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ACM

Axar Capital Management Portfolio holdings

AUM $304M
1-Year Est. Return 38.78%
This Fund
S&P 500
This Quarter Est. Return
-39.26%
1 Year Est. Return
+38.78%
3 Year Est. Return
+680.11%
5 Year Est. Return
+265.07%
10 Year Est. Return
–
AUM
$525M
AUM Growth
-$241M
Cap. Flow
-$23.1M
Cap. Flow %
-4.4%
Top 10 Hldgs %
100%
Holding
6
New
–
Increased
–
Reduced
1
Closed
2

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
MR
Montage Resources Corporation Common Stock
MR
+$18.8M
2
RJET
Republic Airways Holdings
RJET
+$4.31M

Sector Composition

Rank Sector Weight
1 Miscellaneous 95.83%
2 Consumer Discretionary 3.25%
3 Consumer Staples 0.63%
4 Energy 0.29%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$814B
$503M 95.83%
1,700,000
-800,000
-32% -$230M
STON
2
DELISTED
StoneMor Inc.
STON
$17M 3.25%
7,748,435
– –
SSI
3
DELISTED
Stage Stores Inc
SSI
$3.31M 0.63%
4,300,000
– –
ICD
4
DELISTED
Independence Contract Drilling, Inc.
ICD
$1.53M 0.29%
48,483
– –
RJET
5
Republic Airways Holdings
RJET
$839M
– –
-34,446
Closed -$4.31M
MR
6
DELISTED
Montage Resources Corporation Common Stock
MR
– –
-1,247,010
Closed -$18.8M

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Axar Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Axar Capital Management held 6 positions worth $525M, down 31% from $766M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Axar Capital Management withdrew a net $23.1M in Q2 2019, closing 2 positions and reducing 1 holding. Its most notable exit was Montage Resources Corporation Common Stock, an estimated $18.8M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 96% of assets, up from 92% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Axar Capital Management fully exited Montage Resources Corporation Common Stock in Q2 2019, selling an estimated $18.8M.
  • Axar Capital Management's ten largest holdings make up 100% of its $525M portfolio in Q2 2019.
  • Axar Capital Management opened 0 new positions and closed 2 in Q2 2019.
  • Axar Capital Management's portfolio value fell 31% quarter-over-quarter to $525M.

Based on Axar Capital Management's 13F filing for Q2 2019, filed 6 Aug 2019.