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Balestra Capital Portfolio holdings

AUM $42.5M
This Fund
S&P 500
This Quarter Est. Return
+7.4%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.68B
AUM Growth
+$1.37B
Cap. Flow
+$1.29B
Cap. Flow %
76.96%
Top 10 Hldgs %
99.16%
Holding
20
New
7
Increased
1
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$42.1M
2
CCI icon
Crown Castle
CCI
+$33.3M
3
OCSL icon
Oaktree Specialty Lending
OCSL
+$31.6M
4
DRI icon
Darden Restaurants
DRI
+$31.3M
5
AMT icon
American Tower
AMT
+$28M

Top Sells

Rank Stock Value
1
SAP icon
SAP
SAP
+$36.4M
2
EXPE icon
Expedia Group
EXPE
+$35.7M
3
CXW icon
CoreCivic
CXW
+$27.5M
4
MFIC icon
MidCap Financial Investment
MFIC
+$26.9M
5
PM icon
Philip Morris
PM
+$15.9M

Sector Composition

Rank Sector Weight
1 Communication Services 6.05%
2 Consumer Discretionary 4.57%
3 Real Estate 3.68%
4 Industrials 2.46%
5 Financials 1.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$1.35B 80.38%
+7,300,000
New +$1.29B
CMCSA icon
2
Comcast
CMCSA
$79.1B
$53.9M 3.22%
2,076,332
-300,000
-13% -$7.22M
GOOG icon
3
Alphabet (Google) Class C
GOOG
$3.9T
$47.5M 2.83%
1,702,357
-188,705
-10% -$4.77M
EBAY icon
4
eBay
EBAY
$48.6B
$43.9M 2.62%
+1,900,800
New +$42.1M
CCI icon
5
Crown Castle
CCI
$32.7B
$33M 1.97%
+450,000
New +$33.3M
DRI icon
6
Darden Restaurants
DRI
$22.5B
$32.8M 1.96%
+675,774
New +$31.3M
GEO icon
7
The GEO Group
GEO
$4.13B
$31.2M 1.86%
1,454,180
+204,447
+16% +$4.58M
OCSL icon
8
Oaktree Specialty Lending
OCSL
$1.03B
$29.7M 1.77%
+1,069,147
New +$31.6M
AMT icon
9
American Tower
AMT
$77.7B
$28.7M 1.71%
+360,000
New +$28M
PM icon
10
Philip Morris
PM
$301B
$14.2M 0.84%
162,537
-181,700
-53% -$15.9M
CXW icon
11
CoreCivic
CXW
$3.1B
$9.94M 0.59%
310,059
-790,684
-72% -$27.5M
ARCC icon
12
Ares Capital
ARCC
$13.5B
$3.38M 0.2%
190,500
-177,926
-48% -$3.14M
GLD icon
13
SPDR Gold Trust
GLD
$131B
$290K 0.02%
2,500
-17,500
-88% -$2.15M
CVX icon
14
Chevron
CVX
$388B
$212K 0.01%
1,700
– –
VYM icon
15
Vanguard High Dividend Yield ETF
VYM
$81.1B
$212K 0.01%
+3,400
New +$205K
BXMT icon
16
Blackstone Mortgage Trust
BXMT
$2.82B
– –
-488,123
Closed -$12.3M
EEM icon
17
iShares MSCI Emerging Markets ETF
EEM
$28B
– –
-20,000
Closed -$200K
EXPE icon
18
Expedia Group
EXPE
$31.2B
– –
-690,000
Closed -$35.7M
MFIC icon
19
MidCap Financial Investment
MFIC
$784M
– –
-1,099,514
Closed -$26.9M
SAP icon
20
SAP
SAP
$187B
– –
-492,194
Closed -$36.4M

Similar funds

OCM
Orrell Capital Management Livermore, California $43.6M AUM 28.35% 1-Year Est. Return
SGC
South Georgia Capital Naperville, Illinois $41M AUM 2.47% 1-Year Est. Return
LC
Lakeshore Capital Birmingham, Alabama $45.6M AUM 21% 1-Year Est. Return
RCI
RRJ Capital II Grand Cayman, Cayman Islands $38.8M AUM 0.84% 1-Year Est. Return
CGL
Column Group LP San Francisco, California $38.6M AUM 30.92% 1-Year Est. Return
PTC
Peak Ten Capital New York $46.5M AUM 5.8% 1-Year Est. Return
AWS
Aris Wealth Services State College, Pennsylvania $47.7M AUM 10.11% 1-Year Est. Return
RCM
Royal Capital Management New York $37.2M AUM 3.86% 1-Year Est. Return

Balestra Capital's Q4 2013 Portfolio in Review

As of Q4 2013, Balestra Capital held 20 positions worth $1.68B, up 440% from $311M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Balestra Capital deployed $1.29B of net new capital in Q4 2013, opening 7 new positions and adding to 1 existing holding. Its largest new stake was eBay: 1,900,800 shares worth $43.9M.

By sector, the portfolio is most concentrated in Communication Services at 6% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Real Estate.

On the sell side, the largest reduction was CoreCivic, an estimated $27.5M trimmed.

  • Balestra Capital's largest Q4 2013 buy was eBay: 1,900,800 shares worth $43.9M.
  • Balestra Capital added most to The GEO Group in Q4 2013, an estimated $4.58M increase.
  • Balestra Capital's biggest Q4 2013 reduction was CoreCivic, cutting an estimated $27.5M.
  • Balestra Capital fully exited SAP in Q4 2013, selling an estimated $36.4M.
  • Balestra Capital's ten largest holdings make up 99% of its $1.68B portfolio in Q4 2013.
  • Balestra Capital opened 7 new positions and closed 5 in Q4 2013.
  • Balestra Capital's portfolio value rose 440% quarter-over-quarter to $1.68B.

Based on Balestra Capital's 13F filing for Q4 2013, filed 12 Feb 2014.