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 |
Amazon
AMZN
|
+$60.2M |
| 2 |
The Kraft Heinz Company
KHC
|
+$58.1M |
| 3 |
Yum! Brands
YUM
|
+$43.7M |
| 4 |
Liberty Latin America Class C
LILAK
|
+$37.3M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$24.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allegion
ALLE
|
+$21.1M |
| 2 |
JD.com
JD
|
+$8.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.88% |
| 2 | Industrials | 20.65% |
| 3 | Communication Services | 20.27% |
| 4 | Healthcare | 17.22% |
| 5 | Energy | 10.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
LVNTA
1
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $188M | 12.09% |
4,157,000
| – | – |
2015 Q1
3 quarters
|
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $185M | 11.94% |
592,542
| – | – |
2014 Q1
7 quarters
|
|
3
Cheniere Energy
LNG
$62.2B
| $170M | 10.98% |
4,569,514
| – | – |
2013 Q2
10 quarters
|
|
4
DELISTED
Spirit AeroSystems
SPR
| $103M | 6.67% |
2,066,331
| – | – |
2014 Q3
5 quarters
|
|
|
5
Allegion
ALLE
$16.2B
| $101M | 6.54% |
1,538,344
-329,000
| -18% | -$21.1M |
2014 Q2
6 quarters
|
|
6
Meta Platforms (Facebook)
META
$1.61T
| $97.3M | 6.28% |
930,000
| – | – |
2015 Q2
2 quarters
|
|
|
7
JD.com
JD
$37.6B
| $89.9M | 5.8% |
2,786,000
-300,000
| -10% | -$8.85M |
2015 Q2
2 quarters
|
|
8
DELISTED
Six Flags Entertainment Corp.
SIX
| $83.1M | 5.36% |
1,513,038
+271,038
| +22% | +$14M |
2015 Q3
1 quarter
|
|
|
CDK
9
DELISTED
CDK Global, Inc.
CDK
| $78.1M | 5.03% |
1,644,741
| – | – |
2014 Q4
4 quarters
|
|
|
10
Amazon
AMZN
$2.88T
| $64.5M | 4.16% |
+1,910,000
| New | +$60.2M |
2015 Q4
0 quarters
|
|
11
DELISTED
Pandora Media Inc
P
| $62.6M | 4.04% |
4,670,900
| – | – |
2015 Q1
3 quarters
|
|
|
12
The Kraft Heinz Company
KHC
$28.7B
| $57.3M | 3.7% |
+788,000
| New | +$58.1M |
2015 Q4
0 quarters
|
|
13
Alnylam Pharmaceuticals
ALNY
$21.4B
| $46.3M | 2.99% |
491,713
| – | – |
2014 Q4
4 quarters
|
|
|
14
Yum! Brands
YUM
$43B
| $43.9M | 2.83% |
+835,991
| New | +$43.7M |
2015 Q4
0 quarters
|
|
|
15
Liberty Latin America Class C
LILAK
$1.92B
| $42.1M | 2.71% |
+1,143,668
| New | +$37.3M |
2015 Q4
0 quarters
|
|
16
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $37.2M | 2.4% |
608,000
| – | – |
2014 Q4
4 quarters
|
|
17
Netflix
NFLX
$265B
| $29.2M | 1.88% |
2,550,000
| – | – |
2015 Q3
1 quarter
|
|
|
MDCO
18
DELISTED
Medicines Co
MDCO
| $23.9M | 1.54% |
+640,000
| New | +$24.2M |
2015 Q4
0 quarters
|
|
|
19
CALL
DELISTED
Pandora Media Inc
P
| $18.8M | 1.21% |
1,400,000
-5,550,000
| -80% | -$82.7M |
2015 Q3
1 quarter
|
|
20
DELISTED
Vale S A
VALE.P
| $17M | 1.09% |
6,653,000
| – | – |
2014 Q4
4 quarters
|
|
21
Arbutus Biopharma
ABUS
$769M
| $11.6M | 0.75% |
2,618,000
| – | – |
2015 Q1
3 quarters
|
|
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Alpha Wave Global's Q4 2015 Portfolio in Review
As of Q4 2015, Alpha Wave Global held 21 positions worth $1.55B, up 7.3% from $1.45B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Alpha Wave Global deployed $208M of net new capital in Q4 2015, opening 5 new positions and adding to 1 existing holding. Its largest new stake was Amazon: 1,910,000 shares worth $64.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 17% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was Allegion, an estimated $21.1M trimmed.
- Alpha Wave Global's largest Q4 2015 buy was Amazon: 1,910,000 shares worth $64.5M.
- Alpha Wave Global added most to Six Flags Entertainment Corp. in Q4 2015, an estimated $14M increase.
- Alpha Wave Global's biggest Q4 2015 reduction was Allegion, cutting an estimated $21.1M.
- Alpha Wave Global's ten largest holdings make up 75% of its $1.55B portfolio in Q4 2015.
- Alpha Wave Global opened 5 new positions and closed 0 in Q4 2015.
- Alpha Wave Global's portfolio value rose 7.3% quarter-over-quarter to $1.55B.
Based on Alpha Wave Global's 13F filing for Q4 2015, filed 16 Feb 2016.