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 |
QCP
Quality Care Properties, Inc.
QCP
|
+$9.04M |
| 2 |
Liberty Media Corporation Series C Common Stock
FWONK
|
+$3.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$138M |
| 2 |
Cheniere Energy
LNG
|
+$53M |
| 3 |
AGN
Allergan plc
AGN
|
+$43.9M |
| 4 |
Yum! Brands
YUM
|
+$32.7M |
| 5 |
TransDigm Group
TDG
|
+$27.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 30.55% |
| 2 | Communication Services | 14.67% |
| 3 | Industrials | 13.23% |
| 4 | Technology | 11.34% |
| 5 | Consumer Discretionary | 10.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$467B
| $82.6M | 14.49% |
+600,000
| New | +$82.5M |
2017 Q2
0 quarters
|
|
|
2
CALL
Cheniere Energy
LNG
$59.6B
| $81.3M | 14.27% |
+1,670,000
| New | +$79.7M |
2017 Q2
0 quarters
|
|
3
CSX Corp
CSX
$96.4B
| $34.7M | 6.09% |
1,908,300
-32,700
| -2% | -$560K |
2016 Q4
2 quarters
|
|
4
Meta Platforms (Facebook)
META
$1.64T
| $32.9M | 5.77% |
217,700
-41,500
| -16% | -$6.17M |
2015 Q2
8 quarters
|
|
|
QCP
5
DELISTED
Quality Care Properties, Inc.
QCP
| $31.6M | 5.54% |
1,724,200
+503,200
| +41% | +$9.04M |
2017 Q1
1 quarter
|
|
6
DELISTED
Liberty Broadband Class C
LBRDK
| $30.5M | 5.35% |
351,900
-196,200
| -36% | -$17.2M |
2016 Q1
5 quarters
|
|
7
Amazon
AMZN
$2.88T
| $28.5M | 5% |
589,000
-208,000
| -26% | -$9.9M |
2015 Q4
6 quarters
|
|
8
The Kraft Heinz Company
KHC
$30.2B
| $27.8M | 4.88% |
324,700
-113,300
| -26% | -$10.3M |
2015 Q4
6 quarters
|
|
9
Salesforce
CRM
$187B
| $26M | 4.56% |
300,400
-58,600
| -16% | -$5.1M |
2016 Q4
2 quarters
|
|
10
Intercontinental Exchange
ICE
$97.8B
| $25.4M | 4.45% |
385,100
-129,400
| -25% | -$7.94M |
2016 Q3
3 quarters
|
|
11
Microsoft
MSFT
$4.13T
| $25.3M | 4.44% |
367,200
-104,500
| -22% | -$7.17M |
2016 Q1
5 quarters
|
|
|
12
TransDigm Group
TDG
$67.3B
| $20.5M | 3.59% |
76,100
-109,400
| -59% | -$27.8M |
2017 Q1
1 quarter
|
|
|
13
Liberty Media Corporation Series C Common Stock
FWONK
$24.8B
| $20.3M | 3.55% |
571,962
+102,395
| +22% | +$3.4M |
2017 Q1
1 quarter
|
|
|
CDK
14
DELISTED
CDK Global, Inc.
CDK
| $20.2M | 3.55% |
326,141
-176,300
| -35% | -$11.1M |
2014 Q4
10 quarters
|
|
15
New Oriental
EDU
$8.07B
| $18.8M | 3.3% |
267,000
-245,000
| -48% | -$16.8M |
2016 Q4
2 quarters
|
|
16
Expedia Group
EXPE
$37.9B
| $15.2M | 2.67% |
102,300
-101,900
| -50% | -$14.3M |
2016 Q1
5 quarters
|
|
17
Autodesk
ADSK
$56.4B
| $13.3M | 2.33% |
132,000
-98,000
| -43% | -$9.7M |
2016 Q1
5 quarters
|
|
|
QCP
18
CALL
DELISTED
Quality Care Properties, Inc.
QCP
| $10.3M | 1.8% |
+560,000
| New | +$10.1M |
2017 Q2
0 quarters
|
|
19
Bank of America
BAC
$356B
| $10.1M | 1.77% |
416,000
-497,000
| -54% | -$11.6M |
2016 Q4
2 quarters
|
|
20
Advance Auto Parts
AAP
$3.07B
| $9.34M | 1.64% |
80,100
| – | – |
2016 Q1
5 quarters
|
|
21
MakeMyTrip
MMYT
$4.77B
| $5.48M | 0.96% |
163,289
-33,600
| -17% | -$1.17M |
2017 Q1
1 quarter
|
|
22
Arbutus Biopharma
ABUS
$804M
| – | – |
-1,115,263
| Closed | -$3.62M | – |
|
|
23
Cheniere Energy
LNG
$59.6B
| – | – |
-1,110,941
| Closed | -$53M | – |
|
24
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| – | – |
-860,000
| Closed | -$203M | – |
|
|
25
Yum! Brands
YUM
$45.4B
| – | – |
-512,000
| Closed | -$32.7M | – |
|
Similar funds
Alpha Wave Global's Q2 2017 Portfolio in Review
As of Q2 2017, Alpha Wave Global held 28 positions worth $570M, down 43% from $1B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Alpha Wave Global withdrew a net $435M in Q2 2017, closing 7 positions and reducing 15 holdings. Its most notable exit was Yahoo Inc, an estimated $138M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 31% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Alpha Wave Global added an estimated $9.04M to Quality Care Properties, Inc..
- Alpha Wave Global added most to Quality Care Properties, Inc. in Q2 2017, an estimated $9.04M increase.
- Alpha Wave Global's biggest Q2 2017 reduction was TransDigm Group, cutting an estimated $27.8M.
- Alpha Wave Global fully exited Yahoo Inc in Q2 2017, selling an estimated $138M.
- Alpha Wave Global's ten largest holdings make up 70% of its $570M portfolio in Q2 2017.
- Alpha Wave Global opened 3 new positions and closed 7 in Q2 2017.
- Alpha Wave Global's portfolio value fell 43% quarter-over-quarter to $570M.
Based on Alpha Wave Global's 13F filing for Q2 2017, filed 14 Aug 2017.