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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
-0.73%
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
$261M
AUM Growth
-$110M
Cap. Flow
-$111M
Cap. Flow %
-42.58%
Top 10 Hldgs %
89.74%
Holding
31
New
4
Increased
3
Reduced
7
Closed
10

Top Buys

Rank Stock Value
1
SBGI icon
Sinclair Inc
SBGI
+$8.53M
2
MTG icon
MGIC Investment
MTG
+$3.1M
3
NMIH icon
NMI Holdings
NMIH
+$2M
4
NSLR
Neostellar Capital Corp
NSLR
+$983K
5
ESNT icon
Essent Group
ESNT
+$827K

Top Sells

Rank Stock Value
1
HYT icon
BlackRock Corporate High Yield Fund
HYT
+$20.9M
2
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$11.8M
3
DSU icon
BlackRock Debt Strategies Fund
DSU
+$11.6M
4
MGM icon
MGM Resorts International
MGM
+$11.2M
5
ISD
PGIM High Yield Bond Fund
ISD
+$10.4M

Sector Composition

Rank Sector Weight
1 Financials 43.57%
2 Industrials 12.51%
3 Communication Services 12.22%
4 Consumer Discretionary 6.04%
5 Utilities 5.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSK icon
1
FS KKR Capital
FSK
$2.95B
$107M 41%
4,584,732
-253,055
-5% -$5.93M
SBGI icon
2
Sinclair Inc
SBGI
$961M
$31.9M 12.22%
745,499
+176,123
+31% +$8.53M
AIR icon
3
AAR Corp
AIR
$5.13B
$20.9M 8.02%
507,486
-55,340
-10% -$2.32M
MGM icon
4
MGM Resorts International
MGM
$11.5B
$15.7M 6.04%
567,852
-390,382
-41% -$11.2M
NRG icon
5
NRG Energy
NRG
$29.7B
$15M 5.75%
378,495
– –
MGI
6
DELISTED
MoneyGram International, Inc. New
MGI
$11.7M 4.5%
2,945,371
– –
CMLS
7
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$10.3M 3.93%
705,000
+44,624
+7% +$671K
FRA icon
8
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$7.55M 2.89%
597,940
-400,896
-40% -$5.08M
MPC icon
9
Marathon Petroleum
MPC
$91.7B
$7.25M 2.78%
119,332
-73,500
-38% -$3.87M
HFRO
10
Highland Opportunities and Income Fund
HFRO
$401M
$6.84M 2.62%
512,355
+10,347
+2% +$138K
XOG
11
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
$5.98M 2.29%
2,033,397
– –
MTG icon
12
MGIC Investment
MTG
$6.1B
$3.02M 1.16%
+240,000
New +$3.1M
LFT
13
Lument Finance Trust
LFT
$43M
$2.94M 1.13%
874,217
– –
DSU icon
14
BlackRock Debt Strategies Fund
DSU
$594M
$2.12M 0.81%
196,750
-1,070,330
-84% -$11.6M
NMIH icon
15
NMI Holdings
NMIH
$3.14B
$1.92M 0.74%
+73,205
New +$2M
EFT
16
Eaton Vance Floating-Rate Income Trust
EFT
$284M
$1.11M 0.43%
84,087
-83,081
-50% -$1.11M
NSLR
17
Neostellar Capital Corp
NSLR
$273M
$955K 0.37%
+182,265
New +$983K
ESNT icon
18
Essent Group
ESNT
$5.93B
$824K 0.32%
+17,288
New +$827K
CBL
19
DELISTED
CBL& Associates Properties, Inc.
CBL
$32K 0.01%
24,770
– –
BRW
20
Saba Capital Income & Opportunities Fund
BRW
$339M
– –
-590,747
Closed -$5.62M
DOW icon
21
Dow Inc
DOW
$22.1B
– –
-31,582
Closed -$1.56M
EFR
22
Eaton Vance Senior Floating-Rate Fund
EFR
$312M
– –
-89,534
Closed -$1.17M
EVV
23
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
– –
-934,309
Closed -$11.8M
HYT icon
24
BlackRock Corporate High Yield Fund
HYT
$1.36B
– –
-1,952,832
Closed -$20.9M
ISD
25
PGIM High Yield Bond Fund
ISD
$417M
– –
-710,525
Closed -$10.4M
1
2

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Beach Point Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Beach Point Capital Management held 31 positions worth $261M, down 30% from $371M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Beach Point Capital Management withdrew a net $111M in Q3 2019, closing 10 positions and reducing 7 holdings. Its most notable exit was BlackRock Corporate High Yield Fund, an estimated $20.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 34% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Beach Point Capital Management opened a new position in MGIC Investment worth $3.02M.

  • Beach Point Capital Management's largest Q3 2019 buy was MGIC Investment: 240,000 shares worth $3.02M.
  • Beach Point Capital Management added most to Sinclair Inc in Q3 2019, an estimated $8.53M increase.
  • Beach Point Capital Management's biggest Q3 2019 reduction was BlackRock Debt Strategies Fund, cutting an estimated $11.6M.
  • Beach Point Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2019, selling an estimated $20.9M.
  • Beach Point Capital Management's ten largest holdings make up 90% of its $261M portfolio in Q3 2019.
  • Beach Point Capital Management opened 4 new positions and closed 10 in Q3 2019.
  • Beach Point Capital Management's portfolio value fell 30% quarter-over-quarter to $261M.

Based on Beach Point Capital Management's 13F filing for Q3 2019, filed 25 Oct 2019.