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BPCM
Beach Point Capital Management Portfolio holdings
AUM
$258M
1-Year Est. Return
20.26%
This Fund
S&P 500
This Quarter
Est. Return
-3.98%
1 Year Est. Return
+20.26%
3 Year Est. Return
+110.45%
5 Year Est. Return
+46.34%
10 Year Est. Return
+68.77%
AUM
$433M
AUM Growth
-$77.5M
(-15%)
Cap. Flow
-$55.6M
Cap. Flow
% of AUM
-12.82%
Top 10 Holdings %
Top 10 Hldgs %
73.3%
Holding
29
New
5
Increased
11
Reduced
4
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
StealthGas
GASS
|
+$15.2M |
| 2 |
INXN
Interxion Holding N.V.
INXN
|
+$14.4M |
| 3 |
Golar LNG
GLNG
|
+$11.2M |
| 4 |
Scorpio Tankers
STNG
|
+$4.13M |
| 5 |
Enpro
NPO
|
+$2.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American International
AIG
|
+$20M |
| 2 |
Herc Holdings
HRI
|
+$17M |
| 3 |
Dillards
DDS
|
+$15.8M |
| 4 |
Avis
CAR
|
+$15.4M |
| 5 |
Cheniere Energy
LNG
|
+$11.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.55% |
| 2 | Consumer Discretionary | 13.12% |
| 3 | Energy | 9.39% |
| 4 | Materials | 7.94% |
| 5 | Financials | 7.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWC
1
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $77.1M | 17.79% |
537,113
-23,439
| -4% | -$3.48M |
|
|
APC
2
DELISTED
Anadarko Petroleum
APC
| $38.9M | 8.98% |
383,568
+1,151
| +0.3% | +$124K |
|
3
General Motors
GM
$74.1B
| $37.1M | 8.56% |
1,161,086
+27,838
| +2% | +$970K |
|
|
TFCFA
4
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $29.6M | 6.82% |
861,756
+40,662
| +5% | +$1.41M |
|
|
5
Cheniere Energy
LNG
$56B
| $25.3M | 5.85% |
316,657
-153,282
| -33% | -$11.7M |
|
|
ETFC
6
DELISTED
E*Trade Financial Corporation
ETFC
| $24.3M | 5.61% |
1,075,460
+24,535
| +2% | +$538K |
|
7
Liberty Global Class A
LBTYA
$3.52B
| $24M | 5.53% |
682,998
+47,577
| +7% | +$1.7M |
|
8
Liberty Global Class C
LBTYK
$3.44B
| $23.3M | 5.37% |
701,309
+51,720
| +8% | +$1.74M |
|
9
CF Industries
CF
$19.6B
| $22.1M | 5.1% |
395,480
+6,530
| +2% | +$331K |
|
|
SNI
10
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $16M | 3.69% |
204,970
+11,465
| +6% | +$923K |
|
|
INXN
11
DELISTED
Interxion Holding N.V.
INXN
| $14.5M | 3.34% |
+523,160
| New | +$14.4M |
|
|
ACAS
12
DELISTED
American Capital Ltd
ACAS
| $14M | 3.22% |
986,105
+159,125
| +19% | +$2.43M |
|
|
13
StealthGas
GASS
$329M
| $13.7M | 3.15% |
+1,500,000
| New | +$15.2M |
|
|
AXLL
14
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $12.3M | 2.85% |
344,282
-260,467
| -43% | -$11M |
|
|
15
Golar LNG
GLNG
$5.06B
| $11.7M | 2.7% |
+176,449
| New | +$11.2M |
|
|
16
Enpro
NPO
$7.07B
| $11.4M | 2.63% |
188,224
+37,439
| +25% | +$2.55M |
|
|
CTB
17
DELISTED
Cooper Tire & Rubber Co.
CTB
| $10.5M | 2.43% |
367,510
| – | – |
|
18
MGM Resorts International
MGM
$11.6B
| $9.22M | 2.13% |
404,610
+48,330
| +14% | +$1.2M |
|
|
WAC
19
DELISTED
Walter Investment Mgt Corp
WAC
| $9.06M | 2.09% |
412,868
| – | – |
|
20
American Airlines Group
AAL
$9.78B
| $4.48M | 1.04% |
126,392
-50,630
| -29% | -$1.99M |
|
|
21
Scorpio Tankers
STNG
$3.9B
| $3.63M | 0.84% |
+43,665
| New | +$4.13M |
|
|
NETI
22
DELISTED
Eneti Inc.
NETI
| $1.18M | 0.27% |
+1,825
| New | +$1.62M |
|
|
23
American International
AIG
$41.5B
| – | – |
-366,776
| Closed | -$20M |
|
|
24
Avis
CAR
$5.81B
| – | – |
-257,855
| Closed | -$15.4M |
|
25
Delta Air Lines
DAL
$54.9B
| – | – |
-204,707
| Closed | -$7.93M |
|
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Beach Point Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Beach Point Capital Management held 29 positions worth $433M, down 15% from $511M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Beach Point Capital Management withdrew a net $55.6M in Q3 2014, closing 7 positions and reducing 4 holdings. Its most notable exit was American International, an estimated $20M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 43% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Beach Point Capital Management opened a new position in StealthGas worth $13.7M.
- Beach Point Capital Management's largest Q3 2014 buy was StealthGas: 1,500,000 shares worth $13.7M.
- Beach Point Capital Management added most to Enpro in Q3 2014, an estimated $2.55M increase.
- Beach Point Capital Management's biggest Q3 2014 reduction was Cheniere Energy, cutting an estimated $11.7M.
- Beach Point Capital Management fully exited American International in Q3 2014, selling an estimated $20M.
- Beach Point Capital Management's ten largest holdings make up 73% of its $433M portfolio in Q3 2014.
- Beach Point Capital Management opened 5 new positions and closed 7 in Q3 2014.
- Beach Point Capital Management's portfolio value fell 15% quarter-over-quarter to $433M.
Based on Beach Point Capital Management's 13F filing for Q3 2014, filed 6 Nov 2014.