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BCM
BBT Capital Management Portfolio holdings
AUM
$85.5M
1-Year Est. Return
11.09%
This Fund
S&P 500
This Quarter
Est. Return
+4.5%
1 Year Est. Return
-11.09%
3 Year Est. Return
+31.43%
5 Year Est. Return
+74.62%
10 Year Est. Return
–
AUM
$508M
AUM Growth
-$336M
(-40%)
Cap. Flow
-$364M
Cap. Flow
% of AUM
-71.72%
Top 10 Holdings %
Top 10 Hldgs %
44.76%
Holding
122
New
21
Increased
9
Reduced
54
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$31.4M |
| 2 |
AGN
Allergan plc
AGN
|
+$7.87M |
| 3 |
Liberty Media Series C
FWONK
|
+$6.95M |
| 4 |
CKEC
Carmike Cinemas Inc
CKEC
|
+$5.29M |
| 5 |
QTS
QTS REALTY TRUST, INC.
QTS
|
+$2.68M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$50.4M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$20.6M |
| 3 |
Medtronic
MDT
|
+$18.7M |
| 4 |
EMC
EMC CORPORATION
EMC
|
+$18.7M |
| 5 |
ALU
Alcatel-Lucent
ALU
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 17.36% |
| 2 | Real Estate | 9.34% |
| 3 | Industrials | 8.54% |
| 4 | Utilities | 3.03% |
| 5 | Energy | 2.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOT
1
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $38.4M | 7.56% |
+460,000
| New | +$31.4M |
|
|
TWC
2
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $34.7M | 6.83% |
169,451
-109,162
| -39% | -$20.6M |
|
|
JCP
3
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $33.3M | 6.55% |
3,006,400
+1,817,700
| +153% | +$15.9M |
|
4
T-Mobile US
TMUS
$212B
| $28M | 5.51% |
730,387
-217,656
| -23% | -$8.22M |
|
|
QIHU
5
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $19.9M | 3.93% |
264,000
-176,000
| -40% | -$12.7M |
|
|
PNK
6
DELISTED
Pinnacle Entertainment Inc.
PNK
| $17.9M | 3.52% |
509,785
-315,738
| -38% | -$9.52M |
|
|
CQH
7
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $15.2M | 3% |
842,645
-473,948
| -36% | -$7.44M |
|
|
PEGI
8
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $14.5M | 2.85% |
759,655
-639,046
| -46% | -$11.5M |
|
9
United Airlines
UAL
$38.1B
| $13.1M | 2.57% |
218,299
-143,799
| -40% | -$7.64M |
|
10
PUT
Freeport-McMoran
FCX
$84.5B
| $12.4M | 2.44% |
+1,200,000
| New | +$8.43M |
|
11
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $12.3M | 2.43% |
60,000
+20,000
| +50% | +$3.9M |
|
12
Avis
CAR
$5.64B
| $11.1M | 2.2% |
407,449
-225,251
| -36% | -$6.15M |
|
13
Delta Air Lines
DAL
$55.6B
| $11.1M | 2.18% |
227,580
-193,887
| -46% | -$9.06M |
|
|
14
Liberty Media Series C
FWONK
$24.9B
| $10.9M | 2.15% |
404,807
+279,889
| +224% | +$6.95M |
|
15
PUT
Alphabet (Google) Class C
GOOG
$4.29T
| $10.4M | 2.05% |
+280,000
| New | +$10M |
|
16
Clearway Energy Class C
CWEN
$5.19B
| $10.3M | 2.04% |
725,763
-415,973
| -36% | -$5.48M |
|
17
Zions Bancorporation
ZION
$10.6B
| $9.03M | 1.78% |
372,816
-390,320
| -51% | -$8.98M |
|
|
GAS
18
DELISTED
AGL Resources Inc
GAS
| $8.34M | 1.64% |
128,000
-122,000
| -49% | -$7.85M |
|
19
CALL
Verizon
VZ
$182B
| $8.11M | 1.6% |
150,000
-20,000
| -12% | -$1M |
|
|
VDTH
20
DELISTED
Videocon d2h Limited
VDTH
| $8.1M | 1.59% |
1,100,314
-231,373
| -17% | -$1.58M |
|
|
AGN
21
DELISTED
Allergan plc
AGN
| $7.37M | 1.45% |
+27,500
| New | +$7.87M |
|
22
SPDR Gold Trust
GLD
$129B
| $7.06M | 1.39% |
60,000
-40,000
| -40% | -$4.53M |
|
|
WY.PRA
23
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| $6.9M | 1.36% |
135,000
-90,000
| -40% | -$4.21M |
|
|
CKEC
24
DELISTED
Carmike Cinemas Inc
CKEC
| $6.55M | 1.29% |
+218,187
| New | +$5.29M |
|
25
PUT
Teck Resources
TECK
$26.7B
| $6.01M | 1.18% |
+790,000
| New | +$4.27M |
|
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BBT Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, BBT Capital Management held 122 positions worth $508M, down 40% from $844M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
BBT Capital Management withdrew a net $364M in Q1 2016, closing 32 positions and reducing 54 holdings. Its most notable exit was PRECISION CASTPARTS CORP, an estimated $50.4M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 17% of assets, up from 16% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, BBT Capital Management opened a new position in STARWOOD HOTELS & RESORTS WORLDWIDE, INC. worth $38.4M.
- BBT Capital Management's largest Q1 2016 buy was STARWOOD HOTELS & RESORTS WORLDWIDE, INC.: 460,000 shares worth $38.4M.
- BBT Capital Management added most to Liberty Media Series C in Q1 2016, an estimated $6.95M increase.
- BBT Capital Management's biggest Q1 2016 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $20.6M.
- BBT Capital Management fully exited PRECISION CASTPARTS CORP in Q1 2016, selling an estimated $50.4M.
- BBT Capital Management's ten largest holdings make up 45% of its $508M portfolio in Q1 2016.
- BBT Capital Management opened 21 new positions and closed 32 in Q1 2016.
- BBT Capital Management's portfolio value fell 40% quarter-over-quarter to $508M.
Based on BBT Capital Management's 13F filing for Q1 2016, filed 12 May 2016.