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 |
Willis Towers Watson
WTW
|
+$82.7M |
| 2 |
AtaiBeckley Inc
ATAI
|
+$48.5M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$46.8M |
| 4 |
PACX
Pioneer Merger Corp. Class A Ordinary Share
PACX
|
+$43.7M |
| 5 |
SRNG
Soaring Eagle Acquisition Corp. Class A Ordinary Share
SRNG
|
+$40.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vipshop
VIPS
|
+$48.3M |
| 2 |
PACXU
Pioneer Merger Corp. Unit
PACXU
|
+$43.3M |
| 3 |
KSU
Kansas City Southern
KSU
|
+$37.8M |
| 4 |
VNET Group
VNET
|
+$37.5M |
| 5 |
Workday
WDAY
|
+$33.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.93% |
| 2 | Technology | 12.74% |
| 3 | Healthcare | 11.8% |
| 4 | Industrials | 10.64% |
| 5 | Communication Services | 8.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Willis Towers Watson
WTW
$30.9B
| $76.5M | 4.89% |
+332,667
| New | +$82.7M |
2021 Q2
0 quarters
|
|
|
ALXN
2
DELISTED
Alexion Pharmaceuticals
ALXN
| $70.6M | 4.51% |
384,522
-17,243
| -4% | -$2.96M |
2021 Q1
1 quarter
|
|
|
AVAN
3
DELISTED
Avanti Acquisition Corp.
AVAN
| $69.8M | 4.46% |
7,170,000
| – | – |
2020 Q4
2 quarters
|
|
4
Porch Group
PRCH
$2.41B
| $59.8M | 3.82% |
3,092,221
+158,847
| +5% | +$2.62M |
2020 Q3
3 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.6T
| $57M | 3.65% |
455,240
-257,980
| -36% | -$30.7M |
2020 Q2
4 quarters
|
|
6
Microsoft
MSFT
$3.89T
| $53.3M | 3.41% |
196,676
-47,405
| -19% | -$12M |
2020 Q4
2 quarters
|
|
|
EQD
7
DELISTED
Equity Distribution Acquisition Corp.
EQD
| $52.7M | 3.36% |
5,340,000
| – | – |
2020 Q4
2 quarters
|
|
8
Sensient Technologies
SXT
$4.97B
| $50.9M | 3.25% |
587,800
-145,453
| -20% | -$12.3M |
2020 Q3
3 quarters
|
|
|
9
DELISTED
AtaiBeckley Inc
ATAI
| $48.6M | 3.11% |
+2,626,473
| New | +$48.5M |
2021 Q2
0 quarters
|
|
10
Nerdy
NRDY
$48.4M
| $44.2M | 2.82% |
296,749
| – | – |
2021 Q1
1 quarter
|
|
11
DELISTED
WM TECHNOLOGY INC A
MAPS
| $44.1M | 2.82% |
2,471,202
+333,174
| +16% | +$5.78M |
2020 Q4
2 quarters
|
|
|
PACX
12
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
| $44.1M | 2.82% |
+4,449,999
| New | +$43.7M |
2021 Q2
0 quarters
|
|
|
DISCK
13
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $43.6M | 2.79% |
+1,506,215
| New | +$46.8M |
2021 Q2
0 quarters
|
|
14
Lamar Advertising Co
LAMR
$16.4B
| $41.6M | 2.66% |
398,660
-232,376
| -37% | -$23.6M |
2020 Q4
2 quarters
|
|
|
AJRD
15
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $41.4M | 2.64% |
856,295
+301,217
| +54% | +$14.5M |
2020 Q4
2 quarters
|
|
|
SRNG
16
DELISTED
Soaring Eagle Acquisition Corp. Class A Ordinary Share
SRNG
| $40.1M | 2.56% |
+4,027,317
| New | +$40.2M |
2021 Q2
0 quarters
|
|
17
Johnson Controls International
JCI
$83.6B
| $39.8M | 2.54% |
+580,160
| New | +$37.4M |
2021 Q2
0 quarters
|
|
18
Sea Limited
SE
$46.2B
| $38.9M | 2.49% |
141,788
-98,707
| -41% | -$25.1M |
2020 Q2
4 quarters
|
|
19
Adobe
ADBE
$94.6B
| $34.9M | 2.23% |
+59,659
| New | +$30.8M |
2021 Q2
0 quarters
|
|
20
Ross Stores
ROST
$74B
| $34.6M | 2.21% |
278,796
+130,636
| +88% | +$16.3M |
2020 Q3
3 quarters
|
|
21
State Street SPDR S&P Regional Banking ETF
KRE
$4.35B
| $32.9M | 2.11% |
502,693
+84,102
| +20% | +$5.75M |
2021 Q1
1 quarter
|
|
|
TTCF
22
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
| $30.8M | 1.97% |
1,434,435
-421,853
| -23% | -$8.27M |
2020 Q2
4 quarters
|
|
23
AbCellera Biologics
ABCL
$3.75B
| $29.4M | 1.88% |
1,338,253
-1,088,545
| -45% | -$30M |
2020 Q4
2 quarters
|
|
24
Ally Financial
ALLY
$11.5B
| $25.6M | 1.63% |
513,239
-89,380
| -15% | -$4.59M |
2020 Q3
3 quarters
|
|
|
FRON
25
DELISTED
Frontier Acquisition Corp. Class A Ordinary Shares
FRON
| $23.4M | 1.5% |
+2,400,000
| New | +$23.5M |
2021 Q2
0 quarters
|
|
Similar funds
Alpha Wave Global's Q2 2021 Portfolio in Review
As of Q2 2021, Alpha Wave Global held 134 positions worth $1.56B, down 2.6% from $1.61B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Alpha Wave Global withdrew a net $88.6M in Q2 2021, closing 28 positions and reducing 19 holdings. Its most notable exit was Vipshop, an estimated $48.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Alpha Wave Global opened a new position in Willis Towers Watson worth $76.5M.
- Alpha Wave Global's largest Q2 2021 buy was Willis Towers Watson: 332,667 shares worth $76.5M.
- Alpha Wave Global added most to Ross Stores in Q2 2021, an estimated $16.3M increase.
- Alpha Wave Global's biggest Q2 2021 reduction was Alphabet (Google) Class C, cutting an estimated $30.7M.
- Alpha Wave Global fully exited Vipshop in Q2 2021, selling an estimated $48.3M.
- Alpha Wave Global's ten largest holdings make up 37% of its $1.56B portfolio in Q2 2021.
- Alpha Wave Global opened 56 new positions and closed 28 in Q2 2021.
- Alpha Wave Global's portfolio value fell 2.6% quarter-over-quarter to $1.56B.
Based on Alpha Wave Global's 13F filing for Q2 2021, filed 13 Aug 2021.