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 |
OIBR
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
|
+$454M |
| 2 |
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
|
+$166M |
| 3 |
Alnylam Pharmaceuticals
ALNY
|
+$127M |
| 4 |
Vale S A
VALE.P
|
+$100M |
| 5 |
AGN
Allergan Inc
AGN
|
+$74.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola Europacific Partners
CCEP
|
+$74.9M |
| 2 |
Walgreens Boots Alliance
WBA
|
+$65.7M |
| 3 |
OI S.A. SPON ADR REPSTG 3 PFD SHS (BRA)
BTM
|
+$64.2M |
| 4 |
GRA
W.R. Grace & Co.
GRA
|
+$60.9M |
| 5 |
Trip.com Group
TCOM
|
+$58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 37% |
| 2 | Healthcare | 17.46% |
| 3 | Energy | 12.68% |
| 4 | Miscellaneous | 10.9% |
| 5 | Consumer Discretionary | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Cheniere Energy
LNG
$59.9B
| $234M | 12.68% |
3,327,914
+683,000
| +26% | +$48.2M |
2013 Q2
6 quarters
|
|
2
DELISTED
Spirit AeroSystems
SPR
| $206M | 11.14% |
4,782,331
+1,436,000
| +43% | +$58.1M |
2014 Q3
1 quarter
|
|
3
Avis
CAR
$4.38B
| $136M | 7.37% |
2,053,500
+292,000
| +17% | +$16.7M |
2013 Q2
6 quarters
|
|
|
4
Alnylam Pharmaceuticals
ALNY
$20.3B
| $133M | 7.18% |
+1,367,713
| New | +$127M |
2014 Q4
0 quarters
|
|
|
AGN
5
DELISTED
Allergan plc
AGN
| $110M | 5.98% |
429,167
| – | – |
2014 Q1
3 quarters
|
|
|
TFCFA
6
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $109M | 5.88% |
2,828,000
| – | – |
2013 Q4
4 quarters
|
|
7
Berkshire Hathaway Class A
BRK.A
$1.24T
| $108M | 5.87% |
480
| – | – |
2013 Q2
6 quarters
|
|
8
Allegion
ALLE
$16.1B
| $105M | 5.67% |
1,888,344
+249,000
| +15% | +$12.9M |
2014 Q2
2 quarters
|
|
9
Alibaba
BABA
$256B
| $98.7M | 5.35% |
950,000
| – | – |
2014 Q3
1 quarter
|
|
|
10
DELISTED
Vale S A
VALE.P
| $89.3M | 4.83% |
+12,295,483
| New | +$100M |
2014 Q4
0 quarters
|
|
|
CDK
11
DELISTED
CDK Global, Inc.
CDK
| $84.5M | 4.58% |
+2,074,000
| New | +$73.5M |
2014 Q4
0 quarters
|
|
12
Delta Air Lines
DAL
$60.7B
| $84.4M | 4.57% |
+1,716,000
| New | +$72.2M |
2014 Q4
0 quarters
|
|
|
AGN
13
DELISTED
Allergan Inc
AGN
| $79.3M | 4.29% |
+373,000
| New | +$74.2M |
2014 Q4
0 quarters
|
|
14
Booking.com
BKNG
$118B
| $77.6M | 4.2% |
1,702,500
+175,000
| +11% | +$7.9M |
2013 Q4
4 quarters
|
|
15
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $67.7M | 3.67% |
+1,102,000
| New | +$62.2M |
2014 Q4
0 quarters
|
|
16
DELISTED
SANDISK CORP
SNDK
| $64.3M | 3.48% |
656,000
-290,000
| -31% | -$27.7M |
2014 Q1
3 quarters
|
|
|
OIBR
17
DELISTED
OI S A SPONSORED ADR REPSTG PFD NEW (BRA)
OIBR
| $29.5M | 1.6% |
+9,245,523
| New | +$454M |
2014 Q4
0 quarters
|
|
|
18
CALL
Cheniere Energy
LNG
$59.9B
| $18.3M | 0.99% |
+260,000
| New | +$18.3M |
2014 Q4
0 quarters
|
|
|
OIBR.C
19
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| $12.1M | 0.66% |
724,404
+651,964
| +900% | +$166M |
2014 Q2
2 quarters
|
|
|
20
Coca-Cola Europacific Partners
CCEP
$51.6B
| – | – |
-1,689,000
| Closed | -$74.9M | – |
|
21
Element Solutions
ESI
$7.95B
| – | – |
-2,178,000
| Closed | -$54.5M | – |
|
22
SPDR Gold Trust
GLD
$135B
| – | – |
-106,000
| Closed | -$12.3M | – |
|
23
Herc Holdings
HRI
$5.51B
| – | – |
-505,000
| Closed | -$38.5M | – |
|
24
JD.com
JD
$38.2B
| – | – |
-1,292,000
| Closed | -$33.4M | – |
|
|
25
Trip.com Group
TCOM
$27.8B
| – | – |
-2,044,000
| Closed | -$58M | – |
|
Similar funds
Alpha Wave Global's Q4 2014 Portfolio in Review
As of Q4 2014, Alpha Wave Global held 28 positions worth $1.85B, up 19% from $1.55B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Alpha Wave Global deployed $782M of net new capital in Q4 2014, opening 8 new positions and adding to 6 existing holdings. Its largest new stake was OI S A SPONSORED ADR REPSTG PFD NEW (BRA): 9,245,523 shares worth $29.5M.
By sector, the portfolio is most concentrated in Industrials at 37% of assets, up from 22% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was SANDISK CORP, an estimated $27.7M trimmed.
- Alpha Wave Global's largest Q4 2014 buy was OI S A SPONSORED ADR REPSTG PFD NEW (BRA): 9,245,523 shares worth $29.5M.
- Alpha Wave Global added most to OI S.A. American Depositary Shares, each representing five shares of common stock in Q4 2014, an estimated $166M increase.
- Alpha Wave Global's biggest Q4 2014 reduction was SANDISK CORP, cutting an estimated $27.7M.
- Alpha Wave Global fully exited Coca-Cola Europacific Partners in Q4 2014, selling an estimated $74.9M.
- Alpha Wave Global's ten largest holdings make up 72% of its $1.85B portfolio in Q4 2014.
- Alpha Wave Global opened 8 new positions and closed 9 in Q4 2014.
- Alpha Wave Global's portfolio value rose 19% quarter-over-quarter to $1.85B.
Based on Alpha Wave Global's 13F filing for Q4 2014, filed 17 Feb 2015.