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Balestra Capital Portfolio holdings

AUM $42.5M
This Fund
S&P 500
This Quarter Est. Return
+2.37%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$617M
AUM Growth
+$274M
Cap. Flow
+$254M
Cap. Flow %
41.19%
Top 10 Hldgs %
92.9%
Holding
22
New
6
Increased
2
Reduced
8
Closed
3

Top Buys

Rank Stock Value
1
AER icon
AerCap
AER
+$7.48M
2
VLO icon
Valero Energy
VLO
+$6.89M
3
BKCC
BlackRock Capital Investment Corporation
BKCC
+$1.44M
4
MFIC icon
MidCap Financial Investment
MFIC
+$353K
5
PARA
Paramount Global Class B
PARA
+$42.9K

Top Sells

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$36.5M
2
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$31.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$27.4M
4
GE icon
GE Aerospace
GE
+$24.9M
5
GEO icon
The GEO Group
GEO
+$24.5M

Sector Composition

Rank Sector Weight
1 Financials 7.2%
2 Communication Services 6.29%
3 Industrials 5.06%
4 Energy 2.63%
5 Consumer Discretionary 1.58%
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
$778B
$215M 34.87%
+1,100,000
New +$209M
SPY icon
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$196M 31.7%
+1,000,000
New +$190M
IWM icon
3
CALL
iShares Russell 2000 ETF
IWM
$80.9B
$63.9M 10.35%
+540,000
New +$61.3M
MFIC icon
4
MidCap Financial Investment
MFIC
$784M
$23.9M 3.87%
924,977
+14,310
+2% +$353K
OCSL icon
5
Oaktree Specialty Lending
OCSL
$1.03B
$20.5M 3.33%
696,613
-443,522
-39% -$12.5M
BA icon
6
Boeing
BA
$165B
$12M 1.95%
94,652
-155,348
-62% -$20.3M
GE icon
7
GE Aerospace
GE
$367B
$11.5M 1.86%
91,018
-195,892
-68% -$24.9M
CMCSA icon
8
Comcast
CMCSA
$79.1B
$10.7M 1.74%
400,000
-1,420,000
-78% -$36.5M
TFCFA
9
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$10.3M 1.66%
292,100
-922,900
-76% -$31.4M
EBAY icon
10
eBay
EBAY
$48.6B
$9.76M 1.58%
463,320
-487,080
-51% -$10.6M
YHOO
11
DELISTED
Yahoo Inc
YHOO
$9.74M 1.58%
277,411
-272,589
-50% -$9.52M
PARA
12
DELISTED
Paramount Global Class B
PARA
$9.05M 1.47%
145,700
+720
+0.5% +$42.9K
GOOG icon
13
Alphabet (Google) Class C
GOOG
$3.9T
$8.77M 1.42%
305,837
-1,009,073
-77% -$27.4M
AER icon
14
AerCap
AER
$23.9B
$7.75M 1.26%
+169,224
New +$7.48M
VLO icon
15
Valero Energy
VLO
$89.8B
$6.26M 1.01%
+125,000
New +$6.89M
BKCC
16
DELISTED
BlackRock Capital Investment Corporation
BKCC
$1.48M 0.24%
+162,803
New +$1.44M
GLD icon
17
SPDR Gold Trust
GLD
$131B
$320K 0.05%
2,500
– –
VYM icon
18
Vanguard High Dividend Yield ETF
VYM
$81.1B
$225K 0.04%
3,400
– –
CVX icon
19
Chevron
CVX
$388B
$222K 0.04%
1,700
– –
EBAY icon
20
CALL
eBay
EBAY
$48.6B
– –
-950,400
Closed -$536K
GEO icon
21
The GEO Group
GEO
$4.13B
– –
-1,141,508
Closed -$24.5M
GM icon
22
General Motors
GM
$74.7B
– –
-707,325
Closed -$24.3M

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OCM
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SGC
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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
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PTC
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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 Q2 2014 Portfolio in Review

As of Q2 2014, Balestra Capital held 22 positions worth $617M, up 80% from $344M the previous quarter. Its ten largest holdings account for 93% of the portfolio.

Balestra Capital deployed $254M of net new capital in Q2 2014, opening 6 new positions and adding to 2 existing holdings. Its largest new stake was AerCap: 169,224 shares worth $7.75M.

By sector, the portfolio is most concentrated in Financials at 7.2% of assets, down from 16% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Comcast, an estimated $36.5M trimmed.

  • Balestra Capital's largest Q2 2014 buy was AerCap: 169,224 shares worth $7.75M.
  • Balestra Capital added most to MidCap Financial Investment in Q2 2014, an estimated $353K increase.
  • Balestra Capital's biggest Q2 2014 reduction was Comcast, cutting an estimated $36.5M.
  • Balestra Capital fully exited The GEO Group in Q2 2014, selling an estimated $24.5M.
  • Balestra Capital's ten largest holdings make up 93% of its $617M portfolio in Q2 2014.
  • Balestra Capital opened 6 new positions and closed 3 in Q2 2014.
  • Balestra Capital's portfolio value rose 80% quarter-over-quarter to $617M.

Based on Balestra Capital's 13F filing for Q2 2014, filed 1 Aug 2014.