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BC
Balestra Capital Portfolio holdings
AUM
$42.5M
This Fund
S&P 500
This Quarter
Est. Return
-4.82%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$344M
AUM Growth
-$1.33B
(-79%)
Cap. Flow
-$1.31B
Cap. Flow
% of AUM
-379.73%
Top 10 Holdings %
Top 10 Hldgs %
91.29%
Holding
23
New
8
Increased
1
Reduced
4
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$39.7M |
| 2 |
GE Aerospace
GE
|
+$35.4M |
| 3 |
Boeing
BA
|
+$32.6M |
| 4 |
General Motors
GM
|
+$26M |
| 5 |
MidCap Financial Investment
MFIC
|
+$23.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Crown Castle
CCI
|
+$33M |
| 2 |
Darden Restaurants
DRI
|
+$32.8M |
| 3 |
American Tower
AMT
|
+$28.7M |
| 4 |
eBay
EBAY
|
+$22.1M |
| 5 |
Philip Morris
PM
|
+$14.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 37.76% |
| 2 | Industrials | 26.61% |
| 3 | Financials | 16.01% |
| 4 | Consumer Discretionary | 13.51% |
| 5 | Energy | 5.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Comcast
CMCSA
$79.1B
| $45.5M | 13.24% |
1,820,000
-256,332
| -12% | -$6.68M |
|
|
TFCFA
2
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $38.8M | 11.3% |
+1,215,000
| New | +$39.7M |
|
3
Alphabet (Google) Class C
GOOG
$3.9T
| $36.5M | 10.61% |
1,314,910
-387,447
| -23% | -$11.3M |
|
|
4
GE Aerospace
GE
$367B
| $35.6M | 10.35% |
+286,910
| New | +$35.4M |
|
5
Oaktree Specialty Lending
OCSL
$1.03B
| $32.4M | 9.41% |
1,140,135
+70,988
| +7% | +$2.02M |
|
|
6
Boeing
BA
$165B
| $31.4M | 9.12% |
+250,000
| New | +$32.6M |
|
7
The GEO Group
GEO
$4.13B
| $24.5M | 7.14% |
1,141,508
-312,672
| -22% | -$6.76M |
|
|
8
General Motors
GM
$74.7B
| $24.3M | 7.08% |
+707,325
| New | +$26M |
|
|
9
MidCap Financial Investment
MFIC
$784M
| $22.7M | 6.6% |
+910,667
| New | +$23.5M |
|
|
10
eBay
EBAY
$48.6B
| $22.1M | 6.43% |
950,400
-950,400
| -50% | -$22.1M |
|
|
YHOO
11
DELISTED
Yahoo Inc
YHOO
| $19.7M | 5.74% |
+550,000
| New | +$21M |
|
|
PARA
12
DELISTED
Paramount Global Class B
PARA
| $8.96M | 2.61% |
+144,980
| New | +$9.14M |
|
|
13
CALL
eBay
EBAY
$48.6B
| $536K | 0.16% |
+950,400
| New | +$22.1M |
|
14
SPDR Gold Trust
GLD
$132B
| $309K | 0.09% |
2,500
| – | – |
|
15
Vanguard High Dividend Yield ETF
VYM
$81.1B
| $215K | 0.06% |
3,400
| – | – |
|
16
Chevron
CVX
$388B
| $202K | 0.06% |
1,700
| – | – |
|
|
17
American Tower
AMT
$77.7B
| – | – |
-360,000
| Closed | -$28.7M |
|
18
Ares Capital
ARCC
$13.5B
| – | – |
-190,500
| Closed | -$3.38M |
|
|
19
Crown Castle
CCI
$32.7B
| – | – |
-450,000
| Closed | -$33M |
|
20
CoreCivic
CXW
$3.1B
| – | – |
-310,059
| Closed | -$9.94M |
|
|
21
Darden Restaurants
DRI
$22.5B
| – | – |
-675,774
| Closed | -$32.8M |
|
|
22
Philip Morris
PM
$301B
| – | – |
-162,537
| Closed | -$14.2M |
|
23
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| – | – |
-7,300,000
| Closed | -$1.35B |
|
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Balestra Capital's Q1 2014 Portfolio in Review
As of Q1 2014, Balestra Capital held 23 positions worth $344M, down 79% from $1.68B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Balestra Capital withdrew a net $1.31B in Q1 2014, closing 7 positions and reducing 4 holdings. Its most notable exit was Crown Castle, an estimated $33M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 38% of assets, up from 6% a quarter earlier, followed by Industrials and Financials.
Against the trend, Balestra Capital opened a new position in Twenty-First Century Fox, Inc. Class A worth $38.8M.
- Balestra Capital's largest Q1 2014 buy was Twenty-First Century Fox, Inc. Class A: 1,215,000 shares worth $38.8M.
- Balestra Capital added most to Oaktree Specialty Lending in Q1 2014, an estimated $2.02M increase.
- Balestra Capital's biggest Q1 2014 reduction was eBay, cutting an estimated $22.1M.
- Balestra Capital fully exited Crown Castle in Q1 2014, selling an estimated $33M.
- Balestra Capital's ten largest holdings make up 91% of its $344M portfolio in Q1 2014.
- Balestra Capital opened 8 new positions and closed 7 in Q1 2014.
- Balestra Capital's portfolio value fell 79% quarter-over-quarter to $344M.
Based on Balestra Capital's 13F filing for Q1 2014, filed 12 May 2014.