
| 3 |
Avis
CAR
|
+$62.5M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$57.3M |
| 5 |
Herc Holdings
HRI
|
+$52.7M |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.8% |
| 2 | Industrials | 19.85% |
| 3 | Communication Services | 19.39% |
| 4 | Energy | 16.95% |
| 5 | Consumer Discretionary | 11.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Cheniere Energy
LNG
$59.2B
| $78.2M | 11.02% |
+2,815,400
| New | +$79.1M |
2013 Q2
0 quarters
|
|
|
2
American International
AIG
$43B
| $66.4M | 9.36% |
+1,484,600
| New | +$63.7M |
2013 Q2
0 quarters
|
|
|
3
Avis
CAR
$4.23B
| $59.7M | 8.42% |
+2,077,200
| New | +$62.5M |
2013 Q2
0 quarters
|
|
|
4
Berkshire Hathaway Class A
BRK.A
$1.25T
| $58.5M | 8.25% |
+347
| New | +$57.3M |
2013 Q2
0 quarters
|
|
|
5
Herc Holdings
HRI
$5.35B
| $53.7M | 7.57% |
+721,333
| New | +$52.7M |
2013 Q2
0 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$3.56T
| $49.2M | 6.94% |
+2,244,381
| New | +$47.5M |
2013 Q2
0 quarters
|
|
|
YHOO
7
DELISTED
Yahoo Inc
YHOO
| $42M | 5.93% |
+1,672,800
| New | +$42.4M |
2013 Q2
0 quarters
|
|
8
Trip.com Group
TCOM
$27.7B
| $33M | 4.65% |
+2,020,000
| New | +$27.6M |
2013 Q2
0 quarters
|
|
9
AB InBev
BUD
$166B
| $29.9M | 4.21% |
+330,900
| New | +$31.5M |
2013 Q2
0 quarters
|
|
10
Intercontinental Exchange
ICE
$98.5B
| $29.7M | 4.19% |
+835,000
| New | +$28M |
2013 Q2
0 quarters
|
|
11
Groupon
GRPN
$695M
| $29.6M | 4.17% |
+173,050
| New | +$23.4M |
2013 Q2
0 quarters
|
|
12
Yum! Brands
YUM
$45.4B
| $29.2M | 4.12% |
+585,611
| New | +$29M |
2013 Q2
0 quarters
|
|
13
Owens Corning
OC
$9.9B
| $27.4M | 3.86% |
+700,000
| New | +$29.2M |
2013 Q2
0 quarters
|
|
14
Liberty Global Class A
LBTYA
$3.37B
| $25.9M | 3.65% |
+853,335
| New | +$26.1M |
2013 Q2
0 quarters
|
|
15
Enovis
ENOV
$1.72B
| $23.4M | 3.31% |
+261,450
| New | +$21.6M |
2013 Q2
0 quarters
|
|
|
DANG
16
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $18M | 2.55% |
+2,600,000
| New | +$14M |
2013 Q2
0 quarters
|
|
17
Liberty Global Class C
LBTYK
$3.28B
| $17M | 2.39% |
+617,554
| New | +$17.3M |
2013 Q2
0 quarters
|
|
18
Netflix
NFLX
$277B
| $15.8M | 2.23% |
+5,250,000
| New | +$15.6M |
2013 Q2
0 quarters
|
|
19
SPDR Gold Trust
GLD
$138B
| $12.6M | 1.78% |
+106,000
| New | +$14.5M |
2013 Q2
0 quarters
|
|
20
CALL
Apple
AAPL
$5.16T
| $9.9M | 1.4% |
+700,000
| New | +$10.8M |
2013 Q2
0 quarters
|
|
Similar funds
Alpha Wave Global's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Alpha Wave Global, which disclosed 20 positions worth $709M. Its ten largest holdings account for 71% of the portfolio.
Its largest position is Cheniere Energy: 2,815,400 shares worth $78.2M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, followed by Industrials and Communication Services.
- Alpha Wave Global's largest Q2 2013 buy was Cheniere Energy: 2,815,400 shares worth $78.2M.
- Alpha Wave Global's ten largest holdings make up 71% of its $709M portfolio in Q2 2013.
- Alpha Wave Global disclosed 20 positions in Q2 2013, its first 13F filing on record.
Based on Alpha Wave Global's 13F filing for Q2 2013, filed 14 Aug 2013.