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 |
TXNM Energy Inc
TXNM
|
+$10.3M |
| 2 |
Huntington Ingalls Industries
HII
|
+$4.01M |
| 3 |
Payoneer
PAYO
|
+$1.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AerCap
AER
|
+$17.9M |
| 2 |
Churchill Capital Corp VII Class A Common Stock
CVII
|
+$15.9M |
| 3 |
iShares US Healthcare ETF
IYH
|
+$15.2M |
| 4 |
CCVI
Churchill Capital Corp VI
CCVI
|
+$14.2M |
| 5 |
TIOA
Tio Tech A Class A Ordinary Share
TIOA
|
+$6.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.8% |
| 2 | Utilities | 20.64% |
| 3 | Healthcare | 17.74% |
| 4 | Industrials | 15.25% |
| 5 | Energy | 11.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
TXNM Energy Inc
TXNM
$6.48B
| $31.5M | 20.64% |
698,841
+218,095
| +45% | +$10.3M |
2022 Q1
5 quarters
|
|
2
Amylyx Pharmaceuticals
AMLX
$3.84B
| $18.4M | 12.06% |
853,262
-77,075
| -8% | -$2.08M |
2022 Q1
5 quarters
|
|
3
BWX Technologies
BWXT
$11.4B
| $14.1M | 9.25% |
197,279
| – | – |
2022 Q1
5 quarters
|
|
4
NexGen Energy
NXE
$5.41B
| $14M | 9.2% |
2,981,821
-289,677
| -9% | -$1.18M |
2018 Q4
18 quarters
|
|
5
DELISTED
Mister Car Wash
MCW
| $10.8M | 7.1% |
1,122,477
-99,730
| -8% | -$865K |
2021 Q2
8 quarters
|
|
|
BWC
6
DELISTED
Blue Whale Acquisition Corp I Class A Ordinary Shares
BWC
| $10.2M | 6.65% |
1,000,000
| – | – |
2021 Q4
6 quarters
|
|
|
7
Huntington Ingalls Industries
HII
$12.2B
| $8.95M | 5.86% |
39,340
+19,302
| +96% | +$4.01M |
2022 Q1
5 quarters
|
|
|
CPAA
8
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
| $7.83M | 5.13% |
765,661
| – | – |
2022 Q1
5 quarters
|
|
|
ZING
9
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
| $7.77M | 5.09% |
745,766
| – | – |
2022 Q1
5 quarters
|
|
|
GFX
10
DELISTED
Golden Falcon Acquisition Corp.
GFX
| $7.64M | 5% |
750,000
| – | – |
2021 Q1
9 quarters
|
|
11
Denison Mines
DNN
$1.89B
| $3.99M | 2.61% |
3,192,215
-271,597
| -8% | -$302K |
2019 Q1
17 quarters
|
|
12
Porch Group
PRCH
$2.44B
| $3.92M | 2.56% |
2,837,227
| – | – |
2020 Q3
11 quarters
|
|
13
DELISTED
Premier
PINC
| $3.76M | 2.46% |
135,862
| – | – |
2023 Q1
1 quarter
|
|
14
Claritev Corp
CTEV
$459M
| $2.69M | 1.76% |
31,908
| – | – |
2022 Q1
5 quarters
|
|
|
CANO
15
DELISTED
Cano Health, Inc.
CANO
| $2.01M | 1.32% |
14,444
| – | – |
2020 Q4
10 quarters
|
|
|
16
Payoneer
PAYO
$2.43B
| $1.82M | 1.19% |
378,554
+203,003
| +116% | +$1.02M |
2021 Q3
7 quarters
|
|
17
DELISTED
WM TECHNOLOGY INC A
MAPS
| $1.78M | 1.16% |
2,120,464
-268,388
| -11% | -$220K |
2020 Q4
10 quarters
|
|
18
Lemonade
LMND
$3.35B
| $307K | 0.2% |
18,204
-2,454
| -12% | -$38.4K |
2022 Q3
3 quarters
|
|
19
X Financial
XYF
$203M
| $253K | 0.17% |
57,619
-7,766
| -12% | -$28K |
2018 Q3
19 quarters
|
|
20
DELISTED
LAVA Therapeutics
LVTX
| $221K | 0.15% |
109,097
-10,419
| -9% | -$19.2K |
2021 Q1
9 quarters
|
|
21
DELISTED
Li-Cycle Holdings Corp.
LICY
| $215K | 0.14% |
4,850
-444
| -8% | -$18.1K |
2022 Q1
5 quarters
|
|
|
CANO.WS
22
DELISTED
Cano Health, Inc. Redeemable Warrants, each whole warrant is exercisable for one-one hundredth (1/100th) of a share of Class A Common Stock at an exercise price of $1,150
CANO.WS
| $152K | 0.1% |
722,222
| – | – |
2021 Q2
8 quarters
|
|
|
23
DELISTED
WM TECHNOLOGY INC WTS
MAPSW
| $114K | 0.07% |
984,012
| – | – |
2021 Q1
9 quarters
|
|
24
DELISTED
Lanvin Group Holdings Warrants
LANV.WS
| $68K | 0.04% |
200,000
| – | – |
2022 Q4
2 quarters
|
|
|
GFX.WS
25
DELISTED
Golden Falcon Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
GFX.WS
| $48.8K | 0.03% |
375,000
| – | – |
2021 Q1
9 quarters
|
|
Similar funds
Alpha Wave Global's Q2 2023 Portfolio in Review
As of Q2 2023, Alpha Wave Global held 45 positions worth $153M, down 44% from $271M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Alpha Wave Global withdrew a net $86.6M in Q2 2023, closing 15 positions and reducing 9 holdings. Its most notable exit was AerCap, an estimated $17.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, down from 31% a quarter earlier, followed by Utilities and Healthcare.
Against the trend, Alpha Wave Global added an estimated $10.3M to TXNM Energy Inc.
- Alpha Wave Global added most to TXNM Energy Inc in Q2 2023, an estimated $10.3M increase.
- Alpha Wave Global's biggest Q2 2023 reduction was Amylyx Pharmaceuticals, cutting an estimated $2.08M.
- Alpha Wave Global fully exited AerCap in Q2 2023, selling an estimated $17.9M.
- Alpha Wave Global's ten largest holdings make up 86% of its $153M portfolio in Q2 2023.
- Alpha Wave Global opened 0 new positions and closed 15 in Q2 2023.
- Alpha Wave Global's portfolio value fell 44% quarter-over-quarter to $153M.
Based on Alpha Wave Global's 13F filing for Q2 2023, filed 14 Aug 2023.