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 |
AGN
Allergan plc
AGN
|
+$90.5M |
| 2 |
SANDISK CORP
SNDK
|
+$63.8M |
| 3 |
Walgreens Boots Alliance
WBA
|
+$55.9M |
| 4 |
Coca-Cola Europacific Partners
CCEP
|
+$53.8M |
| 5 |
New Oriental
EDU
|
+$52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$78.7M |
| 2 |
Alnylam Pharmaceuticals
ALNY
|
+$64.3M |
| 3 |
DANG
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
|
+$41.9M |
| 4 |
Las Vegas Sands
LVS
|
+$40.2M |
| 5 |
Herc Holdings
HRI
|
+$38.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.37% |
| 2 | Communication Services | 16.68% |
| 3 | Consumer Discretionary | 14.86% |
| 4 | Financials | 12.04% |
| 5 | Industrials | 11.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Avis
CAR
$4.5B
| $130M | 8.39% |
2,667,200
-180,000
| -6% | -$7.74M |
2013 Q2
3 quarters
|
|
2
Cheniere Energy
LNG
$62.2B
| $117M | 7.55% |
2,110,914
| – | – |
2013 Q2
3 quarters
|
|
|
AGN
3
DELISTED
Allergan plc
AGN
| $94.1M | 6.08% |
+457,000
| New | +$90.5M |
2014 Q1
0 quarters
|
|
|
GRA
4
DELISTED
W.R. Grace & Co.
GRA
| $81.7M | 5.28% |
823,800
+280,000
| +51% | +$27.6M |
2013 Q4
1 quarter
|
|
|
ENDP
5
DELISTED
Endo International plc
ENDP
| $80.5M | 5.2% |
1,172,000
-372,000
| -24% | -$26.4M |
2013 Q3
2 quarters
|
|
6
Enovis
ENOV
$1.65B
| $77.8M | 5.02% |
633,290
-69,720
| -10% | -$8.01M |
2013 Q2
3 quarters
|
|
7
Trip.com Group
TCOM
$27.5B
| $75.4M | 4.87% |
2,992,000
+688,000
| +30% | +$15.8M |
2013 Q2
3 quarters
|
|
|
TFCFA
8
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $74.2M | 4.79% |
2,321,000
+1,095,000
| +89% | +$35.8M |
2013 Q4
1 quarter
|
|
9
Booking.com
BKNG
$119B
| $72.8M | 4.7% |
1,527,500
+530,000
| +53% | +$26.2M |
2013 Q4
1 quarter
|
|
10
Berkshire Hathaway Class A
BRK.A
$1.25T
| $71.9M | 4.65% |
384
| – | – |
2013 Q2
3 quarters
|
|
|
11
DELISTED
SANDISK CORP
SNDK
| $70.1M | 4.53% |
+864,000
| New | +$63.8M |
2014 Q1
0 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$3.57T
| $65.6M | 4.24% |
2,364,831
| – | – |
2013 Q2
3 quarters
|
|
13
Groupon
GRPN
$513M
| $64.2M | 4.15% |
409,427
| – | – |
2013 Q2
3 quarters
|
|
14
American International
AIG
$43B
| $61.2M | 3.95% |
1,223,100
-141,000
| -10% | -$7.01M |
2013 Q2
3 quarters
|
|
|
15
DELISTED
Walgreens Boots Alliance
WBA
| $58.7M | 3.79% |
+889,000
| New | +$55.9M |
2014 Q1
0 quarters
|
|
|
16
Coca-Cola Europacific Partners
CCEP
$51.7B
| $56.4M | 3.64% |
+1,181,000
| New | +$53.8M |
2014 Q1
0 quarters
|
|
17
Intercontinental Exchange
ICE
$101B
| $53.2M | 3.44% |
1,345,000
| – | – |
2013 Q2
3 quarters
|
|
|
18
New Oriental
EDU
$8.18B
| $50.8M | 3.28% |
+1,729,404
| New | +$52M |
2014 Q1
0 quarters
|
|
19
KBR
KBR
$4.58B
| $40.4M | 2.61% |
+1,515,000
| New | +$45.7M |
2014 Q1
0 quarters
|
|
20
Liberty Global Class A
LBTYA
$3.54B
| $38.1M | 2.46% |
1,135,476
+204,543
| +22% | +$7.19M |
2013 Q2
3 quarters
|
|
21
Element Solutions
ESI
$8.26B
| $35.7M | 2.31% |
+1,875,000
| New | +$34M |
2014 Q1
0 quarters
|
|
|
FRX
22
DELISTED
FOREST LABORATORIES INC
FRX
| $35.3M | 2.28% |
+383,000
| New | +$30.9M |
2014 Q1
0 quarters
|
|
23
Liberty Global Class C
LBTYK
$3.47B
| $16M | 1.03% |
474,537
-208,530
| -31% | -$6.97M |
2013 Q2
3 quarters
|
|
|
DL
24
DELISTED
China Distance Education Holdings Limited
DL
| $13.5M | 0.87% |
+750,000
| New | +$16M |
2014 Q1
0 quarters
|
|
25
SPDR Gold Trust
GLD
$133B
| $13.1M | 0.85% |
106,000
| – | – |
2013 Q2
3 quarters
|
|
Similar funds
Alpha Wave Global's Q1 2014 Portfolio in Review
As of Q1 2014, Alpha Wave Global held 33 positions worth $1.55B, up 16% from $1.33B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Alpha Wave Global deployed $236M of net new capital in Q1 2014, opening 10 new positions and adding to 5 existing holdings. Its largest new stake was Allergan plc: 457,000 shares worth $94.1M.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 18% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Endo International plc, an estimated $26.4M trimmed.
- Alpha Wave Global's largest Q1 2014 buy was Allergan plc: 457,000 shares worth $94.1M.
- Alpha Wave Global added most to Twenty-First Century Fox, Inc. Class A in Q1 2014, an estimated $35.8M increase.
- Alpha Wave Global's biggest Q1 2014 reduction was Endo International plc, cutting an estimated $26.4M.
- Alpha Wave Global fully exited Meta Platforms (Facebook) in Q1 2014, selling an estimated $78.7M.
- Alpha Wave Global's ten largest holdings make up 57% of its $1.55B portfolio in Q1 2014.
- Alpha Wave Global opened 10 new positions and closed 7 in Q1 2014.
- Alpha Wave Global's portfolio value rose 16% quarter-over-quarter to $1.55B.
Based on Alpha Wave Global's 13F filing for Q1 2014, filed 15 May 2014.