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 |
iShares MSCI China ETF
MCHI
|
+$18.9M |
| 2 |
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
|
+$11.4M |
| 3 |
SJI
South Jersey Industries, Inc.
SJI
|
+$9.11M |
| 4 |
HCA Healthcare
HCA
|
+$8.74M |
| 5 |
VTIQ
VectoIQ Acquisition Corp. II Class A Common Stock
VTIQ
|
+$7.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$25.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$17.2M |
| 3 |
Sensient Technologies
SXT
|
+$17M |
| 4 |
Alcoa
AA
|
+$16.4M |
| 5 |
Microsoft
MSFT
|
+$15.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 51.69% |
| 2 | Technology | 10.48% |
| 3 | Healthcare | 7.52% |
| 4 | Miscellaneous | 6.77% |
| 5 | Utilities | 6.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
AVAN
1
DELISTED
Avanti Acquisition Corp.
AVAN
| $71.1M | 7.31% |
7,170,000
| – | – |
2020 Q4
6 quarters
|
|
2
TXNM Energy Inc
TXNM
$6.42B
| $61.7M | 6.34% |
1,290,698
| – | – |
2022 Q1
1 quarter
|
|
|
EQD
3
DELISTED
Equity Distribution Acquisition Corp.
EQD
| $53.1M | 5.46% |
5,340,000
| – | – |
2020 Q4
6 quarters
|
|
|
PACX
4
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
| $43.8M | 4.51% |
4,449,999
| – | – |
2021 Q2
4 quarters
|
|
5
Liberty Media Corporation Series C Common Stock
FWONK
$27.5B
| $32.5M | 3.34% |
529,801
| – | – |
2022 Q1
1 quarter
|
|
|
MVLA
6
DELISTED
Movella Holdings Inc. Common Stock
MVLA
| $31M | 3.18% |
3,152,617
| – | – |
2021 Q3
3 quarters
|
|
|
FRON
7
DELISTED
Frontier Acquisition Corp. Class A Ordinary Shares
FRON
| $23.5M | 2.42% |
2,400,000
| – | – |
2021 Q2
4 quarters
|
|
|
8
iShares MSCI China ETF
MCHI
$5.78B
| $20.6M | 2.12% |
+368,889
| New | +$18.9M |
2022 Q2
0 quarters
|
|
9
Elastic
ESTC
$9.48B
| $20.5M | 2.1% |
302,479
+64,041
| +27% | +$4.66M |
2021 Q3
3 quarters
|
|
|
OSH
10
DELISTED
Oak Street Health, Inc.
OSH
| $18.6M | 1.91% |
1,128,633
+218,598
| +24% | +$4.25M |
2022 Q1
1 quarter
|
|
11
DELISTED
Mister Car Wash
MCW
| $17.8M | 1.83% |
1,639,217
| – | – |
2021 Q2
4 quarters
|
|
|
PSTH
12
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
| $17.4M | 1.79% |
873,766
+574,624
| +192% | +$11.4M |
2021 Q3
3 quarters
|
|
|
LEAP
13
DELISTED
Ribbit LEAP, Ltd.
LEAP
| $16.3M | 1.68% |
1,649,296
+80,820
| +5% | +$801K |
2021 Q2
4 quarters
|
|
|
14
Alphabet (Google) Class C
GOOG
$3.52T
| $15.6M | 1.61% |
142,820
-145,300
| -50% | -$17.2M |
2020 Q2
8 quarters
|
|
15
DELISTED
E2open Parent Holdings
ETWO
| $14.8M | 1.53% |
1,906,827
| – | – |
2021 Q3
3 quarters
|
|
16
Amylyx Pharmaceuticals
AMLX
$3.88B
| $13.5M | 1.39% |
700,635
+83,415
| +14% | +$990K |
2022 Q1
1 quarter
|
|
17
Better Home & Finance Holding
BETR
$383M
| $13.3M | 1.37% |
27,096
| – | – |
2021 Q3
3 quarters
|
|
|
VYGG
18
DELISTED
Vy Global Growth
VYGG
| $12.4M | 1.27% |
1,250,000
-487,486
| -28% | -$4.83M |
2020 Q4
6 quarters
|
|
19
NexGen Energy
NXE
$5.87B
| $11.9M | 1.22% |
3,315,428
| – | – |
2018 Q4
14 quarters
|
|
|
20
Microsoft
MSFT
$4.05T
| $11.9M | 1.22% |
46,176
-56,223
| -55% | -$15.3M |
2020 Q4
6 quarters
|
|
|
SPKB
21
DELISTED
Silver Spike Acquisition Corp II Class A Ordinary Shares
SPKB
| $11.8M | 1.21% |
1,200,000
| – | – |
2021 Q2
4 quarters
|
|
22
Ross Stores
ROST
$75.7B
| $11.5M | 1.18% |
163,086
-69,672
| -30% | -$6.2M |
2022 Q1
1 quarter
|
|
23
DELISTED
WM TECHNOLOGY INC A
MAPS
| $11.1M | 1.14% |
3,359,792
+64,763
| +2% | +$364K |
2020 Q4
6 quarters
|
|
24
BWX Technologies
BWXT
$11.7B
| $10.9M | 1.12% |
197,279
| – | – |
2022 Q1
1 quarter
|
|
25
Huntington Ingalls Industries
HII
$12B
| $10.4M | 1.07% |
47,893
| – | – |
2022 Q1
1 quarter
|
|
Similar funds
Alpha Wave Global's Q2 2022 Portfolio in Review
As of Q2 2022, Alpha Wave Global held 143 positions worth $973M, down 12% from $1.11B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Alpha Wave Global withdrew a net $98.3M in Q2 2022, closing 16 positions and reducing 7 holdings. Its most notable exit was VanEck Gold Miners ETF, an estimated $25.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 52% of assets, up from 42% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Alpha Wave Global opened a new position in iShares MSCI China ETF worth $20.6M.
- Alpha Wave Global's largest Q2 2022 buy was iShares MSCI China ETF: 368,889 shares worth $20.6M.
- Alpha Wave Global added most to Pershing Square Tontine Holdings, Ltd. in Q2 2022, an estimated $11.4M increase.
- Alpha Wave Global's biggest Q2 2022 reduction was Alphabet (Google) Class C, cutting an estimated $17.2M.
- Alpha Wave Global fully exited VanEck Gold Miners ETF in Q2 2022, selling an estimated $25.7M.
- Alpha Wave Global's ten largest holdings make up 41% of its $973M portfolio in Q2 2022.
- Alpha Wave Global opened 18 new positions and closed 16 in Q2 2022.
- Alpha Wave Global's portfolio value fell 12% quarter-over-quarter to $973M.
Based on Alpha Wave Global's 13F filing for Q2 2022, filed 12 Aug 2022.