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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
+12.62%
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
$240M
AUM Growth
+$32.6M
Cap. Flow
-$33.2M
Cap. Flow %
-13.8%
Top 10 Hldgs %
86.95%
Holding
24
New
3
Increased
5
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$4.09M
2
MUC icon
BlackRock MuniHoldings California Quality Fund
MUC
+$3.43M
3
FYBR
Frontier Communications
FYBR
+$3.35M
4
VCV icon
Invesco California Value Municipal Income Trust
VCV
+$3.14M
5
VEL icon
Velocity Financial
VEL
+$2.99M

Top Sells

Rank Stock Value
1
CTEV
Claritev Corp
CTEV
+$4.37M
2
LLAP
Terran Orbital Corporation
LLAP
+$4.31M
3
MFA
MFA Financial
MFA
+$2.86M
4
ADAM
Adamas Trust
ADAM
+$1.74M
5
AER icon
AerCap
AER
+$1.41M

Sector Composition

Rank Sector Weight
1 Financials 25.45%
2 Communication Services 10.56%
3 Healthcare 8.88%
4 Real Estate 8.25%
5 Industrials 6.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEL icon
1
Velocity Financial
VEL
$676M
$57.3M 23.87%
4,973,395
+309,495
+7% +$2.99M
FYBR
2
DELISTED
Frontier Communications
FYBR
$25.4M 10.56%
1,360,944
+178,662
+15% +$3.35M
CTEV
3
Claritev Corp
CTEV
$426M
$21.3M 8.88%
252,702
-81,773
-24% -$4.37M
LLAP
4
DELISTED
Terran Orbital Corporation
LLAP
$15M 6.26%
10,024,703
-2,719,399
-21% -$4.31M
AJXA
5
DELISTED
Great Ajax Corp.7.25% Convertible Senior Notes due 2024
AJXA
– –
0
– –
MITT
6
TPG Mortgage Investment Trust
MITT
$235M
$12.8M 5.31%
2,086,251
-226,756
-10% -$1.29M
FLL icon
7
Full House Resorts
FLL
$85.6M
$4.6M 1.92%
686,714
+86,578
+14% +$595K
MFA
8
MFA Financial
MFA
$944M
$4.59M 1.91%
408,314
-268,490
-40% -$2.86M
NAC icon
9
Nuveen California Quality Municipal Income Fund
NAC
$1.85B
$4.14M 1.72%
+378,823
New +$4.09M
FSK icon
10
FS KKR Capital
FSK
$3.04B
$3.8M 1.58%
198,012
– –
MUC icon
11
BlackRock MuniHoldings California Quality Fund
MUC
$1.01B
$3.46M 1.44%
+318,949
New +$3.43M
VCV icon
12
Invesco California Value Municipal Income Trust
VCV
$522M
$3.1M 1.29%
+323,732
New +$3.14M
RPT
13
Rithm Property Trust
RPT
$94.4M
$2.45M 1.02%
66,667
+9,287
+16% +$334K
DFLI icon
14
Dragonfly Energy
DFLI
$19.1M
$369K 0.15%
2,768
+413
+18% +$123K
AER icon
15
AerCap
AER
$23.7B
– –
-25,000
Closed -$1.41M
ADAM
16
CALL
Adamas Trust
ADAM
$790M
– –
-1,168
Closed -$35K
ADAM
17
Adamas Trust
ADAM
$790M
– –
-174,999
Closed -$1.74M
RPT
18
CALL
Rithm Property Trust
RPT
$94.4M
– –
-135
Closed -$16.1K

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BFP
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MCA
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OFS
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SI
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FAFN
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CAG
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CCAM
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Beach Point Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Beach Point Capital Management held 24 positions worth $240M, up 16% from $208M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Beach Point Capital Management withdrew a net $33.2M in Q2 2023, closing 4 positions and reducing 4 holdings. Its most notable exit was Adamas Trust, an estimated $1.74M position sold in full.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 22% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Beach Point Capital Management opened a new position in Nuveen California Quality Municipal Income Fund worth $4.14M.

  • Beach Point Capital Management's largest Q2 2023 buy was Nuveen California Quality Municipal Income Fund: 378,823 shares worth $4.14M.
  • Beach Point Capital Management added most to Frontier Communications in Q2 2023, an estimated $3.35M increase.
  • Beach Point Capital Management's biggest Q2 2023 reduction was Claritev Corp, cutting an estimated $4.37M.
  • Beach Point Capital Management fully exited Adamas Trust in Q2 2023, selling an estimated $1.74M.
  • Beach Point Capital Management's ten largest holdings make up 87% of its $240M portfolio in Q2 2023.
  • Beach Point Capital Management opened 3 new positions and closed 4 in Q2 2023.
  • Beach Point Capital Management's portfolio value rose 16% quarter-over-quarter to $240M.

Based on Beach Point Capital Management's 13F filing for Q2 2023, filed 10 Aug 2023.